About the company
Darwinex began operations in 2012, under the direction of Tradeslide Trading Tech Limited. The Financial Conduct Authority of the United Kingdom has authorized and regulated the corporation, which is situated in London. With over 40 workers serving over 3,000 clients in 80 countries, the broker has seen remarkable development in recent years. Following the success of its own alpha asset DARWIN, the business tripled its profits in 2017.
The API program is only used to duplicate DARWIN assets on DARWIN Exchange, the broker’s trading floor. Using algorithmic tools, the DARWIN API allows investors to buy and sell winning strategies. Investors can use past data to test assets or portfolios, hire trading robots, generate statistical indicators, and have access to analytical tools and historical data.
The company provides a downloadable MT4 platform, sophisticated software with comprehensive charting and automation, for traditional DIY Forex and CFD trading. Traders have access to a wide range of technical analysis tools and indicators, as well as a complete collection of pending orders, an updated news feed, and current prices. The technology also allows for advisor-assisted algorithmic trading of robots.
For experienced traders, the firm also provides an MT5 platform with extensive trading features. A broader selection of indicators and tools, as well as advanced order types and execution modes, 21-time frames, Depth of Market, and an economic calendar, are available to users. After finishing account registration, MetaTrader platforms are ready for download.
Users can copy particular traders or diversify their investments by using the Darwinex mobile app. The software displays real-time results in real-time, allowing traders to manage their whole portfolio while on the road. The platform is available in four languages and can be downloaded for iOS and Android. MetaTrader mobile apps, unlike others, allow independent traders to access Forex and CFD products. The apps have been expertly customized for usage on any smartphone and offer several advanced features and capabilities. Apps are available in more than 20 languages and may be downloaded from the Apple App Store or Google Play.
In addition to the trading platforms, the broker provides dedicated helper libraries. For traders contemplating alternate programming methods for trading robots, this allows them to use non-MQL methodologies such as Python and Java. Users can also use the tick data function to better their trading strategy, and the VPS service to reduce latency on MetaTrader platforms.
On the MT4 and Darwinex platforms, you can open a demo account without risking any real money. Experienced traders can use demo accounts to fine-tune their trading techniques. Investor Demo Accounts are pre-loaded with $10,000 in virtual investments and are not subject to expiration.
Over 300 tradable instruments are available on Darwinex, including 41 major to exotic currency pairings, 10 popular indices, including the FTSE 100, and over 230 US stocks exchanges. There are also four commodities: gold, silver, natural gas, and crude oil, as well as five cryptocurrencies.
Commissions and leverage
Real-time spreads for self-trading are around 0.3 pips for EUR/USD and 0.7 pips for the FTSE 100. Gold was trading at 0.21 pips, while crude oil was trading at 0.03 pips. In general, these costs are reasonable when compared to those offered by Oanda and XTB.
For a single contract order, the FX commission is 2.5 currency units. The indexed cost varies between 0.275 and 2.75 currency units, with all shares valued at $ 0.02 for every contract. Overnight positions are also subject to swap rates.
Traders that invest in DARWIN pay a 1.2 percent annual commission on the invested capital and a 20% commission on the profit if DARWIN is profitable. Following that, suppliers gain 15% of the execution charge, while Darwinex gets 5%.
For major currency pairs, the maximum leverage is 1:30. Small pairs can be used up to a ratio of 1:20, whereas commercial pairs can be used up to a ratio of 1:10. Each instrument’s margin requirements are listed in the product specifications on the website.
Bank transfers, bank cards, and electronic payment systems can be used to fund accounts in EUR, USD, or GBP. A minimum deposit of 100 currency units is required. On Skrill deposits, the firm simply takes a 0.5 percent commission. Card and Skrill payments are handled instantly, whereas Trustly payments can take up to one business day to complete. Bank transfers can take up to three days to complete.
All applicable withdrawal expenses are passed on to the trader. 1.2 percent on cards and Skrill (at least two currencies) and 3.5 euros or pounds sterling on Trustly are among them. The least amount that can be withdrawn is ten currency units. The cost of a bank transfer varies depending on the bank. It takes 1-3 business days for all withdrawal methods to be processed. Please be aware that PayPal is not an option.
Darwinex is a member of the Financial Services Compensation Scheme, which provides up to £85,000 in compensation to investors in the event of insolvency. For qualifying clients, the company also offers free additional insurance worth up to £500,000. In addition, the brokerage adheres to additional regulatory standards, such as segregating customer and investor funds and protecting against negative balances.
The company offers some training in the form of tutorials and training videos available on their website. Copy-trading studies that sort and ranks thousands of techniques are also available on the dashboard.