Darwinex, a pioneering online brokerage firm, has launched D-Zero, a monthly subscription service that enables traders to build their track record and raise investor capital from a virtual trading account, with zero risk.
Darwinex
D-Zero provides users with a virtual trading account that can be used to attract investment to their trading strategy. If a profit is generated on the investments, the user will receive 15% of that profit as a reward for their skills.
Signing up for D-Zero is a straightforward and quick process, made easier by the virtual account setup. Interested individuals can sign up by clicking on any of the numerous ‘Get Started’ or ‘Sign up’ buttons on the Darwinex Zero website, which will bring them to the beginning of the registration process.
The registration process involves providing personal details and choosing the type of virtual trading account, either Forex & CFDs on MT5 or Forex & CFDs on MT4. After choosing the account and checking the Terms & Conditions, the user needs to fill out the complete form, make the payment, verify their D-Zero account, and set their passwords. The user will then receive login and password details for their MetaTrader MT4 or MT5 account.
The D-Zero journey begins with Stage 0, the ‘Training Stage’. During this phase, users need to trade in their virtual accounts in the same way they would normally trade. Darwinex asks users to accrue a number of trading decisions over a minimum of 10 trading days, allowing the risk engine to analyze their trading style and perform an initial assessment of how they manage risk so that it can calibrate accordingly.
The trades placed in the signal account produce trading signals that are then analyzed by the Darwinex risk engine. The engine generates the user’s DARWIN Index, which is based on their trades but with an adjusted level of risk, making it comparable with all other DARWINs on the platform.
Once both the DARWIN and risk management criteria reach 100%, the training stage is complete, and the user’s DARWIN Index can be created. The DARWIN Ticker, unique to each user, is then allocated, and the user can see their progress towards their DARWIN being created on the platform.
Following this, the user can give Darwinex permission to read and copy their trades, which will underpin their DARWIN Index. The user will participate in Darwinex’s monthly Seed Capital Allocation Programme, DarwinIA, where traders participate to get capital allocations. These allocations are considered as Darwinex investing in the user and their trading talent.
The sign-up fee for D-Zero is €95, which is higher than the subsequent ongoing monthly subscription costs of €38. The sign-up fee includes the Darwinex Zero account, the user’s trading platform of choice throughout the whole duration of the training stage, and the first month’s participation in DarwinIA SILVER.
For more information visit Darwinex’s official website www.darwinex.com
Wheelwright boasts prior experience with UKHSA, Nomura, Dresdner Kleinwort, and UBS. The executive’s hiring follows IG Group’s agreement to purchase Small Exchange.
IG Group Appoints Group Adam Wheelwright CTO
London-based spread betting and CFD trading provider, IG Group, has enlisted Adam Wheelwright, formerly a Managing Director at NatWest Group, as its Chief Technology Officer. The company aims to accelerate its innovation initiatives with Wheelwright’s appointment.
In a Tuesday statement, IG Group mentioned that Wheelwright will assume his new role on April 17, 2023, and will be stationed at the firm’s London office. The seasoned executive brings nearly 30 years of financial industry experience to the position.
Wheelwright’s appointment comes on the heels of IG Group’s announcement that it will acquire Small Exchange in order to broaden its US offerings and utilize the Chicago-based futures exchange’s trading technology.
Prior to joining IG Group, Wheelwright held the position of Chief Information Officer for the National Health Service (NHS) Test and Trace team, a government-funded service that eventually became part of the UK Health Security Agency (UKHSA). During his tenure, he played a pivotal role in “the design, delivery, and evolution of all technological solutions supporting the nation’s pandemic response,” according to IG Group.
For more information about the broker visit their official webpage – iggroup.com
Joe Rundle brings over 20 years of experience in the financial industry, having held key roles at notable forex and CFDs brands like ThinkMarkets, OvalX, and Markets.com. His expertise spans trading, partnerships, and growth strategies, making him a valuable asset in the financial sector.
