Darwinex Review

A difficult broker to trade with. Their leverage now varies, some of the major currencies have a margin requirement of just 20:1

Also their commission rates are very high and the spreads are too (1 to 3 pips)

Even in the European/UK regulated environments you will be able to find a better broker than this.

I've been using Darwinex for almost a year in and out.

So far they are a real A Book / STP / DMA broker, you name it. Darwinex is offering the best social trading all over the industry. The only things is that the leverage is limited to 1:30 which makes it impossible for me to trade in best conditions as I'm using "scalper" type of EAs and always limited with the position size. Sad to see the EU making almost impossible their brokers to stand out in a highly competitive industry. Will wait to slowly grow my balance and definitely go back with Darwinex ASAP. They really deserve some support.

Today is 15.12.2022 and Darwinex finally withdrew my funds. Please remove my previous review

Nov 25, 2022 - 1 Star Darwinex company is a full scam. They won't withdraw your funds. My trading account number is 2100062084 in Darwinex's system, which was opened on ~2019-05-07.
On 2022-07-15 I sent a withdrawal request to Darwinex company, however received an answer saying that the withdrawal is not allowed since I have russian nationality. As far as I know, according to the sanctions it's prohibited to withdraw the funds to Russia, however there is no problem to transfer the funds within European territory if the value doesn't exceed 100 000 EUR. Within some short time I provided the details of two of my european bank accounts and also Skrill account registered on european address. Nevertheless, Darwinex rejected the payment again. After this I provided several documents confirming my current residence in Spain. Later Darwinex representative told me the payment was possible, however in fact nothing has changed. Now it's obvious Darwinex company is not going to withdraw my funds. Today is 2022-11-25. My account balance is 10930.65 EUR and seems there is no way to get this money back... Contacted their regulators. Perhaps this feedback will help other traders

As an FCA regulated broker, Darwinex limits the leverage up to 30:1 unless you have a license and experience of a professional trader with quite a large requirement for the overall volume traded. Besides, you have to be ready to pass a quiz before registering an account with Darwinex. That’s a common requirement for FCA regulated brokers though. Among the assets to trade on, there’re currency pairs, dozens of CFDs, and even cryptos (with lower leverage).
The broker takes fees for withdrawals, not sure about all payment methods, so you have to check that out to avoid surprises.
Minimum deposit to open a live account is $500. Scalping and EAs are allowed. There’s quite a large list of prohibited countries.
Both MT4 and MT5 platforms work well according to the industry standard. However, slippages are still in place, although rare (depending on the asset).
The overall impression is similar to a reliable broker for manual trading, I didn’t try bots though.
A powerful addition, in my opinion, would be the cTrader platform as it takes the issue of the dealing desk out of the table. Besides, MetaTrader uses quite an old technology with many features limited for manual trading.

Broker ok but watch the terrible terrible fees.

1% to withdraw your money.

What for, absolutely ridiculous.

Customer service not very good either, no live chat