Dumb Little Man

Darwinex Zero Review with Rankings 2024 By Dumb Little Man

Overall Rating

Overall Ranking

Trading Terminals

3.3

3.5/5

19th

Evaluation Criteria

The expert team at Dumb Little Man, which includes financial experts and seasoned traders, is known for its thorough reviews of proprietary trading firms. They use a detailed algorithm and rigorous review methods to evaluate brokers on key factors, ensuring their reviews are well-rounded. These factors include:

  • Quick and helpful customer support
  • Swift access to funds
  • Strong security for finances and information
  • Adherence to fair trading standards
  • Realistic trading goals
  • Equitable profit sharing

In their examination of OFP Funding, Dumb Little Man has found the firm to excel in these areas. OFP Funding doesn't just meet these crucial criteria; it exceeds them, offering extensive brokerage knowledge and comprehensive support for traders. This recognition positions OFP Funding as a distinguished prop trading firm in the marketplace.

If you are new to the world of trading, “prop firms” or proprietary firms are companies that provide traders their own capital in return for a percentage of the profit. When joining, prop firms, traders will manage investor capital. This can be a great way for new traders to develop their trading talent and skills and gain experience to be successful traders.

Darwinex Zero champions itself by offering transparent, safe, and cost-friendly trading strategies and services. It is committed to giving traders with fair, and secure trading journey and environment, alongside their provided instructional information; all while maximizing investment returns.

To give Darwinez Zero an unbiased and fair opinion, experts at Dumb Little Man did thorough research, based on first-hand experience. This will provide readers with a better understanding of this prop firm, allowing traders to make informed decisions as they plan to trade using this platform.

What is Darwinex Zero?

Darwinex Zero is a platform under Darwinex and is made to support beginning traders. It allows beginners to practice their skills and try them on the actual market against other traders using investor capital. Darwinex is also a virtual trading account, which traders can use as an edge if they want to build their confidence and get ready to handle investor capital and cash responsibly.

Darwinex Zero wants to pay traders according to their accomplishments. When traders generate profits for investors, they keep a percentage of the gains, which motivates them to employ more effective trading strategies and risk management. It’s a place that promotes the development of profitable, long-term trading habits using only investor capital.

With a presence in over 80 countries, Darwinex is a well-known brand in the trading industry. It rebranded itself as Tradeslide Trading Tech Limited in 2012, and since then, it has rapidly expanded and become more well-known among online brokers.

A significant turning point was the introduction of Darwinex’s proprietary asset, DARWIN (Dynamic and Risk Weighted Investments), in 2017. Because of this invention, the company’s income grew and its reputation within the industry was enhanced.

A large selection of trading instruments, such as indices, stocks, cryptocurrencies, and FX, are available at Darwinex. It makes direct market access possible through popular platforms like MT4 and MT5.

Pros and Cons of Darwinex Zero

Pros

Cons

Safety and Security of Darwinex Zero

Under the trading name Tradeslide Trading Tech LTD, Darwinex Zero is a company regulated and overseen by the Financial Conduct Authority (FCA) of the United Kingdom. The FCA has assigned it reference number 586466. Because of a MiFID passport, this rule is applicable throughout the European Union and guarantees adherence to stringent financial standards.

As a participant in the Financial Services Compensation Scheme (FSCS), the platform offers investors a safety net of up to £85,000 in the case of insolvency. Darwinex Zero also goes above and above the standard by providing a supplementary insurance policy that protects FSCS-eligible customers for a maximum of £5,000,000 apiece.

With features like negative balance protection and fund segregation, Darwinex Zero prides itself on being one of the safest platforms on the market when it comes to safety and security. To prevent misuse, customer deposits are kept apart from business cash and are subject to regular audits.

These results, which were carefully examined by Dumb Little Man, demonstrate Darwinex Zero’s reputation as a trustworthy option for traders who place a high priority on investment security.

Darwinex Zero Bonuses and Contests

Darwinex Zero does not currently offer any perks or competitions. But products might change, so it’s a good idea to monitor any upcoming Darwinex upgrades for any updates that might be made.

Darwinex Zero Customer Reviews

Darwinex Zero has received conflicting reviews; as of right now, it has a 3.3-star rating on Trustpilot, which is below average. Martin and Olivera, two seasoned traders, commend the business for its honesty and dependability while stressing profitable investments and favorable experiences with trading journey and circumstances and customer service.

Mick, on the other hand, is not happy about things like a 1% withdrawal fee and less leverage on commodities, claiming that they don’t meet industry norms. The variety of user experiences with Darwinex’s services is reflected in this spectrum of evaluations.

Darwinex Zero Commissions and Fees

Darwinex Zero offers a trading platform that eliminates the need for traders to make personal investments. Rather, traders pay a 95€ one-time cost and a 38€ monthly subscription (VAT included). Every month on the 25th, these payments are automatically deducted from the card linked to the subscription.

