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Execution report section

29 June 2016

Perhaps because currencies are THE oldest asset around, spot foreign exchange trading remained over the counter (OTC) over the years and has yet to move onto regulated exchanges the way other asset classes (think spot equities, futures, interest rates, etc.) have long done.

When it comes to the independent traders, this is bad news. OTC trading is OK as long as between it’s equals (think GS vs. UBS) who trade with (e.g. bet against) each other. 2-sided bets between market makers simultaneously set the prices at which they bet against more vulnerable retail counterparts was bound to enjoy a bad reputation. A party plays the game (takes risk) and is the referee (sets the prices!) for the outcome of the game is further compound by the fact that a dealer knows A LOT more about its customers than its customers know about said dealer:

  1. The trader’s balance (how long can he hold on to a position?)
  2. The traders track-record (is he any good?, what’s his trading pattern?)
  3. Any stop-losses etc.

In short, as a retail trader, trading against a retail market maker is engaging an asymmetric battle on several accounts:

  1. Information (the dealer knows more about the retail trader than the retail trader knows about the dealer)
  2. Experience – the average life of a retail trader is counted in months
  3. Capital – as someone once put it, “the market can stay irrational a lot longer than you can stay solvent” (especially if you trade 500:1 leverage 🙂
  4. Last look / re-quotes: dealers unilaterally reserve the right to reject / re-quote trades on the feed they publish in the first place

Yes, there is regulation to prevent abuse, and it works in respectable jurisdictions: no-one forces traders into ill-advised high leverage trades that blow accounts. But regardless, forex “brokers” (note, most forex “brokers” are actually making markets, and the word that describes that activity is dealing, not brokering!) don’t enjoy presumption of innocence. The moment a trade doesn’t go as planned (e.g. yielding a handsome profit), even DMA brokers like Darwinex regularly receive accusations of execution malpractice – unsurprising given how prone to abuse the system is.

There’s only two recipes to prove our innocence:

  1. Incentives: as a pure broker (click here to learn how to tell a broker from a broker-dealer / market maker) our allegiance is 100% with our trading customers. We have NOTHING to gain from deliberately filling a client’s order other than at the best available market price. Whenever customers get slipped, it’s because we got slipped.
  2. Transparency: from this point onwards, we will provide every Darwinex customer with EVERY detail on EACH order traded.

Where’s my Execution Report?

To access your Execution Quality section, log in at Darwinex.com –> Click Trading Accounts  –> Click the relevant account’s name. You’ll find the new tab at the bottom of your strategy’s report.

Note: this section is only available for Darwinex live account holders. 

What detail?

See below screenshot!

For each trade, the report contains:

  1. Prevailing BID & ASK price at the precise ms timestamp for each trade
  2. Execution speed in milliseconds, tracking the time lapsing since your order reaches our routing engine until we receive fill confirmation from the LP.
  3. Negative / positive slippage (if any) tracking the difference between requested and achieved fill price, both in terms of price and pips.

Note: Data are updated every weekend to avoid excessive requests to our servers during weekdays.

What’s next?

We’re working on several upgrades! Feel free to suggest features / charts / filters you’d like us to develop.

Do you have any question about the new execution section? Feel free to contact us at info@darwinex.com!

Last News
apalancamiento esma

NextEra Energy Stock Split 4:1

19 October 2020

The NextEra Energy stock split is approaching. At Darwinex we will apply the stock split on October 27th.

The NextEra Energy stock split is approaching. $NEE shares will be split 4-for-1. The number of shares will be multiplied by 4 and share prices divided by this same value.

At Darwinex we will apply the stock split on Tuesday October 27th at market open.

In live accounts we will adjust open position to the split without the need to close and reopen trades. Pending orders will be cancelled. In MT5, the hedged positions will be closed and the split will be applied to the resulting net position.

In demo accounts we will close all open positions in $NEE on Monday afternoon. Pending orders will be cancelled.

$NEE stocks will be available for trading from Tuesday, October 27th, at the post-split price.

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

End of Daylight Saving Time in Europe (October 25th 2020)

Please note that Daylight Saving Time (DST) ends in Europe on Sunday October 25th 2020 but our MT4 nd MT5 servers’ time is not changing until Sunday November 1st 2020 when DST ends in the US.

