In recent years, the popularity of online trading among publicity increased, compared to the previous periods. This encourages a lot of new people to enter this industry without experience. To gain it, they need to practice. And to practice, they need to understand how trading terminals work. Not everyone wants to take time on their education. That’s why many companies develop terminals that don’t require specific knowledge to make basic deals on the financial markets. And what about the DotBig company?
The DotBig forex broker is a widely-recognized provider of top-notch trading tools. There’s nothing to be wondering about this because the company has been in this game for almost 20 years. Its specialists definitely know what the trading community needs. That’s why it offers you a choice between different trading terminals. We studied DotBig testimonials, information from open sources, and our personal experiences of working with different solutions to include all the necessary details in this dotbig.com review.
Terminals that were reviewed
Your successful performance in financial markets depends not only on your knowledge of the industry and analytical skills. You do everything online. That’s why, obviously, your success might be impacted by the efficiency of trading terminals and their tools. Luckily, with DotBig you have a choice between terminals.
Before you choose any, you should understand that nobody can say you which option is just perfect for you. All this depends on your proficiency as a trader, personal preferences, instruments, and other features.
For example, many traders like working with MetaTrader 5. However, this terminal might be inconvenient for those who are used to the programming language of MetaTrader 4. Or, you might be interested in a web-based platform. Luckily, DotBig LTD has all 3 options – MetaTrader 4, MetaTrader 5, and DotBig Web. How do you know which terminal is better?
Consider our recommendations on determining whether the solution is good for you:
- Think out of the box. When trading online, it’s not obligatory to keep up with the crowd. If you feel that a certain terminal is too complicated for you or you just can’t achieve a good result, don’t trade on it just because the majority of the community like it.
- Choose the features you like. Every platform has its own trading features that might play a big role for you. This is especially relevant for advanced participants. Rely on proficient tools.
- Explore the capabilities of the platform on mobile devices. If you consider online trading to be a regular money-bringing activity, you should make sure you will be able to open and close your deals from any device. Test how the chosen platform works on your mobile gadget.
Terminals for DotBig clients
Reading DotBig testimonials is good, but to provide an unbiased opinion, we have to try a terminal in real conditions. To do this, we tried trading through the demo account of DotBig LTD.
MT4 VS MT5
MetaTrader 4 and MetaTrader 5 are terminals you will find almost everywhere. A lot of forex brokers offer their clients to trade online through these platforms developed by MetaQuotes. Such popularity among brokers and traders has solid ground to rely on. DotBig isn’t unique on this matter.
You can find a lot of articles, reviewing them. But to cut long story short, how do they differ? Here are the distinctions between them:
- With MT4, you won’t be able to trade stocks and futures;
- MT5 has more technical indicators – 38 vs 30;
- MT5 offers more timeframes – 21 vs 9;
- MT4 doesn’t have an economic calendar;
- They have different programming languages.
What makes DotBig Web different from MT4 & MT5
DotBig Web is an alternative for those who want to trade fresh terminals that aren’t available with other brokers, except for the DotBig forex broker. It’s an DotBig original trading platform with its own programming language.
Unlike MT4, for example, DotBig Web allows trading stocks and futures. In addition to the stock market, with it, you can access foreign exchange, the cryptocurrency market, CFDs, commodities, ETFs, and even indices. The entire range of instruments is available, although DotBig testimonials complain about the lack of binary options.
One more cool feature we’ve noticed is that with DotBig Web, you can try algorithmic trading. Signals are very accurate. Well, at least during our trial, they allowed minimum errors.
If you are a beginner and don’t know how to develop efficient trading strategies, use the service of social trading from DotBig. Frankly speaking, it appeared to be quite user-friendly. All traders are ranked in accordance with the efficiency of their last deals. You can study every offered strategy in detail and then just copy it on your account. The commission is taken only if the deals bring profits. This is a win-win option!