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Do you want to know which is the better broker between FXTM and Darwinex ?
In the table below, you can compare the features of FXTM , Darwinex side by side to determine the best fit for your needs.
Long: -7.04
Short: 2.53
Long: -37.89
Short: 19.3
EURUSD: -0.5
XAUUSD: 6.1
Long: -6.78
Short: 1.57
Long: -43.16
Short: 26.91
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 fxtm, 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:
FXTM | Basic Infromation |
Registered Country/Region | United Kingdom |
Founded in | 2011 |
Headquarters | Cyprus, UK, Belize |
Regulated By | FCA, CySEC, FSCA (Out of Scope Business) |
Minimum Deposit | $10 |
Leverage | Up to 1:2000 |
Account Types | Micro, Advantage, and Advantage Plus |
Demo Account | Yes |
Trading Instruments | Forex, Commodities, Indices, Shares, Cryptocurrencies |
Trading Platforms | MetaTrader 4, MetaTrader 5, FXTM Trader |
Mobile Trading | Yes |
Islamic Account | Yes |
Payment Methods | Credit/Debit Cards, Bank Wire, E-wallets |
Minimum Spread on EUR/USD | From 0.1 pips |
Customer Support | 24/5 Live Chat, Email, Phone |
Educational Resources | Yes |
Negative Balance Protection | Yes |
FXTM, or Forex Time, is a global forex and CFD broker founded in 2011. The company is headquartered in Cyprus and is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and other regulatory bodies in various countries. FXTM offers a variety of trading instruments, including forex, commodities, indices, shares, and cryptocurrencies.
FXTM is its extensive range of account types, which cater to traders of all experience levels and preferences. The broker offers five different account types, including the Micro, Advantage, and Advantage Plus accounts, as well as demo accounts and Islamic accounts. Each account type comes with its own unique features, including different leverage options, spreads, and minimum deposit requirements. In terms of trading fees, FXTM offers variable spreads on most of its instruments, with spreads starting from as low as 0.1 pips.
FXTM also offers a range of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are available in desktop, web, and mobile versions, allowing traders to trade on the go and from anywhere in the world.
Lastly, FXTM provides customer support in multiple languages, which is available 24/5 via live chat, email, and phone. The broker also offers a range of educational resources, including webinars, seminars, and trading guides.
FXTM is currently regulated by two reputable regulatory bodies, the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. These regulatory bodies ensure that the broker operates within strict guidelines and rules.
Forextime Ltd (Its CYSEC entity), is authorized and regulated by the Cyprus Securities and Exchange Commission (CYSEC) under regulatory license number 185/12.
Exinity UK Ltd, its UK entity, is authorized and regulated by the Financial Conduct Authority (FCA) under regulatory license number 777911.
FOREXTIME LTD is authorized by the Financial Conduct Authority (FSCA), holding a license of Financial Service Authority under license no. 46614.
FXTM is a well-known broker that offers a range of trading services to its clients, including forex, commodities, and CFDs. While there are many benefits to trading with FXTM, there are also some drawbacks to consider. In this table, we'll take a closer look at the pros and cons of trading with FXTM, so you can make the right choice about whether this broker is right for you. Some of the pros we'll cover include their range of account types, competitive spreads, and excellent customer support, while some of the cons we'll discuss include the lack of cryptocurrency trading and high withdrawal fees.
Pros | Cons |
Regulated by top-tier financial authorities, FCA and CYSEC | Limited product offerings compared to some competitors |
Wide range of account types for different trading needs | High inactivity fee |
Low minimum deposit requirements | Limited payment methods |
Demo Accounts Available | Limited research tools and resources |
Islamic Accounts Available | |
Access to a variety of trading platforms, including MT4 and MT5 | |
Multiple funding and withdrawal options | |
Rich Eductaional Resources | |
Rich Trading Tools | |
High-quality customer support |
FXTM offers a diverse range of trading instruments for its clients, which includes forex, spot metals, CFD commodities, stock, stock CFDs, and CFDs on indices. The forex market is the largest financial market in the world, and FXTM provides access to a wide range of major, minor and exotic currency pairs. This means that traders have the flexibility to trade the currency pairs that best suit their trading strategies.
