BusinessDay

Tigerwit charges new retail traders to pass torch on as next super traders

A renowned financial technology and brokerage firm headquartered in the UK, Tigerwit, has charged its 30 newly trained retail traders to go into the largest financial market and become the next super trader.

The firm made this call at the graduation ceremony which held at Tigerwit’s African head office in Ikeja Lagos at the weekend.

Tigerwit, is a firm running a transparent ledger system powered by blockchain technology. It educates her clients on how to successfully navigate the financial market by paying attention to risk management and trading edge development.

According to the Head of Africa Business for Tigerwit Africa, David Onaolapo, the training was necessary after they noticed the gap in financial literacy and how the foreign exchange industry was being infiltrated by inferiors.

This, he said, tarnished the trillion-dollar industry in this part of the world. Hence, “It was necessary to start from the basics and teach any and everyone to do it themselves,” he added.

The new entrants were taken on a three- month rigorous training daily as a flagship of the online Academy set up by the financial technology firm.

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Onaolapo and the Head of Education, Davies Babalola, who facilitated the programme, are described as seasoned traders with over 26 years of combined industry experience.

The duo, however, allowed the students to glean from their wealth of experience and learn to avoid pitfalls that stressed them in the early days of their careers.

For the trainees, the graduation ended with lots of freebies as top three students were awarded $1000, $500, and $250 each.

Meanwhile, to encourage females to delve into currency, stock and cryptocurrency trading, each graduating female was rewarded $200.

In the words of the Head of Africa Business, “The academy initiated a 100 percent deposit match bonus to encourage all students with lower deposits to trade decent position sizes. This is to keep the practice going.”

Onaolapo continued that the training was cushioned by Tigerwit Africa and offered all account holders free quality education by industry professionals.

This training aims to commence this year in other cities such as Port Harcourt, Warri, Abuja, Ibadan, and Enugu among others.

Today, Tigerwit Africa has set up both online and offline academies for its clients across the country and Africa.

Following this graduation, the firm divulged that a new training batch will kick- off the second week of January and a pre-registration is required to hold.

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