Darwinex Overall rating
Rating | Weight | |
Popularity |
3.7
|
3 |
Regulation |
5.0
|
2 |
User Rating |
Not rated
|
3 |
Pricing rating |
Not rated
|
1 |
Features |
Not rated
|
1 |
Customer Support |
Not rated
|
1 |
Pros
- Regulated by multiple authorities including UK FCA and Spain CNMV.
- Offers competitive forex and commodities spreads.
- High popularity rating among users with 488,135 organic monthly visits.
- Well-established, founded in 2012.
- Wide range of tradable instruments including forex, stocks, and ETFs.
- Available on multiple platforms: MetaTrader 4 and 5.
Cons
- No user reviews available.
- Not licensed as a bank.
- Swap rates on some instruments are less competitive.
- Does not provide its financials publicly.
We tested Darwinex using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.
Trustworthiness & Regulation
Darwinex is a well-established broker, founded in 2012. It is regulated by multiple authorities including the UK FCA and Spain CNMV, which ensures a high level of trust and security. Despite having no user reviews available, it holds a popularity rating of 3.9 out of 5, reflecting significant user engagement and web traffic.
Darwinex ranks 100 out of 815 forex brokers based on user ratings and 28 based on expert ratings. It gets 488,135 organic monthly visits, ranking 53 out of 815 for organic traffic. It is important to keep in mind that in the past, even highly regulated and successful financial firms have failed.
Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
---|---|---|---|---|---|---|
Tradeslide Trading Tech Limited | up to £85,000 | 30 : 1 | ||||
Tradeslide Global LTD | 200 : 1 | |||||
Sapiens Markets EU Sociedad de Valores SA | up to €100,000 | 30 : 1 |
Deposit Insurance
Darwinex provides deposit insurance under its regulatory frameworks. In Spain, through Sapien Markets EU Sociedad de Valores SA, it offers segregated client money, a deposit compensation scheme, and negative balance protection with a maximum leverage of 30:1 for retail clients.
In the UK, Tradeslide Trading Tech Ltd also provides segregated client money, a deposit compensation scheme, and negative balance protection, again with a maximum leverage of 30:1.
However, Tradeslide Global Ltd, regulated by Seychelles SC FSA, offers segregated client money but does not provide a deposit compensation scheme or negative balance protection, with a higher leverage limit of 200:1.
Spreads and Costs
Darwinex offers competitive average spreads and costs in the forex and commodities asset classes compared to other industry-leading brokers. This broker has in-line average spreads and costs across most asset classes.
Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers
Broker - Account Type | Crypto Average | Forex Average | Indices Average | Commodities Average |
---|---|---|---|---|
Darwinex – Standard | - | 1.71 | - | 0.14 |
Exness – Zero | 5.45 | 1.01 | 1.81 | 0.03 |
IC Markets - Raw Spread | 10.12 | 2.05 | 1.17 | 0.13 |
HFM – Zero Spread | 21.54 | 1.60 | 4.59 | 0.12 |
RoboForex – ECN | - | 2.13 | - | 0.15 |
FBS - Standard | 24.23 | 4.09 | - | 0.23 |
Vantage Markets – Raw ECN | 7.99 | 1.40 | - | 0.09 |
Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD). Data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.
Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.
Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.
Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.
Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers
Broker - Account Type | BTCUSD | ETHUSD | EURUSD | USDJPY | GBPJPY | EURGBP | AUDNZD | CADCHF | AUS200 | US30 | XAUUSD | XAGUSD |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Darwinex – Standard | - | - | 0.78 | 1.66 | 2.69 | 1 .14 | 2.24 | 1.76 | 3.35 | - | 0.26 | 0.01 |
Exness – Zero | 9.50 | 1.39 | 0.44 | 2.03 | 1.61 | 0.45 | 0.98 | 0.53 | 1.92 | 1.70 | 0.04 | 0.01 |
IC Markets - Raw Spread | 17.29 | 3.00 | 0.97 | 1.83 | 3.03 | 1.06 | 4.03 | 1.53 | 1.30 | 1.04 | 0.23 | 0.03 |
HFM – ZeroSpread | 38.63 | 4.45 | 0.76 | 1.50 | 1.72 | 0.63 | 2.93 | 2.04 | 1.39 | 7.79 | 0.20 | 0.04 |
RoboForex – ECN | - | - | 0.65 | 1.28 | 2.50 | 0.92 | 5.81 | 1.59 | - | 1.17 | 0.29 | 0.01 |
FBS – Standard | 46.41 | 2.05 | 1.91 | 3.46 | 6.04 | 3.31 | 5.01 | 4.79 | - | 6.09 | 0.42 | 0.04 |
Vantage Markets – Raw ECN | 13.64 | 2.34 | 1.11 | 1.06 | 1.86 | 0.71 | 2.29 | 1.39 | - | - | 0.16 | 0.03 |
Swap Rates/Financing Fees
Swap fees, also known as financing fees, are charged when a position is held overnight. Positive swap rates pay out to the trader, while negative swap rates cost money. Compared to industry-leading brokers, Darwinex has in-line average swap rates.
