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FIX API Trading

25 November 2015

One relatively unknown – but valuable – component of our offering is FIX API trading.

This blog post provides a brief outline of what FIX is, what advantages it might offer to certain traders, and what our FIX package includes. Let us know if you feel any more information belongs in this blog post and we’ll be happy to update!

What is FIX?

FIX (short-hand for financial information exchange) is an open protocol used by financial institutions and independent traders of financial assets worldwide to trade.

fixproto

The FIX messaging standard is owned, maintained and developed through the collaborative efforts of FIX Trading Community™ member firms, which include many of the world’s leading financial institutions. These firms work together to ensure that the standard continues to meet emerging trading requirements and to promote its increased adoption, which presents huge potential benefits across the financial community.

Drawing an analogy with languages – you can think of FIX as a common language / lingua franca of sorts understood by all market participants when it comes to exchanging trading with each other.

What’s the point for me?

The 2 core benefits of FIX vs. MT4 – depending on your requirements – are flexibility and performance.

Flexibility accrues both on availability of order-types and platform independence. FIX is an order driven protocol – giving you access to the full market-depth (as opposed to just Top of Book) and the breadth of order-types available in the institutional market – many of whom are not supported by a trade-driven platform like MT4.

Flexibility also accrues from platform independence. EAs are MQL4 scripts – written in a specific language, for use with a specific trading platform (MT4). Whilst there’s a large community of developers in MQL, MQL4 algos do not carry over to other trading platforms without re-coding, because scripting language and trading platform are bundled.

By contrast, FIX is a universal standard – allowing you to program your algorithms in any programming environment, and send trades to any FIX compliant destination – which is not  a restriction since it’s universal – without the need to recode the core algorithm.

On latency, through FIX you’re tapping into the LPs directly, as opposed to through an additional technology layer (MT4 server): by definition FIX will be quicker by MT4’s internal processing time. Whether this makes a difference or not depends on the strategy: if time is of the essence (HFT, scalping, etc.) this might make a difference.

What does the Darwinex FIX package offer?

We provide a FIX connector through our bridge provider – PrimeXM – based on FIX 4.4 protocol.

Our service package includes the following:

  1. A choice of Liquidity Providers – trade with either of our Prime Brokers (Saxobank or the LMAX Exchange in London). Each of them aggregate 15+ bank and non-bank Liquidity Providers (LPs)
  2. A pricing account – with tick level market depth via a dedicated connection for all the symbols you wish to trade
  3. A trading account – allowing you to trade directly against the liquidity sources
  4. (Optionally) An MT4 hedge account – allowing you to both trade and monitor your exposure. This can be useful for practical purposes (tax statements) or accessibility (e.g. you could manage your FIX account on mobile).

We offer the package for a one-off fee of USD 500 and a minimum overall deposit of USD 5000 due to the fact that this is a non-standard set-up which incurs additional support costs for us. Furthermore, we reserve the right to evaluate each application on a case by case basis.

If you wish to discuss our FIX offering further, feel free to reach out to info@darwinex.com and we’ll be delighted to assist!

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apalancamiento esma

Choose among several banks when sending funds to your Wallet

13 September 2018

When sending funds to your Wallet via bank transfer, you can now choose among several banks. These banks are: – Santander UK – NatWest – Banc Sabadell London Choose whichever you prefer as the destination bank of your monies. After When clicking “Next”, you’ll receive all the details for the bank transfer on the screen […]

When sending funds to your Wallet via bank transfer, you can now choose among several banks. These banks are:

  • – Santander UK
  • – NatWest
  • – Banc Sabadell London

bank transfer options

Choose whichever you prefer as the destination bank of your monies. After When clicking “Next”, you’ll receive all the details for the bank transfer on the screen and via email.

Amended Trading Hours due to U.S. Labour Day on September 3rd, 2018

30 August 2018

Please note the amended Darwinex trading hours for the upcoming U.S. Labour Day on September 3rd, 2018. All times are in UK (BST) time.    Instrument Trading Hours on September 3rd 2018  COMMODITIES   Gold 23:01 Sun – 17:59 Mon Silver 23:00 Sun – 18:00 Mon Platinum 23:00 Sun – 18:00 Mon Palladium 23:00 Sun – 18:00 Mon US […]

Please note the amended Darwinex trading hours for the upcoming U.S. Labour Day on September 3rd, 2018. All times are in UK (BST) time.

 


 Instrument Trading Hours on September 3rd 2018
 COMMODITIES  
Gold 23:01 Sun – 17:59 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  
Japan 225 23:00 Sun – 18:00 Mon 
 US SPX 500 23:00 Sun – 18:00 Mon
 US Tech 100 23:00 Sun – 18:00 Mon
Wall Street 30 23:00 Sun – 18:00 Mon
US STOCKS
All US stocks CLOSED

 

The rest of the assets will trade according to their usual trading time. As always, at info@darwinex.com we’ll be happy to assist you!

