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Darwinia – Explained

20 May 2015

This video explains our monthly Darwinia trading challenge: why we run it, how it works, and what to expect if you win the allocation. We hope you enjoy it!

Darwinia is a monthly cash-prize for DARWIN providers. To provide a DARWIN, you must:

  1. Trade a live account with Darwinex
  2. Authorise Darwinex to market the DARWIN based on your trading for that live account

We started Darwinia in November 2014 with 2500 EUR, and it’s since grown to the current monthly pot.

Screen Shot 2015-05-20 at 00.30.12

Visit the latest ranking!

It’s called Darwinia to draw a parallel with Darwinian selection in nature – only skilled traders survive the market, and because it rewards DARWINs with high 0-10 Investment Attribute scores (thus DarwinIA).

In addition to abuse for the name :-), we receive questions on how the ranking works – which we hope to cover with this post.

Why (does Darwinex run) Darwinia?

There’s no point explaining how you do something without first explaining why you do it (here’s why). If you’re just after the ranking, jump to the end for an explanation. However, be warned: ignoring the why defeats Darwinia’s purpose.

So, first things first, here’s why we do this. At its core, Darwinex is 2 claims:

  1. Skilled traders are likelier than unskilled ones to win tomorrow.
  2. Darwinex algorithms detect trading skill, today.

Which all sounds very nice, but where’s the proof?

That’s one of the whys to Darwinia – to prove both claims above.  Here’s how our desired chain of thought works. We:

  1. Publish skill grades for all DARWINs,
  2. Pay the DARWIN providers with the highest grades every month
  3. Track the performance of their DARWINs over time

If Darwinian selection works, investors should, over time, detect overlap between:

  1. DARWINS who win monthly Darwinia prices,
  2. DARWINs with consistent long-term term performance,

Once they do, Darwinia will have proven that today’s skill delivers tomorrow’s investor profits.

As a bonus, it helps Darwinex walk the evolutionary talk…  Every broker talks trader alignment, but how many pay for Experience, Risk Management, Consistency, Timing, Performance and Scalability?

Why does it run monthly?

Once Darwinex reaches steady state, Darwinia ought to be a secondary revenue source to successful DARWIN providers, who will hopefully make a lot more from quarterly success-fees from investors in their DARWINs than the monthly Darwinia cash-prize.

Why do we place so much emphasis on quarterly success?

Because smart investors distrust churn based models. Commissions generated aren’t even a factor in the Darwinia ranking. Please note that Darwinex can legally charge for investor success because we hold the regulatory permission to do so: Darwinex is an FCA regulated asset manager!

As a bonus, rewarding success is a nice self-selection mechanism. Given the choice over success fees and commissions, truly consistent traders, who prefer success fees, self-select into joining Darwinex. Churn champions, on the other hand, stay clear – which is just what we want.

Why not pay monthly success fees?

On this, consistent traders and savvy investors have legitimate reasons to disagree.

DARWIN providers prefer monthly – success pay. They have a point: normal jobs pay weekly or monthly because living costs accrue daily. Surely if your strategy makes a profit month in, month out, you deserve a monthly check?

Which is when investors answer: what if a strategy wins amazingly in January, stays flat in February and implodes in March? Surely it would be a joke if Darwinex charged success fees for January? And they have a point.

That’s why we run a monthly cash-prize (Darwinia): to help bridge this trader-investor divide.  We believe our claims (1 Darwinia winners are worthy long term investments, and 2 high 0-10 grades are the difference between skilled and lucky winners). So we walk our talk by paying Darwinia monthly, and taking the middle ground between traders and investors.

Which brings us to your why for Darwinia. Think of it as help from Darwinex to quit your “other” job and pursue full time trading, with a starting base salary. We know the current first prize of 1200 Euro isn’t quite there yet, but hey, as Darwinex grows (and we are GROWING) we’ll grow the prize, so you too GROW.

How do I win Darwinia?

In a nutshell: by providing DARWINs with high grades every month, and hopefully winning.

These are the only inputs into the ranking

These are the only inputs into the ranking

The factors entering the ranking are listed on the Leadearbord:

  1. Each DARWIN’s 0-10 grades for the 6 Investment Attributes
  2. Each DARWIN’s Investor Performance in that month, with medium risk (10% monthly Value at Risk)
  3. Monthly activity: irrelevant as long as you trade as often as you normally do. It excludes those on (trading) holiday from that month’s prize.

Note: factors are listed in order of importance. High grades IA grades count logarithmically more than monthly profit.

A further point on the grades: Darwinia is ranked with the 7 Darwinex levels in the skill progression. A DARWIN with a 7/10 in all 6 IAs gets more points than one with e.g. stellar performance, but mediocre Risk Management. Above anything else, Darwinia rewards consistency across ALL 6 skills / investment attributes.

Why logarithmic? Because given a monthly profit, a:

  1. “Pro” (Level 7) has between 2 and 3 more chances to win than
  2. “Expert” (Level 6), who in turn has 2-3 times as many chances than
  3. “Rookie” (Level 5), etc.

