TigerWit offers the most heavily-traded global products, delivering immediate access to the most liquid markets, around the world. Their products include FX, precious metals, commodities and indices.They provides customer service through phone, email and live chat. Their brokers are regulated by the Financial Conduct Authority (FCA), a tier-one regulatory authority, and are trusted across the globe. Now TigerWit is moving into Blockchain technology. The question is “why would TigerWit use Blockchain
Technology for forex trading”? Well, being the largest financial market in the world today, also means that forex trading is facing a plethora of challenges. However, Blockchain technology provides some solution that are necessary to improve global trading. But what solutions does blockchain technology provide for TigerWit?
First, it offers “Transparency”, because the blockchain’s digital ledger is decentralized and public. It immensely improves transparency and public trust. You can track the transaction as the information needed is accessible to anyone in the blockchain. No one in the blockchain is ever at a disadvantage caused by lack of access to relevant information.
Then Increased Security, because the nature of blockchain is such that it encodes data in a manner that is unbreakable. This ensures that your trade is safe and not vulnerable to manipulation or even hackers. Another advantage of blockchain is its speed. Blockchain technology provides a platform for real-time exchange. This means that transactions tend to happen faster, therefore trades and settlements take less time than it would without blockchain technology.
Finally, the lower cost of transaction fees. The fact that blockchain technology increases the speed of transaction also implies lower cost of transaction. This is because the blockchain technology automates the process thereby eliminating the cost of intermediaries.
All of this means that trading on TigerWit is much lower risk because blockchain transactions require the ownership of assets or funds by either party; there are hardly any credit or liquidity risks. Customers also get faster settlement time. Traders, brokers, and exchange platforms are able to track the entire transaction, leading to a process that is transparent from end to end. TigerWit’s blockchain cryptographic encryption ensures that customers can trade safely every time.
To put it simply, TigerWit’s blockchain technology has been tailored to provide the much-needed forward-looking solution to specific forex trading challenges with the aim to enable a trading environment that is driven by accountability, transparency and trust.
