Get the same potential return as some of the most trusted and successful investors in the world. Anyone will feel at home here, with their user friendly and intuitive design. Like all brokers with EU regulation, DotBig also keeps customers’ deposits in segregated bank accounts separate from company capital. This protects customer funds from the claims of creditors in the event of bankruptcy. In addition, DotBig is a member of the Investor Compensation Fund by the Cypriot Investment Firms . This means in case the parent company becomes insolvent; the organization will compensate each investor up to 20,000 euros.

  • DotBig scored low on the Fees category, as well as on Research and Education.
  • DotBig is one of a few top brokers that support a plethora of crypto coins.
  • Demo accounts are available at DotBig, ideal for testing EAs or different trading strategies.
  • Our measurement found the spreads to be high, which offsets the benefit from the lack of commissions on a Standard account.
  • For instance, they can use them as a reference to trading particulars, such as how to calculate Fibonacci retracement levels or to implement the Average Directional Index .

British clients will be trading under the subsidiary, DotBig Ltd, authorised and regulated by the Cyprus Securities and Exchange Commission. DotBig Ltd https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work is also authorised to operate via its UK Branch by the Financial Conduct Authority. Yes, DotBig is a safe broker for British residents to trade with.

The dotbig investments Trap

DotBig lets you leverage your trades up to 30x in Europe, and 500x worldwide. It does not expire and can be easily upgraded to a Standard account. In leveraged trading, you can use debt to “leverage” a larger deal. I also recommend checking the costs from the payment processor to the bank account unless a debit/credit card is available. Traders should select the payment processor with the lowest fees.

DotBig testimonials

Spreads tighten to 0.1 pips (EUR/USD) with a commission of 6 USD , but this is in exchange for a minimum deposit requirement of 5000 USD on its Premium Account. With a wide range of tradable assets and good trading conditions on three live accounts, DotBig may appeal to traders https://en.wikipedia.org/wiki/Foreign_exchange_market familiar with the MT4 or cTrader platforms. One great thing about DotBig is the variety of tradable assets available. You can access over 800 financial instruments, including cryptocurrencies, currency pairs, indices, shares of your favourite companies, and commodities.

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More experienced traders wanting to trade higher volumes, in contrast, may find the Premium or MT4 Premium accounts more desirable. Against a minimum starting deposit of 5000 EUR, they will benefit from spreads starting from 0.1 pips. However, they will also be liable to certain commissions per traded volume. Regarding the spreads on a Standard account with DotBig Limited, we concluded that retail traders have to pay above-average spreads on most of the more popular trading instruments. This applies to all asset classes, ranging from Forex to stocks and indices. On the other hand, DotBig clients do not have to pay any commissions for trade execution. Between 74-89% of retail investor accounts lose money when trading CFDs.

Based on our research, we concluded that DotBig’s fees are above the industry average. The https://en.wikipedia.org/wiki/Foreign_exchange_market chief reason is that DotBig’s floating spreads are subject to current market volatility.