Initially, there is a phone number available to call, there are actually a number of different phone numbers, one for the UK, Sweden, Norway, Germany and a global one. There is also a live chat feature and an email to use should you wish to email them directly. As per its website, DotBig is permitted to provide its DotBig forex Broker services within the European Union or European Economic Area due to European Passporting Rights, as the company’s headquarters are in Cyprus. Download the DotBig Trading App today and get instant access to the world’s marketplace. DotBig.com needs to review the security of your connection before proceeding.
All fees are clearly displayed in your account currency and your funds and personal data are fully secure with a regulated broker. It is clear that DotBig is working hard to be a great broker, they are offering very competitive trading environments with good costings. Plenty of assets to choose from so there will always be something to trade and their deposit and withdrawal methods are completely free which is always a bonus. The spreads that you get depend on a few https://www.forextime.com/education/forex-trading-for-beginners different factors, if you have the standard account then the spreads will be starting at 0.7 pips and if you have the premium account they will start from 0.1 pips. The spreads are variable which means they move with the markets and so when the markets are volatile they will be seen a lot higher. Different instruments also have different natural starting spreads, so while EURUSD may start at 0.7 pips, other pairs such as AUDNZD will always start a little higher.
The standard account uses a spread based system that we will look at later in this review. The premium account has an added commission of $35 per million traded or $3.5 per lot traded. Swap charges are also present which is an interest in holding trades overnight, these can be viewed within the trading platform of choice or from within the DotBig website. We’re on a mission to create a unique trading platform designed to cater to traders of all levels, from beginners who have never traded to seasoned pros. We want to create a platform that connects everybody to the world’s financial markets and showcases its potential to them.
Markets where you can trade with DotBig include Forex currency pairs, CFDs on stocks, indices, commodities, metals, and popularcryptocurrencies with Ripple, Ethereum, Litecoin, Bitcoin, etc. DotBig broker also offers you hundreds of trading instruments with lucrative terms and conditions. Therefore, whether you’re a beginner or an experienced trader, we recommend you to trade with DotBig.
Forex.Academy is a free news and research website, offering educational information to those who are interested in Forex trading. Forex Academy is among the trading communities’ largest online sources for news, reviews, and analysis on currencies, cryptocurrencies, commodities, metals, and indices. However, third party payment service providers might charge fees. The minimum withdrawal amount is €50 or the equivalent to the client’s account currency. It is straightforward and easy to open an account with DotBig.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The DotBig trading app gives DotBig forex you over 950+ instruments to trade with CFDs and offers instant access to the world’s most popular shares, indices, commodities, cryptocurrencies and fx pairs. Choose from a range of instruments, from traditional assets like gold, EURUSD and S&P 500, to popular shares like Facebook, Tesla, Moderna, Alibaba and many others.
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The brand is reputable and there are no reports of any wrongdoing in the past. In fact, the company is under Scandinavian ownership, as it was founded by Andre Lavold, Henrik Pearsson Ekdahl and Mikael Riese Harstad, all active in the tech sector. It was previously known as Finovel Cyprus before rebranding as DotBig.
The DotBig broker offers both a standard account with zero Commission and low spread, and a Premium account based on fast execution, fixed Commission and a spread of 0.1 pips. By opening a single account, you can use any platform of your choice, including MT4, cTrader, and DotBig Trader. I am very impressed with Hack West and his team, some months ago I was frustrated with the steady dump of crypto and I decided to invest my crypto asset, little did I know I was making a gravy mistake. I invested my 4.9BTC and 105 Litecoin into a crypto telegram group that promised to be paying 35% of my total investment per month. Long story short, it was a shitty scam; I was always asked to deposit more before I can be able to withdraw my money. Thank God for writeme .com who didn’t just recover all my money but also assisted to review their personal info and location.
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Access all the right tools and features you need to analyse and ace your trading, with industry-leading execution time of 0.05 seconds on average. DotBig https://en.wikipedia.org/wiki/Foreign_exchange_market integrated with MetaTrader 4, which is the most established trading platform in the world due to its global support and unparalleled customisation options.