In addition to forex, FXTM offers trading in spot metals, which include gold, silver, and platinum. Spot metals can be a useful tool for diversifying a portfolio or hedging against inflation or geopolitical risks. FXTM also provides CFD trading in commodities, such as oil, natural gas, and agricultural commodities. CFD trading allows traders to speculate on the price movements of these commodities without having to own them physically.
FXTM also offers trading in stocks and stock CFDs. With access to global markets, traders have the opportunity to invest in some of the world's leading companies, such as Apple, Amazon, and Facebook. Moreover, traders can benefit from dividend payments when holding stock CFDs for the long term.
Finally, FXTM provides CFD trading on indices, which allows traders to speculate on the performance of a particular stock market. This is particularly useful for traders who want to take a broader view on the direction of a market, rather than focusing on individual stocks.
Overall, FXTM's range of market instruments provides traders with a wide variety of opportunities to diversify their trading portfolio and explore new trading strategies.
Pros | Cons |
Offers a wide range of markets to trade, including forex, spot metals, and CFDs on commodities, stocks, and indices | Limited selection of individual stocks compared to some competitors |
Competitive spreads and commissions | Margin requirements on some instruments may be higher than other brokers |
Access to both major and minor forex pairs, as well as exotic currency pairs | Limited cryptocurrency offerings compared to some competitors |
Opportunity to diversify portfolio with a variety of markets | The number of CFDs on commodities may be limited compared to other brokers |
Offers both MetaTrader 4 and MetaTrader 5 platforms for trading | Availability of certain markets may vary depending on the trader's location |
FXTM offers three different types of trading accounts, which are the Micro account, the Advantage account, and the Advantage Plus account. The Micro account requires a minimum deposit of $10, the Advantage account requires a minimum deposit of $100, and the Advantage Plus account requires a minimum deposit of $500.These account types are designed to cater to the varying needs and preferences of traders, ranging from beginner traders with limited capital to experienced traders looking for more advanced trading features. Each account type has its own unique features and benefits, such as different minimum deposit requirements, leverage ratios, and spreads, allowing traders to choose the one that suits them best. The Micro account is ideal for novice traders with a limited budget, while the Advantage account is suitable for experienced traders who require advanced trading tools and a competitive trading environment. The Advantage Plus account is designed for professional traders who require high-volume trading and personalized support from a dedicated account manager.
Pros | Cons |
Micro account has low initial deposit | Micro account has higher spreads compared to other types |
Advantage account has low spreads | Advantage account has a higher minimum deposit |
Advantage Plus account offers lower commissions | Advantage Plus account has the highest minimum deposit |
FXTM offers demo accounts for all its account types, including Micro, Advantage, and Advantage Plus. These demo accounts allow traders to test their trading strategies in a risk-free environment using virtual funds. Demo accounts are also useful for new traders who want to learn how to trade before committing real money to live trading. With FXTM's demo accounts, traders can access all the trading tools and features available in the live trading platform. The demo accounts are also available in multiple languages, making it accessible for traders from different countries. However, it's important to note that demo trading doesn't completely simulate the emotional and psychological aspects of real trading, which could affect a trader's performance in the live markets.
To open an account with FXTM, you first need to visit their website and click on the “OPEN ACCOUNT” button on the top right-hand corner of the page.
This will take you to the account registration page where you will need to fill out some basic personal information like your name, email address, and phone number.
Next, you will be asked to choose the type of account you want to open. FXTM offers three main account types - Micro, Advantage, and Advantage Plus, each with its own features and benefits. You will also need to select the base currency of your account and agree to the terms and conditions of the broker.
