Darwinex Copy Trader Review – Compare Leading Copy Trading Service Providers 2023

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On this page, you will find a profile of Darwinex Copy Trader. For more reviews on a wide range of copy trading service providers, check out the complete list here.

Darwinex competes in the social and copy trading field, although the broker has a slightly different approach to it. If you join Darwinex as an investor, you won’t be able to monitor and follow the traders or strategies directly. Instead, you can buy or sell something called Darwin.

Darwin stands for Dynamic Asset and Risk Weighted Investment, and investors can trade them as they would trade stocks, for example.

This Darwinex review is created with investors’ needs in mind. We look at what Darwinex offers, how you can register an investor and the pros and cons of choosing Darwinex.

Darwinex Overview

Darwinex was launched in 2014 as a beta version for invite-only users and, from 2015, became an open platform for both traders and investors to join in. The company’s creators are three industry experts from Spain – Juan and Javier Colón Bolea and Miguel Angel Gonzalez.

Their concept is based on the idea of social and mirror trading but with a different approach. Therefore, before we continue with this Darwinex review, let shed a bit more light on what exactly Darwinex is.

Most of the social and copy trading platforms present investors with a list of top traders or various strategies. You can monitor, follow and copy their trades to your account.

With Darwinex, on the other hand, you will not receive direct access to traders. Instead, you are presented with a list of Darwins. Behind Darwins are the top traders, and each time a trader opens or close a trade in a particular asset, Darwinex place the trade-in that asset on behalf of the investors.

As an investor, you can buy and sell these Darwins the same way you buy or sell stocks or shares.

How Can You Sign In?

We started our review from the sign-in process. In differ to other social trading platforms where you can create a profile using Google or Facebook account, at Darwinex, you need to go through their landing page. Pay attention if you’re signing in the form as a trader or investor as they have the same outline and might be mistaken.

Pros and Cons

Our review showed that Darwinex is relatively easy to navigate. You have a list of Darwins you can select and add to your portfolio. However, keep in mind that there is a minimum investment level on each Darwin of 200 EUR, USD or GBP.

One of the platform’s downsides is the inability to review it as a visitor. That could hinder your decision whether you would like to join. Still, you can get more information from their free webinars or set up a demo account that will help you get an idea about how Darwinex work.

If you have used other social and copy trading platforms, you have probably used the idea of connecting with traders or other investors. Darwinex lacks this aspect of social trading as they have a different concept.

Another issue we noticed is that Darwinex does not share Darwins’ trader history as the company protects them as intellectual property of the traders. Still, we believe this information is essential as it supports your decision as an investor and would prefer to be shared.

Here is a list of all Pros and Cons of joining Darwinex

Pros

► Desktop and mobile version; Darwinex platform is available as an application for both Android and iOs users

► Simple concept with easy to navigate interface

► Good FAQ section, lots of educational resources

Cons

► No contact with the leading traders

► High initial deposit, starting from 500 EUR, USD and GBP when opening an account

► No trading history of the Darwins

Is Darwinex A Scam?

No, Darwinex is a legit company. Their headquarters is in the UK, and the company complies with FCA’s regulations (UK). Additionally, investors enjoy FSCS (UK) capital protection up to GBP 50,000.

Summary

Darwinex has a slightly different concept of social trading. Still, it is appealing to novice traders as it offers straightforward actions – buys or sells Darwins. On the other hand, our Darwinex review showed that the lack of historical data on the Darwins might be a stopping point for many investors as it obstructs their decision-making process.