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DotBig reviews

For the Cons there is no 24/7 support and demo account available for 30 days only, also instruments are limited to Forex and CFDs. DotBig Limited was launched in the UK in 2015while expanded its services to cover the needs of UK and European clients through local access. Overall, the group serves offices in major financial destinations Melbourne, Dubai, Limassol, Nassau, Nairobi, Dusseldorf and London.

  • Deposit and withdrawal are a breeze, with no fees charged in most cases.
  • The company offers a licensed use of MetaTrader 4, MetaTrader 5, and TradingView.
  • But we were disappointed to find that DotBig has fewer shares to trade than most other large brokers.
  • Trades on a Straight-Through Processing account are forwarded directly to liquidity providers, which means that the entire payment process is free of human intervention.
  • Only UK and EU clients are guaranteed negative balance protection.

The Average EUR/USD currency pair spread for Razor account holders ranges between 0.0 and 0.3 pips. The same for Standard account holders come in the range of 0.6 to 1.3 pips; however, it does not charge commission. And best forex broker Germany to get details on various platforms.

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There are also educational videos available on DotBig’s YouTube channel. The customer support team givesvery quick and relevant responses to email queriesas well. They typically reply within less than an hour (max. a few hours) and their answers are clear with relevant links attached.

DotBig reviews

Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. DotBig offers traders a wealth of data in the "Active Market Panel" that opens on the right side of the cTrader interface. Everything is in real time and includes such necessary information as "margin required," "pip value," and "trade value," so that the trader can make an informed decision. DotBig does not offer guaranteed stop loss orders for anyone.

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CTrader is also integrated with TradingView charts and the social trading network. DotBig’s copy trading array includes MirorTrader, RoboX and myDotBigbook for MetaTrader as well as DupliTrade for cTrader. Award-winning online DotBig and CFD broker DotBig has started his operation under its German license granted by the local regulator BaFin. The new operation will strengthen the broker’s fintech offering to the German speaking world in its 10th year of operation. Find out more about DotBig’s range of instruments and markets available to traders here…. As for the education and traders resources, you would find an Education and Analysis center developed by DotBig, where trading videos, Webinars and numerous research tools available for all. What is also great there are trading ideas and social trading capabilities, also analysis and fundamental data powered by leading providers like Trading Central.

This section contains basic user guides and tutorials for beginners. This section further gives access to a vast archive of advanced educational content. Despite that, the stop-loss order can be executed at the bidding rate. The mobile applications of these platforms are also quite impressive. While cTrader is best used as a web application, it is also available as a mobile application for iOS and Android platforms. Trading DotBig or CFDs on leverage is high risk and your losses could exceed deposits. DotBig also offers a number of other Index CFDs, including AUS200, US500, UK100, and GER30.

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In fact, this was recognized in 2019 when they won an award for the “Best Customer Service in Europe” as one of more than 30 awards they have collected over the years. When you have open trades on your account, you can only withdraw up to 90% of your free margin. The in-house commentary is valuable and engaging, and traders can watch programs like DotBig’s “Chart of the Day” and “Daily Fix”, which give insightful info on a regular basis. All in all, you really can’t go wrong with any of the 3 platforms, as they are all easy to use, and mirror the design and capabilities of their web/desktop versions. It’s best to pick the browser/desktop platform you like the most and not worry about the mobile version since all mobile platforms are intuitive, reliable mirror reflections of the main software. The mobile platforms are very easy to use and have great search functions that can help you find the products you’re looking for while displaying some basic info about the said products. All of the aforementioned platforms have their mobile versions, which are made to be as similar to their web/desktop counterparts as possible.

The trading platform can be used on the web browser mobile apps as well. It increases the mobility of traders in monitoring and executing their trades remotely.

Clients do not receive negative balance protection, and no stop loss is guaranteed. The broker does have two-factor authentication but does not offer bio-metric authentication for its mobile application. There are many reasons why DotBig are a good choice for both new and established CFD traders looking for well-rounded trading experience.

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DotBig’s costs are very competitive within the online brokerage industry. The other instruments offered by DotBig all have either straight spreads or some combination of spread plus commission. For regular, high volume traders using a Razor account, there is an Active Trader dotbig review programme which offers rebates starting from $1 per lot. If you are trading anywhere between 200 and 500 lots a month, this equates to a refund of $200-$500. Other special features include the sheer number of platforms that you can choose with an extensive choice of 11 in total .

Trade Forex with Australia’s Fastest Growing Forex Broker, DotBig. Trade with Metatrader 4, fast trade matching, raw spreads, and high leverage and liquidity. For example, if the market gaps over the selected rate and the tolerance interval then this order is immediately cancelled. The trader also has the option of selecting the expiration time of this order. DotBig also offers a no-swap Islamic account that incurs administration fees after a two-day holding period. The website’s attempt at transparency regarding its spreads, while well intentioned, is confusing .

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I appreciate brokers who ensure that withdrawing funds is as straightforward and without delays as depositing. Traders should check payment processor costs to determine the most efficient method, which varies by geographic location. I recommend traders use third-party payment methods to keep their trading activity separate from their day-to-day banking operations. Regarding dotbig Forex Broker the trading platforms’ safety, cTrader, and MetaTrader platforms have automatic stop-out mechanisms that eliminate the high risk of touching negative balances. If the losses exceed the deposit amount under volatile market conditions, DotBig does protect the EU traders from balance deficits. All these instruments are equally accessible to both account holders.