According to official sources, FCA regulated broker Tradeslide Trading Tech Limited, whose well-known subsidiary is Darwinex (Darwinex.com) – forex social and copy trading network, experienced an extraordinary increase in revenues and profits during its second full year of operation.
Revenues of Darwinex grew from just €146,500 in 2015 to slightly over €1.0 million in 2016 (year ended June 30), with Net Profit of €535,000.
Darwinex informed that by the middle of 2016 it was clearing about $8 billion per month of forex trading volumes through its system. On a geographic basis, about two-thirds of Darwinex’s trading activity originates from European clients, and one-third from Rest-of World.
Although still a relatively small player in the FCA licensed forex world, MT4 based Darwinex has kept its cost base low, employing (as of year-end) just its three co-founders and owners, brothers Juan (CEO) and Javier Colon, and CTO Miguel Gonzalez. The trio have managed to grow the business profitably so far, with minimal outside capital.
The company is offering a social and copy trading platform, which allows experienced traders to qualify as “DARWINS”. The DARWIN Exchange (Darwinex) lists trading strategies as tradable financial assets, allowing novice traders to copy the strategies of experienced traders.
Darwinex’s proprietary technology transforms each trading strategy into a tradable financial asset (therefore the name – DARWIN) managed by its FCA regulated Asset Manager. DARWIN’s live trades are kept private to protect traders’ intellectual property. DARWINs replicate only a trader’s timing, while Darwinex manages the risk – delivering investors a monthly Value-at-Risk target of 10%. DARWIN prices quote return since inception, indexed to 100 base. (e.g. If a DARWIN’s Return is 25%, its Quote is 125.00).
DARWIN Providers earn 20% quarterly performance fees, on a high-water mark basis.
Positive approach of the company is visible as Darwinex stated that it will continue in investments into technology and sufficient client support infrastructure.
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