Care to elaborate with specifics ? I’m hearing medals through competition (DarwinIA) but it must not be what you intendIncentives are for traders to push pedal to the metal.
Care to elaborate with specifics ? I’m hearing medals through competition (DarwinIA) but it must not be what you intendIncentives are for traders to push pedal to the metal.
AFAIK the only competitor with more AUM than Darwinex (excluding eToro) is AlpariPAMM , and they have PAMM portfolio managers...
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.@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.
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.What is the edge of Collective2 ?
One word about American regulators:Madoff.Thanks for the seriously joking comments!
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.Psyquation is also good alternative to darwinex.
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