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TIGERWIT Fees and Spreads

TIGERWIT Fees and Spreads

 

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 spread and commission fees start from US Dollar 10 with spreads from 0.6 pips.

TIGERWIT doesn’t charge any account and deposits while withdrawal fees are charged at $1. TIGERWIT also charges an inactive fee of $10 per month.

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

Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.

 

Fees and Spreads

TIGERWIT’ spreads start from xx on EUR/USD.

Fees, spreads, and commissions that traders can expect when trading with TIGERWIT is as follows:

TIGERWIT UK charges commissions on CFDs on shares, precious metals, and market indices. The commissions vary with the different assets in question, for example, indices CFDs mostly attract a commission of $10 per lot.

TIGERWIT charges a 20% commission on all profits generated through its Copy Trading platform.

TIGERWIT spreads are generally affordable and competitive, starting at 0.6 pips but maybe slightly wider than other peers, especially during periods of heightened volatility or low liquidity.

The 20% performance fee (or commissions) on the Copy Trade Account is deducted from the positive results generated by a master’s strategy once a month on the 10th of every month, and only with a positive performance.

The broker uses the STP+ECN trading model and therefore charges variable spreads and commissions depending on the asset on trade. The spreads are from as low as 0 pips. This broker does charge rollover fees depending on the asset on trade.

Examples of spreads are:

AUDCAD 2.5

AUDCHF 2.5

AUDJPY 2.4

AUDNZD 3.0

AUDSGD 3.9

AUDUSD 2.1

 

Additional Trading Fees

When trading financial instruments such as forex, traders can expect that overnight, or swap fees may be charged when positions are held for longer than a trading day.

This broker charges rollover or overnight fees on positions left open overnight and during the weekend, depending on the type of asset traded and the day of trading. Overnight fees for positions left open on Wednesday are for instance three times the normal.

TIGERWIT makes provision for an Islamic Account for Muslim traders who follow the Sharia Law, and thus prohibited from earning or paying interest where the holding of open positions is concerned.

The TIGERWIT support team can also advise whether spread betting is allowed and what spread betting fees could apply.

 

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

 

Broker Fees

TIGERWIT does not charge deposit fees, although the different payment channels themselves, whether credit card, bank transfer, or eWallet, may charge fees like currency conversion fees, transaction fees, or transit costs.

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.

Clients are entitled to four free withdrawals per month, after which a $1 withdrawal fee will be charged per withdrawal.

There are no further hidden fees at TIGERWIT.

 

Pros and Cons

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

 

You might also like: TIGERWIT Minimum Deposit

You might also like: TIGERWIT Demo Account

You might also like: TIGERWIT Sign up Bonus

You might also like: TIGERWIT Account types

You might also like: TIGERWIT Islamic Account

 

 

FAQ’s

 

How many instruments can I trade with TIGERWIT?

You can trade several different instruments with TIGERWIT, which include the following:

  • Stocks,
  • Indices
  • Energies
  • Forex

 

Which platforms are supported by TIGERWIT?

TIGERWIT provides the MT4 trading platform.

 

Does TIGERWIT offer leverage?

Yes, TIGERWIT offers maximum leverage of up to 1: 200

 

What spreads can I expect with TIGERWIT?

TIGERWIT offers spreads from 0.6 pips on its various accounts.

 

Does TIGERWIT charge commission?

Commission of 20% of Profits once per month on Copy Trading Account, 0% on others.

 

Are there additional charges on the Islamic account?

Yes, a Swap/Rollover Free.

 

Is TIGERWIT regulated and by whom?

TIGERWIT is regulated by FCA, SCB.

 

Is TIGERWIT a recommended forex trading broker for experts and beginners?

TIGERWIT offers a fair trading environment for most types of traders.

 

What is the overall rating out of 10 for TIGERWIT?

8/10

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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