Darwinex had a huge margin requirement increase! | Forex Factory

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Darwinex had a huge margin requirement increase!

  • #1
  • First Post: May 2, 2017 12:12pm May 2, 2017 12:12pm
Darwinex huge margin increase!!!!!!!!!!!!!!!

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Long term traders: STAY AWAY FROM DARWINEX!!!!!
  • #2
  • May 2, 2017 12:33pm May 2, 2017 12:33pm
On the first round of the elections EUR/USD gapped 170 pips over the weekend. You can bet there were people ending up with negative balances again. This isn't unreasonable, although 3% would be enough too i guess.
  • #3
  • May 2, 2017 12:43pm May 2, 2017 12:43pm
Affecting thousands of serious long term traders (both long and short strategies, all existing and new positions, on practically all currencies) because a hundred ignorant traders lose a couple of bucks because of lack of experience or ill advised decisions is the sign of a very fragile broker, very very dangerous...

Darwinex is showing how fragile they are...meaning this is the sign they are a market maker...and not doing well at it at that....not worth the risk...any news event could make them the next Alpari....

I have a very small account with them, but I pity those that have large amounts....
  • #4
  • May 3, 2017 7:37am May 3, 2017 7:37am
Quoting meyoik
Affecting thousands of serious long term traders (both long and short strategies, all existing and new positions, on practically all currencies) because a hundred ignorant traders lose a couple of bucks because of lack of experience or ill advised decisions is the sign of a very fragile broker, very very dangerous... Darwinex is showing how fragile they are...meaning this is the sign they are a market maker...and not doing well at it at that....not worth the risk...any news event could make them the next Alpari.... I have a very small account with...
every broker tries to decrease their risks by cutting the leverage. I think that you kinda overreacting bro.
Alpari UK is not closed, their license is active I can see it on FCA website, and the clients got their deposits back.
I feel safe trading with FCA regulated brokers. And I like Darwinex, their ideas are awesome
  • #5
  • May 3, 2017 8:10am May 3, 2017 8:10am
What the fuck is going on here? I have noticed today I have 8 opened positions for a total of 0.12 lots. Some of them are even inter pair hedged! and my margin is 820%?!? I started thinking: "What is going on here? Hell, I will get margin called after few more flips?!?".

At the same time, I have similar 1k account with other broker and i have 0.21 lots opened, same pairs, same strategy, same everything, just different start at both places... The margin is 2440%.

I will close monitor what is happening at Darwinex. I am kind of fucked up now. No one send me any notice about the margin downgrade... Fucking morons! I fucking hate most brokers! Fucking scammers!

The third broker I use at least emailed me to notice me about the margin downsizing because of the French elections this weekend.

The other two brokers did nothing about the margin.

Not sharing any broker names, unless necessary.
Maadik Hugiis. IQ 69.
  • #6
  • May 3, 2017 8:15am May 3, 2017 8:15am
Quoting MoneyZilla
No one send me any notice about the margin downgrade... Fucking morons! I fucking hate most brokers! Fucking scammers! The third broker I use at least emailed me to notice me about the margin downsizing because of the French elections this weekend. The other two brokers did nothing about the margin. Not sharing any broker names, unless necessary.
I got an notification and Darwinex is doing everything right.
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"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #7
  • May 3, 2017 8:32am May 3, 2017 8:32am
Quoting michisuperfr
{quote} I got an notification and Darwinex is doing everything right. {image}
There is nothing about that into the fucking terminal!;-)))
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Maadik Hugiis. IQ 69.
  • #8
  • May 3, 2017 8:44am May 3, 2017 8:44am
Quoting MoneyZilla
{quote} There is nothing about that into the fucking terminal!;-))) {image}
Oh I see...I honestly never have the terminal open (Takes too much screen away) always checking my mails every morning
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #9
  • May 3, 2017 9:11am May 3, 2017 9:11am
Quoting michisuperfr
{quote} Oh I see...I honestly never have the terminal open (Takes too much screen away) always checking my mails every morning
This is how one of my five brokers did it properly... Took the screenshot on mobile... Two out of five downsized the margin. One of them emailed me. Darwinex did not...
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Maadik Hugiis. IQ 69.
  • #10
  • May 3, 2017 9:24am May 3, 2017 9:24am
They should email traders at least 24H before action.
Don't give up on your dreams. Keep sleeping.
  • #11
  • May 3, 2017 9:38am May 3, 2017 9:38am
Quoting MoneyZilla
{quote} This is how one of my five brokers did it properly... Took the screenshot on mobile... Two out of five downsized the margin. One of them emailed me. Darwinex did not... {image}
Are you sure? My friend also got the same E-Mail from them on friday... Weird, maybe just contact them
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #12
  • May 3, 2017 10:01am May 3, 2017 10:01am
Quoting MoneyZilla
{quote} Two out of five downsized the margin.
Three out of five downsized the margin. Just got this mail... Maybe Darwinex email will arrive later today or tomorrow? Lets prey...
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Maadik Hugiis. IQ 69.
  • #13
  • May 3, 2017 10:07am May 3, 2017 10:07am
Quoting MoneyZilla
{quote} Three out of five downsized the margin. Just got this mail... Maybe Darwinex email will arrive later today or tomorrow? Lets prey... {image}
still have 2% margin with eurusd at oanda...haven't got any email yet..
  • #14
  • May 3, 2017 11:16am May 3, 2017 11:16am
I believe you are overreacting my friend. One of Darwinex's unique feature is their DARWIN exchange program. Since the DARWIN traders are investing with "risk free money" a.k.a investor's money, it's only fair that Darwinex up margin to protect their DARWIN investors. Fret not...
Searching for some order in these apparent chaos...
  • #15
  • May 3, 2017 11:24am May 3, 2017 11:24am
April 19th I already got this e-mail from Darwinex:

