DotBig Exchange: A Trusted Platform for Israeli Traders
Israel is one of the countries in the Middle East where Forex trading is well accepted and popular among citizens. It is legal, safe, and widespread in this state.
Some rules protect traders from fraud. There are many regulated local and international brokers available to choose from.
If you live in Israel temporarily or permanently and want to make money on Forex, you must choose a suitable trading platform. For example, such information is crucial, as is whether the broker is regulated or not. In addition, you should make sure that the trading platform offers impeccable trading tools. Also, check the exchange site interface — it should be simple so that you can understand it well and quickly.
In short, choosing a reliable broker such as the DotBig site is the first and most important step to make money on Forex.
Financial Features of Israel
Since 1997, Israel has been considered a state with a developed economy. At the same time, the average annual growth rate of the country’s GDP since 1980 has been 4.3%, which is higher than the growth rate of developed countries from 2.5%.
For example, Israel’s annual GDP was $513,611M for 2023 (according to https://countryeconomy.com/gdp/israel?year=2024).
In nominal terms, the country ranks 28th among other countries. At the same time, it holds second place after the United States in terms of the number of startups per capita worldwide.
The main indices reflecting market sentiment on the Tel Aviv Stock Exchange are TA-35 and TA-125. The first one includes blue-chip stocks, and the second one contains securities of the most expensive companies in the country, which is more representative and strongly correlates with the American S&P 500 index. This is not surprising — the United States is Israel’s largest trading partner.
Inflation in Israel has not exceeded 6% since 2005, and as of February 2023, it is 5.2%. At the same time, the average interest rate on bank deposits in the country is 4.25%, which does not allow depositors to protect their capital from rising prices.
Among the sectors of the Israeli stock market, the technology one is the leader in terms of market capitalization. Finance, utilities, and manufacturing are also in the top 5.
The investment and Forex trading sectors are of great interest to Israeli citizens today. Most international licensed brokers, including the DotBig platform, support accounts for Israeli citizens.
How to Choose a Broker for Trading on Forex?
Forex trading begins with choosing the right broker. If the user has chosen a reliable company, everything will be fine, and the trader will start earning by buying and selling exchange assets. However, if the trading site simulates a reliable company, then the trader will lose money without starting to conduct any deals.
Here are crucial criteria for determining a reliable broker for Israeli traders:
- The period of the broker’s work/activity (a long period of stay on the market is a factor of conditional reliability);
- Access to the exchange for Israeli citizens;
- Wide range of available payment gateways for depositing and withdrawing money;
- The level of commission fees and the initial deposit;
- High-quality technical support, providing prompt reaction speed and decent issue resolution;
- The positive reviews and comments about a particular broker site were written by existing clients.
Why Do Customers Trust DotBig Exchange?
DotBig Forex exchange has gained the trust of customers worldwide due to its reliability, transparency, and many tools for working in financial markets. Online traders write DotBig reviews where they note the high level of service, which includes a user-friendly interface, fast registration, and high-quality technical support.
DotBig pays special attention to the security of customer data. The use of modern technologies makes it possible to minimize the risks of information leakage and protect users’ financial resources. Thus, the exchange uses several security methods, for example, complex SSL encryption.
All operations and data transfer between the trader and the server go through secure channels using SSL certificates (Secure Sockets Layer). This guarantees reliable protection against potential threats.
SSL encryption is a technology that converts data into an unreadable format, making it impossible for third parties to intercept and decrypt it. This feature is especially important for financial transactions, as it ensures the confidentiality and integrity of information such as users’ personal data, financial transactions, and credentials.
DotBig Forex exchange uses the most modern versions of SSL certificates, which increases the level of protection and ensures maximum security for users. The encryption process runs at every stage of interaction with the platform: from registration and account login to transactions and cash outs. This prevents man-in-the-middle attacks, when attackers may try to intercept and modify the transmitted data.
Two-step authentication
Two-factor authentication (2FA) on the DotBig trading platform is a crucial tool for improving user security. This protection method is used to prevent unauthorized access to client’s personal accounts and financial assets.
To log into the personal account, the client of the DotBig broker must confirm his identity through two stages. In the first stage, the client enters a username and password and then receives an additional code that is sent to a registered mobile device.
The second stage is the code that is generated by the system and sent via SMS or using a mobile authentication application (for example, Google Authenticator). This code is valid only for a short time, which greatly complicates the task for attackers trying to access the account without the owner’s permission.
Advantages for DotBig Clients in Israel
The company offers solid benefits that help Israeli clients achieve financial goals:
- Access to global financial markets. Through digital infrastructure, one can invest in stocks, fiat and cryptocurrencies, indices, precious metals, energy carriers, and commodities.
- DotBig does not hide commissions and provides full information about service costs.
- It has an intuitive interface, high-speed query processing, and access via mobile devices making the work comfortable.
- DotBig investment activities are regulated by international authorities, which confirms the company’s compliance with strict standards.
Thus, cooperation with the DotBig exchange is beneficial for both novice traders and professionals.