Anyone who has clearly decided to trade on exchanges first of all has to solve the case – how and where to find a suitable Forex broker. This is a crucial point.
Well, choosing a broker, first we need to think about what characteristics the best broker should have, and then proceed to compare with what is available. If considering each trading platform individually, it turns out that the conditions, advantages, and disadvantages may differ for all. In this regard, it is never easy to find a Forex intermediary meeting the requirements of the trader from all sides.
Below, let’s figure out why the DotBig company is ideal for traders of all scales.
How to Choose a Broker?
So, to start trading Forex, you need to find a broker. Here are crucial criteria to consider:
- Duration of work in the market. Today, brokerage sites are becoming numerous. Unfortunately, many are one-dayers, scammers who extort money from inexperienced and gullible Internet users. By what first criterion can one distinguish a one-day project from a worthwhile one? Indeed, according to the time of existence on the market. The more time a company has spent on the market, the more reliable it is. The time of existence allows one to weed out questionable candidates, but this does not narrow the scope under which many brokers still fall.
- The second criterion is the number of clients (the popularity of the company) and their attitude toward the broker – the credibility of the trading company. In most cases, it is quite possible to get at least an approximate idea of the number of traders in a particular company.
- Spreads. All brokers earn on spreads – the difference between the purchase price of a currency (called a bid /bid price) and the sale price (Ask). The spread is not a constant value and periodically narrows and expands, but there are particular values. So, the task is to choose a trading company, like the DotBig site, with minimal spreads on key currency pairs. Comparing the spreads for the above pairs from different brokers will help you draw conclusions. If you choose scalping as your trading strategy, then the level of income from spreads will depend very much.
- Leverage. The higher it is, the more risky transactions you will be able to make on the stock exchange. If you plan to trade conservatively and cautiously, then you can not pay much attention to this support.
- Trading options. The next significant benefit of the exchange is the number of tools the broker allows users to trade. They are divided into different categories. The main one is the major currency pairs. Exotic-type tools are not used by all users in trading due to too large spreads, although they are no worse suited for medium-term strategies than “majors”.
- Training service. If you are new to Forex and have no idea about trading, it is best to find a broker, for example, DotBig Exchange, who will provide high-quality training. The ideal option is webinars where you can ask questions to the teacher online.
DotBig for New and Experienced Traders
There are a lot of offers from intermediaries on the Internet to work with investments, but it is important to study the recommendations and feedback from experienced users. For example, Dotbig Broker has mostly positive reviews, which indicates the reliability and profitability of cooperation. In particular, customers point out the following advantages:
- Verification is thorough, which means that the resource takes the security of its customers seriously.
- The withdrawal of funds takes place as soon as possible.
- Brilliant trading conditions.
- Effective and prompt helpline.
- Convenient conditions for beginners.
- Clear, intuitive interface.
- Protection against negative balance.
- Support of trading from a mobile phone.
- Wide range of analytical tools.
- Moderate commission, no hidden charges
Thus, it can be concluded from studying DotBig reviews that working with this broker guarantees success even for beginners and pros. The training system on the site allows anyone to master the market from scratch, even for those who always thought they were far from trading, there is also a system for copying trades from experienced ones.
Features of the DotBig Broker
The DotBig company differs from its competitors in its advanced trading tools and easy access to any existing types of exchange assets from a single account. Online traders get the opportunity to replenish deposits in any convenient currency. If desired, clients can receive training courses from DotBig’s expert analysts, as well as enlist the help of a personal manager who will play on their side and help them choose the right assets, an effective strategy, and conclude profitable Forex transactions.
Forecasts of financial analysts on the site help to make profitable deals, and trading signals open up the world of effective automated trading with the help of robots. The DotBig trading platform allows one to use their trading techniques and legally copy other clients’ successful deals and strategies, for which their authors receive remuneration. Social trading helps to mitigate financial risks and increases the chances of successful stock speculation.
Thanks to two convenient platforms, such as the web version and the application, access to the DotBig trading terminal is available around the clock from any device: mobile, tablet, or PC.
Conclusion
The key to a Forex trading success lies in choosing the right broker. The DotBig investment company has firmly established itself in the ranking of the best Forex service providers, having its own trading platform with analytics and a wide range of exchange services and tools. The company is registered and operates under international law, so all the rights of the company’s clients are protected by law.