DotBig Broker Review

If DotBig’s claims of easy, secure, and successful trading have piqued your interest, our in-depth evaluation of DotBig will persuade you otherwise.

In our articles, we review brokers and expose scammers from the US, Canada, Germany, and Czechia to help you spot and stay away from con artists. See all the reasons why you shouldn’t invest with this dodgy brokerage firm in today’s DotBig review.

Broker status: Unregulated Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites: DotBig.com
Blacklisted as a Scam by: N/A
Owned by: DotBig LTD
Headquarters Country: SVG, Estonia
Foundation year: 2022
Supported Platforms: Web trader, Mobile app
Minimum Deposit: 100 USD
Cryptocurrencies: Yes (Bitcoin, Tether, Dogecoin)
Types of Assets: Forex, stocks, indices, commodities, crypto
Maximum Leverage: 1:400
Free Demo Account: Yes
Accepts US clients: Yes

DotBig License

The primary reason to avoid dealing with this fraudulent broker is the fact that it works unlawfully and without a license or regulation. Your money is not protected in any way by doing this.

Moreover, the DotBig broker asserts that Saint Vincent and the Grenadines and Estonia are home to its main offices. Yet, the Estonian Financial Authority’s (FI) registers have no information on this fictitious broker. About SVG, it is a nation with no regulations governing its foreign exchange market, making it a favorite of offshore brokers engaged in dishonest trading practices.

Every brokerage firm must also have the legal right to offer services. The licenses granted by the British FCA, German BaFin, and Australian ASIC are among the most well-known. 

There are several advantages to investing with respectable brokerage firms, particularly those that have a license from a top-tier financial market regulator like the one stated above.

The security of money, which is provided by a variety of mechanisms like negative balance protection, segregated accounts, cooperation with prestigious banks, and bankruptcy insurance, is undoubtedly of utmost importance (e.g. ASIC indemnifies up to 100,000 AUD).

Also, to guarantee ethical conduct, transparency, and adherence to strict regulations, legitimate brokers are continuously watched and evaluated by supervisory authorities; in the event of an outlaw broker, they are prosecuted, punished, and blacklisted.

DotBig is a blatant fraud that operates illegally and unregulatedly. Even if it isn’t now on a warning list, it won’t be long before it is. As a result, it may be said to be extremely dangerous for trading.

Software Functionality

The DotBig website gives traders the assurance that they may access cutting-edge trading platforms. Several fundamental qualities, such quick execution, a variety of trading terminals, and simple navigation, may be helpful to beginners, but they are insufficient for effective instruction.

Notwithstanding the boasts of this fraudulent broker, their online trader is not even close to being as effective as contemporary trading platforms like cTrader, Sirix, MetaTrader 4, and MetaTrader 5. These applications need to be your first pick because they are dependable, available on several platforms, and equipped with cutting-edge tools (stop loss, copy trading, EAs, etc.).

Mobile Trading

With relation to accessibility, DotBig offers a cutting-edge mobile trading app that makes trading on the move simple. That, however, is only one of many speculative claims made by this fraudulent broker. Despite claims to the contrary, it is not available on the Google Play Store or the Apple Store. It deceives traders into trading and then takes their money.

DotBig Trading Accounts 

We come to DotBig Trading’s offer of trading accounts after evaluating it. In actuality, the sorts of accounts are not specifically mentioned. This dishonest broker guarantees that you can trade with more than 100,000 tradable assets, including the ones listed below.

• Forex: EUR/USD, AUD/CAD, GBP/CHF.
• Crypto: Bitcoin, Litecoin, Ripple.
• Indices: DAX30, S&P500, FTSE100.
• Stocks: Apple, Google, Tesla.
• Commodities: gold, silver, sugar.

Regardless of what it offers, this dishonest broker poses a significant risk to your investment, thus you should avoid whatever it has to offer.

Demo Account

It appears that DotBig offers the option of a demo account. You may practice actual trading with no charges or dangers thanks to it. Also, you may test your trading platforms and methods.

This does not alter the reality that DotBig is a broker fraud, though. Better create a demo account with reputable businesses as a result.

Traders’ Reviews 

If you read through DotBig evaluations on the internet, you’ll discover that either they’re false or unfavorable. Regarding the bogus evaluations, they endorse this brokerage company due to its hospitable trading circumstances and ongoing client assistance.

But as soon as you visit its website and see that it’s just another unlicensed, dishonest, and illegal broker, they are quickly disproven. Don’t depend on online reviews, though, since con artists have fabricated them to make them appear favorable.

Trading Conditions

The trading circumstances at DotBig are manipulated by the firm to persuade you to trade. Notwithstanding most jurisdictions’ restrictions (1:30 in the UK and 1:50 in the USA), its leverage is 1:400. The minimum deposit amount is set at 100 USD, which is still greater than most reputable brokers need. For instance, a legitimate brokerage business may allow you to create a real trading account for less than 10 USD.

The exchange’s other terms are unknown, but they can only be as awful as this broker.

Minimum Deposit, Withdrawal Terms, and Fees

To entice you to deposit, DotBig features several logos of well-known businesses (such as PayPal, Skrill, Zelle, Union Pay, Visa, and Master Card) on its website. Yet that doesn’t imply that they work with this dubious broker.

Regarding the availability of these secure and reversible forms of payment, we have serious doubts. It’s more likely that this financial con artist solely takes anonymous cryptocurrency wallets. Regarding withdrawals, there is insufficient data mentioning payoffs for costs and processing times.

Crypto Payments With DotBig Card

With cryptocurrency payments, we’ve already mentioned how difficult they are to cancel and trace. They are so commonly employed in trading frauds. As a result, this scammer provides a DotBig card that accepts cryptocurrency deposits, meaning that all money placed in this manner would be stolen. Check the next section in this situation.

Conclusion

You should be aware that there is a possibility to get your money back if you have been scammed by DotBig or other con artists. Nevertheless, before continuing, don’t forget to post about your unpleasant experience online.

Be mindful that anyone might be duped by a bogus project. Hence, don’t be ashamed to report cyber fraud to the appropriate authorities.

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