DotBig, according to its company description, is “constantly growing” and has an “international” reach. The company has a 4.4/5 rating on Trustpilot, providing its traders with features like social trading, access to many different assets and markets, and investment portfolio services. According to DotBig, the three main reasons to work with this broker are its transparency, flexibility, and risk minimization.
DotBig’s experts include Margo Pazhinskaya, a financial analyst and alum of Vilnius Gediminas Technical University, cryptocurrency specialist Emil Lavrov, marketing director Doris Becker, banker Daniel Rong, and several others. You can find a list of the company’s main officials at https://dotbig.com/about/. Read through this review to see if DotBig is the right broker for you.
Pros and Cons
Pros
- Many Different Assets
- No Commissions On Deposits
- Copy Trading Available
- Investment Portfolio Services Available
Cons
- High Inactivity Fees
- No MetaTrader Suite
Recommended For
When evaluating who a broker is best for, it is often helpful to look at the educational tools the company offers. DotBig might have a wide range of assets from which to choose, but it does not offer as many educational tools as other brokers do. For that reason, we have to recommend DotBig for moderate to advanced traders who already have knowledge of the industry and do not need to rely on these resources. If you’re a trader who needs a lot of educational help, you may want to look elsewhere.
Additionally, traders from aggregate review sites have noted that this broker is best for day traders, active investors, and scalpers, as well as traders who want to trade an expansive range of assets and securities.
Top Features
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Web Trader Platform. If you’ve been in the trading industry for any length of time, then you’ve likely heard of Web Trader . DotBig Web is a trading platform that lets you trade right from your laptop or desktop computer. Features include over fifty analytical indicators, pending order availability, charts, and timeframes. DotBig Web is adaptable for Mac OS X and Windows. According to DotBig, this platform provides fast order processing, easy customization, and other trader-centric features.
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DotBig Venture Investment Club. This club was created for both corporate and private investors who want to invest in startups and IPOs that could, potentially, be profitable. These companies do carry the risk of losing money, but some, such as Snapchat, Ozon, LinguaLeo, and Jelastic, have proven themselves lucrative. If you’re comfortable taking the risk, DotBig has a club for you.
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Portfolio Investment Service. This service helps you create your own investment portfolio with securities that fit your strategy and objectives. You can choose between long- and short-term investments, among other parameters. This service is useful for traders who want to build their own portfolios with some guidance.
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DotBig Signals. These free trading signals, provided by DotBig, allow you to automatically trade popular assets. There are news algorithms that inform you about important financial events, automated trading cues, and price signals that are based on verified information.
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Economic Calendar. This type of service is provided by a lot of brokers, including DotBig. DotBig’s economic calendars consist of professional analytical tools that monitor local and worldwide Forex news. DotBig bills its economic calendar as useful to all of its clients, regardless of trading strategies or goals.
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Social Trading. Trading doesn’t have to be an isolative activity, and DotBig offers a way to interact with fellow traders through social trading. Social trading allows you to copy the trades of successful traders, and you can be both the copier and the person being copied. If you’re in the latter camp, DotBig allows you to earn when others copy your trades. If you’re copying traders, you can access reduce tools like Take Profit and Stop Loss orders.
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Wide Range of Assets. The market access with DotBig is very impressive. You can trade over 100,000 assets, including Forex, stocks, commodities, cryptocurrencies, indices, CFDs, ETFs, and more. Traders who want a lot of instruments from which to choose will appreciate this characteristic of DotBig.
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Risk Minimization Features. Trading is very risky. But, according to DotBig, the broker can help traders minimize these risks through tools like Take Profit and Stop Loss orders and negative balance protection. Though this is not a total safeguard, it’s nice to see a broker offer these to its clientele.
