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FxPro , Darwinex Broker Comparison

Do you want to know which is the better broker between FxPro and Darwinex ?

In the table below, you can compare the features of FxPro , Darwinex side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
FxPro
7.44
Regulated
Under guarantee
15-20 years
CYSEC,FCA
--
AA
AA
412.8
93
136
93
1894
1672
1894
B

EURUSD: -0.4

XAUUSD: 4.1

27
-1
27
AA
10.18 USD/Lot
24.94 USD/Lot
AA

Long: -6.84

Short: 1.19

Long: -19.38

Short: 9.06

AAA
0.1
10.2
--
--
--
--
--
--
--
--
--
--
--
--
Darwinex
6.89
Regulated
Under guarantee
10-15 years
FCA
--
A
AAA
172.9
47
47
62
1438
1438
969
C

EURUSD: -0.5

XAUUSD: 6.1

20
1
20
A
7.95 USD/Lot
31.4 USD/Lot
B

Long: -6.78

Short: 1.57

Long: -43.16

Short: 26.91

C
0.2
243.4
Stocks Darwin,Futures Darwin,Classic
200 US stocks
10,000
--
--
0.00
--
--
--

FxPro 、 Darwinex BrokersRelevant information

FxPro 、 Darwinex BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of fxpro, darwinex lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

fxpro
FxPro Basic Information
Company Name FXPRO UK Limited
Founded 2006
Headquarters London, UK
Regulations FCA, CySEC
Tradable Assets Forex, Stocks, Futures, Indices, Metals, Energies, Cryptocurrencies
Account Types Demo Account, Live Account: Standardd, Raw+, and Elite
Minimum Deposit $100
Maximum Leverage 1:200
Deposit & Withdrawal Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller, China UnionPay, mPay, FasaPay, Webmoney
Trading Platforms MetaTrader 4, MetaTrader 5, cTrader, FxPro Trading Platform
Customer Support Multilingual customer support through Phone, Email, Live Chat
Education Resources Webinars, Articles, Videos, eBooks, Tutorials
Bonus Offerings None

Overview of FxPro

Founded in 2006, FxPro is a reputable UK-based forex broker that provides online trading services to a global audience. With over 70 financial instruments available for trading, FxPro offers its clients a diverse range of products, including forex, shares, indices, futures, and spot metals. The broker provides clients with access to multiple trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as its proprietary platform, FxPro trading platform, FxPro trading App, and cTrader.

In addition to its trading services, FxPro provides clients with a range of educational resources, including webinars, video tutorials, and market analysis tools. The broker offers 24/5 customer support in over 20 languages, ensuring that clients can receive assistance in their preferred language at any time of the day or night. FxPro also provides its clients with a range of payment options, including credit/debit cards, bank transfers, and various e-wallets, making it easy to deposit and withdraw funds from their trading accounts.

basic-info

Is Fxpro Legit?

Yes, FxPro is regulated by several reputable financial regulatory bodies in different jurisdictions where it operates. These regulatory bodies ensure that FxPro adheres to strict standards of financial stability, security, transparency, and fair trading practices.

FxPro UK Limited is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, with registration number 509956.

regulation

FxPro Financial Services Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number 078/07.

regulation

Pros and Cons

Pros Cons
  • Regulated by FCA and CYSEC
  • Limited account types and trading instruments
  • Multiple choices of trading platforms to choose from
  • Limited educational resources for beginners
  • Multiple account funding and withdrawal options
  • Inactivity fee charged after 6 months of inactivity
  • Negative balance protection for retail clients
  • Limited availability in certain countries
  • Multiple base currencies available for accounts
  • No fixed spread accounts
  • Limited customer support availability on weekends

Market Intruments

FXPro offers a diverse range of trading instruments to its clients, including Forex currency pairs, indices, commodities, shares, and futures. The broker offers over 70 currency pairs, including majors, minors, and exotic pairs, with competitive spreads starting from 0 pips. In addition, FXPro provides traders with access to a variety of indices, such as S&P 500, NASDAQ, DAX, and FTSE 100, among others. The broker also offers commodities such as gold, silver, oil, and gas, along with futures contracts on indices, energies, and metals. Lastly, FXPro provides traders with access to more than 150 stocks of some of the largest companies globally, such as Apple, Amazon, Google, and Facebook, among others. Overall, FXPro offers its clients a broad range of instruments to trade with, making it a suitable broker for traders of all levels and preferences.

