Our seed capital programme, DarwinIA, will change with the aim of transforming into a more accessible and progressive programme for everyone.
blog.darwinex.com
Read this!!
Guys. I know i don't post much but this is exciting news to us.
P.s: i also noticed their presence in Twitter (X) is more compare to last time .
From your
first link:
You’ll need to have a live account with a minimum of 1,000 dollars in equity during the whole month.
That kicks more than 1,000 Darwins out from eligibility immediately and if the equity is lower than $ 1,000 in a drawdown the Darwin will be excluded for the running month.
The comarison between DarwinIA (Classic) with DarwinIA SILVER is misleading as they compare apple with sheep. I am not sure whether sheep eat apples but the trader's equtiy is only one component for the equity at risk used for the allocation calculation. Small accounts usually have a higher VaR which multiplies the account equity and the DarwinIA payments and they are now excluded.
If a small account trader now pays aboout $ 1,000 in to stay in DarwinIA eligibility and does not increase the lot sizes, his profit and DarwinIA payments will cut by 50% because fo the maximized insane target VaR. That will last for 12 periods (months) and that's why I closed my Darwin MOT.
For MOT I paid less than 8 EUR on trading fees in July 2023 and for my 200 EUR investment less tha 1 EUR for all fees.
The problem Darwinex tries to solve here is that they want a profitable business and don't run a social club. If MOT would have won a DarwinIA prize with an allocation up to $ 30,000 (the equity at risk was usually higher than 2k with a 500 EUR account), there would be no significant refinancing possible for a DarwinIA payout.
With the new rules there are 178 Darwins eligible for a DarwinIA prize based on trader's euqity, D-Score and profit, out of 422 based on D-Score and trader's equity. Just use a filter to find out:
The regularity is not available in the filter so I can't measure it with filters.
From these 178 Darwins 98 have no investors, and another 19 have less than $ 1,000 AuM.
Running the filter without the $ 1,000 traders equity in the filter, ther are 214 Darwins and 124 of them have no investors, so the majority of excluded Darwins have no investors.
I think that's the main reason for the change that there is no correlation to the money they and the money they pay on DarwinIA allocations.
What's positive for sure for new accounts with the new rules:
Darwinex traders with a sufficient account size can now get an allocation after 2-3 months and don't need up to a year because their D-Score was too low before.
As long as the platform does not change, I don't expect that these Darwins will be regarded by investors so I'm expecting more changes in the future.
www.darwinex.com
