Alternatives to Darwinex

[Viro Major]

Is multiple identities undercover a typical israelian marketing technique ? 😂

 

[Viro Major]

Go home ! Had no opinion at The5ers 2 days ago and your answers and conduct just proved us you were a scam artist in disguise.

 

[Viro Major]

The5ers is among the worst TF available. Period

Apparently, there are only 2 worthy TF to consider in FTMO & EnFoid

 

[Viro Major]

Thanks for the clean up of dupplicate user @d77 of @The5ersTF

 

[Viro Major]

Bloke related to Enfoid’s trading room: SwingFish

https://www.youtube.com/c/SwingFish/videos

Live trading filmed on an ongoing basis, with positive conservative consistent results

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so

70% return ?

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[Viro Major]

$700k with 50% profit share is much more convincing to me than $2M at 15% with the variance of investors

 

[CavaliereVerde]

As @TrungLN commented some time ago neither Darwinex is free because you pay commission and swaps, BUT let's do a bit of math.

I have a new account on Darwinex running since last July trading one microlot.
I paid 7 € in swaps and 6 € in commissions, it is six months so let's double for one year: 26 €

I am trading an equity on 1000 with a var of 5% but i could trade the same microlot on 10.000 for a var of 0.5% spending the same 26€ acheiving full allocations in Darwinia.

With this kind expense a good trader could earn 5k per year only from Darwinia.

 

[OneOfTheOne]

Hi, so let me share my thoughts and opinion. I have read the topic (which was a bit a waste of time, I was hoping to find something more valuable ).
My experience is working for and creating FX brokers, through working for a prop firms as a professional trader and trading on NYSE and trading my own funds and investors funds.
I was 100% convinced that firms like a FTMO are pure scam, the whole scheme is ridiculous and I personally will never pay to manage money, this for me sounds like an email form the "Nigerian prince, distant relative" .
However I witnessed the story of a newbie trader during the past months who spend nearly 6 months trying to get in to FTMO funding program, long story short, he manged to make a good profit and even withdraw several thousands in profit. After they approve you they are giving you a DEMO account to trade and they are telling you that they will copy the trades to the real account, which also sounds ridicules. You already know about the unrealistic requirements they have, that are almost impossible for long term profitable trading professionals, not to mention newbies. In the end maybe they are not a scam, just a clever scheme, similar to lottery. In any case I can`t imagine any experienced trader wasting time and money in such naive scheme. I imagine only naive and inexperienced newbies can believe in and try firms like FTMO, it is possible that some of them will make money based on pure luck, but luck is the last thing you want to rely on if you are or want to be professional trader.

Darwinex is much clever and realistic way of making money from trading skills, off course if you have them. If you don`t have them it is better to just go buy some s..coin or TSLA, and cash in on the hype. There are plenty of potatoes doing this.

 

[CavaliereVerde]

So you are an expert of brokers, very interesting!
If there were no Darwinex what would you recommend? AlpariPAMM ?
As trader and investor it seems the most viable option.

 

[TLN]

I imagine only naive and inexperienced newbies can believe in and try firms like FTMO, it is possible that some of them will make money based on pure luck

I think you really really wasted a lot of your time with above comment.
After lots of deeply analysis from @Viro Major. Many pros and cons already pointed out. But you ignored all.

but luck is the last thing you want to rely on if you are or want to be professional trader

Only need some luck in 3 month of verification. Of course this is the cash-in phase of FTMO, I know.
But with this cash, they can accomudate for skilled traders who passed the test.
No luck required after the test. We can trade our own way with our own risk.
I say it one more time. As long as FTMO can allow you to withdraw your profit split, it'still worth to join.

My last word for this topic, it's very clear now. Every member can recheck the analysis and do own choice.
For me, Darwinex is for building track record, for practice anf for grow-up.
FTMO is a good choice for make some extra money with trading skill.

 

[CavaliereVerde]

You have to admit that this fact that they give you a demo account and they should replicate the trades on their fund is pretty suspect.

They could publish the trackrecord of this aggregated fund, like Darwinex was doing with DWEX.

Plans make sense but but are... plans
They give you a demo and they could move the price and enlarge spreads to hunt your stops, they are not a broker so there are not regulators.

 

[OneOfTheOne]

So you are an expert of brokers, very interesting!
If there were no Darwinex what would you recommend? AlpariPAMM ?
As trader and investor it seems the most viable option.

