Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

Darwinex
7.9 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT DARWINEX
Vinson Financials
7.2 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT VINSON FINANCIALS
eToro
8.7 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT ETORO
About

Darwinex is regulated by the Financial Conduct Authority. Darwinex have provided Forex, Spread betting trading services since 2012.

Vinson Financials is regulated by CySEC, MiFID. Vinson Financials have provided Forex, CFD trading services since 2004.

eToro is regulated by CySEC. eToro have provided Forex trading services since 2006. 66% of retail CFD accounts lose money

Why choose them?
  • Yes Over 6 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
  • Yes Over 14 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC, MiFID
  • Yes Over 12 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CySEC, ASIC
Headquarters London, UK 26 Voreiou Ipeirou Street, Limassol 3022, Cyprus. Limassol, Cyprus

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No No Yes
CFD No No Yes
Spread Betting Yes No No
Social Trading Yes No Yes
MARKETS & INSTRUMENTS
Forex (currency pairs) 40 47
Commodities Offered 6
Stocks Offered 957
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks No No Yes
Penny stocks No No No
Energies No Yes Yes
Metals Yes Yes Yes
Agriculturals No Yes Yes
FTSE Yes Yes Yes
Dow Jones No No No
Dax Yes Yes Yes
Nikkei Yes No Yes
ETFs No No Yes
IPO No No No
See all instruments

73% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

Losses can exceed deposits

See all instruments

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes No
MT5 No Yes No
MT4 Mac No No No
WebTrader Yes No No
Mirror Trader No No No
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM Yes No No
Custom Platforms Social Trading No CopyTrader

APPS

iOS image No Yes Yes
Android image Yes Yes Yes
Windows image No No No
Available Languages

English, Spanish, Chinese, and French

English, German, Spanish, French, and Italian

See platform & features

73% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

Losses can exceed deposits

See platform & features

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Darwinex and Vinson Financials

Demo account Yes No Yes
Mini account Yes Yes Yes
Micro account No No Yes
Standard account Yes Yes Yes
ECN Account No No No
Islamic account No Yes Yes
Zero spread account No No No
VIP account No Yes Yes
Fixed spreads No Yes Yes
Variable spreads Yes Yes No
See account options

73% of retail investor accounts lose money when trading CFDs with this provider

See account options

Losses can exceed deposits

See account options

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

TRADING CONDITIONS

Scalping Yes Yes No
Hedging Yes Yes No
Expert advisors (EAs) Yes Yes No
Virtual private server Yes No No
Direct market access Yes Yes No
STP broker Yes Yes Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot 0.01 Lot $25
Max trade None 100 lot 20% of equity
Min deposit $500 $200 $200

RISK MANAGEMENT

Stop losses Yes No Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes No Yes
Price alerts Yes No Yes
Signal trading No No Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller No No Yes
Skrill No No Yes
Payment processing time 1-3 business days 1-3 business days Varies
Withdrawal processing time 1-3 business days 2 business days Varies
See all funding options

73% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

Losses can exceed deposits

See all funding options

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

DETAILED INFO

Excluded countries IR, KP, BE, CA, JP, SY, TR, IL
Contact email Send Email Send Email Send Email
Phone number 44 20 7193 1232 +357 25 0288 6163 44-866-350-0881
Live Chat Yes No Yes
Website https://www.darwinex.com https://www.vinsonfinancials.com www.etoro.com
Spreads:
EUR/USD (Average: 0.7 pips) Not offered Not offered 3.0 pips
GBP/USD (Average: 1.1 pips) Not offered Not offered 4.0 pips
USD/JPY (Average: 1.1 pips) Not offered Not offered 2.0 pips
AUD/USD (Average: 0.8 pips) Not offered Not offered 1.0 pips
USD/CHF (Average: 2.3 pips) Not offered Not offered 3.0 pips
USD/CAD (Average: 2.9 pips) Not offered Not offered 3.0 pips
NZD/USD (Average: 3.6 pips) Not offered Not offered 5.0 pips
EUR/GBP (Average: 2.4 pips) Not offered Not offered 4.0 pips
View all spreads

73% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

Losses can exceed deposits

View all spreads

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FEES

Inactivity Fee No Yes Yes
Commission Yes $15 for 1 lot on indices No
Deposit Fee No Varies No
Withdrawal Fee Yes Yes Yes
View All Fees

73% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

Losses can exceed deposits

View All Fees

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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Last update

All information collected from https://www.darwinex.com. Last updated on 01/11/2019.

