It is a young company that has been operating since 2014. Darwinex provides clients with access to online trading. The main office is located in London. The firm operates under the supervision of the FCA.
Most of the company's employees are programmers, which is why the company is so focused on new and innovative products that make trading easier.
Security of funds
The broker is operated by Tradeslide Trading Tech LTD, which is regulated by the FCA.
All companies controlled by the FCA must comply with strict rules and procedures established by the UK Comptroller: they must regularly report to the FCA and hold at least € 730,000 in an account to prove their financial stability. In addition, they are required to keep all client money separate from the company's own funds in separate accounts. Darwinex keeps clients' money in segregated accounts at Barclays (UK).
In addition, FCA regulated companies are members of the FSCS program. It guarantees compensation to traders of up to £ 50,000 if the broker becomes insolvent.
Darwinex use a special encryption code for the website. This technology allows you to make money transfers secure. Company policy does not allow employees to share personal information about customers.
To open an account with Darwinex, you need to invest at least $ 500.
34 currency pairs (exotic and major) are available to clients. Tight spreads for the EUR / USD pair average 0.3 pips. Darwinex offers nine indices like STOXX50E, NDX and UK100. Spreads start at 0.5 and go up to 6 pips. There are also goods in the company's investment portfolio. Spreads for them start at 0.005 pips and can go up to 1.2 pips.
The maximum leverage is up to 1: 200. This value is considered standard, although a number of brokers offer leverage equal to or greater than 1: 500.
Trading is carried out on the MetaTrader 4 terminal. You can trade with it directly from the browser window, mobile devices or by installing the software on your computer.
Darwinex provides a MetaTrader 4 desktop terminal, MT4 iOS and MT4 Android, and a FIX API trading offer for a $ 500 / month fee.
Along with the MT4 platform for traders, Darwinex offers signal copying software. The list of signals is prepared by a special commission that analyzes the trader's work.
Interestingly, copying a signal with Darwinex allows you to set the level of risk. This way, you can choose strategies without putting yourself at too much risk.
In addition, Darwinex provides VPS hosting.
The site is available in three languages: English, Spanish and Chinese. The support service also advises in Bulgarian, German and Russian. You can ask for help by email, phone, live chat, Skype or request a callback.
Ways of payment
A trading account can be opened in GBP, USD and EUR. You can deposit funds using bank transfers, credit cards, electronic systems Neteller, China UnionPay.
competitive spreads; NDD / STP / DMA; expanded access to investments in social networks.
limited payment methods.
DARWINEX is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.
In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.
The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.
The broker DARWINEX makes profit from traders' transactions, as a rule, in two main ways.
The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.
The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.
Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.
We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.
The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.
Bonuses are traps. They are generously distributed for anything: for registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money, mixed with bonus money, it will be necessary to fulfill a number of virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.
In the User Agreement, a clause can also be disguised that allows the broker to manage the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points is the place of registration and regulation of the company's activities.
Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.
However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.
But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point - this is the regulation of the broker's activities. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization, considering disputes between its members - brokers and their clients.
If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.
It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.
Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.
Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.
Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over the world.
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Brokers who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the broker. DARWINEX received a score of 1 of 5 on our resource.