DotBig LTD, which was started almost 20 years ago, has managed to gain a stable base of loyal customers over these years. By offering multiple assets, DotBig appeals to different groups of traders. Today, in this review, we will try to figure out whether it’s relevant to list the DotBig company in the range of the best European trading platforms.
What We Like vs What We Dislike
- a rich list of financial instruments;
- robust tools for technical analyses;
- tight spreads;
- prompt answers from support managers;
- easy-to-navigate website and trading platform;
- wide selection of educational materials.
- additional expenditures because of fees;
- no cent and binary options;
- very complicated verification procedure;
- only for active traders.
What Traders Say
When you choose an online service for trading, safety is the very first characteristic you must pay attention to. The simplest way to figure out if the broker is legit is to check out its legal information. The trusted company must be transparent to its clients. This is what we saw when studying the DotBig forex broker.
The additional way to clarify whether the company is reliable is to find out if the clients trust it. In DotBig testimonials, we’ve found some complaints about trading conditions or tools, but there were very few concerns about the legitimacy of the company. We’ve looked through almost all real DotBig testimonials we’ve found and we didn’t notice the tendency of clients writing about long transactions, poor support, etc.
You may do this on your own. Here are just the average scores of DotBig LTD on the most popular platform for reviews
- Proven Expert - 5
- Reviews.io - 4.46
- Trustpilot - 4.4
- Mamma.com - 4
- Sitejabber - 4
- Indeed - 3.8
What to Trade
Before you can start online trading, you have to complete the verification procedure. Although many traders complain about it, this is a necessary measure that secures other clients of the company and the business itself from being involved in money laundering or other financial crimes.
When you verify your personal account, you can start trading
- Venture investments
Venture investments is something new for the brokerage service. DotBig LTD offers you the possibility to make a long-term investment. This might be a risky move and casual traders prefer working from a short-time perspective. But if you invest in a project that will become a hit, the return will be worth the effort.
What to Open
You can start with a demo account. Contact a manager and request the demo account activation because this will enrich you with a real trading experience at no cost. Then, when you feel you are ready, you can open a Basic account by depositing $250. It’s will provide you with commission-free access to all the available markets.
The Standard Account is rather for experienced traders. By paying $2,500 as a minimum deposit, you become free from the obligation to pay withdrawal commissions. This perk might be used once a month.
The Silver Account is for businesses or professional traders. Company specialists will work with you and will develop an individual trading strategy. Plus, there are three unpaid withdrawals per month. Owners of Platinum accounts get all the perks mentioned above and also receive a 10% of swap return. The account minimum here is $10,000.
What to Pay
You don’t pay for access to trading platforms and tools, but you do pay for making withdrawals. Depositing and withdrawing can be made via credit or debit cards, electronic wallets such as PayPal, or crypto wallets. For transferring money to such types of accounts, you pay a 3.5% fee. If you prefer a bank transfer, you’ll be charged 35 Euro per withdrawal.
DotBig isn’t an option for eventual traders who are just looking for a way to make an extra income. If you aren’t active on the markets, the broker will charge inactivity fees from your balance.
What to Use
Similar to many other brokerage companies, DotBig offers its clients access to MetaTrader5. For those who prefer trading via browser-based terminals, there is the DotBig web forex trading platform. It’s notable for the diversity of useful tools for technical trading that are accessed at no cost. Charts, calendars, and quotes are all good but DotBig is famous for its trading signals. These are special robo-advisors that suggest to users when to make deals.
Automated trading might be performed via the social trading platform as well. You just copy deals of active and experienced traders, benefit from their strategies, and pay some commissions for this possibility to make profits.
To sum it up, DotBig is good for beginners, but not for those who aren’t going to trade regularly. Inactivity and withdrawals fees may discourage you from trading there, but you should pay attention to assets because they are to bring profits. Remember about constant self-development. DotBig has all the necessary things for education and growth in trading.