Darwinex or Atom8? | Forex Factory

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Darwinex or Atom8?

  • Poll

  • Darwinex or Atom 8?
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  • #1
  • First Post: Jul 6, 2015 11:19am Jul 6, 2015 11:19am
Sup folks, just wondering what you guys think of these 2 brokers. As it stands I'm 60/40 in favour of Darwinex (mostly because of their Darwinia platform, of which I've been told I'd need a Real trading account to participate in). Atom 8 do seem good and their spreads are very much similar to Darwinex but Darwinex also have commissions which I'm not too fond of.
  • #2
  • Jul 6, 2015 11:42am Jul 6, 2015 11:42am
I am testing out Darwinex as we speak with a small live account.
So far so good, fast execution, tight spreads, little slippage.

I am interested in Darwinex because of their system whereby you can use their license to manage other peoples money so you don't need to get liceced by yourself.
Other reasons are the FCSC insurance, the fact that they absolutly have no conflict of interest against their clients and their order execution policy.

I am also going to look at Activtrades.
Never tried Atom8 but i might give them a go as well.
  • #3
  • Jul 6, 2015 11:44am Jul 6, 2015 11:44am
Quoting Dkam
I am testing out Darwinex as we speak with a small live account. So far so good, fast execution, tight spreads, little slippage. I am interested in Darwinex because of their system whereby you can use their license to manage other peoples money so you don't need to get liceced by yourself. Other reasons are the FCSC insurance, the fact that they absolutly have no conflict of interest against their clients and their order execution policy. I am also going to look at Activtrades. Never tried Atom8 but i might give them a go as well.
Yeah I'm currently with Activtrades and I like them. I will likely have 2 accounts after this Alpari thing clears up
  • #4
  • Edited 12:08pm Jul 6, 2015 11:53am | Edited 12:08pm
Quoting xMeruem
{quote} Yeah I'm currently with Activtrades and I like them. I will likely have 2 accounts after this Alpari thing clears up
How is your experience with Activtrades?
Edit: If you don't want to go oftopic here you can send me a PM.
  • #5
  • Jul 6, 2015 12:12pm Jul 6, 2015 12:12pm
Quoting Dkam
{quote} How is your experience with Activtrades? Edit: If you don't want to go oftopic here you can send me a PM.
It's been good, generally the spreads are tight (I think the only spreads I've seen tighter are from Atom 8, Darwinex and LCG). Slippage is rare although there was a spread spike last friday (maybe due to the Greece situation). They have Negative Balance Protection and they say you're funds are covered by the FSCS upto £500k instead of the usual 50k
  • #6
  • Jul 6, 2015 12:21pm Jul 6, 2015 12:21pm
Also, does anyone know if these 2 brokers share the same providers? Darwinex' MT4 Bridge is PrimeXM and that's the same as Atom 8's demo account.
  • #7
  • Jul 6, 2015 12:26pm Jul 6, 2015 12:26pm
Quoting xMeruem
{quote} It's been good, generally the spreads are tight (I think the only spreads I've seen tighter are from Atom 8, Darwinex and LCG). Slippage is rare although there was a spread spike last friday (maybe due to the Greece situation). They have Negative Balance Protection and they say you're funds are covered by the FSCS upto 500k instead of the usual 50k
Quote from their risk disclosure:

