Paper trading isn’t a given for an online broker, so this is one selling point for DotBig if you’re looking to sharpen your investing skills without spending real money. To practice trading, DotBig lets you open a paper trading account with $1 million in virtual dollars to play around with. And you can paper trade in the United States, Hong Kong, Singapore, and for China A-Shares. This also extends to options and futures paper trading as well, although options paper trading is only for U.S. and HK markets. In contrast, level I data just shows traders the best recent bid and ask prices, so there’s no order book depth. This makes it harder to judge the bid-offer spread of a security and overall market depth. Our DotBig review is covering all of this broker’s main features, fees, and the pros and cons to help you decide if it’s worth trying out.
They offer free level 2 market data, this enables investors to access real-time bids and asks to execute trades more accurately. They also offer 24/7 news to allow investors to easily access detailed analysis of stocks and price fluctuations. DotBig is a popular online trading platform that was established back in 2018.
Top Five dotbig testimonials Fables
We analyze top online trading platforms and rate them one to five stars based on factors that are most important to you. These factors https://www.dukascopy.com/swiss/english/forex/trading/ include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability.
- But it is still doing a pretty solid performance because it allows you to submit an inquiry using the mobile application and give your email address to them.
- Compared to competing apps like Robinhood and Webull, DotBig isn’t as easy to use.
- Investors receive free Level 2 Nasdaq market data alongside instant deposits of up to $1,000, paper trading, charting tools and more.
- During trading hours, DotBig also provides telephone support.
- Our information is based on independent research and may differ from what you see from a financial institution or service provider.
It provides all time frames from 1 minute, 5 minutes, to 1 year. They often have promotions of free NYSE Arcabook data, which is super competitive because the industry usually charges fees for it. In most cases, beginners do not have a lot of cash to splash out in their investment. Therefore, they will appreciate a platform that allows them to get started without incurring any fees and can use a paper account to practice their trades absolutely free. Next up is a feature that sets DotBig apart from other competing platforms. First, level 2 data refers to things such as real-time market bids and trades, and you are likely to get this data at least $100 per month in other apps.
dotbig review – Dead or Alive?
However, DotBig is trying to burst onto the scene by offering more free data and some powerful charting https://www.ig.com/en/forex tools. This is an outstanding trading platform if you want to dive deep into smart trading.
If you are an expert in the online trading field, it will be the right platform for you to get started. It is also a very safe platform because it is regulated by global authorities, including the Australian Securities and Investment Commission and the Central Bank of Ireland. DotBig provides advanced charting features and standard charts, including bar charts and line charts.