products
Pros Cons
  • Diverse range of markets including forex, commodities, stocks, indices, and cryptocurrencies
  • Limited selection of exotic currency pairs
  • Access to advanced trading platforms including MT4, MT5, and cTrader and its proprietary trading platform
  • Overnight swap fees can be high on certain assets
  • Multiple account types to suit different trading needs
  • Limited educational resources for traders
  • Negative balance protection for all account types
  • No guaranteed stop-loss orders
  • No social trading platform
  • Limited selection of cryptocurrency assets compared to some competitors

Account Types

FXPRO offers three types of live accounts: Standard, Raw+, Elite and a demo account.

The Standard Account is designed for traders seeking a straightforward and cost-effective trading experience. With a minimum initial deposit of $100, traders can access leverage up to 1:1000. The account offers FX trading with spreads starting from 1.2 pips for major currency pairs like EURUSD, GBPUSD, and USDJPY, with an average spread of 1.5 pips. Gold and Bitcoin trading are also available, with competitive spreads. The Standard Account supports trade sizes from 0.01 lots and provides the MT4/MT5 platforms with a swap-free option for Islamic accounts.

The Raw+ Account caters to traders seeking tighter spreads and more transparent pricing. With a minimum initial deposit of $1000, traders can access leverage up to 1:1000. The account offers raw spreads for FX, starting from 0 pips for major currency pairs, with an average spread of 0.2 pips, plus a commission of $3.5 per side. Gold and Bitcoin trading are also available with competitive raw spreads and commissions. Like the Standard Account, the Raw+ Account supports trade sizes from 0.01 lots, offers the MT4/MT5 platforms, and provides a swap-free option for Islamic accounts.

The Elite Account is designed for high-volume traders and requires a minimum initial deposit of $30,000 within two months. Similar to the Raw+ Account, it offers raw spreads for FX, Gold, and Bitcoin trading, with commissions of $3.5 per side. Additionally, traders can benefit from rebates starting from $1.5 per lot traded. The Elite Account offers leverage up to 1:1000, supports trade sizes from 0.01 lots, and provides access to the MT4/MT5 platforms with a swap-free option for Islamic accounts.

Account Types

FXPro offers a free and 180-day life span demo account that enables traders to test their trading strategies and get a feel for the platform's features and functionality without risking any real money. The demo account comes with virtual funds that can be used to trade various financial instruments, including forex, commodities, indices, and shares.

With FXPro's demo account, traders can familiarize themselves with the platform's trading tools and resources, such as the advanced charting package, market news and analysis, and risk management tools. Traders can also practice their trading skills and test out new trading strategies in a risk-free environment.

account-types
account-types

How to Open an Account?

The process of opening an account with FXPro is a streamlined and uncomplicated endeavor, which aims to provide a smooth onboarding experience for traders.

  • First, you need to visit the broker's website and click on the 'Register' button.

open-account
  • Then, you will then be directed to a page where you need to fill out a registration form with your personal information, including your full name, email address, phone number, and country of residence. You will also need to create a unique username and password.

open-account
  • Once you have submitted your registration form, you will be prompted to verify your email address by clicking on a verification link that will be sent to your inbox. After verifying your email, you can then proceed to complete the verification process by providing additional information, such as your ID and proof of address.

  • Once your account has been verified, you can then proceed to fund it with the minimum required deposit. FXPro offers a variety of payment methods, including bank transfers, credit/debit cards, and e-wallets. You can choose the payment method that best suits your needs and preferences.

  • After funding your account, you can then start trading by logging into the FXPro trading platform with your account credentials. If you are new to trading, it is recommended that you first practice on the demo account to get a feel of how the platform works before risking your real money.

Leverage

FXPro offers competitive leverage ratios for different trading instruments to help traders maximize their trading potential. For forex majors, gold, and futures spot, as well as futures of energy (UK Oil, Natural Oil), the broker offers a high leverage of up to 1:1000. This means that traders can control a large amount of capital with a relatively small deposit. However, traders should be aware that high leverage also increases the risk of potential losses.

