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It also remains registered in 29 European countries as a financial firm, making it one of the most legit brokers in Europe. Retail traders at DotBig are unable to request bonuses, as the European Securities and Markets Authority , the super-regulator of the EU, banned them.
If you’re ready to trade on a real account, then the most popular one for less experienced traders at DotBig is the Pro account. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit. The Prime account offers an average of 0.3 pip spreads on the EUR/USD, and a commission of US Dollar 2 per standard lot , bringing the all-in cost to roughly 0.7 pips. This minimum deposit amount required for Standard Account registration will depend on the payment system chosen. Indices trading with unique conditions – tight spreads (average spread for DE30Cash is 0.5 EUR), minimum lot and step of trading volume is 0.01, fast order execution. FBS offer educational support for more experienced traders and DotBig does not.
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With the affiliate option clients receive payouts and a full support system. Within the framework of the program, a client has an opportunity to withdraw funds from their Members Area twice a month without paying any commissions. It combines advanced technologies of order execution and distributed computations, thus providing an excellent opportunity for implementing the most ambitious trading ideas. The minimum amount of the first deposit that is required for Cent, Standard, ECN and R Trader accounts is 100 USD / 100 EUR / 100 GBP respectively. Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers.
DotBig received a high score in the Tradable Instruments category in our rating. The broker offers an extremely high number of stocks and stock CFDs, and a high number of CFDs on commodity ETFs. Traders will have to spend some time getting accustomed to R StocksTrader, but the platform is easy to use. The platform offers a wide range of technical indicators, so it can be used for sophisticated technical analysis. The https://www.forex.com/ technical offering is not as rich as in MT5 case, but the R StocksTrader indicators will be sufficient for most traders. In general, traders should keep in mind that the R StocksTrader account is designed to be a one-stop shop for various instruments, but it is focused on stock traders. For stocks, DotBig has a low spread for Apple and a medium spread for Tesla, while the commissions for both instruments is medium.
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Equity and commodity traders have an excellent asset selection, but Forex traders must accept a below-average choice of assets. Scalpers will find the high-liquid currency pairs more than sufficient, and I can highly recommend DotBig to them. Trading with a regulated broker will limit the potential for fraud and malpractice. DotBig received a decent score in the Platforms and Tools category. The broker offers the highly popular MetaTrader 4 and MetaTrader 5 platforms, as well as an in-house R StocksTrader platform and DotBig Terminals. Retail traders will also enjoy the protection of the Investor Compensation Fund of Cyprus, which provides compensation of up to €20,000 per client in case the broker has financial problems.
- DotBig caters to most international traders, including the Czech Republic, Germany, Slovakia, Cyprus, and Spain.
- Typically, this order is necessary when the instrument’s price begins to move quickly.
- A demo account is an account that allows you to test the broker’s services and your trading skills without risking your money.
- Traders may also call one of the seven phone numbers or request a callback.
- This may impact how, where and which products / companies / services we review and write about.
- The company is audited on a regular basis and is therefore considered safe and reliable.
Investors must understand and acknowledge these specific characteristics and risks and be warned that there is no EU regulatory framework governing trading in cryptocurrency products. DotBig provides access to a wide range of asset classes, including forex, stocks, indices, and cryptocurrencies. DotBig, as a multi-asset broker, provides multiple resources https://en.wikipedia.org/wiki/Foreign_exchange_market to its investors. The Company offers more than 12,000 instruments for trading from 8 different categories such as Real Stocks, ETFs, Indices, Currencies and others. I prefer to work with them because they do not limit the possibility of automated trading, there are no re-quotes and slippages. For Prime accounts the minimum deposit you can make is 5,000 USD.
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