Once you have selected your account type and base currency, you will be prompted to provide some additional personal information like your date of birth, occupation, and address. You will also need to answer a few questions about your trading experience and investment goals.
After you have completed the registration process, you will need to verify your account by providing some additional documents like a copy of your ID or passport and a proof of address like a utility bill or bank statement.
Finally, once your account is verified, you can then make your first deposit and start trading.
FXTM offers leverage of up to 1:2000, depending on the account type and trading instrument. The highest leverage is available for forex trading on the FXTM Pro account, while the other account types offer leverage up to 1:30 for EU traders and up to 1:2000 for non-EU traders. It's recommended to use leverage wisely and only trade with funds you can afford to lose. FXTM also offers negative balance protection, which ensures that traders can not lose more than their account balance. This feature can provide additional peace of mind when trading with high leverage.
For the Micro account, the spreads start from 1.5 pips, and no commission is charged. For the Advantage account, the spreads start from 1.1 pips, and a commission of $2 is charged per lot. For the Advantage Plus account, the spreads start from 0.0 pips, and a commission of $4 is charged per lot. It's important to note that the spreads are floating and may widen during periods of high market volatility.
The spreads offered by FXTM are typically lower than those offered by many other brokers in the industry, particularly on the Advantage and Advantage Plus accounts. The Micro account, however, has slightly higher spreads, which is to be expected due to the smaller minimum deposit requirement.
Here we have created a comparison table of the average spreads and commissions offered by FXTM and some other popular forex brokers such as IC Markets, Exness, and FP Markets:
Broker | EUR/USD Spread | Commission | Minimum Deposit |
FXTM (Micro) | 1.5 pips | No commission | $10 |
FXTM (Advantage) | 0.5 pips | No commission | $100 |
FXTM (Advantage Plus) | 0.1 pips | No commission | $500 |
IC Markets (Raw Spread) | 0.1 pips | $7 round turn | $200 |
Exness (Raw Spread) | 0.3 pips | No commission | $1 |
FP Markets (Raw Spread) | 0.0 pips | $7 round turn | $100 |
Apart from trading fees, FXTM charges some non-trading fees that traders should also consider before choosing this broker. Some of the non-trading fees charged by FXTM include inactivity fee, withdrawal fee, deposit fee, and overnight fee. The inactivity fee is charged when a trader does not perform any trading activity on their account for a period of 6 months. The fee charged is $5 per month. Withdrawal fees vary depending on the method used, with bank transfers attracting a higher fee compared to e-wallets. Deposit fees are not charged for most methods, but a 2.5% fee is charged when depositing via Neteller. Overnight fees are charged when a position is held open overnight, and they vary depending on the instrument being traded
Here is a table showing the comparison of non-trading fees charged by FXTM and some other popular forex brokers:
Broker | Inactivity Fee | Deposit Fee | Withdrawal Fee |
FXTM | $5/month after 6 months of inactivity | Free | Fees may occur |
Avatrade | $50/quarter after 3 months of inactivity | Free | Fees may occur |
IC Markets | $0 | Free | Fees may occur |
Exness | $0 | Free | Fees may occur |
FP Markets | $0 | Free | Fees may occur |
FXTM offers a range of trading platforms, including the popular MetaTrader 4 and 5 platforms, as well as their proprietary trading platform called FXTM Trader. The MetaTrader 4 and 5 platforms are known for their ease of use, comprehensive charting tools, and customizability, while FXTM Trader offers advanced features such as price alerts, multiple chart types, and a news feed.
One of the main advantages of using MetaTrader 4 and 5 is the vast community of traders who have developed and shared custom indicators and trading strategies, making it easy to find and use powerful tools that can help improve your trading performance.
Another advantage of FXTM's trading platforms is their compatibility with a range of devices, including desktop, mobile, and web-based platforms, making it easy to trade on the go or from any device.
