Darwinex Review 2022

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With multiple trading products and an advanced suite of analysis tools, Darwinex is an excellent online broker.

InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies
Demo AccountYes
Min. Deposit$500
Payment Methods
Min. Trade0.01 lots
Regulated ByFCA
MetaTrader 4Yes
MetaTrader 5Yes
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountNo
ECN AccountNo
DMA AccountYes
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsYes
Margin TradingNo
Volatility IndexNo
Spot TradingNo
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionNo
VPS HostingNo
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingYes (EAs)
Social TradingYes
Copy TradingNo
Trade SignalsYes
Islamic AccountNo
Account Currencies
  • USD
  • EUR
  • GBP
Guaranteed Stop LossNo
Commodities
  • Gold
  • Natural Gas
  • Silver
CFD TradingStart trading across the markets with CFDs.
CFD FTSE Spread0.7
CFD GBPUSD Spread0.7
CFD Oil Spread0.03
CFD Stocks SpreadVariable
CFD Leverage1:30
Forex TradingDarwinex offers 1:30 leverage on forex pairs.
Forex GBPUSD Spread0.7
Forex EURUSD Spread0.3
Forex EURGBP Spread0.5
Forex Assets40+
Crypto TradingTrade 5 top crypto coins against the US Dollar.
Crypto SpreadFloating
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • BTC
  • BTH
  • ETH
  • LTC
  • XRP
Risk Warning – Your capital is at risk

Darwinex is a broker and asset manager with a growing online community of self-directed forex traders and strategy investors. In this broker review, we’ll explore the unique trading features, plus everything you need to know about ECN spreads, fees and leverage. Find out if you should login to Darwinex today.

Darwinex Details

Darwinex was originally launched in 2012 under Tradeslide Trading Tech Limited. The company is based in London and is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.

The broker has seen rapid growth in recent years, with over 40 employees serving over 3,000 clients across 80 countries. In 2017, the broker tripled its revenue after the success of its own alpha asset, the DARWIN (Dynamic and Risk Weighted Investments).

Darwinex also offers trading on forex, indices, commodities, US stocks and cryptocurrencies on DMA platforms including MT4 and MT5, plus FIX API technology.

Trading Platforms

DARWIN API

The brand offers proprietary software developed by Darwinex Labs, the broker’s Quant team.

The API software is used solely for copy-trading DARWIN assets on the broker’s proprietary marketplace, the DARWIN Exchange. DARWIN API allows investors to buy and sell winning strategies, using algorithmic technology. Investors can backtest assets or portfolios, recruit trading robots, build custom statistical indicators and access analytical toolkits and historical data.

DARWIN API
DARWIN API

MetaTrader 4

For classic self-directed trading on forex and CFDs, Darwinex offers the downloadable MT4 platform, a highly sophisticated software with advanced charting capabilities and automation.

Traders get access to dozens of analytical tools and indicators for technical analysis, a full set of pending orders, an updated news feed and live pricing. The platform also supports algorithmic robot trading through the use of expert advisors.

Darwinex MetaTrader 4
Darwinex MetaTrader 4

MetaTrader 5

Darwinex also offers the MT5 platform, which provides an enhanced trading experience for seasoned traders. Users can access a wider range of indicators and tools, advanced order types and execution modes, 21 time intervals, Depth of Market (DOM) and an economic calendar.

Darwinex MetaTrader 5
Darwinex MetaTrader 5

The MetaTrader platforms are available for download once account registration is complete.

Algorithmic Trading Plugins

Darwinex also offers engineered auxiliary libraries to complement the MetaTrader and FIX API platforms, including the ZeroMQ to MetaTrader and Zorro to MetaTrader bridging solutions.

These allow traders to implement non-MQL strategies such as Python and Java, for traders considering alternative programming methods for trading robots. Users can also enhance their trading strategy with the Tick Data feature or reduce latency in the MetaTrader platforms with a VPS service.

Darwinex automated trading
Darwinex automated trading

Markets

Darwinex offers over 300 tradable instruments, including 41 forex pairs from majors to exotics, 10 popular indices, including the FTSE 100, plus over 230 USA stocks on NASDAQ and NYSE exchanges. There’s also 5 crypto coins available, including Bitcoin and Ripple, as well as 4 commodities: gold, silver, natural gas and crude oil. The company also offers HFDs, a synthetic asset that mirrors the performance of its provider – HighFive.

In addition, the broker acts as a hedge fund and asset management company, where traders can build portfolios and invest in over 2,000 liquid alpha strategies called DARWINS.

Trading Fees

For self-directed trading, live spreads are around 0.3 pips for EUR/USD and 0.7 points for FTSE 100. Gold was around 0.21 points and crude oil at 0.03 points. Overall, these prices are competitive when compared to the likes of Oanda and XTB.

The FX commission per 1 contract order is 2.5 currency units. Index commissions range from 0.275 to 2.75 currency units and all stocks are charged at 0.02 USD per contract. Swap rates are also charged on overnight positions.

