Review of the company
Darwin Exchange (Darwinex) was established in 2012. He is also a “transparent” broker with a clean agency and operator of the advanced social investment platform Fintech, which is regulated by the FCA under registration № 08061368. The British regulator guarantees insurance of accounts up to £50,000 in the event of bankruptcy of the broker.
Spreads and commissions
Darwinex provides traders with access to over 300 instruments (consisting of CFDs on 10 indices and 6 metals), 244 US stocks, 5 cryptocurrencies and 41 currency pairs. Darwinex offers some of the strongest spreads in the industry, averaging 0.2 pips on EUR / USD. Even if we add an applicable commission of $5 for trading in a standard lot, the average trading cost for this pair is 0.7 pips, which is a great offer. Maximum leverage rates in Darwinex are up to 1:200. Such leverage is considered standard, although a number of brokers offer equal to or greater than 1:500.
Darwinex provides the MetaTrader desktop terminal, MT iOS and MT Android, as well as a FIX API trading offer for $500 per month. Along with the MT platform for traders, Darwinex will offer a platform for investors. In fact, it is a software for copying signals, but the provided signal is not ordinary. Signals will be provided by a wise owl after its evaluation.
Unlike other signal providers, Darwinex will not disclose trade, profit, etc. the company will offer a signal estimate, the so-called DARWIN (Dynamic and Risk Weighted Investments), which is a complex analysis of the trader’s performance. If you like risk management, profitability, scalability, etc. Interestingly, copying a signal using Darwinex allows us to establish the level of risk. Thus, a high risk / high reward strategy can be followed without exposing yourself to too much risk. In addition, Darwinex is partnering with BeeksFX, a leading provider of VPS, to provide algorithmic traders with ultra-low latency solutions.
For investors, there are special Darwin accounts with which you can get passive income. This type of account is tied to the account of the manager trading on exchanges. The manager’s trade will be copied to the Darwin account, but on the condition that the maximum possible drawdown does not exceed 10%.
To receive passive income, investors just need to select suppliers of trading signals for automatic copying of transactions. The depositor may not directly participate in the trading process, but at the same time, all statistics on completed transactions are available to him. If necessary, the investor has the right at any time to stop copying transactions, without burdening himself with fines.
The amount of the contribution starts from $200, but at the time of investment in your account should be at least $500. If you are not sure of your capabilities, practice trading on a Darwin account in demo mode.
An investor in Darwinex can make a portfolio from a catalogue of reversible strategies called Darwins. The platform offers a powerful search engine for filtering by various attributes. A major advantage for an investor is that while a trader’s strategy may have a very high risk, he signs not what a trader does, but his Darwin. The inverter product normalizes its risk to protect the investor, so expected results will be more moderate.
Deposit and withdrawal of funds
Darwinex supports a small range of payment methods: Banking, Credit / Debit cards and online payments through Netteller and China UnionPay. Withdrawals are charged for at least US $2, with the exception of a bank transfer, which is free. Withdrawal processing time is up to 3 business days.