DotBig Forex Broker Review
DotBig is an international broker founded in 2003. The company positions itself as a universal platform for active and passive trading. The broker provides services for social and automated trading.
Flexible conditions of the DotBig broker allow you to trade on Forex with any level of initial capital. A well-thought-out training system includes courses on learning trading from scratch and in-depth programs to improve your investment skills. Managers will help you choose the best conditions. Novice investors have the opportunity to use the services of a personal analyst.
The company regularly updates the analytical section with reviews of popular assets and news. The broker’s clients have the opportunity to follow the current events of the Forex market not only on the website, but also in DotBig social networks.
Personal account overview
DotBig ltd provides access to trading platforms only to registered clients. Authorization on the broker’s website is carried out in several stages:
Filling out an open registration form. You can leave contacts on the main page of the site, after which the manager will contact you to provide further instructions.
Passing verification. At this stage, each new client of DotBig ltd provides a photo or scans of documents (passport / driver’s license) for identification. To confirm the address of actual residence, the broker asks for a copy of a utility bill or a bank statement, with a limitation period of no more than 6 months. If a card is used to replenish the deposit, you must additionally indicate 12 digits of its number and 3 digits of the CVV code.
After registration, a new DotBig ltd client will receive a login and password to enter their personal account. The trader can independently change this data in his personal account.
When registering, you must provide your real name, which is indicated in a personal document. After verification, changing the address of residence, phone number, e-mail and other personal data in the account is possible only through the manager of the technical support service. To delete an active trading account, you need to contact support
Leverage
To increase potential profits, DotBig Forex broker clients can use leverage. This indicator at the broker is 1:400. Such financial leverage is considered optimal for working in volatile financial markets.
Financial instruments
One of the advantages of DotBig is the wide variety of assets. The company’s clients can invest in stocks, Forex, CFDs, ETFs, commodities, indices. DotBig positions itself as a modern broker, therefore it provides access to cryptocurrency trading.
Services for online trading
Having a social trading platform allows DotBig company clients to replicate the profitable trades of other successful investors. Active market players can get into the rating in the service for automatic trading. In this case, they will receive a separate fee when their trades are copied by other traders.
Depositing funds
When registering on the DotBig broker website, it is not necessary to replenish the deposit immediately. Each trader has the opportunity to test the trading platform in demo mode by placing bets with virtual money. After testing the DotBig website on a demo account, you can replenish a deposit for trading on real financial markets.
To deposit funds, you can use:
- credit/ debit card withdrawal: Visa, MasterCard, Maestro;
- bank transfer;
- payment systems: Transferwise, PayPal, Qiwi, Webmoney, YooMoney;
- crypto currencies.
DotBig does not charge a commission when replenishing a deposit. Money is credited to the account instantly through a card or electronic systems. When using a bank transfer, the term for transferring funds to a deposit may take from 1 hour to 3 days. Dotbig testimonials mentions this as a platform advantage.
Withdrawals
Withdrawal of funds is possible using the same methods that are used to replenish the deposit. Broker DotBig ltd charges a commission for withdrawing money from the account. Its size depends on the type of account and the selected transfer method. When withdrawing funds to a card, the commission will be from 0 to 3.5%.
The term of the transaction in this case usually takes up to 4 days. When using a bank transfer, the fee will be €35. In the case of withdrawal of funds through a bank, the money arrives in the account within 10 working days.
Advantages/disadvantages of a broker/
- Negative balance protection.
- Possibility of passive trading on a copytrading platform.
- 24/7 technical support service.
- Multilingual support.
- Ability to use individual trading strategies and advisors.
Dotbig testimonials other resources
There are many positive reviews about the DotBig company, mostly positive. Users note the extensive functionality of the site, which is good news. But the best part is the amount of assets to invest, which are countless.
Conclusions
A dotbig.com review of conditions showed that the broker can be considered universal for trading various assets. The company’s clients can choose suitable trading conditions, taking into account their strategy, trading volume, initial investment amount. Managers accompany novice market players at all stages of cooperation, from registration to the start of trading.