Darwinex Broker Review 2024

Darwinex is a brokerage company and asset management firm that provides access to financial markets (e.g., FX, Stocks, Indices, and more) and investment opportunities for both investors and strategy providers.

Are you familiar with D-Zero, Darwinex broker’s risk free asset managing program? We’ll explore the account types, financial markets, fee structure, regulatory status, investment options, and many more in this Darwinex review.

Darwinex; Company Information and Regulatory Status

Darwinex is a regulated broker founded in March 2012, holding licenses from reputable regulatory bodies, including the UK FCA and Spain CNMV. The company offers 1,500+ financial instruments to trade and invest. Key features of Darwinex:

• Regulated by FCA, CNMV, and Seychelles FSA;
• More than 70 employees;
• $15B monthly trading volume from 80+ countries;
• A wide range of financial markets, including Forex, CFDs, Futures, Stocks, Indices, and ETFs;
• Providing seed capital for top strategies through the DarwinIA service;
• Darwinex Zero program with no risk and a monthly subscription fee for asset managers;
• Integration with Interactive Brokers (IBKR), the largest brokerage company in the United States;

Darwinex Table of Specifics

Darwinex's unique selling point is its ability to transform traders' strategies into investable assets called DARWINs, allowing successful traders to attract investor capital and earn performance fees.

Darwinex Account Type Offerings

As a brokerage company and asset management firm, Darwinex has a wide range of account types catering to both traders and investors. Integration with IBKR in 2021 has made way for IBKR accounts.

Live

• Standard account for individual traders;
• Access to all trading instruments;
• Minimum deposit of $500;
• Available in various base currencies, including USD, EUR, and GBP;
• Leverage up to 1:30;
• Spreads from 0.0 pips.

Professional

• For experienced traders who want to attract capital with their own brand leveraging the Darwinex Pro platform;
• Higher leverage available (up to 1:200);
• Less regulatory protection;
• A one-time set-up fee of $10,000;
• Subject to AuM-based fee and Value Added Tax (VAT).

DARWIN IBKR

• Allows traders to turn their strategies into DARWINs (investable assets);
• Two subtypes: Stocks (800 US stocks and ETFs) and Futures (60 futures contracts on the CME, CBOE, EUREX, and ICE exchanges);
• Access to seed allocation program (DarwinIA);
• Attract third-party capital.

Classic IBKR

• For traders who don't plan to manage investor capital;
• Direct access to Interactive Brokers' platform;
• 150 global markets and diverse financial instruments, including Stocks, Options, Futures, Currencies, Bonds, Funds, and more;
• There is a possibility of moving track records to the Darwin IBKR account.

Darwinex Broker Pros & Cons

Darwinex stands out for its innovative DARWIN system and low trading costs, but the high minimum deposit and limited global availability may deter some traders.

Darwinex Registration and KYC Verification

We must discuss the ID verification in this Darwinex review. Registering with the broker involves a thorough verification process to comply with MiFID regulations. After creating an account, you must visit “https://www.darwinex.com/mifid” and complete the KYC process.

1. Visit the broker’s official website at “https://www.darwinex.com/global/”;
2. Click “Open A Live Account”;
3. Set a username and a strong password;
4. Provide your email address;
5. Choose the country of tax residence and the proper regulated entity;
6. In your client area, click on the “Request A Live Account” button;
7. Fill in the “Personal Details” form with ID and Address information;
8. Fill out the “FINANCIAL SOLVENCY” form;
9. Provide proof of identity (Passport or driving license) and proof of address (utility bill or bank statement).

Darwinex Broker Trading Platforms

The company offers a diverse range of trading platforms to cater to different trader preferences. Note that trading platforms for Darwinex Live accounts differ from those for IBKR accounts.

Live and Professional

• MetaTrader 4 (MT4);
• MetaTrader 5 (MT5);
• DARWIN API;

IBKR Accounts

• TradingView;
• Web Trader;
• Trader workstation (TWS);
• NinjaTrader;
• MultiCharts;
• ZORRO IB Bridge;
• IB Gateway.

Darwinex Trading and Non-Trading Costs

The broker’s trading costs vary based on the account type and instrument. While the live account comes with spreads from 0.0 pips and low commissions, the IBKR accounts follow the Interactive Broker’s fixed pricing conditions.

Live

Darwinex IBKR

Darwinex Payment Options

The next topic in this Darwinex review is deposit/withdrawal. The broker offers several options for funding and withdrawal transactions, including:

Darwinex Broker Investment Plans and Copy Trading

While the company doesn’t offer a dedicated copy trading service, it provides robust money management and investment services. however, the investment plan is not available globally, and only residents of the UK and EU can use this feature.

You can invest in Darwins (Top Trading Strategies) and receive profits. Note that you should pay a 20% performance fee, 5% for the broker, and 15% for the strategy provider. Key features of Darwins Investment:

• Certified and standardized for fair competition;
• Investors can access uncorrelated trading strategies;
• A curated selection of best-performing DARWINs;
• Investors can build diversified portfolios;
• Exclusive and dedicated Risk Engine.

Does Darwinex Offer Bonus or Promotional Programs?

The company does not offer traditional bonuses or promotional programs such as sign-up or deposit bonuses. This approach aligns with the regulatory guidelines set by the UK's Financial Conduct Authority (FCA), which discourages brokers from offering such incentives.

However, we must mention in this Darwinex review that if you’re a regulated financial advisor, the broker has an affiliate program for you. In order to submit a request and receive a unique referral code, contact “info@darwinex.com”.

Darwinex Broker Customer Support

The company provides customer support from Monday to Thursday, 8:00 AM to 7:00 PM UTC, and Friday, 8:00 AM to 5:00 PM UTC, through various channels, including:

Restricted Countries on Darwinex

As an FCA/CNMV-regulated broker, the company operates under certain restrictions regarding the countries it can serve. Red flag countries on Darwinex:

• Afghanistan;
• American Samoa;
• Bahrain;
• Barbados;
• Belarus;
• Benin;
• Bolivia;
• Bosnia and Herzegovina;
• Iran;
• United States.

Darwinex Trust Scores

User satisfaction is one of the most important factors to consider before choosing a broker. Darwinex, with its strong regulatory status and ratings, is a good choice for traders and investors.

Conclusion and Final Words

Darwinex provides various services like ALGO trading and CFD trading on a diverse range of assets, such as Forex, Metals, Energies, ETFs, and Stocks.

By integrating with Interactive Brokers (IBKR), Darwinex broker also offers investment opportunities on US stocks, Futures, and Options contracts. Share your thoughts about the Darwinex review in the comments.