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Darwinex Review

  • Regulated by: Financial Conduct Authority
  • Safety: segregates client funds
  • Trust Rating: B
Open Darwinex's Website

Losses can exceed deposits. Your capital is at risk.

Darwinex three ways: Forex, Spread Betting, Social Trading.

To open a live account, you’ll need a minimum deposit of at least $500. Alternatively, Darwinex offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 586466 ). Darwinex puts all client funds in a segregated bank account and uses tier-1 banks for this. Darwinex have been established since 2012, and have a head office in UK.

Before we dive into some of the more detailed aspects of Darwinex’s spreads, fees, platforms and trading features, you may want to open Darwinex‘s website in a new tab by clicking the button below in order to see the latest information directly from Darwinex.

Open a demo account Visit Darwinex

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
Your capital is at risk.

Darwinex screenshot

PROS

  • Segeregates client funds
  • Established in 2012
  • Regulated by Financial Conduct Authority
  • Min. deposit from $500

CONS

What are Darwinex's spreads & fees?

Like most brokers, Darwinex take a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum spreads listed on Darwinex’s website. The colour bars show how competitive Darwinex’s spreads are in comparison to other popular brokers featured on BrokerNotes.

Darwinex fixed spread is not available. If you believe this is incorrect please fill in our form

Speads are dynamic and are for informational purposes only. Last updated: June 06, 2018.

As you can see, Darwinex's minimum spread for trading EUR/USD is 0.2 pips - which is relatively low compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Darwinex vs. similar brokers.

See all Spreads Your capital is at risk.

How much does Darwinex charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with Darwinex at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $5.7. Here’s a rough breakdown of the fees and how this compares against Plus500 & AvaTrade.

Darwinex Plus500 AvaTrade
Spread from: $2.00 $6.00 $7.00
Typical overnight fee: $3.70 $9.40 $5.00
Commission: $10.00 $0.00 $0.00
Total cost of a 100k trade: $5.7 $15.4 $12
$9.70 more $6.30 more
Visit Darwinex Visit Plus500 Visit AvaTrade

Your capital is at risk. All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018.

General Fees

  • Darwinex doesn’t charge inactivity fees*
  • Darwinex withdrawal fees varies on payment method

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • The rollover fee for long positions on EUR/USD is -$3.70
  • The rollover fee for short positions on EUR/USD is -$8.20 USD

Commissions

  • Darwinex does charge commission on CFD shares

What can you trade with Darwinex?

FX / Currencies Darwinex Plus500 AvaTrade
# of forex pairs offered 40 61 59
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs Darwinex Plus500 AvaTrade
# of commodities offered 17 16
Metals Yes Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs Darwinex Plus500 AvaTrade
# of Stocks offered 1816 99
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See Darwinex's Instruments See Plus500's Instruments See AvaTrade's Instruments
Your capital is at risk.

What’s the Darwinex trading experience like?

1) Platforms and apps

Darwinex offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. Darwinex also offer their custom Social Trading platform.

Darwinex Screenshot See Darwinex's Platforms

Darwinex also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See Darwinex's platforms Your capital is at risk.

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP

Accounts offered:

  • Demo account
  • Mini account
  • Standard account
  • Managed account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

Darwinex allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As Darwinex offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Darwinex offer margin up to 0.05 on currencies.

Finally, we’ve listed some of the popular funding methods that Darwinex offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Payoneer

3) Client support

Darwinex support a wide range of languages including English, Spanish, Chinese, and French

Darwinex have a BrokerNotes triple AAA support rating because they offer a wide range of languages, live chat, phone and email support.

4) What you’ll need to open an account with Darwinex

As Darwinex is regulated by Financial Conduct Authority, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Darwinex’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Darwinex you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.darwinex.com on March 21, 2018.