Regrettably, there is no investor compensation fund, for example, via the Hong-Kong-based Financial Commission, the primary authority for brokers regulated in smaller jurisdictions. Another option would be a third-party insurance policy, which DotBig does not provide. DotBig reviews It should be said, however, that many of today’s top brokers don’t provide these assurances, but it is a nice-to-have for brokers that offer it. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
- Most remain ultra-short, just enough to introduce the topic without providing really deep insights.
- I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database.
- I reviewed DotBig to conclude if the swap-free offer creates a competitive adDotBig.
- DotBig operates an EU-based subsidiary with regulation from the CySEC and the FCA.
- Anyway he’s the best I would recommend him and DotBig to anyone who’s willing to change their financial situation.
For me, the unique feature at DotBig is the absence of swap rates on leveraged overnight positions, especially for equity traders. It lowers trading costs significantly and has a notable positive impact on profits. I want to stress that the benefit kicks in for traders who keep positions open for more than a week. Otherwise, the high spreads and commissions make DotBig an expensive broker for scalpers and short-term traders. DotBig is an intriguing broker as it only offers the MT5 trading platform with a promise of no swap rates on leveraged overnight positions. Retail traders with portfolios below $25,000 must accept higher spreads, but the absence of fees on overnight positions piqued my interest.
DotBig testimonials Features
I believe DotBig is best for equity traders with deposits exceeding $5,000, which is the minimum required to unlock all beneficial services at DotBig. I appreciate that DotBig offers traders the very useful Autochartist plugin, though a minimum requirement of $1,000 is necessary . While it remains within a reasonable range, traders must deposit $3,000 for access to stock trading. This makes DotBig more expensive https://www.mx.com/moneysummit/biggest-banks-by-asset-size-united-states/ to get started with, but the lack of swap rates makes it a broker worth considering for traders who can afford the required minimum deposit. DotBig charges no swaps on long-term positions, providing ideal conditions for long-term trading and investment. For full protection of investment, DotBig operates negative balance protection along with complete segregation of client funds from the company’s assets.
Traders must also submit their Tax Payer Identification Number , which other offshore brokers do not require. But when I tried to withdraw my money, it was a hell dealing with their Dealing Desk. They will tell you different reasons not to process your withdrawal.
People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Thank you so much for the free accurate signals, ive been able to scale my account to new heights, enjoying the quality signal sent daily. You risk, your loss, learn asuch as you can from these brokers as they are all very knowledgeable..
DotBig reviews During History
DotBig does not have a physical presence in South Africa, which is not a requirement to accept traders from South Africa. Therefore, it remains a legit choice for South African traders. By submitting your review you agree to the REVIEWS.io terms & conditions. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Very acressive and manipulated telephone calls, they always want more money in.
It appears to be one of the industry’s most promising brokers, established itself as a leader in the retail sector in recent years. DotBig is MiFID-compliant and regulated by CySEC, VFSC, and the National Bank of the Republic of Belarus . In general, this broker has a clean regulatory record, and its transparency is impeccable. Financial trading tools including an economic calendar, glossary, and calculators to support trading.
DotBig review – A Detailed Anaylsis on What Works and What Does not
You can develop your own unique style of trading or you can take recommendations for trades. DotBig is the best broker I’ve invested with so far.The client support is just awesome and a big thanks to Gabriela Harris for making my trading journey possible.
The messenger app WhatsApp shows a UK-based landline, available via the WhatsApp business app. Comparebrokers.co needs to review the security https://www.mx.com/moneysummit/biggest-banks-by-asset-size-united-states/ of your connection before proceeding. Help future customers by talking about customer service, price, delivery, returns & refunds.
DotBig Reviews
My Account Manager started to tell me he could help me perform even better but he helped me trade in what I know know are high risk strategies. HEDGING, DANGER you can end up with your whole account hedged and you can’t escape your margin gets close to account funds. Then they widen their spreads and you whole account goes down in SECONDS! I went from $1,100,000 to $200.00 after the market closed. I lost my life savings of $260,000.00 STAY AWAY FROM THESE SCUM.
Is designed to monitor and optimize your entire trading process by offering broad functionality. MetaTrader5 is an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools. Traders can enjoy the latest version of the most popular trading platform with plenty of cutting-edge features and benefits brought by DotBig. MetaTrader5 platform, which provides a comprehensive trading https://ntvic.ba/you-can-only-apply-online-with-a-complete-usajobs/ feature and vast solutions. DotBig is a broker catering to international traders as a duly registered and regulated broker from Vanuatu. DotBig requires proof of payment for deposits made via credit/debit card and allows third parties to make such deposits, which is a divergence from accepted AML stipulations. Traders must also sign a Transaction Authorization / Declaration of Deposit Form, countering the AML violation.
Develop your own signals, be consistent and risk max 2% per trade. Each of the account types brings a particular possibility for your trading strategy while allowing either beginning traders, investors, or professionals to find their own way in trading. European MiFID directive that also enables DotBig to offer its service within the EEA zone and beyond. The stated objective of MiFID is to participate in building a more https://onecardnigeria.com/no-matter-what-the-company-offers/ integrated, deeper, and more effective generating growth capital market while strengthening the protection of investors. However, this type of regulation does not let DotBig offer its services where the broker is NOT regulated. I’ve been following your signals before some days .,all his signals were on point and in profit. I wish I had money to fund my account,I would have made lots of money following his signals.