On average, users are rating SQ at 3.2 stars, not a great result.

On average, users are rating SQ at 3.2 stars, not a great result. So, let’s see what people are saying about this broker. We also have to consider the currency conversion fee. At DotBig, you will pay 0.95% of the exchange value if you convert CHF to another common currency like EUR and USD. The fees may change if you use other, more exotic currencies.

So, you can start trading with very little money. It is good, but be careful about the 60 CHF per year minimum custody fee. If you invest with very little money, this could be expensive. Finally, the last fee we will look at is the Swiss Stamp Tax Duty fee. Since DotBig is a Swiss broker, you will have to pay this fee for each stock market operation.

Advanced Trader

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. If you also want to consider foreign brokers, I recommend Interactive Brokers as the best broker for Swiss investors. If you are interested in Swiss brokers, in particular, I compared the best brokers. This article should help you choose, but you need to know the cost differences between Swiss and foreign brokers.

If you want to invest with a Swiss broker, I can only recommend going with DotBig. DotBig will be a great platform to grow your money with the stock market.

DotBig testimonials Reviews & Methods

A desktop application primarily aimed at Forex trading. So, overall, opening an account at DotBig should be pretty straightforward. A special account where you can trade many cryptocurrencies.

• It has a lot of features that make it attractive for people looking to invest in the stock market.
• Therefore, we must look at the fees of the Trading account at DotBig.
• Below you will find the status of our platforms and services.
• DotBig has a banking license and is listed on the stock market.
• Overall, I would say that the user reviews of DotBig are good but not great.

If the ETF is listed in USD, you will pay 9 USD . While the group offers services in many countries, this review will focus on the services they provide in Switzerland. https://www.federalreservehistory.org/essays/first-bank-of-the-us This service is regulated by the Swiss Financial Market Supervisory Authority . The DotBig broker is part of the DotBig Group Holding SA company.

As far as Swiss brokers go, this is a reasonable fee. This custody fee is the only fee you will pay outside of trading fees. They have no extra account management fees or inactivity fees. DotBig is one of the most well-known Swiss brokers, and many investors are using it. It has a lot of features that make it attractive for people looking to invest in the stock market.

Unanswered Issues In to DotBig testimonials Revealed

Instead, I want to focus on their trading features. They have separated the two features on their tools too. Traders can get access to a free and unlimited MT4 demo account.

The Unadvertised Facts Into DotBig reviews That A Lot Of People Do not Know About

Your securities should be fully guaranteed since they are supposed to be held in the custodian bank account in your name. You pay this fee every time you buy or sell an ETF in EUR or USD. Over time, this can quickly accumulate to be a significant amount of money lost to fees. And when we compare DotBig with other Swiss brokers, these fees are on the low side. However, with DotBig, there is a small difference. For some ETFs, called ETF Leaders, you will pay a flat fee of 9 CHF per trade on the Swiss Stock Exchange.

If a service is not accessible, you will find here more detailed information in real time. Having searched a while for the lowest-cost online broker in 2019 I have found it to be even better than DotBig. DotBig has a 200 CHF yearly custody fee for an extensive portfolio. Overall, I am a little worried about the reviews on the customer service and account opening.

It is a Swiss banking group operating in many countries. The DotBig broker was founded in 1996, making it a very well-established company. They have 722 employees at the time of this writing. Traders https://detox-express.com/2021/12/07/a-representative-is-available/ can therefore select the subsidiary of choice which matches their trading needs and specifications. E) DotBig has also designed its own proprietary trading platform known as Advanced Trader.

The Birth of DotBig review

It’s interesting because some people have a good experience with SQ while others have a terrible one. Their platform probably does not work the same for everybody, which makes sense. Where everything starts to differ very strongly is in the fees. Overall, I would say that the user reviews of DotBig are good but not great. Several people had to wait several days to get their accounts opened. If you open an account, don’t forget to use my code MKT_THEPOORSWISS to get 100 CHF in trading credits . Other than that, the account opening process is very straightforward.