The DotBig company has existed since 2003, and during this time the broker has established itself as a reliable one. During its activity, the broker has expanded and become available in many countries of the world, covering thousands of markets.
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Not so long ago, the company began to conduct activities in the currently relevant direction – cryptocurrencies. You can find out more useful information about the broker in DotBig Ltd Review.
Pros and cons of cooperation with DotBig broker
The advantages of the company include the following:
- Suitable for beginners and experienced traders
- Broad Market Coverage
- Wide range of payment methods
- Top-class trading platforms
- Competitive commissions
- Multilingual interface
- Regulated by CySEC
- 24/7 customer support – No FCA license
Of the minuses, the following should be highlighted:
- Not available for selected countries
- No fixed spread account
- The number of trading instruments is very limited
Key features of the broker
DotBig LTD is known to users due to the following features:
- Hedging, scalping
- One-click online trading
- Algo trading strategies
- Negative balance protection
- Advanced financial chart comparison tools and analytics
- Various order types (stop loss, trailing stop, take profit)
- Demo account with virtual funds
- Educational programs, courses, and seminars
Alternatively, you can use the DotBig mobile trader if you want to stay connected to the markets at all times. It is a complete platform suitable for monitoring open positions, account balance, trading history and many other functions.
Reliability & License
In DotBig reviews, it is mentioned that the broker is famous for its high financial security. This means that funds are handled securely.
DotBig has a license that confirms the legal activity of the broker and meets the well-known standard. However, some people remain wary of offshore regulation. However, it should be noted that trading in financial assets can lead to losses. Make sure that you carefully study the strategies and this activity in general in advance.
What is the minimum amount for depositing and withdrawing on DotBig?
For most payment systems (bank transfers, VISA/MasterCard, PayPal, etc.), DotBig forex broker has a minimum withdrawal and deposit amount of 100 USD. But it is recommended to check specifically for the method you want.
In a nutshell, DotBig Cryptocurrency Broker is an online brokerage platform that allows you to buy and sell popular digital currencies such as Bitcoin, Ethereum, and Ripple. The process works the same as a traditional stock broker, in that you will need to open an account, deposit funds, and decide which asset you want to invest in. You will then need to determine how much you want to invest and the broker will make it easy for you to buy.
That said, there are two types of cryptocurrency brokers operating in the online space and the one you choose will depend on your personal requirements. It consists of a cryptocurrency broker that allows you to buy digital currencies in their true form, which means you will then need to store your coins in a private wallet.
Some traders choose to use cryptocurrency brokers that offer CFD products. This allows you to invest in cryptocurrencies without owning the underlying asset, meaning you don’t have to worry about storage. Moreover, CFD brokers allow you to sell cryptocurrencies, so you can assume that the value of the asset will decrease.
Similar to traditional brokers, you will need to pay a commission in order to invest in cryptocurrencies. This usually comes in the form of a commission, which is calculated based on the value of your investment. You must pay this at both ends of your transaction. If you are using a cryptocurrency CFD broker, you will probably be able to trade commission-free. However, you will need to pay a distribution fee.
Cryptocurrency broker DotBig offers its users the following benefits:
- Gives you access to the multi-billion-dollar cryptocurrency scene.
- Many everyday payment methods are supported.
- The ability to short cryptocurrencies through CFDs.
- Cryptocurrency brokers work around the clock and seven days a week.
- Leading platforms allow you to verify your identity in minutes.
- Investment fees are becoming more and more competitive.
- Some cryptocurrency brokers are regulated by the FCA.
But at the same time, do not forget about the following points, namely:
- Cryptocurrencies are a high-risk asset class.
- In recent years, several brokers have been hacked.
How to open an account on the DotBig website?
Go to the main page of DotBig company and click “Register”. Enter the basic personal information in your account (name, email address, phone number) and follow the instructions. The whole process is simple and fast, it only takes a couple of minutes.
For information about opening accounts as legal entities and demo accounts, go to the “Opening a trading account” section.
Review Conclusion: Is dotbig the best forex broker?
DotBig LTD gets a very good user rating. The company has been thoroughly tested, and the broker really offers good conditions. With a large selection of products and trading platforms, the provider is well positioned for online trading and stands out from most competitors. The trading fees are very low and you get fast and direct execution. A bonus program is also highly recommended, which can bring you additional income.
In summary, we can recommend the broker, since no fraud was noticed. Rules, licenses, and sponsorship make the broker a reliable partner. It is a regulated and reliable company that accepts international clients. Offers high leverage, and a huge selection of markets and assets. Also, users can try a free demo account and start trading with a small amount. In addition, professional customer support deserves special attention, which is ready to answer all questions and help solve problems at any time.