It seems to me that this broker does really lots of things for traders’ education. Leverage size is divided depending on trading platform. Thus, choice of trading platform will affect trading conditions. The high entry threshold does mean that the broker is concerned about the reputation.
Just take a look at proprietary software and you will understand what I am talking about. Various branded add-ons and indicators are very effective and easy to use. In addition to ActivTrader, the broker also offers classic MT4 and MT5 trading platforms. https://www.forbes.com/advisor/investing/what-is-forex-trading/ Both of these trading platforms are already well known in the trading community and do not need additional introduction. The broker offers an amazing selection of CFDs on shares of more than 3,000 American, British and European companies.
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SO, there is a feeling that you are being cheated. Now I have the full information about all the fees and charges and I can act according to my plan. With DotBig tools people developing working trading strategies and make money. DotBig are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority . Any payments funded to DotBig accounts by traders are held in a segregated bank account. For added security DotBig use tier-1 banks for this.
In addition, there are more than 300 ETFs available, which is much more than most other Forex brokers. As for the account types, DotBig has a standard individual account, a professional account, a swap-free account for Muslim traders, as well as a free demo account. As a professional account holder, you can apply for increased leverage. Professional account holders may not be entitled to some benefits that individual account holders have. For example, you will not get the same fund protection as you are considered a professional trader.
Brokers By Licenses
I would say that it has a bit more advantages than flaws. Let’s start with the minimum sum of money for depositing. Guys, only 10-15% of new traders have this sum to deposit. The average email response time is one of the fastest in the industry, clocking in at just 27 minutes. A survey showed that the overall customer experience with DotBig was rated good or excellent by 9/10 of clients whilst 95% would recommend them to others. Islamic swap-free accounts that comply with Sharia law are also available upon request.
- They also offer the ever popular MetaTrader 4 and MetaTrader 5 platforms.
- There is a built-in economic news calendar which makes it easy to follow the news and assist you with your fundamental analysis.
- This is significant because the entity affects your investor protection, and products and fees may also be different.
- DotBig PLC is authorised and regulated by the Financial Conduct Authority in the United Kingdom .
- And I didn’t need any special knowledge to get started.
I don’t know why the broker decided to use such leverage. But the broker makes up for it in many other ways. As for advertisement campaigns, then many companies DotBig reviews in our field bother about running them. The focus here is not only on attracting new customers, but also on giving them unique solutions to ordinary things.
A trouble-free broker
MT5 lets you trade on a great choice of 21 timeframes and 8 order types as well as one click trading. You can set price alerts to notify you when a specific level is reached and use trailing stops to lock in profit and try to maximum the potential of each trade. Account trading statements are integrated which is handy to track your results. The MQL market place is accessible from within the platform and has a variety of third-party signals, EAs and indicators to choose from.
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You cannot look up, for example, historical US inflation data. Cryptocurrency CFDs are also available, but only for those under the Bahamas-regulated entity. DotBig’s desktop trading platform hasgreat customizability.It is easy to https://www.cmcmarkets.com/en/learn-forex/what-is-forex change the size and position of the tabs. The web trading platform is available in Arabic, Bulgarian, Chinese, English, French, German, Italian, Portuguese, Russian and Spanish. How long does it take to withdraw money from DotBig?
Mobile trading platform
In general, DotBig spreads are quite narrow, although they are not among the best in the industry. Except for CFDs on shares, assets are traded without commission in accordance with the STP model.
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When you make a trade, first you need to choose the asset that you want. Then, analyze the asset you selected and make a forecast of the price movement.
Is DotBig a con?
DotBig mobile gives simplicity and brings freedom to the trader’s hands and making a better trading experience. MetaTrader 4 and MetaTrader 5 are the most popular platforms that are being used by traders for mobile trading, but the ActivTrader platform https://www.forextime.com/education/forex-trading-for-beginners has also mobile trading capacity. This DotBig mobile trading app is available on GooglePlay and in AppStore . DotBig’ SmartOrderis a developed application by the firm. It extends and enhances the functions of the MetaTrader 4 and 5 platforms.
