If you were not interested in trading or long-term investments before, and now you are going to increase your capital by Forex trading, it may be a discovery for you that you cannot do this on your own. According to the law, to carry out transactions on the global financial exchange, it is necessary to pass certification and obtain a special permit. But, as an individual investor, it is enough for you to find a licensed intermediary, like the DotBig broker, who has the right to conduct transactions on behalf of clients.
What opportunities do users get from working with Dotbig on Forex today? There are many of them, but let’s talk about everything in order.
How Do Forex Brokers Work?
After choosing a broker, this intermediary becomes your representative on the exchange.
All further interaction with the trading platform takes place through the website or mobile application. So you will need to install and configure the program or register in your account.
To start trading with a broker, the user needs to register on the website and replenish the balance.
Next, the trader needs to decide on a strategy – for how long and which securities to buy. If the client finds it difficult to make a choice, the brokerage managers will help. Keep in mind that transactions on the exchange are carried out on schedule, that is, a specific time is allocated for accepting applications for the purchase and sale of assets.
What functions does the broker perform?
To begin with, the platform registers a client on the stock exchange and assigns a special code – without this, a trader can not participate in the Forex deals. Throughout the cooperation, the exchange takes into account the client’s funds and securities, accepts and processes requests for the purchase and sale of assets, performs calculations, and reports on the results.
Each broker charges a commission on each transaction. Therefore, it is in its interest that a trader or investor make as many transactions in the market as possible. The more active a market participant is, the higher the earnings.
In addition, the brokerage company provides the following consulting services:
- provide general information about securities;
- give recommendations on the expediency of acquiring specific shares;
- predict price trends.
- Provide customers with the opportunity to purchase securities on credit (sometimes).
What Benefits Do Traders Get by Trading Forex with DotBig?
DotBig trading platform was founded in the early 2000s. Today, it is a company with a brilliant reputation and a huge audience of clients worldwide. The broker offers diverse functionality for conducting Forex trading and concluding transactions in the leading markets of modernity.
Even if you have a limited budget, on the DotBig platform you can start according to your financial capabilities.
According to DotBig reviews, this company is one of the best trading platforms, operating in European countries. It is widely appreciated for its first-class trading tools, a variety of assets and services, as well as operational support.
DotBig Benefits for Clients
Here are the advantages users get from working with this broker:
- Low commissions
Commissions and spreads are the main costs that you should be aware of before starting Forex trading. Also, you need to know about swap rates, which are often ignored by novice traders. You should not trust platforms that offer commission-free pricing. The fact is that most often such intermediaries charge users higher commissions compared to forex platforms that have set rates at an average level.
DotBig exchange does not charge a commission from the client for replenishing the deposit, however, the trader can pay a fee if this is required by the payment system through which he replenishes the balance. When withdrawing a monetary reward, the broker’s users pay up to 3.5% commission. DotBig also charges a small fee for transferring open positions to the next day.
- Fast and secure withdrawal
It is always better for a trader to be able to quickly receive money from his account. This gives the trader more confidence that his investment capital is all right. DotBig Forex prioritizes efficient withdrawal methods so that traders can easily access their funds.
Besides, customers can get a DotBig investment card. This product is designed for crypto traders. With this card, you will be able to instantly deposit and withdraw finances, as well as intelligently use crypto money for online purchases or cash withdrawals at ATMs in many countries around the world.
If there is a confirmed identity verification, the DotBig Forex client can initiate a cash-out procedure. As a payment gateway, you should specify the tool through which the client previously deposited funds to the account. The only exception is the DotBig card. An online trader can request a withdrawal of funds from this card, even if he has not previously used it to make a deposit.
The minimum withdrawal amount is 50 US dollars. The maximum withdrawal amount depends on the type of customer profile and payment method. Withdrawal rate: from a few minutes to a couple of business days. There are practically no delays in the payment of funds, as one can understand from the positive DotBig reviews.
In short, getting the earned profit from trading foreign currency promptly is one of the greatest pleasures in trading! Operational withdrawal is one of the main reasons why traders prefer this company.
- Safety
Security in online trading is of paramount importance. DotBig uses proven protocols to ensure the security of assets and personal information of each trader.
DotBig broker’s security protocols include:
- Encryption technologies. Modern encryption systems ensure that the transmission of user data remains secure and confidential.
- Two-factor authentication (2FA). This security tool requires not only a password and a username but also something only the user has, i.e. a piece of information that only he needs to know. It can be a physical token.
- Audits. Regular audits conducted by external firms ensure transparency and strengthen Dotbig’s credibility and image.
The DotBig trading site gives everyone a chance to earn: investors with experience, beginners in trading, etc.