To counterbalance, the processing times of wire transfers should speed up to about 30 seconds within a couple of banking networks in the next months. SWIFT and SEPA are at work to improve against the upcoming competition (blockchain and open ledgers). Still, the fees should remain sometimes high.
As an investor and trade leader, it's okay that more fees are passed onto the clients because Darwinex makes up for it by allowing us to generate extra revenues that will be potentially worthwile beyond our costs.
Mainland europeans well integrated within a non abusive banking system won't suffer. Still, other international customers may be required to think twice.
Darwins min investment is set at 200 EUR. If you want to spread your investing by multiple entries on small drawdowns on Darwins every now and then or any other fragmented tactic in order to average your risk and return, not everyone will feel to use the Dwx wallet as a swiss safe waiting for an opportunity because Darwinex does not pay any interest on sleeping money (well, physical swiss safe do not, neither). Cost wise, some clients won't be able to wire transfer 200 EUR or even 1000 on request each time. From the baltic countries, Cyprus, Malta, eastern european countries (in the UE), Andorra (outside EU) it would cost 20 to 60 EUR (10% to 30% on a 200 investment, 2% to 6% in a 1000 investment). Those are scores that can take a long time to retrieve... if ever. That's too much a handicap for a start.
Such figures can be problematic at a retail level. Of course, larger investors won't suffer of wire transfers costs proportionnally. So it's up to Darwinex to favor specific geographic crowds or levels of wealthiness.
As a trader only though, deposit fees add up to the trading conditions that can be competitive at other firms (nonwidthstanding the fact that each model has its pros and cons, let's not start this discussion).
Even if we stick to comparable models, LMAX accept cards. So why pick Darwinex instead of LMAX if all I want to do is trade only, on CFDs ? The commissions and swap differences are minimal
My conclusion is that wire transfer conditions need to improve globally in order to match the cards' advantages ...from the user perspective, today versus tomorrow. If Darwinex chooses not to handle them because of a business plan to be sustainable then I am fine with that decision too.