For other instruments such as indices and shares, the leverage ranges from 1:20 to 1:50, depending on the specific instrument.

leverage

Here's a table comparing the maximum leverage offered by FXPro, IC Markets, Exness, FP Markets, and FBS across various asset classes:

Broker Forex majors & Gold Forex minors & exotics Futures Spot & Futures Energy Indices & Metals Stocks & ETFs Cryptocurrencies
FXPro 1:1000 1:50 1:200 1:100 1:05 1:05
IC Markets 1:500 1:500 1:200 1:100 1:20 1:05
Exness 1:2000 1:2000 1:200 1:200 1:20 1:02
FP Markets 1:500 1:500 1:100 1:100 1:20 1:05
FBS 1:3000 1:3000 1:100 1:500 1:20 1:03

Spreads & Commissions (Trading Fees)

FXPRO offers variable spreads that can vary depending on the market conditions and the asset being traded. The spreads offered by FXPRO may appear to be on the higher side, with the EUR/USD pair starting from 1.5 pips, GBP/USD from 2.1 pips, WTI spreads from 60 pips, Gold from 36 pips, and BTC from 6251 pips. However, it's important to note that different brokers may offer different spreads depending on their business model, and it's always essential to compare the spreads of different brokers before deciding on one.

In terms of commissions, FXPRO offers commission-free trading for most instruments, except for share CFDs, which are subject to a commission of 0.05% of the transaction value.

spread-commission

Here's a table that compares the spread on some of the most popular trading instruments provided by FXPRO with other well-known brokers in the market.

Broker EUR/USD Spread GBP/USD Spread WTI Spread ETHUSD Spread Gold Spread
FXPRO 1.5 pips 2.1 pips 60 pips 1.5 pips 36 pips
XM 0.8 pips 1.7 pips 3.0 pips 8.0 pips 34 pips
AvaTrade 1.3 pips 1.6 pips 2.2 pips 4.0 pips 40 pips
FXTM 1.3 pips 1.9 pips 2.0 pips 12.0 pips 35 pips
HF Markets 1.1 pips 1.4 pips 4.0 pips 3.0 pips 38

Non-Trading Fees

In addition to trading fees, FXPRO also charges non-trading fees that traders should be aware of. These fees include overnight interest fees, inactivity fees, and withdrawal fees.

Overnight interest fee, also known as swap rates. This fee is charged when traders hold positions overnight and can be either positive or negative, depending on the currency pair and the direction of the trade.

The inactivity fee is charged when a trader does not place any trades for a certain period of time. This fee is typically charged on a monthly basis and is deducted from the trader's account balance.

FXPRO also charges withdrawal fees, which vary depending on the withdrawal method used. Withdrawals via bank transfer are typically subject to a fee, while withdrawals via e-wallets may be free of charge.

Overall, while the non-trading fees of FXPRO are not excessive, traders should be aware of them and factor them into their trading costs.

Trading Platform

FXPro provides traders with a variety of robust and user-friendly trading platforms to choose from, including the popular MetaTrader 4 and 5 (MT4 and MT5) platforms, as well as their proprietary FXPro Trading Platform and the advanced cTrader platform. Each platform offers different features and advantages, allowing traders to choose the platform that best suits their individual trading needs and preferences.

MT4 and MT5 are widely recognized as the industry standard in forex trading platforms, providing traders with a comprehensive range of analytical tools, customizable indicators, and automated trading capabilities. FXPro's proprietary trading platform, on the other hand, offers a user-friendly interface with advanced charting capabilities and built-in risk management tools.

For traders looking for a more advanced trading experience, cTrader offers a range of sophisticated features such as level 2 pricing, advanced order types, and algorithmic trading capabilities.

trading-platform
trading-platform
Broker Trading Platforms Offered
FXPro MT4, MT5, FXPro Trading Platform, FXPro cTrader
FXTM MT4, MT5
Exness MT4, MT5
FP Markets MT4, MT5, IRESS
Pepperstone MT4, MT5, cTrader

Deposit & Withdrawal

The minimum deposit is $100. FXPro UK Ltd provides its clients with a diverse range of deposit and withdrawal options to facilitate seamless transactions. Clients can deposit funds through various methods, including bank transfer, broker-to-broker transfer, VISA, MasterCard, Maestro, and MasterCard Secure Code. Withdrawals can also be made using the same methods.

