To earn money by online trading you don’t need to have any specific qualifications but have an Internet connection, a starting capital, and a computer or laptop. The trick here is not to hurry up in order not to make a mistake when choosing a forex broker. It’s easy to come across scammers, whose major purpose is to cheat you and get your cash. Take some time to examine the legitimacy of the forex trading services provider.
DotBig LTD is a legit company that tries to be transparent and displays all the necessary official information on its website. There you will find out more about its terms and conditions, registration, KYC, and anty-money-laundering policies. If you like this broker at the first sight, we strongly recommend reading our review of the trading conditions offered before making your final decisions. Here are the key aspects you must be aware of.
Financial instruments
Any experienced broker will agree that trading conditions play a vital role. They might impact how much money one will make when trading with a broker. Many brokers offer very extensive trading conditions with low fees. Does the DotBig forex broker belong to the category of such providers? Let’s find out.
- Forex. Traders who speculate assets on foreign exchanges find DotBig LTD a good option for their activity. Here, they can access 72 currency pairs, which is not an excessive number, but this number equally competes with the industry leaders. Currency pairs are traded with the 1.2 pips average spread.
- Stocks. A lot of online trading platforms provide access to stock securities only via contracts for differences. DotBig, however, displays real shares of some of the largest companies. The total number of stock securities amounts to 244. The average spread starts from 0.65 pips.
- Commodities. DotBig isn’t the best option for trading commodity assets if you are looking for a broker that offers an extensive number of commodities. This trading platform has only 6 commodities traded with low leverage – 1:1000. Commodity trading is commission-free. Fees are included in spreads.
- Indices. Traders can make profits from trading 13 indices, including S&P, Dow Jones, NASDAQ, and some others.
- Cryptocurrencies. Crypto trading is becoming more common for ordinary forex brokers. DotBig isn’t an exception – it offers around 600 cryptocurrencies and crypto-related instruments. The average spread varies from 1.5 pips to 1.7 pips.
Except for trading cryptocurrencies, you can make deposits and withdrawals of crypto funds. The broker offers the possibility to make instant commission-free transactions in Bitcoin (BTC), Ethereum (ETH), Teather (THR), and Litecoin (LTC).
- Contracts for differences. Clients of the DotBig company also deal with CFD assets. There are securities from different markets, including Stock, Index, Commodity, ETF, and others. You should understand that CFDs are complex instruments. CFD trading requires deep analytical skills and experience. On average, more than 50% of traders lose money when trading CFDs.
What are safety measures?
When you are looking for a forex broker, we strongly recommend you never neglect examining safety measures. Forex trading isn’t a silly game – it’s a serious activity that involves working with accounts and funds, so try to work only with trading platforms that can ensure your money and personal data will be in safe.
It’s perfect if you want to make sure that DotBig ltd is legal. For this, you have to get familiar with its official documents and read more about the place of its regulation. Also, the broker has headquarters in the USA and Europe.
To enable complete security of clients’ funds, DotBig implements segregated accounts, which store funds and prevent any illegal actions of withdrawing capital. This means that the money you deposit or earn when trading can be withdrawn only to the address, to which the last transaction was executed.
One more interesting thing to learn is related to the broker’s stable performance. The company was launched in 2003. Since that time, it has endured more than one global financial crisis, which, however, didn’t make it involved in any money-laundering scandals. It has a perfect reputation among the publicity.
Last but not least, we trust DotBig testimonials that are posted by real traders on independent platforms for testimonies. Users uncover some disadvantages, but in general, they are satisfied with both trading conditions and the quality of offered services. You can also find a lot of reviews in a video format, where people share their experiences and provide details of their trading careers.
Verdict
To conclude, the broker has managed to attract more clients over the recent years. We consider that this is because of the beneficial offers and transparent policy of the broker. The combination of these aspects makes it a good option for beginners.
I’m is an owner of Venostech.com, blogger, Android and technology enthusiast. Individual who are educated in the IT and like to write according my scope.