InterTrader Appoints Joe Rundle as New CEO
InterTrader, a provider of spread betting and CFDs services, has appointedJoe Rundle, former Chief of Staff at Capital.com, as their new Chief Executive Officer. Rundle is set to assume the position in early April and brings over two decades of industry experience.
Rundle joined Capital.com over a year ago, taking on a Cyprus-based role that led the brokerage firm’s growth and diversification strategy. He has also been running a proprietary trading business, TradeOurCapital, since last year. Before joining Capital.com, Rundle held positions at prominent forex and CFDs brands like ThinkMarkets, OvalX, and Markets.com.
In his new role at InterTrader, Rundle aims to expand the company’s offerings beyond CFDs and spread betting to cater to a broader range of client’s financial needs. He plans to prioritize customer-centric multi-asset and multi-product solutions with a strong focus on regulation and responsibility.
Rundle’s extensive background includes stints as Director of Trading and Partnerships at both ThinkMarkets and OvalX, as well as heading CFDs and execution at OvalX for six years. His career began in 2001 as a trader at Saxon Financial, a proprietary trading firm.
To learn more about the broker, visit their official website- www.intertrader.com
Capital.com, a leading online trading platform, has announced the appointment of Niamh Byrne as its new Head of UK & Ireland. Byrne will be joining Capital.com from IG Group, a well-established and respected name in the online trading industry.
Capital.com hires Niamh Byrne
Byrne brings with her a wealth of experience in the online trading space, having spent the last 14 years working at IG Group. Prior to her role at IG Group, she held senior positions at leading companies such as UK B2B2C Sales at London-based IG Group.
In her new role at Capital.com, Byrne will be responsible for leading the company’s growth in the UK and Ireland, working closely with local partners and stakeholders to build the Capital.com brand and provide exceptional customer service to its growing client base.
According to the broker, Byrne’s appointment will play a crucial role in advancing the company’s operations in the UK and assisting with the implementation of its recently signed agreement with forex and CFDs broker, OvalX.
The brokerage firm has announced its intention to acquire the client assets of OvalX. As part of the agreement, both OvalX and Capital.com have stated that they will provide some of OvalX’s current retail and professional clients the option to move their accounts to Capital.com, allowing them to maintain their trading activities without interruption.
“We are thrilled to welcome Niamh to the Capital.com team,” said Ivan Gowan, CEO of Capital.com. “Her extensive experience in the online trading industry and her passion for delivering exceptional customer service make her the ideal candidate to lead our growth in the UK and Ireland. We are confident that her expertise and leadership will help us continue to provide our customers with the highest level of service and support.”
Capital.com is committed to providing its customers with cutting-edge technology and a comprehensive range of investment opportunities, making it easier for people to manage their finances and reach their financial goals. With the addition of Byrne to its team, Capital.com is well-positioned to continue its growth and success in the UK and Ireland.
The appointment of Byrne is seen as a significant move for Capital.com and a testament to the company’s commitment to delivering the best possible service to its customers. It also signals the company’s intention to establish itself as a major player in the online trading industry in the UK and Ireland.
To learn more about the broker visit their official website – capital.com
For this Capital.comreview, we have opened a standard account with the broker and deposited over €3,500.
We traded the popular instrument in each markettoget the real spreads and placed a total of 15 trades.
We also reached out to customer support to solve the issues we faced.
Finally, we withdrew our funds to see if there are any issues with the withdrawal process.
What is Capital.com
Capital.com is a forex and contracts for differences (CFDs) broker with headquarter in London, the United Kingdom. The broker was founded in 2016.
Offerings of Capital.com include trading services with forex, indices, commodities, cryptocurrencies, and stock CFDs. It also offers spread betting in the UK and Ireland.
The broker is well-regulated with licenses in the United Kingdom, Cyprus, and Belarus.
Yes, Capital.com is a safe broker for trading from a regulatory standpoint.
