DotBig Forex: Low Fees and Competitive Trading Conditions for Traders
Whether you prefer to trade currency on Forex, invest in shares of large companies or promising startups (venture investments), or earn money from new and promising crypto projects, you risk losing your capital without a reliable financial intermediary.
When choosing an intermediary in the financial markets, it is crucial to determine your trading goals and style. When comparing the DotBig broker with other companies, it is worth paying attention to the advantages of the broker, including the level of commission and favorable working conditions. You will find more information about this in the blog below.
Types of Brokerage Commissions
Brokers can charge such fees for their services:
- For a deal. It is the general source of income for brokerage companies. The amount of the commission depends on the tariff and the type of transaction. Most often, for beginners, it ranges from 0.05 to 0.3%. Additional fees are also possible, such as the exchange’s commission, which can be included in the brokerage rate, and SWAP, which is a fee for transferring positions to the next day. Some brokers set a minimum commission, but this option is unprofitable for an investor if he has a small volume of transactions.
- For the withdrawal of money. The amount depends on the broker’s terms and conditions. There may be additional withdrawal fees in another currency or with a minimum time between deposit and withdrawal. Some brokers do not have a withdrawal fee.
- The depository commission. It is the fee for storing papers in the account. It is debited once a month for transactions with securities, it usually does not depend on the number of transactions.
- For using the Forex platform. Brokers usually provide an application or other trading software for free if the account balance exceeds the set minimum. If this condition is not met, this service must be paid for.
How much is the commission on DotBig?
The first thing to know about DotBig investments is that there is no deposit fee on the platform and there are no hidden deductions and negative interest payments. This is an obvious advantage of the exchange.
The main brokerage commission that a user faces when trading with DotBig is the spread. This is the difference between the purchase (ask) and sale (bid) prices. The spread serves as a reward for the broker’s assistance in trading.
Different assets, such as currency pairs, commodities, and indices, have different spreads. This indicator for DotBig is floating and starts from 0 points. The spread can rise and fall depending on the situation in the financial markets.
In addition to spreads, DotBig Forex broker provides information about swaps. This fee is also known as the overnight fee or the rollover rate. Swaps are applied to open trades held overnight.
One of the advantages of trading with DotBig is the transparency of the trading commission calculation process. All trading commissions are specified in the user agreement and discussed at the initial stage of cooperation with the broker.
Trading Features
DotBig trading conditions can be considered the most optimal for beginners and experienced traders. Among the advantages of this forex broker are wide opportunities for automatic investment, transparent financial policy, and convenient platforms with instant order processing. To get started in the investment world, DotBig offers to use training materials, a demo account, and, if necessary, enlist the help of a professional analyst.
Trading on the DotBig exchange is available through several trading platforms. The broker improves the software, opening up new investment opportunities for clients.
One can launch one of the trading terminals available at DotBig:
- MetaTrader. Traders worldwide use these trading terminals to access financial markets, make trades, and use advanced charting tools. Simple navigation and customizable charting tools ensure comfortable trading through the MetaTrader platforms.
- DotBig web terminal. This is a universal trading platform that provides access to all assets available from the broker. You can use more than 50 indicators, multiple chart types, and different timeframes.
- Mobile platform. You can download the DotBig Forex trading app from your smartphone. The mobile platform is adapted to the Android or iOS operating platforms and is available for download in the Google Play and App Store.
If the client has no experience in Forex, he can register on the DotBig site for social trading. This service brings together experienced market participants who provide their deals to other users. Thus, a beginner can copy trades and make a profit even without having his own trading experience.
DotBig market tools and support service
The company provides traders with access to the world’s leading stock exchanges. DotBig broker’s clients trade around the clock. The trading platform allows you to open transactions with a variety of assets.
One can choose on DotBig these tools to earn income:
- Currency pairs with the ability to choose from several dozen of the most profitable options.
- Stocks of the world’s leading companies and only self-declared brands.
- Stock indexes of the world’s top exchanges.
- Cryptocurrencies are deservedly considered one of the most marginal assets.
- Commodities and futures on leading raw materials.
- Reliable CFD contracts with favorable terms.
- ETFs with proven trades.
- Investment portfolios with the most advantageous offers.
DotBig is one of the modern Forex companies offering access to online robots, platforms for copy trading, a set of popular market assets, etc. The broker maintains its reputation as an honest service, guaranteeing traders financial and personal security.
Users of the platform can contact the support service experts by phone, via messengers, a feedback form, or an integrated online chat. DotBig reviews prove that support is working well: experts respond quickly and solve various issues.