For DARWIN investing, traders pay a 1.2% commission per annum on invested equity and a 20% performance fee if you make money with a DARWIN. Providers then earn 15% and Darwinex earns 5% of the performance fees.

Leverage

The maximum leverage available is 1:30 for major forex pairs. Minor pairs can be leveraged up to 1:20 and commodities up to 1:10. Margin requirements for each instrument are indicated in the product specifications on the website.

Mobile Apps

The Darwinex Investor proprietary mobile app allows users to replicate individual traders or diversify their investment into multiple strategies. These strategies can be listed in the form of DARWINS. Live performance is disclosed in real-time on the app, where traders can fully manage their portfolio whilst on the move.

mobile app
Darwinex mobile app

The platform comes in 4 languages and is available for download onto iOS and Android devices.

Self-directed traders can also access forex and CFD products on the not to dissimilar MetaTrader mobile apps. The apps include a suite of advanced features and capabilities which have been expertly adapted for use on any smartphone device. Traders can manage their trades, analyse charts and keep track of the markets all from the palm of their hand.

MetaTrader mobile
Darwinex MetaTrader mobile

The MetaTrader apps come in over 20 languages and can be installed from the App Store or Google Play.

Funding Methods

Deposits

Accounts can be funded in EUR, USD or GBP via bank transfer, bank cards and e-payment services such as Trustly and Skrill. The minimum deposit required (after the initial 500) is 100 currency units. Darwinex only charges commissions on Skrill deposits, at 0.5%. Card payments and Skrill are processed immediately, whilst Trustly can take up to 1 business day. Bank transfers can take up to 3 days.

Withdrawals

Darwinex does not charge their own fees but does pass on any applicable withdrawal costs to the trader. These include 1.2% on cards and Skrill (minimum 2 currency units) and 3.5 EUR or GBP on Trustly. The minimum withdrawal amount is 10 currency units. Bank transfer fees vary depending on the bank. All withdrawal methods take 1-3 business days to process.

Note, PayPal is not accepted.

Demo Account

You can open a practice account in the MT4 and Darwinex platforms without risking any real capital. Demo accounts are a great way for experienced traders to polish their trading strategies. Investor demo accounts are loaded with a $10,000 virtual investment and do not expire.

Darwinex Deals

Darwinex is regulated by the FCA, a top-tier financial regulator which employs rigid standards, including restrictions on trading bonuses and promotions.

With that said, the broker’s DarwinIA capital allocation for investing acts as a monthly contest, where the first 120 DARWINS in each month’s final ranking receive a capital allocation (from a total of 7.5 million Euros per month). You can find details of the DarwinIA on the website.

Regulation Review

Tradeslide Trading Tech Limited (Darwinex) is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, under license number 586466.

Darwinex is a member of the Financial Services Compensation Scheme, which covers investor money up to £85,000 per claim, in the event of insolvency. The company also provides free supplementary insurance which covers up to £500,000 for eligible clients.

In addition, the brokerage complies with other regulation requirements, including segregating client and investor money as well as providing negative balance protection.

Additional Features

Darwinex provides some education in the form of training and tutorial videos, which can be found within the proprietary platform. The dashboard also provides copy-trading research, which sorts and ranks thousands of strategies.

Darwinex market data
Darwinex market data

There’s also a blog section, Darwinex Ideas, containing Darwinex Lab and product updates, interviews from Hall of Fame investors and general market news. There’s also a community forum with guidance and discussions on trending topics, such as divergence.

Account Types

Darwinex offers the live trading account (for self-directed trading on MetaTrader) or the investor account (for copy-trade investors of DARWIN). Professional accounts are also available for eligible clients.

The minimum contract size is 0.01 lots, with tight interbank spreads from 0.0 pips and commissions starting at $1.5 per order. The margin call is 100%. Top traders also get discounted talent-linked pricing based on the broker’s proprietary algorithm, D-Score.

DARWIN investors can create their own portfolio of liquid alpha strategies, with a pool of over 2,000 to choose from. Traders get access to the proprietary dashboard with risk management tools using Darwin API technology.

Note that Darwinex does not offer any PAMM accounts or Islamic swap-free accounts.

Benefits

In this review, we found several good reasons to trade with Darwinex:

Drawbacks

When you take Darwinex vs Pepperstone, ICMarkets, eToro and ZuluTrade, we did find some drawbacks:

Trading Hours

The MetaTrader server is based on the New York time zone and runs from Sunday at 17:05 to Friday at 16:55 for forex. Most indices run from Sunday at 18:00 to Friday at 16:55 (NY time) and commodities from 18:00 on Sunday to 16:55 on Friday. Stocks are open from Monday at 09:31 to Friday at 15:59 (NY time).