Given a monthly profit, a “Pro” has 2.5 higher chances to win Darwinia than an Expert, 6.25 more than Rookie, etc.

It’s deliberate: we want you to worry about improving ALL grades, and ignore the rest.

We do it, because we want to prove to the world that when you seed skill, profits eventually follow.

Until independent traders and Darwinex get there, we hope Darwinia helps you get there, quicker.

Feedback!!!!

Please, please, please if there’s anything you feel we haven’t explained  clearly enough, don’t hesitate to ask and we’ll do our best to improve this blog-post!

Last News

Amended Trading Hours due to US Memorial Day & UK Spring Bank Holiday (28 May 2018)

22 May 2018

Please note the amended Darwinex trading hours for the upcoming US Memorial Day & UK Spring Bank Holiday on 28 May 2018 (all times are in UK time). Important: as explained in our Help Section, if you open / close an investment in a DARWIN that has an open trade in an asset which market […]

Please note the amended Darwinex trading hours for the upcoming US Memorial Day & UK Spring Bank Holiday on 28 May 2018 (all times are in UK time).

Important: as explained in our Help Section, if you open / close an investment in a DARWIN that has an open trade in an asset which market is closed (see amended trading hours in red below), the transaction will not be carried out immediately,  the investment will show up in your investor platform once it has been executed by our system when the index/commodity resumes trading on Monday night.

 Instrument Trading Hours
 FX  22:00 Sun – 22:00 Mon
  DARWINS  22.05 Sun – 22.00 Mon
 COMMODITIES
Gold* 23:00 Sun – 18:00 Mon
Silver* 23:00 Sun – 18:00 Mon
Platinum* 23:00 Sun – 18:00 Mon
Palladium* 23:00 Sun – 18:00 Mon
US Crude* 23:00 Sun – 17:45 Mon
Natural Gas* 23:00 Sun – 17:45 Mon
 INDICES
Australia 200 22:05 Sun – 22:00 Mon
 Europe 50 22:05 Sun – 22:00 Mon
France 40 22:05 Sun – 22:00 Mon
Germany 30 07:00 – 21:00
Spain 35 07:00 – 19:00
Japan 225*  22:05 Sun – 18:00 Mon 
 UK 100* Closed
 US SPX 500* 22:05 Sun – 18:00 Mon
 US Tech 100* 22:05 Sun – 18:00 Mon
Wall Street 30* 22:05 Sun – 18:00 Mon
*Amended Darwinex trading hours.

As always, at info@darwinex.com we’ll be happy to assist you!

Amended trading hours during German Public Holiday (21 May 2018)

16 May 2018

Please note the amended Darwinex trading hours for the German Public Holiday on 21 May 2018 (all times are in UK time).  Instrument Trading Hours  FX  22.05 Sun – 22.00 Mon   DARWINs  22.05 Sun – 22.00 Mon  COMMODITIES 23.00 Sun – 22.00 Mon  INDICES Australia 200 22.05 Sun – 22.00 Mon  Europe 50 22.05 Sun […]

Please note the amended Darwinex trading hours for the German Public Holiday on 21 May 2018 (all times are in UK time).

 Instrument Trading Hours
 FX  22.05 Sun – 22.00 Mon
  DARWINs  22.05 Sun – 22.00 Mon
 COMMODITIES 23.00 Sun – 22.00 Mon
 INDICES
Australia 200 22.05 Sun – 22.00 Mon
 Europe 50 22.05 Sun – 22.00 Mon
France 40 22.05 Sun – 22.00 Mon
Germany 30* Closed
Spain 35 07:00 – 19:00
Japan 225  22.05 Sun – 22.00 Mon 
 UK 100 22.05 Sun – 22.00 Mon
 US SPX 500 22.05 Sun – 22.00 Mon
 US Tech 100 22.05 Sun – 22.00 Mon
Wall Street 30 22.05 Sun – 22.00 Mon
*Amended Darwinex trading hours.

As always, at info@darwinex.com we’ll be happy to assist you!

Darwinex Trading Hours for UK Public Holiday (7 May 2018)

3 May 2018

Please note the amended Darwinex trading hours for the upcoming bank holiday in the UK on Monday, 7 May 2018 (all times are in UK time).  Instrument Trading Hours  FX 22:05 Sun – 22:00 Mon   DARWINS 22:05 Sun – 22:00 Mon  COMMODITIES   Gold 23:01 Sun – 21:59 Mon Silver 23:00 Sun – 22:00 Mon Platinum […]

Please note the amended Darwinex trading hours for the upcoming bank holiday in the UK on Monday, 7 May 2018 (all times are in UK time).

