Is TigerWit regulated?
TigerWit is not currently regulated, which raises significant concerns for traders. While it previously held licenses from the Securities and Futures Commission of Hong Kong (SFC) and the Australian Securities and Investments Commission (ASIC), both of these licenses have been revoked. Additionally, its regulatory status with the UK’s Financial Conduct Authority (FCA) and the Securities Commission of The Bahamas (SCB) is unverified. This lack of regulatory oversight means that TigerWit cannot guarantee the safety of your funds or the fairness of its trading environment. As per my view, trading with an unregulated platform like TigerWit presents considerable risk, as there is no guarantee that your funds will be protected or that the platform adheres to strict industry standards. Therefore, when reading any TigerWit review, it’s crucial to consider these regulatory shortcomings.