CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Last final will : a more balanced Darwinex

If you check also on AAAfx profits can be withdrawed only via wire tranfer.
Clearly this is interesting only for the minority of winners, losers can deposit all their money and lose it… :smiley:

Conversely on Darwinex you can deposit 10k and withdraw 15k so also winners are considered. :wink:

Same story with FXCM, only refund and quite slow…
“If you funded your account with a credit card or debit card, it is required to withdraw the principal amount (deposit amount) back to your credit card. The credit card issuer may take from five business days to one billing cycle (approximately thirty days) to post back to the credit or debit card used for funding.”

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In practice, card refund takes more 2-3 days than 5 but anything can happen.

About how much amount you can get back, more or just equal to the deposited amount, different scenarios exist…
Some brokers let you only withdraw the deposit amount, then anything extra by wire transfer.
Some other brokers let you withdraw profits infinitely way above the deposit amount.
Where I am now, I can withdraw the initial almost for almost free, then the next 0.5x more for a slightly higher fee, then everything above by wire transfer (more expensive but even faster back to my account)

I do not mind to mix a card deposit with a wire withdrawal when forced to. Actually, it can even be better.
Also, when I withdraw, it’s usually to take a break…

However, when I deposit, I want to trade NOW :slight_smile: I only deposit when I see a favorable configuration. Also it can happen that my trading conviction grows, or I see an extra entry possible, then I want to deposit NOW again to buff my position :slight_smile: in the very moment. Usually, I’ll get extremly mad if the crediting is delayed (some members of the support chats must remember my rants :slight_smile: )
Because there are 2 schools, either automatic crediting (rare) or requiring manual approval that can be quick. In that case, I’ll be in the live chat to push things forward so that the process goes smoothly

I discovered LMAX New Zealand. It has ready the whole cocktail I have been waiting Darwinex to offer for so long :confused:
As an offshore branch, it escapes the ESMA ruling just like JFD Overseas. No funding stories (card). Most importantly for me, it really is diverse regarding platforms/connections’ choice. I’ll be able to reuse SierraChart

————-

When Darwinex announced that it was recentering his target communication around traders, I got excited. I saw some evolution. Yet, some parts continued to lack attention despite longlasting talks around here.

I regret that Darwinex has this quant/tech/forex/algo culture way too dominant (not alone to admit it after all). Darwinex claims to address sophisticated traders, I’m sure it does well/brilliantly for that part (MetaQuotes does the job, various advanced APIs congrats, Python / R follow-up, etc).
Standing outside of that part, expressing only a couple specific needs / habits that I wouldn’t even call anything advanced but normal, I don’t recognize myself and feel left apart.

LMAX offers MultiCharts, SierraChart, NinjaTrader (through custom bridge), MT5, Quantower, proprietary web & mobile, etc. I am able to recognize this has great value and call it sophisticated.

https://www.icmarkets.com/en/forex-trading-tools/mt4-advanced-trading-tools


IC Markets and JFD (don’t care about CTrader) are offering an add-ons package from FX Blue Labs (solution dedicated to brokers only),
that comes to enhance the very minimalistic (lacking some basics) MT4/MT5 experience from factory default. I would likely not recommend 3/4 of the tools other than being a waste to trade, but the rest of it makes sense by correcting some points that MT forgot about / doesn’t deal with properly. (Against 3rd party purchases, it has the merit to exist and be clear). For instance, the “close all” button from a pluri-instrument console, the multi-screens tool, the custom order ticket, are simple worthy additions
I won’t dare to call this package sophisticated, but at least we notice they put an effort to set themselves out of the crowd…

Naked MT monopoly ? Not sophisticated for the discretionnary trader …not showing an attempt to care (vs ICM/JFD’s attitude of “just trying” to acknowledge something could be done)

On that part and that part only of Darwinex, I have been disappointed. Because I spend so many hours in front of the screen, not proxying my actions through an EA but exhausting myself manually active, I hope to feel good, comfortable and about optimized.

Moving on, until Darwinex eventually catches up, not holding any angst or regret, actually feeling quite excited about it even! Wish you the best.

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Exactly what I was explaining. Just found out JFD is now also offering to its clients this tool discussed here

That’s precisely what I meant previously (a gesture) : please show some more attention through tools (if not platform) to the neglected “sophisticated traders” that are not crossing their legs from having plugged a robot to a rustic platform :wink: Best !

Your thoughts remind me a part of my journey amongst brokers :slight_smile:

I could start by the famous question “Why Metatrader over X ?” but it isn’t neither the thread for it nor the main matter :slight_smile: .

What is clear : this platform has been widely adopted and maintained for statu quo reasons, turning any debate “impossible”.

Brokers were/are perfectly aware of Metatrader “limitations”, and have “discretely” operated/developed to maintain the… statu quo :slight_smile: .

There are a lot of (even basic) features missing in MT. I can’t avoid to use as an example the so basic "(Close and) Reverse" feature. I’ll use cTrader as an example :

https://help.ctrader.com/ctrader/trading/positions#reverse-and-double-position

As you mention it, a lot of brokers (as IC Markets) developed a lot of tools to “maintain MT”.

As examples, we could mention Admiral Markets with its trading terminal (that allows to close and reverse positions, by the way) :

Or AvaTrade with its Multi Account Manager terminal :

Anyway, the main point is to debate/know what is Darwinex planning relatively to MetaTrader as they are perfectly aware of… the end of MT4 :

One first wonder would be : "How will MT4 to MT5 migrations be handled by Darwinex ?"

Next wonder could be : "(What) Is Darwinex planning/considering (as) a next trading platform (as question is unavoidable) or are they alreading considering/taking another path (FIX API) ?"

As far as I’m concerned, I wait for more information, from Darwinex, about such “platform” :

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As a wink from Darwinex, their last tweet :smile: :

There is reality and there are hopes and promisses.

Darinex is a CFD/spot forex broker like Alpari, FxOpen and Tickmill.
Darwinex isn’t a futures broker.
Darwinex isn’t a real stocks broker.
Darwinex isn’t a crypto exchange.

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This new article is the perfect follow-up to such comment (“statu quo”) :

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Unfortunatelly we have to deal with the status quo.
Turbine was much better than reciprocating engine, but the second was the status quo and still is.


We are here to create a trackrecord, a long process even with the present platforms, it would be too long if we continue to wait the next one.
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I agree. Not enough flexibility for traders to accelerate when necessary and good to do so