Darwinex Review

Minimum Deposit: $500 VISIT BROKER
70% of retail investor accounts lose money when trading CFDs with this provider.

Darwinex Review

Summary

Darwinex is a fintech technology provider and online financial trading, and social trading broker. The broker was founded in 2012 and has its headquarters in London, UK. Tradeslide Trading Tech Limited, the parent company of Darwinex, is regulated by the top-tier FCA in the UK. The broker provides its services in more than 80 countries and has the UK’s most lucrative investment hedge fund. Darwinex has a lot of options in terms of investing platforms and has a vast product portfolio covering the most popular asset classes.  The company has transparent trading and transaction costs and a good educational environment for the ease of new traders.

Let’s dive into the details of each important aspect that help traders to assess whether to open an account with Darwinex or not.

8Expert Score
Darwinex Rating

Cost-effective market access via multiple platforms. The fastest way for talented traders to attract investor capital.

Investment Products
8
Commissions and Fees
8
Platforms and Tools
9
Research and Education
7
Deposit and Withdrawal
8

Darwinex Review

Pros and Cons

Darwinex has great trading platforms for every type of trader. Various payment methods, low trading costs, and strict regulations make Darwinex an industry leading broker. The broker offers many account types meeting the needs of almost all types of traders. Direct market access (DMA), FIX API for investors, and social trading make Darwinex a good option.

On the other hand, Darwinex isn’t registered with any other regulatory body except FCA and does not accept clients from the US. Educational and research resources are limited, whilst the minimum deposit requirement is higher than its competitors. In addition, Darwinex does not offer Islamic accounts.

Here are the key takeaways in terms of the advantages and disadvantages of trading with the broker.

Positives
  • Advanced trading platforms
  • Numerous payment methods
  • Low trading costs
  • Regulation by FCA
  • Segregated bank accounts
  • Social trading
  • DARWINs
  • Direct market access (DMA)
  • FIX API
  • Free tick data
  • MetaTrader 4 and MetaTrader 5
  • Plugins & trading signals
  • MT4 Python
  • Scalping and hedging allowed
  • Algo trading
  • No inactivity fees
  • Demo accounts
Negatives
  • US clients not accepted
  • Limited educational resources
  • $500 Minimum deposit
  • No Islamic accounts
  • Limited base currencies
  • Deposit and withdrawal fees
  • Only US stocks

Darwinex Review

Investment Products

Darwinex provides a diverse selection of trading instruments to retail and institutional traders across asset classes, including Forex, Commodities, Stocks, Shares, Indices, Metals, Energies, and CFDs. The broker discontinued offering cryptocurrencies in 2021. In addition, the broker does not offer options and bonds.

Darwinex Instruments Summary

InstrumentsDarwinex
Forex
Stocks
Indices
Commodities
Cryptosx
Optionsx
Bondsx
ETFs
CFDs
Darwinex Instruments

Darwinex Review

Commission and Fees

Commission and Spread Fees

Darwinex has two main account types, each for retail traders and professional traders. So different spreads and commissions policies apply to each account type. However, in general, Darwinex offers trading at very tight spreads starting from 0.0 and a low commission fee starting from $3 per standard lot per round.

FeeAccount TypeProfessional Account
Commission (per standard lot per side)$0$1.5
Spreads from0.60.0
Darwinex Fees

Deposit and Withdrawal Fees

Darwinex charges deposit and withdrawal fees for some payment methods. The broker’s bank charges bank wire transfers for deposits below $2000. And deposits made via Skrill also incur charges of 0.05% of the amount.

On the other hand, all withdrawal methods require some payable charges whether that be from the broker or third party processor.

Inactivity Fees

Darwinex does not charge an inactivity fee from its dormant accounts.

Darwinex Review

Platforms and Tools

Darwinex provides its trading services on a variety of platforms. MT4 and MT5 platforms are popular and are accessible on desktop (Windows and Mac), online, and mobile (iOS and Android). Forex, indices, and commodities may be traded on both platforms, but shares are only available on MT5. Darwinex understands that some traders want more than these platforms’ capabilities and hence provide the following auxiliary libraries to supplement the MetaTrader / FIX API stack:

  • Pricing and Trading Modules for FIX v4.4 (in Python)
  • Python-to-MetaTrader Bridge with ZeroMQ (in Python)
  • MetaTrader Server EA with ZeroMQ support (in MQL)
  • FIX API

Zorro trading platform users may also connect to and trade at Darwinex using Zorro’s MT4 and MT5 Bridge solutions.

