Online trading is the most effective way to earn good money online. However, when you start trading you rely not only on your skills but on the platform and its conditions. Today we will take a look at the DotBig forex broker. We are going to focus on the key trading information and experiences of real traders.
DotBig ltd is an online brokerage service where people can trade multiple assets using the original online trading platform. This online broker is famous for the variety of its analytical tool such as charts, news, forecasts, that might be used by clients for the sake of more effective online trading. The company DotBig is registered with an address at Suite 305, Griffith Corporate Center, Kingstown, Saint Vincent, and the Grenadines under the number 26350 BC 2021. More information about DotBig ltd is available in the client agreement at DotBig.com.
In order to verify and monitor clients and their activities, the brokers implement methods of AML and KYC policies. According to the company, these methods help to guarantee the security of clients’ data. DotBig ltdclaims that all the data of their users are encrypted and cannot leak to third parties.
DotBig.com is an online broker that meets the requirements of many different traders. The reason for this is the availability of multiple trading instruments and beneficial conditions for clients. With DotBig, traders get access to multiple markets because this online broker isn’t just a forex exchange. Here users can trade currency pairs, shares, cryptocurrencies, commodities, ETFs, and CFDs.
The number of instruments for forex trading is quite extensive here. 71 currency pairs are available on the forex market. Crypto trading is also possible but the number of available assets isn’t quite wide for professional crypto investors – 5 cryptocurrencies.
DotBig is a nice option for stock trading. This strategy may be profitable for beginners on the forex market because the broker has low commissions for stock trading and provides all the necessary tools to manage all deals. In addition to this, it displays a very wide range of assets. These are 232 shares of many international companies such as Tesla, Uber, Facebook, and others.
When you work with any online broker it’s important to consider not only the availability of certain assets. Pay attention to spread points. In the case of DotBig, the spread is usually from 1 to 2 points. However, beware because many traders in their reviews say that spread on this platform tends to grow up during the nighttime. You should consider this for your trading strategy.
Before you can make benefit from trading on this platform, you need to open your trading account. Many brokers provide the possibility to open different trading accounts. The differences between them might be quite significant in terms of trading. Some may have better conditions and more assets available. DotBig doesn’t give the possibility to choose between multiple accounts.
Every trader can open only one trading account on this online broker and all the described assets and services will be available for the same deposit. Actually, the registration procedure here is basic for online trading. In order to create a trading account, every user has to complete for simple steps:
Sign up on DotBig.com. To do this you need to fill a special form available on the website. You will be required to provide your name, phone number, and email address;
Verify identity. This is an obligatory procedure for every trader. To verify identity, a user needs to provide any ID document that will prove users’ age and place of residence;
Make the first deposit. Depositing money is possible via any method available. Keep reading to learn more about making deposits and withdrawals.
Start trading. We recommend you develop a strategy before you start making deals on this platform. This will help to avoid losses. Use all the capabilities of available analytical tools to succeed.
Clients of the broker, who leave their reviews on such platforms as Trustpilot, Sitejabber, Reviews.io, say that creating an account on DotBig isn’t complicated and time-consuming. According to the reviews we’ve studied before writing this article, the broker provides top-quality support services that help their clients to solve different issues during the registration process. Plus, if you’re a beginner you may claim a 10% discount for the first deposit.
It’s important to mention that the broker flatters only active clients. If you aren’t an active trader make sure you deposited money from your account. Otherwise, the broker will take money. This condition works when the account isn’t active for a month or longer. Check this out in the client agreement.
Beginners also may start with opening a demo account. This is the best way to test your trading strategy and see all its benefits and drawbacks. With a demo account, you aren’t required to make real deposits but all the trading conditions, tools, and instruments are similar to ones displayed in a regular account.
Reputation is extremely important for every broker and DotBig isn’t an exception. The company aims to increase its clients base so it strives to provide the best customer support services and the most profitable trading conditions. If you study DotBig testimonials, you will see that many users admire the working approaches of the broker.
Managers of the company encourage their clients to leave real DotBig testimonials even if there are cons for the broker. The DotBig Forex broker aims to improve the quality of its services so reviews from real clients are useful not only for other traders but for the company as well.
The DotBig Forex broker has nice ratings on such platforms as Trustpilot, Reviews.io, and Sitejabber. For example, 80% of users on Reviews.io recommend this broker. Traders, who leave their DotBig testimonials like equal trading conditions. The user of Trustpilot, WaLl-e, shared his opinion on that: “Commissions, spreads, swaps are not sky-high, they are much higher with other brokers. I like that money does not disappear from the deposit and there are no hidden fees”.
Positive reviews don’t mean the broker has no disadvantages at all. Many of Trustpilot say they don’t like that spread points become much higher during the nighttime. Besides, some clients shared that they experienced some problems when making the withdrawals. The number of users said they faced errors of quotes.
Services for Online Trading: Platforms and Tools
If you want to trade with the DotBig forex broker, you can choose between web and mobile platforms. DotBig Web is a web-based original trading terminal that provides several types of charts and timeframes, more than 50 indicators for analysis, and an extensive number of special tools and instruments. This is a multifunctional platform that can be operated via your web browser – you don’t need to install it on your device. This leads to the faster execution of orders and more effective updates.
A mobile app is a convenient option for those who have to move all the time. You can simply install a user-friendly app to your smartphone and trade available assets with the help of more than 150 tools for analysis. The app can be installed on a device with any operating system – both iOS and Android are acceptable.
As for trading tools, the broker represents highly-effective trading signals that are used for making automatization maximized to the highest extent. They are completely free here.
Social trading is one more service available on this online platform. According to DotBig testimonials, social trading conditions are beneficial both for professionals and newbies. Beginners can follow more experienced traders and copy their deals. Professionals, on the other hand, will earn commission from successful trades of their followers. So this is a win-win situation where all the sides are satisfied.
Deposits and Withdrawals
DotBig doesn’t charge commissions for making deposits. The minimum deposit to start trading on the platform is $100 or equivalent. Users can make deposits by using different methods:
Alternative Payment Methods
Withdrawals come with additional fees. They might change so traders need to follow updates on the website of the broker.
In conclusion to this DotBig review, DotBig is an online platform gaining popularity with many traders around the world. DotBig has a good reputation and offers safe payment methods. It also claims to provide beneficial trading conditions but before you sign up for their services, you are better to consider whether the offered conditions suit your trading strategy.