➢ Platform (MT4): Easy to use and can be installed on Mobiles ➢ Pricing: Execution fees are OK and spreads are occasionally bad ➢ Customer Services: Support is very good. Funds Deposit/Withdrawal process is very good ➢ Features such as Currency variety, API, Traders Education Services: OK
Other Issues: > FCA regulated in the UK > Allow trading of micro lots > Segregated clients accounts as mentioned on the website > Broker Model is not clear if it is true ECN or STP > The website is not user friendly for me and I have not noticed any link to download the MT4 > My Overall view: I was disappointed by Darwinex when I had a slippage of 3.81 USD per Ounce of Gold contract and their final response that they can’t do anything about it
I have been trading with Darwinex for almost a year and I am very satisfied with them. FCA regulated, top-notch customer service, competitive spreads plus an excellent solution for retail traders to leverage their strategy by legally managing investor´s money. I have recently read in their blog that they are even allocating their own capital to the best traders on a monthly basis. Furthermore they are always introducing new features and tools which is making Darwinex more and more appealing by the day.
Those guys are awesome. Basically they offer same trading conditions as LMAX, with spreads being a little bit higher (2/3 points only). But they offer an amazing client support. And best of all, they are helping good traders to scale up their strategies! Darwinex will be a breakthrough in retail trading market.
I have been trading with them for four months, and it has been a great experience overall. Other brokers will want to ruin you, but these guys want you to succeed. They are the nicest people I have come across in the industry. But that aside, their business model is geared towards your success: They need you to do well for them to do well, and viceversa. That is in full contrast with the prevailing model in the industry, where brokers live out of your trading losses. No unsolicited calls from 'sales traders' here!
Getting into the specifics: * Innovative platform: one account, infinite MT4 usernames. Very easy to set up and manage. * Excellent and efficient cash management * Transparent and reasonable costs: spreads are tight (but variable) and commissions are fixed/low. * Decent choice of markets, particularly since they introduced equity indices and commodities. Core offering, no exotic markets. * Extremely responsive and knowledgeable customer service. * Proprietary analytics that will help you become a better trader - lots of videos/tutorials, although deeper documentation needed. * Fully regulated (broker/asset manager) by the FCA. * Best traders get allocated capital on a monthly basis * All styles of trading accepted. Both discretionary and automated traders welcome.
Clearly the best broker I have been using in a long time. I have been trading for more than 8 years using brokers as FXCM, IG, FX Pro, Vantage FX, Axi Trader, CMC Markets and now Darwinex, and by far, this is the best one I have tried.
Not only they have an excellent execution but an even better client service support.
I have written some articles in my webpage about Darwinex. I hope you will find them interesting (they are in spanish, but with google translator I hope you can read them in a friendly way)
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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Past performance is not indicative of future results.