Darwinex Investing Platforms
Darwinex Investing Platforms

MetaTrader 4 (MT4)

MT4 is the most used trading platform all over the world. It is available in various languages and is well-known for its user-friendly design, making it a popular choice for rookie and experienced traders. MT4 is extremely customisable and has many features such as technical indicators for chart analysis, numerous time frames, multiple order types, trading templates, real-time price quotes, alert alerts, and automated trading. Users may utilise the built-in MetaEditor to create their own custom indicators and expert advisors (EAs) in the MQL programming language. A strategy tester is available for testing systems over historical data, and there is a big online community where other MetaTrader users discuss indicators, EAs, and ideas.

Darwinex MT4 Platform
Darwinex MT4 Platform

MetaTrader 5 (MT5)

MT5 contains nearly all of the same fantastic features that you will find in MT4. A few minor improvements here will allow you to trade in more markets, with more indicators and a total of 6 additional pending orders, as well as an improved market depth information level that now comprises 21 distinct timeframes. The greatest part is that you will not lose any of the top-tier functionality or trading capacity you have access to in MT4. It has only progressed in a few regions. Again, this trading platform is available via all mediums as a Webtrader and on mobile, with Android and iOS compatibility.

Darwinex MT5 Platform
Darwinex MT5 Platform

FIX API

The Financial Information exchange (FIX) protocol was created in 1992 and is an open communications standard that is not controlled by any individual or organisation and maybe built to match the needs of each business that uses it. The FIX API protocol offers a foundation for straight-through processing (STP) and connections between a diverse set of parties. It is vendor-neutral, with flexible and standardised inter-party exchange transactions. Standardised data fields serve as the foundation of all FIX messages, allowing information to flow from beginning to finish a transaction.

ZeroMQ

ZeroMQ is an Open Source Concurrency Framework that allows you to create an expandable, high-performance bridge between programming languages and MetaQuotes trading platform. ZeroMQ allows programmers to link multiple programmes in various ways while removing a user’s reliance on MetaTrader-supported technologies. Strategies and indicators may be created in C/C#/C++, Python, R, Java, and other languages and then pushed to the market using MetaTrader.

Zorro Trading Platform

Zorro is a free software application for financial research, machine learning, and the creation of algorithmic trading strategies. With a simple interface and a robust collection of features and capabilities, it is capable of backtesting and live trading. Traders can use the Lite-C programming language to build, backtest, and trade their strategies. Zorro includes a bridge plugin for MT4 and MT5 that allows traders to use MetaTrader directly from their Zorro trading strategies.

DARWIN

A DARWIN combines a trader-managed trading strategy with Darwinex’s autonomous risk management engine. You may start your own account to invest in Darwin. Only profitable DARWINs are subject to a 20% performance fee. The trader’s incentive is to perform well continually. The website shows the performance of DARWINs alongside the methods of individual traders from over 80 nations. Several short and long-term trading techniques are available, using underlying instruments from various markets such as currencies, equities, commodities, and indices. It is important to note that there are no guarantees with how well DARWINs will provide. You should be wary of all risks involved with trading and investing online.

Darwinex DARWINs
Darwinex DARWINs

Darwinex Platforms Summary

PlatformDarwinex
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTraderx
Proprietaryx
Desktop
Web
Mobile
Social Trading
Other
Darwinex Platforms

Darwinex Review

Research and Education

Blog

Darwinex provides the Darwinex blog, which was established to share its expertise with traders to enhance their trading education and abilities. The Darwinex Investors Programme is designed to educate and teach new investors who are beginning to manage passive investments in DARWINs. The programme includes applications for iOS and Android devices, as well as multimedia and interactive instructional content. There are practical situations to learn how to apply what you’ve learned, as well as a self-evaluation activity. A rewards system based on goal achievement and student support services is also available.

Videos

A video section addresses trading topics such as money management, strategy building, and general information about trading.

Darwin Docs

The Darwinex website provides a comprehensive Darwin Docs section that answers accounts, platforms, and trading-related questions. Clients can share trading ideas and information on an active online community forum.

