Also, there is a currency conversion fee and an inactivity fee. DotBig offers award-winning customer support to ensure all the needs of its customers are met.
Although it offers only one type of account, traders can choose from different platforms, select the currency in which they wish to trade, and add shares to the platform if they wish. The company handles DotBig reviews more than 100 thousand trades per second, with an estimated 93.60% of orders executed at the requested price. Alex Pusco founded DotBig in 2001 as a stock brokerage firm in Switzerland.
Why DotBig forex Is Better/worse Than (alternative)
How long does it take to withdraw money from DotBig? We tested the credit card/bank transfer withdrawal and it took more than 3 business days. You can only deposit money from accounts that are in your name. Therefore, mobile trading is the only possible solution for me. The broker executes the transaction on behalf of the trader. Indices trading in Dow Jones, FTSE, Euronext, Nasdaq and others are also available to trade with DotBig, as well as fixed-income contracts. Finding a reputable DotBig review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Research tools are available on the website and on the trading platform. We’ve tested the research tools only on DotBig’s own platform. Changing the leverage is a useful feature when you want to lower the risk https://www.forex.com/ of your trade. Be careful with forex and CFD trading, as the preset leverage levels are high. Similarily to the web platform, DotBig has its own mobile trading platform besides MetaTrader 4 and MetaTrader 5.
I like broker’s conditions and appreciate they have Metatrader 4 trading platform. It is a good feature that they have many options to top up your balance. There is no social trading though, which DotBig forex makes it a bit hard to follow successful traders and emulate their way of thinking and strategies. A well established industry player with a good reputation, so your account and funds are safe.
Rumors, Lies and DotBig reviews
Deposits are usually verified by the company in less than 30 minutes, but for various reasons, it may take longer. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster. This provides up to £/$/€ 1 million per client additional coverage andapplies to all clients, regardless of which entity they are under.
- Below is an in-depth review regarding DotBig to help you make an informed decision before opening your account or trading on their platform.
- Also have a nice package of trading tools and it’s very nice that I can’t go into negative balance, meaning that I can always withdraw my profits and guarantee a maximum loss.
- DotBig does not charge commissions on forex trading and CFDs.
- Opening an account only takes a few minutes on your phone.
The broker is very professional, regulated, and transparent. There is no perfection and there may be some minor tech glitches from time to time, but 99% of the time, the platform and all of their services are up and running. Client funds are secured, withdrawals are easy and fast. We provide optimal conditions to maximise your trading experience, with the goal of offering the best spreads on the market. We think that the demo accounts are the most useful because they allow you to become familiar with the platform and its features without any risks. DotBig doesn’t have an in-house developed desktop trading platform, it uses the MetaTrader 4 and MetaTrader 5 platforms. On the negative side, DotBig’s product portfolio is slim and its research tools are basic.
DotBig review — A Mans Perspective
The account opening process starts with selecting your country of residence and adding basic personal information, including your name, email address, and password. If the account is not used for over 1 year and there is a remaining balance, a fee of £10 per month will be charged.
The Untold Story on DotBig forex Broker That You Must Read or Be Overlooked
This is definitely the best broker I have ever worked with. Their spreads and commissions are some of the lowest on the market. I am very pleased to be their client and I strongly recommend them. A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers.
These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. We know it’s hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products. We also compared DotBig’s fees with those of two similar brokers we selected, Admirals and FxPro. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of DotBig alternatives.
In 2009, the company landed a weekly slot on CNBC, the popular American news channel. DotBig is regulated by SCB, FCA, CSSF The company’s Negative Protection Balance Policy was set in motion in 2013. What I like the most about it is that this broker is reliable, I have never had any issues, and its quick support. TRADE CFDs on 1000+ instruments, including Forex, Stocks, Indices, Cryptocurrencies with unbeatable spreads and enhanced funds protection.
This is a personalized education session to help you understand the main features of the trading platform. This is a very special service, as individual coaching is not at all common at other brokers. In the sections below, you will find the most relevant fees of DotBig for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.