The first registration price includes one month of DarwinIA SILVER participation after the DARWIN is founded, in addition to the calibration period that takes place before a DARWIN is created. The trader’s DARWIN is automatically produced and entered into DarwinIA SILVER after they have accumulated enough experience.

The cost of the monthly subscription can be covered by credit card or, if available, performance fees that have been earned but not yet withdrawn. A single subscription is permitted for each Zero account, although traders can reset their account for 65€, which is less expensive than creating a new one.

Like a new account, this reset includes initial DarwinIA SILVER participation.

You can cancel your subscription at any time, and your access will continue until the end of the current billing cycle. Cancellation must happen by the 25th to avoid fees for the next month. Resuming a membership after cancellation necessitates a reset and a new trading account, both of which come with a 65€ reset price.

Darwinex Zero Account Types

For now, traders can only choose 2 of the 3 account types as Futures on MT5 are still not available in Darwinex Zero.

However, Forex & CFDs on MT5 and Forex & CFDs on MT4 have the same sign-up and monthly fees. What they differ on is the web terminal, and what assets users can only trade with them as stated below:

Forex & CFDs on MT5

Forex & CFDs on MT4

Opening a Darwinex Zero Account

Starting a Zero account with Darwinex is a straightforward process. Here are the steps simplified:

  1. Begin Registration: Enter your email, username, and country of residence on the registration form.
  2. Choose Account Type: Pick the trading accounts that fit your trading preferences and the assets you’re interested in.
  3. Provide Information: Fill in basic personal details and credit card information for the initial payment.
  4. Payment Confirmation: Once your payment is successful, you’ll be prompted to create a secure account password.
  5. Receive Credentials: Check your email for an email from Darwinex with your new trading account details.
  6. Set Password: Follow the instructions to set your account password.
  7. Account Activation: With your password set, your accounts are now active and ready for use.
  8. Start Trading: You’re all set to begin trading and to engage in the initial training phase before your DARWIN is created and you participate in DarwinIA SILVER.

Darwinex Zero Customer Support

The extensive ecosystem created by Darwinex Zero, which aims to support and streamline every facet of a trading career, demonstrates the company’s dedication to trader growth. The whole platform’s infrastructure—from customer support to technology—is designed to support traders’ success.

Dumb Little Man’s account of his interaction with Darwinex Zero’s Customer Success Team presents an upbeat group of experts prepared to handle any issues with the service. To ensure they obtain the support they need promptly, traders are encouraged to email the team for assistance.

Advantages and Disadvantages of Darwinex Zero Customer Support

AdvantagesDisadvantages
Dedicated to trader success

Comprehensive support infrastructure

Accessible and responsive Customer Success Team

Email support available for queries

No live chat option

Darwinex Zero Withdrawal Options

Simple and adaptable withdrawal alternatives are provided by Darwinex Zero, according to a trading expert at Dumb Little Man. Traders can request withdrawals of performance fees immediately from the platform’s interface, with a minimum amount of €100.

Though Darwinex Zero seeks to serve a worldwide clientele, dealers should be aware that payments can be prohibited in some areas. As such, recipients need to be ready to accept money in USD, GBP, or EUR.

The trader has the burden of verifying their ability to accept these currencies and arranging for any necessary payments to be made in one of the supported currencies.

Darwinex Zero Challenges and Difficulties

A few significant obstacles that may affect a trader’s experience and trading strategy can arise when using Darwinex Zero. In-depth market study is made more difficult for traders in the lack of sophisticated trading instruments, which could hinder their capacity to make well-informed trades and become a good broker.

Additionally, there’s a significant void in on-platform learning. Without a dedicated study or learning area on Darwinex Zero, novice traders or those seeking to advance their skills may find it challenging to enhance their trading technique and knowledge.

For less seasoned traders, this dearth of training materials may slow down the learning curve. It is up to the traders to identify the underlying strategy to succeed in this platform since they can’t also have expert advisors.

The lack of swap-free accounts may prevent traders who follow Islamic financing from utilizing Darwinex Zero at all. They can be compelled by this restriction to look for platforms that provide accounts in line with Islamic banking guidelines.

Furthermore, because all retail accounts have identical trading conditions and benefits and provide limited opportunity for personalization depending on individual trading styles or preferences, traders who like a choice of account kinds may find Darwinex Zero’s services restricting.

Logistical problems may arise from the withdrawal procedure as well, especially for individuals residing in areas where Darwinex Zero does not provide payment services in the local currency. It would be the responsibility of traders to make sure they are capable of handling transactions in the supported currencies, which may entail extra banking steps and conversion fees.

How to Pass the Darwinex Zero Evaluation Process

The strict parameters of the Darwinex Zero evaluation procedure make it a demanding test of trading ability and discipline. A strong foundation in trading ideas and methods is essential to properly traverse this.

