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. 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. 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. 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？ 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 $500. Download and install the trading platform of your choice, either MT4 or MT5. Start trading by placing your first order. Leverage Darwinex offers varying levels of leverage to suit the needs of different traders. The maximum leverage available for forex trading is 1:200, while for stock trading it is 1:20. However, it's important to note that leverage can be a double-edged sword and while it can magnify potential profits, it can also magnify potential losses. Therefore, traders should exercise caution and use appropriate risk management strategies when trading with leverage. Darwinex also offers negative balance protection, ensuring that traders do not lose more than their account balance in the event of significant market movements. Spreads & Commissions (Trading Fees) Darwinex operates a variable spread model, meaning that the spread on its trading instruments may vary depending on market conditions. The spread is the difference between the bid and ask price of a trading instrument, and it represents the cost of trading with the broker. The typical spreads offered by Darwinex are competitive, and they start from as low as 0.5 pips on major currency pairs such as EUR/USD. In terms of commissions, Darwinex charges a commission on trades executed on its MT4 and MT5 trading platforms. The commission charged depends on the type of account and the trading instrument being traded. For example, on the Classic account, the commission charged on forex trades is 0.0035% of the notional value of the trade, with a minimum commission of 2.5 units of the account currency. On the other hand, the commission charged on stocks trades on the DarwinIA account is 0.1% of the notional value of the trade, with a minimum commission of 4 units of the account currency. Non-trading Fees Darwinex charges a few non-trading fees, such as inactivity fees and withdrawal fees. The inactivity fee is charged when the account has been inactive for more than 60 days and amounts to €/$/£ 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. 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. 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. 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. 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. 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.