You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. One of the key stand-outs for DotBig is their bespoke WebTrader platform. Market Masters—this tool grants you access to essential forex trading tutorial videos, an introduction to fundamental and technical analysis and more. You also need to have a live trading account with at least $500 to access the complete 100+ tutorial videos. Economic Calendar—by updating you with news and events impacting the global markets, the economic calendar puts you in a better position to make more informed decisions in your daily trades.
DotBig offers forex traders with a free news blog for forex news on the official DotBig website. DotBig is an award-winning, regulated Forex and CFD broker, offering fast and easy market access, precision trading, and lightning-fast execution.As a leading broker, we always look to innovate and take… Also DotBig’ client funds are held in a segregated account with NAB to guarantee maximum security. In addition, clients’ accounts have negative balance protection guaranteed that the negative balance doesn’t result from trade abuse.
The customer support team can also assist users remotely through TeamViewer. Featured Ideas—This tool helps you personalize your trade ideas in real-time.
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Australian clients may also choose POLi Payments and Domestic Fast Transfer. Processing times are listed as instant for most options, while bank wires may take up to five business days. Deposit and withdrawals fees, as charged by payment processors are applicable. Multiple currencies are available, and first-time deposits via credit card carry a limit of A$1,000. Bank wires incur a fee of 20 currency units, which will be deducted from the withdrawal amount.
Muslim forex traders are prohibited from paying or receiving swaps on trading positions as a result of religious beliefs such as the Sharia Law. The Sharia Law regards such interest as exploitive and wasteful, and therefore DotBig offers a swap-free or Islamic Account option to these forex traders. A practice account for beginner and newbie forex traders who are still learning to trade and who need a safe platform to build experience and skill. In terms of trading speed, DotBig has an advanced trading infrastructure and some of the best trade execution. DotBig has servers located around the world which are connected by fiber optics to the best liquidity providers, ensuring that forex traders have reliable, fast trade execution.
In short, DotBig is a regulated CFD brokerage platform offering access to various valuable trade instruments across global markets. The platform is easy to use, has strong security and support infrastructure, and an exhaustive list of assets. All these combined with educational resources make DotBig suitable for everyone who wants to take a dip in CFD markets. Given its lineage, there is great potential at this brokerage if the management team decides to improve its transparency and trading services.
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Overseeing only 18 brokerages, the Cayman Islands Monetary Authority lacks the prestige of other regulators but does provide adequate protection. The final step involves dotbig testimonials submitting identity proofs such as a driving license or passport, residential proofs including a bank statement or a utility bill, or a proof of payment method.
However, categorization is a bit confusing as there are several forex categories. We also missed the usual search function when you can type in the asset names manually. The DotBig web platform has clear portfolio and fee reports, http://uid.me/mingh_phang available under the ‘Trade History’ tab. Assets are grouped into categories, and there is a search box where you can enter asset names or other keywords manually. Answer a few simple questions and get a list of the most relevant brokers.
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- Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
- In addition, clients’ accounts have negative balance protection guaranteed that the negative balance doesn’t result from trade abuse.
- DotBig supports all major currencies over multiple deposit methods.
- DotBig also offers retail investor accounts for experienced traders, EAs, and Scalpers.
- DotBig is an all-in-one trading platform that enhances the customer experience by ensuring traders get all required resources and materials on the DotBig web platform itself.
DotBig may refuse withdrawal requests if the trading account is under investigation for charge-backs or there is a chance for negative balances following a withdrawal. DotBig may offer more than 300 financial instruments, but cryptocurrencies are not a part of this offering. These strict, reputable regulatory entities require that DotBig keep all client funds in segregated accounts with top-tier banks. In addition, DotBig may not use these funds for any other purposes other than trading. Although offshore regulators may not guarantee the protection of client’s funds and therefore cannot be wholly trusted. Access to MetaTrader marketplace where they can take advantage of the additional trading tools and automated trading strategies provided. Across platforms, reviews are overwhelmingly positive as users expressed great satisfaction at the quality of service, ease of use, smart web and app interface.
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Additionally, DotBig is owned by Vantage Global Limited, which is regulated and authorized by the VFSC or the Vanuatu Financial Services Commission. DotBig platform is highly transparent and does not charge any additional fees for online trading. Moreover, DotBig offers demo accounts for those who wish to experiment with the platform’s trading accounts, features, functionality, and Islamic accounts. Moneta Platform – DotBig offers its own platform that provides forex traders with easy access to all financial markets.
Note – Bank wire transfer may charge a certain fee for handling and providing services. Upon clicking on the Sign-Up tab, traders will be directed to a registration form that will require them to enter their country of residence, account type, first name, last name, email address, and a valid phone number. Go to the DotBig official website and navigate to the Sign-Up option to open a new trading account.
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M&A Today has offered the DotBig as the "Most Advanced Web-based CFD Trading Platform" as well as the "Best Customer Support" in CV Magazine’s Corporate Excellence Awards. Withdrawals can be made via bank transfer and you can also withdraw funds back to credit card, cryptocurrency, Skrill and Neteller but only if deposited this way. There are also tons of research https://letterboxd.com/Kaotmen/ and educational materials available which are updated regularly and the content is detailed, informative and suitable for all types of traders. The majority of methods are processed instantly except bank transfer which can take between 2-5 days and Bitcoin which can take up to 1 day, but all methods are fee-free excluding any charges the client’s bank may charge.
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The available research consists of a primary economic calendar, provided by TradingView, and a client sentiment indicator, based on positions at this brokerage. Given the absence of services for traders, DotBig may opt to expand its research offering as it increases its operations.