It is important to note that while deposits are free of charge, some withdrawal methods may incur fees. For instance, bank transfers may attract fees from the bank or intermediary bank, and credit card withdrawals may incur a 2% fee on the withdrawal amount.

deposit-withdrawal

FXPro Financial Services Ltd accepts the payment methods mentioned previously, such as Bank Transfer, Broker to Broker, VISA, MasterCard, and Maestro. Additionally, FXPro Financial Services Ltd also supports e-wallet payment methods including PayPal, Neteller, and Skrill.

deposit-withdrawal
Pros Cons
  • Multiple deposit and withdrawal options available, including bank transfer, credit/debit cards, and e-wallets such as PayPal, Neteller, and Skrill.
  • Some deposit methods may incur fees charged by third-party providers.
  • No deposit fees charged by FXPro.
  • Withdrawal fees may apply depending on the withdrawal method and currency.
  • Fast and efficient deposit and withdrawal processing times, with most deposits and withdrawals processed within 1 business day.
  • Withdrawals may take longer for bank transfers and some other methods, particularly for international transactions.
  • Secure and reliable payment processing, with advanced encryption technology used to protect sensitive financial information.
  • Some e-wallets may not be available in certain countries or regions.
  • High minimum deposit
  • The maximum deposit and withdrawal amounts may be subject to limitations depending on the payment method and account type.

Customer Support

FXPRO offers customer support to its clients through various channels, including email, phone, and live chat. The customer support team is available 24/5 and can assist clients with any questions or issues they may have regarding their trading accounts, trading platforms, or other services offered by the broker.

Clients can contact the customer support team via email, and they can expect to receive a response within 24 hours. Phone support is available in multiple languages, and clients can find phone numbers for their respective countries on the broker's website.

FXPRO also offers a live chat feature on its website, which allows clients to connect with a customer support representative in real-time. Live chat is available in multiple languages and is a quick and convenient way for clients to get their questions answered or issues resolved.

In addition to the above channels, FXPRO has an extensive FAQ section on its website that covers a wide range of topics related to trading, account management, and other services provided by the broker. Clients can access the FAQ section by clicking on the “Support” tab on the broker's website.

customer-support
customer-support
customer-support
Pros Cons
  • Multilingual customer support available via live chat, email, and phone
  • No 24/7 customer support
  • Customer support available in over 20 languages
  • No social media support
  • A FAQ section supported

Educational Resources

  • Video tutorials: FXPro offers a wide range of video tutorials covering various topics such as trading strategies, technical analysis, and market news.

  • Webinars: The broker hosts webinars featuring expert traders, covering a wide range of topics and providing clients with the opportunity to ask questions and interact with other traders.

  • Trading tools: FXPro provides its clients with a range of trading tools, including economic calendars, market analysis, and trading calculators.

  • Ebooks: The broker offers a range of ebooks covering topics such as trading psychology, technical analysis, and trading strategies.

  • Glossary: FXPro has a comprehensive glossary of trading terms, providing clients with definitions of commonly used terms and concepts.

  • Trading academy: The broker has a trading academy that offers a range of courses covering beginner, intermediate, and advanced topics. These courses are designed to help traders improve their skills and knowledge.

  • Market insights: FXPro provides clients with daily market insights, covering the latest market news, analysis, and commentary.

educational-resources
educational-resources

Conclusion

Overall, FXPro is a well-regulated and reputable online forex broker with several advantages and disadvantages. The broker offers a wide range of trading instruments and allows trading on multiple platforms, including MT4, MT5, cTrader, and its proprietary platform.

While the broker's leverage is relatively high, its trading fees, including spreads and commissions, may be considered somewhat expensive. The broker also offers a variety of deposit and withdrawal options, with a minimum deposit of $100.

FXPro's customer support is reliable and efficient, with several contact options, including email, phone, and live chat. Additionally, the broker offers various educational resources, including webinars, articles, and tutorials, to help traders enhance their trading skills and knowledge.

FAQs

Question: Is FXPro a regulated broker?

Answer: Yes, FXPro is a regulated broker. It is authorized and regulated by several top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus.

