Several account types designed by DotBig – Standard, Silver, Gold, Platinum, Bronze, Gold, and Premium. All accounts feature https://www.tdameritrade.com/investment-products/forex-trading.html the same competitive trading conditions and available services, while higher grade accounts will add on extra benefits.
- Once they have bled you dry, they allow the account to blow up, after which they tell you they are not responsible as you are the one who presses the button to initiate the trades.
- Legacy FX offers Competitive trading conditions as there are No Rollover fees on long-term positions, negative balance protection, while client funds are separate from DotBig’s funds.
- While a trader may not be satisfied with the results of his/her own trading that does not mean they were not treated fairly by your account manager.
- Apart from this, DotBig also accepts payment via Debit/Credit card and bank wire transfer.
- They promote unsafe trading practices such as giving incentives to trade based on traded lots.
In the end,DotBig defines no fee for withdrawals using Bank Cards,but charges50$ for wire transferwithdrawals. Forthe minimum amount to depositfor the Silver account, the Silver one at DotBig is required to deposit 500dollars to begin however other accounts have greater amounts of deposits as initial deposits. The good thing lies in the fact thatDotBig doesn’t charge fees for electronic wallets and credit cards also,yet may vary from rules to one another. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors.
Picking DotBig reviews
DotBig is an international company providing brokerage services; the firm was originally founded in 2012. But, in 2017, DotBig https://www.tdameritrade.com/investment-products/forex-trading.html rebranded and relaunched its services under new management, established itself as a leader in the retail industry.
The only drawback is that the broker’s spreads are very high, especially for the EUR/USD pair which stands at 3.5pips. In addition to this, the broker also has the Sirix platform that allows traders to engage in social as well as forex trading. We found both the platforms to be user-friendly and rich in essential trading tools & features. They also allow traders to access their accounts through mobile devices, which is a much-needed feature for traders who wish to trade while on the go.
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If any one wants to see their money last time please part of this company. I am in the process of contacting the Cyprus FCA, and financial ombudsman of Cyprus, to look into my case, and hopefully stop these people from trading, and scamming anyone else.
The inability of these providers to generate profit has been showcased by an official test or two from a couple or review portals, so there was definitely something shady/wrong going on, on that front. Leverage, also known as a loan granted from the broker’s side to the trader allows you to trade using the multiplied volume , which can boost your earnings but in the reverse, it raises the risk. Therefore, you must first know how to use tools effectively, as well asdifferent standards of regulation and restrictions establish a certain maximum amount of leverage considered as safe.