Alternatives to Darwinex

  • Welcome to the Darwinex Forums, these forums are member-run and managed by CavaliereVerde. Member-run forum rules may differ from the site guidelines.

Muiris

Active member
125 225
If you keep only 15% it is more about managing 100k than trading 100k.
It is exctactly like winning 100k allocation with Darwinia.
If Darwinex offered me a deal to pay 1k to be allocated with 100k I would refuse, and you have to consider that Darwinex is honest, I know they pay, I was paid... 😁
There are a lot of dreamers that think to be able to return 30% per year with 10% drawdown, TFs are designed exactly for them.
Yeah, so far the only alternatives to Darwinex are these garbage "prop" firms people keep pumping here.

paying 1000 dollars is not a good alternative to darwinex.
 
  • Like
Reactions: CavaliereVerde

itstradingtime

Member
74 209
Recently, I found out MyForexFunds prop firm.
A different type comparing with FTMO, the5ers ...
There is no any challenges, evaluation and traders can make money from day 1.
For a long run, go ahead with one time fee plan and no consistent account (949$ fee for 100k account, up to 300k$ at max per trader). Up to 15% profit split monthly (same ratio as Darwinex, but no need to build long track record and Darwinia). 12% max abs DD, 5% daily relative DD. No news, overnight, overweekend restriction. Just, some rules for using EA, copy trade and hedge.
Customers service is good.
Payout commitment is good.
Just short sharing from me. It's really a good choice as alternative for Darwinex. For more details, please check and judge by yourself.
Thanks for sharing, as usual. I'm collecting all of them and probably will also try all of them :ROFLMAO:
15% is really low and it might take a year before you start seeing any profit, but I read that, once you pass the 10% profit, you get a real account and the profit split is 80% (after the first 2 months).
That looks interesting.
 

CavaliereVerde

Experienced member
1,154 1,531
Thy are hamsters, going forward every broker is a hamster, they make money from every customer, winners and losers.
The difference is that Darwinex is much cheaper: you deposit 4k, trade one microlot and the expenses are very low.
Even if IC Markets and Tickmill have better conditions the difference with Darwinex is small, that difference is the ticket to pay.
 
Last edited:

TrungLN

Active member
227 328
paying 1000 dollars is not a good alternative to darwinex.
Totally disagree.
But depends on you.
Just, let assume that you are a profitable trader. But low capital.
You have 2 choice.
1. Join Darwinex for free. But need to wait/build at least 1 year to get fund.
2. Pay ~1% the capital at MFF and get it immediately.
It's up to you.
Now, I will stop all sharing about this topic.
Since, most of Darwinex traders seem to be very unbiased with prop firm.
 
  • Like
Reactions: IlIlIlIlI

CavaliereVerde

Experienced member
1,154 1,531
Just, let assume that you are a profitable trader.
And that is exactly the point, many wannabe-traders assume to be profitable without a trackrecord, I think everyone of us thought to be profitable at the beginning.

The first time you deposit real money you think to be profitable, otherwise you would continue to play with demos. ;)
 
  • Like
Reactions: IlIlIlIlI

TrungLN

Active member
227 328
And that is exactly the point, many wannabe-traders assume to be profitable without a trackrecord, I think everyone of us thought to be profitable at the beginning.
Actually, I just mean that you already a profitable trader (Already). Just, how to define what a profitable trader is, it's up to you.
It's different from trader and trader.
 
  • Like
Reactions: IlIlIlIlI

itstradingtime

Member
74 209
If you keep only 15% it is more about managing 100k than trading 100k.
It is exctactly like winning 100k allocation with Darwinia.
If Darwinex offered me a deal to pay 1k to be allocated with 100k I would refuse, and you have to consider that Darwinex is honest, I know they pay, I was paid... 😁
There are a lot of dreamers that think to be able to return 30% per year with 10% drawdown, TFs are designed exactly for them.
Absolutely, but if you consider that the allocation is lifetime (unless they go broke or you go broke with the account) and that after getting 10% profit (with no time constraints), you get 80%, I think it's at least worth considering it.
My opinion is that you want to be a full-time trader without having the capital? Then you may need to take the good offers (Darwinex) and the s***ty offers (prop trading firms), as long as they all provide you with a positive expected value :p
 

itstradingtime

Member
74 209
If you are a conservative trader, yep, low risk, 1 year to reach 7% profit.
However, since max Abs DD is 12%, so traders can trade with some more risk such as 1% of max DD amount as a trade.
As a teacher, I think you surely will find out how fair MFF offers.
I think it's fair. It might take time to build something concrete, but, as I said, if you are a profitable trader but without money (which is the case of some of my students), you need to build by taking all the opportunities with EV+.
In my personal case, I do it to share the experience with my students, but I wouldn't know what to do with all these accounts, in case I get funded. I thought of giving them to other traders and just split 50-50, but then I realised that they can go through the challenge on their own and open opposite trades with my account and theirs. If we win, they fund the failed challenge with the profit they make with our account. If we lose, they pass the challenge on their own :ROFLMAO:
 