Please note that Daylight Saving Time (DST) ends in Europe on Sunday October 25th 2020 but our MT4 nd MT5 servers’ time is not changing until Sunday November 1st 2020 when DST ends in the US.

This means that there will be 1 week (October 25th through November 1st) where, for European users, most markets will open 1 hour earlier than during European DST, e.g. FX market will open at 21:04:01 GMT.

Instrument Trading Hours (GMT)
FX 21:05 Sun – 20:55 Fri (except 20:59:50 – 21:04:01 daily) 
DARWINS 21:05 Sun – 20:55 Fri (except 20:59 – 21:05 daily)
COMM.  
XAUUSD 22:01 Sun – 20:55 Fri (except 20:59 – 22:01 daily)
XAGUSD 22:00:01 Sun – 20:55 Fri (except 20:59:50 – 22:00:01 daily)
XTIUSD 22:00 Sun – 20:55 Fri (except 21:00:01 – 22:00 daily)
XNGUSD 22:00 Sun – 20:55 Fri (except 21:00:01 – 22:00 daily)
INDICES  
AUS200 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
STOXX50 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
FCHI40 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
GDAXI 01:30 – 21:00 (Mon – Fri)
SPA35 07:00 – 19:00 (Mon – Fri)
J225 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
UK100 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
SPX500 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
NDX 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
WS30 22:00 Sun – 20:55 Fri (except 21:00 – 22:00 daily)
US STOCKS 13:31 -19:59 (Mon – Fri)

As always, at info@darwinex.com we’ll be glad to assist you with any question you may have!

apalancamiento esma

Margin increase for EURGBP and EURJPY this Friday (Professional Clients)

14 October 2020

Our margin requirement for the EURGBP and EURJPY pairs for Professional Clients is changing this Friday, October 16th 2020, around 17:00 BST.

Our margin requirement for the EURGBP and EURJPY pairs for Professional Clients is changing this Friday, October 16th 2020, around 17:00 BST.

The measure is due to the recent increase in market volatility.

The new margin requirement will be 1% for both EURGBP and EURJPY, replacing the previous 0.5%.

It will remain in place until further notice and will affect both existing and new positions.

Kindly make sure you have enough available margin and equity in your account for the new margin level.

Need help? Please don’t hesitate to contact us at info@darwinex.com.

apalancamiento esma

Discontinuation of cryptocurrencies from 2021

15 September 2020

From 2021 Darwinex will no longer offer cryptocurrencies. As a first step, on Monday 21 September we will deactivate the creation of new accounts.

From 2021 Darwinex will no longer offer cryptocurrencies. Their low demand from our customer base does not justify the regulatory risk involved.

As a first step towards the discontinuation of cryptocurrencies, on Monday 21 September we will deactivate the creation of new accounts.

The cryptocurrency accounts already opened will be able to continue operating until the end of the year.

Amended Trading Hours U.S. Labor Day 2020

27 August 2020

Please note the amended Darwinex trading hours for the upcoming U.S. Labor Day on September 7th, 2020. All times are UTC.

Please note the amended Darwinex trading hours for the upcoming U.S. Labor Day on September 7th, 2020. All times are UTC.

Labor Day 2020

For your convenience:

– Normal DARWIN trading hours

– Normal FX/CFD trading hours

– Annual Calendar of Amended Darwinex Trading Hours

Apple And Tesla Stock Splits

25 August 2020

Tesla’s and Apple’s stock splits are approaching. As of August 31st, Tesla shares will be split 5-for-1, and Apple’s 4-for-1. Existing shares of each company will be multiplied by 5 and 4, respectively, and their share prices divided by those same values. At Darwinex we will apply the stock split on the weekend of August […]

Tesla’s and Apple’s stock splits are approaching. As of August 31st, Tesla shares will be split 5-for-1, and Apple’s 4-for-1. Existing shares of each company will be multiplied by 5 and 4, respectively, and their share prices divided by those same values.

At Darwinex we will apply the stock split on the weekend of August 29th.

In live accounts we will adjust open positions in $AAPL and $TSLA to the split without the need to close and reopen trades. Pending orders will be cancelled.

In demo accounts, however, we will close all open positions in $AAPL and $TSLA on Friday afternoon. Pending orders will be cancelled.

Both $AAPL and $TSLA will be available for trading from Monday, August 31st, at post-split prices.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. -- % 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.