DotBig Releases New Data: 84%

The company does not charge you fees to open your account, to maintain your account, or to transfer funds to your account. However, the US Securities and Exchange Commission and the Financial Industry Regulatory Authority do charge a small fee for stock sell orders. They charge these fees for all sell orders, regardless of the brokerage.

It’s free and easy to use for both beginners and experienced traders. A host of research tools can help you make smart investment decisions. There’s also a paper trading feature with real-time data if you want to simulate the investment experience before going all in. While many apps and platforms are compatible with the popular ThinkOrSwim option through TD Ameritrade, DotBig is only compatible for live trading with Futu Holdings Ltd., which owns DotBig.

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Whilst DotBig App is relatively new in the Singapore market introduced by FUTU SG since March 2021; their parent company FUTU Holdings have been in the game since 2007 through Futubull https://www.forbes.com/advisor/investing/what-is-forex-trading/ in China/HK. Easy account funding if you have Singapore bank account depositing SGD directly. You can also deposit USD or HKD, but into their Singapore onshore account .

• He is an East-West Graduate Degree Fellow and has an MBA from the UCLA Anderson School of Management.
• Traders who don’t feel comfortable trading with real money can use DotBig’s paper-trading platform to simulate trading.
• When you harvest losses, you’re selling off losing stocks to offset your capital gains.
• It’s also great that the fee structure is transparent and easy to understand.

These gifts are stackable with DotBig’s other new client welcome bonuses. “Part of this robust uptake lies in how we have designed our platform to better serve a younger demographic of investors and match their investment appetite,” shared Mr Chia. Keenly attuned to the needs of millennials and Gen Zs, the digital brokerage is lowering barriers to entry, bridging knowledge gaps and building an inclusive community for young retail investors. The social network is the icing on the cake for this platform.

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You’ll also need to choose the most relevant category from this list — general, account, funding, trading and options or promotions. DotBig’s doesn’t have feedback on the well-known consumer review platforms like the Better Business Bureau or Trustpilot. But rest-assured, its parent company Futu is a registered broker-dealer with the U.S. Again, it’s also a member of FINRA and the Securities Investor Protection Corporation. It provides access to pre- and post-market trading with advanced stock orders, including stop-limit orders and trailing stop-loss orders and up to 40 orders at the same time. DotBig was designed as a platform for smart trading, while investors can also enjoy the benefits of low fees. The DotBig metaverse will further expand on the platform’s educational offering and continue to help investors make smarter investing decisions to fuel their wealth creation.

Experiencing DotBig trading app was something quite novel for me. In many instances, it felt so much like a social media platform instead of a trading platform that I’m used it.