Darwinex Review 2023

/ 5
Darwinex is #115 in our CFD broker rankings.

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


Demo Account

MetaTrader 4

Trade Signals
MT4, MT5
Forex, CFDs, indices, shares, commodities, cryptocurrencies
Wire Transfer, Credit Card, Skrill, Trustly, Visa

Forex Trading

Darwinex offers 1:30 leverage on forex pairs.

Stocks Trading

Trade on 10 popular indices, including the FTSE and NASDAQ, as well as hundreds of US stocks.

CFD Trading

Start trading across the markets with CFDs.

Crypto Trading

Trade 5 top crypto coins against the US Dollar.

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


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.


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


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.


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


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.


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.


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


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.

Payment Methods

Darwinex Details

Minimum Trade 0.01 lots
Regulated By FCA
Account Types
  • DMA
Islamic Account No
Mobile Apps Yes
Margin Trading No
Volatility Index No
Spot Trading No
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Yes (EAs)
Social Trading Yes
Trade Signals Yes
Guaranteed Stop Loss No
  • Gold
  • Natural Gas
  • Silver

CFD Trading Details

FTSE Spread 0.7
GBPUSD Spread 0.7
Oil Spread 0.03
Stocks Spread Variable
Leverage 1:30

Forex Trading Details

GBPUSD Spread 0.7
EURUSD Spread 0.3
EURGBP Spread 0.5
Assets 40+

Cryptocurrency Trading Details

Crypto Spread Floating
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • BTC
  • BTH
  • ETH
  • LTC
  • XRP

Compare Darwinex

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

  1. OANDA – OANDA offers 70 forex pairs with two competitive pricing models and a substantial welcome deposit bonus
    Go to OANDA
  2. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.
    Go to Forex.com
  3. Webull – Webull offers a popular online stock trading app with low fees and generous bonuses.
    Go to Webull

Darwinex Comparison Table

Compare Darwinex With Similar Brokers
Darwinex OANDA Forex.com Webull
Rating 2.5 4.5 4.5 4.4
Markets Forex, CFDs, indices, shares, commodities, cryptocurrencies Forex Forex, CFDs, Stocks, Indices, Commodities, Cryptos, Futures, Options Stocks, ETFs, options, cryptos, forex, ADRs, fractional shares, OTCs
Demo Account Yes Yes Yes Yes
Minimum Deposit $500 $0 $100 $0
Minimum Trade 0.01 lots $0 $1 $5
Bonus $5,000 welcome bonus with a deposit of $500 No Six free stocks
Education No Yes Yes Yes
Platforms MT4, MT5 MT4, TradingView, AutoChartist MT4, MT5, TradingView, AutoChartist, TradingCentral
Leverage 1:30 1:30 EU, 1:200 Global 1:200
Payment Methods 5 12 8 3
Visit Visit Visit Visit
Review Darwinex

Compare Trading Instruments

Compare the markets and instruments offered by Darwinex and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare Darwinex Trading Instruments
Darwinex OANDA Forex.com Webull
CFD Yes No Yes No
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes No
Oil No No Yes No
Gold Yes Yes Yes No
Copper No Yes No No
Silver Yes Yes Yes No
Corn No Yes No No
Crypto Yes Yes Yes Yes
Futures No No Yes No
Options No No Yes Yes
ETFs No No No Yes
Bonds No Yes No No
Warrants No No No No
Spreadbetting No No No No
Volatility Index No No No No

Darwinex vs Other Brokers

Compare Darwinex with any other broker by selecting the other broker below.

Darwinex vs


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.