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DotBig offers MetaTrader 4, MetaTrader 5 and the IRESS trading platform. DotBig had a perfect score in this category as they provide an extensive range of educational materials which include articles, videos and live webinars suitable for beginner traders.
- The DotBig Mobile App can be accessed via Android or iOS operating devices.
- Customer support was fast but the response from the agent could have been better.
- There are entities offering a high level of investor protection due to being regulated by CySEC and ASIC.
- Many customers will simply make a bank transfer, but there are plenty more deposit methods available.
At DotBig, account verification is still required, but it is a quick procedure. The majority of traders will comply with KYC standards by providing a copy of their ID and one proof of residence document. The DotBig entities authorised and regulated by CySEC and ASIC offer the highest protections. These are known as tier one regulators as they provide the strictest standards for broker’s to operate in. For example, for CySEC and ASIC regulated entities it is a regulatory requirement for brokers to segregate client funds from their own and to provide a negative balance protection policy. The desktop and web platforms are mainly geared toward advanced traders but the mobile app was simple to use. Customer support was fast but the response from the agent could have been better.
DotBig LLC – an entity based offshore in St.Vincent and the Grenadines which is not regulated. First Prudential DotBig Pty Ltd – authorised and regulated by tier 1 regulator, the Australian Securities and Investments Commission .
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The range of instruments will vary depending on your jurisdiction but are well above the industry average. You can download the DotBig mobile app for both Android and iOS devices directly from the app store. To use the DotBig Mobile App you do need to open a MetaTrader 4 account with the broker and use these as your login details. You can also trade from the IRESS trading platform to access Direct Market Access Share CFDs. This is a huge difference and this fee is much higher than the industry average. This will impact traders who hold positions overnight so it’s worthwhile checking for yourself.
When trading forex and CFDs, it is crucial to know a broker’s strengths and weaknesses. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely. After discovering techniques to trade pan-European and US equities, Jitan developed a love for a short to medium term trading on indices and commodities, and later on currencies. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is DotBige. I regret that we provided you with bad service and a poor customer experience — it is the exact opposite of what we pride ourselves on. This is my first time to move this broker and already disappointed with the service hahahaha, going to find another broker.
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The broker also offers access to AutoChartist which is an MT4/MT5 plugin providing you with daily market reports, technical analysis ideas using https://www.clubrsx.com/members/lilang.409717/#about chart patterns and Fibonacci analysis. It’s a great tool to aid in trading decisions, providing you with actionable trading opportunities.
Under section 65 of the Public Governance Performance and Accountability Act 2013, The broker is protected by the Act of Grace mechanism. The Scheme for Compensation for Detriment Caused by Defective Administration covers Australian customers from possible losses. In order to achieve your trading goals, you need dotbig reviews to choose the right account. We evaluate each broker’s account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated.
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DotBig offers impressive and regularly updated research materials on its ASIC regulated entity website, while the CySEC regulated entity’s website hasn’t been updated for two years. The broker offers access to AutoChartist, scoring highly in this category. Here you can also verify your ID which is standard for regulated brokers. This can be uploaded directly into the client portal area, or you can email your documents. Required ID documents include proof of ID (passport, driver’s licence, etc) and proof of address . DotBig offers two main account types called the Standard Account and Raw Account. Both deposits and withdrawals are easy to do through the DotBig client portal area.
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The DotBig Mobile App can be accessed via Android or iOS operating devices. The dotbig testimonials app was easy to download and simple to navigate, scoring highly in this section.
The MetaTrader 5 trading platform is mainly geared towards advanced and professional traders as it has a high level of customisations and features. We found a large range of viewable timeframes and indicators, as well as the ability to run automated trading strategies and download customised indicators.
Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service. This is one reason regulators such as CySEC, ASIC and the FCA cut the leverage brokers can offer retail traders – to make it safer for beginners. The account you opened will impact nearly every aspect of your trading. Different accounts will often have different fees and tradable instruments. European clients under the CySEC entity are limited to Monday to Friday office hours 9am to 6pm GMT+2. Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis.
DotBig’ research is available mainly in the Traders Hub area of the website, divided into technical and fundamental analysis. Overall, DotBig has space to improve its research offering compared to the top brokers for research, such as IG, Saxo Bank, and CMC DotBig. The research area has some instructional content, including over 50 articles in the Trading Knowledge section, five ebooks, and a platform training section.
Its Raw ECN accounts for MetaTrader platforms provide low commissions and costs that are comparable to industry leaders for starters. On MetaTrader, however, there are much fewer symbols to trade, with less than 150 instruments in total. DotBig collaborated with Myfxbook Autotrade, which https://forum.mygolfspy.com/profile/106611-moperaork/?tab=field_core_pfield_15 is also accessible from inside the MT4 trading platform, in addition to the built-in MT4 copy trading capability. DotBig Copy Trading, a proprietary copy trading service, is the most recent development. VPS hosting is available, but there are specific criteria to meet to get it for free.