DotBig vs E-Trade Comparison

DotBig

If you think that it’s quite easy to find a good broker, think twice. Modern industry is very competitive, and it’s difficult to make the best choice among such a diversity of different companies. We would like to simplify this task to you by introducing the comparison of two reliable brokers – DotBig vs Robinhood.

Overall Comparison

DotBig E-Trade
Minimum deposit $250 $0
Bonus 10% welcome bonus a bonus amount to your account with promo codes 
Year of foundation 2003 1982
Tradable instruments
  • Currency pairs
  • stocks 
  • cryptocurrencies commodities 
  • indices 
  • cryptocurrencies 
  • ETFs 
  • CFDs
  • Stocks
  • Bonds
  • Mutual funds
  • ETFs 
  • options
  • futures
Trading platforms MT5, DotBig Web, Mobile E-Trade Web, Power E-Trade Mobile
Payment services
  • Bank transfer 
  • Visa 
  • Mastercard 
  • Transferwise 
  • Skrill 
  • WebMoney 
  • PayPal 
  • Qiwi 
  • YooMoney
Bank transfer
Customer support 24/5 24/7

 

Comparison of Brokers’ Commissions

Trading costs are determined by a number of factors such as minimum deposit, trading fees, and non-trading fees. It’s essential for you to know which broker is better in terms of trading costs because it will be easier for you to shape your budget and manage it more effectively. If you are a beginner, you are better to start working with exchanges that offer more friendly trading costs in order not to lose too much in the case of a failure.

In order to open a Standard account on DotBig, you have to deposit $250. This isn’t the most friendly option compared to E-Trade and other brokerage companies. However, you don’t need to pay this amount if you want just to test the platform. There is an option to open a demo account, where you can test the platform and its tools without paying a deposit.

Trading with DotBig LTD is costless, but non-trading commissions are charged. They feature the following peculiarities:

  • inactivity fees are charged
  • a 3.5% commission for withdrawals is charged
  • 35 Euro commission is charged for withdrawals made via bank transfers
  • the minimum available withdrawal is $50

From this point of view of cheap trading, E-Trade might be considered a better option for beginners. You don’t have to pay a minimum deposit and can start online trading just with $1 on your balance. Plus, the company doesn’t charge fees for stock trading. However, there are commissions on options trades – $0.65 per contract. Non-trading fees are charged only when making transfers – $75 for full transfer and $25 – for partial.

Broker Comparison: Trading Conditions

DotBig vs E-Trade

Your success in forex trading heavily depends on the conditions represented by a chosen forex broker. They are different for different forex brokers. Here is how trading conditions on DotBig LTD differ from trading conditions on E-Trade.

The big difference between these brokers is that E-Trade, unlike DotBig, is designed for online trading on, mainly, stock exchanges. Clients have free access to more than 4,500 financial instruments.

The total number of assets on DotBig is lower, but traders can access different markets, not only stock ones. They might benefit from forex trading with 72 currency pairs available. The average spread for fiat currencies starts from 1.2 pips and the leverage is 1:400.

Free stock trading is also available on DotBig. Clients can speculate 244 shares and stocks with an average spread starting from 0.67 and leverage of 1:400.

There are also 13 indices and 6 commodities offered there. These assets come with the 1:100 leverage and the spread starting from 2.25 pips.

One more advantage of DotBig, compared to E-Trade, is the possibility to trade over 600 cryptocurrencies with a low floating spread of 1.74. Clients of E-Trade can invest in crypto-related products, but they don’t have access to digital coins placed on crypto exchanges.

Broker Comparison: Platforms and Tools 

If you create a personal account on DotBig, you’ll have the possibility to trade via MetaTrader5. This is a well-known platform for online trading that offers a number of tools such as calendars, calculators, indicators, and others. You can also trade without installing a platform – just access DotBig Web.

DotBig has a lot of instruments for analytical and trading. Moreover, you can access their social trading platform and benefit from the strategies of experienced participants.

Web Platforms of E-Trade are available via browsers as well. Mobile apps are accessible for iOS and Android. They are highly praised for the represented number of research tools and training materials.

Which Broker is Better Overall?

Both E-Trade and DotBig are legit companies that can guarantee security for their clients. It’s difficult to specify which one is better because they are very different. If you aim to trade freely on stock markets, choose E-Trade, if you want to access forex and crypto markets, sign up on DotBig.

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