I am wondering if Darwinex have ever considered (I am sure they did) to make the creation of a darwin a little bit more complex. Why? In order to increase the averaged quality of the darwins and to attract more investors.
It could be done by two ways, in house meritocracy or minimum equity.
*In house meritocracy: let’s say Darwinex implements a condition to all accounts (native or migrations) to achieve a determine amount of performance (profit) in a determine period of time to create a darwin for that account. It could be something like 8% profit in 6 months with a maximum VAR of 20%.
*You have an equity always superior to $3.000, so if you are a farmer, the farming is going to be expensive.
What this proposal promotes and what try to avoid:
The meritocracy option promotes good results based on good trading, so all traders are educated to have good trading behavior since the beginning. With time this will pour a good amount of good invertible darwins.
The equity option avoid cheap farmers to come. Even though I am more a fan of meritocracy option, I understand Darwinex has a business, so some people don’t want to wait 6 months to qualify for a Darwin, but at least these should show some skin on the table, so the gambling or farming is less probably.
The most complicated part of this could be the current accounts. Well, I’ll give them (us) 6 months from now on to qualify one way or the other. Anyway this is only to qualify to have an invertible darwin, but anyone would be welcome to open an account to trade without restrictions (without a darwin).
I’d like to hear pros and cons from Darwinex staff, of course also from traders and investors.