Activtrades PLC holds all client funds in segregated bank accounts. All client funds are subject to the client money rules of the FCA.
Further to these safeguards, clients of Activtrades PLC are also protected under the Financial Service Compensation Scheme up to a maximum value of £50.000.
  • #8
  • Jul 6, 2015 12:37pm Jul 6, 2015 12:37pm
Quoting Dkam
{quote} Quote from their risk disclosure: Activtrades PLC holds all client funds in segregated bank accounts. All client funds are subject to the client money rules of the FCA. Further to these safeguards, clients of Activtrades PLC are also protected under the Financial Service Compensation Scheme up to a maximum value of 50.000.
Correction, they seem to have an additional insurance with Lloyds London for up to £500.000.
  • #9
  • Jul 7, 2015 3:22am Jul 7, 2015 3:22am
I would go with Atom8. Atom8 offers ECN pricing, .2 pip on EUR/USD with low commissions.
Number #1 in PnL and Pips on Dukascopy Trader Contest since 2011
  • #10
  • Jul 7, 2015 3:27am Jul 7, 2015 3:27am
Darwinex are just a white label of LMAX who's top of book is tiny (Aprox 5-10 lots) Atom8's top of book is 100 lots. If you are a serious trader the Atom8 feed is far superior for execution which lets face it is the most important thing.
  • #11
  • Jul 7, 2015 4:15am Jul 7, 2015 4:15am
Quoting WhiteFX
Darwinex are just a white label of LMAX who's top of book is tiny (Aprox 5-10 lots) Atom8's top of book is 100 lots. If you are a serious trader the Atom8 feed is far superior for execution which lets face it is the most important thing.
But... Darwinia...
  • #12
  • Jul 7, 2015 7:10am Jul 7, 2015 7:10am
I'm very vocal about it and make no apologies for being biased in favour of Atom8. They're hands down the best broker I've dealt with in over a decade of trading.
  • #13
  • Jul 7, 2015 11:32am Jul 7, 2015 11:32am
Atom 8 is also a white label if I am not mistaken.
  • #14
  • Jul 7, 2015 11:41am Jul 7, 2015 11:41am
Quoting mitch77
Atom 8 is also a white label if I am not mistaken.
Yes its a Dukascopy whitelabel with a FCA license..
  • #15
  • Jul 7, 2015 12:15pm Jul 7, 2015 12:15pm
Quoting mitch77
Atom 8 is also a white label if I am not mistaken.
What does that mean?
  • #16
  • Jul 7, 2015 12:27pm Jul 7, 2015 12:27pm
Quoting xMeruem
{quote} What does that mean?
It means basically exactly what it says.....they are a white label just like Darwinex.
  • #17
  • Jul 7, 2015 1:01pm Jul 7, 2015 1:01pm
Quoting mitch77
{quote} It means basically exactly what it says.....they are a white label just like Darwinex.
What is a white label?
  • #18
  • Jul 7, 2015 1:17pm Jul 7, 2015 1:17pm
They are talking someone else's trading platform and liquidity and resell it under their own name.
  • #19
  • Jul 7, 2015 1:24pm Jul 7, 2015 1:24pm
Yes, Atom8 is a white label of Dukascopy, but whereas you need $100k to open a FIX API account directly with Dukascopy's Jforex platform, you can get the same account for less than a tenth at Atom8. Also, Atom8 have other white label partnerships besides Dukascopy. You can get Sucden liquidity through the Integral platform for less than going straight to source. Plus, their standard MT4 offering has PrimeXM liquidity. They also allow FIX API connections to MT4 as well, which you won't find with too many brokers. I can't remember who their LP is for that, but they do offer it. So don't pigeonhole them as merely being affiliated with Dukascopy. To do so would be a grave misjustice.

Quite apart from what they offer in terms of liquidity and range of platforms, my primary reason for trumpeting their cause is down to the customer service they provide - you won't find anything like it anywhere. I've dealt with David Andrews and Anish Lal countless times on the phone, by email and via Skype and not once have I felt like I was being messed around or that they didn't have time to devote to me. The company is still fairly new and by no means the biggest outfit in the world, so I am sure their time could have been better spent than dealing with me, but the key thing to take away is that they've always given me the time I required and not once did I ever detect frustration or exasperation in their voices.

I'm not trying to say that Darwinex or any other company is bad (although I could tell you some horror stories about my times with GT247, Crown Forex, MF Global and PFG Best!), but for someone who's personally tested over 100 brokers and done the research on close to a 1000, Atom8 blows all of them out of the water.
  • #20
  • Jul 8, 2015 3:28am Jul 8, 2015 3:28am
Quoting mitch77
Atom 8 is also a white label if I am not mistaken.
Quoting shrike
{quote} Yes its a Dukascopy whitelabel with a FCA license..
You are quite right Atom8 do offer the J-Forex Platform with Dukas Liquidity in it but they can also offer Dukas Liquidity through MT4 and via FIX as Ian K has mentioned.

They also offer their own liquidity through Xcore and Sucden through Intergral, MT4 or FIX.

To say they are just a White Label just like Darwinex is not entirely accurate.

I have mostly dealt with David Rapp from Atom8 but have also had dealings with Anish Lal and David Andrews and would echo the sentiments of Ian K and confirm the service and support I have had from them has been second to none.
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