Darwinex Forex Broker

DarwinexReview SummaryFounded2014Registered Country/RegionUnited KingdomRegulationFCAMarket Instrumentsforex, CFDs, commodities, ETFs, futures, stocksSpreadFrom 0.0 pipTrading PlatformMT4/MT5/FIX/APIMinimum Deposit$500Customer SupportLive chat, contact formTel: +44 20 3769 1554Address: Level 39, 1 Canada Square, Canary Wharf, London E14 5AB, UKEmail: info@darwinex.comFacebook, X, YouTube, QQ, LinkedIn, Instagram, TwitterRegional Restrictions/Darwinex Information Darwinex is a regulated broker, offering trading on forex, CFDs, commodities, ETFs, futures, and stocks, with spread from 0.0 pip on MT4/MT5/FIX/API. The minimum deposit requirement is $500.Pros and ConsPros Cons RegulatedNo demo accountVarious contact channelsHigh minimum deposit of $500Various trading productsLack of transparencyWith MT4/MT5 platformIs Darwinex Legit? Yes. Darwinex is licensed by FCA with license number 586466 to offer services.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.UKFinancial Conduct AuthorityRegulatedTRADESLIDE TRADING TECH LTDMarket Maker (MM)586466What Can I Trade on Darwinex? Darwinex offers trading on forex, CFDs, commodities, ETFs, futures, and stocks.Tradable Instruments Supported Forex✔CFDs✔Commodities✔ETFs✔Futures✔Stocks✔Cryptos❌Indices❌Options❌Bonds❌Account Type Darwinex offers three types of accounts, but the details such as leverage and account minimum deposit are not revealed.Account TypeMinimum DepositDARWIN IBKR Account/Classic IBKR Account/Professional Accounts/Leverage The broker has not clearly provided the leverage it offers. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.Darwinex Fees Trading Fees An EUR / GBP / USD 5 commission applies to deposits by bank transfer below EUR / GBP / USD 500. Additional charges by the bank may apply in case of USD deposits by bank wire below 2,000 USD. In case of deposits from Skrill, Darwine charges a 0.5% commission. Darwinex Spreads Darwinex offers spreads from 0.0 pip. Swap Rates Swap rates may change without prior notice. Swaps are charged daily at 17:00 NY City time. Wednesday swaps are charged in triple size. The swaps shown are the indicative amounts of the liquidity provider for the end of the day. In the event that the actual amount of swaps charged to Darwinex at the end of the day varies substantially from the published amount, Darwinex reserves the right to modify the swaps to customers at the time of application to adjust them to the amounts actually charged by the provider. USD/CAD, USD/TRY swaps are charged daily at 17:00 NY City time. Thursday swaps are charged in triple size.Trading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Desktop, mobile, webBeginnersMT5✔Desktop, mobile, webExperienced traderFIX✔//API✔//Deposit and Withdrawal The broker accepts payments via credit,debit cards, Skrill,CUP P2P,and bank transfer. The different deposit/withdrawal methods available may vary depending on each client's specific circumstancesDeposit Options CurrenciesMinimum DepositCommissionProcessing TimeBank transfer€ / $ / £500Your bank's1-3 business daysCard€ / $ / £500/ImmediateSkrill€ / $ / £5000.5%ImmediateCUP P2P€ / $ / £500/Up to 1 working dayWithdrawal Options CurrenciesMaximum Withdrawal CommissionMinimum commissionProcessing Time Bank transfer€ / $ / £/Your bank's and our's/1-3 business daysCard€ / $ / £20,0001%2€ / $ / £1-3 business daysSkrill€ / $ / £5,0001%2€ / $ / £1-3 business daysCUP P2P€ / $ / £/1%/1-3 business days