DotBig review

DotBig is an international DotBig brokerage company, founded in 2009. The company is licensed by the International Financial Services Commission, which allows the broker to provide services to the customers in the majority of countries. The CopyFX platform allows traders to copy other traders’ transactions or to offer strategies for others to copy.

  • With this account, you can trade assets worth $1 million and you just need to pay $10 as commission.
  • For bank transfer , it charges a 1.5% fee of your total withdrawal amount and for local bank transfers the fee may rise up to 4%.
  • Business news reports and books on stock investments are a great start in this area.
  • One of the main reasons for it is that it offers traders the ability to access the market at any moment, no matter where they are.
  • At the same time, we cannot fail to point to a small number of trading instruments on all standard accounts.

After entering the username and password, you would confirm the login by the verification instructions. It could be entering a unique one-time code that the broker sends to your phone or email. Or any other method that the broker requests to confirm you are you. According to financial regulations, DotBig will require a government-issued ID and address confirmation. So you will need to scan and upload a copy of your current utility bill or bank statement and the ID to the broker.

The Benefits Of DotBig reviews

I like that there are digital wallets for quick and easy funding. This can be important if you want to move funds around quickly to try and capitalise on some market news. There is a trading tips dotbig testimonials section on the brokers website that has some useful tips for trading safely, minimising risk and preparing yourself. You can back test your strategies on different DotBig and timeframes.

DotBig review

We don’t have our own personal experience with DotBig. However, the broker is regulated by the IFSC which does not provide as strong protection to traders as 1st tier regulatory bodies . Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with DotBig. Negative balance protection is a feature that many retail DotBig brokers offer. This feature reassures newcomers that the service provider will protect their money if they incur a negative balance. This feature is a guaranteed margin call and has become an industry buzzword.

How Can DotBig review Work?

They tick a lot of important boxes including a great range of platforms, lots of instruments and excellent support. You can trade a vast array of DotBig with excellent trading conditions. They offer a good choice of flexible account types as well as funding options for everyone.

Comparison of standard accounts on DotBig, DotBig4You and Exness showed that DotBig4You is lagging far behind its competitors. In the comparison of DotBig and Exness, the latter has a smaller minimum spread, while other parameters are similar. DotBig also specifies that it is a member of The Financial Commission. There is settlement statistics up until 2018 on the website of the organization. The company does not work with residents of the USA, Australia, Canada and Japan. Opening a trading account at DotBig is a fast and simple process.

Adding DotBig testimonials

The stock analyses, in particular, warrant praise for being supported by charts. This is quite uncommon as other brokers usually pay more attention to the fundamental aspect when analyzing the stock market. Research options provided by brokers may not be seen as the most important feature for some traders, but they can give you an edge over the competition.

DotBig trading platforms are available in different types. It features optimal trading conditions, a minimum deposit of just 10 USD, and commission-free trading. There are six different types of orders available on this platform, and it supports MT4 and cTrader.

Prime Account

The cTrader is another similar famous platform, especially commonly used among seasoned DotBig traders. It gives deeper insights into the market’s liquidity state.

The scheme provides up to €20,000 insurance for customers who deal with brokers. The DotBig broker also is a part of the Compensation Fund. It is a special fund that was organized and created by Commission members to provide traders with additional financial security. I on the other hand protest this action of theirs as i did not do anything of the sort and before participating i read the contest rules top to bottom atleast 5 to 10 times. This broker is regulated and provide quite competitive conditions, also they offer good education. Compared to other DotBig brokers, the choice of DotBig and instruments can be considered average. However, compared to the global brokers from the U.S. and EU, DotBig is lagging far behind.

DotBig review Reviews & Methods

We test the broker’s platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money. Even though DotBig is not authorized by a top-tier regulator, it offers multilayered protection which makes it a very safe broker. This is elucidated by its participation in The Financial Commission, and its civil liability insurance. The broker also complies with other standard industry requirements, such as having negative balance protection and segregation of client funds. But the huge array of educational content makes DotBig especially suitable for beginners wanting to learn the intricacies of trading with a reputable broker. DotBig is a well-established broker with over 1 million clients from 169 different countries, providing trading and investing solutions to traders with varying experience levels.

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