At first, it was uneasy for me to trade at night but I got used to it and started to get good benefits. I believe it’s a great solution for those traders whose intentions are serious. DotBig minimum deposit requirement is 500$, which allows you to start live trading immediately. Of course, for the beginner traders’ convenience, there is an opportunity to try the platform and generally see the broker’s operation through a Free Demo Account. DotBig PLC is authorized and regulated under Financial Conduct Authority and is a member of the Financial Services Compensation Scheme. Moreover, the broker serves an office in Dubai and holds an additional offshore regulation in the Bahamas.
- Different markets will be interesting for intraday traders and investors.
- If you like to trade currency pairs, you should appreciate the trading conditions for these assets.
- It can simulate various trade scenarios according to the account balance, leverage, instrument, lots, price levels and position.
- Cryptocurrency CFDs are also available, but only for those under the Bahamas-regulated entity.
The broker offers good trading conditions for this. I can trade these assets with attractive spreads and without commission. You can trade forex, indices, shares, commodities, pairs and crypto. Best trading platforms metatrader 4 and 5, plus innovative activtrader allow you to be fast and make the right orders. A free Demo Account is a practice account with a fair copy of the real market and the prices are in real-time. This account has virtual funds that can be used to train your trading skills and lets you be familiarised with how the platforms work with Activetrades.
DotBig reviews Help!
The economic calendar powered by TradingView on the brokers website displays a list of the latest economic news events. It shows the time, date, level of impact expected , country, category and results . News can be filtered according to your requirements so you only see what matters most to you. I often use this tool as part of my fundamental analysis. SmartLines https://www.tdameritrade.com/investment-products/forex-trading.html is an easy to use application for MT4 & MT5 that enables automated execution based on trendlines placed on charts. Orders can be opened and closed based on the price levels of trendlines that you have set. This is useful as it means that you do not need to constantly watch the charts if you are waiting to perform an action once a specific level is reached.
This is good as it shows they are a Muslim friendly broker who welcome clients from all backgrounds with different religious beliefs. In saying that, most brokers have a swap-free account nowadays, including CAPEX.
DotBig Review
I was a bit disappointed that DotBig doesn’t have any bonuses for its traders. Dozens of indicators available for traders is an attractive detail. The minimum deposit to trade with DotBig is 100.
So I was looking for a financial instrument with high volatility, while my trading style was rather aggressive. After several attempts I realized that such a way of trading is very risky.
All in all, DotBig is a good CFD/forex broker. DotBig has three entities that are all regulated. The amount of investor protection depends on where you open an account. We missed however 24/7 availability, as customer service is only 24/5. You can see the number of long/short (buy/sell) positions in the search bar. This is a good sentiment indicator to gauge the market mood. If you’re not familiar with CFDs, read this article.
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At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . As trading fees are low and your account will be ready quickly, we encourage you to try DotBig. This provides up to £/$/€ 1 million per client additional coverage andapplies to all clients, regardless of which entity they are under.
The DotBig review Diaries
There are two types of accounts for retail and professional clients, which differ in their terms and conditions. I had individual one-on-one training with a manager when I started trading with this broker. I’m a bit of a tightwad at this, and I need to be shown and told everything several times when I have no desire or opportunity to figure it all out on my own. This broker attracted me by its amount of time on the market. It has been present in the market for twenty years and this fact make me really delighted actually.
Does DotBig allow hedging?
Its spreads are very low on the one hand, and on the other the broker doesn’t charge commissions on trades. It is possible due to DotBig review the superior STP execution type. It allows traders to receive the best pricing from the liquidity pool of the broker directly.
This is an indicator of the MetaTrader Platforms . This tool can be used on all chart timeframes to increase forecast possibilities. It automatically detects chart patterns, scans historical data to find recurrences, DotBig forex Broker and generates detailed statistics about potential upcoming market movements. DotBig’ SmartLineis a newly developed add-on that makes monitoring price movement and trend formation hassle-free.
Methods To Go Shopping For DotBig forex
The DotBig team works to make all elements of our services run smoothly. I have been trading on MetaTrader 4 for a long time. About a month ago I decided to try trading on the broker’s platform.