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Do you want to know which is the better broker between Darwinex and CWG Markets ?
In the table below, you can compare the features of Darwinex , CWG Markets side by side to determine the best fit for your needs.
EURUSD:0.1
EURUSD:1.4
EURUSD:7.88
XAUUSD:27.84
EURUSD: -8.05 ~ 2.28
XAUUSD: -45.45 ~ 28.24
EURUSD:-0.8
EURUSD:-3.1
EURUSD:8.93
XAUUSD:26.76
EURUSD: -5.44 ~ 1.29
XAUUSD: -27 ~ 13.13
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of darwinex, cwg-markets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Darwinex | Basic Information |
Founded in | 2012 |
Headquarters | London, United Kingdom |
Regulation | FCA |
Minimum Initial Deposit | $500 |
Demo Account | Yes |
Asset Classes | Forex, CFDs, Stocks, Futures |
Trading Platforms | MT4, MT5 |
Social/Copy Trading | Yes |
Maximum Leverage | 1:200 |
Minimum Spread | 0.0 pips |
Commission | From $5 per lot |
Payment methods | Bank transfers, Credit/debit cards, Skrill, Neteller |
Customer support | Live chat, Email support, Phone support |
Darwinex is a UK-based financial services firm that offers a range of investment and trading services to clients. The company was founded in 2012 and is regulated by the Financial Conduct Authority (FCA) in the UK. Darwinex is known for its unique trading platform that allows traders to develop and sell their trading strategies to other investors.
Darwinex offers a range of trading instruments, including forex, commodities, indices, and shares, which can be traded on its proprietary trading platform, as well as on MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The company offers both fixed and variable spreads, with the latter starting from 0.0 pips. Darwinex does not charge any commissions on forex trades.
Darwinex offers several account types to cater to the different needs of traders, including a Standard Account, a Professional Account, and a Corporate Account. The Standard Account has a minimum deposit requirement of €500 and offers leverage of up to 1:30 for forex trading.
Darwinex is a legitimate and regulated broker. It is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom, and it also holds an MiFID (Markets in Financial Instruments Directive) passport for the European Union. Additionally, Darwinex uses segregated bank accounts to hold client funds, which provides an extra layer of security for traders. However, as with any broker, it is important for traders to conduct their own due diligence and research before opening an account with Darwinex or any other broker.
Darwinex offers a range of trading instruments in various asset classes, including:
Forex currency pairs: Darwinex provides access to major, minor, and exotic currency pairs. Some popular pairs include EUR/USD, GBP/USD, USD/JPY, and AUD/USD.
Stock CFDs: Darwinex allows trading on a variety of popular stock CFDs, including Amazon, Apple, Facebook, Google, and Tesla, among others.
Commodity CFDs: Traders can also access commodity CFDs such as gold, silver, oil, and natural gas.
Index CFDs: Darwinex provides trading on popular index CFDs, such as the US30, UK100, and GER30.
ETFs: Darwinex also allows trading on a selection of ETFs, including SPDR S&P 500 ETF, iShares MSCI Emerging Markets ETF, and iShares Core S&P 500 ETF.
Darwinex provides its clients with the flexibility to choose from three different types of accounts, each designed to cater to specific needs. The first account type is designed for traders who are more involved in the day-to-day activities of the market. The second and third account type, on the other hand, is designed for investors who prefer to take a more hands-off approach and let their investments grow over time. The minimum deposit to open either account is $10,000.
Pros | Cons |
Classic account allows trading with low spreads and no commission | Limited leverage available on Classic account |
DarwinIA eligibility to earn performance fees on DARWINs | Performance fees on DARWINs |
Personalized default leverage up to 1:200 for professional traders | No negative balance protection on Classic account |
Unlimited trading accounts for traders and investors | High minimum deposit of $500 |
Ability to switch between MT4 and MT5 trading platforms | Only two account types available |
Stocks DARWIN account provides access to commission-free stocks trading | High commission on Futures DARWIN account |
Futures DARWIN account provides access to futures trading with low margin requirements | Limited futures trading instruments available |
Visit the Darwinex website and click on the “Open a live account” button.
Fill out the registration form with your personal information, such as name, email, phone number, and address.
Select the account type you want to open, either Classic, DARWIN or MetaTrader, and choose the currency of your account.
Complete the verification process by providing a copy of your ID and proof of address. You can upload the documents through your account dashboard.
Choose your preferred deposit method and fund your account with a minimum deposit of $500.
Download and install the trading platform of your choice, either MT4 or MT5.
