Darwinex is a regulated, London-based online brokerage firm founded in 2012. They offer trading in over 300 instruments across several asset classes, such as forex, cryptocurrency, stocks, indices, metals, energies, and other commodities. Providing direct market access (DMA), the broker offers excellent trade execution speed, competitive spreads that start from 0 pips, and low commission — as low as $3 per round trip. Darwinex offers special “hedge fund services” through which their clients can manage their risk exposures.
Darwinex Review Introduction
In this Darwinex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Darwinex.
Darwinex Platforms & Tools
The broker provides their clients with many trading platforms, including the widely used MetaTrader 4 and MetaTrader 5 platforms, which are available as desktop applications (Windows and Mac), web terminal, and mobile applications for iOS and Android devices.
In addition, the broker offers many other auxiliary platforms, such as the DARWIN API Wrappers and ZeroMQ-enabled MetaTrader Bridge, to enable clients to trade their special DARWIN assets. The broker also provides clients with tick data for high-frequency trading.
Darwinex Research & Education
Darwinex features an online training school where traders can learn more about trading and boost their trading skills. There is also an investor program that is aimed at novice investors who want to invest in DARWINs — the broker’s specialized investment scheme. The program includes apps for iOS and Android devices and training on how to use the app.
Additionally, the broker’s website has an FAQ page that covers most of the clients’ questions, and there’s also an active online community forum.
Darwinex Trading Accounts
With Darwinex, you can decide to trade and manage your account personally or copy the trades of successful traders. Traders who already possess a winning trading strategy can list their strategy on Darwinex and earn a 20% success fee from the gains of other traders who follow their strategy.
The minimum initial deposit for retail account holders is 500 GBP/EUR/USD, while the minimum initial deposit for corporate clients is 10,000 GBP/EUR/USD. Darwinex offers a special compensation scheme that includes volume-based rebates and lower commission for professional accounts, as well as up to 40% performance-based discounts.
Darwinex Account Funding
There are several account funding and withdrawal options with this broker, including bank transfer, credit or debit card, and online payment processors, such as Skrill, PayPal, and Trustly. Transactions with online payment methods and credit cards can be processed within a few hours, but bank transfers can take a few business days.
Aside from the initial deposits, the minimum amount for subsequent deposits is 100 GBP/EUR/USD, while the minimum withdrawal amount is 10 GBP/EUR/USD.
Darwinex Customer Service
Darwinex provides customer support services via email and phone, as well as a contact form on their website. However, they do not yet offer an online chat option, just like many other brokers do.
Darwinex is owned by Tradeslide Trading Tech Limited, which is a UK-based company licensed and regulated by the Financial Conduct Authority (FCA) — a tier 1 financial regulator. With a MiFID passport, the broker also offers their services in all EU countries.
Darwinex Review Summary
Darwinex uses advanced technologies to provide innovative services to traders in different parts of the world. They offer multiple trading platforms with flexible FIX API solutions for advanced traders, and through their DARWINs managed accounts, new traders can trade with professional traders’ strategies.
It is worth mentioning that some of the trading products and services in this Darwinex review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Darwinex broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.