DotBig Review

DotBig LTD is an online broker that offers access to multiple asset classes. The total number of financial instruments exceeds 1,000 investment products, including 72 assets in foreign exchange, 244 real shares, 13 indices, 20 ETF products, 6 commodities, and 659 crypto assets, which are traded via CFDs, as well. The possibility to become a participant in different financial markets is one of the most significant advantages of the company.

Clients’ funds are stored in segregated accounts of big European banks, which means no one, except for the real owner, can’t access them. The broker also guarantees complete security of data contained in the storage. This process is conducted under the legal bases of AML and KYC policies. In this guide, we will focus more on the key features of the broker and tell you about how to trade on this platform successfully.

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DotBig Pros & Cons

Pros:

• Instant market execution;

• Low trading costs;

• Advanced and informative educational sources;

• Robust trading tools;

• The possibility to trade on a demo account.

Cons:

• Payments might be delayed when trading actively for a long period of time;

• The verification procedure took longer than stated on the DotBig site.

Who Is DotBig ltd Recommended For?

The DotBig forex broker is recommended to beginners. Although the account minimum is higher than the industry average, newbies can benefit from using a range of educational materials and participating in training courses. There is also a demo account where traders without experience can practice trading in real-market conditions. Finally, beginners find it necessary to start trading on the platform with easy navigation. DotBig meets this requirement.

DotBig also suits professional traders and ones who hold bigger capitals. When opening trading accounts of the higher tiers, such traders access several premium services that are supposed to improve their client experiences. Professional traders can access various financial markets and compile highly-diversified investment portfolios and use professional consultations to make the most of it. DotBig has an extended range of professional-oriented trading tools that allow experienced clients to use the full capability of the trading platform and fulfill their own ambitions.

Top DotBig Features

• Accessibility to multiple financial markets. Many brokers offer great ranges of assets, but very often these are assets from a few markets. With DotBig, investors can access different markets and create portfolios that would contain assets from almost every available market.

• The Stop Loss feature. This feature minimizes the risks during online trading. It allows closing transactions immediately if the price goes lower or higher than the opening price when buying or selling, respectively.

• The Take Profit feature. This feature is to maximize the probability of closing deals and taking profits. With it, the profits are fixed when the price reaches a pre-specified level. If the price goes below or higher than the opening price when selling or buying, respectively, the transaction is closed in an automotive mode.

• Free DotBig signals. Trading signals allow making trading automatized to the maximum extent. Clients of the DotBig company can use them for all the assets from the available financial markets. Trading signals are available for free.

DotBig Account Types

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DotBig Pricing

DotBig.com doesn’t have special trading commissions because all expenses related to the trading activity are included in spreads of assets. Spreads, offered by DotBig.com, are floating for all the products and all account types. Spreads are lower than the industry average. Currency pairs are traded with an average spread of 1.24 pips, while shares come with an average spread lower than 1 point.

Non-trading expenses of the DotBig clients correspond to the industry average standards. The broker offers a high minimum - $250 - but doesn’t charge a commission for the funding transactions. On the other hand, there are withdrawal commissions. They depend on the payment methods. If you choose a credit card, you would be required to pay a 0-3.5% commission for a withdrawal. The commission starts from 35 EUR for wire bank transfers, depending on the transaction amount.

Traders that work with DotBig cannot change the leverage. For each available asset class, there are fixed leverage. The leverage gap for different products is 1:400 - 1:10.

• Forex - 1:400;

• Indices and commodities - 1:100;

• Cryptos, shares, ETFs - 1:10.

DotBig.com Reliability & Security

When you choose a forex broker to trade financial products online, it’s essential to find out how the trading platform is going to provide the security of your account, sensitive data, and funds. As mentioned before, the funds of DotBig LTD clients are safe because they are stored in segregated accounts. But how does DotBig.com provides security? It’s important to find this out because the safety of private data is the same important as the safety of assets and funds.

DotBig.com is a very advanced forex broker in terms of applying security technologies. It applies top-notch anty-hacking solutions in order to protect the accounts of users. Two-step verification is just one of the technologies. The DotBig domain is protected with reliable SSL certificates. These solutions feature 265-bite coding.

The broker also implements legal-based KYC approaches. This is done to prevent frauds from entering the trading platform. Only verified users can become participants in trading activities on DotBig.com.

DotBig User Experience

DotBig.com has a very user-friendly interface. The navigation through the platform is basically intuitive, which is a huge benefit for beginners who might not know how trading platforms work and how to navigate through them. We may say that the broker is trying to provide customer-oriented services. Here are several characteristics that indicate its focus on clients and their contentment:

• a new account might be enrolled in a few minutes;

• the verification procedure is supposed to take from 5 minutes to 1 hour, while other brokerage platforms require 2-4 days (nonetheless, many users report that it’s difficult to complete);

• the trading platform is available in a few languages;

• top-notch tools for trading;

• the access to the social trading platform.