"
Please note that high volatility is expected on EUR pairs, XAUUSD and European indices on market open next Sunday (23 April 2017) due to the French presidential election.
If you plan to keep open trades over the weekend, please make sure you post margin / equity in your account ahead of the expected volatility (we may change our margin requirements as we move closer to the election / depending on the outcome).
As always, at [email protected] we'll be happy to assist you.

Trade safe,
Your Darwinex Team"

Then April 28th I got this e-mail from Darwinex:

"
The second round of the French presidential election will take place on 7 May 2017.
Market has priced in a 7 % move should LePen win, which would take EURUSD to near parity if not through it on a liquidity spike.
In order to protect our customers from volatility spikes on market open, please be informed that our margin requirements are changing on 5 May 2017 at 06:00 UK time as described in our blog. The new margin requirements will remain in force until further notice and will affect both EXISTING and NEW positions.
Please make sure you fund your account to post enough available margin the days leading up to the voting / announcement of results, and failing that, reduce your exposure.
As always, at [email protected] we'll be happy to assist you.

Trade safe,
Your Darwinex Team"

I feel very comfortable with them warning me in time.
  • #16
  • May 4, 2017 5:32am May 4, 2017 5:32am
Every broker has the right cover themselves, but what Darwinex is doing is using that "legitimate concept" and twisting it to their own benefit by increasing their margin to an exaggerated exponential margin hike!!

And of course, there's always the traders here that think it's in the trader's best interest to do this....weak ignorant newbies that don't understand the real reasons why brokers resort to these cheap tricks...

Darwinex have shown their true colors which are: Darwinex is a market maker that will use margin increases funded by their clients to hedge and protect THEIR risk.



DARWINEX IS FORCING THEIR CLIENTS TO RAISE THEIR DEPOSITS 10 times!!!!!! Are you kidding me???!?!?!





STAY AWAY FROM DARWINEX, THIS A WEAK, FRAGILE, AND TOXIC BROKER - MARKET MAKER!!!!
  • #17
  • May 4, 2017 9:42pm May 4, 2017 9:42pm
Go their community site and fight there,not here.
https://community.darwinex.com/t/mar...-election/1815
  • #18
  • May 5, 2017 3:08am May 5, 2017 3:08am
You must be mad that you can't even trade a mini Lot now. Fools like you shall remain poor.
The only true wisdom is in knowing you know nothing.
  • #19
  • May 5, 2017 3:03pm May 5, 2017 3:03pm
Quoting aarontan
You must be mad that you can't even trade a mini Lot now. Fools like you shall remain poor.
This is hobby traders forum. As such, we can trade anything we like. Rich proffessional cunts chat elsewhere. So, fly fucking there..

By the way, who will remain poor or get rich is entirely out of your expertise, cause you are mister noone anyway and will remain such for your entire life... Life's opinion matters here, not yours. On the top of that - it does seem to me you are shooting quite far from the target... If you trade that similar way?!? Interesting...
Maadik Hugiis. IQ 69.
  • #20
  • May 5, 2017 3:18pm May 5, 2017 3:18pm
Quoting entheos
Go their community site and fight there,not here. https://community.darwinex.com/t/mar...-election/1815
Why not share here? When other potential Darwinex victims search in Google/Bing/Yahoo/ext. they will find this tread, too. Good to read it, cause I am forced now to lose 16% of my balance out of a blue sky for no good reason whatsoever... This is ridiculous. Never got an email notification. Other brokers sent notifications over, but not Darwinariumex.

Whatever the Darwinaria supporters have to say here, it is still 100% unfair behaviour, cause there are no email notifications, at all. Plus 0.12 opened lots used to be leave me with 800% free margin, now 0.14 lots leave me with just 150% of free margin. How this happens, I have zero idea...

I am thinking the guys behind Darwinex to be just plain cocksuckers (from Guatemala)... but I will behave civilized and will not say it, although I am really thinking (hard) about it...
Maadik Hugiis. IQ 69.
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