Why we selected Darwinex as our Broker and Investment platform
After the 3 months challenge (Good, Bad & Ugly Portfolios), and given the results (NLSSP Results) by outperforming the Top40 by quite some margin as well as outperforming 80 Funds I could compare it to, I am moving the program on to a bigger and better stage.
As mentioned in the NLSSP Results there are several improvements that could be made to increase performance and improve on returns. I also realized I had to scale the Next Level Share Selection Program ( NLSSP Explained ) so Investors can benefit from it in the future. Either through copy trading, managed funds, and/or in partnership with a CFA or Financial Institution. Lastly, I want to maximize the returns by increasing the exposure, to the levels at which some Hedge Funds operate. So my main focus was to find a suitable broker where I could scale my program.
Halfway through the 3 month challenge, I had already opened an account with IG Markets to test the waters and see what the program could do with gearing and if IG Markets was a good fit for me, as I have worked with them many years ago and their rates looked good to start with. I made 223% return on my first month and I posted all the trades here. ( IG Market Trades ) (I am currently up 40% for the second month)
But after I ran a full analysis on my trades, I realized that they had charged me upward of 3% on certain trades (instead of the 0,5% flat rate they advertised). They just increase their costs on trades after 30 days without letting me know. (It was in the fine print though) I posted an article on it ( IG Market Exposed ). Their customer service is extremely poor, to say the least, and this was not the path I wanted to follow.
76% of their customers lose money trading CFD's on their platform, which I thought was higher than the market average, but I was wrong...... they are at the lower end and that was an eye-opener when comparing all the largest brokers against each other! 8 of the largest online brokers (eToro, XM, FX Pro, Plus 500, XTB, Ava Trade, and IG Markets) all have between 75-81% of their customers lose money when trading on their platform. This is not a figure I wanted to see, and this became the benchmark focus on finding my new broker, as I wanted a broker that gave me an advantage in trading for the long term. All these brokers have some way of luring you to join them, but they eventually get your money in some other way. Like eToro, they are competitive in many aspects, and "only" 75% of their customers lose money, but when you make a withdrawal, you get slammed with high fees.
Taking all the above factors into consideration and my history with IG Markets, my new broker had to have the following. Offer CFD trading of stocks at very competitive rates have good customer service, offer a "copy trading" platform where I could scale my trading strategy to the public, superior liquidity, have more than 120 Stocks and other assets to trade, and where investors could monitor my returns over time. It would also help if all parties were regulated and protected and I had a trading platform where I could automate trades in the future. I also needed to find Investor capital that I could run under management for investors or an Institution.
It was a mammoth search..... and well....then I came across Darwinex! They were the solution to each and every requirement I had, and exceeding my expectations in just about all of them. Firstly they have only 61% of traders on their platform losing money. "Why were their traders so much more successful than all the other large brokers? Were the traders just better or do Darwinex create an environment conducive to good returns for traders? " And the answer is....Both!
Darwinex Invests €30Mil (R600mil) of their own capital into their best traders. "Say what?? No Broker does that?" Yep...... they run a monthly competition every month where, by the end of it, they allocate €5Mil to the Top80 performers on their platform to manage for the next 6 months. The traders then get a 15% performance fee on the net profits they make over the next 6 months on this allocation. Of course, Darwinex will need a proven track record before they entrust their investment in the top traders, and hence they monitor numerous aspects of trades, and with all their metrics, traders get a Darwin-Rating according to their track record over time. This rating determines your eligibility to manage their funds.
By putting up this large amount of money they attract the best traders in the world to their platform.
Not only does their investment competition attract the best traders in the world, but it shows their trust and commitment to these traders and their platform. They create an environment that gives a trader the best chance to succeed because they put their money where their mouths are. And to show their commitment, even more, they are increasing their Investment amount to €36Mil (R720mil) from June 2020. Darwinex also offers the lowest rates, spreads, and trading costs and ensures that their traders have all the tools to be successful, and most importantly, they don't take the other side of your trade.....and that's only the first part!
The traders create one or multiple trading strategies, called a Darwin/s, and trade these strategies on the platform. These Darwins (Trading strategies) are regulated by Darwinex to best protect Investor capital. Traders have all the major indexes, Commodities, Currencies, Cryptocurrencies and 250+ of the largest global companies to trade in and they have both Metatrader 4 and 5 available to trade on. These are the most widely used and one of the best trading platforms to use for trading.
For Investors, there are currently about 4000+ Darwins to choose from. Investors can invest in one or more of these Darwins and the best traders do offer impressive returns. When An investor allocates their funds to a Darwin, you hold the same positions as the trader and mimic all the trades and the value of the Darwin over the period you are invested. If you don't like one of your traders' performance, you can re-allocate your funds to another Darwin, with the click of a button. No questions, no paperwork, no hassle. The Investor is spoiled for choice and can allocate their funds in whichever way they choose.
Darwinex is also regulated by the FCA and Investors are protected for Investment amounts of up to £500 000 (R11mil). What's more, is, they have now cut the trading costs for Investors by 60%. This is now the Investor heaven because you have 4000+ of the best trading strategies to select, and it's at the lowest rates available.
For me, Darwinex offers absolutely everything and more on one platform and is a great fit for my program to thrive going forward. I have already created 2 Darwins in conjunction with 2 partners on my "Just Next Level" account. One is called the Perfect Aggressive Portfolio and the other the Perfect Stocks Portfolio. I will expand more on these strategies in a later post. I need a 31 day trading track record before Darwinex makes it available for the public to view the stats and for it to become Investable. The PSP Darwin was created first, 7 days ago, and has already grown by 5,4% in the first week.
Although traders (or Providers) like me are restricted in the risk we can take, the Investor has the option to increase the leverage on their investments. They could opt for 1x, 1,5x or 3x increased exposure should they wish to do so. This means that with $1000, they could invest $3000 in Darwins of their choice and this would amplify their returns to be greater than the original Darwins.
Darwinex has attracted the world's best traders to their platform. They offer 4000+ of the best trading strategies for Investors to choose from, at extremely low trading costs. They provide Investors with the platform and all the information to pick and choose the strategies from the best traders in the world to grow their assets.
I am now really using this program to its full potential and it will soon be available for everyone to view the performance and for Darwinex to monitor all aspects of it. I have had a look at all the top performers on Darwinex and there are some good traders, but as I have said in posts before, this program is in a league of its own. I know what it does and how it predicts future share prices with a very high degree of accuracy. I do not think that any algorithm or any other trading program used on Darwinex could outperform this one.
So, once again I am willing to eat my hat (or any Veil creation) if one of the following does not happen.
If one of my Darwins vs. the 4000 Darwins does not make the Top50 in earnings after 3 months, one of my Darwins does not make the Top5 in earnings after 6 months, or if one of my Darwins is not Number 1 in earnings after one year.......I will eat a whole Hat....I promise.
I know it's a bold statement and might seem cocky, but if I am not Bold, as with the 3 months challenge......I set myself up for failure......and besides, who doesn't want to see someone lose and eat their hat (or something really veil)!
Anyway, I highly recommend Darwinex and for those that want to join to see how it works, please use the link below, as the referral will help me provide everyone with better Darwins in future. There are no charges or running costs when creating an account, and you have the option to create a trading or Investing account, or both if you want to add the option later. Create a demo trading account to start and filter through all the Darwins and select a few to invest in to see how it works and become familiar with the platform.
If you run into any problems, mail Info@darwinex.com and you will find out how good their customer service is. (Best by any broker I have seen)
All the best, and keep safe
Should you have any other questions or further information please mail me at email@example.com. I will be happy to help if I can.