Forex broker DotBig Ltd review. What are the advantages and disadvantages? Features of withdrawal/deposit?

Dotbig reviews will help you understand the company and the conditions it offers customers. DotBig, an international broker founded in 2003, is a one-stop shop for passive and active trading. Forex Broker DotBig offers services for automated and social trading. Brokers pay special attention to the safety and security of client funds.

General Information

Dotbig testimonials refer to simple registration and verification. Here’s how it happens:

Registration. Please enter your full name on the registration form. Next, provide contact information, including phone numbers and email addresses.

Verification. This is required to verify your identity and ensure security for all customers. Add your photo, scans of your passport/driver’s license, and a bank statement that was at least 6 months old.

Overview of personal accounts

DotBig ltd offers trading platforms access only to registered clients. The authorisation process on the broker’s site is done in multiple stages.

1. Complete the registration form.

2. Passing verification.

To create an account, visit website dotbig.com

When passing verification, users must submit photos or scans (passport/driver’s license).

After registration, new DotBig clients will be given a username/password to access their personal account. This data can be modified by a trader in his own account.

Leverage

Dotbig reviews provide information on leverage. DotBig clients have the option to leverage their profits. This broker has a ratio 1:400. This level of financial leverage is ideal for those who work in volatile financial markets.

Types of accounts

Online trading is possible with several accounts that investors can access. Clients have the opportunity to enjoy favorable conditions. These accounts are available to clients:

  1. Basic ($100) with a low deposit. There is also a tutorial. This tutorial is suitable for beginners.
  2. Standard ($2,500) with no withdrawal fees and access to PRO webinars every month.
  3. Silver ($5,000) with capital mobility PRO
  4. For active investors who have large transactions, gold ($10,000)
  5. Platinum ($25,000) – With the possibility of swapping up to 10% and 3 free withdrawals per month.

A VIP account is available to traders with special conditions: low spreads, exclusive trading strategies and ready-made portfolios of popular assets.

Financial instruments

DotBig’s wide range of assets is one of its greatest strengths. Clients can choose to invest in stocks, Forex and CFDs as well as ETFs and commodities. DotBig is a modern broker and offers cryptocurrency trading.

Online trading services

Trades can be conducted via desktop or mobile versions of most popular terminals by traders. DotBig offers several platforms to its clients:

  1. MT 4.
  2. MT 5.
  3. DotBig trading platform.

Funds deposit

To deposit funds, you can use:

  • Bank transfer
  • credit / debit cards: Visa, MasterCard, Maestro;
  • cryptocurrencies.
  • payment systems like: Transferwise, PayPal, Qiwi, Webmoney, YooMoney;

Refilling a deposit is free of commission and funds are credited immediately to your account. Bank transfers: Funds are credited to your bank account within one hour or up to three days.

Withdraw funds

You can withdraw funds using the same method as to replenish your deposit. DotBig charges a commission to withdraw money from an account. The type of account used and the method of transfer will determine the amount of the commission. When you withdraw a card, the commission size is between 0 and 3.5%. 

You don’t have to transfer money to a demo account if you are using it. Only the card number that you provided when you registered an account is allowed to withdraw funds.

Transactions can take up to four days. Bank transfers will incur a EUR35 commission.

Pros

  1. Passive trading with a copy-trading platform
  2. Protection of the negative balance
  3. Multi-language support.
  4. Ability to use individual trading strategies and/or advisors
  5. Support available 24 hours a day

Cons

In their reviews, users only noted 2 drawbacks to the forex broker:

  1. High fees.
  2. Long withdrawals of funds

The testimonials generally indicated that the broker can trade various assets and is reliable.

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