Forex trading is one of the ways to generate good regular income. We know about more brokerage services, offering various tools and trading instruments, making us more familiar with the conditions in financial markets. But for beginners, it’s complicated to find the best forex broker for online trading because they pay a lot of attention to pricing and often neglect other important factors. In this short review, we are going to reveal some helpful information about one of the most important aspects.
We decided to review a trading account on the DotBig forex broker because this brokerage service is gaining popularity in 2022. There are a lot of positive DotBig testimonials and more reputable media write about the prospects of this company. When writing this review, we relied on the DotBig testimonials and the information from open sources. Let’s get down to business!
Table of Contents
Data and funds safety
The DotBig company displays information about account security measures on its website. The broker guarantees to provide the KYC techniques, which are supposed to help it prevent money laundering and other financial crimes. The KYC policy is implemented through the verification procedure – no trader is allowed to trade with DotBig LTD until his or her account is completely verified.
The DotBig forex broker also ensures secure funds and investments. It declares that all money of clients is stored in safe segregated accounts of European banks, meaning only their owners can access and withdraw the funds. When examining the DotBig testimonials, we didn’t come across any concerns related to the safety of funds.
How to register
The procedure of signing up for the DotBig services is quite common. It consists of 4 basic steps. Here they come:
1. Read about conditions and the policies of the broker
Any brokerage service follows its policies, which in some cases might impose certain restrictions on you. Before confirming them, make sure you know what you accept. For example, the DotBig forex broker has inactivity fees. This means you will be charged additional money for being inactive on your trading account for some time. Get familiar with this condition to understand how to avoid this. Or you might be interested in whether the company’s services are legitimate in your country. For this, you have to know about the jurisdiction of the broker.
2. Enter your data in the registration form
When you approach the official website of the DotBig forex broker, you can sign up by clicking Registration in the top right corner. After this, you will see a form, which will ask you to enter basic information about yourself. Type this information down and confirm the terms and conditions of the broker. Click the “Create an account” button”
3. Verify your account
Only verified users can trade on the DotBig trading platform because this is an essential requirement of the KYC policy. The broker will send you instructions on how to verify your account after you created it on the website. This procedure is much the same for different forex brokers and trading platforms. All you have to do is to send a copy or photograph of your ID document. The broker accepts either passport or a driving license. Also, send the document that proves your address.
In general, DotBig clients don’t have concerns about this procedure in their DotBig testimonials. What they don’t like is that it often takes longer than they expect. To tell the truth, this is a common thing for brokers. They can’t check this data automatically, that’s why this procedure might take up to 3 days, or even more. In many cases, accounts are verified in several hours.
4. Choose your plan and activate your account
DotBig LTD offers several account plans, including Basic, Silver, Gold, and Platinum. Each has its requirement on the minimum deposit and provides its special perks. The Basic account is the cheapest plan. If you are just exploring this forex broker, this might be the most optimal option for you. The minimum deposit to activate your trading account is $250.
Our final thought
If you are intending to start trading with DotBig, you might use this dotbig.com review and our guide to create an account. We consider it safe but if you want to know if it’s profitable, go to the DotBig testimonials and find out more about trading conditions. Explore the financial markets, the assets, and spreads to make money on a regular basis!