Darwinex Review 2020 - Is It a Legit Broker? [Safetrading]
Darwinex is a young CFD | ECN broker that is owned by Tradeslide Trading Tech Limited, registered in London, UK, and regulated by FCA in the United Kingdom.
There are a lot of brokers that offer you plenty of services, their websites are full of things like “the lowest spreads”, “high bonuses”, etc.
But those phrases are not the first and the most important thing you need to see.
We will help you to choose a good broker.
And today Safetrading in this Darwinex review will discuss one more popular broker - its features, trading assets, spreads, Darwinex leverage, Darwinex minimum deposit, Darwinex liquidity provider, etc.
What Is Darwinex?
Darwinex started its activity in 2012 and it is the youngest broker we reviewed.
They have headquarters in London, as I told you before, and have the development office in Spain.
The first thing I liked is their website, it is simple and helpful.
There is a pop-up window with information about CFD!
Thank you for saving my time writing the Darwinex review!
Yes, they are right, you need to understand how CFDs work and remember that you don’t own assets if you trade CFDs.
Darwinex ECN offers Professional Account, Retail Account, and Darwinex Demo Account. The third one is good not only for newcomers but for every trader who wants to test the strategy.
With this broker, you can trade currencies, indices, commodities, stocks (USA), and cryptocurrencies.
They have around 40 trading pairs for currency trading. The minimum lot is 0,01 and the maximum Darwinex leverage is 1:30.
There are 10 indices now - AUS200, GDAXI, NDX, SPX500, etc. The minimum lot differs from one index to another - 0,01 or 0,1.
Here you can trade gold, silver, US Natural Gas, and US Crude. The minimum lot is 0,01 for all the commodities except for US Natural Gas - 0,1 and the maximum Darwinex leverage is 1:10.
Here you can choose between Nasdaq and NYSE.
The first one has around 70 companies stocks as I see, and the minimum lot is 0,01 for all the Darwinex stocks. And the second one definitely has more companies stocks, and the minimum lot is the same. The maximum Darwinex leverage is 1:5 everywhere.
With Darwinex crypto the choice is not so big as well. You can trade Bitcoin Cash, Bitcoin, Ethereum, Litecoin, and Ripple. The minimum lot is different for every crypto coin and the maximum Darwinex leverage is 1:2.
Deposits and Withdrawals
You can deposit to your account and withdraw the money via bank transfers, credit or debit cards, and e-payments.
Here you can deposit in EUR, USD, and GBP. The Darwinex minimum deposit is 500 conventional units and fees depend on your bank.
You can withdraw in EUR, USD, and GBP. There are no limitations in withdrawals and fees depend on your bank and Darwinex bank.
With cards, you have a Darwinex minimum deposit of 500 USD/EUR/GBP. There is a maximum deposit of 10,000 conventional units. And there are no fees.
You can withdraw in EUR, USD, and GBP as in any payment service and the maximum withdrawal is 10,000 units. Fees are 1% from your withdrawal amount but a minimum is 2 EUR/ USD/ GBP.
E-Payments | Trustly
You can deposit a minimum of 500 units that are acceptable by Trustly without fees. The maximum deposit is 10,000 units.
Currencies of withdrawals are the same as above and there are no limitations as well. Fees are fixed - 3 EUR/USD/GBP.
E-Payments | Skrill
The payments through this service are made in EUR, USD, and GBP. The Darwinex minimum deposit is the same - 500 units, but the maximum deposit is 5,000 units. Remember that the fees are 0,5 from your deposit, so 2,5 units minimum.
You can withdraw a maximum of 5,000 USD/EUR/GBP with 1% fees but not less than 2 EUR/GBP/USD.
I hope this Darwinex review was useful to you.
I see that Darwinex MT4 is a good and reliable broker offering a lot of different trading features for newcomers and professional users.
All the important info is available on the website, but if you will not find something you are interested in, you can contact the Darwinex customer service or visit Darwinex Reddit to know the opinion of users.