This foundation can be given via an organized training program, which will give both aspiring and experienced traders the skills and information they need to meet and surpass the evaluation’s obstacles and greatly increase their chances of success.

Asia Forex Mentor – Rated Best Comprehensive Course Offering by Investopedia

One of the best learning environments for traders taking on the Darwinex Zero challenge is Asia Forex Mentor. Supported by Dumb Little Man’s experienced traders, it has a track record of effectively assisting traders in navigating the demanding prop company evaluation procedures.

Asia Forex Mentor was established by renowned forex trader Ezekiel Chew and is a comprehensive teaching method rather than just a course. The goal of Chew’s One Core Program is to teach traders how to make money in the markets in addition to how to navigate them.

Chew has created Asia Forex Mentor as a platform for imparting his vast expertise, drawing from his more than two decades of trading experience and evident aptitude for instruction.

His instruction began with requests from individuals and has now expanded online to a global audience, all the while maintaining focus on its primary goal of turning traders into experts.

How Could Asia Forex Mentor Help You Pass the Darwinex Zero Challenge?

Photo: asiaforexmentor.com

Asia Forex Mentor has established itself as a prominent figure in the forex education industry, garnering recognition for its ability to adequately equip traders for obstacles such as Darwinex Zero‘s assessment procedure.

Asia Forex Mentor’s One Core Program has been acknowledged for its breadth and depth, earning honors from Investopedia for the Best Comprehensive Course Offering. This makes it a top option for traders looking to gain substantial market expertise.

Its applicability for traders of all skill levels is further evidenced by Benzinga’s designation of it as the Best Forex Trading Course for novices.

In addition, the fact that Asia Forex Mentor was named the greatest Forex mentor by Best Online Forex Broker in 2021 emphasizes its ability to help students make substantial profits in the Forex market.

The techniques and systems provided by Asia Forex Mentor can give traders the tools they need to successfully traverse and pass the Darwinex Zero challenge, as evidenced by the platform’s and traders’ continual high rankings and acclaim.

Asia Forex Mentor Members’ Testimonials

Asia Forex Mentor‘s One Core Program participants have continuously complimented Ezekiel Chew’s course for its depth and comprehensiveness. They draw attention to the straightforward yet comprehensive teaching approach, the original ideas and trading techniques offered, and the motivational material that incorporates Ezekiel’s trading adventure.

Many people consider it to be superior to other courses because of its thorough teaching of risk management, trade psychology, and the fundamentals of trading. Even for those with past expertise, users like Nehal, Ann, and Mariel praise the program because of its great value and the noticeable improvement it brings to trading skills.

>> Also Read: Asia Forex Mentor Review By Dumb Little Man

Conclusion: Darwinex Zero Review

Darwinex Zero is a prop trading company that has a lot to offer, especially in terms of financial security and regulatory compliance, according to the examination of Dumb Little Man experts. The company’s dedication to protecting trader interests is demonstrated by its affiliation with the Financial Conduct Authority and the additional insurance coverage that goes above and beyond the standard FSCS limit.

Furthermore, a democratic approach to trader participation is shown in the platform’s transparency and the equitable trading conditions it offers across its many account kinds. However, traders who require a more globally accessible and prompt response can find the restricted geographical reach and reliance on email for customer service requests unsatisfactory.

These elements are crucial when evaluating Darwinex Zero’s overall effectiveness for potential consumers, particularly because trading conditions might alter quickly and demand immediate assistance as well as worldwide accessibility.

Traders considering Darwinex Zero might find Asia Forex Mentor’s One Core Program beneficial. The program’s detailed guidance could enhance their trading skills and confidence, helping to maximize Darwinex Zero’s opportunities and mitigate its limitations.

Darwinex Zero Review FAQs

Are all account types currently available at Darwinex Zero, and how do they differ?

Darwinex Zero offers two account types: Forex & CFDs on MT5 and Forex & CFDs on MT4, as the Futures account on MT5 is not yet accessible. Both have identical fees but vary in their web terminal features and tradable assets; MT5 includes US stocks and ETFs, while MT4 does not.

How does Darwinex Zero ensure the safety and security of my investments?

Darwinex Zero is under strict regulations, financially and ethically as it is under the supervision of the Financial Conduct Authority (FCA) and Financial Services Compensation Scheme (FSCS). These organizations offer up to £85,000 per investment for additional security, and additional policies for up to £1,000,000 for retail clients.

Are there any fees or commissions I should be aware of when trading with Darwinex Zero?

Trades can be charged 0.2% for using eWallets and 1% for withdrawals, but aside from that, Darwinex Zero does not have hidden fees and they are transparent in terms of fees and commissions. Everything that you will have to pay is stated in the terms of the agreement.

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