Sort of. I am not a big fan of Alpari. For managing PAMM I would prefer FX Primus it is not great broker but it is OK. You can also use existing track record from other brokers and import your history, which was not possible with Alpari, at least few years ago. Also they are EU regulated (the PAMM is under different offshore entity of course) and this is a good selling point for the investors you will attract. In any case dealing with investors is pain in the..back and in almost any case you have to find them and sell what you got. In almost any case you will regret dealing with them in some point even if you are very good and profitable trader.
Darwinex is not a very good place for attracting and dealing with investors, The RM of Darwinex can be a deal breaker, an you are not flexible at all in determining the conditions, with the new "15% changes". Of course there are other not so legal from regulatory prospective ways to manage money of "friends and family".
The best thing in Darwinex is Darwinia, and that they seem honest guys. Generally everyone in the industry is after your money and don`t want you to win, if you are a losing trader every broker is a good one, but you know this.

 

[OneOfTheOne]

I think you really really wasted a lot of your time with above comment.
After lots of deeply analysis from @Viro Major. Many pros and cons already pointed out. But you ignored all.


Only need some luck in 3 month of verification. Of course this is the cash-in phase of FTMO, I know.
But with this cash, they can accomudate for skilled traders who passed the test.
No luck required after the test. We can trade our own way with our own risk.
I say it one more time. As long as FTMO can allow you to withdraw your profit split, it'still worth to join.

My last word for this topic, it's very clear now. Every member can recheck the analysis and do own choice.
For me, Darwinex is for building track record, for practice anf for grow-up.
FTMO is a good choice for make some extra money with trading skill.

Ok, for me it is naive scheme targeting newbies with unrealistic expectations and perceptions about trading and making money form trading. And I am sure it is better idea to HODL something, but lets agree to disagree.

 

[Viro Major]

One thing to remember though, it’s not legal to use PAMM to host other’s people money without being licenced.

eCFR :: 17 CFR 4.14 -- Exemption from registration as a commodity trading advisor.

www.ecfr.gov

Only in the US, you could accept a max of 15 persons as friends & family and yet again, from memory there is cap limitation of the max funds to operate which is rather low ceiling but I fail to retrieve exactly how much

So to me, it rules PAMM out of the equation and gives the edge to FT. Plus you can focus on trading, not on commercial and administrative tasks

Plans make sense but but are... plans
They give you a demo and they could move the price and enlarge spreads to hunt your stops, they are not a broker so there are not regulators.

This is the same with 90% of the OTC brokers. They give you live accounts which are wrapped up like a virtual casino that can be manipulated at will. I got issues and funds lost with many of them when as soon as I started to win too much money, they would radically change the trading conditions of my platform, freeze it and simulate loss of internet connection, or a previously fixed spread of 1 would be increased to 6 or 10, all my fills were delayed until reviewed and only executed if the market was starting to move against me instead of in my favour. I should have filed a few lawsuits but I must have lost about $150k at different brokers due to these issues. So clearly, to me it’s a gangster’s paradise everywhere except on futures practically, so I’m not bothered a lot more that FT are as nasty, as long as you take into account that it’s only okay to use them temporarily as a short-term trampoline that won’t last forever

That said, I agree there are HODL opportunities that can from time to time be better than Darwinex & FT

I think EnFoid (& SwingFish) should be investigated more. Despite my initial doubts, I think it may be a more genuine project & community than FTMO

 

[TLN]

they could move the price and enlarge spreads to hunt your stops, they are not a broker so there are not regulators.

I still doubt about it. However, if this happens, I think a lot of review/comments will be updated on FPA and TrustPilot.

 

[OneOfTheOne]

One thing to remember though, it’s not legal to use PAMM to host other’s people money without being licenced.

eCFR :: 17 CFR 4.14 -- Exemption from registration as a commodity trading advisor.

www.ecfr.gov

Only in the US, you could accept a max of 15 persons as friends & family and yet again, from memory there is cap limitation of the max funds to operate which is rather low ceiling but I fail to retrieve exactly how much

So to me, it rules out PAMM out of the equation and gives the edge to FT. Plus you can focus on trading, not on commercial and administrative tasks