Start trading by placing your first order.
Darwinex offers varying levels of leverage to suit the needs of different traders. The maximum leverage available for forex trading is 1:200, while for stock trading it is 1:20. However, it's important to note that leverage can be a double-edged sword and while it can magnify potential profits, it can also magnify potential losses. Therefore, traders should exercise caution and use appropriate risk management strategies when trading with leverage. Darwinex also offers negative balance protection, ensuring that traders do not lose more than their account balance in the event of significant market movements.
Darwinex operates a variable spread model, meaning that the spread on its trading instruments may vary depending on market conditions. The spread is the difference between the bid and ask price of a trading instrument, and it represents the cost of trading with the broker. The typical spreads offered by Darwinex are competitive, and they start from as low as 0.5 pips on major currency pairs such as EUR/USD.
In terms of commissions, Darwinex charges a commission on trades executed on its MT4 and MT5 trading platforms. The commission charged depends on the type of account and the trading instrument being traded. For example, on the Classic account, the commission charged on forex trades is 0.0035% of the notional value of the trade, with a minimum commission of 2.5 units of the account currency. On the other hand, the commission charged on stocks trades on the DarwinIA account is 0.1% of the notional value of the trade, with a minimum commission of 4 units of the account currency.
Darwinex charges a few non-trading fees, such as inactivity fees and withdrawal fees. The inactivity fee is charged when the account has been inactive for more than 60 days and amounts to €/$/£ 36 per month.However, the inactivity fee is waived for clients with a balance of €500 or more. It is important to note that the inactivity fee may be subject to change, and clients are advised to check the Darwinex website for the latest information on fees and charges.The withdrawal fee varies depending on the payment method, and the minimum withdrawal amount is set at €/$/£ 100.
Darwinex offers its clients two popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available in desktop, web, and mobile versions, providing traders with the flexibility to choose the platform that best suits their trading needs and preferences.
MetaTrader 4 is one of the most widely used trading platforms in the industry, known for its user-friendly interface and advanced charting capabilities. MT4 supports multiple order types and trading strategies, as well as the use of automated trading systems, also known as Expert Advisors (EAs). Traders can access a range of technical indicators and charting tools, as well as real-time news and market analysis. MT4 also provides a secure and stable trading environment, with fast and reliable trade execution.
MetaTrader 5 is the successor to MT4 and is considered to be an even more advanced platform, with additional features and capabilities. Like MT4, it also supports multiple order types and trading strategies, as well as the use of EAs. MT5 offers more advanced charting tools, with additional timeframes and more technical indicators. It also supports more types of pending orders, including Buy Stop Limit and Sell Stop Limit. Additionally, MT5 provides a built-in economic calendar and a customizable news feed, allowing traders to stay up-to-date with the latest market news and events.
Here is a comparison table of the trading platforms offered by Darwinex, Exness, and IC Markets:
Trading Platform | Darwinex | Exness | IC Markets |
MetaTrader 4 | ✓ | ✓ | ✓ |
MetaTrader 5 | ✓ | ✓ | ✓ |
cTrader | ✗ | ✗ | ✓ |
WebTrader | ✓ | ✓ | ✓ |
Mobile Trading | ✓ | ✓ | ✓ |
Social Trading | ✓ | ✗ | ✗ |
API Trading | ✓ | ✓ | ✓ |
VPS Hosting | ✓ | ✓ | ✓ |
Darwinex offers several deposit and withdrawal methods for its clients. The available deposit methods are Bank transfer, Visa, Mastercard, Skrill, and UnionPay. It's worth noting that deposits made by bank transfer may take longer to process compared to other deposit methods.
When it comes to the minimum deposit requirement, Darwinex may not be the most cost-effective option in the market as it requires a minimum deposit of $500, which can be perceived as relatively high compared to some of its competitors in the industry. However, it is worth noting that the minimum deposit amount varies among brokers and is often influenced by various factors such as the type of account, the trading platform, and the financial instruments offered.
Broker | Minimum Deposit |
Darwinex | $500 |
IG | $0 |
Saxo Bank | $10,000 |
eToro | $50 |
Plus500 | $100 |
AvaTrade | $100 |
When it comes to withdrawals, Darwinex processes them through the same deposit method used. There are no fees charged for withdrawal requests, but it's worth noting that the receiving bank or payment provider may apply their own fees. Darwinex does not charge any inactivity fees, which is a plus for traders who may not be active in their accounts for a certain period of time.
