To have a clear picture, see the following table listing the various account types and the most important fees. We ranked DotBig’s fee levels as low, average or high based on how they compare to those of all reviewed brokers. The platform fee charges ($55 per month) apply but are waived just like on the Professional Account. DotBig keeps customer funds separate from corporate funds with the top-tier financial institution National Bank Australia .
The MetaTrader platform was created by a company called MetaQuotes and is considered to be the most popular in the world for professional traders. With DotBig you can access MetaTrader 4 and MetaTrader 5 for desktop, web and mobile. The easiest, fastest and simple way to trade was through the broker’s own mobile trading app. We found this easy to navigate and the fastest way to place a trade. DotBig had a perfect score in this category as they provide an extensive range of educational materials which include articles, videos and live webinars suitable for beginner traders. The fundamental analysis and technical analysis offer some good quality information, although the technical analysis section is still quite text heavy. Only three major currency pairs are covered in the technical analysis articles.
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The innovative DotBig Mobile App puts a wealth of information at the fingertips of traders on-the-go. In the fast-paced world of online trading there is an award-winning Forex and CFD broker that has been consistently able to stay ahead of the curve. One of Australia’s leading fintech companies, DotBig has announced the launch of The FP… This is done through DotBig Trading Series presenting three sections that help to become the better trader that diverse to a different level of traders, through the established Traders Hub. In addition, the platform enables one click trading, algorithmic rules, indicators, Autochartist and social trading functions that allowing to participate to the active trader community. Also, the MT5 brings one of the best, extended inbuilt indicators and graphical objects via pending orders and displayed currency market depth.
I regret that we provided you with a poor customer experience — it is the exact opposite of what we pride https://www.ig.com/en/forex ourselves on. We value our customers and understand how important it is to offer exceptional service.
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Furthermore, DotBig looking to give back to their clients, by reimbursing VPS purchase. The client can sign-up to a chosen VPS provider https://www.cnbc.com/money-in-motion/ trade minimum of 10 lots on RAW FX and get a cash payment back into the trading account with a mDotBigmum of up to 50$ a month.
- Pending orders allow you to set an order at a specific price level.
- DotBig charges a withdrawal fee, except for domestic bank transfers and withdrawals to credit cards.
- Australian traders focused on the stock market would be pleased with Iress DMA trading platform with charting by TradingView.
- We tested it and collected the options and costs in How to withdraw money on DotBig.
- The DotBig client portal allows traders to deposit funds in 3 currencies, including EUR, USD, and GBP.
Our team provided you with an official reply addressing your concerns and explained in great detail how the account was engaged with abusive practices. Let other traders know if this service is worth checking or should be avoided. DotBig is a forex broker established in 2005 and regulated by ASIC , CySEC , and SVGFSA . Feel free to https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work try DotBig as the account opening is easy and there are no inactivity fees. We called them twice, and each time it took about half a minute to connect. We had mixed experience regarding the helpfulness of phone support, though. During our second call, the agent pointed us to the webpage instead of answering our questions directly.