Question: What trading instruments are available at FXPro?

Answer: FXPro offers a wide range of trading instruments, including forex, commodities, indices, futures, and shares. Clients can trade over 70 currency pairs, as well as gold, silver, crude oil, and other popular commodities.

Question: Does FXPro offer a demo account?

Answer: Yes, FXPro offers a demo account that allows clients to practice trading in a risk-free environment with virtual funds.

Question: What payment methods does FXPro accept?

Answer: FXPro accepts a wide range of payment methods, including bank transfers, credit/debit cards, and e-wallets such as PayPal, Skrill, and Neteller.

Question: What trading platforms does FXPro offer?

Answer: FXPro offers several trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and its own proprietary trading platform. Clients can choose the platform that best suits their trading needs and preferences.

Question: Does FXPro offer educational resources for traders?

Answer: Yes, FXPro offers a range of educational resources for traders, including video tutorials, webinars, and articles.

Risk Warning

Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.

darwinex
Darwinex Basic Information
Founded in 2012
Headquarters London, United Kingdom
Regulation FCA
Minimum Initial Deposit $500
Demo Account Yes
Asset Classes Forex, CFDs, Stocks, Futures
Trading Platforms MT4, MT5
Social/Copy Trading Yes
Maximum Leverage 1:200
Minimum Spread 0.0 pips
Commission From $5 per lot
Payment methods Bank transfers, Credit/debit cards, Skrill, Neteller
Customer support Live chat, Email support, Phone support

Overview of Darwinex

Darwinex is a UK-based financial services firm that offers a range of investment and trading services to clients. The company was founded in 2012 and is regulated by the Financial Conduct Authority (FCA) in the UK. Darwinex is known for its unique trading platform that allows traders to develop and sell their trading strategies to other investors.

Darwinex offers a range of trading instruments, including forex, commodities, indices, and shares, which can be traded on its proprietary trading platform, as well as on MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The company offers both fixed and variable spreads, with the latter starting from 0.0 pips. Darwinex does not charge any commissions on forex trades.

Darwinex offers several account types to cater to the different needs of traders, including a Standard Account, a Professional Account, and a Corporate Account. The Standard Account has a minimum deposit requirement of €500 and offers leverage of up to 1:30 for forex trading.

overview

Is Darwinex Legit or a scam?

Darwinex is a legitimate and regulated broker. It is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, and it also holds an MiFID (Markets in Financial Instruments Directive) passport for the European Union. Additionally, Darwinex uses segregated bank accounts to hold client funds, which provides an extra layer of security for traders. However, as with any broker, it is important for traders to conduct their own due diligence and research before opening an account with Darwinex or any other broker.

regulation

Market Instruments

Darwinex offers a range of trading instruments in various asset classes, including:

  • Forex currency pairs: Darwinex provides access to major, minor, and exotic currency pairs. Some popular pairs include EUR/USD, GBP/USD, USD/JPY, and AUD/USD.

  • Stock CFDs: Darwinex allows trading on a variety of popular stock CFDs, including Amazon, Apple, Facebook, Google, and Tesla, among others.

  • Commodity CFDs: Traders can also access commodity CFDs such as gold, silver, oil, and natural gas.

  • Index CFDs: Darwinex provides trading on popular index CFDs, such as the US30, UK100, and GER30.

  • ETFs: Darwinex also allows trading on a selection of ETFs, including SPDR S&P 500 ETF, iShares MSCI Emerging Markets ETF, and iShares Core S&P 500 ETF.

Account Types

Darwinex provides its clients with the flexibility to choose from three different types of accounts, each designed to cater to specific needs. The first account type is designed for traders who are more involved in the day-to-day activities of the market. The second and third account type, on the other hand, is designed for investors who prefer to take a more hands-off approach and let their investments grow over time. The minimum deposit to open either account is $10,000.

account-types
account-types
Pros Cons
Classic account allows trading with low spreads and no commission Limited leverage available on Classic account
DarwinIA eligibility to earn performance fees on DARWINs Performance fees on DARWINs
Personalized default leverage up to 1:200 for professional traders No negative balance protection on Classic account
Unlimited trading accounts for traders and investors High minimum deposit of $500
Ability to switch between MT4 and MT5 trading platforms Only two account types available
Stocks DARWIN account provides access to commission-free stocks trading High commission on Futures DARWIN account
Futures DARWIN account provides access to futures trading with low margin requirements Limited futures trading instruments available

How to open a live account?

