Forex broker Dotbig – Pros and Cons
With the Forex broker DotBig everyone can become a trader. Even if you have no Forex trading experience at all, you can learn it thanks to quality educational materials and dedicated personal managers. You will learn more about the broker from DotBig Ltd Review and be able to draw conclusions about cooperation with this platform.
Legal information
DotBig LTD is an online forex broker registered in Saint Vincent and the Grenadines. The project was launched in 2003. Thus, the broker has been an intermediary between participants in the financial markets for almost 20 years and is included in the Forex broker rating among Russian traders.
The DotBig company has an official website https://dotbig.com/, and reviews about it are extremely positive. There you can read the customer agreement and its terms. The broker also publishes new information on its website. Unfortunately, there are no pages with Forex news, but such information can be found on the broker’s social networks. You can contact the support team by mail or phone.
Account types
When you open your personal account, you need to choose the type of account on which you will trade in Forex and the stock market. DotBig ltd offers the following account types:
Basic. Make a minimum deposit of $100 and you can trade. Owners of this type of account have free access to training programs for beginners.
Standard. Here the minimum deposit is $2,500. Standard account users have access to a free withdrawal once a month, and can also participate in PRO category webinars for free.
Silver. This account is suitable for those who plan to invest on DotBig LTD with a minimum deposit of $10,000. Traders and investors are provided with a personal trading strategy, as well as all the necessary tools for professional investment portfolio management.
Platinum. This account must be funded with a minimum of $25,000. The advantages of the tariff include withdrawing money without commission up to 3 times a month. There is also a swap return of up to 10%.
Demo. You can create a personal account or use a demo account. It is designed for practice because here you do not replenish your account but use virtual funds.
Information for the trader
Forex broker DotBig offers trading tools such as currency pairs, stocks, cryptocurrencies, commodities, indices, ETFs, and CFDs. Most of all, CFDs and shares of international corporations are here – more than 200 assets.
In order not to download the MetaTrader5 platform to your computer, you can use the DotBig Web terminal. Traders note that this is a great option for technical trading. The number of indicators exceeds 50, and there are also charts, time frames, calculators, and calendars.
You can use the services of automatic trading. This is a type of online trading, where special programs help customers. Robots develop signals that tell clients the right moment to trade.
The average spread on DotBig ranges from 1-2 pips. The broker’s clients warn others in their DotBig reviews that the spread can increase dramatically at night, so you need to be prepared for this. Leverage starts at 1:400.
Cryptocurrency on DotBig
The broker offers the possibility of online trading cryptocurrency. In this case, the minimum deposit amount is $100. Moreover, money can be made via a card, bank transfer, Bitcoin, Ethereum, Paypal, Webmoney, and other payment systems.
The number of cryptocurrencies available is over 600 assets. These are not only cryptocurrencies but also currency pairs, NFTs, and other assets associated with the crypto.
Broker reputation
The Forex broker DotBig has one big drawback – the lack of authoritative regulation. In spite of this, the company has a good reputation among customers. This is clearly seen from their DotBig reviews. On the Trustpilot website, for example, the broker has a 4.4/5 rating. Typical customer reviews are mostly positive, mentioning the opportunity to start with a small investment.
Deposits and withdrawal of funds
When replenishing a deposit in the amount of 100 dollars, no commission is charged. When withdrawing funds, up to 3.5% is charged. In addition, you will not be able to withdraw less than $ 50, since the broker has restrictions on the minimum withdrawal. You can use many payment systems and conduct transactions in cryptocurrency. The broker offers a unique opportunity – to open a DotBig crypto card, where you can store digital currencies, as well as replenish your account and withdraw profits in cryptocurrencies.
✅ Pros of DotBig broker
- Access to many account types and financial instruments.
- accurate signals.
- Rigorous verification of all traders.
- Negative Balance Protection.
- Favorable trading terms.
❌ Cons of DotBig broker
- Frequent delays when withdrawing large sums through the bank.
Conclusion
The well-known broker Dotbig is a company with an excellent reputation and quality service, which regularly occupies high positions in authoritative ratings. Investors are offered a modern trading platform with a solid set of tools. A variety of assets allows beginners and professional traders to secure investments by diversifying risks. Negative balance protection is provided. A number of clients talk about delays when withdrawing large amounts. Trading is carried out on the professional MetaTrader 5 platform. A mobile application is also available to users. The built-in news service makes it easy to trade and make the right decisions.
DotBig ltd is suitable for those who have minimal Forex trading experience. The site has a lot of educational materials, there is access to a demo account, and responsible personal managers will help you gain experience and start earning real money even with minimal investment in trading.
You can view the current options for contacting support specialists by going to the “Contacts” section. For the convenience of investors, the broker’s official channels are implemented in all popular social networks. You can ask technical support questions and follow the latest company news on Instagram, Twitter, Facebook, LinkedIn.
