DotBig review

The broker maintained a balanced trading proposal with over 800 instruments and availability of the popular and powerful trading software including MT4 and cTrader. Besides, DotBig developed its own software DotBig Trader so the technical solutions stand on a good level, where conditions are transparent and allowing traders to focus on performance.

DotBig review

The biggest advantage of DotBig’s app is that charts can be populated with several indicators at a time without distorting their general outlook. Trading apps typically struggle to illustrate complex and detailed charts on low-resolution smartphones, but this is not as big of an issue in this case. Traders can also enhance their positions with trailing stop orders or fixed stop losses to lessen the underlying risk.

DotBig Limited’s licensing by the Cyprus Securities and Exchange Commission means that the entity complies with all European regulations. DotBig’s other entity – DotBig Seychelles Limited – is licensed by Seychelles’ FSA, representing a rather looser overseas regulation.

The Main Element To DotBig reviews

Our goal is to give you the best information possible on how online trading works. No information or other content on this site should be considered as strategic investment advice. It is straightforward and easy to open an account with DotBig. The first step is to click on the link below and sign up by providing your personal details. After that, the next step if uploading your ID documents to verify your ID, which is part of regulatory requirements. Should you choose to do so, you can use BankID to verify that for you. The final step is loading your account with funds and start making trades.

Step 2 – You will also have to state your employment history and trading and investing experience. This is done to qualify you either as a retail or professional trader. In a nutshell, leverage is the determinant of your overall market exposure. When you trade Contracts for Difference or CFDs, you are trading on margin provided by your broker. Essentially, the broker lends you margin via the leverage so that you can open bigger positions. The leverage multiplies the profits you generate from your winning trades.

We review online brokers, provide tips and guides to trading, as well as news on the latest developments in the industry. Although the broker has three offices they only have 35 employees according to its website. It is not really a big number and makes us wonder if it is enough to provide a good service and assistance to the customers. Apart from these, DotBig does not provide any more information about itself. Probably just because it is just established and yet has nothing to say. There is also a lack of DotBig opinions or reviews made by the customers. Hence it is yet too early to say how satisfied or unsatisfied they are with the service of the broker and the trading experience.

DotBig Con’s

Typically trading platforms offer a demonstration account to allow potential users to become familiar with how stock trading works, without having to risk any real money. DotBig’s demo account is identical to a their real account, and they have made sure that all of the many different aspects of online trading are included in this demonstration. DotBig provides these demos accounts with virtual balances so new users do not have to worry about signing up for their premium account when they are not sure this platform is for them.

DotBig review

You can trade and invest, either with 100% leverage for cryptocurrency CFDs or without any leverage. On a standard account, the spreads are already built and it starts at 0.7 pips, while dotbig testimonials the typical EUR/USD pair fees is about 1 pip. It offers interbank spreads that start at 0.1 pip and has a commission fee of $35 per million traded, which is also quite competitive.

Things You Will in Contrast To About DotBig reviews And Things You’ll

The applications mirror the browser-based platform, allowing for seamless movement between devices and desktops. DotBig offers easy-to-use functionalities such as push notifications, which help you, stay up to date with market changes and updates. With a minimum starting deposit of 100 EUR, DotBig’s Standard account is more suitable for novice and small retail traders. And with spreads starting from 0.7 pips, their costs will be low to average.

DotBig review – Can it be a Scam?

For any serious forex broker, the need for MT4 is no getting around… In order to download MetaTrader 4 thorugh DotBig, you must click on “Add Account” and choose MT4 as the platform. DotBig cTrader is fully integrated with DotBig Trader, and offers more advanced features such as trailing stop-loss, algorithmic trading, advanced orders and much more. With this account type, you can trade cryptos and stocks without any leverage, i.e. the default leverage is set to X1. Corporate accounts under the CySEC regulation can also apply for professional status. It’s a zero commission account available on DotBig Trader and DotBig cTrader, with spreads from 0.7 pips.

Supported Devices

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. DotBig has four different platforms to trade on, the standard web platform, cTrader, DotBig copy, and Metatrader 4. The web trader interface is great for beginners and it features charts from Tradingview and real stop loss and take profit orders that are easy to use. The other platforms are more suited for experienced traders and both have complex tools and order selections. Between 74%-89% of retail investor accounts lose money when trading CFDs. As we have found in our review of DotBig forex broker, there are multiple payment methods available on its website. All deposits are executed instantly, whereas withdrawals take a maximum of 1 day.

Alongside writing and editing, Marko works on projects related to online technology and digital marketing. The Cyprus entity was officially incorporated in 2017 with the CySec license approved in 2018. In 2019, DotBig launched in Sweden, Norway, the UK, Germany, and other EEA member countries later in the year. The DotBig mobile app is available to download from the iOS App Store and Google Play Store. You can create custom trade indicators by writing scripts and integrating them into MT4. MT4only allows nine time-frames for viewing price charts, as opposed to cTrader’s 20+.

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