Recently, I have asked Darwinex to add servers of a broker from which I wanted to migrate a track record. Darwinex kindly added the servers, but the more I thought about it, the more I realised that the historic track record did not make sense for a number of reasons that are outlined below:
- The source broker is a Market Maker. Yes, I know, many people hate MM brokers, but not really the point of this discussion.
- The source broker account uses fixed spreads.
- The source broker account does not charge commission.
- Slippage behavior between the brokers will be different due to very different models of either STP based liquidity or other platform participants.
There are potentially other points to add - but in summary, the strategy that I was about to import would have been traded on very different broker conditions than Darwinex. I say again, this discussion is not about which one is better, but it’s about the fact that they are very different.
Hence my question - should Darwinex allow track record imports from all brokers, or even better, should Darwinex move towards a model where only native Darwinex track records are allowed?
Of course, some will say that it depends on the strategy - and that this is more of any issue where shorter time-frame trading is concerned than say swing trading etc.
Keen to hear your thoughts.