Broker comparison
There are a huge number of brokerage companies on the market that offer different conditions for trading. Because of this, many users face the following difficulties:
- uncertainty in choosing one of the brokers they like
- the desire to compare the main indicators of brokers (conditions, deposit methods, traded assets)
- interest in investments, and choosing a worthy broker
- identification of the need for information about the broker
Broker comparison will allow you to solve these issues and understand which of the platforms offers the most favorable conditions for trading.
Comparison table
A broker is an intermediary that unites the stock exchange, issuing companies and investors; neither investors nor traders can do without his participation. For an investor or a novice trader, it is important to open a brokerage deposit on a reliable site.
In practice, it is difficult to choose a broker; in order to avoid mistakes, it is important to know the main parameters for evaluating intermediaries. The algorithm for evaluating brokerage services is as follows:
- having a license;
- market position;
- access to world exchanges;
- investment amount;
- service price;
- availability;
- quality of service.
But we will focus on more important criteria.
| RoboForex | Exness | DotBig | AMarkets | ICMarkets | |
| Recommended for | newbies and professional traders | newbies and professional traders | newbies and professional traders | newbies and professional traders | newbies and professional traders |
| First time deposit Discount | – | – | – | – | – |
| Regulated by | IFCS | CySEC | The Financial Services Authority St. Vincent and the Grenadines | The Financial Services Authority St. Vincent and the Grenadines | ASIC, ACN |
| Deposit and withdrawal | up to $ 1000 | up to $ 300 | up to $ 100 | up to $ 500 | up to $ 2000 |
| Minimum deposit | $10 | $1 | $100 | $50 | $1000 |
| Trading platforms | MT4, MT5 | MT4, MT5 | MT4, MT5, DotBig Web | MT4, MT5 | MT4, MT5 |
| Markets and products | cryptocurrency, CDF, stocks | cryptocurrency, CDF, stocks | gold, silver, cryptocurrency, CDF, stocks, indexes, ETF | cryptocurrency, CDF, stocks | cryptocurrency, CDF, stocks |
| Demo account | + | – | + | – | – |
| Customer service | 24/7 | 24/7 | 24/7 | 24/7 | 24/7 |
| Security | + | + | + | + | + |
All five of these Forex brokers have licenses, so beginners can be sure that they will not be deceived here, and that funds will be promptly credited to their account and withdrawn. In addition, some of the companies have a minimum deposit which is as low as $1.
An additional point of comparison
The parameters listed above, including the convenience of depositing and withdrawing funds, are not the main selection criteria. It is necessary to take into account the number of available tools, and ease of use. Since there are many parameters, a complex analysis is required. The transition to another intermediary is associated with time and financial costs and availability.
Main differences between brokers
Proper analysis of Forex brokers require a significant amount of time, and a novice trader will need to spend several days on this process. After all, he will need to find and verify information licensed by the company, test the trading and investment tools it offers, give a technical assessment of the quality of the service, and study the reviews.
An analysis of the TOP brokers suggests that investors and traders prefer companies that have been on the market for more than 10 years. Continuous work is considered a guarantee of honesty and reliability. Most also pay attention to the presence of a license, although security is also provided by companies registered abroad.
If you look at the ratings in different sources, you can immediately see that the positions of intermediaries are different, since different indicators are used for evaluation. The number of clients, the assessment of the association of traders, and reviews are taken into account.
It should be noted that DotBig provides more favorable conditions for cooperation. First of all, this is due to the minimum entry threshold of only $100. In addition, the broker has a fairly large selection of trading instruments, assets, and a simple, understandable interface. Many representatives in this field prefer the DotBig company and give good reviews about the broker.
The peculiarity of the leader of this list is that the platform has its own investment software. This is a fully automated platform, which today has no analogs in the world.
DotBig comparison with other brokers showed that another of the key advantages of the DotBig broker is the speed of copying transactions – no more than a couple of milliseconds. Using RAMM accounts. That is, the broker provides trust management services to traders using RAMM accounts. Technically, this is also an automated service for copying trades, but with a built-in risk management system. This system allows the trader to set the level of risk himself by setting various parameters and optimizing losses in accordance with the chosen strategy.
Conclusions
Of the listed companies, the young company DotBig LTD attracts attention the most. The broker provides services of online trading. Main trading instruments: currency pairs (Forex), CFDs on shares, indices, stock products, cryptocurrencies, ETFs. Also, the company’s clients are offered trading signals and copying transactions.
If you have any questions regarding the work of the broker, the support service is ready to help 24/7. Fill out the feedback form and managers will call you back shortly.
The broker’s contact information is listed below:
+448000465677
+658004922255
FAQ
Main points when comparing brokers?
The main parameters of broker comparison include the following items:
- having a license;
- market position;
- access to world exchanges;
- investment amount;
- service price;
- availability;
- quality of service.
This is what you should consider when looking for a brokerage provider. DotBig offers the best conditions in all respects.
What is the best trading platform with the lowest fees?
The best conditions are offered by the DotBig trading platform. There is no commission for replenishment, and with the withdrawal of only 3.5%.
How can I diversify with little money?
It is enough just to use the services of copying deals, so you can trade successfully.
Is my money insured?
The proposed brokers are not only regulated by the relevant authorities but also guarantee a high degree of protection.
Why am I being charged a commission?
Most brokers charge a commission for using trading instruments, but in the case of DotBig you pay a small percentage for withdrawing funds. DotBig broker comparison showed that this platform offers the most affordable conditions.
Which type of brokerage account to choose?
For starters, it is worth working with a demo account so as not to risk money. This will allow you to try all the trading tools of the broker.
How much money do you need to start investing?
$100 is enough to get started. This is enough to start investing minimally.