Here's a table comparing the trading platforms offered by FXTM, IC Markets, Avatrade, and Exness
Broker | Platform Types | Desktop | Web-Based | Mobile |
FXTM | MT4, MT5, FXTM Trader | ✔ | ✔ | ✔ |
IC Markets | MT4, MT5, cTrader | ✔ | ✔ | ✔ |
Avatrade | MT4, AvaTradeGO, WebTrader | ✔ | ✔ | ✔ |
Exness | MT4, MT5 | ✔ | ✔ | ✔ |
FXTM offers a variety of deposit and withdrawal options for its clients. Traders can deposit funds into their trading account using credit/debit cards, bank wire transfers, e-wallets, and other online payment methods. The minimum deposit amount varies depending on the account type selected by the trader.
For credit/debit card deposits, FXTM accepts Visa, Mastercard, and Maestro. There are no deposit fees for credit/debit card transactions, and funds are usually credited to the trading account instantly.
Bank wire transfers are also available as a deposit option. This method takes longer to process compared to other deposit methods and may incur charges from the bank. The minimum deposit amount for bank wire transfers varies depending on the currency selected, and it may take up to five business days for funds to appear in the trading account.
E-wallets such as Skrill, Neteller, and WebMoney are also accepted by FXTM. Deposits made through e-wallets are usually credited to the trading account instantly and are free of charge. The minimum deposit amount for e-wallet transactions varies depending on the selected e-wallet.
Withdrawals can be made using the same methods as deposits, with the exception of Mastercard. Withdrawals made through credit/debit cards may take up to three business days, while withdrawals made through e-wallets are usually processed within 24 hours. Bank wire transfers may take up to five business days for the funds to be credited to the trader's bank account.
FXTM charge withdrawal fees for some methods. Traders are advised to check the fees and processing times associated with each method before making a deposit or withdrawal.
Pros | Cons |
Multiple deposit and withdrawal methods | Some withdrawal methods may have higher fees |
No deposit fees | Minimum withdrawal amounts may be higher than other brokers |
Fast deposit and withdrawal processing times | Some deposit methods may not be available in certain regions |
Supports various currencies for transactions |
FXTM is known for providing excellent customer support to its clients. The broker offers various channels for clients to contact their support team, including live chat, email, and phone support. The customer support team is available 24/5 and is multilingual, which means clients can communicate with them in their preferred language.
FXTM also provides an extensive FAQ section on their website that covers various topics, such as account opening, deposit and withdrawal methods, trading platforms, and more. This section is helpful for clients who prefer to find answers to their questions without contacting the support team.
Pros | Cons |
Live chat support available | No 24/7 customer support |
Fast response times | No phone support for some countries |
Knowledgeable and helpful staff | Limited educational resources for clients |
Various support channels available | |
A FAQs section |
FXTM offers various educational resources to its clients to enhance their trading skills and knowledge. These resources include webinars, seminars, articles, e-books, educational videos, and more.
Webinars and seminars are live sessions conducted by market experts and analysts who provide insights and analysis on market trends and trading strategies. The sessions cover a wide range of topics, including technical and fundamental analysis, risk management, and trading psychology. The webinars and seminars are interactive, allowing clients to ask questions and get feedback from experts.
FXTM also provides a wide range of educational articles and e-books that cover a variety of trading topics. These resources are available to all clients, regardless of their account type, and can be accessed on the FXTM website.
In addition to these resources, FXTM offers educational videos that cover various aspects of trading, including market analysis, trading strategies, and risk management. These videos are designed to be engaging and informative, making them a useful tool for traders at all levels of experience.
Pros | Cons |
Wide range of educational resources available | Some resources may be outdated or not relevant |
Multiple formats available (webinars, articles, etc.) | Limited in-depth educational resources |
Demo account available for practice trading | Educational resources may not be suitable for all levels of traders |
Educational resources available in multiple languages | Some resources may require a subscription or additional fees |
FXTM is a well-regulated and respected forex broker with a wide range of market instruments, competitive trading conditions, and user-friendly trading platforms. They offer various account types with reasonable minimum deposits and leverage options. FXTM's customer support is also responsive and helpful, while their educational resources can be useful for both novice and experienced traders.
