Do you want to make money online? If you are reading this article, I guess you do. Online trading is a good option to consider. You might know this from many testimonials of satisfied clients on different forums. But before you sign up for any broker, it’s important to learn more about forex trading in general and about the specific broker you choose. This review is devoted to one such broker.
DotBig LTD is an online brokerage service launched almost 20 years ago. The company tries to keep up with current trends by implementing new technologies and means of communication with its clients. Today, I will try to figure out whether the company succeeds in this struggle.
Which trading platforms are available
The availability of quality trading platforms is a vital feature when it comes to making deals online. The platforms and their solutions might impact the performance of a trader by the execution speed and assistance tools.
Online brokerage companies provide three types of trading platforms: Web, Desktop, and Mobile terminals. Some providers may focus on a specific category. But DotBig supports all types of trading platforms. It has its own trading terminals DotBig Web and DotBig mobile and also provides access to markets via MetaTrader 5 developed by MetaQuotes. Here are short descriptions of each platform.
Features of MetaTrader 5
MetaTrader 5 is one of the widely used online trading terminals. It’s often considered to be one of the best trading platforms on the market for advanced traders who have some years of experience and knowledge about how the platform functions.
MT5 is praised by beginners for its convenient navigation and customizability. It’s also appreciated for the diversity of order types and timeframes – there are 8 types of pending orders and 21 timeframes. One more notable feature is a built-in calendar, allowing one to follow the latest events in the financial markets.
Despite its worldwide popularity, MetaTrader 5 still has some disadvantages to be considered. Here are the most significant cons of this terminal explained:
- tools might appear to be too complex for individuals who just start their journey in the forex trading world;
- MetaTrader 5 has different programming languages from MetaTrader 4, so your experience of trading on its later version is, basically, useless:
- MetaTrader 5 doesn’t allow hedging for exchange markets.
Features of DotBig Web
Unlike MetaTrader 5, DotBig Web is browser-based and you don’t need to download anything on your computer to start trading. DotBig Web also has an economic calendar, with which you can stay tuned to the latest news of the industry and different markets.
Except for this, DotBig Web has a very quality charting system, allowing to follow quotes changes in real-time without refreshing the page. The execution of orders is also fast. Besides, it has trading signals, which might be useful for both beginners and professionals. These robots are effective means of automated trading.
DotBig Web has a considerable disadvantage – it doesn’t have a news feed. This makes its research system a bit poor because clients are forced to search for third-party resources. This takes time, and time plays a vital role when trading.
Social Trading Feature
DotBig has one more cool feature appealing to beginners – the social trading platform. With this service, you don’t need to develop your personal strategy. Your task is to copy deals of more experienced and successful participants for a small commission. You can also set up a Stop Loss feature and indicators for better analysis. DotBit enables using of more than 50 effective indicators.
The website of the broker
In today’s conditions, the website of the online broker might play a vital role. New clients register on the websites, and poor design or navigation might force potential clients to choose another broker for working.
If you visit the website of DotBig LTD, you will notice the pleasant-looking design of the interface. It is also very user-friendly in terms of navigation. Everything is clear from first sight. You can enter different sections of the website and learn everything you want about this company – from its contacts and place of registration to the available trading products.
The website also offers explanations of online services and fast registration. You just enter all necessary data, create a strong password, and complete the verification procedure to get signed up.
In the end, I would like to conclude that I like the range of online services offered by DotBig. Of course, this is not enough to say that you will make profits with the DotBig forex broker. But this is definitely enough to conclude that its tools will help you succeed faster. Just use them wisely and rely on effective strategies.