Broker | Best | Average | NZDUSD Swap Short | NZDUSD Swap Long | USDJPY Swap Short | USDJPY Swap Long | XAUUSD Swap Short | XAUUSD Swap Long |
---|---|---|---|---|---|---|---|---|
Darwinex | -- | -2.91 | -0.15 | -0.16 | -2.94 | 2.07 | 27.00 | -43.30 |
Exness | -- | -6.78 | -0.08 | -0.07 | -2.77 | 0.00 | 0.00 | -37.79 |
IC Markets | Best | -2.27 | -0.10 | -0.14 | -2.59 | 1.25 | 20.78 | -32.84 |
HFM | -- | -7.89 | -0.14 | -0.14 | -3.65 | 0.00 | 0.00 | -43.31 |
Roboforex | -- | -5.81 | -0.23 | -0.30 | -3.56 | 1.22 | -3.00 | -29.00 |
FBS | -- | -4.38 | -0.14 | -0.06 | -2.87 | 0.63 | 6.05 | -29.90 |
Vantage Markets | -- | -2.33 | -0.22 | -0.22 | -2.65 | 1.00 | 18.90 | -30.80 |
Does Darwinex Offer Islamic/Swap-free Accounts?
Islamic or swap-free accounts are designed for traders who cannot receive or pay interest due to religious beliefs. These accounts comply with Sharia law by not charging overnight interest fees on positions.
According to Darwinex's official website, they do not currently offer specific Islamic or swap-free account options. Traders interested in such accounts may need to consider other brokers that provide this feature.
Other Fees
In addition to spreads, commissions, and swap rates, Darwinex may charge other fees. Based on reviews and information from various sources, here are some additional fees traders should be aware of:
Fee Type | Details |
---|---|
Withdrawal Fees | Varies by method; please visit Darwinex's funding web page for more info. |
Inactivity Fees | Charged after 12 months of inactivity, usually around $10 per month. |
Comparison to other Brokers
When comparing Darwinex to other brokers, it stands out due to its regulation by both the UK FCA and Spain CNMV, ensuring a high level of trust and security.
Despite the absence of user reviews, its expert rating is high at 28 out of 815 brokers, reflecting strong overall performance and reliability. The broker's popularity is also notable, with 488,135 organic monthly visits and a ranking of 53 out of 815 for web traffic.
While its average spreads and costs are competitive, particularly in forex and commodities, its swap rates are average compared to industry-leading brokers.
Overall, Darwinex is a well-established broker with a good reputation, though it lacks user reviews and transparency regarding its financials.
Trading Platforms - Mobile, Desktop, Automated
Platform | Device | Automated Trading | Programming Language |
---|---|---|---|
MetaTrader 4 | Desktop, Mobile, Web | Yes | MQL4 - Moderate difficulty |
MetaTrader 5 | Desktop, Mobile, Web | Yes | MQL5 - Moderate difficulty |
Darwinex offers both MetaTrader 4 and MetaTrader 5 platforms, which are available on desktop, mobile, and web. These platforms are known for their advanced charting tools, wide range of technical indicators, and support for automated trading.
Automated trading on these platforms is facilitated through the use of MQL4 and MQL5 programming languages, which are relatively easy to learn for those with some programming experience.
The platforms also support custom indicators and scripts, making them versatile for different trading strategies.
What Can you Trade?
