DotBig is “constantly growing” and has an “international” reach, according to its corporate description. The organization has a 4.4/5 Trustpilot rating and offers its traders options such as social trading, access to a wide range of assets and marketplaces, and investment portfolio services. The three primary reasons to deal with this broker, according to DotBig, are transparency, flexibility, and risk reduction.
Margo Pazhinskaya, a financial analyst and alumnus of Vilnius Gediminas Technical University, bitcoin specialist Emil Lavrov, marketing director Doris Becker, banker Daniel Rong, and others are among DotBig’s expertise. A list of the company’s top executives may be seen at https://dotbig.com/about/. Read on to find out if DotBig is the perfect broker for you.
Who Is DotBig Recommended For?
DotBig is recommended for traders who are interested in a wide range of assets and investment opportunities. The platform is particularly suited for those who want to invest in cryptocurrencies, as it offers a large selection of crypto assets to trade. DotBig may also be a good choice for traders who are interested in copy trading or who want to invest in a professionally managed portfolio. However, it may not be the best choice for those who prefer to use the MetaTrader suite of trading platforms or who do not want to be subject to high inactivity fees.
Top DotBig Features
- Web Trader Platform: DotBig Web is a trading platform that provides over fifty analytical indicators, pending order availability, charts, and timeframes. It offers fast order processing, easy customization, and other trader-centric features.
- DotBig Venture Investment Club: This club was created for corporate and private investors who want to invest in startups and IPOs that could be profitable.
- Portfolio Investment Service: This service helps traders create their own investment portfolio with securities that fit their strategy and objectives.
- DotBig Signals: These free trading signals allow traders to automatically trade popular assets. It provides news algorithms that inform about important financial events, automated trading cues, and price signals based on verified information.
- Economic Calendar: DotBig’s economic calendars consist of professional analytical tools that monitor local and worldwide Forex news. It’s useful to all clients, regardless of trading strategies or goals.
- Social Trading: DotBig allows traders to interact with fellow traders through social trading. It allows copying the trades of successful traders and provides tools like Take Profit and Stop Loss orders.
- Wide Range of Assets: DotBig offers access to over 100,000 assets, including Forex, stocks, commodities, cryptocurrencies, indices, CFDs, ETFs, and more.
- Risk Minimization Features: DotBig offers tools like Take Profit and Stop Loss orders and negative balance protection to minimize trading risks.
DotBig Account Types
DotBig offers a single account type, called the Trader Account. The account opens after registration, and it offers a wide range of trading instruments, including over 1000 assets such as forex, stocks, indices, cryptocurrencies, commodities, CFDs, and ETFs. The minimum deposit required for the Trader Account varies. The available leverage is up to 1:400, and the spreads start from 1 pip. The minimum lot size per trade is from 0.01. Decimal pricing is available up to 5 decimals. DotBig also offers a demo account, copy trading support, and no commission on stock trades. However, the Trader Account does not offer swap/rollover-free trading.
Regulation and Security
DotBig is a brand owned and operated by DotBig Ventures OU, which is registered in Estonia with registration number 14719639. As a non-EU regulated broker, DotBig is not under the supervision of the European Securities and Markets Authority (ESMA) and does not provide negative balance protection to its clients. However, DotBig does state on its website that it operates under the regulations of the International Financial Services Commission (IFSC) in Belize, which is responsible for overseeing financial services providers in the jurisdiction.
In terms of security, DotBig uses advanced encryption technology to protect its clients’ personal and financial information. The broker also states that it keeps client funds in segregated accounts with reputable banks and uses advanced firewalls and security protocols to safeguard against unauthorized access. Additionally, DotBig offers two-factor authentication for its clients to further enhance security.
Conclusion on DotBit
Overall, DotBig offers a wide range of trading and investment services, including a variety of trading platforms, social trading, copy trading, investment portfolio services, and access to a large number of trading instruments across multiple asset classes. Additionally, DotBig provides some risk minimization tools, such as Take Profit and Stop Loss orders, and negative balance protection. However, the broker does have some drawbacks, such as high inactivity fees and the absence of the MetaTrader suite, which may be a deal-breaker for some traders.
Additionally, the lack of information on its regulatory status is a concern, and traders should exercise caution when dealing with unregulated brokers. Ultimately, traders should carefully consider their needs and preferences and conduct their own research before deciding to trade with DotBig or any other broker.
The educational tools on DotBig are invaluable. Not only do they help me trade, but they also improve my understanding of strategies and techniques.
DotBig offers a wide range of deposit methods, making it convenient for traders like me. Their focus on user education is a huge plus as I continue to refine my skills.
DotBig’s data insights are precise and dependable. With steady returns and smooth withdrawals, the platform is perfect for both beginners and seasoned traders.