Customer Support

Customer support can be reached via email, at info@darwinex.com or via their contact number, +44 20 3769 1554. The broker doesn’t currently offer a live chat service, which is a little surprising given the emphasis on technology and customer service.

The broker’s head office is located at Level 39, 1 Canada Square, Canary Wharf, London E14 5AB, United Kingdom.

Safety & Security

The MetaTrader platforms employ the highest standards of security to safeguard client data, including Secure Sockets Layer encryption as well as two-factor authentication (2FA). Darwinex servers are also X-connected to liquidity providers at the London Equinix LD4 Data Centre.

Darwinex Verdict

Darwinex is a good broker for traders with experience in social copy trading and FIX API. Top traders can benefit from discounted fees, whilst DARWIN investors can discover winning strategies on the Darwinex Exchange. However, some beginners may need to find alternatives if the minimum deposit of $500 is too high.

Accepted Countries

Darwinex accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Darwinex from , American Samoa, Samoa, Bahrain, Belarus, Benin, Bolivia, Bosnia And Herzegovina, Burkina Faso, Burundi, Cambodia, Cape Verde, Central African Republic, Congo, Cote D’Ivoire, Cuba, Congo DR, Egypt, Eritrea, Ethiopia, Grenada, Guam, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Japan, Kenya, Laos, Lebanon, Lesotho, Liberia, Libya, Macao, Macedonia, Mali, Maldives, Marshall Islands, Mongolia, Montenegro, Mozambique, Myanmar, Namibia, Nepal, Niger, Korea, Northern Mariana Islands, Pakistan, Palau, Palestine, Panama, Paraguay, Puerto Rico, Saint Lucia, Sao Tome And Principe, Sierra Leone, Somalia, Sudan, Sri Lanka, Syria, Tajikistan, Tanzania, Trinidad And Tobago, Tunisia, Uganda, Virgin Islands, U.S., United States, Vanuatu, Venezuela, Yemen, Zambia, Zimbabwe.

Compare Darwinex

Compare Darwinex with similar brokers that accept traders from your location. Among available brokers these are the most similar to Darwinex:

  1. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.
  2. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, energies, indices, and more. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  3. World Forex – World Forex offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
  4. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.

Darwinex Comparison Table

Compare Darwinex With Similar Brokers
Darwinex AAAFx InstaForex World Forex IG Group
Rating 3.9 4.1 4.4
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $500 $10 $/€1 $1 £250
Minimum Trade 0.01 lots 0.01 lots 0.01 Lots 0.01 Lots 0.1 lots
Regulators FCA HCMC (Greece), FSCA (South Africa) BVI FSC SVGFSA FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin
Bonus 100% Deposit Bonus available for Global clients 30% – 100% Welcome Bonus 100% Deposit Bonus
Education No No No No Yes
Platforms MT4, MT5 MT4, MT5 MT4, MT5 MT4, MT5 MT4
Leverage 1:30 1:30 EU, 1:500 Global 1:1000 1:1000 1:30
Payment Methods 5 9 11 10 6
Detailed Comparison Darwinex vs AAAFx Darwinex vs InstaForex Darwinex vs World Forex Darwinex vs IG Group
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Review Darwinex
Review
AAAFx
Review
InstaForex
Review
World Forex
Review
IG Group
Review

Compare Trading Instruments

Compare Darwinex Trading Instruments
Darwinex AAAFx InstaForex World Forex IG Group
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil No No Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No No No No Yes
Silver Yes No Yes Yes Yes
Corn No No No No No
Crypto Yes Yes Yes Yes Yes
Futures No No Yes No Yes
Options No No No No Yes
ETFs No No Yes No Yes
Bonds No No No No Yes
Warrants No No No No No
Spreadbetting No No No No Yes
Volatility Index No No No No Yes

Darwinex vs Other Brokers

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FAQ

What is the maximum leverage at Darwinex?

The max leverage available at Darwinex is 1:30 on major forex pairs. For minor pairs, you can leverage up to 1:20 and commodities can be leveraged up to 1:10.

What funding methods are available at Darwinex?

Funding is available via bank transfer, credit/debit cards and e-payment services such as Trustly and Skrill. PayPal deposits are not available.

Does Darwinex offer a no deposit bonus?

As per FCA regulations, Darwinex does not offer any no deposit bonus deals or other promotions.

How do I open an account at Darwinex? 

You can open a trader or investor account by clicking the Sign Up button at the top of the website. The broker will take you through some steps to set up your credentials, before asking you to confirm your identity.

How does Darwinex work?

You open an account by registering on the broker’s website. You then fund your account and download the platform before you can start trading on the range of assets and markets.

What is the difference between the MT4 demo and MT4 live Darwinex account? 

Prices, spreads and commissions are the same in the MT4 demo as in the MT4 live account. The main difference is slippage, which occurs in live accounts where trades are executed on the market. Slippage is therefore the difference between the price you expect and the price you get.

With multiple trading products and an advanced suite of analysis tools, Darwinex is an excellent online broker.