Broker DotBig For Cryptocurrency Trading

DotBig For Cryptocurrency Trading

DotBig has been on the market since 2003 and during this time has shown its reliability. Over the years of activity, the broker has expanded the number of assets with which users can invest and has become available in many countries of the world, covering thousands of markets. This broker offers to start trading in such a promising direction as cryptocurrencies. You can take advantage of globally recognized trading platforms such as DotBig WEB, MetaTrader 4, and MT5.

It is worth noting that the company began to operate in the cryptocurrency market not so given. Next, you can find out all the useful information about the broker from a detailed review of DotBig Ltd.

DotBig

Pros and cons of cooperation with DotBig broker

Cooperation with the DotBig company has certain advantages and therefore the platform attracts a huge number of clients from almost all over the world.

  1. Wide market coverage.
  2. Competition commissions.
  3. Multilingual interface.
  4. Wide choice of payment methods.
  5. 24/7 customer support.
  6. Top class trading platforms.
  7. Suitable for beginners and experienced traders.

But despite all the advantages of the platform, it is not without its drawbacks. Therefore, before you start trading on this site, study the shortcomings of the broker.

  1. Not available for some countries.
  2. Account without fixed spread.
  3. The number of trading instruments is very limited.

But these shortcomings are insignificant and the platform has much more advantages.

Features of the broker

DotBig LTD offers users the following features:

  1. Hedging, scalping
  2. Online trading in one click
  3. Algo trading strategies
  4. Negative balance protection
  5. Advanced financial chart comparison tools and analytics
  6. Various order types (stop loss, trailing stop, take profit)
  7. Demo account with virtual funds
  8. Educational programs, courses and workshops

In addition, you can use the DotBig mobile app to access the markets all the time. The platform is suitable for monitoring open positions, account balance, trading history, and many other features.

Reliability and license

In DotBig reviews, users often pay attention to the fact that the company has high financial security, which means that the funds are under reliable protection and are processed safely.

In addition, DotBig has a license that confirms the broker’s legal activities. But this does not affect the success in trading, because everything depends on your strategy.

What is the minimum amount for deposits and withdrawals on DotBig?

For most payment systems (bank transfers, VISA/MasterCard, PayPal, etc.), Forex broker DotBig has a minimum withdrawal and deposit amount of $100. But it is recommended to check specifically for the method you need.

Cryptocurrency trading

DotBig Cryptocurrency Broker allows you to buy and sell popular digital currencies such as Bitcoin, Ethereum and Ripple. The process is built on the same principle as traditional stock brokers. To get started, you need to open an account, deposit money into the account and select an asset in which to invest. You will then need to determine how much you want to invest and the broker will make it easy for you to buy.

The choice of strategy for trading will depend on what requirements you have. The platform offers two types of cryptocurrency brokers to buy digital currencies in their true form, which means you will need to store your coins in a private wallet.

You can also invest in cryptocurrencies without owning the underlying asset, meaning you don’t have to worry about storage. Like traditional brokers, you will need to pay a commission in order to invest in cryptocurrencies. This usually comes in the form of a commission, which is calculated based on the value of your investments. You must pay for this at both ends of your transaction. If you are using a cryptocurrency CFD broker, you will probably be able to trade commission-free. However, you will need to pay a distribution fee.

Great demand among users of cryptocurrency broker DotBig is due to the following advantages::

  1. Access to a multi-billion dollar cryptocurrency platform.
  2. Ability to use traditional payment methods.
  3. The ability to short cryptocurrencies through CFDs.
  4. Cryptocurrency brokers work around the clock and seven days a week.
  5. Instant confirmation of identity.
  6. Competitive investment fees.
  7. Some cryptocurrency brokers are regulated by the FCA.

But at the same time, it should be understood that investing in cryptocurrencies is not without risks and therefore do not forget about the disadvantages:

  1. Cryptocurrencies are a high-risk asset class.
  2. In recent years, several brokers have been hacked.

How to open an account on the DotBig website?

To open an account, go to the DotBig home page and click “Register”. To do this, enter basic personal information in your account (name, email address, phone number) and follow the instructions. This procedure is simple and fast, you will spend only a couple of minutes on it. For more information about opening accounts as legal entities and demo accounts, go to the “Opening a trading account” section.

Conclusions

DotBig LTD, judging by the reviews, has a fairly good user rating. The company has been thoroughly tested and this confirms the rating on many sites. In addition, the broker really offers good conditions. Due to the large selection of products and trading platforms, the supplier has a good opportunity for online trading and stands out from most competitors. The trading fees are very low and you get fast and direct execution. A bonus program is also highly recommended, which can bring you additional income.

In general, the broker is worthy of attention and can be recommended as it has not been involved in fraud. Rules, licenses, and sponsorship make the broker a reliable partner. It is a regulated and reliable company that accepts international clients. Offers high leverage and a huge selection of markets and assets. In addition, users can try a free demo account and start trading with a small amount. In addition, professional customer support deserves special attention, which is ready to answer all questions and help solve problems at any time.

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