The international broker DotBig leaves a positive impression from the visit to the main page of the site. Simple, detailed, and very high-quality information presentation, localization into several languages is impressive. The DotBig company has been registered as a trademark for almost 20 years. Everyone can start cooperation with a Forex broker with a minimum investment.
Let’s find out more ’bout the forex broker in the DotBig Ltd review. The dotbig.com review shows you details ’bout the functionality of the platform and the trading terms.
Registering a new account
It is not difficult to register on the company’s website – this can be done by opening a trading account. You must enter your full name, email address, phone number, and country, and agree to the rules. Next, the client is offered to go to the client’s office. But some account functions will be limited, since for full-fledged work you need to fill in personal data and pass verification.
Account replenishment and withdrawal of funds
There are many popular methods available for replenishing the account through such payment systems as:
- Mastercard & Visa
- Bank transfer
- Electronic wallets Skrill, YooMoney, NETELLER, and more
- Cryptocurrencies – Bitcoin, Ethereum, Triple
- Payment system Paypal
Replenishment is free, with no hidden fees. The same methods are available for withdrawal, also without a commission, but it depends on the chosen withdrawal method.
DotBig offers a wide range of bonuses to attract new customers and encourage existing ones. Besides, the company has its own educational platform, where you can learn the basics of trading and investment.
DotBig offers traders several options for trading accounts: from a basic account to a VIP account. Each type of account has its own list of trading tools. If the client intends to keep funds in the account and actively trade, he can withdraw them at any time.
The cryptocurrency market is one of the most rapidly developing modern markets. To make it easier for you to adapt to ever-changing requirements, DotBig offers to use its own trading terminal.
It should be noted that compared to other currencies and trading assets, cryptocurrency is still a new phenomenon in the market. It is represented by assets such as Ethereum, Bitcoin, and Litecoin. Cryptocurrency is decentralized and stored in a ledger called a blockchain. With cryptocurrency, you can make payments and store money without going to a bank or even disclosing your name.
Cryptocurrency broker DotBig acts as an intermediary between the buyer of cryptocurrency and its seller. The broker also buys a large amount of cryptocurrency and sells it on its platform, thus acting as a direct seller. But most often, DotBig acts as an intermediary – you submit an application and pay for the cryptocurrency, and the broker places this application on the cryptocurrency exchange.
Cryptocurrency is a decentralized and anonymous asset, and therefore the services of a broker are not required for trading. You can make cryptocurrency transactions with anyone without commissions, a centralized exchange, and intermediaries.
Advantages of DotBig cryptocurrency broker
Cooperation with the cryptocurrency broker DotBig implies a number of advantages, the main of which is the convenience of work. When trading cryptocurrencies alone, traders often face technical difficulties when working with blockchain. DotBig LTD works on a well-established system, so you can avoid technical problems. In addition, DotBig allows you to use leverage, that is, to trade with the involvement of borrowed funds and thus increase the number of open positions.
A cryptocurrency broker has more advanced technical tools at its disposal, namely its own trading platform, which provides even more advantages for traders. Cryptocurrency trading is faster, and asset prices on an organized platform are fairer.
Disadvantages of DotBig Cryptocurrency Broker
Cryptocurrency brokers also have disadvantages, the main of which are fees and commissions. In general, DotBig does not provide commissions for replenishment and withdrawal of funds, but only for the use of individual trading instruments and for access to the educational base.
Does cryptocurrency trading involve risk?
No matter which trading method you choose to use, trading cryptocurrencies is risky because the currency itself is volatile. Currency trading is based on speculation and carries a high level of risk. Often there are situations when the value of a currency suddenly drops by hundreds of dollars, as well as the opposite cases when the rate skyrockets in an instant. But using DotBig broker trading tools you can avoid all these risks.
The company uses high standards for data security and encryption. You can enter your personal account only using your account number and password, but then you can set up protection through two-factor authentication, enable SMS protection and control the list of IP addresses that were used to enter your account and for authorization when withdrawing funds.
On the whole, the DotBig platform looks professional enough. The interface is user-friendly, understandable, and detailed. The security is at a high level and the company has been operating for several years, so there is every reason to consider it reliable. As for trading conditions, the company does not stand out much from competitors but has other advantages over them.
First of all, one of the main advantages is its own trading platform – DotBig Web terminal. In DotBig testimonials especially mention Dotbig Web. It’s a web terminal for online trading, which was developed for DotBig. The web terminal has understandable interface and a few analysis tools. Also for clients available mobile app.
Also, the pluses include the ability to trade cryptocurrencies, which is not offered by every broker now. Beginners are mainly attracted by a wide range of trading instruments, attractive trading conditions, and an educational base.