UK100 index CFD will be closed on Monday 27th August

20 August 2018

Please note that the UK100 index CFD will be closed on Monday 27th August due to UK Summer Bank Holiday. All other assets will trade according to the usual trading hours. 

Please note that the UK100 index CFD will be closed on Monday 27th August due to UK Summer Bank Holiday. All other assets will trade according to the usual trading hours. 

apalancamiento esma

ESMA leverage on DEMO trading accounts as of July 26th

18 July 2018

New ESMA rules are around the corner and we want you to be prepared. Between July 24th and 25th, we’ll start modifying leverage conditions of assets on demo trading accounts. This way, as of July 26th, you’ll be able to check out how new ESMA conditions affect your demo accounts and be prepared for the […]

New ESMA rules are around the corner and we want you to be prepared.

Between July 24th and 25th, we’ll start modifying leverage conditions of assets on demo trading accounts. This way, as of July 26th, you’ll be able to check out how new ESMA conditions affect your demo accounts and be prepared for the leverage transition on real accounts.

Note that this only affects demo trading accounts. Transition to ESMA leverage restrictions on real trading accounts will follow the announced roadmap.

Darwinex Amended Trading Hours (US Independence Day)

27 June 2018

Please note the amended Darwinex trading hours for the upcoming US Independence Day holiday on 3 & 4 July 2018 (all times are in UK time).  Instrument 3 July 2018 (Tue) 4 July 2018 (Wed)  FX 22:05 Mon – 22:00 Tue 22:05 Tue – 22:00 Wed   DARWINS 22:05 Mon – 22:00 Tue 22:05 Tue – 22:00 Wed […]

Please note the amended Darwinex trading hours for the upcoming US Independence Day holiday on 3 & 4 July 2018 (all times are in UK time).

 Instrument 3 July 2018 (Tue) 4 July 2018 (Wed)
 FX 22:05 Mon – 22:00 Tue 22:05 Tue – 22:00 Wed
  DARWINS 22:05 Mon – 22:00 Tue 22:05 Tue – 22:00 Wed
 COMMODITIES    
Gold* 23:01 Mon – 21:59 Tue 23:01 Tue – 18:00 Wed
Silver* 23:00 Mon – 22:00 Tue 23:00 Tue – 18:00 Wed
Platinum* 23:00 Mon – 22:00 Tue 23:00 Tue – 18:00 Wed
Palladium* 23:00 Mon – 22:00 Tue 23:00 Tue – 18:00 Wed
US Crude* 23:00 Mon – 22:00 Tue 23:00 Tue – 17:45 Wed
Natural Gas* 23:00 Mon – 22:00 Tue 23:00 Tue – 17:45 Wed
 INDICES    
Australia 200 23:00 Mon – 22:00 Tue 23:00 Tue – 22:00 Wed
 Europe 50 23:00 Mon – 22:00 Tue 23:00 Tue – 22:00 Wed
France 40 23:00 Mon – 22:00 Tue 23:00 Tue – 22:00 Wed
Germany 30 07:00 – 21:00 07:00 – 21:00
Spain 35 07:00 – 19:00 07:00 – 19:00
Japan 225* 23:00 Mon – 18:15  Tue 23:00 Tue – 18:00 Wed
 UK 100 23:00 Mon – 22:00  Tue 23:00 Tue – 22:00 Wed
 US SPX 500* 23:00 Mon – 18:15 Tue 23:00 Tue – 18:00 Wed
 US Tech 100* 23:00 Mon – 18:15 Tue 23:00 Tue – 18:00 Wed
Wall Street 30* 23:00 Mon – 18:15 Tue 23:00 Tue – 18:00 Wed
 CRYPTO    
All Crypto Instruments  22:05 Mon – 22:00 Tue 22:05 Tue – 22:00 Wed
*Amended Darwinex trading hours.

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

Turkey General Elections on June 24th, 2018

21 June 2018

On Sunday June 24th, 2018, the first  round of general elections will be held in Turkey. If you plan to stay in the market during the weekend in pairs related to the Turkish lira (USDTRY, EURTRY y GPBTRY), please make sure you post margin / equity in your account as volatility is expected to increase […]

On Sunday June 24th, 2018, the first  round of general elections will be held in Turkey.

If you plan to stay in the market during the weekend in pairs related to the Turkish lira (USDTRY, EURTRY y GPBTRY), please make sure you post margin / equity in your account as volatility is expected to increase heading into the elections and upon Sunday’s market open. Although we are not planning to introduce changes to our margin requirements, please be informed that Darwinex reserves the right to change margin requirements as we move closer to the elections and depending on the outcome.

Should we decide to introduce any changes to our trading conditions, we’ll  contact you via email, blog post and social media as soon as possible.

Please do not hesitate to contact us at info@darwinex.com should you need assistance.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.