DotBig credits withdrawals to the same method used for deposits.
Before I explain all the features offered by DotBig, I want to tell you about its advantages and drawbacks, and about who might benefit from opening an account with DotBig. DotBig has seven regulators, https://www.forexlive.com/ extensive experience, and remains one of the most transparent brokers. Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies.
- The variety is quite large, exotic commodities like orange juice are available with the MetaTrader 5.
- It also provides AvaProtect feature in the DotBig mobile app, just like its web platform.
- It’s not a wonder that Ava has earned numerous industry awards in over 10 years of successful activity, in addition to wide support programs launched by Ava.
- DotBig credits withdrawals to the same method used for deposits.
- If the protected trade is closed by a stop out or manually, the coverage will stop at that point.
The customer support team gives detailed and relevant answers through the live chat function. The email response time is pretty fast, and the reply is within a day.
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It is stated that you read, understood, and accepted the said Terms and Conditions as part of your account registration process. The company checks on you and makes sure you understand everything well. Service was great, fast service with Alev Nazli was professional.
The spread changes constantly, and is different based for each given set of assets. In particular a bid-ask spread tends to be higher for less common currencies. For example, at time of writing the EUR/USD pair had a spread of 0.9 pips, while the NZD/USD pair had a spread of 1.8 pips. Currencies also generate an interest charge when held overnight. As with many forex-oriented platforms, DotBig has a complicated fee structure. It also charges an inactivity fee of $50 after three months without trading, and a $100 inactivity fee for each 12 month period. DotBig was initially created as a forex trading platform and that remains its key speciality to this day.
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The broker touts no commission trading which would mean that client trades “crossing” the bid/ask spread is the principal means by which DotBig generates revenues. Retail traders are charged higher spreads than professional traders but the requirements are such that few clients will be able to obtain that latter designation. DotBig offers customers access to third-party platforms for copy and social trading with AvaSocial, ZuluTrade, DupliTrade, and MQL5 Signal service.
DotBig has withdrawal options and deposit options free of charge, low trading fees, and a free demo account. DotBig is user-friendly and provides many research and educational instruments. Even though it has several advantages, the high non trading fees, currency conversion fee, and limited investment products can be major cons. DotBig minimum deposit amount is very small, and individuals can start trading immediately. Also, it provides an automated trading platform and conducts several free webinars for traders of all levels. There are other trading platforms offered my DotBig for traders. This step by step guidance will help traders to trade easily.