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Screenshot of a breaking news alert e-mail from Q2 2017
LeapRate Exclusive… LeapRate has learned via regulatory filings made in the UK that FCA regulated broker Tradeslide Trading Tech Limited, which operates the Darwinex.com forex social and copy trading network, has seen a nice bump in Revenues and Profits during its second full year of operation.
Darwinex Revenues 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 stated 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.
Darwinex provides 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 (a DARWIN) managed by its FCA regulated Asset Manager:
- A 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.