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TIGERWIT Demo Account

Tigerwit Demo Account

 

Overall Rating

4.7/5

Rated #263 of 
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

FCA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Yes, TIGERWIT offers a free demo trading account for beginner traders to train on. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. TIGERWIT practice forex trading in a 100% risk-free environment.

Finding a reputable list about TIGERWIT demo account local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Demo Account review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to using this broker’s platform and their trading interface.

 

How to set up a Demo Account – Step by Step

To register for and set up a demo account with TIGERWIT, traders can follow a few easy steps.

New accounts are processed via an online application, following established industry standards.

You can register for a demo account on the TIGERWIT website or through its trading apps. Traders can simply click the ‘sign up button and follow the self-explanatory process.

When you open live or demo (also called practice) trading accounts on the website of TIGERWIT, you can choose what currency to use. Brokers usually require an e-mail and password to complete this initial step. Traders are also able to select their account currency.

Available currencies include USD, GBP, and EUR.

An account verification process is sometimes mandatory as stipulated by regulatory requirements. A copy of a trader’s ID and one proof of residency document usually is enough for this final step. The ‘Know Your Client (KYC) process, may only come into play when you decide to move forward as a trader and work with real money.

Follow these steps for account opening:

1. Get ready with your email address

2. Select the country of residence and your currency

3. Choose that you want to go for a demo account

4. Provide basic information about yourself

5. Go through the KYC process if requested and get approved.

 

 

A demo account is often referred to as a practice account due to it providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.

Beginner traders can use demo accounts to familiarise themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and develop their own trading strategies.

Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what TIGERWIT has to offer.

 

Overall Rating

4.7/5

Rated #263 of 
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

FCA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

TIGERWIT Demo Account Features

TIGERWIT’ demo account mimics a live trading account. Traders have access to the same functions, features, and options that they normally would on a live trading account.

The only exception is that the demo account is risk-free as traders make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.

 

Pros and Cons

✔️ PROS ❌ CONS
Negative balance protection for accounts Sparse educational materials
Highly intuitive mobile application Limited range of tradeable assets
All transactions recorded to the blockchain ledger
Regulated and licensed services provider
Hedging trades allowed

 

You might also like: TIGERWIT Minimum Deposit

You might also like: TIGERWIT Sign up Bonus

You might also like: TIGERWIT Fees and Spreads

You might also like: TIGERWIT Account types

You might also like: TIGERWIT Islamic Account

 

FAQ

 

What is the difference between a demo and a live trading account?

A demo account as is offered by broker companies like TIGERWIT is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features.

 

Does TIGERWIT offer a demo account?

Yes

 

Can I convert my demo account to a live trading account with TIGERWIT?

This is not clear from the information on the company homepage.

 

Which live trading accounts does TIGERWIT offer?

  • Live Account
  • Copy Trading Account
  • Professional Account
  • Islamic Account

 

Does TIGERWIT offer an Islamic Account?

Yes

 

What are the available deposit currencies for a live trading account?

USD, GBP, EUR

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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