The broker is regulated in 3 jurisdictions. The UK’s FCA is one of the most reputed regulators and also offers a compensation scheme of up to £85,000. Additionally, the clients under the CySEC-regulated entity receive a compensation scheme of €20,000 for the protection of their funds.
For our tests, we opened a Standard account on the MT4 platform with Capital Com SV Investments Limited which is regulated by CySEC in Cyprus.
Capital.com Fees and Commissions
Capital.com’s fees are built into spreads.
Spreads on our forex trades were much lower than the industry average benchmark. However, spreads charged for stocks and cryptocurrency trades are significantly higher than the industry benchmark.
Spread Charged in Our Trades
For our tests, we have chosen popular instruments in each market. We placed 3 trades for each instrument to get a picture of the average spread.
Spreads for our trades in all asset classes remained stable, much like fixed spreads. We only recorded variations in commodity spreads.
Details of our trades are shown below the table.
Markets
Instruments
1st trade
2nd trade
3rd trade
Avg. spread
Forex
EUR/USD
0.8
0.8
0.8
0.8
Indices
FTSE 100
1.4
1.4
1.4
1.4
Stocks
Apple
8.3
8.3
8.3
8.3
Commodities
Gold
2.8
3.3
3.25
3.12
Cryptocurrencies
Bitcoin
154
154
154
154
Our testing finds that forex spreads Capital.com is much lower than the industry average. Spreads on indices and gold are also on the lower side. However, spreads charges on stocks and cryptocurrency traders are too high.
Markets
Instruments
Avg. spread charged in our trades
Industry avg. spread
Forex
EUR/USD
0.8
1.16
Indices
FTSE 100
1.4
1.65
Stocks
Apple
8.3
1.75
Commodities
Gold
3.12
3.53
Cryptocurrencies
Bitcoin
154
72.81
Other Fees
Capital.com has minimum non-trading fees. The broker does not charge any deposit or withdrawal fees. Further, there are no inactivity or account maintenance fees either.
Account Types
Capital.com offers three types of accounts to retail traders
Our overall experience of opening a new account with Capital.com was smooth and quick.
We opened a Capital.com Standard Account for our tests under the Cyprus-regulated entity.
The process of registration of a new Capital.com account:
Enter email and password on the initial registration page (traders can also register using Google, Facebook, or Apple account)
Provide personal details like country of residence, nationality, and place of birth.
Provide details on trading experiences like duration of trading and financial instruments traded, among others.
Enter details of formal education and employment status. Also declare the annual income, source of income, wealth, and amount of annual expected investment.
Answer a few questions on trading knowledge.
Enter personal details like name, middle name, surname, residential address, and phone number. Also, select account currency and patent method.
We submitted the following documents to verify our Capital.com account:
Copy of national identification (both front and back)
Copy of passport
Theregistration process took around 16 minutes. Our account was verified on the same day.
Our account was registered on Februrary 17, 2023, and approved on the same day.
Our overall account opening experience was smoothand without any issues from registration to verification.
Capital.com Account Opening
Deposit and Withdrawal
Both deposits and withdrawals on Capital.com are easy and fast.
The broker does not charge any fees on deposits and withdrawals
Minimum Deposit
Minimum deposits on Capital.com vary with the account type.
Standard account: $20
Plus account: $3,000
Premier account: $10,000
For deposits via bank transfer, Capital.com requires a minimum deposit of $250.
Deposit
Capital.com supports deposits with bank transfers, credit and debit cards, and payment platforms likeSofort, iDeal, Giropay, Multibanko, Przelewy24, QIWI, Webmoney, ApplePay, Trustly, 2c2p, or AstropayTEF.
We tested the deposit process on Capital.com only using a debit card. We were disappointed with the lack of support for popular eWallets like PayPal, Skrill, or Neteller.
Details of our fund deposits are shown in the below table.
