Darwin Exchange (Darwinex) is an innovative social copy-trading broker that helps match investors with nearly 1, 200 trader-developed strategies that are traded like securities (ticker symbols) on the Darwinex platform. The broker also caters to self-directed forex and CFD traders by offering MT4
Bulgarian, Chinese, English, Russian, Spanish
Proprietary, Desktop, Web, Social Trading/Copy Trading, MT4, iOS, Android
Top 16 traders receive 20% of the so-called success fee every month for the following six-month period
EUR, GBP, USD
Bank Wire, Visa/Mastercard, UnionPay
Bitcoin, Ethereum, Litecoin
Darwinex is a forex broker and asset management services provider which was established by Tradeslide Trading Tech Ltd in 2012. The company is licensed and controlled by the Financial Conduct Authority (FCA) to operate in the UK.
Darwinex provides traders with a variety of trading opportunities and services to enable them to trade in the forex market easily. It also allows them to participate in copy investing where they can duplicate expert traders trading strategies to improve their market performance.
Darwinex is also authorized to operate in EU countries by MiFID. The FSCS also approves it. Thus, clients are protected from losing their money in case of the company’s bankruptcy. However, some countries such as Japan, the US, Iran, and North Korea don’t allow the company to provide its services in their jurisdiction.
Trading Platforms: Darwinex offers two trading platforms, the MetaTrader 4 platform and its built-in platform called Darwinex. The (MT4) platform allows users to enjoy quick execution of trading activities, a user-friendly interface, and access to a variety of trading opportunities.
The Darwinex platform allows users to participate in strategies trading. This is a form of social trading where investors copy expert traders trading plans which are sold as financial assets depending on their net asset value (NAV).
Also, Darwinex allows users to generate trading strategies (Darwin) which are sold or bought by other clients on the site. The platform is available both as an application for mobile devices and a web-based version for desktop devices. The Darwinex web-based platform is designed using HTML5 which gives it a good outline and make it user-friendly. It also allows it to support modern web technologies.
The Darwinex platform has an IA segment that displays the last Darwins to be allocated funds by the company. The information is public to allow traders who want to participate in Darwin investments to access it. Also, it displays the collective value and performance of Darwin available.
Besides, traders can analyze the historical performance of various Darwin strategies and access several advanced features such as risk-management and custom filters tools.
Mobile Trading Platform: Darwinex provides its customers with a mobile version of its trading platform which allows them to access their trading accounts and complete transactions using their mobile devices. The mobile version is available as a downloadable mobile application for use in both Android and iOS devices.
Trading Accounts Options: Darwinex offers a Direct Market Access (DMA) account that allows users to access investment opportunities directly from the forex exchange markets. The broker’s Direct Market Access account functions like an ECN account which provides traders with low spreads and also charges a fixed fee in all transactions.
The account targets both institutional and individual clients. It enables users to trade in various financial assets such as forex currency pairs, shares, forex market indices, and precious commodities. However, it requires a minimum initial deposit of five hundred and ten thousand US dollars, Euros, or British pounds to open an individual or institutional account respectively.
They also offer a social trading account which helps traders to invest in using the trading strategies of expert traders to enhance their trading performance. Darwinex provides an excellent tool to analyze the trading behavior of their current users to determine the successful traders in the financial markets. These clients are given the task of managing trading activities for other traders. These expert traders (Darwins) use their investment strategies to invest in other clients behalf for a commission.
Besides, users can open a free demo account to learn how to trade on the platform.
Payment Options: Clients are provided with a variety of Payment method to use in deposit and withdrawal of funds. These include bank transfer, UnionPay, credit cards, etc. However, withdrawal of fund can only be successful when the account to be credited belongs to the registered user and the client uses the same credit card or UnionPay account that was used in depositing the funds.
Customer Support: Darwinex clients can reach the customer support team either by email or phone. They can also use the information provided in the site’s PDF guide to learn the way in which to solve various issues. The site also has a FAQs section with answers to some of the common problems that affect various users.
Also, clients can use educational videos and webinars provided on the site on a regular basis to get more information about the broker and even solve problems.
- The broker is well-regulated.
- A choice of trading platforms for the users
- Clients can use social trading accounts to enhance their winning chances by using expert traders’ strategies.
- A mobile trading platform is available.
- Lack of live chat feature for client support
- The broker does not provide a variety of trading accounts.
- Customer service is only available in Spanish and English languages.
Darwinex offers its services to both institutional and individual clients. It enables users to trade in various financial assets such as forex currency pairs, shares, forex market indices, and precious commodities. The broker is also well-regulated. Hence, clients can invest without the worry of losing their money. Consider choosing the broker if you wish to venture into the forex market to enjoy these and more benefits.