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Darwinex Review, Rating and Comparison

Darwinex Review: A FCA regulated discretionary portfolio manager

RATING: 3.5 / 3 REVIEWS ForexBrokerz Darwinex


Trading Accounts


Account type Minimum deposit Minimum trade size Maximum leverage Average Spread (& Commission)
Standard $500 0.01 1:200 0.2 pips + $5 / lot round trip


Clients of Darwinex are offered a single forex trading account type with leverage up to 1:200, tight variable spreads and small commission charges - 0.0025% of nominal value traded per lot per side.


As Darwinex is both a social trading platform and a broker, you can either open a trader (on the MT4) or an investor account (on Darwinex Investor Platform). Keep in mind that it is not possible to open an MT4 account directly from the MetaTrader 4. To open an MT4 account with Darwinex, you'd need to log in to the Darwinex Dashboard first.


What is more, Darwinex allows you to import your existing MT4 track-record as accrued on an MT4 live account held with other brokers.


The broker does not accept US residents as clients. It used to be an introducing broker of FXCM, but terminated its relationship with it after its US arm was delicensed. Darwinex said it intends to find another US partner for which to serve as an IB.


The Company. Security of Funds





Tradeslide Trading Tech LTD




Darwinex was set up in 2012 but started operations in 2014. It is both a 'pure agency' model broker and operator of an advanced fintech social investment platform, all regulated by the FCA. It offers online trading in more than 30 currency pairs, as well as CFDs on indices, commodities and cryptocurrencies. 


The company behind the Darwinex brand, Tradeslide Trading Tech LTD, is authorized and regulated by the Financial Conduct Authority (FCA).


All FCA-regulated companies are required to observe the stringent rules and procedures set by the UK financial watchdog: they must regularly report to FCA and hold net tangible assets amounting to at least €730 000 at all times in order to prove their financial stability. Furthermore, they are obliged to keep all client money separated from the company`s own funds into segregated accounts. Darwinex sais that all client money is held in client segregated accounts with Barclays (UK).


Besides, what is probably most important regarding the safety of funds invested in FCA-regulated companies is the coverage provided by Financial Services Compensation Scheme (FSCS). In the event of a shortfall, FSCS is able to cover your investment loss (or the funds held in your trading account) up to a maximum of £50,000.


Trading Conditions


Minimum Initial Deposit

In order to open an account with Darwinex , one has to invest at least $500, which is reasonable amount to start with, considering the advanced social trading options, offered by this broker.


Average spreads & Commissions

Darwinex offers some of the tightest spreads in the industry, amounting to an average of 0.2 pips on EUR/USD. Even if we add the applicable commission of $5 per standard lot round trip, average trading costs for this pair are 0.7 pips, which is a great offer.


By comparison, one of the pioneers of social trading, eToro, offers fixed spread of 3 pips on EUR/USD and charges no commission fees. For further information, you may look up real-time spreads of 15 leading brokers may be viewed here.



The maximum leverage rates at Darwinex are up to 1:200. Such leverage is considered standard, although a number of brokers offer leverage equal to or exceeding 1:500.


As most of you probably know, high leverage may multiply your profits on a small deposit, but it can also lead to heavy losses, exceeding initial investments.  That is why limitations on leverage rates are set in some jurisdictions, and most recently the FCA also proposed maximum leverage levels offered by brokerages to be set to 1:50.


Trading Platform


Darwinex provides MetaTrader 4 desktop terminal, MT4 iOS and MT4 Android, the newer itteration MetaTrader 5, as well as a FIX API trading offer for a fee of 500 USD per month.


Alongside its MT4 platform for traders Darwinex will offer an investor platform. In essence this is a signal copying software but the signal provided are not the usual ones. The signals will be provided by the wise owl after it has evaluated them.


Unlike other signal providers, Darwinex will not disclose trades, profits, etc. The company will offer a signal assessment, the so-called DARWIN (Dynamic and Risk Weighted Investments) which represents a sophisticated analysis to a trader's performance. If you like its risk management, profitability, scalability, etc. you can buy the Darwin as you buy a stock. You can sell Darwins too. But most importantly one can copy the trades of a Darwin.


Interestingly, copying a signal with Darwinex allow us to set the level of the risk. Thus, one can follow a high risk/high reward strategy without exposing himself to too much risk.


Furthermore, DARWIN Providers do not manage investors’ capital themselves - they contribute their intellectual property to Darwinex in exchange for a 20% performance fee on profits generated for investors.


In August 2016, the broker introduced a backtest functionality for the Darwinex Score & Investable Attributes. Users can upload their MetaTrader 4 (MT4) backtest in two formats – .HTML or .cvsand use algosto calculate their  account statistics.


In addition, Darwinex has partnered with leading VPS provider BeeksFX to provide algorithmic traders with ultra-low latency solutions.



Rebates on commission are offered if you trade with Darvinex. The more you trade, the more cash-back you get



Methods of Payment


Darwinex supports a small range of payment methods: bank wire transactions, credit/debit cards and online payments through Netteller and China UnionPay.


Withdrawals are charged $2 as a minimum, except bank wire, which is free. Processing time of withdrawals is up to 3 business days.




Darwinex is a premium boutique broker characterized by strong regulation, tight spreads, low commission, fast execution and careful customer support.


Pros Cons 
Broker with strong regulation and innovative approach Limited payment methods
Competitive spreads  
Advanced social trading investment terminal available  
Pure NDD/STP/DMA execution  


Latest news about Darwinex
Broker Country Regulation Platform Min Deposit Review
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

Traders` reviews for Darwinex
















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Bad Execution

The execution is bad with 2ms VPS also more than 24 withdraw hours inside UK, the withdraw request has been Processed at 00.26. they had a full working day and no money received. The customer service commented on the execution with journal picture explain the slippage which is doesn't make any sense.

Tamer Mohamed 01/19/2018

Sarwinex has just upped their monthly investment in traders

Just received notification from Darwinex that they have now upped their investment in its best traders to €1Million per month. That breaks down to €100K for 1st place, down to €15K for 32nd place. You can see the full details of prize allocations here

Martyn Tinsley 06/01/2016

Want the most comprehensive review of Darwinex available?

Anyone interested is Darwinex should definitely read this review It is probably the most comprehensive review of Darwinex available on the web today. It cover spreads in great detail, and all of the value-add points to this broker. It also provides general information to help guide you through the process of selecting a broker so that you don't make mistakes that you live to regret.

Martyn Tinsley 08/15/2015
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