It’s always a good idea to start exploring new ventures. If you decided on this venture to be forex trading, you’re reading the right article. This brokers comparison was written to help you the best among two options – DotBig LTD vs IG Markets. Here are key findings about the companies as of 2022. Pay attention to the details and don’t neglect our recommendations when doing a final choice.
|Bonus||10% welcome bonus||none|
|Year of foundation||2003||1974|
|Tradable instruments||Currency pairsstocks cryptocurrenciescommodities indices cryptocurrencies ETFs CFDs||ForexOptionsETFsCFDsStocksCryptocurrencies|
|Trading platforms||MT5, DotBig Web, Mobile||MetaTrader 4, IG Web|
|Payment services||Bank transfer Visa Mastercard Transferwise Skrill WebMoney PayPal Qiwi YooMoney||Bank transferVisaMastercardPayPal|
Comparison of brokers’ commissions is always an important feature to consider because this might play a vital role for calculating trader’s budget. Experienced traders know that they need to keep track of every penny, including money spent on paying commissions and fees for trading and for basic operations.
Both IG Markets and DotBig LTD have their trading fees built-in spreads. This is the only type of fee paid because commissions per trade aren’t charged. But in their testimonies, many clients report that IG Markets’ spreads or forex and stock CFDs are quite high, which isn’t common for DotBig.
Despite that, IG Markets is still a more profitable option for investors in terms of non-trading fees. The trick here is that DotBig charges a 3.5% commission per withdrawal. To avoid this, clients are required to upgrade their plan but even in such cases, this perk is limited. IG Markets, on the other hand, doesn’t impose withdrawals fees.
Both DotBig and IG Markets charge inactivity fees. But conditions of IG Markets are better in relation to the clients. Your trading account might be considered inactive only if you don’t trade on it for over 2 years. After this term passes, an inactive client is charged a $14 monthly fee.
Markets & Products
IG Markets is often thought to be the best broker for CFD trading. This might be true because the company displays over 11,000 CFD products. However, if you are a beginner you must know that trading CFDs requires highly-proficient skills. According to reviews, more than 70% of those who trade CFDs on IG Markets suffer losses.
DotBig LTD and IG Markets are both good for forex trading. On DotBig, traders can freely access 72 currency pairs with an average spread of 1.2 pips. Clients warn that these spreads are floating and might change. On IG Markets, 205 currency pairs are displayed. The extensive list of available forex products is a good thing but you should keep in mind relatively high spreads for forex. Besides, forex instruments are accessible only to clients from the US.
One more advantage of DotBig is the better availability of stock products. You have access to 244 shares for free and with tight spreads. While IG Markets makes stock products accessible only to users from particular countries. Therefore, if you aren’t a resident of a particular country from the list, you won’t trade shares of international corporations.
Despite these benefits, DotBig doesn’t display options. If you want to speculate options, you need to choose IG Markets.
Platforms & Tools
Both DotBig and IG Markets are good options if you want to trade via a web-based platform. DotBig’s original online trading terminal features all the necessary functional features you need to make regular profits. You can access charts, follow the updates of quotes, and keep track of the economic calendar.
IG Markets is one of the best brokers for mobile trading. Its mobile application is considered to be the most advanced and robust in the modern industry. With it, you may keep aware of everything related to your trading account.
That’s a good thing that both brokers enable accurate trading signals. With them, even beginners with the minimum experience can make regular profits and gain a lot of knowledge in automated trading strategies.
Which Broker is Better Overall?
Both DotBig and IG Markets have their advantages:
|Advantages||a lot of trading productsaccurate signalsaccess to social tradingtight spreadstraining courses of a high-level||no withdrawal feesa lot of trading productsaward-winning trading platformslow account minimum|
This comparison of online brokers can say that DotBig is better than IG Markets in terms of accessibility to tradable products since there are a lot of limitations for IG Markets’ clients from some countries. But on the whole, IG Markets isn’t worse. It’s even better from the perspective of CFD trading.