Darwinex to remove low & medium risk DARWINs from platform

Darwinex, a technology provider and an FCA-regulated broker and asset manager, has announced some major changes to its investment platform.

The changes will affect the risk levels of DARWINs (Dynamic Asset and Risk Weighted Investment). Up until now, every such investment by a given strategy was offered at three risk levels: low, medium and high, with each implying a different leverage. This is changing, as the company waves goodbye to low and medium risk DARWINs.

  • With immediate effect, new purchases of medium and low risk DARWINs are disabled.
  • From next week, low and medium risk DARWINs will NOT be visible in the new interface.

Traders who have invested (demo or live) in low and medium risk DARWINs, are advised to sell by Monday next week all their low and medium risk DARWIN holdings.

Medium and low risk DARWINs will continue in one’s portfolio after next Monday and traders will still be able to sell them for the next 2 weeks. However, because the new interface is NOT designed to allow for multiple risk types, Darwinex will force-sell them by mid-September at the latest.

Darwinex attributes the decision to the following two reasons:

  • Listing parallel versions of each DARWIN was creating confusion, technological effort and usability issues.
  • Most investors opt for the high risk versions of DARWINs anyway.

You can read the official announcement on the changes to Darwinex by clicking here.

To learn more about the essence of Darwinex and Darwins, check out this interview.

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