Pros | Cons |
Multiple deposit options, including bank transfers, credit/debit cards, Skrill, and UnionPay. | High minimum deposit requirement of $500. |
Fast and secure deposit processing. | Withdrawal fees for some methods. |
No deposit fees. | Limited withdrawal options compared to other brokers. |
No withdrawal fees for the first 30 days of each calendar month. | Only one free withdrawal per month. |
Additional security measures, such as two-factor authentication and segregated client accounts. | Withdrawal processing times may take longer than other brokers. |
Darwinex offers several customer support channels to its clients. The broker provides customer support in English and Spanish through email, phone, and live chat.
Clients can reach out to Darwinex's customer support team through email at support@darwinex.com. The broker also has a phone line that clients can use to contact customer support during market hours. Additionally, clients can get in touch with Darwinex's support team through live chat, which is available on the broker's website.
Darwinex also has an extensive FAQ section on its website, which covers a range of topics such as account opening, funding and withdrawals, trading, and more. The broker's website also features a knowledge base that clients can use to learn about various aspects of trading and investing.
Darwinex offers a range of educational resources to help traders develop their skills and knowledge. They provide regular webinars, articles, and trading guides covering a range of topics such as trading psychology, risk management, technical analysis, and more. They also offer a blog where traders can keep up to date with the latest market news and analysis.
In addition, Darwinex has a community section where traders can share ideas and interact with each other. This provides a platform for traders to learn from each other, share experiences, and get support from the community.
Darwinex is a regulated online broker that provides access to a range of financial instruments, including forex, stocks, and futures. The broker offers a choice of trading platforms, including MT4 and MT5, and competitive spreads and commissions. However, the minimum deposit requirement of $500 may be considered high compared to some other brokers, and the range of payment methods is limited. Darwinex also offers some educational resources and customer support in multiple languages, although some traders may find these to be limited. Overall, Darwinex may be a suitable choice for experienced traders looking for a range of instruments and competitive trading conditions, but beginner traders may find the broker's high minimum deposit and limited educational resources challenging.
Q: What is Darwinex?
A:Darwinex is a UK-based online broker that provides access to forex, stock, and commodity markets. It also offers social trading services where traders can buy and sell trading strategies.
Q: Is Darwinex regulated?
A:Yes, Darwinex is regulated by the Financial Conduct Authority (FCA) in the UK.
Q: What trading platforms does Darwinex offer?
A: Darwinex offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
Q: What account types are available at Darwinex?
A:Darwinex offers three types of accounts, including Classic, Stocks Darwin and Futures Darwin.
Q: What is the minimum deposit required to open an account at Darwinex?
A:The minimum deposit required to open a Classic account is $500.
Registered in | United Kingdom |
Regulated by | FCA, VFSC (Offshore) |
Year(s) of Establishment | 2-5 years |
Trading Instruments | Foreign exchange, precious metals, crude oil, global hot stocks, stock indexes, futures, spots and other CFDs |
Minimum Initial Deposit | $10 |
Maximum Leverage | 1:1000 |
Minimum Spread | 0.0 pips onwards |
Trading Platforms | MT4, MT5 |
Deposit & Withdrawal Method | VISABPAYUnionPayPOLi®PayPal Skrill NETELLER TasapayBANKTRANSFERmastercard |
Customer Service | Email/phone number/address/live chat |
Fraud Complaints Exposure | Yes |
CWG Markets is a regulated international broker offering a diverse range of CFD trading instruments, including forex, indices, commodities, and futures. With a focus on trust and security, the platform provides global traders with access to competitive spreads, advanced trading technology, and multilingual support.
Pros | Cons |
User-friendly interface | Occasional technical issues |
Diverse range of trading options | Limited payment options |
Access to various markets | Inactivity fee charges for dormant accounts |
Availability of educational resources | Limited research and analysis tools |
Spread from 0 pips | Limited options for account types |
Multi-platform compatibility | Limited educational resources for advanced traders |
Demo account available for practice |
Is CWG Markets Legit?
According to the information provided, CWG Markets is regulated by two different authorities:
2. Vanuatu Financial Services Commission (VFSC): CWG Markets Ltd is also licensed by the Vanuatu Financial Services Commission. Their license number is 41694, and they hold a Retail Forex License under the offshore regulation.
Foreign exchange, precious metals, crude oil, global hot stocks, stock indexes, futures, spots and other CFDs .....CWG Markets allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on CWG Markets.
