The number of available commodities is also high, thanks to the 120+ CFDs on commodity ETFs. Founded in 2012, DotBig offers trading in forex, commodities, stocks, ETFs, and indices. Below is a list of trading cost examples for buying and selling the EUR/USD, DotBig forex Broker holding the trade for one night and seven nights, in the commission based DotBig Prime account. Here is a screenshot of live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
With the rising cases of fraud and scam, you might have a hard time trying to locate a legitimate broker. Visit DotBig reviews and comments to get first-hand feedback on the reliability of the broker, from traders and clients. This account has been specially designed for experienced traders. It is characterized by a healthy competitive trading environment with outstanding quality. Additionally commissions do not exist leading to the minimization of cost. Available instruments include forex pairs, stocks, ETFs, CFDs on stocks, CFDs on ETFs, commodities, and indices. The broker’s stock offering is extremely rich as traders have access to more than 12,000 instruments.
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DotBig offers traders 24/7 multilingual customer support, best reached via live chat. Traders may also call one of the seven phone numbers or request a callback. Alternatively, e-mail support is also available, together with the FAQ section, where DotBig answers many of the most common https://www.cnbc.com/money-in-motion/ questions. Since DotBig explains its products and services well, the need for customer support is unlikely but easily accessible if required. DotBig maintains the out-of-the-box MT4 and MT5 trading platforms, where the former ranks among the market-leader for algorithmic trading.
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It contains signals, an explanation of trading strategies, weekly video reviews, an economic calendar, educational videos, a glossary, a video course, and an e-book. DotBig’ website educational support is mostly limited to the FAQ section. In addition, the broker has a number of educational articles in the above-mentioned blog. To open an account with DotBig, go to the broker’s website and click “Open an account.. CFD Leverage allows you to avoid paying the full value of the position. Instead, you pay a deposit, which is called margin, while the remaining funds are borrowed. Each regulator has its requirements for brokers, which may differ materially.
- The broker’s stock offering is especially strong as traders have access to stocks, ETFs, as well as CFDs on both stocks and ETFs.
- It allows traders to automate strategies without coding, and I applaud DotBig for leading the industry in this fast-growing sector.
- In addition, DotBig has developed DotBig Terminals – R WebTrader and R Mobile Trader.
- These traders will also benefit from the R StocksTrader Strategy Builder and remote VPS-server offered by the broker.
- Accounts can use several base currencies, which is convenient for traders from various countries.
Advanced traders will have plenty of choice among account types and various instruments offered by the broker. A two-step process handles new accounts, and traders can complete the initial part in less than 15 seconds.
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We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating. The collaboration of DotBig with AEL started already five years ago and keeps evolving thanks to the goals the two organisations have in common – victory and leadership.
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It is suitable for both currency and other types of markets. I’ve tried about 4-5 brokers during past several years and finally stop changing them when came to trade with DotBig. I’m quite https://www.DotBig.com/en-US/Trading/Forex satisfied with their trading conditions, the software is stable, withdrawals don’t take a lot of time. I trade with 4 top rated brokers and it was quite different and ambiguous experience.
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Importantly, clients can withdraw funds without commission if they use the company’s program of withdrawal without commission. Clients can withdraw funds on the first and the third Tuesday of each calendar month without paying fees.
Now I started to work with the Ctrader platform, it is much more up-to-date and faster. Traders will have to spend some time getting accustomed to R StocksTrader, but the platform is easy to use. The platform offers a wide range of technical indicators, so it can be used for sophisticated technical analysis. The technical offering is not as rich as in MT5 case, but the R StocksTrader indicators will be sufficient for most traders. In general, traders should keep in mind that the R StocksTrader account is designed to be a one-stop shop for various instruments, but it is focused on stock traders.
Which broker has the highest overall rating?
The broker offers a detailed FAQ, where clients can find answers to various questions on account opening, trading, members area, verification, etc. In DotBig’ case, retail traders will work with DotBig Ltd, which is regulated by CySEC, a Tier 1 regulator. Clients who want to open a Pro account will work with DotBig Deutschland GmbH, which is regulated by BaFin, a Tier 1 regulator. The broker received an average score in the Fees category. DotBig offers attractive fees for some instruments. There is a sufficient number of options for deposits and withdrawals. Accounts can use several base currencies, which is convenient for traders from various countries.