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Darwinex

United Kingdom|10-15 years| Benchmark AAA|
Regulated in United Kingdom|Market Making(MM)|MT4/5 full license|Global Business|High potential risk|

https://www.darwinex.com/

Website

Rating Index

Benchmark

Benchmark

AAA

Average transaction speed (ms)

280.1 Great

MT4/5

Full License

Darwinex-Demo

United Kingdom
MT4
2

Influence

A

Influence index NO.1

Spain 8.12

Benchmark

Speed:AAA

Slippage:AA

Cost:AA

Disconnected:AA

Rollover:A

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
Darwinex-Demo MT4
Server Location United Kingdom

Influence

Influence

A

Influence index NO.1

Spain 8.12

Surpassed 50.06% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 20 3769 1554
info@darwinex.com
https://www.darwinex.com/
Level 39, 1 Canada Square, Canary Wharf, London E14 5AB, UK

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
Darwinex
CCC
NSFX

Contact number

English

+44 20 3769 1554

Broker Information

More

Company Name

Tradeslide Trading Tech Limited

Company Abbreviation

Darwinex

Platform registered country and region

United Kingdom

Company website
Twitter
Facebook
YouTube
Linkedin

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts
Previous Detection : 2024-02-25
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

Darwinex · Benchmark
Average transaction speed(ms)
280.1 Great
The highest transaction speed(ms)
78 Great
The highest speed of opening positions(ms)
78 Great
The highest speed of closing position(ms)
93 Great
The lowest speed of opening positions(ms)
1578 Good
The lowest speed of closing position(ms)
391 Great
Ranking: 22 / 125
Test user 230
Orders 1,052
Ocuppied margin $748,971 USD
Data Source WikiFX Data provide
Updated: 2024-02-23 01:02:SS

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Darwinex · Company Summary

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.

News

Darwinex Expands its Product Suite with Innovative Micro-Indices for Key Stock Indices

NewsDarwinex Expands its Product Suite with Innovative Micro-Indices for Key Stock Indices

2023-07-17 16:49

Darwinex takes a monumental step in enhancing trading opportunities by introducing micro-indices for the Nikkei 225, S&P 500, and Dow Jones 30. Starting July 17, 2023.

WikiFX
2023-07-17 16:49
News
Darwinex Expands its Product Suite with Innovative Micro-Indices for Key Stock Indices
Darwinex Has Assets Exceed €100 Million

NewsDarwinex Has Assets Exceed €100 Million

2022-10-07 16:37

Darwinex, a broker and asset manager based in the United Kingdom and Spain, has announced that its assets under management have surpassed 100 million euros, after a 45% increase in the preceding nine months.

WikiFX
2022-10-07 16:37
News
Darwinex Has Assets Exceed €100 Million
Darwinex Has Been Granted a CNMV License In Spain

NewsDarwinex Has Been Granted a CNMV License In Spain

2022-09-14 11:00

Darwinex, a broker and asset manager established in the United Kingdom and Spain, has announced that it has secured a license from the Comisión Nacional de Mercados de Valores (CNMV) in Spain to operate throughout the nation and the rest of the European Economic Area.

WikiFX
2022-09-14 11:00
News
Darwinex Has Been Granted a CNMV License In Spain
Darwinex Raises €3 Million to Accelerate Its Growth

NewsDarwinex Raises €3 Million to Accelerate Its Growth

2021-07-29 09:50

Leading investors in the latest funding round were Stefan Jaecklin and Pinorena Capital.

WikiFX
2021-07-29 09:50
News
Darwinex Raises €3 Million to Accelerate Its Growth

User Reviews

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9

Comments

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Mandheling
3-6months
I am unable to make a withdrawal, and there has been no response from customer service. Deposits and trading are permitted, but withdrawal requests seem to be ignored. The total amount in my account, including the principal and profits, is only a few hundred dollars, yet I am unable to withdraw.
2024-01-15 13:01
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0
0
吴林燕
more than one year
weeks ago i started my forex trading journey on darwinex and so far it looks good. However, now I see that there are some complaints against this broker. Should I withdraw all my money to avoid being scammed?
2023-02-14 10:19
Reply
0
0
56673
more than one year
Everything is very transparent, and there are no hidden fees, which is quite satisfying for me. So far my demo trading is quite good. Hope this time I made a good choice, pray for good luck!
2023-02-13 14:32
Reply
0
0
TERSOR珮卓私人定制
more than one year
Darwinex is a long-established forex broker offering advanced trading platform, competitive spreads, and demo accounts available. You can open a demo account to see its real trading conditions first. This platform does have a wide client base, and I used to use it twice, its customer support is amazing, giving your professional responses anytime.
2022-11-21 11:28
Reply
0
0
touhin
more than one year
This broker seems to be performing well, leverage, spreads, trading platforms, are very competitive, but the problem is that the minimum deposit is too high! I've also seen a lot of traders complain that Darwinex seems to be slow in withdrawing processing? I was dissuaded all of a sudden..
2022-11-17 11:12
Reply
0
0
Claire18709
more than one year
SCAMMER BROKER! My money always takes time to arrive! And now even their website is closed. I don't know if I can get my money back but I hope more people know what this scoundrel does.
2022-11-15 18:51
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0
0
Rin Pich
more than one year
help me
2022-10-07 17:38
Reply
0
0
gull huma
more than one year
good
2022-10-07 17:15
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0
0
gull huma
more than one year
hi
2022-10-07 17:08
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0
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