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.

CavaliereVerde

Experienced member
1,154 1,531
There was a lot of blaming Darwinex normalizer/risk manager but at the end Darwinex seems to be the only place where you can trade as you want.
 
  • Like
Reactions: IlIlIlIlI

IlIlIlIlI

Active member
218 198
but at the end Darwinex seems to be the only place where you can trade as you want.
Besides the ugly 10 minutes rule (more than 50% of the trades must last longer than 10 minutes), but 'I don't know whether that is only checked when applying for a Darwin. I never read that a Darwin was suspended because of violating that rule.
 
  • Like
Reactions: CavaliereVerde

TrungLN

Active member
227 328
The hardest point in that rule can be that you have to trade your specific volume every week as also described in that rule.
Ah... About the consistent rule, MFF offer NCA (non consistent account). If choose this, you can skip consistent rule.
I'm trading 10k$ acc of MFF with CEA (consistent account enable) to test the water and check whether I can adapt with consistent rule or not. Since CEA have biweekly payout benefit. While NCA only monthy payout.
If not, I will change to NCA.

Everything so far so good. I choose TickMill VIP account, and the condition is awesome (both spread and com)
 

Attachments

  • Screenshot_20210218-160518.png
    Screenshot_20210218-160518.png
    199.9 KB · Views: 24
  • Screenshot_20210218-160653.jpg
    Screenshot_20210218-160653.jpg
    161.8 KB · Views: 23

TrungLN

Active member
227 328
I intended to stop talking about prop firms. However, I see some mem still interested in.
So, let's take a look at this

- You complain about the fee. There is no any fee on this firm. Just, open your own account on IcMarket (with minium required deposit, 100% controlled by yourself). Show your trading skill to reach 20% profit with max 7% relative DD in 6 month. You funded up 300k$ and can scale up to 1.2M$, 50% profit share.

I tried to figure out how this prop firm get cash in with this no fee rule. The only way is affiliate commission with IcMarket.
One other way is the tough target: 20% profit with 7% max relative DD. This will harm traders. If traders is not enough skill of risk management. But even this, your money flows to IcMarket, not this prop firm.

If there is no any hidden rule, this prop firm seems to be the one that tries to locate real talend traders and get benefit from their skill not their money.

@itstradingtime , @TrainerTXR: is it attractive?
 
Last edited:

IlIlIlIlI

Active member
218 198
20% profit with max 7% relative DD in 6 month
If you know a Darwinex trading account trading only majors and minors (as required from that site) which fills these requirements please let us know.
 
  • Like
Reactions: CavaliereVerde

CavaliereVerde

Experienced member
1,154 1,531
That is the point.
There is a balance between requirements and subscription fee.
So we have TFs with no requirements and a fee or TFs with high requirements and no fee.
High requirement and no fee is more similar to Darwinex and its Darwinia.

20% with 7% DD means a very lucky semester, after that there is a 90% probability the next semester will be a loser so no fees to earn for the trader and we have 1 year of commissions for ICMarkets and for "funded-traders".
 
Last edited:

TrungLN

Active member
227 328
20% with 7% DD means a very lucky semester,
Agree! Very tough target. But it's free.



we have 1 year of commissions for ICMarkets and for "funded-traders".
Actually, I dont thinh much commission generated for IcMarket.
A good trader might not fullfill the target but be profitable in 6 month is very normal.
I mean that we just trade as usual and wait for our lucky semester. If not, we can target some profit, since we are trading on our own account.
And 50% profit share is better than 15% of Darwinex so much. Also, we no need to care about back and forth of dumb money in our normal DD.
 
Last edited:

CavaliereVerde

Experienced member
1,154 1,531
come&go of dump money.
90% if investors are dumb money that is the reason I compared with Darwinia allocation.
Business model is also similar, they collect commissions from everyone and they pay ~20k per month to the luckiest or most skilled.
It seems convenient but somenone has to verify if they pay.
 
  • Like
Reactions: IlIlIlIlI

CavaliereVerde

Experienced member
1,154 1,531
You need to deposit 8k and trade with a var of at least 10% to meet the target.
On Darwinex you can deposit 4k and trade one microlot or a var of 1%... it is much more cheap.
 
  • Like
Reactions: Gargamel

TrungLN

Active member
227 328
90% if investors are dumb money that is the reason I compared with Darwinia allocation
I understood your mean. So, I corrected my comment.
And you're correct. Payout proof is an important thing now.
In facebook group "forex prop firms" (almost 1k members), day by day, we discuss, share all info related to prop firm. Which is good, which is NG, which is fishy, which is supportive, friendly, payout proof and their improvement. So, I will update soon.
 
  • Like
Reactions: IlIlIlIlI

CavaliereVerde

Experienced member
1,154 1,531
Their site is pretty empty and recently designed, and this is NG ;)
Where are the winners and their trackrecords?
A myfxboock trackrecord of a real 300k account would add much more credibility.
The most likely explaination is that they are not a real prop firm, they are only an introducing broker.
Thy will reward the few winners with a demo account with some excuse like FTMO is doing. ;)
The only real risk is your, they collect some kind of rebates redistributed as prizes.
 
  • Like
Reactions: Gargamel
 
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