This is the same with 90% of the OTC brokers. They give you live accounts which are wrapped up like a virtual casino that can be manipulated at will. I got issues and funds lost with many of them when as soon as I started to win too much money, they would radically change the trading conditions of my platform, freeze it and simulate loss of internet connection, or a previously fixed spread of 1 would be increased to 6 or 10, all my fills were delayed until reviewed and only executed if the market was starting to move against me instead of in my favour. I should have filed a few lawsuits but I must have lost about $150k at different brokers due to these issues. So clearly, to me it’s a gangster’s paradise everywhere except on futures practically, so I’m not bothered a lot more that FT are as nasty, as long as you take into account that it’s only okay to use them temporarily as a short-term trampoline that won’t last forever

That said, I agree there are HODL opportunities that can from time to time be better than Darwinex & FT

I think EnFoid (& SwingFish) should be investigated more. Despite my initial doubts, I think it may be a more genuine project & community than FTMO

You are right about the PAMM regulations, that is why FX Primus have a separate entity for it and Alpari are offshore. Still it is better solution than just trading your "Fr. & F money" in other type of semi legal arrangements.

There are different types of brokers, you can always find someone that will not play against you. You can be spotted if you are very big fish but generally broker with dissent regulation can`t do a lot to harm you, especially if you are not a break even trader. They can tell you to leave. Also they just don`t have the time and the "man power" to go against individual traders and it is not worth it. The traders are very good in loosing their money without the help from others, but they hate to admit it.

FT is negative sum game for naive daydreamers, it is not for people that really want to make money from trading in long term. HODL is better then FT in every way, you have a lot less negative expectancy, you have to pay only one spread, not 100s + tax. If you are down to luck it is also better then Darwinex. If you have skills, I cant`see any real alternative to Darwinex, also if you have to obey the regulations strictly.

 

[TLN]

If you have skills, I cant`see any real alternative to Darwinex, also if you have to obey the regulations strictly.

Do you have any Darwinian?

Btw, could you teach me what HODL is?
I did some search and the result is buy and hold

 

[CavaliereVerde]

Do you have any Darwinian?

Why don't you use the search function on the main darwinex site?
It works very well with user names...
->https://www.darwinex.com/username/OneOfTheOne

works well also for old community
->https://community.darwinex.com/u/oneoftheone/summary

 

[CavaliereVerde]

Btw, could you teach me what HODL is?

I just searched it on Google 30 min ago
Should be refferred to holding cryptos.
Holding stuff works much better than trading... if you hold the right stuff...

 

[Viro Major]

You are right about the PAMM regulations, that is why FX Primus have a separate entity for it and Alpari are offshore. Still it is better solution than just trading your "Fr. & F money" in other type of semi legal arrangements.

There are different types of brokers, you can always find someone that will not play against you. You can be spotted if you are very big fish but generally broker with dissent regulation can`t do a lot to harm you, especially if you are not a break even trader. They can tell you to leave. Also they just don`t have the time and the "man power" to go against individual traders and it is not worth it. The traders are very good in loosing their money without the help from others, but they hate to admit it.

FT is negative sum game for naive daydreamers, it is not for people that really want to make money from trading in long term. HODL is better then FT in every way, you have a lot less negative expectancy, you have to pay only one spread, not 100s + tax. If you are down to luck it is also better then Darwinex. If you have skills, I cant`see any real alternative to Darwinex, also if you have to obey the regulations strictly.

If you need a money manager licence, it is in the country / jurisdiction you are established that counts, not where your technical solution operates. Your obligations are with the local regulator and with the regulator countries of your clients too. If you work it around without, by hiding the activities in an offshore setup, you’re still an outlaw. Here, Darwinex & FT give you the edge, unless you do things right but it’s too much hassle.

I had serious issues with ActivTrades, GFT (Gain Capital) and LMAX. All were regulated in the UK and it didn’t change the fact they acted in unfair ways or were ashamed about it. Any broker, even with a good reputation, can fail you. None are operating on stable and ethical grounds entirely, no matter how their speech makes you believe otherwise.
I also had many technical failures with future brokers in the US. That was not commenting they were unfair, just incompetent this time.

FT provide unfavourable odds, I’m ready to agree. The conditions are flawed. Yet, it doesn’t mean you cannot beat them and derive profits. Personally I’m not classifying solutions on a podium by ranking them. I just try to understand what are their pros and cons and how to work around them. I’m conscious that by using FT, I’m in the position of a prey, but my reach it to outsmart them, outplay their rules and through my skills. Never said it was easy, but there is some potential with good R:R ratio imho. The financial risk appears to be quite low, just like it is low with Darwinex. By HODLing, if you bet on the wrong horses, the damage will be higher.

Yep, HODL is one of the many new terms that have been popularised within the crypto space it’s slang for HOLD lol

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