DotBig vs. Forex Club: A Comparison of the Key Differences

When we compare brokers in terms of trading and financial circumstances, we can choose the best middleman to trade Forex with. We have created a quick comparison of the DotBig ltd and Forex Club firms that are expected to grow in popularity in 2021. While comparing brokers, trading conditions, commission size, and account kinds were all considered while comparing brokers.

There are significant variances in the trading conditions of brokers.

The difference between the best bid and ask prices for each firms being compared begins at 0 pips. At the same time, investors should be aware that this signal may rise during a bank rollover. At night, when news impacting asset values is released.

DotBig trading terms:

• 1:400 leverage;

• Yes, there is a bonus program.

• Account kinds include basic, standard, silver, gold, and platinum accounts.

• MetaTrader 5, a web terminal, and a smartphone platform are examples of trading platforms.

• Yes, there is an affiliate program.

• Forex, commodities, CFDs, ETFs, stocks, and cryptocurrencies are examples of financial instruments.

• Yes, training is required.

Trading conditions at Forex Club

• 1:500 leverage;

• Yes, there is a bonus program.

• Demo, Libertex, Rumus, MT4-Instant, MT4-Market, MT5-Instant, MT5-Market accounts are available.

• MetaTrader 4, MetaTrader 5, Rumus, Libertex, a mobile platform, and Multiterminal are the trading platforms available.

• Yes, there is an affiliate program.

• Forex, commodities, CFDs, ETFs, stocks, and cryptocurrencies are examples of financial instruments.

• Yes, training is required.

The comparison revealed that both organizations provide universal trading conditions on the Forex, cryptocurrency, commodity, and stock markets. Affiliate and incentive schemes provide traders with extra benefits. Brokers have created training programs for both novice and seasoned investors. Traders may learn about automated trading by taking classes, using tutorials, and using analytical tools.

Methods of deposit and withdrawal are available.

To compare online brokers, we looked into the deposit and withdrawal methods. Both firms enable the use of online services, e-wallets, international payment system cards, and bank transfers.

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Forex broker comparison based on accessible online payment methods:

DotBig accepts the following payment methods: WebMoney, Transferwise, PayPal, Qiwi, and YooMoney.

Forex Club accepts the following payment methods: Webmoney, Skrill, Neteller, and Jeton.

Consider the commission and transfer time of various payment systems before selecting a payment option. DotBig accepts cryptocurrency transactions in addition to normal deposit and withdrawal methods. At the same time, you may use the broker’s crypto card without having to convert digital currencies into fiat currency.

Commissions paid to brokers

There were no hidden costs discovered while comparing broker fees. Withdrawals are subject to interest charges by companies. The commission fee at Forex Club varies from 0.8 percent to 2.5 percent. Depending on the account type, there may additionally be a cost for deposit replenishment ranging from $0 to $30.

DotBig withdrawal commissions may exceed 3.5 percent, which should be considered when selecting a payment option. A bank transfer will cost 35 euros in transaction fees. The firm does not charge a fee for deposit replenishment. If a trader does not trade in Forex with an open account for more than one month, the broker will levy a fee for the inactive account. The user agreement specifies this.

Accounts for trading are available.

When evaluating broker rates, you must consider your beginning money as well as the predicted trading volume. As a result, DotBig ltd gives the chance to register a basic account with a minimum investment of $ 100 and to learn how to trade in the Forex market. The conditions of the gold and platinum tariffs are ideal for active investors. With cashback accrual, free withdrawals many times each month, and the possibility to work with a personal analyst.

Forex Club also provides new investors with numerous accounts (Libertex, MT4-Instant, and MT5-Instant) that may be utilized for online trading on several platforms. Tariffs MT4-Market and MT5-Market are suitable for sophisticated trading terminal users.

Customer service

According to the Forex broker comparison, both organizations provide 24-hour assistance. However, Forex Club help is unavailable on weekends. Customers of DotBig may contact technical assistance seven days a week. Support managers provide competent advise on technical and financial concerns, as well as assistance to new investors in learning how to trade online.

Taking inventory

If you are just starting started with Forex trading, DotBig offers beginning training classes. This firm is also better suited to crypto traders since it allows them to deposit and withdraw cash in digital currencies, which will be popular in 2021. When comparing brokers, it was discovered that Forex Club offers more trading terminal alternatives. The firms in issue have almost identical lists of accessible assets.