No Bonuses or Promotions
Darwinex entered the market in 2012. Its headquarters is situated in London, also they have a development office based in Spain. They received the authorization to perform actions in 2013 from the Financial Conduct Authority, which is United Kingdom’s leading regulatory body. They are also authorized to provide their services in the European Union. Darwinex provides brokerage services as well as the possibility to copy the transactions of professional traders.
Deposits and Withdrawals
The minimum amount to start the account with Darwinex is 500 EUR. There is no minimum requirement to apply for withdrawal. You can deposit into your account via Wire bank transfer, Visa or Mastercard up to 5000 EUR per account holder or via UnionPay. In order to withdraw your funds, you will be asked to provide a Bank statement with your account details specified on the blank. It is needed to verify that you are the owner of the bank account. Verification of this document does not take more than 1 working day. Darwinex does not take any commissions from your withdrawals. However, keep in mind that your bank may charge some commission from your transactions.
Darwinex offers its uniquely-designed platform which is user-friendly, attractive and easy-to-use. Platform can be fully customized to look exactly how you want it to look. Risk-management setting are also available, such as Stop loss and Take profit orders. It also offers downloadable application which has all the features needed to execute trades successfully, such as monitoring your open positions, charts and visuals, historical data etc. It also offers widely-used MetaTrader 4 to its more conservative customers. The unique feature which this company offers is called “Darwin”. In essence, you can invest in a trading strategy and use it to make profits. The idea is quite similar to social trading. However, each “Darwin” has its price depending on how good this strategy is. You can buy and sell “Darwins” like you do with stocks and shares. The investors which decide to replicate successful strategies will actually do so by purchasing the Darwin connected to it.
40 currency pairs are available for trading, including major ones, minor and exotic pairs. However, the distinctive minus is that Darwinex does not offer trading with cryptocurrencies. Metals, stocks, and indices are also available. The company offers very compatible spreads. Minimum spread for EUR/USD pair is 0.2 pips. It is extremely tempting proposal, as the average spread on the market is 0.82 pips.
All in all, taking into consideration that it is FCA regulated broker and their unique “Darwin” idea which is the next step in the evolution of social trading strategies, we can say that Darwinex definitely deserves your attention, if you wish to build your own investor portfolio.
Broker Darwinex Website URL https://www.darwinex.com/ firstname.lastname@example.org Founded 2014 Headquarters United Kingdom Support Number +44 20 3769 1554 Trading Platform MetaTrader 4 Minimum 1st Deposit $1000 Minimum Trade Amount 0.01 Maximum Trade Amount 2500.0 Bonus No Bonuses or Promotions Leverage 200 Spread Variable Free Demo Account Regulation FCA Commission Info 0.5 Number of Assets 400+ US Traders Allowed Swap Accounts No Segregated Accounts Yes Interest on Margin No PAMM No Platformtimezone (GMT) Western Europe Time, London, Lisbon, Casablanca Web Trading No API Yes OCO No *** Hedging Yes Trailing Stops Yes Contests Yes Other Instruments Indices, Commodities, CFDs Decimals 5 decimals Overall Score 2.2