Overview
- Type of Broker ECN/STP Broker
- Regulation & Licensing Unlisted
- Clients Accepted from 97 countries
- Assets Offered Forex, Stocks, Indices, Cryptocurrencies, Commodities, CFD, ETF
- Platforms Available Web, Mobile
- Mobile Compatibility iOS, Android
- Payment Types Accepted Visa, Maestro, Mastercard, Bank Transfer, Western Union, Skrill, Transferwise, PayPal, WebMoney, YooMoney, Cryptocurrencies
Account Types
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Trader Account |
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Features |
Wide Range of Assets, Opens After Registration |
|
Account Currencies |
USD+ |
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Available Leverage |
1:400 |
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Minimum Deposit |
Varies |
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Commission Per Trade |
$0 On Stocks |
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Decimal Pricing |
Up to 5 |
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Trading Instruments |
1000+ Assets (Forex, Stocks, Indices, Cryptocurrencies, Commodities, CFD, ETF) |
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Min. Lot Size Per Trade |
From 0.01 |
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Spreads |
From 1 |
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Demo Account |
Yes |
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Swap/Rollover Free |
No |
|
Copy Trading Support |
Yes |
Trading Platforms
- WebTrader
- iOS App
- Android App
Trading and Investment Tools
- One Click Trading Yes (WebTrader)
- Trade-off Charts Yes (WebTrader)
- Email Alerts Yes (WebTrader)
- Mobile Alerts Yes (WebTrader)
- Stop Order Yes (WebTrader)
- Market Order Yes (WebTrader)
- Trailing Stop Order Yes (WebTrader)
- OCO Orders No
- Limit Order Yes
- 24hr Trading Yes
- Charting Package Yes (WebTrader)
- Streaming News Feed Yes (WebTrader)
Compliance & Regulation
DotBig LTD owns DotBig as its trademark, and the LTD company’s number is 26350 BC 2021. Its address is registered in St. Vincent and the Grenadines. Transactions for DotBig are processed by Dotwallet, a company registered in Estonia. There is no regulatory body listed for this broker.
Fees & Commissions
- Rollover Fee Unlisted
- Margin Interest Unlisted
Pricing
Trading stocks without commissions is one of DotBig’s highlights. You can buy and sell the securities of some of the world’s largest companies, and you can do so without paying a deposit commission. Additionally, you can trade stocks with no negative interest payments or hidden deductions.
One fee to note with this broker is its inactive account fee. Though it does not charge deposit fees, there is a fee charged for accounts unused for sixty days in a row. DotBig charges as much as $100 per month for inactive accounts, a fee that is somewhat high in the industry.
Service Details
- Supported Languages Multiple
- Customer Service By DotBig
- Customer Service Hours 24/7
- Email Response Time Within 48 Hours
- Telephone Orders No
- Personal Account Manager No
Reliability & Security
DotBig describes its trading services as “safe” and “profitable.” According to this broker, it uses “safety benchmarks” and “modern technologies” to protect its clients’ personal information and money.
User Experience
There are a few ratings about DotBig online that indicate this broker has above-average reviews from its clients. Trustpilot rated DotBig a 4.4/5 out of 45 reviews, while Site Jabber gave it a 4.2/5 out of 28 reviews. This broker also lists its reviews on its website from Trustpilot at https://dotbig.com/reviews/. They’re pretty transparent, listing both positive and negative comments (as opposed to only posting the positive ones).
Final Thoughts
DotBig’s greatest strength is its market access and wide range of assets. This broker is a good option for traders who like trading via the web, don’t need a download, and are looking for a broker that is all business. Though DotBig doesn’t have many educational tools, it offers a lot of instruments with which to trade. Whether you’ll like this broker depends on what your priorities are and what you’re looking for in a trading platform.
Contact Info
Suite 305, Griffith Corporate Center, Kingstown, VC0100, St. Vincent and Grenadines
FAQs
Q: How do I register for an account?
A: Go to https://dotbig.com/. Click on the REGISTRATION button in the right-hand corner. Then, a window will pop up asking for basic information like your name, email, phone, password, and a promo code, if applicable. Agree to the company’s terms and conditions, and you can move forward with the verification process.
Q: What is required to verify an account?
A: You need your passport/driver’s license (both the front and back side, unexpired) and a utility bill or bank statement with your name, full address,. If you use a bank card to deposit funds, you’ll need to verify it by sending the first 6 and the last 4 digits of your card, expiry date and the name of the cardholder.
Q: Where can I access DotBig services?
A: According to this broker, clients can log into their accounts anywhere in the world where they have access to the Internet. But, the availability of the “legal authority” varies depending on where the investors live. DotBig does not offer its services to residents of certain jurisdictions.
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