Review of DotBig Ltd: All The Pros And Cons For Working With a Broker
Dotbig Ltd is a modern online broker that offers clients to join trading on the global financial markets. The company is focused on investors with different levels of initial capital and investment skills. Dotbig has partnered with leading trading signal and trading software providers. The activity of the forex broker is controlled by European financial regulators, which is confirmed by the presence of a license for brokerage services.
Flexible trading conditions
Dotbig positions itself as a universal intermediary for working in the currency, cryptocurrency, commodity, and stock markets. This is confirmed by flexible trading conditions that are suitable for implementing different investment strategies from scalping to algorithmic trading. The minimum deposit of $100 allows profitable Forex trading even for investors with small initial capital.
Among the available financial instruments of the broker dotbig:
- Digital currencies;
On average, orders are processed at a speed of 50-100 ms. This allows you to increase the efficiency of trading. Spreads start from 0 pips. Dotbig experts warn that the trading fee may increase at night and under the influence of the news background. This is the norm for the Forex market and does not depend on the broker.
Technological trading platforms for trading
Collaboration with leading trading software providers allows dotbig to offer customers technologically advanced and convenient trading platforms. Thus, the broker is a client of Metaquotes, known for the development of the popular MetaTrader 4 and MetaTrader 5 terminals.
Dotbig Ltd offers its own web terminal. The proprietary development of the company is perfect for novice traders who prioritize the convenience of the trading platform and the availability of basic functions. Investors who are used to trading on the go should install the dotbig mobile app.
Profitable investment in passive mode
Broker dotbig has developed a passive income system for adherents of automatic trading. The company’s clients can use several tools to automate online trading:
Trading signals. The company provides tips for novice traders with suitable opening/closing times. Signal providers take into account the news background, archived data, and the results of fundamental and technical analysis.
Trading advisors and robots. Programs of the first type form tips on the time of the conclusion of transactions, the choice of an asset, and the volume of the lot. After receiving the signal, the trader can use it or cancel it. Trading robots from dotbig make deals on their own, while the trader simply needs to control the operation of the program and receive passive income.
Social trading. The broker has developed a service whose users can copy trades of successful investors. When forming the rating of the best traders, the number of profitable transactions in their trading history is taken into account.
For the most profitable automatic trading, it is recommended to use only proven software. In the case of working with third-party untested Expert Advisors, dotbig cannot guarantee the absence of technical problems and the safety of investments.
Maximum attention to novice traders
The company is aimed at novice investors. Beginners in trading can learn the basics of playing the financial markets on their own or under the guidance of a manager. Dotbig analysts are experienced in investing and help beginners learn the basics of asset trading and technical and fundamental analysis.
The training program includes webinars, seminars, video tutorials, and a detailed guide to trading on the Forex market. Traders can use the economic calendar, news, and asset reviews. Educational materials are published on the official website dotbig.com and on the broker’s social networks.
For any questions, investors can contact the round-the-clock technical support service. Managers promptly respond to requests in the online chat and by phone. You can also send an e-mail to [email protected].
Variety of tariffs
For efficient trading, the broker offers several types of accounts. It is worth choosing the optimal tariff taking into account your experience in trading and starting capital. By opening any account with dotbig, investors get access to educational materials. The higher the initial deposit, the more the broker offers additional benefits in the form of cashback, access to exclusive analytical tools, and more
Dotbig account types with minimum deposit:
Basic ($100). A low level of starting capital allows novice traders to learn how to invest with minimal risks;
Standard ($2.5 thousand). This option is suitable for investors with experience in trading in financial markets. As a bonus, dotbig clients get the opportunity to withdraw funds once without commission;
Silver ($5 thousand). Opening this account is for investors with an average trading volume. It features reduced spreads compared to other tariffs;
Gold ($10 thousand). The tariff is suitable for professional investors. Its advantage is the accrual of interest on free funds;
Platinum ($25 thousand). Account holders receive a return of up to 10% of swaps and a ready-made trading strategy;
VIP. The conditions for switching to this tariff are discussed individually with the manager.
To make sure that the trading conditions are convenient and the broker is honest, you can use a demo account. The demo account is also aimed at beginner traders who can learn how to trade without the risk of losing money. Experienced investors use a demo account to practice trading strategies.
A few steps to start profitable trading
To start online trading, new clients of the dotbig broker must register on its website. This procedure begins with authorization and filling out an online contact form. After that, traders receive an e-mail with data for entering their personal accounts. You can change your password on your account.
Registration is accompanied by mandatory verification. Dotbig requires identity verification from all customers in order to combat fraud. To pass verification, you need to provide:
- Photo or scans of passport/driver’s license/
- A copy of the utility bill;
- Bank card details will be used to replenish the deposit and withdraw funds.
When registering, you must specify your real name and current contacts. You can change your address of residence, link a new card to your account, and change contact details through the manager. To delete your account, you should also contact technical support.
Dotbig insures clients’ investments using segregated accounts. They allow you to keep the money of traders separately from the funds of the organization. At the same time, the broker does not use clients’ investments for its operating activities.
All personal and financial data of investors are stored in closed databases. Broker dotbig guarantees the safety of clients’ personal information and its inaccessibility to third parties. The company uses a 128-bit SSL digital certificate to encrypt data.
To conduct financial transactions for depositing/withdrawing funds, you can use electronic wallets, online services, bank cards, and transfer through a bank. Dotbig does not set a commission for replenishing a deposit, however, the payment system may have it. When withdrawing funds, up to 3.5% broker commission is charged. Of the trading commissions, dotbig has a swap when transferring open positions to the next day.
The company sets a minimum withdrawal amount of $50. You can withdraw money only to the card from which the deposit was replenished. You must inform the manager about changing the payment method or changing the details.
Why traders will be interested in working with a broker
Forex broker Dotbig encourages cooperation with the company and offers partners a reward for attracting new clients. The affiliate program involves the payment of remuneration for each attracted trader. A representative of an online broker can also receive interest on spreads accrued on transactions made by referrals.
Dotbig clients can use up to 1:400 leverage to increase their trading profitability. Such financial leverage is considered optimal for trading with minimal risks.
What customers say in reviews
About dotbig reviews are mostly positive. Investors note that low spreads and increased order processing speed allow the use of a scalping strategy. The high commission for financial transactions is compensated by the stability of the withdrawal and the absence of additional hidden fees. Traders are attracted by the variety of assets. According to some investors, the lack of binary options can be attributed to the disadvantages of the broker.