Research

Darwinex, however, does not have a research section. This is a significant disadvantage for all traders at all levels, who might always profit from a thorough research section. The broker’s only instrument in this respect is access to a comprehensive economic calendar. This will keep you up to speed on the day’s major economic events and allow you to analyse how they affect the market.

On the downside, Darwinex lacks popular analytical tools such as AutoChartist, Trade Central, and trading calculators. In addition, the broker does not hold any webinars or podcasts.

Darwinex Research and Education Summary

ResourcesDarwinex
Market Analysisx
Guides
Videos
Webinarsx
Autochartistx
Trading Centralx
Economic Calendarx
Otherx
Darwinex Resources

Darwinex Review

Deposit and Withdrawal

Darwinex offers only 3 base currencies. Darwinex offers all popular payment options for deposits and withdrawals. You can make a transaction via wire transfer, debit/credit card, and electronic wallets. However, the broker charges a fee for many transaction methods. Cryptocurrency transactions, just like cryptocurrency trading, are not offered or accepted.

Darwinex Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Wallets
Cryptosxx
Darwinex Funding Options

Darwinex Review

Regulation and Safety

Darwinex is a subsidiary company of Tradeslide Trading Tech Limited, registered and authorised by the Financial Conduct Authority (FCA) in the UK. Darwinex strives to be as transparent as possible with its clients, workers, and the law. Regulation and insurance are in place to assist secure clients’ cash and information while providing the peace of mind that they are working with a reputable broker.

Darwinex Regulation Summary

RegulatorDarwinex
ASIC (Australia)x
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
FCA (UK)
CFTC (USA)x
Otherx
Darwinex Regulators

Darwinex Safety

Darwinex is not listed on any stock exchange and doesn’t hold a banking licence. Darwinex clients are entitled to free additional insurance via the Financial Services Compensation Scheme (FSCS). Darwinex claims that customer monies are held in separate accounts with Barclays (UK). Finances in a segregated account are kept separate from business funds, which can assure in the case of insolvency.

Darwinex Review

Client Support

Darwinex offers customer support via live chat, phone, and email 24/7.

Darwinex Review

Conclusion

Darwinex can be a good broker for traders who are familiar with social copy trading and the FIX API. Professional traders may take advantage of reduced costs, while DARWIN investors can find the best strategies on the Darwinex Exchange. However, the $500 minimum deposit may be too much for certain newcomers or retail traders who have relatively low investments. There are free demo accounts available if you wish to give trial the brokers products and services without the risk.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

Darwinex Review

FAQs

When was Darwinex founded?

Darwinex was founded in 2012.

Where is Darwinex located?

Darwinex is located in London, UK.

Is Darwinex regulated?

The FCA regulates Darwinex in the UK.

What trading instruments does Darwinex offer?

Darwinex offers various asset classes such as forex, CFDs, commodities, stocks, indices and

What is Darwinex’s minimum deposit?

Darwinex requires a minimum deposit of $500.

What investing platforms does Darwinex offer?

Darwinex offers MT4 and MT5 with FIX API and ZeroMQ.

What is Darwinex’s commission fee?

Darwinex charges a variable commission fee of different assets starting from $3.

Does Darwinex charge an inactivity fee?

Darwinex does not charge an inactivity fee.

What are Darwinex’s spreads?

Darwinex offers tight spreads starting from 0.0 pips.

What funding options does Darwinex offer?

Darwinex offers wire transfers, debit/credit cards, and electronic wallets as funding options.

Does Darwinex offer any rebates?

Darwinex offers rebates, the eligibility for which is determined by whether you are a Retail or Professional client.

Does Darwinex offer demo trading?

Yes, Darwinex offers demo trading.

Does Darwinex offer Islamic accounts?

No, Darwinex does not offer Islamic accounts.

How do I contact Darwinex customer support?

Darwinex’s customer support can be reached 24/7 via live chat, phone, and email.
Darwinex Review
Darwinex Review
Minimum Deposit: $500
Richard Montana

Richard Montana

Richard has spent many years researching, testing, comparing and reviewing brokers. He has an extensive knowledge when it comes to understanding what to look for in a broker for trading and investing online.

InvestingBrokers.com
Logo