Forex: CWG offers a range of forex instruments, including major currency pairs such as EURUSD, AUDUSD, GBPUSD, USDCHF, USDJPY, and USDCAD. These instruments allow traders to speculate on the exchange rate fluctuations between different currencies. The forex market is the largest and most liquid market globally, providing opportunities for traders to engage in currency trading.
CFD Stock: CWG provides Contract for Difference (CFD) instruments on various stocks. These CFDs allow traders to speculate on the price movements of individual stocks without owning the underlying asset. Some of the stocks offered by CWG include ADBE (Adobe Inc), AMZN (Amazon.com Inc), ATVI (Activision Blizzard Inc), BIDU (Baidu Inc), PEP (PepsiCo Inc), C (Citigroup Inc), COP (ConocoPhillips), DAL (Delta Air Lines Inc), DELL (Dell Technologies Inc), JPM (JPMorgan Chase & Co), and F (Ford Motor Co).
Precious Metals: CWG offers trading instruments on precious metals like XAGUSD (Silver) and XAUUSD (Gold). These instruments allow traders to speculate on the price movements of these precious metals. Precious metals are often considered as safe-haven assets and can serve as a hedge against inflation or economic uncertainties.
Energy: CWG provides trading instruments related to energy markets. UKOIL (Brent Crude Oil) and USOIL (WTI Crude Oil) are offered by CWG. These instruments allow traders to participate in the price movements of these energy commodities, which are influenced by factors such as supply and demand dynamics, geopolitical events, and global economic conditions.
Indices: CWG offers trading instruments based on various global stock indices. These indices represent the performance of a group of stocks from specific regions or sectors. Some of the indices available for trading include DE30 (Germany 30), FR40 (France 40), ES35 (Spain 35), EU50 (Euro Stoxx 50), HK50 (Hong Kong 50), JP225 (Japan 225), and US500 (US 500). Traders can speculate on the overall performance of these indices without directly owning the underlying stocks.
Commodity Futures: CWG provides trading instruments on commodity futures. These instruments allow traders to speculate on the future price movements of commodities like UK100NGAS (UK Natural Gas), COPPER, and USOIL (Crude Oil). Commodity futures trading involves predicting the price direction of these commodities and taking positions accordingly.
The Rapid Account has a spread of 2.2 pips and no commission, while the Standard Account offers a spread of 1.5 pips with no commission.
The Premium Account features a spread of 0.0 pips and a $3 commission per side, and the Institutional Account also has a spread of 0.0 pips with a $1.5 commission per side, with all accounts offering Islamic options with no overnight interest.
CWG Markets offers four account types:
All accounts are available in GBP, EUR, USD, offering Islamic options with no overnight interest and a liquidation ratio of 50%.
To open an account with CWG Markets, you can follow these steps:
3. Fill in personal information: Provide the required personal information, including your full name, email address, phone number, and country of residence. In this case, since you are from the United States, select the United States as your country.
4. Phone Number: Enter your phone number accurately as requested.
5. Email Verification: You will receive an email verification code to the email address you provided. Check your inbox and enter the verification code in the appropriate field on the registration page.
6. Set Password: Create a password for your CWG Markets account. The password should be between 8 to 15 characters and must contain both uppercase and lowercase letters. Make sure to choose a strong and secure password that you can remember.
7. Complete the registration: After setting your password, review the terms and conditions, and any other relevant information provided by CWG Markets. If you agree to the terms, click on the “Register” or “Sign Up” button to complete the registration process.
8. Account Verification: Depending on the requirements of CWG Markets, you may need to verify your identity and provide additional documents to activate your account fully. Follow the instructions provided by CWG Markets to complete the verification process if necessary.
Trading platforms offered by CWG Markets:
2. CWG MetaTrader 5: MetaTrader 5 is another industry-leading trading platform offered by CWG Markets. It is chosen by banks and traders from over 30 countries. Traders can download and install the platform on their Windows devices to access a wide range of trading instruments. MetaTrader 5 provides enhanced trading features, improved charting tools, and advanced order execution options. Additionally, CWG Markets offers the MetaTrader 5 app for Android and iOS devices, allowing traders to trade on the go.
Pros | Cons |
User-friendly interface | Limited platform options (only MetaTrader 4 and MetaTrader 5) |
Comprehensive trading tools | Limited customization options |
Real-time market quotes | Potential learning curve for beginners |
Advanced charting capabilities | May require additional resources for running smoothly |
Multiple order types and execution models | Limited platform-specific features |
Accessible from various devices | Possible occasional technical issues |
CWG Markets provides traders opportunities to use leverage as large as 1:1000.
