Detailed Darwinex Broker Review
Darwinex is a London broker created in 2012. The peculiarity of the company lies in the possibility of trading not only with familiar financial instruments.
Darwinex is a social platform where every trader can create his own trading strategy. After this, strategies are formed into pools that can be traded as securities on broker servers.
General information about the broker:
• Year of foundation – 2012;
• Headquarters – London, UK;
• Number of employees of the central headquarters – 31 people;
• Regulation – FCA;
• Region of work – Europe, CIS, Asia.
Social Trading Darwin Exchange
The social trading platform Darwin Exchange for the first time in the world has developed a format in which a whole pool of trading strategies acts as a financial asset. Each strategy has its own efficiency and profitability. Together they form a powerful investment instrument, whose profitability can be monitored in real time. Through the trading platform, open deals and invest in one or another category of trading strategies. For many, this will be a profitable alternative to currency pairs, stocks, CFDs.
In the trading terminal, choose one or another pool of trading strategies, which are indicated by different symbols. Every month, the most successful and profitable strategies receive material support from the brokerage company in the amount equivalent to 3-4 million dollars. At the moment, there are already over 1000 trading strategies developed by the broker users themselves in the system.
Users can share trading strategies directly through the Metatrader 4 trading terminal. The alternative for all users is classic trading on more than fifty financial instruments.
Conditions for trading:
• The minimum deposit is $500;
• Access to cryptocurrency trading, cryptocurrency CFD, commodity assets and precious metals – is absent;
• Spread size – from 1-2 points;
• Payment processing fee (I / O) – is absent.
Spreads and other trading conditions
The size of spreads and other commissions depends on the selected asset. For example, if you trade through Darwinex, then the commission is greater. If we are talking about traditional trading, then only a small spread in the amount of several points is charged. For example, when trading a volatile currency pair of euro / dollar for 100 thousand units of an asset you will have to pay 2.5 euro.
Pay attention to the commission calculation system in Darwinex investment programs. Since profitable strategies that users invest in are subject to a commission of 20%. This happens only if the strategy income for the last month is higher than the previous month.
How does the support service work?
Performance evaluation of the support service is an important indicator of any brokerage company. A number of independent experts tested the support service system of the broker Darwinex. For three months, more than 120 calls were made. Of these, about 95% were effective. The average response time is only 30-60 seconds. True, the level of professionalism of the operators can`t be called one hundred percent. Since some highly specialized questions remain without a detailed answer. You can evaluate the work of the support service at 7/10.
Trading platforms of the broker Darwinex
Available for trading, as a program of the company Darwinex, and the universal Metatrader. The company’s internal program is based on a common HTML5 template, which allows you to use a variety of trading functions. In particular, a number of technical analysis tools are supported. The history of trading, detailed statistics, the function of connecting trading signals are all available to users without restrictions.
Trading is also possible through the Darwinex mobile app. It is downloaded for free on all mobile operating systems. On the main screen, you will not see the Forex chart and a list of assets. It displays a list of pools of strategies with an indication of the total capitalization of each pool, a price chart, growth and decline indicators. However, you cannot trade on your own in the Darwinex Mobile application. This feature is only available in the desktop version of the program, as well as in Metatrader Mobile.
Darwinex company deserves the attention of potential users in the face of traders and investors. Broker offers a number of innovative solutions. It is not without all the advantages, since it has a regulator, it is distinguished by the stability of payments and others. The site of the broker has a quality performance, it is available in different languages of the world. For many, the idea of investing in trading strategies will be a quality analogue of investing in PAMM accounts. It is very important that the broker shares the social trading platform and the standard trading currency pairs and CFDs.