DotBig has an extensive list of Frequently Asked Questions you can browse through in order to find your answers. However, if you cannot find the answer you’re looking for, you can contact customer service through email. You will also be required to comply with various KYC regulations that require https://www.tdameritrade.com/investment-products/forex-trading.html you to verify your identity using your ID, Address, and Tax ID Number. Once you have complied with these requirements, you will be allowed to begin depositing funds into your account. The DotBig mobile trading app currently has 4.3 stars ratings on both the iOS and Android app stores.
- You will find awell-designed economic calendar and market analyses prepared by DotBig’s research team.
- DotBig also helps you to keep an eye on your profits and losses by offering a plethora of risk management tools.
- DotBig offers a very professional trading platform with a range of settings for each trading style.
- The platform is user-friendly, customizable, and is available in 30 languages.
- Their demo account, which doesn’t come with any time limits, is just one of them.
In essence, it’s quite impossible to participate in long-term trading or hodling on such a site, since you don’t even receive or own the asset, in the first place. Well, naturally, you could do it long-term, but the risk would always remain substantial, nonetheless. As noted earlier in the article, DotBig is a CFD trading broker. The platform in question is rather unique as far as crypto trading and exchange sites go. Being listed on a stock exchange, publishing financial statements and being regulated by a top-tier authority like the FCA are all great signs for DotBig’s reliability.
Trading options at DotBig
DotBig offers this incentive to lure in more first-time deposits. This is when investors usually go DotBig reviews for the highest amount even though many fail to build their regular trading CFDs account schedule.
It is important to note, each method has its own minimum deposit requirement too. DotBig Fees are ranked average with an overall rating of 8.9 out of 10 based on our testing and compared to over 500 other brokers.
Living, Death and DotBig review
The mobile application is therefore a strong point in our review of the DotBig platform. On DotBig you can also trade with the mobile application they offer. The mobile application is less extensive than the WebTrader. Nevertheless, it is useful to also install the mobile application.
It is seen from a DotBig review that this financial services provider offers customer support 24/7. This is exceptional, as most brokers offer 24/5 services. The UK subsidiary DotBigUK Ltd and the Australian branch DotBigAU Pty and those in other locations also provide around-the-clock service without a break. The website of DotBig covers thirty-two languages, and customer support through live chat and DotBig review email is equally multi-lingual. Before trading CFDs, the account opened must be funded with a minimum deposit through bank wires, credit or debit cards, and PayPal as per the trading platform’s details. The minimum deposit required is 100 units of the currency that the account is linked with. The same method is followed for withdrawals, too, and is in tune with the industry standards set by other brokers.
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You have the option to create an account with Facebook, Email, or your Apple ID. With DotBig, you can also trade cryptocurrencies , although in the form of CFD products. For this purpose, an exchange wallet has now been incorporated into the platform. Educational materials, and even security measures to help https://www.dukascopy.com/swiss/english/forex/trading/ newcomers. This helps them learn but also keeps them safe from risking funds they cannot afford. Charting tools to analyze the market, plan strategies, and dig into the history of an asset. The downside is the lack of API access means you cannot use your own elaborate tools to make automated use of the data.
Deposit fees and options
In the review, we therefore give DotBig a positive rating for opening an account. For our 2022 Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research. DotBig does not offer an extensive array of educational content for traders when compared to education leaders such as City Index, IG, or CMC Markets. That being said, DotBig has made significant progress in the education category with the launch of its Trading Academy, which includes video content, webinars, and written articles. DotBig’s web platform and mobile app feature robust charting, with a consistent experience across devices.
The Trustpilot Experience
The broker is regulated by several financial authorities globally, including the UK’s FCA, and is listed on the London Stock Exchange. If you are not from the UK, you will most likely be served by regulators from other countries where different investor protection rules may apply. DotBig is no doubt a reliablebroker that works with CFD and forex. As per the DotBig review, this platform is recommended for traders who are aware of the uncertainties of CFD trading. The biggest advantage is the inactivity fee hits after three months.
As a market maker, the broker tends to charge these spreads. The spreads are the differences between the cost of a CFD asset https://www.DotBig.com/en-US/Trading/Forex you bought and the price you sold the same asset. DotBig doesn’t charge most of the fees particularly to some brokers.
These are all good indications that DotBig is reliable and we have come to that conclusion ourselves. It is recommended to contact customer service via live chat. You can use the live chat button within the DotBig WebTrader.
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The security of DotBig online trading platform is further fortified by its policy designed on the lines of the UK’s client money rules. If the company ever becomes insolvent, clients’ trading money will be protected. Even if DotBig defaults, a shortfall of funds to the extent of £85,000 will be compensated under the Financial Services Compensation Scheme. The platform itself offers great charting tools alongside with economic calendar, a built-in news feed, and alert systems which are useful.