Darwinex Review

Review

Darwinex.com is a “technology provider” that offers trading-related services.  This is an interesting way of avoiding the negative connotations that often come with being a Forex broker.  The truth is that Darwinex is a Forex brokerage specializing in social trading.  Darwinex offers traders the opportunity to buy and sell strategies as well as Forex pairs.  The idea of buying and selling strategies in this manner is quite innovative. 

Established in 2012, Darwinex began as a trading technology company.  They became a registered brokerage in 2014 under the regulation of the FCA in the United Kingdom.  Since then, the company has gone through some changes and today they are a social copy trading service that offers traders the ability to share trading strategies and actual trades. 

Darwinex.com is a commission-based business and the company claims that it never trades against its customers. The spreads and commissions vary based on whether the trader is using the Darwinex platform or trading on MT4 as well as which Forex pairs are involved in the trade.

If you become a trader that is copied by other customers of Darwinex.com you can earn up to 20% on profits generated for the third-party trader.  As a trader that the company determines has a successful strategy you can also earn a percentage on Darwinex.com

On the Darwinex website only 9 Forex pairs are listed.  That is a very limited number compared to many other brokerages if indeed those are all the pairs that are tradeable here. The products offered on their website are definitely not the strong point of Darwinex. Most brokerages offer many more trading options while this firm is clearly focused on other things.  

Online reviews have very positive things to say about Darwinex’s customer service which could be telling about the service.  On their website there is a pop up live chat which is a great sign of helpful customer service.  They also have contact phone numbers, email addresses and a form to fill out for emergency assistance with live issues. 

Darwinex is a social trading brokerage that sets itself apart from similar services by describing itself in extremely complicated English, rather than in simpler, more straightforward prose. This shouldn’t deter everyone, but it should be noted for those who are looking for a quick, easy understanding of what they will be getting. The website provides fairly little information about how things work, and we were left at the end of this Darwinex review feeling like we wanted more. 

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