DotBig Overall Ranking is 7 out of 10 based on our testing and compared to over 500 brokers, see our ranking below compared to other industry Leading Brokers. It is important for us to know your personal opinion about this broker, you can also read the reviews of DotBig and see the rating of Forex brokers. While equity markets globally are taking a hit today, a number of Retail FX firms have reacted DotBig reviews especially harshly. The Estonian Crypto license for DotBig’s cryptocurrency platform DotBigX was granted in the last week of March. The markets seem to focus nowadays on bad news, and look to “sell now” and worry about buying back later. 31 October 2022 Best Crypto Wallets In India Cryptocurrency is more popular than ever, with a global user base numbering more than 290 million people.

DotBig broker

A stock is a security that represents partial ownership of a corporation. Keep in mind that when trading stock CFDs, you speculate on the price of a stock without actually taking ownership of the underlying company. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example, EUR/USD, which reflects the value of the euro measured in dollars. MetaTrader is also popular due to its copy trading and automated trading features.

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It should be pointed out that the broker is a completely legitimate entity and provides services to customers around the globe . In addition to currency pairs and Forex, you can also trade cryptocurrencies, commodities, and other instruments. In addition to the DotBig web app, DotBig offers the industry-standard MT4 and MT5 platforms. DotBig has limited educational and market analysis materials but provides excellent customer support, an unlimited demo account, and a copy-trading system to get new traders started.

DotBig broker

In addition, spotty connections can reduce the overall trading experience. Generally, it is better to be at your desktop to conduct day-to-day trading and use a mobile device to keep an eye on the markets or close open positions.

DotBig reviews At A Glance

Hi Dominic, we are sorry to hear that you feel this way and we would like to apologies for the delay. We have raised this internally and our support team advised that this will be processed today. We believe that the best decisions are always made when one has all the facts reviewed and assessed. Choosing a broker is not an easy decision to make, with so many options available and especially when there is a lot at stake.

  • It is a good idea for rookie traders to first start exploring all features of the demo account before moving to live trading.
  • The benefit of this feature is that traders’ funds are not used for other purposes but only for trading.
  • Overall, DotBig’s platform support is better than other similar brokerages, and it offers its own in-house trading platform, which is easier to use and set up than MT4 and MT5.
  • It should be pointed out that the broker is a completely legitimate entity and provides services to customers around the globe .
  • The minimum deposit required to open a DotBig Silver account is $5000.

DotBig’s fees vary depending on your account balance, with a range of different tiers. For the account balances up to $2,500, we judged that spreads and swap fees are roughly average for the industry. Now the DotBig broker offers training at its academy, maintains a blog, publishes an economic calendar, and conducts webinars. They are registered, in particular, in Saint Vincent and the Grenadines, the Cyprus Securities and Exchange Commission, in Hamburg. Residents of some countries cannot use the services of the company. There is a diversity of trading platforms on the website that every user can turn to. Bonuses and Promotions

As a result, the MT5 platform is ideal for advanced traders who require more sophisticated trading tools. Moreover, MT5 is best-suited for trading multiple asset classes. A low initial deposit of $250 is recommended to open an account at DotBig. A wide variety of methods are available, from bank wire to credit/debit cards and digital wallets. Deposits are free, but withdrawals can incur a fee depending on the size of your account balance.

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Our ratings take into account a product’s rewards, fees, rates and other category-specific attributes. DotBig offers multiple deposit methods such as credit/debit cards, bank wire transfers, and e-wallets. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

In addition, futures contracts give traders a high degree of flexibility as they can be traded for a variety of timeframes. Make a deposit via any funding method you prefer to start trading with real money on DotBig. Sign up for a free DotBig account and get access to a demo account with $10,000 demo funds to try out the platform.

Top DotBig testimonials Reviews!

The DotBig mobile app includes all the key features from the web app, including the news feed, price alerts, copy trading, and access to over 950 trading instruments. Chat support is available within the app, and users can set up two-factor authentication for increased security. The broker offers over 900 trading instruments for trading to customers.

In effect, most users will have either email customer service or complaint form options. DotBig offers tools and education resources, along with trading, economic and earnings calculators to help beginners start trading. With special emphasis on social networking, the platform’s feed section provides news on the market vis-à-vis top companies and insights into their earnings, too. Both brokers offer traders a balanced asset selection with sufficient trading instruments for most retail traders. EToro has more than twice as many equity CFDs as DotBig and provides in-house managed thematic portfolios. DotBig offers higher leverage in its non-EU entity and maintains a better cryptocurrency coverage, and both also feature direct share dealing for long-term investors.

DotBig Markets Live Quotes

Unfortunately, DotBig does not publish the average spreads for each account tier, so our calculations were based on the standard spreads. Spreads start at 1.7 pips (EUR/USD) on its entry-level account tier, which has a minimum deposit of 250 USD. Both the minimum deposit and ongoing costs on this account are higher than that of other brokers’ entry-level accounts.

Deposits are instant; withdrawals are processed within 24 hours. DotBig complies with the Anti-Money Laundering Directive by returning funds to the original source and only up to the initial deposited amounts. As of 17 December 2021, DotBig no longer accepts clients from the UK. We may receive compensation when you click on links to products we review.