  1. Visit the Darwinex website and click on the “Open a live account” button.

open-account
  1. Fill out the registration form with your personal information, such as name, email, phone number, and address.

open-account
  1. Select the account type you want to open, either Classic, DARWIN or MetaTrader, and choose the currency of your account.

  2. Complete the verification process by providing a copy of your ID and proof of address. You can upload the documents through your account dashboard.

  3. Choose your preferred deposit method and fund your account with a minimum deposit of $500.

  4. Download and install the trading platform of your choice, either MT4 or MT5.

  5. Start trading by placing your first order.

Leverage

Darwinex offers varying levels of leverage to suit the needs of different traders. The maximum leverage available for forex trading is 1:200, while for stock trading it is 1:20. However, it's important to note that leverage can be a double-edged sword and while it can magnify potential profits, it can also magnify potential losses. Therefore, traders should exercise caution and use appropriate risk management strategies when trading with leverage. Darwinex also offers negative balance protection, ensuring that traders do not lose more than their account balance in the event of significant market movements.

Spreads & Commissions (Trading Fees)

Darwinex operates a variable spread model, meaning that the spread on its trading instruments may vary depending on market conditions. The spread is the difference between the bid and ask price of a trading instrument, and it represents the cost of trading with the broker. The typical spreads offered by Darwinex are competitive, and they start from as low as 0.5 pips on major currency pairs such as EUR/USD.

In terms of commissions, Darwinex charges a commission on trades executed on its MT4 and MT5 trading platforms. The commission charged depends on the type of account and the trading instrument being traded. For example, on the Classic account, the commission charged on forex trades is 0.0035% of the notional value of the trade, with a minimum commission of 2.5 units of the account currency. On the other hand, the commission charged on stocks trades on the DarwinIA account is 0.1% of the notional value of the trade, with a minimum commission of 4 units of the account currency.

 spreads-commissions

Non-trading Fees

Darwinex charges a few non-trading fees, such as inactivity fees and withdrawal fees. The inactivity fee is charged when the account has been inactive for more than 60 days and amounts to €/$/£ 36 per month.However, the inactivity fee is waived for clients with a balance of €500 or more. It is important to note that the inactivity fee may be subject to change, and clients are advised to check the Darwinex website for the latest information on fees and charges.The withdrawal fee varies depending on the payment method, and the minimum withdrawal amount is set at €/$/£ 100.

Trading Platform

Darwinex offers its clients two popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available in desktop, web, and mobile versions, providing traders with the flexibility to choose the platform that best suits their trading needs and preferences.

MetaTrader 4 is one of the most widely used trading platforms in the industry, known for its user-friendly interface and advanced charting capabilities. MT4 supports multiple order types and trading strategies, as well as the use of automated trading systems, also known as Expert Advisors (EAs). Traders can access a range of technical indicators and charting tools, as well as real-time news and market analysis. MT4 also provides a secure and stable trading environment, with fast and reliable trade execution.

MetaTrader 5 is the successor to MT4 and is considered to be an even more advanced platform, with additional features and capabilities. Like MT4, it also supports multiple order types and trading strategies, as well as the use of EAs. MT5 offers more advanced charting tools, with additional timeframes and more technical indicators. It also supports more types of pending orders, including Buy Stop Limit and Sell Stop Limit. Additionally, MT5 provides a built-in economic calendar and a customizable news feed, allowing traders to stay up-to-date with the latest market news and events.

trading-platform

Here is a comparison table of the trading platforms offered by Darwinex, Exness, and IC Markets:

Trading Platform Darwinex Exness IC Markets
MetaTrader 4
MetaTrader 5
cTrader
WebTrader
Mobile Trading
Social Trading
API Trading
VPS Hosting

Deposit & Withdrawal

Darwinex offers several deposit and withdrawal methods for its clients. The available deposit methods are Bank transfer, Visa, Mastercard, Skrill, and UnionPay. It's worth noting that deposits made by bank transfer may take longer to process compared to other deposit methods.

deposit-withdrawal

Minimum Deposit

When it comes to the minimum deposit requirement, Darwinex may not be the most cost-effective option in the market as it requires a minimum deposit of $500, which can be perceived as relatively high compared to some of its competitors in the industry. However, it is worth noting that the minimum deposit amount varies among brokers and is often influenced by various factors such as the type of account, the trading platform, and the financial instruments offered.

