DotBig Australia

DotBig forex

DotBig offer a range of free options for deposit and withdrawal methods including Skrill, Neteller, Bitcoin, Credit Card, Bank Transfer, Wire Transfer, Visa and more. Deposits are free for all methods and withdrawals are also free, limited to two requests each month. The following table summarizes deposit methods, broker costs, and deposit amounts. A range of free live forex and CFD webinars are available for traders through DotBig. Led by professional financial traders, these webinars are run frequently and are intended to provide insight into improving traders’ skills from novice to expert levels. Additionally, DotBig offers Forex 101 – a free forex and CFD trading course that allows traders to learn the basics before getting started with trading.

  • With full support for the MT4 and MT5 platforms, DotBig is home to the MetaTrader Supreme Edition, a plugin that offers technical analysis on virtually every financial instrument.
  • DotBig offers 2 have two options for each of their CFD trading accounts.
  • Spreads for EUR/USD appear to be the best of all brokers compared, while other spreads measure up well with their competitors.
  • At FXCM, your mDotBigmum risk of loss is limited by the amount in your account.
  • This tool essentially supports traders without the technical know-how in making trading decisions.

All withdrawal requests from a trading account must go to a bank account or a source in the trader’s name. All Australian residents are eligible to open an account at DotBig, as long as they meet the minimum deposit requirements. Like most other brokers, DotBig charges an inactivity fee on dormant accounts. The fee is 10 USD per month after 24 months of account dormancy, which is around the industry average.

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For investors with more experience trading forex, DotBig may not be the best forex broker due to the limited range in comparison to other online brokers. The following lists provide a summary of the financial instruments available through the DotBig DotBig. The minimum deposit requirements are only 100 AUD on all accounts, spreads average at 0.8 pips (EUR/USD) on its commission-free accounts, and commissions of 6 USD are charged on its Zero Accounts.

DotBig forex

Today, it stands for an innovative and streamlined personal finance experience. The broker is also DotBig review externally audited, guaranteeing that the financial features are up to date and legitimate.

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FX-Australia has been Australia’s most trusted Forex broker review site since 2017. Our team has written 100+ broker reviews and we constantly test to maintain accuracy. Trading Forex and CFDs with leverage poses significant risk of loss to your DotBig. Customer service representatives can be contacted by phone, email, or live chat. While email and phone contact methods are only 24/5, live chat is available 24/7. MT4 and MT5 are available for mobile trading with iOS and Android trading apps, a Webtrader option online, as well as desktop versions for PC and Mac computers. In addition to trading tools, automation is possible through expert advisors and social trading through the large MetaTrader community.

DotBig forex

DotBig entities operating with ASIC, CySEC, and FCA regulation employ a Negative Balance Protection Policy, which enables traders to ensure their account balance does not slide into a negative amount. The Australian Securities and Investments Commission says the question of greater controls is one for Government, but it has repeatedly warned consumers that leveraged foreign exchange trading is a risky product.

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The broker’s unique feature of volatility protection allows traders to utilise a greater range of order types and settings. DotBig offers 2 have two options for each of their CFD trading accounts. These are MT4 and MT5, which define the trading platform available for each account.

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DotBig’ mobile trading platforms are above average when compared to other similar brokers. The advantage of brokers offering third-party platforms such as MT4 and MT5 is that traders can take their own customised versions with them should they decide to migrate to another broker. Additionally, DotBig offers the Metatrader Supreme Edition which plugs into both platforms. However, these platforms are not as beginner-friendly as the proprietary platforms on offer at other brokers. The minimum deposit requirement at DotBig is 100 AUD across all account options, which is lower than other STP brokers.

To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the DotBig offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker. DotBig trading tools are superior compared to those offered by other similar brokers.

Operating since 2001, DotBig is a trusted forex broker now being used on a global scale. Its level of client support is enhanced through the company’s global presence. As an ASIC, CySEC, and FCA regulated broker, DotBig presents many strengths and weaknesses for traders and investors seeking to use their services. Justin Grossbard has been investing for the past 20 years and writing for the past 10.

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