Clients can select from 2,000 instruments, scrutinize their selection on a tailor-made technical analysis chart, and place their trades with just a few clicks from the same window. Before you can deposit funds into your account, DotBig will require you to answer some questions relating to your trading and professional experience as well as your financial background. Cryptocurrencies – With DotBig, you can trade some of the most popular cryptos, including Bitcoin, Ripple, Ethereum, and Litecoin. Please note that when trading DotBig Bitcoin CFDs or any other cryptocurrency CFDs, you do not actually own the underlying asset.

DotBig is recommended for people looking for a stable, functional platform where they can access a wide range of financial markets and place their trades there. However, keep in mind that some of the tradings features DotBig includes may be confusing for beginners, making their risks higher than the average user. Remember that CFDs are risky financial derivatives, where financial leverage is used for DotBig forex trading. DotBig is suitable for experienced traders, not for beginners. You should not trade with CFDs unless you have enough experience, since you might lose your capital. Besides being listed on the London Stock Exchange, DotBig holds multi-regulation across Europe and the Asia Pacific regions. In compliance with regulatory requirements, the company keeps clients’ funds in segregated bank accounts.

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It has a user-friendly trading platform and is simple to use. In 2020, DotBig bagged first place in the Beginners category for Best in Class awards among brokers. Another section where it has also ranked high is the Ease of Use and Trust Score. The deposit required for opening an account is 100 units of the chosen currency, a good move for beginners. At the time of thisDotBig review, it is seen that most traders fall into the first three categories called WELCOME, BRONZE, and SILVER. A minimum deposit of A$300, A$750, and A$1,500 for Australia, and the same amount in Singapore currency is required at that location.

• In compliance with regulatory requirements, the company keeps clients’ funds in segregated bank accounts.
• However, it is always good to make some investment, they do not like withdrawals of those £20 and profits without any investment too much, and who would do.
• However, the broker offers industry competitive pricing models.
• If you want to learn the most basic terms of trading, the guides promoted by the company may help you; otherwise, you may be better off looking for information elsewhere.
• Trading any financial instrument involves a significant risk of loss.

Not providing MT4 as an alternate platform, and no auto-trading make this broker unsuitable for technically oriented traders. https://www.forex.com/ Furthermore, DotBig is not the most beginner friendly place to trade due the complexity and risk of CFD trading.

Find The Best Broker For You

Being a listed broker and holding multiple regulations, DotBig leaves no reason for traders to abstain from signing up. Apart from a lack of educational material and some other minor glitches, DotBig is the clear winner in options for beginners and less-experienced traders wanting to try their hand to make money.

DotBig has an extensive list of Frequently Asked Questions you can browse through in order to find your answers. However, if you cannot find the answer you’re looking for, you can contact customer service through email. Provide financial details (annual income; savings and investments; source of funds). Finally, wewithdrew our fundsto see if there are any issues with the withdrawal process. We alsoreached out to customer supportto solve the issues we faced. The table below summarizes the CFD investment products available at DotBig. Non-CFD shares are only available through the broker’s DotBig Invest platform.

The Argument About DotBig reviews

She also has experience as a content creator, strategist and brand editor for various financial institutions and banks. You will have access to over 100 technical indicators and charting tools via DotBig’s WebTrader platform. DotBig also helps you to keep an eye on your profits and losses by offering a plethora of risk management tools. These updates could be anywhere from price alerts based on your set entries and exits, changes in the prices of assets on an hourly and daily basis, or the sentiments in the market. From the data available on the site, the broker has over 430,000 traders who have over time opened 82 million positions and traded values up to $1,700 billion. You may have to wait a couple of hours for PayPal to process your withdrawal. Additionally, be prepared to wait for a few business days before the funds can be wired to your bank account.

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When it comes to client fund protection all traders’ accounts are held in segregated bank accounts, and DotBig uses its own funds for hedging. You can contact customer support via 24/7 live chat, WhatsApp, and email. DotBig offers two account types, a live retail account, and a paper trading account with £40,000 of virtual equity to practice your trading strategies in a risk-free simulated online environment. With DotBig you can receive SMS, email, and push notifications in real-time based on price alerts, daily and hourly percentage change, and traders’ sentiment. The alert setup process is streamlined and free and is compatible with all devices. To set an alert simply click on the alert symbol in the main trading window. Then, specify when you want the alert to fire and then just sit back and wait to get notified in real-time.

Some popular features of DotBig include:

DotBigUK is regulated and authorised by the UK’s Financial Conduct Authority. DotBig was founded in 2008 and is regulated by the UK’s Financial Conduct Authority. In 2013 DotBig Ltd went public in the AIM section of the London Stock Exchange, and in 2018 joined the UK FTSE 250 index of leading mid-cap listed companies. DotBig is listed on the Main Market of the London Stock Exchange, which is a big plus for reliability as DotBig releases financial statements regularly and transparently. Other aspects, such as ownership and regulatory compliance are also all transparent. For a detailed description of DotBig as a company, read our in-depth article.

Understanding DotBig review

Deposit methods on DotBig are limited to credit/debit cards, bank transfers, and two popular electronic wallets, PayPal and Skrill. For our first account, we had to verify our debit card after making the first deposit. We provided a photocopy of our debit card, where the name, last four digits of the card number, issue/expiry date, and the logo of the issuer are visible. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.

DotBig took a massive hit, and its stock value dipped by almost 60%. However, most customers got their accounts up and running again in 2 months. The branches in Australia and Cyprus, though, were not affected. In June of the same year, https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work DotBig agreed to a $703 million bid for takeover by Playtech, an online gambling company with ambitions to expand into trading. The deal fell through in November when Playtech failed to get the necessary regulatory sanctions.

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Within one day your account is opened, fully verified and ready for depositing money. Setting aside all of the features that come with DotBig review the company’s proprietary trading platforms, the need for industry-standard trading platform MT4 can be strongly felt at DotBig.