TrungLN

Active member
227 328
Absolutely, but if you consider that the allocation is lifetime (unless they go broke or you go broke with the account) and that after getting 10% profit (with no time constraints), you get 80%, I think it's at least worth considering it.
My opinion is that you want to be a full-time trader without having the capital? Then you may need to take the good offers (Darwinex) and the s***ty offers (prop trading firms), as long as they all provide you with a positive expected value :p
Ah... no need to worry so much about a long business of a prop firm.
Since, more and more prop firm appear with better/fairer conditions/rules. That's is benefit of competition.
With me, a profitable trader is one that get much money in wining period, and return back less money in losing period.
 

TrungLN

Active member
227 328
but then I realised that they can go through the challenge on their own and open opposite trades with my account and theirs. If we win, they fund the failed challenge with the profit they make with our account. If we lose, they pass the challenge on their own
Not that simple. Lol.
Have you ever thought why most of prop firms ask for 2 phases of verification/challenges? Like FTMO ... They all know about the case traders can do arbitrage among prop firms.
 
Last edited:

Muiris

Active member
125 225
Ah... no need to worry so much about a long business of a prop firm.
Since, more and more prop firm appear with better/fairer conditions/rules. That's is benefit of competition.
With me, a profitable trader is one that get much money in wining period, and return back less money in losing period.
I remember when people got hired by prop firms. trained for 6 wks, then funded with firms money and allowed share in profits.

but please tell me about conditions are going to get fairer and better with more competition. lol
 
  • Like
Reactions: IlIlIlIlI

Muiris

Active member
125 225
And that is exactly the point, many wannabe-traders assume to be profitable without a trackrecord, I think everyone of us thought to be profitable at the beginning.

The first time you deposit real money you think to be profitable, otherwise you would continue to play with demos. ;)
we only have to look at results 10,000 darwins to know why this is such a good business model ;)
 

IlIlIlIlI

Active member
218 198
Now, I will stop all sharing about this topic.
Please, keep in touch with us. It's valuable for all of us.

Not that simple. Lol.
Have you ever thought why most of prop firms ask for 2 phases of verification/challenges? Like FTMO ... They all know about the case traders can do arbitrate among prop firms.
You need 3 successful months in line with their rules to get the fee back and make money: challenge, verification and the first month funded.

Additional information:
FTMO send me an answer this morning to my question about tp and sl handling with their news trading rule:
-----------------------
You can trade US100.cash (NASDAQ 100) during the news release.

You can hold existing trades that are placed before the restricted news events but you are not allowed to close them or open new positions during the restricted period of 2 minutes before to 2 minutes after the release of the subject instrument.

It is up to you if you will remove or keep your SL and TP, please make sure that it will not be activated during the 4-minute windows because All activated pending orders including SL and TP during the restricted period also serve as violations of the rule restriction.

If you wish to close your trades, you may do so before or after the 4-minutes restricted period.

More about news trading: https://ftmo.com/en/faq/can-i-trade-news/
------------------------
That means, you have to make your positions naked (no stops or tp) or close them before the restriction period or you have the risk that your account will be closed (only funded accounts, not challenge or verification accounts). To hold that can be hard for active robots.
 
Last edited:

IlIlIlIlI

Active member
218 198
Recently, I found out MyForexFunds prop firm.
A different type comparing with FTMO, the5ers ...
There is no any challenges, evaluation and traders can make money from day 1.
.. and no vacations without approval by them. ;) (see RULE # 2 – Trading Frequency & Consistency)
The hardest point in that rule can be that you have to trade your specific volume every week as also described in that rule.

You pay fees if you are not profitable (see RULE # 8 – Risk & Account Management)
https://myforexfunds.codozide.com/program/

If you join that program, I'd really appreciate if you share your experience here.
IMO every program has it's traps for traders, it's up to you what you can accept.
 
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock