The DotBig web app gives you access to almost all the features, including social trading, that are available on the other platform options. You can trade over 500 instruments in a web platform that’s both advanced and user-friendly. Determined to plow a distinctive furrow, DotBig applied its vision to account types. Instead of a suite of different accounts aimed at specific traders, DotBig instead opts for an all-in-one approach. While a one-size-fits-all approach may raise a few eyebrows, it does make sense. You have access, for example, to trade and invest in over 750 instruments, including forex, commodities, cryptocurrencies, indices, and more besides. Get the ultimate user experience at the DotBig trading platform.
What is more, you can send and receive crypto using a registered email address, make instant transactions. https://www.investopedia.com/articles/forex/11/why-trade-forex.asp Also, you can transfer your assets to the DotBig Trader account instantly and start trading.
Moreover, while using DotBig wallet you can instantly access CFDs in stocks, forex, indices, commodities, crypto, and even more. One of the main functions of social trading is auto copying. This function allows you to copy experienced traders automatically and also learn from them. DotBig allows you to see the statistics of each trader, meaning that you can choose the trader on your own based on its performance.
DotBig offers copy trading for both CFD and non-CFD assets from its in-house platform. When talking about social trading, the first company that you might think of is definitely eToro. That’s because it was actually one of the first and probably the most successful platforms that would offer such a service. Now, eToro was founded back in 2010 and DotBig came into the market only in 2015, however, it doesn’t mean that the services the company offers are not as advanced. Today, DotBig is quite a well-known platform for those who are interested in social trading, investments, cryptocurrencies and multiple other services that the company provides. Join our stock & crypto trading social network with over 1 million users.
Based on the users, these are the main reasons why they choose to use this platform. DotBig was founded back in 2015 by Yasin Qureshi and Benjamin Bilski. That was the year when they introduced DotBig trader and its social trading platform for the very first time. Slightly later the same year, the company introduced the DotBig trader and recorded the very first money transaction. In terms of regulatory compliance, security, trading platforms, market analysis and educational resources, DotBig offers an excellent trading experience.
When it comes to Forex trading, there are more than 500 instruments on the platform. What is more, it provides you with very low fees and a quick execution time. Be careful when considering high-risk investments like cryptoassets & cryptocurrencies https://en.wikipedia.org/wiki/Foreign_exchange_market (e.g. bitcoin). Their value can go up and down significantly, without any warning. Make a deposit via any funding method you prefer to start trading with real money on DotBig. The company does offer a cash bonus of $25 for inviting a friend.
The chili-logoed company was created in October 2015 by Yasin Sebastian Qureshi and Benjamin Bilski when they unveiled their innovative social trading app, DotBig trader. Within months, DotBig had secured funding from one of Germany’s oldest banks and won its first international award in London. By mid-2017, DotBig had won further funding from one of China’s DotBig forex largest investment companies and floated on the Frankfurt Stock Exchange. The debut reached a Return on Investment of 260% based on the issue price. The content on DotBig’s trading platform is created by its community members and does not contain any recommendations or advice from DotBig. Copying or replicating trades from other traders involves high risks.
Also, get low spreads irrespective of the size of the account. There are no deposit and withdrawal fees which is quite remarkable. However, forex conversion rates and taxes may apply, which is out of DotBig’s control. Aside from the technical resolution’s customer support, DotBig offers educational privileges https://www.plus500.com/en-US/Trading/Forex to enhance user experience in trading and using its platform. Generally, Blockpug observed that customer support is one area DotBig is investing heavily and growing its reputation. Overall, Rietumu FX is a trustworthy and reliable broker that provides traders with comprehensive digital tools.
When clicking on an asset, you’ll land on the internal view that offers you access to the trading charts, the feed and the asset placement window. Having TradingView charts is definitely a nice touch as they are the industry standard of the highest quality. Overall, DotBig’s mobile platform is well crafted and thought with simplicity for new traders. The first area a user gets to see when successfully logging in is the TRADE section. Here users will be able to explore assets by certain custom or category-based filters and add them to their favourites list. An important factor for our DotBig Review 2022 is the platform’s regulatory credentials.
That being said, if you’re looking for a reliable crypto exchange platform, such as Coinbase or Binance, this might be one of the competitors that you might want to take into account. DotBig’s platform is best known for its Autocopy feature that allows traders to copy each other and thus creating a unique social trading environment with numerous benefits for the users. Yes, DotBig offers an easy-to-use mobile app available on AppStore and Google Play.
Trade with more than 500 instruments and trade from anywhere in just a few clicks. Trade CFDs on the world’s most reliable and trusted platforms through Exchange Traded Funds and access more than 500 instruments. Futures also have fast order execution on more than 500 instruments.
What is also great as we discover within our DotBig review is a choice between the platform you’re getting. So you may select either MetaTrader4, its newer version MetaTrader5, or use proprietary software DotBig Web platform together with its applications. DotBig Overall Ranking is 7 out of 10 based on our testing and compared to over 500 brokers, see our ranking below compared to other industry Leading Brokers. This requires user input to set the stop loss and take profit parameters. When the trade reaches your pre-set values, DotBig Protector steps and closes the trade. To set up DotBig Protector, you enter the desired amount or rate.
The trading platform is easy to navigate through, so beginners can find all the educational materials beforehand and start trading in real-time. DotBig Education & Webinars– Get access to videos, articles, tutorials, webinars, and a wide range of educational materials at the DotBig academy. The DotBig social trading is one of its main features allowing traders the ability to copy trades through the company’s proprietary algorithms. Our DotBig review was also impressed with the overall feel of the website.
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