 Instrument Trading Hours
 FX 22:05 Sun – 22:00 Mon
  DARWINS 22:05 Sun – 22:00 Mon
 COMMODITIES  
Gold 23:01 Sun – 21:59 Mon
Silver 23:00 Sun – 22:00 Mon
Platinum 23:00 Sun – 22:00 Mon
Palladium 23:00 Sun – 22:00 Mon
US Crude 23:00 Sun – 22:00 Mon
Natural Gas 23:00 Sun – 22:00 Mon
 INDICES  
 Australia 200  23:00 Sun – 22:00 Mon
 Europe 50 23:00 Sun – 22:00 Mon
France 40 23:00 Sun – 22:00 Mon
Germany 30 07:00 – 21:00
Spain 35 07:00 – 19:00
Japan 225 23:00 Sun – 22:00 Mon
 UK 100* 23:00 Sun – 22:00 Mon
 US SPX 500 23:00 Sun – 22:00 Mon
 US Tech 100 23:00 Sun – 22:00 Mon
Wall Street 30 23:00 Sun – 22:00 Mon
*Amended Darwinex trading hours.

As always, at info@darwinex.com we’ll be happy to assist you!

Darwinex amended trading hours (1 May 2018)

24 April 2018

Please note the amended Darwinex trading hours for the upcoming bank holiday on 1 May 2018 (all times are in UK time).  Instrument Trading Hours  FX 22:01 Mon – 22:00 Tue   DARWINS 22:01 Mon – 22:00 Tue  COMMODITIES   Gold 23:01 Mon – 21:59 Tue Silver 23:00 Mon – 22:00 Tue Platinum 23:00 Mon – 22:00 Tue […]

Please note the amended Darwinex trading hours for the upcoming bank holiday on 1 May 2018 (all times are in UK time).

 Instrument Trading Hours
 FX 22:01 Mon – 22:00 Tue
  DARWINS 22:01 Mon – 22:00 Tue
 COMMODITIES  
Gold 23:01 Mon – 21:59 Tue
Silver 23:00 Mon – 22:00 Tue
Platinum 23:00 Mon – 22:00 Tue
Palladium 23:00 Mon – 22:00 Tue
US Crude 23:00 Mon – 22:00 Tue
Natural Gas 23:00 Mon – 22:00 Tue
 INDICES  
Australia 200 23:00 Mon – 22:00 Tue
 Europe 50* Closed
France 40* Closed
Germany 30* Closed
Spain 35* Closed
Japan 225 23:00 Mon – 22:00 Tue
UK 100 23:00 Mon – 22:00 Tue
 US SPX 500 23:00 Mon – 22:00 Tue
 US Tech 100 23:00 Mon – 22:00 Tue
Wall Street 30 23:00 Mon – 22:00 Tue
*Amended Darwinex trading hours.

As always, at info@darwinex.com we’ll be happy to assist you!

Darwinex Trading Hours for ANZAC Day

19 April 2018

Please note the amended Darwinex trading hours for the upcoming ANZAC Day on 25 April 2018 (all times are in UK time).  Instrument Trading Hours  FX 22:01 Wed – 22:00 Thu   DARWINS 22:01 Wed – 22:00 Thu  COMMODITIES   Gold 23:01 Wed – 21:59 Thu Silver 23:00 Wed – 22:00 Thu Platinum 23:00 Wed – 22:00 Thu Palladium […]

Please note the amended Darwinex trading hours for the upcoming ANZAC Day on 25 April 2018 (all times are in UK time).

 Instrument Trading Hours
 FX 22:01 Wed – 22:00 Thu
  DARWINS 22:01 Wed – 22:00 Thu
 COMMODITIES  
Gold 23:01 Wed – 21:59 Thu
Silver 23:00 Wed – 22:00 Thu
Platinum 23:00 Wed – 22:00 Thu
Palladium 23:00 Wed – 22:00 Thu
US Crude 23:00 Wed – 22:00 Thu
Natural Gas 23:00 Wed – 22:00 Thu
 INDICES  
Australia 200* 08:10 – 22:00
 Europe 50 23:00 Wed – 22:00 Thu
France 40 23:00 Wed – 22:00 Thu
Germany 30 07:00 – 21:00
Spain 35 07:00 – 19:00
Japan 225 23:00 Wed – 22:00 Thu
 UK 100 23:00 Wed – 22:00 Thu
 US SPX 500 23:00 Wed – 22:00 Thu
 US Tech 100 23:00 Wed – 22:00 Thu
Wall Street 30 23:00 Wed – 22:00 Thu
*Amended Darwinex trading hours.

As always, at info@darwinex.com we’ll be happy to assist you!

Change in bank account details for GBP deposits

6 April 2018

Over the next few days the segregated accounts for our GBP clients will be transferred over to a new FCA regulated banking entity. Your deposits remain protected under the Financial Services Compensation Scheme (FSCS). The change will be 100% automatic and will not require any action on your part. Nevertheless, due to the fact that […]

Over the next few days the segregated accounts for our GBP clients will be transferred over to a new FCA regulated banking entity. Your deposits remain protected under the Financial Services Compensation Scheme (FSCS). The change will be 100% automatic and will not require any action on your part.

Nevertheless, due to the fact that the bank account details used up until now for GBP deposits have been changed, if you wish to make a deposit via bank transfer, make sure to initiate the deposit from your Wallet in order to receive the new bank account details per email. This should be the way you always initiate a deposit as opposed to copying a previous deposit’s data.

We remain at your disposal at info@darwinex.com