Alternatives to Darwinex

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Viro Major

Well-known member
343 267
Since my isolated point was turned against my will into a dedicated topic about competitors.

AFAIK the only competitor with more AUM than Darwinex (excluding eToro) is AlpariPAMM , and they have PAMM portfolio managers...

Is Darwinex’s conception of things efficient at gathering AuM ? (until now)
Completely different model, hardly comparable, but with AuMs allocated on even shittier fresh strategies. Excuses ?
What is the edge of Collective2 ? For one, they don’t enforce a narrow trading environnement but team up with many brokerage houses which leaves choice and freedom to the applicatants, both on the trader and investor sides...

There is another german company specialising in stocks which obtains a lot higher AuM levels and federates professional traders under its wing. I forgot the name sorry so can’t reference it
 
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Viro Major

Well-known member
343 267
@Viro Major PAMMs are a jungle.Real traders don't stand a chance there.Dumb money loses everywhere and with everybody.There is no alternative to education.Well, there was an idea of experienced traders acting as intermediary(Portfolio managers) but Darwinex didn't find that idea interesting because they are smartest and they will teach others how to make money with darwins :rolleyes:.
The jungle is everywhere, among CTAs, PAMMs, social trading and more traditional investments. At least with PAMMs, managers will show some basic requirements like licencing, which should demonstrate a commitment over ethics.
There are CTA programs were at least to stay enrolled you must maintain a maximum drawdown or other criterias. If you fail to, you’re excluded.
Does Konstantin care any longer about his investors ? According to his recent behaviour, it seems he gave up at being serious about recovery, since the nature of his trading doesn’t even fit any longer to be replicated. Just trying to earn some money quickly on earnings made. I’d be curious to check his variations of capital... but he must have other accounts as well.
 
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Viro Major

Well-known member
343 267
Another competitor about mechanical systems only (but that can be fooled)
It has the advantage again to be available at many futures/options brokers, not just one. That permits to choose which technology you want for the piloting and conditions for the deployment. A kind of refinement.
 

Viro Major

Well-known member
343 267
Yet again, customised service, Chicago based
I had a french representative call me once
They were offering a dedicated person at the trading desk to monitor the execution of the strategy, custom order commissions and more, partnering with some large future firms (outside of IB) like ADM Investor Services
 
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Gargamel

Active member
180 349
Sorry, I had lunch so a bit late... @Viro Major .Before you posted long post about Duka,word was about Darwinia.It is normal to send your post to some more appropriate place.Now, about PAMMs,if that was not an alternative you were offering,but those other trading facilities ,I don't know.Algo traders are not complaining about what Darwinex offers.Manual traders I don't see complaining either.If you need some refined tools for scalping or other order execution,than I would say you would probably suffer Divergence problems and Darwinex is not for you.If you are a gambler you can compete at other platforms.
I wouldn't say all those thousands of traders at Darwinex are dummies and we need some mythical star-traders to trade with only green months,which in turn will prevent Dumb Money from losing.
I actually don't know what you want.
 
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Gargamel

Active member
180 349
What is the edge of Collective2 ?
It is a scam.I clicked on a strategy(in top5) that has millions of AuM supposedly and it has grand total of 32 trades executed.It is the same shit as eToro ,Zulu...Take it with a grain of salt what these scammers are posting on their websites.Also if AuM is subscribed,it doesn't mean it is actually trading and with what Risk.Does these firms ever get audited seriously?If they were broker they would get audited(unless 'regulated' on Cyprus ).The same with that Schwager fellow and his company.
 
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Viro Major

Well-known member
343 267
How is it different than GFA ? With C2, a single subscription can be followed by unlimited funds. What you see is the aggregated funds at the customer accounts at regulated brokers.

About the scam comment, C2 is regulated by the NFA/FINRA and comply with yearly checks about their operations to satisfy the US compliance (which they often comment about the difficulty to maintain during audio podcasts)
Just like FundSeeder is also regulated as a Commodity Trading Advisor... thus controlled accordingly, something you could learn about what it takes by following courses (books/CDs available online for your reviewing pleasure)
Thanks for the seriously joking comments!
 
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Viro Major

Well-known member
343 267
To cut short about any further funky assumptions

Striker = Introducing Broker, which is no less controlled than CTA in the USA to say the least

iSystems = IB again

Requirements
for IB
for CTA

Penalties waiting for CTAs
 
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Gargamel

Active member
180 349
Thanks for the seriously joking comments!
One word about American regulators:Madoff.

Madoff3.jpg
 

Gargamel

Active member
180 349
After Madoff they got MF Global.Where was the money of customers?And entities that you propose are not even in that category (handling customers funds). Imagine how seriously they are audited if ever.
 

LongVision

Member
94 164
Psyquation is also good alternative to darwinex. After New d-score change, Psyquation PQ-score is much better then d-score.
They are currently running trading competition and it is based on PQ- score.
 
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Gargamel

Active member
180 349
Psyquation is also good alternative to darwinex.
That company has zero real investors and as far as I am concerned they are allocating Demo money to traders.They allow migrations of MT4 accounts from anywhere and their European HQ are in Ukraine.They have no Risk Manager and they use very similar set-up as German competitor of Darwinex called Ayondo which went bankrupt recently.
A screenshot of their Pro traders:
psyquation1.png
 

Viro Major

Well-known member
343 267
The risk manager is a double edged sword. It protects from the ugly and at the same time pollutes with interference those who know what they are doing. It restricts the creativity, to address strategies which shouldn’t be allowed to be present in the first place.
United-Signals (defunct too) and I think Curensee (same) were applying simple criterias of expectations. When you failed to meet then maintain them, you were simply taken out of the leaders program.
I wish Darwinex could put more pressure on traders ahead to enforce that if they fail at XYZ they become definitely excluded, or apply penalties, because now it’s self-service at alternating between the good and the ugly. There is no commitment announced, just that the risk is managed but it has nothing to do with actual results. That shows that Darwinex is first and foremost a sugar coated broker because unlike other dedicated asset management firms, they won’t stop anyone when acting poorly. One more reason they should improve as a broker. Above all, they‘re a wrapped-up broker, just with incentives.
 
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