Are you currently using Darwinex as your primary trading platform, but looking to see what else is out there? Well, you’ve certainly come to the right place as we are going to present 5 Darwinex alternatives.
Darwinex alternative and Darwinex competitors – the 5 best sites like Darwinex
It is important to recognise that that the following list of sites like Darwinex are in no particular order. We know how Darwinex and Darwins work, and we know what this platform offers it has more to do with investing in instruments (Darwins) than with trading them.
So we have made a list thinking at similar features you might find in the other copy trading platforms.
To find out more about any of the alternatives, simply click on the respective link to read our comprehensive reviews and guides.
Let’s start with ZuluTrade.
Launched back in 2007, ZuluTrade is a cross-broker platform that allow users to engage in both copy trading and social trading. Alongside traditional financial products, it is also possible to speculate on a variety of cryptocurrency assets. The set-up at ZuluTrade is slightly different to the other Darwinex alternatives on our list, as they are purely a platform that facilitates external brokers. In 2015, ZuluTrade added an extra layer of legitimacy to its brand as the European Union issued the platform an EU Portfolio Management License. ZuluTrade offers an innovative way of simplified investing on traders (rather than trading by yourself), called ZuluTrade Traders’ Combo.
Next on our list of brokers like Darwinex is the famous eToro. First launched in 2006 and based in Cyprus, the eToro platform has a significant range of investment products at their disposal. This includes CFDs and commodities, currencies, indices and even cryptocurrencies. In terms of regulation, the platform is registered by both the UK’s Financial Conduct Authority and the Cypriot Investment Firm. The most innovative and facilitating investment features is by far the eToro Copyfunds. With Copy Funds you don’t social trade, and you don’t copy trade, you simply invest a sum in a fund that will replicate other selected instruments, or even a basket of traders.
3. Naga Trader (former SwipeStox)
Created in 2015 and based in Germany, Naga Trader is a formidable alternative to Darwinex. Originally called SwipeStox until they re-branded, the platform offers both social and copy trading, as well as the option to build a portfolio of your favourite traders. Naga Trader hosts more than 750 individual financial instruments, which covers a range of CFDs, currency pairings, cryptocurrencies and stocks. Regarding regulation, the platform is registered by the Cyprus Securities and Exchange Commission. Their innovative and facilitated investment feature is called NAGA CYBO, an AI Drive Robo Advisor that will trade on your behalf based on your settings.
Operating since 2012 and with its headquarters in Malta, Tradeo is another alternative to Darwinex, but this time without particular and innovative investing instruments. The copy trading feature available at Tradeo is good, and the platform not only allows you to copy other expert traders, but you can also access ongoing strategy commentary. As with the other Darwinex alternatives we have covered, Tradeo offer a full suite of financial instruments – including stocks, currencies, indices and more. On top of being regulated by the Malta Financial Service Authority, they are also registered with the Cyprus Securities and Exchange Commission, which adds a strong layer oversight on your account.
The last alternative to Darwinex that we wanted to show you is Ayondo. First launched in 2009, Ayondo is similar to ZuluTrade, insofar that a big emphasis is put on their copy trading features. However, the key difference is that Ayondo is an actual broker and as such, do not rely on the services of external brokers. The platform is fully regulated by both the Financial Conduct Authority and the Federal Financial Supervisory Authority, in the UK and Germany respectively.
And that’s the end of our Darwinex alternatives list. Each platform has their own advantages and disadvantages, so it’s always best to consider your individual needs. We have impartially reviewed each of the aforementioned platforms in more detail, so for more information simply click on their respective link above.