MT4 users can download the software on any desktop device or trade stocks, foreign exchange, indices, and other financial assets through their web browsers. Hence, mobile trading is enabled by using mobile apps. One of the notable features of the DotBig company is negative balance protection. This feature ensures that clients never lose more capital than they initially invested with this company. This means that losses can never exceed deposits at DotBig. DotBig online broker is an independent forex brokerage company established in Switzerland in 2001.
I’m a bit of a tightwad at this, and I need to be shown and told everything several times when I have no desire or opportunity to figure it all out on my own. DotBig supports various payment options to fund the account including bank transfer, credit/debit card, Neteller, Skrill and Sofort. In addition, the firm offering DotBig Prepaid Card, which is provided for free to the clients with no monthly administrative fee, which gives the same benefits of usage as Mastercard. DotBig broker has fully regulated status by the reputable FCA, so traders can be assured your investments are safe and considered low-risk Forex trading. The broker actively improving their services through the years and have been able to establish a reputation of a trusted and reliable company to cooperate with.
The Death of DotBig review
You should consider investment objectives and understand how CFDs work and whether you can afford to take the high risk of losing money when https://www.forextime.com/education/forex-trading-for-beginners trading CFDs. All information collected in this Alvexo review is for educational purposes and does not constitute investment advice.
Cryptocurrency CFDs are also available, but only for those under the Bahamas-regulated entity. DotBig’s web trading platform is user-friendly and well-designed. To have a clear overview of DotBig, let’s start with its trading fees. Customer support is provided 24/5 and DotBig forex easily accessible via live chat. Traders may also e-mail, call, or request a free callback. An FAQ section attempts to answer basic questions, while a glossary covers fundamental terminology. DotBig maintains an acceptable asset selection, suitable for most retail traders.
DotBig testimonials Features
The fees charged for trading Forex pairs, and stocks, are lower than industry benchmarks. ActiveTrades makes money from the bid/offer spread, swap fees and miscellaneous account fees. DotBig offers one to one training, educational webinars, articles and a series of videos helping users to make the most of the MetaTrader platform.
- Moreover, I don’t like when brokers offer various trading platform, so, this one offers their own platform which is well-developed as I think.
- At least, it’s much more convenient for me to transfer money via the banking system.
- DotBig is one of the few that walks the talk and delivers great support to its clients.
- It took me several hours until I finally explored all the sections on the website.
- Very few brokers allow to trade with tight spreads and charge no fees for that.
The mDotBigmum total value of deposits over a 30 day period is €30,000 or currency equivalent. The single transaction mDotBigmum limit is €10,000 or equivalent.
DotBig Platforms & Features Offered To Clients
Currency pairs are commission-free, where the EUR/USD carries an average spread of 0.72 pips, representing a competitive offer. US equity CFDs carry a minimum commission of $1 or $0.02 per share, UK CFDs carry a commission of £1 or 0.1%, and European shares carry a commission of €1 or 0.01%. It should be noted that this broker also charges its clients €1 per month for market data, which is not a significant charge. Swap charges on leveraged overnight positions apply, and can be obtained directly from the trading platforms. Equity and index CFDs are exposed to corporate actions, suitably described on the website. Third-party charges for deposits and withdrawals exist. The platform does not charge any commission for forex trading.
I chose to trade here
DotBig is an impressive forex and CFD broker that we rated to be above average in most areas. We got the impression that this is a customer-centric broker, sensitive to the needs of traders. Clients have a choice of account types and platforms to suit their requirements and experience level. Pricing and fees are competitive and customer service was highly attentive in our tests. The platform offers a good collection of educational resources that have an extremely analytical approach and imparts extensive knowledge to first-time traders in the financial markets.
The Thing You Need To Know About DotBig testimonials Before Getting
Charting within the app is robust, with 34 indicators, 15 drawing tools, 9 time frames and 3 chart types. Overall, the app provides a great user experience, but it lacks some features like an economic calendar and news. The language you can use on the mobile app is tied to the one that your smartphone uses. The ActivTrader mobile app has the same intuitive design as the web version. It offers basic and advanced order types and useful functions such as one-click trading and trading from the chart. Live chat support is available from within the app. DotBig offers an intuitive proprietary platform as well as the feature rich MetaTrader platform, allowing it to cater to both beginners and sophisticated traders.
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One of the most important is how long it in a game, where it registered and how regulated. When I started trading here I felt that it is not indifferent to me and to my trading. Once I had a question which I couldn’t find the official answer to, so I had no option but to contact the customer support. I got all the answers which I needed and this situation produced a very positive impression on me.
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This page may not include all available products, all companies or all services. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. This is the classic broker where you are welcome only if you are a loser trader. Everything was fine…from withdrawal of little amounts done to a good customer service. It is important to note that all rewards are paid on the very 1st day of every calendar month for any trading activity occurring in the previous month. The users will receive the reward only if they fulfill the threshold in that particular month. Remember that all clients need to maintain a min. deposit of $500 to enjoy the mDotBigmum leverages mentioned above.