Asset Class | Number of Instruments |
---|---|
Forex CFD | 40+ |
Crypto CFD | - |
Stock CFD | 700+ |
Stock Index CFD | 10 |
Commodities CFD | 4 |
ETFs | 100 |
Bond CFD | - |
Futures CFD | - |
Darwinex offers a wide range of tradable instruments, including over 40 forex pairs, more than 700 stock CFDs, 10 stock index CFDs, 4 commodities CFDs, and 100 ETFs.
However, they do not offer crypto, bond, or futures CFDs. All these instruments are traded as CFDs, meaning you do not own the underlying asset but rather trade on the price movements of these assets.
This allows for leverage, which can amplify both gains and losses. For a detailed list of available instruments, visit Darwinex's instruments web page.
Available Leverage
Darwinex offers different leverage levels depending on the regulatory entity and the type of instrument traded. For retail clients, leverage is capped at 30:1 under the UK FCA and Spain CNMV regulations.
However, for clients under the Seychelles SC FSA regulation, leverage can go up to 200:1. It's important to understand that while higher leverage can increase potential profits, it also increases potential losses.
Prohibited Countries
Darwinex cannot open accounts for clients in certain countries due to regulatory restrictions. Based on available information, these countries include the United States and Canada, and several others where financial regulations restrict foreign brokers.
For a complete list of prohibited countries, it is best to consult Darwinex's official website or contact their customer support directly.
Darwinex Account types
Standard | |
Maximum leverage | 200:1 |
Mobile Platform | MT4 Mobile, MT5 Mobile, Proprietary |
Trading platform | MT4, MT5, Proprietary |
Spread Type | Variable Spread |
Minimum Deposit | 500 |
Minimum Trade Size | 0.01 |
Trailing Stops | |
Scalping Allowed | |
Hedging Allowed |
Standard | |
Maximum leverage | 200:1 |
Trading platform | MT4MT5Proprietary |
Mobile platform | MT4 MobileMT5 MobileProprietary |
Spread type | Variable Spread |
Minimum deposit | 500 |
Minimum Trade Size | 0.01 |
Trailing Stops | |
Scalping Allowed | |
Hedging Allowed |
Darwinex Web traffic
Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.
Websites |
darwinex.com
|
Organic monthly visits | 236,913 (100%) |
Organic traffic rank | 80 out of 827 (Forex Brokers) |
Paid monthly visits | 914 (0%) |
Total monthly visits | 237,827 |
Bounce rate | 44% |
Pages per visit | 3.28 |
Average visit duration | 00:02:26.6810000 |
Darwinex Profile
Company Name | Sapiens Markets EU Sociedad de Valores SA |
Categories | Forex Brokers |
Primary Category | Forex Brokers |
Year Founded | 2012 |
Headquarters | Spain |
Office Locations | Spain, United Kingdom |
Account Currency | EUR, GBP, USD |
Support Languages | English |
Funding Methods | Bank Wire, Credit/Debit Card, Skrill |
Financial Instruments | Forex, Shares, Indices, Oil/Energies, Metals, ETFs |
Prohibited Countries | Afghanistan, American Samoa, Bosnia and Herzegovina, Barbados, Burkina Faso, Bahrain, Burundi, Benin, Bolivia, Belarus, Central African Republic, Congo, Ivory Coast, Cape Verde, Egypt, Eritrea, Ethiopia, Grenada, Guinea, Guam, Guinea Bissau, Haiti, Iraq, Iran, Japan, Kenya, Cambodia, North Korea, Laos, Lebanon, Saint Lucia, Sri Lanka, Liberia, Lesotho, Libya, Marshall Islands, Mali, Myanmar, Mongolia, Macau, Northern Mariana Islands, Maldives, Mozambique, Namibia, Niger, Nepal, Panama, Pakistan, Puerto Rico, Palau, Paraguay, Sudan, Sierra Leone, Somalia, Sao Tome and Principe, Syria, Tajikistan, Tunisia, Trinidad and Tobago, Tanzania, Uganda, United States, Venezuela, Virgin Islands, U.s., Vanuatu, Samoa, Yemen, Zambia, Zimbabwe, Serbia |
Darwinex User reviews
Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.
Darwinex Regulation / Money Protection
Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
---|---|---|---|---|---|---|
Tradeslide Trading Tech Limited | up to £85,000 | 30 : 1 | ||||
Tradeslide Global LTD | 200 : 1 | |||||
Sapiens Markets EU Sociedad de Valores SA | up to €100,000 | 30 : 1 |
Darwinex Symbols
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