I want to add that their trading platform ActivTrader has a very nice design and a wide range of trading tools. I will continue to trade with them in the future. I hope the broker will remain as reliable for many years to come. After our assessment, it features all the critical aspects of a legit broker. As a result, it is one of the best forex brokers for beginners and even professional traders who want a trading account. DotBig is an excellent CFDs and forex broker. The account opening process is quick and easy, the deposits and withdrawals are mostly free, and there are low trading fees.
- DotBig provides its services to a range of institutional and retail traders through multiple platforms such as ActivTrader, MetaTrader 4, and MetaTrader 5.
- Open demo accounts on each platform and compare them.
- Robust broker for beginners and professionals, scalpers and algo traders.
- DotBig Corp is a subsidiary company of DotBig PLC, regulated and authorized by the UK Financial Conduct Authority .
- Well, I guess that it is not only scalpers who will feel happy about tight spreads.
Swap Fees – The broker also charges swap fees for overnight open positions. More than 500 company stocks and shares such as German shares and Japanese shares.
The Idiot’s Guide To DotBig reviews Described
I wish there were more technical stuff, as I’m a technical geek. We are pleased that our trading conditions match your trading interests. We offer our clients a range of DotBig forex Broker financial instruments available for trading. On the downside, its product portfolio is limited to just a few products, as it offers mainly CFDs and forex instruments.
Sure, you can use wire transfer in case of withdrawals and depositing. I believe it’s even better than using services https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work such as paypal. At least, it’s much more convenient for me to transfer money via the banking system.
The minimum deposit is relatively high for a regular new trader. Probably, this is because of the one account type system. There is nothing terrible, but my trading experience was with brokers with multiple accounts, so it is more comfortable for me. On the one hand DotBig has everything to consider it one of the most reliable brokers ever. On the other it’s trading conditions don’t match its safety level. Also I would like to see more payment mechanisms.
The Do’s and Do nots Of DotBig forex Broker
One of the notable features of the DotBig company is negative balance protection. This feature ensures that clients never lose more capital than they initially invested with this company. This means https://www.forex.com/ that losses can never exceed deposits at DotBig. One of the best things about DotBig is its impressive user interface that displays clear and easily navigable features and functions.
60% of DotBig employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated DotBig 3.7 out of 5 for work life balance, 3.3 for culture and values and 3.0 for career opportunities.
The intuitive interface offers a lightning-fast execution speed of 0.4 seconds, which is one of the most notable features of the platform. I came to trading having really small amount of knowledge about markets and forex trading. DotBig persuaded me that I need to learn a lot and offered me to use their educational resources which were of great help for me. What I liked most of all is the fact that the knowledge was very practical and down-to-earth which made it possible for me to implement everything that I’ve learnt.
Top Guide Of DotBig forex
The SmartLines tool enables automation when it comes to the execution of charts based on Trendlines. You do not have to monitor every trend formation and price movement. This tool can help place an order with no time delay as long as you set the price of an instrument of choice and it crosses the trend line. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution.
The Bahamian entity bank transfers have a $9 fee. The platform has average non-trading fees and low trading fees. Additionally, you will not pay any fees when you deposit or withdraw in most cases. DotBig has a fast mobile trading platform that delivers functionality and performance at its best.
Plus a 0.5 pips spread on popular currency pairs is a very generous offer. It depends what is considered by fees in your world.
DotBig are depending on the account type you use but mainly built into a spread. See fee table below with funding fees and non trading fees to be considered. Additionally, STP is a type of NDD broker that defines a trading platform that uses Straight to Process execution without the https://www.forbes.com/advisor/investing/what-is-forex-trading/ involvement of a dealer. NDD is suitable for scalping or other methods, as well as for larger account types. I highly appreciate this company as it offers everything a trader needs for ordinary trading activity. No extra tools, all of the presented here are beneficial and useful.