98 + 11*38 = 516 EUR/year subscription fee.95,00 € registration fee is in line with the entry fee of most prop firms. The crazy thing are the 38€/month.
Ok there is no rules and no time limits .... but 38€/month it's too much and out of market. Each month with 25K allocation i must earn 1% to cover the fee
Hi everyone,
Thanks for raising this topic.
I hope the following article helps to understand the rationale behind DarwinexZero: https://blog.darwinex.com/reasons-behind-darwinex-zero/
Prop-trading is NOT something we are into and we are not planning to compete with companies in that segment because of several reasons, the main one being that there is an important conflict of interest between traders and the companies providing these services.
The idea behind D-Zero is finding good traders in their early stages and incentivising them to trade consistently. Those that do well will be able to access investors capital on our Darwinex platform, where we already have more than $100M AuM and one of our traders is already managing $22M+.
I hope this proves helpful!
Stay safe,
Ignacio (Darwinex)
I have a question from your link above:Hi everyone,
Thanks for raising this topic.
I hope the following article helps to understand the rationale behind DarwinexZero: https://blog.darwinex.com/reasons-behind-darwinex-zero/
Prop-trading is NOT something we are into and we are not planning to compete with companies in that segment because of several reasons, the main one being that there is an important conflict of interest between traders and the companies providing these services.
The idea behind D-Zero is finding good traders in their early stages and incentivising them to trade consistently. Those that do well will be able to access investors capital on our Darwinex platform, where we already have more than $100M AuM and one of our traders is already managing $22M+.
I hope this proves helpful!
Stay safe,
Ignacio (Darwinex)
Thanks a lot for your reply and for your trust throghout these years.Hi Ignacio,
thanks for your contribution to the discussion. I created this thread because I am a Darwinex customer since 2017, at the moment I have 3 active Darwins so I put great attention to all the news you propose.
I fully understand your need to differentiate yourself from prop firms but unfortunately the customers you are going to draw on with Darwinex-Zero are the same: traders who have potential (or who believe they have it) but without the availability of capital.
The comparison with the prop firms is therefore inevitable.
I have several accounts opened with a prop who, for less than 100 euros, gives me an account with 10K and pays me 12% of the profit generated each month with no time limits and with more than reasonable constraints; why should I pay you a landline of 38 euros per month not even having the certainty to reach the assignment every month ...?
I will probably subscribe to the service out of the gratitude for the earnings obtained with you, but in my opinion to be truly successful it will be necessary on your part to review the shareholdings and acknowledge. The market in this segment is truly very active and competitive and at the moment it is necessary to offer something more than the others rather than declaring oneself out of the fray while actually being in it.
Thanks for your query!I have a question from your link above:
"Thus, in a short time, in Darwinex, we will replace DarwinIA with DarwinIA SILVER and DarwinIA GOLD. Darwinex Zero and Darwinex Classic clients will participate in the same programs."
Can you please explain that with more details for traders with a real account?
Will the "Trader's Total Equity" be irrelevant in DarwinIA GOLD or how will that be replace for traders coming from DarwinIA SILVER?
No, why should they do that?Prop firms, on the other hand, would probably end up banning THA from using their services because it would make them lose a lot of money.
Thanks for your detailed answer.Thanks a lot for your reply and for your trust throghout these years.
I agree that the comparison with prop firms is inevitable, but if you analyse both models in depth you'll understand that we are speaking about completely different businesses: we are launching D-Zero to allow the "next THA" to follow the right steps in their early stages and nothing would make us happier than finding the "next THA" via D-Zero. Prop firms, on the other hand, would probably end up banning THA from using their services because it would make them lose a lot of money.
From what I can read in your comments, you sound like an experienced trader who has already passed the initial stages where one does not feel comfortable when fighting the markets, so D-Zero is probably not aimed at you (although you are more than welcome to try it out, you'll see it's actually quite challenging!).
However, if you could have used D-Zero 10 years ago when you were getting started, you probably would have appreciated the opportunity to develop your own trading strategy without any constraints whatsoever, building your own track record on your terms so you could now be using your track record on Darwinex to attract real investor capital.
On top of the above, if you were based in the US or other countries where Darwinex is not available, D-Zero would be your entry to the entire Darwinex universe, being able to access all our features and investors' capital.
We are well aware that we operate different than prop firms, but we are doing so on purpose (same as when we launched Darwinex 10 years ago). Our path might take longer, but we know it is the right path and we can go to bed with a peaceful mind every night because we are doing sth that is fully aligned with our customers' interests.
Sorry for the long reply and, again, big thank you for your trust throughout these years!!
All the best,
Ignacio
You should calculate the potential income against the 1,010 USD fees to pay.For now to create a new darwin i open account with 100usd and thats it. No more payments needed. I then will wait about 2 years to get track record. Might have 20% to 50% drawdown trading 0.01 lots. Because small account.
With Zero i have to pay 98usd and then each month 38usd in 2years results in total expenses of 1010usd.
I dont see why instead of 100usd someone would choose 1010usd?
If will be set rule that min account 1000usd then i understand. But in that case i would go away to other social trading broker or prop firm.
"Prop firms, on the other hand, would probably end up banning THA from using their services because it would make them lose a lot of money."
Although I really don`t understand how someone serious about Trading could not put some money aside and build a Live account ( they say Zero costs, which is just plain lie! -monthly fees are what?), I totally agree with:
There's a conflict of interest and with high profit sharing comes costs. I had serious issues with FTMO. Those demo accounts funded by failing challenges can only take you so far.
So lower gains w Darwin but no conflict of interest.
Still, it seems to me another 'prop firm dream' type of account.
I love Darwin, but that's the reality when you take in consideration which kind of clients they are going after and go through the Profit calculations.
- no money, beginners deluded by the account amounts.
- Limited VaR account + only 15% profit split.
Every 1% of gain in a 25k acc yields 37,5. So the first % goes to fees, and the second to you. That's it, only 37 bucks.
And we know that it's hard as fuck to sustain gains of 2%+ months in a row in a Darwin. 2% monthly = 26% Yearly which puts you already in the top accounts, while the reality is that the majority will make less than that, or probably blow the VaR and the account.
Now if good accounts can get consistently 100K+, that would be better, 150/1% profit, but then if someone is doing well there and keeping good stats, wouldn't it be better simply to trade a live account ? Even a small 500 bucks could yield that easily. He/she would just make more money and not pay fees in his own Live account.
The trader wants to make money on the markets; this is my thought and I'm sure of others too.
If after years of study I manage to create a good strategy, I put my money into it. If my money is not enough to allow me to live with trading I look for opportunities that make money available. Obviously I will try to maximize the cost/benefit ratio. If a prop firm with 750 euros give me 100K of capital available, it pays me 12% of the profits generated and when I have reached 10% profit it gives me back the money invested, why should I invest 98 euros plus 38/month without certainty of having the capital available ....?
PS: Please don't disregard the fact that US traders cannot trade with Darwinex Classic, so D-Zero is the perfect gateway for them to join our ecosystem!
Hmmm...If you are an experienced trader or profitable trader already, D-Zero was not designed for you; you are ready for Darwinex classic.
Thanks for your reply!Hmmm...
What's true:
you have a much faster chance to get a prize for a profitable month with D-Zero than with DarwinIA, and just in the beginning there are 40 higher prizes available than to expect in DarwinIA after trading a real account for nearly a year when you are eligible for DarwinIA.
The weak spot - in both competitions - is the risk manager creating a VaR (and the unnecessary target VaR) that the trading profit can be cut significantly.