Broker Minimum Deposit
Darwinex $500
IG $0
Saxo Bank $10,000
eToro $50
Plus500 $100
AvaTrade $100

When it comes to withdrawals, Darwinex processes them through the same deposit method used. There are no fees charged for withdrawal requests, but it's worth noting that the receiving bank or payment provider may apply their own fees. Darwinex does not charge any inactivity fees, which is a plus for traders who may not be active in their accounts for a certain period of time.

deposit-withdrawal
Pros Cons
Multiple deposit options, including bank transfers, credit/debit cards, Skrill, and UnionPay. High minimum deposit requirement of $500.
Fast and secure deposit processing. Withdrawal fees for some methods.
No deposit fees. Limited withdrawal options compared to other brokers.
No withdrawal fees for the first 30 days of each calendar month. Only one free withdrawal per month.
Additional security measures, such as two-factor authentication and segregated client accounts. Withdrawal processing times may take longer than other brokers.

Customer Support

Darwinex offers several customer support channels to its clients. The broker provides customer support in English and Spanish through email, phone, and live chat.

Clients can reach out to Darwinex's customer support team through email at support@darwinex.com. The broker also has a phone line that clients can use to contact customer support during market hours. Additionally, clients can get in touch with Darwinex's support team through live chat, which is available on the broker's website.

Darwinex also has an extensive FAQ section on its website, which covers a range of topics such as account opening, funding and withdrawals, trading, and more. The broker's website also features a knowledge base that clients can use to learn about various aspects of trading and investing.

customer-support
customer-support

Educational Resources

Darwinex offers a range of educational resources to help traders develop their skills and knowledge. They provide regular webinars, articles, and trading guides covering a range of topics such as trading psychology, risk management, technical analysis, and more. They also offer a blog where traders can keep up to date with the latest market news and analysis.

In addition, Darwinex has a community section where traders can share ideas and interact with each other. This provides a platform for traders to learn from each other, share experiences, and get support from the community.

educational-resources

Conclusion

Darwinex is a regulated online broker that provides access to a range of financial instruments, including forex, stocks, and futures. The broker offers a choice of trading platforms, including MT4 and MT5, and competitive spreads and commissions. However, the minimum deposit requirement of $500 may be considered high compared to some other brokers, and the range of payment methods is limited. Darwinex also offers some educational resources and customer support in multiple languages, although some traders may find these to be limited. Overall, Darwinex may be a suitable choice for experienced traders looking for a range of instruments and competitive trading conditions, but beginner traders may find the broker's high minimum deposit and limited educational resources challenging.

FAQs

  • Q: What is Darwinex?

    A:Darwinex is a UK-based online broker that provides access to forex, stock, and commodity markets. It also offers social trading services where traders can buy and sell trading strategies.

  • Q: Is Darwinex regulated?

    A:Yes, Darwinex is regulated by the Financial Conduct Authority (FCA) in the UK.

  • Q: What trading platforms does Darwinex offer?

A: Darwinex offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

  • Q: What account types are available at Darwinex?

A:Darwinex offers three types of accounts, including Classic, Stocks Darwin and Futures Darwin.

Q: What is the minimum deposit required to open an account at Darwinex?

A:The minimum deposit required to open a Classic account is $500.

Are the transaction costs and expenses of fxpro, darwinex lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive fxpro and darwinex are, we first considered common fees for standard accounts. On fxpro, the average spread for the EUR/USD currency pair is -- pips, while on darwinex the spread is --.

Which broker between fxpro, darwinex is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

fxpro is regulated by CYSEC,FCA. darwinex is regulated by FCA.

Which broker between fxpro, darwinex provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

fxpro provides trading platform including -- and trading variety including --. darwinex provides trading platform including Stocks Darwin,Futures Darwin,Classic and trading variety including 200 US stocks.

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