DotBig LTD Review: Key Findings about the Forex Broker

Do you know how to make money online? If you are reading this review, you’ve probably heard something about online trading. This is a popular activity today that can really bring a lot of benefits if you succeed.

However, despite all the advantages, it’s not very easy to succeed in forex trading. First of all, you should gain trading skills and knowledge of the industry. This will help you to analyze events and make profitable decisions. A lot of online forex brokers offer educational materials and training courses. If they are quality and informative, you have a great possibility to start making income from trades.

Then, you need to find a platform that will provide you with all the necessary conditions and tools. Special solutions will help make deep analyses, and low trading fees will decrease your expenses on trading.

Does the DotBig forex broker fit these criteria? Here is what we’ve managed to find about the company.

Key Advantages Explained

• a wide selection of trading instruments available – in total, the broker offers access to Forex, Stocks, Indices, CFDs, Commodities, Cryptocurrencies, ETFs, and venture investments. Clients can trade over 70 currency pairs, more than 200 real shares, around 600 crypto products, and a number of other securities;
• advanced tools for technical and automated trading – the platform has charting solutions, indicators, and an economic calendar that allow to analyze the markets and react quickly. It also offers trade signals. New clients can make their income via the social trading platform, where they can copy deals of experienced participants;
• stop-loss protection – a special feature that protects clients from too extreme or unexpected losses.
• low spreads – spreads on tradable securities impact trading costs. DotBig offers floating spreads that vary between the industry average figures. Spreads for forex pairs, for example, might fall as low as 1.25 pips.
• responsive support manager – this is an essential feature for new traders who are just getting familiar with the platform and its services. Highly qualified support managers can help users solve any issue, related to operating clients’ accounts and profiles.
• a demo account – it provides users with an essential experience in forex trading for free.

Key Disadvantages Explained

1. high minimum deposit – the minimum deposit for the Basic account amounts to $250. This amount might be quite confusing for beginning traders who just sign up for the first platform.
2. withdrawal fees – the broker charges a 3,5% commission for making withdrawals. Naturally, every client aims to spend as low as possible. That is why withdrawal fees are disadvantageous for them;
3. no cent account – on such accounts, clients can make deals with minimum amounts and spend as less possible, but stills make money. Unfortunately, DotBig doesn’t provide such a possibility;
4. can’t trade binary options – some traders have experience in trading binary options, but this experience is useless if they sign up on DotBig. This means they have to explore other instruments and, maybe, take some time to understand the peculiarities of other markets;
5. support works 24/5 – although the support staff is extremely efficient, it’s not available all the time. Because of this, clients can’t access them during specific hours and solve urgent issues.

DotBig Testimonials

Opinions of real people always impact the reputation of the company. As we figured out, DotBig has quite a good reputation. DotBig testimonials admire DotBig forex broker, and we see this from the average scores:

• Proven Expert – 5
• Reviews.io – 4.46
• Trustpilot – 4.4
• Mamma.com – 4
• Sitejabber – 4
• Indeed – 3.8

Here are a few examples of how people react to the offers provided by the broker. Judy J. Bridgeman, for instance, writes on Trustpilot that the commissions don’t disturb here. She says that though her half-year experience in working with DotBig, she didn’t notice any significant disadvantages. She likes the support services and says she gained a lot of valuable knowledge to keep trading and making money.

Bertram Anderson from Trustpilot is also grateful for the great and valuable experience. He appreciates the fast execution of transactions. However, he considers that the commissions are too high for him.

The most common problem mentioned by users of Trustpilot is the difficulty to enter one’s trading account. Lillie Coleman experienced such an issue, but she also admitted that the support team was very professional when solving it.

Conclusion: is it worth working with?

It seems to us that the DotBig company is a good forex broker to work with. To figure out whether this is relevant for you, learn more about the aspects you feel a strong interest in, and remember to look through the client agreements before registration.