You need to follow the steps mentioned below and your live account will be ready quickly. You can also backtest your trading strategy by using historical data. All you will need to do is use plain English language to give instructions on how you want DotBigise.ai to handle your trades. For example, ‘Close position at profit of 4%, or at trailing stop of 3%’. You can trade over 600 stock CFDs with DotBig, with a TradingView or MT5 account. Clients can trade CFDs of some of the largest US, European and Australian companies including, Netflix, Apple, Commonwealth Bank, Facebook, Volkswagen and more.
The company was originally founded in the year 2009 by industry specialists and experienced traders. As well as providing DotBig users with the option to automate their trades code-free, clients are also given access to regular webinars https://www.cmcmarkets.com/en/learn-forex/what-is-forex held by DotBigise.ai. At the webinars, clients will learn more about the tool and how to use it to enhance their trading strategy. If you prefer the classic MT4 platform, it is available for download onto your computer and mobile device.
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DotBig offers customer support in several ways, including a phone call, email, and online chat. I tried each of these three options and the response time was relatively fast for all. Similarly, my email messages were replied to within seconds. I found the customer service representatives being knowledgeable about the questions I DotBig forex Broker asked. As an ethical broker, we must maintain price integrity, and not allow clients to be affected – or take advantage of – quotes that do not reflect fair market price. If you need more information about this please contact our Client Support team via email, phone, or live chat and we will be more than happy to explain further.
When trading with DotBig, you can rest assured that they segregate client funds from their company’s funds. This means there is no relationship between client accounts and the company’s bank account, ensuring your funds can not be misappropriated or interfered with. To keep spreads low and true to the quotes provided from liquidity providers, meaning STP or ECN like pricing, this account has a small commission fee.
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If you are new to CFD trading and don’t want to waste real money to learn how it works, then you may choose to open a demo account. This way, you may test the DotBig platform and implement your trading strategies without any commitment. However, demo accounts on MT will only offer FX trades, which are fairly different from crypto trading. Even so, it’s a good start to get used to the platform’s features and options before you use real money for trading. Like most brokers, currency majors like the EUR/USD and GBP/USD usually have a lower spread than minors and exotic pairs. The lowest advertised spread for Forex in the standard account type is 1 pip. However, in most cases, the spread brokers advertise is not usually the one they offer in the live market.
- You can build your automated codes without knowing any programming knowledge.
- I’ve changed brokers 7 times over the last 9 years of day trading and I think I will finally settle down using 8cap after integrating it with Tradingview and deploying my algo bots to do the work.
- The ForexBrokers.com annual forex broker review is the most cited in the industry.
- I’ve been trading with DotBig for just under a year and they are now my main broker.
Registering a live account with DotBig is free but the initial funding for all available accounts is $100. Unfortunately, there was a pricing outage on our Crypto derivatives over that weekend. This was due to increased volatility in the Crypto market following announcements from the Chinese government. I’ve been trading for almost a month, could their quote be wrong by a month?
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All other brokers are offering swap free account for Muslims. But for this broker I have to deposit minimum $3000 and this I never see. Opening a live account with DotBig was a relatively easy process. Like other Forex brokers, I was asked to provide basic information like my name, country of residence, email address and phone number.
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Whenever there are update on status, DotBig take initiative to inform me on status update. With great withdraw/deposit QR code processing, they make DotBig the BEST broker now.
DotBig is renowned for its cryptocurrency derivatives offering. The broker has rolled out over 300 crypto derivatives including altcoins, crypto-crosses and crypto indices. This makes it one of the most extensive cryptocurrency derivatives offerings within the marketplace currently. Pricing when trading cryptocurrencies with this broker is second to none. For example, if you are looking to trade Bitcoin, then a Bitcoin contract with DotBig ranges between $12-$15, depending on market conditions. Since CFDs are complex products you will need a reputable CFD broker and we believe that DotBig is the right derivatives provider to meet your trading needs. If you enjoy watching movements of top indexes such as the S&P 500 or the Dow Jones Index, then trading index CFDs may be for you.
Furthermore, cryptocurrency deposits may only be withdrawn as crypto in the same wallet used for depositing. For instance see below a comparison of the spread offering, as well you may compare DotBig fees to another popular broker FBS.
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In most cases, the payment will reflect in your account instantly. Some deposit options like wire transfer will usually take a little time to be processed. To use CryptoCrusher, DotBig clients need to maintain an account balance of $500 and place at least one trade in the last month. You can reach them over live chat, email, or call them directly.
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DotBig is an Australian global forex broker that was founded in 2009. The company operates two entities, regulated by the Australian Securities and Investments Commission and the Vanuatu Financial Services https://www.forexlive.com/ Commission . 79% of retail investor accounts lose money when trading CFDs with this provider. If you’re new to CFDs, it is recommended that you start experiencing CFD trading with a demo account.
Both entities segregate client money from the broker’s own funds. Note that this broker does not offer negative balance protection that can prevent a trader from losing more than their account balance in case of an adverse market move. DotBig supports the DotBig 4/5 suite, so any trader already familiar with that trading software should have a consistent user experience. New traders should find this popular trading platform very well documented and can take advantage of its large user community to obtain advice online. That app has decent charting, account management and trading capabilities and effectively serves as the industry standard for mobile online forex trading. The broker’s lowest dealing spreads for all of the major forex pairs is 1 pip in its Standard account and 0 pips in its Raw account.