|Journal status: |
- Full listing profile: TigerWit broker profile
Is TigerWit safe?
- Investor protection: ...
- Regulation: SCB Bahamas
- Registration: ...
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is TigerWit trusted?
- Information transparency: high
- Customer service: ...
- TigerWit website: uninformative, updated
- TigerWit popularity (by visitor count): Average
How TigerWit worksThe Firm, through its trading platform, provides the client with live streaming prices, “Quotes”, along with a breakdown of the available volumes (“market depth”) as received from its third-party liquidity providers. The Firm is always the counterparty (or principal) to every trade; therefore, if the Client decides to open a position in a Financial Instrument with the Firm, that position can only be closed with the Firm.
Execution Venues are the entities with which the orders are placed or to which the Firm transmits orders for execution. For the purposes of orders for the Financial Instrument provided by the Firm, the Firm acts as Principal and not as Agent on the Client’s behalf at all times; although the Firm may transmit your orders for execution to third party liquidity providers through its Electronic Communication Platform, contractually the Firm is the sole counterparty to your trades and any execution of orders is done in the Firm’s name, therefore the Firm is the sole Execution Venue for the execution of the Client’s orders.
TigerWit offers Negative Balance Protection guarantee to all clients as part of the Client Agreement, as long as it is not manipulated and is accepted in good faith. We are committed to a strict policy ensuring that clients may never lose more than their total deposits.
7.The client accepts that TigerWit is the only execution venue, which is a Over-The-Counter market.
Profit taking behaviors that take advantage of price spread, such as arbitrage, scalping or utilizing the internet delay, are not allowed in Over The Counter (OTC) market that basically trade directly between two parties, without the supervision of an exchange. TigerWit do not allow any clients get involved in these opportunistic practices such as arbitrage or utilizing internet delay and etc.