CWG Markets offers a variety of payment options, including VISA, Mastercard, PayPal, Skrill, NETELLER, BPAY, UnionPay, POLi®, Tasapay, and bank transfers, providing customers with flexible and convenient ways to fund their accounts and execute trades.
The customer support of CWG Markets is available to assist traders with their inquiries and concerns. Here are the details regarding their customer service:
Language: The customer support is available in English.
Service Hours: The service hours for customer support are from Monday to Friday, 07:30-01:00 (GMT +8).
Email: Traders can reach out to CWG Markets through email at service@cwgmarkets.com for trading problems, complaints, suggestions, and account assistance. It is advised to use the registered email address and include relevant account details and questions for prompt support.
Phone: CWG Markets provides a hotline for global inquiries. The phone numbers are as follows: +44 2037699268 and +60 1800819380.
Address: The company's physical address is 1276, Govant Building, Kumul Highway, PORT VILA, VANUATU.
Social Media: CWG Markets can also be contacted through various social media platforms such as Facebook, Instagram, LinkedIn, YouTube, and Twitter.
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
CWG Markets offers a range of trading tools to enhance the trading experience of its users. These tools include:
2. Economic Calendar: The Economic Calendar provided by CWG Markets offers real-time, actionable macro-economic data. Traders can easily monitor, anticipate, and act on potentially market-moving events. The calendar allows users to track each event in real-time and provides insights into how similar events have previously affected prices.
3. PAMM/MAM Software: The PAMM (Percent Allocation Management Module) and MAM (Multi-Account Manager) software is designed for asset managers and traders who manage multiple accounts. It broadens the capabilities of the MetaTrader platform, allowing the management of multiple accounts through a single interface. This software is particularly useful for those who use Expert Advisors (EAs) for trading.
4. API Trading: CWG Markets offers API trading, which enables users to connect their trading accounts with custom-built platforms. With API integration, traders gain direct access to CWG's ecosystem, allowing for faster order execution and more control over their trading. API trading provides live market data, historical prices, and the ability to execute trades without manually searching for information from various sources.
Pros | Cons |
Powerful MT4 indicators for confident trading decisions | None |
Real-time Economic Calendar for monitoring market events | |
PAMM/MAM software for management of multiple accounts | |
API trading for direct access, faster execution, and control |
CWG Markets provides a range of educational resources to support traders in making informed decisions and enhancing their trading skills. These resources include:
Overall, the educational resources offered by CWG Markets aim to empower traders with the knowledge and insights they need to make confident trading decisions. By providing access to analysis, educational videos, trade ideas, and a glossary, traders can enhance their understanding of the markets and develop their trading skills.
In conclusion, CWG Markets is a regulated brokerage firm, authorized by the Financial Conduct Authority (FCA) in the United Kingdom and the Vanuatu Financial Services Commission (VFSC) under offshore regulation. CWG offers forex pairs, CFD stocks, precious metals, energy commodities, global indices, and commodity futures, providing traders with diverse trading opportunities. It offers multiple account types, including Islamic accounts, and provides a range of trading instruments through the popular MetaTrader 4 and MetaTrader 5 platforms.
However, some drawbacks include limited feasible payment methods, higher minimum deposits for certain account types, and the reduced WikiFX score due to complaints. Traders should also consider the offshore regulatory oversight and exercise caution before engaging in financial activities with CWG Markets.
What is the leverage ratio offered by CWG Markets?
1:100.
What are the available trading platforms at CWG Markets?
MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
What are some of the trading tools offered by CWG Markets?
CWG Markets offers a range of trading tools, including MT4 indicators for technical analysis, an Economic Calendar for monitoring market events, PAMM/MAM software for management of multiple accounts, and API trading for direct access and faster execution.
What educational resources are provided by CWG Markets?
CWG Markets provides educational resources such as video tutorials through CWG TV, daily analysis reports, technical views for price patterns and trends, personalized trade ideas, and a glossary of trading terms.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive darwinex and cwg-markets are, we first considered common fees for standard accounts. On darwinex, the average spread for the EUR/USD currency pair is -- pips, while on cwg-markets the spread is 0.0.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
darwinex is regulated by FCA. cwg-markets is regulated by FCA,VFSC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
darwinex provides trading platform including Stocks Darwin,Futures Darwin,Classic and trading variety including 200 US stocks. cwg-markets provides trading platform including Advanced account,Standard account,Institutional account,Instant account and trading variety including --.