However, there are also some potential drawbacks to consider. FXTM's non-trading fees, such as withdrawal fees, can be high, and their spreads can be wider than some of their competitors. Additionally, some traders may find their educational resources lacking in depth or variety.
Q: Is FXTM regulated?
A: Yes, FXTM is regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC).
Q: What trading instruments are available on FXTM?
A: FXTM offers a range of trading instruments including forex, spot metals, CFD commodities, stock CFDs, and CFDs on indices.
Q: What types of trading accounts are available on FXTM?
A: FXTM offers three main types of trading accounts: the Micro account, Advantage account, and Advantage Plus account.
Q: What is the minimum deposit required to open an account on FXTM?
A: The minimum deposit required for each account type on FXTM is as follows: Micro account - $10, Advantage account - $100, and Advantage Plus account - $500.
Q: What trading platforms are available on FXTM?
A: FXTM offers a range of trading platforms including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
Q: What are the deposit and withdrawal options on FXTM?
A: FXTM offers a variety of deposit and withdrawal options including bank transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and more.
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 |
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.
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.
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.
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.
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 |
Visit the Darwinex website and click on the “Open a live account” button.
Fill out the registration form with your personal information, such as name, email, phone number, and address.
Select the account type you want to open, either Classic, DARWIN or MetaTrader, and choose the currency of your account.
Complete the verification process by providing a copy of your ID and proof of address. You can upload the documents through your account dashboard.
Choose your preferred deposit method and fund your account with a minimum deposit of $500.
Download and install the trading platform of your choice, either MT4 or MT5.
Start trading by placing your first order.
Darwinex offers varying levels of leverage to suit the needs of different traders. The maximum leverage available for forex trading is 1:200, while for stock trading it is 1:20. However, it's important to note that leverage can be a double-edged sword and while it can magnify potential profits, it can also magnify potential losses. Therefore, traders should exercise caution and use appropriate risk management strategies when trading with leverage. Darwinex also offers negative balance protection, ensuring that traders do not lose more than their account balance in the event of significant market movements.
Darwinex operates a variable spread model, meaning that the spread on its trading instruments may vary depending on market conditions. The spread is the difference between the bid and ask price of a trading instrument, and it represents the cost of trading with the broker. The typical spreads offered by Darwinex are competitive, and they start from as low as 0.5 pips on major currency pairs such as EUR/USD.
In terms of commissions, Darwinex charges a commission on trades executed on its MT4 and MT5 trading platforms. The commission charged depends on the type of account and the trading instrument being traded. For example, on the Classic account, the commission charged on forex trades is 0.0035% of the notional value of the trade, with a minimum commission of 2.5 units of the account currency. On the other hand, the commission charged on stocks trades on the DarwinIA account is 0.1% of the notional value of the trade, with a minimum commission of 4 units of the account currency.
Darwinex charges a few non-trading fees, such as inactivity fees and withdrawal fees. The inactivity fee is charged when the account has been inactive for more than 60 days and amounts to €/$/£ 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.
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.
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 | ✓ | ✓ | ✓ |
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.
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.
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. |
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.
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.
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.
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.
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 fxtm and darwinex are, we first considered common fees for standard accounts. On fxtm, the average spread for the EUR/USD currency pair is From 1.5 pips, while on darwinex the spread is --.
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.
fxtm is regulated by CYSEC,FCA,FSC,FSCA. darwinex is regulated by FCA.
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.
fxtm provides trading platform including ADVANTAGE PLUS,ADVANTAGE and trading variety including FX Metals Commodities Indices FX indices Stock baskets Stock CFDs (only MT5) Stocks (only MT5). darwinex provides trading platform including Stocks Darwin,Futures Darwin,Classic and trading variety including 200 US stocks.