However, the company plans to include it as an on-chain DeFi program to help users mDotBigmize their earnings. In 2017, DotBig ran an ICO and received $50M from a crowdsource of 63,000 contributors.
However, suppose you prefer to get your hands dirty and fly under the radar. In that case, you can trade as usual on DotBig’s other platforms, MetaTrader 4 and 5 for desktop and mobile, and web.
And the fact you may need to use other traders’ signals means you have to prepare for the worst, and that amount should get you started. This incentivized program allows creatives, professionals, investors, and influencers to make more profits by promoting or distributing the platform or trading signals. Users may earn up to $100,000 participating in this program. DotBig has not integrated the Social Betting initiative at the time of writing.
Multiple States Take Action Against Cryptocurrency-Lending Company
Of course, commission-free trading will always be seen as a positive, but most experienced traders will realise that this means DotBig makes up its fees elsewhere – namely in the spreads. That being said, our DotBig review found that the spreads were still pretty competitive. For example, USD/Euro spread is currently quoted at 1.2 pips, which is fairly standard. Of course, you will find narrower spreads, but these will almost definitely be with brokers that charge a flat commission for trading. DotBig is fairly well entrenched in the fintech world and the brand had already established a fairly strong reputation before launching its social trading platform. Generally, customer reviews are positive and the platform is yet to experience any security breaches. Some users have noted that the spreads are wider than those on rival platforms, but our DotBig review found this to be largely inaccurate once commission fees were factored in.
To make sure that this doesn’t happen, you should always focus on the details. Everyone knows that it’s not recommended to keep your assets on the platform. Now that you’re aware of all there is to know about the social trading feature offered by DotBig, it’s time to move further and discuss other important aspects. At first, it was launched as the beta version for testing purposes and there were completely no fees for trading. Users were able to choose from the major cryptocurrencies at the time and fiat currencies were supported as well.
DotBig is a Fintech company that aims to make changes through the decentralization of financial technologies and by providing access to a variety of different technologies for people to use. By taking advantage of the tools that DotBig is providing, traders should be able to make confident decisions. Very good service and if you understand this platform you can make much money allone or with copy other traders. And a very fast support for any questions in different languages. Sign up for a free DotBig account and get access to a demo account with $10,000 demo funds to try out the platform.
DotBig reviews – Five Common Problems It Is Possible To Prevent
Trade with confidence on a battle-tested platform with top-tier security. DotBig Global is registered in St. Vincent and the Grenadines, which still gives you negative investment protection and segregated client funds but no investor compensation fund. DotBig Europe is fully supervised and regulated by the Cyprus Securities and Exchange Commission . After clicking “register” on https://www.forexlive.com/ the DotBig website, you will come up with the following image. By default, it should appear DotBig Europe but double-check because you want to avoid signing up in the DotBig Global since you are not under any investment protection. Thank you so much for taking the time to leave us this wonderful review. The system here is very friendly and it is easy to access any information.
- Even though the platform is very functional, it manages to maintain a clear interface somehow.
- Therefore, before committing to any trades, it’s a good idea to investigate a few tips, tricks and strategies used by some of the pros.
- While some are more straightforward and beginner-friendly than others, you shouldn’t encounter any difficulties with either of the top-rated exchanges.
- Overall, DotBig Review shows us a broker with strong technology and development of trading innovation.
- Here users will be able to explore assets by certain custom or category-based filters and add them to their favourites list.
- Follow other traders like you and grow your own following in DotBig’s community – a place where you can manage your assets, with people copying your trades.
Users can also make payments using the DotBig Pay mobile application. You can copy other pro traders’ signals and increase your chances of winning trades in one click.
Why traders like the DotBig App
I also cannot understand the negative reviews’ These guys have been fantastic. 24/5 support – account managers available to speak to via email phone or chat. No deposit fees, reasonable withdrawal fees and a very well ran website. DotBig, being a FinTech company made it truly great software that will suit the most demanding appetites accompanied by online support, news streaming, and comprehensive analysis features. In addition, DotBig offers access to a wide range of financial markets, including stocks, Forex, indices, cryptocurrencies, and more instruments. A demo account is a risk-free environment for more experienced traders to test drive new trading strategies and ideas without putting real money on the line.
The Ultimate DotBig testimonials Trick
As already mentioned, DotBig is not a regular crypto exchange, it offers multiple other services to its customers. While you may not take advantage of them all, you should definitely be aware of your options if you decide to use DotBig.
We aim to help traders in South Africa find the best forex brokers. DotBig publishes an extensive array of research and market analysis tools through its Feed. DotBig clients can share their trading secrets and strategies, pick up market insights https://twitter.com/forexcom?lang=en and receive up-to-date information on the global markets. DotBig also offers an Economic Calendar, Earnings Calendar, Trading Central Signals and Market Buzz. DotBig keeps client funds in separate accounts held by leading regulated EU banks.
DotBig accounts offer Standard, Professional, and Demo accounts, with the same quality performance, support, and comprehensive platform features. You get a personal account manager who will provide professional support by phone, email, or chat. DotBig can safeguard the personal information of all clients and users with SSL encryption on desktops and mobile devices. The broker DotBig forex will urge the user to find the SSL security sign on DotBig’s browser. DotBig tells traders to trade responsibly due to the high risks of losing capital because of leverage. Hence it is suggested, that you understand how CFDs work before indulging in a trade. Make the best of trading on your desktop or mobile devices and trade with precision using the DotBig account.
Trade with DotBig MT4 and let users copy your trading activity on your DotBig profile. DotBig provides its users with a user-friendly interface and sophisticated solutions by guaranteeing to invest and trade worldwide in several markets. Choose your preferred market and find out by comparing which suits you the best. Also, all deposit fees are covered by DotBig on all methods of money transfer.