Darwinex was founded in 2012 as Tradeslide Trading Tech. By 2013 April, the company launched a unique trading strategy for diagnostic algorithms. By May 2014, Tradeslide Trading Tech became regulated by the Financial Conduct Authority (FCA) under the name of Darwinex. Later in 2014, the DarwinIA trading challenge launched and several months later an investor platform made its way to market in 2015. Darwinex Reloaded debuted in April 2017, and by August 2017 the total trader performance fees exceeded $500,000.
At the same time, Darwin reached $1 million AUM. Fast-forward to November 2017, the first Darwin reached $3 million AUM, with a temporary closure on new investment. This CFD trading brokerage is fully authorized by the Financial Conduct Authority (FCA) to offer real money Forex trading services in a CFD format, with FRN 586466. The company (#08061368) is based in London, UK.
Darwinex features an Individual Live Account and a Corporate Live Account. For individual or joint accounts, Darwinex requires a valid copy of your passport, driver’s license, or ID. Additionally, clients must provide evidence of residence such as utility bills or bank statements which are less than 3 months old. UK residents must provide details of their UK National Insurance Number. If you choose to open a Corporate Live Account, your Legal Entity Identifier (LEI) must be provided, in addition to Company Articles of Association, Register of Shareholders, and Register of Directors, etc.
The process of opening a live account is easy to accomplish. The 3-step process requires you to enter your title, first name, middle name, last name, date of birth, telephone number, and address. Clients will be required to upload specific documents (for example account holders’ information). To open a live account, traders must log into Darwinex and then select Live Accounts. Next, click Open Live Account to get started. The live accounts will then be open from the MetaTrader 4 terminals.
Trading Platform/ software
Darwinex utilizes the most sophisticated Forex trading platform and software on the market – MetaTrader 4. The installation of MT4 on your system (Linux, Mac, or Windows) is 100% free. This software platform can easily be installed on smartphones, tablets, PC, and Mac devices. To get started with the platform, clients must download the installer and then launch the setup file. Darwinex also utilizes MetaTrader 5 for iOS and Android devices. And for a once off fee of $500, clients can also enjoy Fix API trading offers.
Futures will be readily available to clients with the CQG.com platform which is fully compatible with several front-end systems such as Ninjatrader, Tradingview, and MultiCharts. Once you have set up a Darwinex trading account, you can download MetaTrader 4 for Windows, MetaTrader 5 for Windows, MetaTrader 5 for Android, and MetaTrader 5 for iOS systems.
After you open an account, the minimum deposit amount for individual or joint accounts is €500/£500/$500. If you open a corporate Darwinex account, the minimum deposit is €10,000/£10,000/$10,000. After the initial qualifying deposit, there is no minimum applicable to success of deposits at Darwinex. Likewise, there are no minimum withdrawal amounts that you’re required to make. Once you’re ready to deposit funds into your wallet, you have several options available, such as 3-D Secure Visa or MasterCard up to €5000/£5000/$5000 per registered account holder. Another option which is fully supported by Darwinex is Trustly.
Darwinex offers multiple financial instruments to traders, notably Forex majors, minors, and exotic pairs. Indices are equally popular. A unique offering at Darwinex is a DARWIN. This financial instrument is listed on the exchange and it is geared towards investors and independent traders. You can buy/sell these DARWINs as you would with any stocks. This acronym refers to Dynamic Asset and Risk-Weighted Investment, and it is valued according to the trading strategy that underpins it. You cannot follow the real-time price movements of the DARWIN; however, you will be able to see your profit and loss in real time. DARWINs cover a range of assets including EUR/USD, GBP/USD, GBP/CAD, USD/CAD, USD/ZAR, etc.
Darwinex offers investors and traders ‘diversification rebates’. These are components of the execution commissions that investors pay in DARWINs (listed above) which are repaid to investors at the end of the market day. Execution commissions differ from performance fees which are success fees for profits that are generated. These execution commissions are already built into your profit/loss with each DARWIN that you have.
Darwinex provides a comprehensive customer support section through the Help Center. You simply type in your query, and members of the Darwinex community typically have detailed answers for a host of questions. You can also contact the 40-strong team at Darwinex on Facebook, Twitter, LinkedIn, YouTube, or via the Darwinex blog. They are highly responsive to trader queries, questions, and feedback.
Your safety and security is assured thanks to stringent regulation, licensing, and segregated accounts. Segregated accounts ensure that investor money is separated from the company’s money. There is no co-mingling of assets, and this ensures that any liens, judgments or insolvency of Tradeslide Trading Tech will not affect your deposits or money with this broker. In the event of insolvency, you are protected by the Financial Services Compensation Scheme (FSCS) up to £50,000. This insurance protection is per person and per broker. There is protection of £85,000 per person if the bank becomes insolvent. Additionally, full FCA licensing and regulation is in place to ensure fairness, transparency, and compliance with UK standards.
Ease of Use
Darwinex is not your run-of-the-mill Forex trading platform. It requires understanding and learning to fine-tune your trading strategies using this FX broker. The concept of a DARWIN must be understood before you trade on MetaTrader 4 or MetaTrader 5 on your PC, Mac, Linux, iOS or Android device.
Darwinex is a refreshing Forex trading platform with a host of financial instruments available in derivatives trading instruments. This CFD broker is highly regarded in the UK and caters to a specialized breed of individual/joint investor, and corporate investor. The trading platform is sophisticated enough to accommodate newbies and veterans of the trading world.