Last Updated — 21st Mar, 2023
DotBig Ltd Review: Getting Started with the BrokerDotBig company was started in 2003. Its current registration is Suite 305, Griffith Corporate Center, Kingstown, St. Vincent, and Grenadines. The broker is registered as a limited liability company under the number 26350 BC 2021. It’s available for traders from Canada, India, Nigeria, Pakistan, Qatar, South Africa, and many other countries but it’s known as one of the best brokers for European clients.
Contacts of the broker:
Why trade and not trade with DotBig
In their DotBig testimonials, clients specify the number of considerable advantages of the broker. Among the most prominent features are the following ones:
- the ability to access various markets;
- 90% accurate trading signals;
- transparent conditions of the client agreement;
- the strict procedure of verification;
- a diversity of tradable instruments;
- a stop-loss feature
All the mentioned advantages are related to trading. But this company has one more distinct advantage – it’s a reliable employer in the trading market. It provides jobs in India, London, South Africa, and many other places where trading specialists or managers can work remotely.
Despite having many advantages, the DotBig forex broker also features some negative characteristics.
- no license from a reliable regulatory body;
- withdrawal limits;
- no cent account.
Registration and personal account
You can start making money from online trading only when you complete registration on the DotBig Forex Broker website. The procedure consists of a few simple steps:
- Visit the website.
- Click the Registration button.
- Fill up the registration form.
- Wait for further instructions to be sent to your email address. In these instructions, you will be explained what personal data to provide in order to verify your identity.
- Wait until the verification is confirmed.
- Make your first deposit.
When you have your personal account created you can choose the type of account to trade, manage your financial operation, contact managers for help 24/7, and manage your assets and portfolio of investments.
If you read reviews about dotbig.com, you will find out that the broker doesn’t provide a cent account. It would be a huge benefit for beginners because this way they could gain real experience in online trading without depositing too much money. Luckily, they can trade on a demo account, which provides the same trading conditions but doesn’t charge deposits. In order to open a demo account, contact your personal manager.
Available account types:
- basic ($100): training program;
- standard ($2,500): free withdrawal, access to monthly PRO webinars;
- Silver ($10000): accrual of cashback, the selection of an individual trading strategy, the compilation of a personal portfolio;
- platinum ($25,000): the return of swaps up to 10%, free withdrawal 3 times a month.
On DotBig, traders trade with floating spreads starting as low as 1-2 pips. As traders say in their testimonials about DotBig, spreads can increase at nighttime and cause slippage. DotBig ltd also provides beneficial leverage starting from 1:400. These figures seem average in terms of leverage in comparison with other brokers.
The range of tradable instruments includes:
- 71 currency pairs;
- 5 cryptocurrencies;
- 232 shares;
- 200+ CFDs;
- Commodities (gold, oil, etc.)
Trading services and bonuses
DotBig provides its original terminal called DotBig Web to trade on Forex. This terminal provides an extended selection of Forex trading tools such as an economic calendar, timeframes, charts, indicators, and other instruments for analysis.
Beginners should try its platform for social trading. Automated trading services are also available. As many testimonials about DotBig say, its robots provide almost 90% accurate trading signals.
Brokers charge fees for inactive traders. Unfortunately, we couldn’t find information about promotions and bonuses, but the broker has well-established partnership relationships with many businesses and clients may use their promo codes to get discounts on certain services.
Deposits and withdrawals
The minimum required deposit here is $100. Users of the basic account should pay 3.5% fees for making withdrawals. In many DotBig testimonials, clients are disappointed with the limited number of payment services. Clients may use such electronic services as PayPal and Webmoney, bank transfers, transactions via debit or credit cards, and a few crypto wallets.
DotBig has a good image among traders. It provides quality services and 24/7 support, but some clients don’t like the commissions and the limits on minimum withdrawal amounts set for users of a basic account. DotBig company is also a well-established employer that provides remote job vacancies and nice working conditions for trading specialists with appropriate qualifications.
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