Darwinex Review

MIN. DEPOSIT 500 CCY
Up to 200:1
No BONUS
0 Users (0 votes)
Odds0
Services0
Support0

Overview

Company information This is a young company which the founders started in 2012. Its central philosophy is built around the idea of online trading and internet technologies. The idea of… more

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Details

BrokerDarwinex
Website URLhttps://www.darwinex.com/
Founded2012
HeadquartersLondon, United Kingdom
Support Number+442071931232
Support Emailinfo@darwinex.com
Support TypesPhone, E-mail, Social Media, Skype
LanguagesEnglish, Spanish, Chinese, French
Minimum 1st Deposit500 CCY
Minimum Trade Amount0,01 lots
BonusNo
PayoutUp to 200:1
Free Demo AccountYes
Regulated Yes
RegulationFinancial Conduct Authority (FCA)
Account TypesIndividual / Joint, Corporate
Deposit MethodsBank Transfer, Skrill, Neteller, UnionPay
Withdrawal MethodsBank Transfer, Skrill, Neteller, UnionPay
Types of AssetsForex, CFDs
Account CurrencyEUR, GBP, USD
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company information

This is a young company which the founders started in 2012. Its central philosophy is built around the idea of online trading and internet technologies. The idea of fast and precise trading which is easy to reach for everyone. That way to make buying easy to reach and affordable, financial trading for the masses is what drives the company forward. The whole concept looks a lot like a technology startup, and it is. Most of the employees of the company are software engineers which explains why the company is so focused on new and innovative solutions which should make the trading much simpler. The official start of the company is in 2015 in London. This is also where the primary address of the business is. Because of that fact, the official London officials are regulating the business according to the laws in the UK. One of these formal organizations is the Financial Conduct Authority. The company which operates with the brand Darwinex is with a name Tradeslide trading Tech Limited.

Thank the modern approach, the company is growing, and the number of clients is more with each next year.

 

Trading information

Like many other companies, Darwinex markets with different instruments to offer their customers a wide range of options and alternatives.

Forex

There are 34 currency pairs which the company offers. They include the major and the less popular one. The spreads are very low. They go as low as 0.38 pips for the EUR/USD pair. The margin is usually about 50%, and the minimum size is 0.01. Each contract should be for no less than 100 000 USD or 100 000 in other currency. The value of one pip is usually ten, but there are certain exceptions like the EUR where one pip costs 1000 JPY. This is also the price for 100000 AUD. Each client can see a long or short swap for one contract. The commission for one contract is also 5 of each currency with no exceptions.

 

Indices

The company offers nine indices like STOXX50E and NDX and UK100. The spreads start at 0.5 and go up to 6 points. The margins are usually between 1 and 2 %. The minimum size of each contract is 0.1 or 1. The commissions are from 0.7 USD for WS30 to 5.5 EUR for GDAXI.

 

Commodities

The company offers six different products in their portfolio. These are XAGUSD, XTIUSD, XNGUSD, XPDUSD, XPTUSD, XAUUSD. The spreads for these start at 0.005 points and can reach as high as 1.2 points. The margins are between 0.5% and 4%. The commissions for one contract are 0.005% of the trade value.

 

Trading platforms

Being a company with a focus on the traders and making everything possible to make the operators feel as comfortable as possible, companies like Darwinex try to engage dealers from all over the world. The only way for this to happen is by allowing them to trade on the most usable and user-friendly platform in the world – MetaTrader 4. It allows mobile trading and browser trading; it is universal and almost any trader in the world can find the information he/she needs, make a decision and implement it in his/her strategy easy and fast. However, there are rules which prevent from too many people to register and have accounts without using them. The 30 days limit of inactivity allows the broker to delete these accounts.

 

Security and customer service

Each big trading company pays close attention to security. The case with Darwinex is the same. The people at the company want their clients to have as good and positive experience as possible. This is the reason they use encryption for the website. This technology allows money transfers to be made safe and fast. Encryption is a must for every big company especially when there are online payments.

Another layer of protection are the segregated accounts from Barclays. These accounts allow the customers have a 50 000 GBP guarantee on their money, which is brilliant.

The individual policy in the company which does not allow the workers to share personal information of the clients.

 

However, sometimes we need support to deal with an issue. This comes on the phone in six different languages – Chinese, Bulgarian, English, German, Russian and Spanish. The website is available in three main languages – English, Spanish, and Chinese.

Other interesting ways to find the people who can help are callbacks, emails, live chat, phone, and Skype.

 

Deposits and Withdraws

 

Deposits and withdraws can be made in three different currencies – GBP, USD, and EUR. The methods that the professionals use are Bank Transfers, Skrill, Visa and Master Card, Neteller and union pay. The minimum first deposit is 500 of the currency. The maximum deposits go up to 5000 and then 20 000. The charges depend on the method the client uses. Bank transfers rely on the accusations of the bank; Skrill does not have charges as well as visa and master card; Netteller applies 1% charge, and UnionPay has none. The processing is another interesting aspect. Bank transfers take 1 to 3 working days, Skirll, cards and UnionPay are immediate, and Neteller takes one business day. The accounts can be in EUR, USD, and GBP. The accounts allow scalping, hedging, trailing stops and pending orders, one-click trading and mobile trading alongside automated trading.

 

Deposit bonus and loyalty programs

 

In the current moment, the Darwinex company does not offer special treatment of any of their clients. This, however, may soon change as more and more people ask for the conditions and ask about enough it. The company tries to find the best solution with the best people so that means we may soon see deposits bonuses and loyalty programs implemented in the service.

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