The DotBig project is offshore. The registered office of this broker is Suite 305, Griffith Corporate Center, Kingstown, St. Vincent, and the Grenadines. Experienced traders know that this particular address appears on the websites of many other offshore companies.
DotBig does not have a license. This means that its activities are not regulated by any relevant body. There is registration data in the footer of the site, here is the registration number 26350 BC 2021. However, this is not enough to declare the legal operation of this dealing center.
For communication, the broker offers to use four phone numbers, an e-mail, and a feedback form. According to the project, support works around the clock.
There is no exact information about the start date of work, as well as information about the company’s management. It is only known that the company has been operating since 2003.
More details about the broker
DotBig is a progressive online brokerage. With it, traders get access to the global financial market. The broker pays special attention to comfort and safety issues. To do this, DotBig uses innovative software solutions and encryption algorithms for information. The broker follows the market, its employees are leading liquidity providers. Thanks to this, traders receive current quotes.
Features of Forex Broker DotBig
DotBig reviews on the Internet are extremely positive. Clients note favorable trading conditions, round-the-clock technical support service, and a wide range of educational information.
If a trader wants to trade on the stock exchange, he needs to register on the broker’s website. In this case, you must specify personal data and contact information. All clients must be verified. To do this, you must provide scanned copies of documents.
Thus, the broker is protected from scammers and provides security to all clients of the DotBig platform. The broker’s website is well structured, so the client of the platform can easily find the information he is interested in. All registered investors can access training materials and professional analytics. The platform is also equipped with an economic calendar and trading signals to maximize your trading profits.
Benefits of DotBig
- DotBig review indicates a large assortment of assets;
- educational materials in the public domain;
- access to professional tools that allow you to analyze the market and make forecasts;
- platform for social trading;
- 24/7 technical support;
- the presence of protection against a negative amount on the balance sheet.
Disadvantages of DotBig
- significant commission;
- the withdrawal of large amounts of material resources is delayed.
The platform offers not only classic trading but also a passive trading mode. Automated trading allows you to copy successful trades. Social trading provides access to trading robots and advisors. Thanks to the presented programs, users receive signals for making profitable deals.
Today, the DotBig broker does not have affiliate programs. But it continues to develop actively. Thus, the company may have partners in the future.
DotBig trading conditions
The list of traded assets is quite impressive. All opportunities for diversification really exist. The full list looks like this:
- Forex currency pairs.
- Shares, securities.
It is worth noting that Dot Big account types are not listed anywhere. This means that clients do not know the size of the minimum deposit, spreads, the amount of leverage provided, and many other trading conditions.
On the other hand, the broker informs about the available trading platforms. Clients can use:
- Terminal MT5.
- Web Trader.
- MT5 mobile application for IOS and Android.
The company pays the most attention to describing its own advantages. You can and should read them, but you should always remember: the most reliable source of information is real reviews about DotBig, and not what the broker says about himself.
Features of cooperation
- High-security indicators, are the use of “modern technologies” to protect users’ funds, and their personal data.
- Large selection of trading instruments.
- Provision of educational materials – videos, books, training.
- Company integrity. According to the broker, there are no hidden commissions and payments.
- Guarantee of stable operation of trading platforms, absence of failures and lags.
- Large range of supported payment systems.
You can see that most of the above features are standard for such companies (many brokers talk about their honesty, reliability, and so on). And those few that remain are worth considering in more detail, especially the issues of depositing/withdrawing funds.
Replenishment and withdrawal of money from Dot Big
The official website of this dealing center has a list of supported payment systems and some conditions (terms, commissions, etc.).
As you can see, there are really many options. They have one thing in common – everywhere the commission is 0%, and the funds are allegedly credited instantly.
But here it is worth considering one important point: all the above information refers specifically to replenish the account. For some reason, it is not reported about the methods of withdrawing money and commissions when performing these operations.
Despite a large number of declared advantages, this broker has a number of very real disadvantages. The main ones are offshore origin, lack of a license and permits, as well as incomplete information of traders about trading conditions and conditions for withdrawing funds.
To what extent do these shortcomings affect cooperation with the company, reviews about Dot Big will best tell. For questions about the reliability of this broker, you should consult with an independent specialist.
Can I register without a down payment?
When registering, you do not need to immediately replenish the account. You can start trading on a demo account, to which the broker credits virtual funds for opening trades. In this case, you can learn how to trade in the financial markets without risking your money. You need to make a real deposit if you want to trade in financial markets and make a profit.
How can I make a deposit?
You can make a deposit in the trader’s personal account. The forex broker offers several payment options: credit/debit cards, bank transfer, Transferwise, PayPal, Qiwi, Webmoney, YooMoney. You can also fund your account in cryptocurrency.
How secure are my banking transactions?
The forex broker uses strong data encryption methods such as a 128-bit SSL digital certificate. DotBig client funds are held in segregated accounts and are not used in the company’s operations.
How can I find out the status of my deposits?
You can view your account balance in your personal account in the “Deposits” section. In a personal account, you can also track financial transactions and apply for withdrawals.