DotBig provides its clients with the MetaTrader 5. DotBig gives the keys to access the forex market 24 hours a day, 5 days a week, allowing users to trade the most popular major, minor and exotic currency pairs. For full protection of investment DotBig operates negative balance protection along with complete segregation of client funds from company’s assets. Swap Free on all DotBig Account Types . DotBig charges no swaps on long-term positions, providing ideal conditions for long-term trading and investment. For full protection of investment, DotBig operates negative balance protection along with complete segregation of client funds from the company’s assets.
I got in touch with DotBig to see if they could help. They assigned me to one of their advisors, who was very knowledgeable and even demonstrated some impressive techniques in real-time. This gave me the https://www.britannica.com/topic/Bank-of-the-United-States confidence to trust him. He gave me a set of signals on a friday afternoon and by monday morning, my account was in 80% drawdown. Apparently that trader was fined 100k USD however I have no proof.
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Slowly, the demands started for me to put the word out and quotas started regarding how many people I could get to sign up with DotBig. This was so that it would be ‘worth their time’, ‘you do something for me, I do something for you ‘ etc. I disagreed with about 50% of the trading suggestions but mostly went DotBig forex along with them. I often risked 50% of the equity as stop loss without realising it. The account grew 300% in 2 months and all was going well. Then with 2 trades that went very bad very quickly, all was lost in a day. The account hit margin call before it hit the stop loss, which shows how far the stop loss was.
- On long-term positions, negative balance protection, and client funds are separate from DotBig’s funds.
- Financial trading tools including an economic calendar, glossary, and calculators to support trading.
- We do not present any investment advice or guarantees for the accuracy and reliability of the information.
- Each of the account types brings a particular possibility for your trading strategy while allowing either beginning traders, investors, or professionals to find their own way in trading.
- In simple words, it means the broker fully establishes its business according to necessary laws and principles of operation, eventually dedicated to protecting clients and enabling market integrity.
In general, this broker has a clean regulatory record, and its transparency is impeccable. MetaTrader5 platform, which provides a comprehensive trading feature and vast solutions. To process the transaction via major credit/debit cards, Skrill, Neteller, and Bank Wire Transfer. Payment methods vary depending on the entity you are trading with. Gold and Platinum accounts, going down to 0.6 pips. Fixed spreads are around 3 pips for EUR/USD with the Silver account. DotBig offers some of the lowest dealer spreads in the business, starting at 0.6 pips.
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Each of the account types brings a particular possibility for your trading strategy while allowing either beginning traders, investors, or professionals to find their own way in trading. I ended up closing my account from them.
MetaTrader5 is an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools. Traders can enjoy the latest version of the most popular trading platform with plenty of cutting-edge features and benefits brought by DotBig. On long-term positions, negative balance protection, and client funds are separate from DotBig’s funds. All I can say is learn to trade yourself, find a regulated broker and never accept signals. Develop your own signals, be consistent and risk max 2% per trade. European MiFID directive that also enables DotBig to offer its service within the EEA zone and beyond. The stated objective of MiFID is to participate in building a more integrated, deeper, and more effective generating growth capital market while strengthening the protection of investors.
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We do not present any investment advice or guarantees for the accuracy and reliability of the information. DotBig’s representatives are driven to get me to invest, yet are not always available to assist me in my trades. Nevertheless, they have given me insight on how to trade better with better assets. Overall, my portfolio has grown, albeit slowly. Main tool and a very powerful one in the DotBig business strategy is – education, which attracts new traders and gives a great opportunity for both parties.
And that is apart from its largely established social responsibility and other activities they regularly held. https://www.huntington.com/ Financial trading tools including an economic calendar, glossary, and calculators to support trading.
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Is available on both Android and IOS and allows traders to place eight types of pending orders to get more precise control over open positions. MetaTrader5 supports the trading of cryptocurrencies with a set of new and unique crypto features. Several account types designed by DotBig – Standard, Silver, Gold, Platinum, DotBig forex Bronze, Gold, and Premium. All accounts feature the same competitive trading conditions and available services, while higher grade accounts will add on extra benefits. Well, it was sleepless nights and the weekends was very nervous cause the markets would open up or down and it was always BAD, stay away….
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Long story short – if the traders at DotBig were any good at what they do they wouldn’t be chasing after guys with account less than 10k. They would be on a beach, retired and sipping margaritas. Note that when you lose on a trade, the broker gets the money.
I wrote in to complain and after threatening legal action, they assigned me to a senior trader, who was head of compliance. As a form of settlement, they gave me 1k GBP and the idea was that the senior trader would help replace lost equity and regain their trust.