One more thing worth our attention is the range of payment methods. Users can execute their financial operations via 4 types of credit and debit cards, two types of bank wire transfers, 5 electronic wallets, and 4 types of cryptocurrency wallets. On its official website, DotBig.com states that all the available types of money transfers are executed instantly. In fact, this works only when making deposits. When withdrawing your funds from your account, you need to wait up to 48 hours. This depends on the chosen payment system.

One more distinctive feature of the DotBig trading platform is the high extent of automatization. If users prefer automated trading, they may use special trading algorithms, which allow them to avoid making deep analyses and research the markets. It also reduces the chances of a trader losing money when trading. The same might be said about the social trading platform, which provides the access to deals of other traders. You can choose the one relying on the statistics published by DotBig.com.

Last but not least, we are going to praise the support team. The support services are provided quickly, and it’s easy to get all the urgent questions answered. All you need to do is to fill in the feedback form and wait for the answer. In our case, it took less than an hour.

Final Thoughts on DotBig

On the whole, DotBig LTD is a good option and it deserves to be listed in the range of the top forex brokers. The broker takes care of its clients by providing customer-oriented services, low fees, and very responsive customer support services. In addition to this, the broker implements to its work the most modern and advanced approaches for keeping clients’ data and funds safe. It guarantees a positive client experience and tries to provide all the necessary features to make the trading experience positive as well.

Finally, the broker is a good trading platform from the pure trading point of view. It offers top-notch tools, investor-friendly fees and conditions, a lot of products to trade, and professional trading consultation services. Moreover, it protects traders from losing their initial investments by introducing the stop-loss feature. DotBig has nice conditions both for those who are just about to start trading and for individuals that have vast experience and aim to develop their careers as professionals.

Contact Info

• email – hello@dotbig.support

• cell phones:

  • for the US and Canadian clients – +18007166855

  • for the Indonesian clients – +658004922255

  • for the clients from Israel – +972809399885

  • for the clients from Great Britain and other countries – +448000465677

F.A.Q.

Are US citizens permitted to register for DotBig?

DotBig is the online forex broker that accepts clients from all over the world. Unlike many other brokers popular in Europe, DotBig.com doesn’t have any restrictions on US citizens. They can create their trading accounts and use trading platforms similar to clients from all the other countries.

Are automated trading strategies supported by DotBig?

Automated trading strategies might be good for beginners or part-time traders who don’t have time to spend on deep research. DotBig supports automated trading strategies. The activities might be automatized by trading signals. Copying trades of other participants make trading more automated as well.

Can cryptocurrencies be deposited to or withdrawn from the DotBig trading platform?

DotBig accepts various payment methods. Deposits and withdrawals might also be made in cryptocurrencies as well. The broker allows transactions made in crypto assets like Bitcoin, Ethereum, Teather, and Litecoin.

Can I register for a demo account?

With the demo account, clients can gain experience in trading on various financial markets without putting at risk their own money. They make deposits in virtual currency. DotBig allows activating a demo account. To complete this operation, you first need to create a personal account and then apply for a demo.

What are the different account types offered by DotBig?

DotBig offers live accounts with floating spreads. The available account types are Basic, Standard, Silver, and Platinum. The account minimum starts as low as $250. There are also Islamic and PAMM account types.

Does DotBig offer mobile trading?

Mobile trading allows staying tuned to market news and updates wherever you are. DotBig has an application for mobile trading, where you can access the same financial markets and instruments as in the Web Trading platform. It offers advanced functional features to solve the most urgent trading issues. The mobile app of the broker also has a newsletter.

Will my funds be secure with DotBig?

It’s vital for a broker to implement the means that will keep the funds and assets of their clients safe. DotBig stores funds of traders on segregated accounts, which are operated by European banks.

When is customer support available?

You may fill in the feedback form whenever you want. However, you will get your answer only on business days. The support service of the broker is available on 24/5.

How many forex pairs do DotBig offer?

Foreign exchange is one of the most popular avenues for investors. Thousands of traders on DotBig trade currency pairs via the available platforms. DotBig offers its clients 72 currency pairs to trade on foreign exchange.

Can I trade shares with DotBig?

With DotBig LTD, traders can buy and sell real shares of the most popular international corporations such as Facebook (NASDAQ:META), Tesla (NASDAQ:TSLA), Nike (NYSE:NKE), Google (NASDAQ:GOOGL), and others.

Is there a minimum deposit with DotBig?

DotBig does have an account minimum. To start trading real assets on a live account, you have to open at least a Basic account and deposit not less than $250.

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