DotBig LTD is a worldwide company with clients from the US, Europe, India, Canada, and other countries and provides access to the online trading platform. DotBig was founded in 2003. Since that time, the brokerage has increased its base of loyal clients. From this guide, you will find out the major reasons why more and more people sign up on the DotBig forex broker website.
A broker might be considered legit when it has an official regulator and doesn’t take part in scandals related to the safety of clients’ funds. The DotBig company is officially registered at St. Vincent and Grenadines. It implements strong anti-money laundering policies that prevent this business from being involved in illegal actions.
That is why all the concerns mentioned by traders in DotBig testimonials are related to trading peculiarities but not to the safety and transparency of the company. We’ve studied a lot of reviews about dotbig.com and found out that 3.8 is the lowest average score (data from Indeed).
Jon Cale from Mamma.com considers the broker safe because of prompt answers by support managers to any question. The user says that there are no problems with this broker and all the withdrawals are executed without delays or other issues.
A lot of clients trade on the DotBig forex broker because this is a multi-asset company that requires no trading costs. When you create a personal account, you can freely access the following markets:
- Venture investments
It’s worth mentioning that over the passing years, the DotBig company has made a lot of improvements in terms of better access to crypto markets. Now, traders can take benefit from investing in 659 digital assets. Fees for trading cryptos aren’t charged because they are included in spreads. The average spread for crypto here starts from 1.5-1.7 pips.
The ranges of available commodities and indices aren’t as rich but the trading conditions appeal to investors. They can invest in 6 commodities and 13 indices. The leverage is the same – 1:000. The average spread is higher than across the other products of the broker – starting from 2.2 pips.
|Trading Account||Account Minimum||Features|
|Basic||$250||free training materials|
If you are a complete beginner in forex trading, start from a demo account. It will help to master your skills in online trading. Islamic users can open a swap-free account and investors can work with the PAMM services.
Perks and Costs
Although DotBig LTD charges no trading costs, the broker cannot be considered completely free. Firstly, many DotBig testimonials are disappointed with the high account minimum, compared to many modern brokers. Then, unlike many online trading platforms, it charges a commission for withdrawal. Clients pay 3.5% of their withdrawals every time they transfer money from the accounts. If they use bank transfer, the price is 35 Euro per transaction.
New clients can claim a welcome bonus of 10% for the first deposit. The broker doesn’t display any additional information about promotional or affiliate programs. If you are interested in them, contact the company.
1177 6th Ave, 6th floor
New York, New York (NY) 10036
United States of America
+1 (0) 800-716-6855
+44 (0) 800 046 5677
DotBig is a very good option in terms of convenient online trading. If you have some experience working via MetaTrader5, you can trade DotBig assets through this terminal. If you prefer trading on a web terminal, use DotBig Web. All the tools for technical trading are free. Use charting lists, quotes, economic calendars, trading journals and others. Unfortunately, here you cannot use any services to monitor the news, you have to look for third-party providers.
If you don’t have time and trading skills to perform deep financial analyses, use services for automated trading. The platform features state-of-the-art robo-advisors and a platform for social trading.
Pros & Cons
- multi-asset company;
- free access to analytical tools;
- protection against losses;
- no need to download trading platform;
- the social trading platform is available;
- trading at no cost;
- free training programs.
- high account minimum;
- inactivity and withdrawal fees;
- poor research tools.
Major disadvantages mentioned in the majority of DotBig testimonials have poor relation to trading conditions or the legitimacy of the broker. Even if you are a beginner, you can learn trading with the help of this broker and learn how to make regular profits by trading multiple assets.