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The main benefit of using third-party platforms such as MT4 is that traders can keep their own customised versions of the platforms should they choose to migrate to another broker. DotBig’s trading tools transform the MT4 platform into a state-of-the-art trading terminal.

DotBig broker

As DotBig Broker is regulated heavily by many regulatory bodies worldwide, it is widely regarded as one of the safest trading brokers. The spread starts at 0 pips with the Pro account, and with the standard account, it is 0.4. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. DotBigTrader is not a financial adviser and all services are provided on an execution only basis. Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances. Important legal documents in relation to our products and services are available on our website. You should read and understand these documents before applying for any DotBigTrader products or services and obtain independent professional advice as necessary.

DotBig has some drawbacks, though.Its product range is limitedto forex and CFDs, and its research tools lack recommendations and fundamental data. DotBig clients are provided free access to PsyQuation Premium, an AI-driven analytics platform to help you discover strategies for MT4.

Chose an account type

The DotBig trading platform features 20+ liquidity providers, including 7 ECN exchanges. The app is available for both iOS and Android platforms, making it easy for traders to trade on the go. If you’re looking to invest a large sum of money in the foreign currency markets, you may want to opt for a VIP or Elite account. These accounts come with a minimum deposit of 25,000 USD, very low spreads, and commissions starting at 3.5 USD. These accounts also come with specialised trading tools, premium MT4 trading tools, and access to free VPS services. You can open a Standard or Elite account with DotBig, but you’ll have to deposit at least $25,000 to open one.

  • Trade with the lowest spread and the commission in the industry.
  • DotBig has made giant strides since its inception in 2007 to become a top 10 global broker, developing a reputation for its innovative, customer-focused approach, and advanced AI technology.
  • The authority monitors the broker’s operations to ensure that they are compliant with EU requirements.
  • You simply fill out a short form with personal information and submit documents proving your identity.
  • You can’t set alerts and notificationson the DotBig web trading platform.

In addition to a comprehensive FAQ section, the website offers support in multiple languages. The company’s website also features an economic calendar and 60 video tutorials. A demo account https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work is a great way to test out a trading platform before committing to a live account. These demo accounts usually come with a virtual $50,000 balance, simulating a live trading environment.

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It has bagged several industry awards for providing satisfactory trading services to over 60,000 loyal clients in 100 countries. In 2020 alone , the broker recorded over $2.5 trillion worth of trades. On the plus side, forex fees are low, and deposits and withdrawals are free of charge.

Therefore, whenever you are considering investing in any platform, you should analyze and consult reliable sources of information before making a decision. Besides that, DotBig Broker claims to have high security and measures that protect your personal information during the sign-up process.

DotBig broker

Moreover, DotBig claims to be highly secure and has measures in place to protect personal information. Currently, there are no deposit bonuses available with this brokerage.

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Rather than speculating on the movements of the market, you will simply be trading on the movement of the price in real-time, which means you can earn a profit or a loss based on the price movement. As well as that, it enables traders to run a thorough analysis of their performance statistics DotBig forex Broker and fine-tune their approach accordingly. For retail traders, the Autochartist plugin can also be an essential tool to help them gain a competitive edge in their trading sessions. As a result, it eliminates the conditions which cause retail trader accounts to lose money in the long run.

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But we may not give DotBig a 100% pass mark overall on fees since their commission fees of $7 per round turn are high compared to some of their competitors, such as Fusion Markets. A Swap Rate is defined as an overnight or rollover interest for holding positions overnight in foreign exchange trading. For a 1 Micro Lot trade , you will pay a $0.07 commission DotBig forex Broker to open and close the position. We should also note that the broker does not accept clients from New Zealand and Australia. Check out the current account balance requirements at DotBig in our What is the minimum account balance at DotBig article. DotBig is regulated by multiple authorities globally, including the UK’s FCA and ASIC in Australia.

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DotBig does not have a minimum deposit amount as it gives traders control over how much to deposit and how they wish to build their portfolios. It is only a matter of the payment processor that you wish to use that determines the minimum payment amount.

USA clientsNot AcceptedJPN clientsNot AcceptedCountry BaseSt Vincent and the GrenadinesHeadquatersSuite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St Vincent and the Grenadines. Introduce customers to DotBig and leverage their global brand to increase your earnings. Since 2007, DotBig has continuously strengthened the service through investment, expansion, and growth. There are many reasons to choose DotBig as your main Forex broker. The registration process with https://www.dukascopy.com/swiss/english/forex/trading/ is easy and straightforward. You simply fill out a short form with personal information and submit documents proving your identity.

To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the DotBig offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review.

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