Darwinex

Brand name

Darwinex review

A social trading network with non-traditional approach. At Darwinex one follows/unfollows a strategy by buying and selling DARWINs — the process is very similar to buying any asset on the market. DARWINs can be described as strategy stocks, which change value proportional to performance of underlying strategy. Copiers are called Investors instead of Followers. Darwinex has a range of their own algorithms by which the strategies are ranked, those indexes are calculated based on experience, consistency, risk management, timing, scalability and performance assessment. A wide range of statistics is available for analysing a strategy prior to buying relevant DARWIN, however data on current open trades and exact list of previously opened trades are not provided. Social trading network offers several hundreds of strategies to copy.

To users interested in self trading Darwinex offers a classic Metatrader 4 platform along with their own iOS and Android apps. The list of available trading assets is currently limited to currency pairs, metals and indices.

The minimum deposit is $500 and the minimum amount required to invest in each strategy is $200. DARWINEX is registered as a broker and charges users spreads on every trade. While the spreads are fairly low, the commission on profit made by Investors is higher than average. Traders (strategy providers) receive 20% of profits made by their followers.