Payment Method
Submitted Date
Funded Account Date
Funding Time
Fee
Debit card
2023-02-26
2023-02-26
Instant
0
Capital.com Fund Deposit
Capital.com Withdrawal
Capital.com allows withdrawals with bank transfers, credit and debit cards, and other methods that are supported for deposits.
Overall, our experience with the Capital.com withdrawal process was positive, but we faced an issue with our first withdrawal request.
Details of our withdrawal requests are in the table below.
Payment Method
Submitted Date
Fund Released Date
Fund Arrived Date
Withdrawal Time
Fee
Debit card
2023-02-27
Declined
NA
NA
NA
Debit card
2023-02-27
2023-02-29
2023-02-29
2 working days
0
We submitted our first withdrawal request on 27th December but received an email from Capital.com saying that our withdrawal was declined.
On inquiry, the broker’s support team suggested us to try and submit a withdrawal request again or they will process the withdrawal using bank transfer.
We insisted to withdraw the funds to our debit card and initiated a second withdrawal request. Capital.com finally realeased our fund and we received it on December 29.
Markets and Products
Capital.com offers CFDs trading services with forex, indices, stocks, commodities, and cryptocurrencies. The FCA regulated entity does not offer cryptocurrency instruments.
The complete list of Capital.com offerings are:
Markets
Instruments
Forex
138
Indices
27
Stocks
3,278
Commodities
38
Cryptocurrencies
239
The markets and the number of offered instruments will depend on the account jurisdiction.
Trading Conditions
Capital.com offers excellent trading conditions. The broker allows hedging and scalping strategies and traders can change leverage levels as well.
Trading Method
Allowed
Hedging
Yes
Scalping
Yes
Change Leverage
Yes
Leverage
Leverages offered by the various entities of Capital.com are detailed below:
Markets
Capital Com (UK) Limited
Capital Com SV Investments Limited
Closed joint-stock company “Capital Com Bel”
Major Currency Pairs
30:1
30:1
100:1
Non-Major Currency Pairs
20:1
20:1
100:1
Gold
20:1
20:1
100:1
Other Commodities (except Gold)
10:1
10:1
100:1
Indices
5:1
5:1
100:1
Stocks
5:1
5:1
5:1
Cryptocurrencies
NA
2:1
5:1
Trading Platform
Capital.com offers the two trading platforms:
Capital.com trading app (the brokers proprietary platform)
MetaQuotes Software-developed MetaTrader 4 is available on desktop, web, and mobile, while Capital.com trading app is available on the web and mobile platforms.
Live chat (also on WhatsApp, Telegram, Facebook Messenger or Viber)
Email
Phone
The support staff is available 24/7.
Our experience with Capital.com customer support was mixed.
Though most of the time the support staff responded quickly with accurate answers, some of our questions went unanswered.
Question
Response Time
Quality of reply
Live Chat
Asked several questions on trading platforms, deposits, and withdrawals
1-2 minute
Clear and accurate
Live Chat
We couldn’t log in to our client portal. There was a pop-up window saying we need to contact their support team.
10 minute
Late, but accurate
Email
Asked questions on withdrawal fees and also issues with our first withdrawal request
2 hours
Clear and detailed
Email
Asked why they haven’t released our withdrawal fund even after more than 24 hours
No reply
NA
When we first tried to withdraw funds, the withdraw button on the client portal page wasn’t clickable and our balance was showing in negative, which wasn’t correct.
We approached customer support and the glitch was fixed the next day. However, we did not receive any notification from Capital.com after the fix.
Capital.com Customer Support
The broker also has a detailed FAQ section for frequently faced issues.
Conclusion
Our overall experience with Capital.com was positive.
The spreads charged on our forex trades were much lower than the industry average, but it was too stable. However, spreads on stocks and cryptocurrencies were high.
Capital.com allows hedging and scalping. Traders can also change the leverage levels.
The broker does not charge fees for deposits or withdrawals, but payment methods are limited. The customer support was also good and most of the responses were clear and detailed.
We recommend Capital.com to forex traders who run EA and other trading strategies.
