Nowadays, choosing a suitable Forex platform is not as easy as it may seem, because there are many for Forex trading in Israel. Each trading website has a different appearance, particular functions, and a certain level of development.
The DotBig broker is an international company that actively implements advanced security practices in the platform’s activities. The brand is registered in Saint Vincent and the Grenadines, and it also has an international presence with legal offices in major financial centers such as New York and Stuttgart. This means that the company complies with international standards.
Israel and Forex: Introductory Data
Israel develops pretty fast. Today it is one of the most progressive countries in the Middle East. For the last years, the Israeli economy has been showing steady growth, despite the permanent martial law.
The incomes of the country’s residents are growing annually. Just a simple example – the average monthly salary in the middle of 2020 was 10,887 shekels per month before tax deductions, which is about $ 3,000. Therefore, the investment sector and Forex are of great interest to Israeli citizens.
Forex Broker: How Not to Make a Mistake with the Choice
Because of many modern online brokers operating on the Israeli market today, the user faces an extraordinary task – to classify trading platforms to choose a reliable service provider and not become a victim of fraud.
There are important factors one should consider when picking the appropriate brokerage company to trade Forex.
Safety
The best broker is the one that is controlled by government agencies because it must comply with the law, and all possible court cases will take place in the country. If the brokerage company is regulated, then for the investor it is a guarantee of proper customer service, as well as compensation in case of insolvency.
Favorable commission rates
The lower the transaction rates, the better for the trader. Thus, it is crucial to check the commission table on the trading platform’s site to avoid possible disappointment in the future. A fee may also be charged for the account maintenance itself. The trader should also not forget about the spread, which can be several percent. But remember, low tariffs do not always come with high-quality services.
Trading and investing tools
A decent broker, for example, the DotBig exchange, should allow users to trade many financial tools — the more, the better. Thus, a trader must have access to exchange assets such as bonds, cryptocurrencies, commodities, or stock indexes.
Educational stuff
The best brokerage companies also take care of their clients by providing them with educational materials where people can learn what certain trading terms mean. In addition, they allow for training and market analysis. The DotBig site offers such a useful option for Israeli trading beginners.
Customer reviews
Nowadays, anyone can find reviews about almost every online broker. Before choosing a specific provider, it is best to read the opinions and reviews of customers of a particular broker to find out whether it is worth using.
Helpline
This is also an important factor to consider when looking for the best broker. Every new customer may face problems at the beginning of his trading path. Customer support must respond quickly to requests. The best service providers allow you to contact the helpline by phone, via chat, form, and various types of instant messaging such as Messenger.
Why do Israeli Traders Choose the DotBig Forex Exchange?
The DotBig financial company is a well-known platform. It provides loyal service to each client. Managers help novice users to successfully start trading and advise experienced traders on how to save and increase capital. DotBig Forex exchange provides comprehensive security of assets and personal information, regardless of the amount of deposit.
Besides, its users can be sure that all confidential data and assets are securely protected. Customer information is encrypted using AES256 technology, and transactions are conducted exclusively via 3DS (3D-secure is an additional security standard that is used as part of two-factor authentication).
Here are the reasons for DotBig’s popularity among Israeli traders:
- No hidden fees or charges
DotBig investment exchange does not charge a disguised fee for making deals. The list of costs is represented by transaction fees and market spreads. The difference between the purchase and sale prices depends solely on the volume of supply and demand.
The DotBig exchange also provides a comprehensive service for new customers with limited budgets. Users with initial investments receive the same quality support as large customers, except for discounts on spreads.
- Demo account
New customers need to check the trading tools, security, and variety of services before trading on real funds. For this, a novice DotBig trader can try the demo account with a virtual balance and unlimited functionality.
- Fast and efficient trading terminals
This broker provides a trading environment characterized by high speed of operation. Such terminals allow traders to conclude Forex deals even on old devices. DotBig uses only highly optimized software.
Resume
DotBig trading platform has been providing online trading services for over 20 years. The international exchange has an excellent reputation among Israeli customers, as evidenced by the positive DotBig reviews. Its credo is to provide a safe and trustworthy environment for online trading and investing.
Investors can choose among various types of exchange assets and earn money on the DotBig site. Besides, the platform offers its users an opportunity to test new strategies adapting to market changes without financial risks.