Broker Review: Darwinex

Darwinex is a Forex and CFD broker that is registered and regulated by the FCA. They have a registered address in the UK. They are one of the newer brokers in the industry but they are perhaps one of the better retail brokers available. They pride themselves on their ability to provide a transparent service and a user-friendly social trading platform.

What I like about Darwinex...

They are a ECN broker


I have traded with and reviewed a number of CFD brokers and spread betting providers. Though these sort of brokers have their place, nothing beats an ECN broker if you are truly serious about trading Forex. Darwinex offer tight spreads and a competitive commission. Standard, mini and micro lots are available.

They keep things simple

It's easy to deposit cash. It's easy to withdraw cash. It's easy to open an account. It's easy to start trading. It's easy to access the social trading feature. Darwinex offer a very straightforward trading experience. They offer MetaTrader 4 and keep things simple. Trading with Darwinex is stress-free and I have never had any technical issues.

They are FCA regulated

Darwinex are registered and regulated by the FCA.

Their customer service is top-notch

Darwinex give-off an impression of transparency. You can view all of their employees on-line and read about the background of the companies board of directors. Their customer service team is quick to respond to emails and is super-friendly and resourceful. I have yet to deal with any broker customer service team as good as the team at Darwinex.

They offer social trading

Their social feature allows you to track the performance of your own trading accounts. At the click of a button, you can view your draw-down percentage, your overall return, the amount of weeks you have been profitable, your win to loss rate and other useful information. You can share this information with other traders at Darwinex and view their performance records also. Like a trader's performance? Once again, at a click of a button you can assign capital to automatically follow their trades.

Hedging

You can hedge positions using their MT4 platform. You can also close part-positions.

What I don't like about Darwinex...

I honestly cannot think of anything.

Summary

I highly recommend Darwinex. They are perhaps the best retail broker that I have used and reviewed to date.

To open an account with Darwinex, please use this link.