DotBig Review & Rating 2022 » Is DotBig Reliable & Secure or Scam?

It would be much easier if you could set these notifications on the mobile trading platform itself. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee. DotBig offers a comprehensive instructional program, which makes it a great alternative for new traders.

DotBig review

Generally, the process is very fast, and once it is completed, the deposit is made to start trading if you do not want to use the demo account. DotBig is a well-regulated ECN Forex broker, offering over 50 Forex pairs, very tight spreads, MT4, copy-trading, MAM accounts, and a FIX/API for automated trading. A client has complained that they intentionally freeze trading platform so that clients are unable to manage trade during spikes.

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We have gathered the best technologies, products, and services to ensure that every trader is… We are one of the most prominent stock exchange-listed FX & CFD broker in the world, giving retail traders instant access hundreds of global markets. Our trading platform is constantly improved to ensure it remains the best. DotBig is a fully digital and user-friendly forex and CFD trading broker operating on the MetaTrader4 platform, a trading platform that connects to brokers. DotBig offers user education and a copy trading facility while using artificial intelligence and machine learning to coach users on improving trades. DotBig’s trader education is better than most other ECN brokers, with detailed information in video and text format for both beginners and more experienced traders. It also offers a free demo account, but it expires in 30 days.

  • I like the hassle-free withdrawal approach at DotBig, as it adds to peace of mind when trading.
  • It is regulated by the Financial Services Authority, bearing number BC 2019.
  • These include majors (EUR/USD, GBP/USD, and USD/JPY) and minors (NZD/CAD, EUR/JPY, and GBP/NZD), and exotics (EUR/NOK, USD/SEK and EUR/ZAR).
  • 79% of retail investor accounts lose money when trading CFDs with this provider.
  • Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.

Of perhaps more interest will be the performance of the mid-cap FTSE 250, which unlike the Footsie, is not stuffed full of multi-national companies. I had an account a SwissQuote and they blocked all my funds without any notice. DotBig Broker accepts clients from all over the world, with the exception of the USA, Israel, Iran and some countries where restrictions apply. Overall, DotBig can be summarised as a trustworthy broker that is regulated by two tier-1 regulators and one tier-2 regulator . The applicant will be required to complete a simple application form and confirm their identification.

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It is a great app that has many indicators and tools that are available on the desktop version. Moreover, the integrated news service is also available in the mobile version of MT4. Since DotBig is a MetaTrader-only broker, Android & IOS of the MT4 app are available for download from the Play store & app store respectively. Traders can monitor their trade and take entries immediately with mobile devices. 140+ FX pairs and Metals CFDs can be traded with an DotBig account.

Our aim is to place our company and its clients in a position as close as possible to the outcome that would have resulted had the error not occurred. The execution was fast and no requote but the most important the withdraw was safe and fast enough. DotBig provides five different account types, Standard, Pro, Elite, Islamic Swap-Free, and Risk-Free Demo trading accounts. The minimum deposit amount required to register an DotBig live trading account ranges from $0 USD – $25’000 USD. While DotBig offers a demo account with flexible options concerning the account balance, base currency, and leverage, it is limited to 30 days. Therefore, I consider it pointless, as traders use demo accounts to test applications and trading strategies, which requires significantly more than 30 days.

DotBig advertises a minimum mark-up of 0.4 pips in its commission-free trading account. During the London-New York overlap session, I received a 1.1 pip spread for the EUR/USD or $11 per 1.0 standard lot. It is an above-average trading cost, and I recommend traders avoid it.

Learn What DotBig testimonials Is

It also offers users advanced technical analysis, tools and charts. You can use it on Android and iOS smartphones as well as the web version for your laptop. DotBigTrader’s full registration and compliance stay in Australia, and its UK subsidiary gets authorization by the Financial Conduct Authority.

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In addition to offering advanced and developed MetaTrader 4 platforms, DotBig always emphasizes integrity, service, and execution. Client funds are also separated from the funds of the company to ensure the safety. It is always a good idea to start with a demo account at any broker.

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Over the weekend a scheduled maintenance was performed on some of our servers which led to an incorrect account balance on your account. But I was given 50$ as a thank you gift for joining in the contest, have been trading with the broker since then, and I really enjoyed a good trading condition. Noone to contact since its over the weekend and guess what… Our team is already conducting an investigation about this matter and we believe that you are already in contact with one of our representative who’s assisting you in resolving your concern. In order for us to assist you, may we please ask you to provide us with your full name, email address registered and the detail of your concern?

It remains fully compliant with all the designated regulators. While these issues fall under its corporate umbrella, DotBigTrader continues to work as a genuine broker, expanding its market share across the globe with every passing year. DotBig has licenses DotBig review from the Australian ASIC, the UK FCA, and the Dubai DFIC. Most international traders will deal with the unregulated subsidiary located in St. Vincent and the Grenadines. DotBig accepts traders from the UK and South Africa and has an office in each.

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It has competitive spreads from 0.0 pips and fast execution with minimal slippage. The firm offers as well Forex pairs to trade DotBig forex and spread betting as possible. DotBigTrader has the lowest trading fees and doesn’t have any minimum deposit required.

There is likely to be a high risk of losing money when trading with the DotBigCorp Financial Services Pty LTD because the license stands suspended. Till the time it gets reinstated, traders may find the trading platform a bit dicey. An oversight in the administration of this company has resulted in the suspension of its license.


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