All information collected from https://www.vinsonfinancials.com. Last updated on 01/11/2019.

All information collected from www.etoro.com. Last updated on 01/11/2019.

Company

Darwinex is an online forex trading service provider who are regulated by the Financial Conduct Authority. To open an account with Darwinex, minimum deposits start from $/£500.

With Darwinex you can trade Forex, indices, and commodities. If you like to trade on the go, Darwinex have iPhone and Android apps so you can trade from anywhere on your phone.

Darwinex offer MT4, MT4 mobile, MT4 iOS and MT4 Android platforms to make your trades and support 3 different languages.

They also offer traders free educational material to better understand the markets and trading strategies.

The spreads offered by Darwinex for the most popular instruments are:
0.38 EUR/USD, 0.8 FTSE 100, 0.12 GOLD,
0.43 GBP/USD, n/a DOW/JONES, n/a Crude Oil,
see all the spreads here.

Vinson Financials is an online forex trading service provider who are regulated by CySEC. To open an account with Vinson Financials, minimum deposits start from $200.

With Vinson Financials you can trade Forex, metals, and indices. If you like to trade on the go, Vinson Financials have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

Vinson Financials offer Meta Trader 4 (MT4), Meta Trader 5 (MT5), iOS Mobile Trader, Android Mobile Trader, MT4 Multiterminal platforms to make your trades and support 8 different languages.

They also offer traders free educational material to better understand the markets and trading strategies.

The spreads offered by Vinson Financials for the most popular instruments are:
1 EUR/USD, 2 FTSE 100, 0.5 GOLD,
2 GBP/USD, 4 DOW/JONES, n/a Crude Oil,
see all the spreads here.

Founded in 2006 and based out of Tel-Aviv, eToro enables traders to follow various sectors including nearly two hundred and fifty different stocks. CFD and currency trades are likewise a possibility. As of this year, eToro boasts more than six million members worldwide.

For more information about trading with eToro, we have put together an indepth eToro review with all the pros and cons about this broker.

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Darwinex or Vinson Financials?

A wide range of instruments or offers VIP accounts ?

If you’re a trader looking for a broker that offers a wide variety of instruments to trade, Darwinex is likely the better option out of these brokers. However, if

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Darwinex and Vinson Financials to be equally reliable. We’ve broken down why below:

Who are they regulated by?

Darwinex is regulated by Financial Conduct Authority, while Vinson Financials is regulated by CySEC, MiFID.

As the Financial Conduct Authority are one of the most stringent regulators in the world, Darwinex will have very strict guidelines to follow to ensure they protect their retail trader clients.

eToro are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Darwinex has been around for 7 years, while Vinson Financials have been around for 15 years. Our third alternative broker, eToro, have been around for 13 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Darwinex does not use tier one banks as their banking partner. Vinson Financials uses tier one banks as their banking partner.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on Darwinex or Vinson Financials in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both Darwinex and Vinson Financials are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Darwinex are based in London, UK, while Vinson Financials are based in 26 Voreiou Ipeirou Street, Limassol 3022, Cyprus. .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Darwinex and Vinson Financials offer forex trading. Darwinex have a slightly larger variety of currency pairs with 40 pairs, compared to offered by Vinson Financials. Also, if you’re looking to trade cryptocurrencies,

neither Darwinex nor Darwinex offer commodity trading.

Darwinex also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both Darwinex and Vinson Financials offer this. Vinson Financials also offer the new & improved MT5 platform.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. Vinson Financials, for example, offer a mini account, standard account and VIP account.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

Darwinex does allow scalping and hedging. While Vinson Financials also allows scalping and hedging. You can trade with EAs (expert advisors) on both Darwinex and Vinson Financials.

In terms of risk management tools, neither Darwinex or Vinson Financials offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.

Darwinex also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

Darwinex accept Payoneer while

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Darwinex charges 0.20 points, while Vinson Financials charges points. Therefore, Vinson Financials is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Darwinex or Vinson Financials?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Vinson Financials is more reliable based on our criteria above. Darwinex has a wider range of instruments to trade. Darwinex offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.