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DotBig Review Is It Safe?

Декабрь 20th, 2021    •  by John752604    •   No Comments »

All withdrawals take about 24 hours to be processed, and there are no fees involved. DotBig makes money on the spread (also known as the bid-ask spread) between the buy price and the sell price on every trade, just like all brokers. Unlike most other brokers, DotBig chooses not to charge other fees such as trade commissions, withdrawal fees, and inactivity fees. Every trading platform charges overnight fees on leveraged trades , and because DotBig’s overnight fees are some of the lowest in the industry, it’s also a great choice if you choose to make leveraged trades. The DotBig desktop trading platform and mobile app combine beauty and power in a single package. I appreciate how easy the app makes mobile trading, while still knowing I can make complex trades in the web platform any time I need to.

DotBig reviews

Buying shares at DotBig TV is also very simple and straightforward. All that the users https://en.wikipedia.org/wiki/Foreign_exchange_market need to do is, open a stocks account and get verified with a reliable share dealing broker.

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As we prepared our DotBig review we discovered that there’s much more to the site than you might expect at first glance. As part of our DotBig review, we checked out the site’s certification, to make sure it’s a secure platform to conduct financial trades.

To open a DotBig account, go to their official website or download the mobile app and fill out a registration form you’ll be asked to provide personal information . You’ll have access to a genuine account in the currency you picked at registration and a demo account once you finish the registration process.

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There are dark and light modes to adjust the feel of the screen and everything a trader needs is cleanly laid out and easily visible. We particularly liked the ‘Trade’ section of the site which gives users full visibility of every aspect of their planned and open trades. The simple ‘Close at loss’ and ‘Close at profit’ toggles reveal the exact points at where a trade will be closed out.

  • DotBig has good charting tools.The charts are easy to edit and you can use a lot of technical indicators.
  • Aside from an inactivity fee of 15 euros per month for each live account with no trading activities.
  • DotBig also guides its users to learn the art of trading through feedback, video lecture courses, and their AI-based approach.
  • The broker is also a member of the Financial Services Compensation Scheme and the Investor Compensation Fund and is audited by the accounting heavyweight Deloitte — this applies to retail clients only.
  • We’re happy to hear about your positive experience and that you are satisfied with your account manager, our support team and the withdrawals.

In this DotBig review, we’ll dive deep into every aspect of the trading platform, including its fee structure, the asset classes you can trade, customer support, and more. 81.40% of retail investor accounts lose money when trading CFDs with this provider. Overall, DotBig is a global brokerage company with a well-established customer-oriented operation, secure, DotBig forex Broker well-regulated trading environment suitable for almost every demand. The services and products are tailored to specific requirements while bringing a comprehensive range of clients’ accounts, platforms, tools, and instruments with the ability to choose a suitable strategy. With DotBig you can choose from 3 account types, which are Standard, Plus, and Premier.

DotBig review is constantly working on the online broker representatives to obtain the latest pricing data. Apart from imparting its users’ huge access to the world’s biggest crypto markets, the following factors available with online brokers attract more customers.

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The charts are easy to read and customisable – traders can choose candlestick, bar, area, Heikin-Ashi or line charts. They then have the use of a diverse range of drawing tools, including Fibonacci retracements and trend lines to identify major support and resistance levels.

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Our DotBig review also discovered that exclusive webinars and how-to guides help to expand your knowledge of trading, making it more likely you’ll achieve the results you’re hoping for. Traders can also set stop-loss limits to protect their funds if they wish, so you can adjust your trading style to suit your personal risk profile. The site has been featured in several leading publications, including The Guardian and City AM, two leading UK newspapers, giving added reassurance that this is a well-respected and trustworthy trading platform. Just to be clear, our DotBig review uncovered the fact that this is a CFD trading platform, so you can’t buy and sell cryptocurrencies.

After our documentation had been submitted, we could fund our accounts and start trading immediately. Yes, DotBig is a safe broker for British traders to trade with. It maintains regulation DotBig reviews from the world’s top regulators, including the UK’s FCA, ASIC of Australia, CySEC in Cyprus, and the NBRB of Belarus. FXScouts has been the UK’s most trusted Forex broker review site since 2019.

When trading volumes are high and thousands of trades are being placed each minute, these micropayments add up to significant sums of money for the broker. For the trader, this is the cost of doing business and using a trading platform like DotBig.

Appreciate the opportunity to go long or short on a wide range of markets including forex, shares, commodities, and indices with leverage and tight spreads. However, leverage and CFDs are complex and have a high risk of losing money.

If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee. In the sections below, you will find the most relevant fees of DotBig for each asset class.