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Darwinex has shared upcoming alterations to DarwinIA.
DarwinIA is introducing a two-level program, rewarding traders right from the start and as they establish their trading history. The first level, called DarwinIA SILVER, allows traders to have the opportunity to receive an allocation in their initial participation.
This offers a significant advantage for clients compared to the existing DarwinIA program. Where traders must have a longer track record before being eligible for an allocation.
In order to be eligible for seed capital in DarwinIA SILVER, DARWINs must meet a minimum rating requirement. This rating is based on three factors: the performance in the current month, the overall performance in the past five months. And the largest drop in value experienced in the last six months.
This new way of determining which traders receive investment focuses on the importance of maintaining a consistently strong performance over time, rather than punishing traders for just one bad month. Additionally, Darwinex recognizes the importance of encouraging traders early on in their career, and this new method will do exactly that.
DarwinIA GOLD: Unlocking Potential and Presenting to Real Investors
The second level of the program, called DarwinIA GOLD, begins when a trader has consistently performed well for 8 months. At this point, Darwinex starts to view the trader as someone worth presenting to real investors.
When you have been consistently performing well for 8 months, Darwinex starts to see you as a trader with potential and may present you to real investors.
To be considered for an allocation in DarwinIA GOLD, only your returns during the current month will be taken into account. You will compete with other top traders on the platform to receive allocations. And the key factor will be who can consistently outperform the market each month.
Allocations in DarwinIA GOLD can be as high as €500,000 per month, which is higher compared to DarwinIA SILVER.
Currently, traders on Darwinex and Darwinex Zero have their own separate versions of DarwinIA. However, both types of traders must use the same trading skills and risk management strategies to be given seed capital. Whether they use a virtual money account or a live brokerage account, they still need to demonstrate their abilities to attract investment. The ultimate goal is to remain successful on both platforms.
Merging Investment Programs: Fair Opportunities and New Track Record Approach
The two investment programs, DarwinIA Seed Capital Allocation, are merging. This means that traders from both platforms will have equal chances to receive seed capital and gradually build their asset management career in a fair and rewarding way. The merger allows both trading communities to participate together and compete against each other to obtain seed capital. In the future, you will see DARWINs with the regular 3-character ticker symbols, as well as DARWINs from Darwinex Zero that will have 4-character ticker symbols.
Darwinex is introducing a new approach when dealing with migrated track records for DarwinIA SILVER and DarwinIA GOLD. This change will only affect DARWINs that have been approved after the new policy is implemented and will not apply to past records.
Silver Level
The rating for a DarwinIA SILVER DARWIN will be determined by the returns it generates from the time it migrates to Darwinex, starting from its first trade in Darwinex’s account. The only advantage of this DARWIN compared to one that has always been in the Darwinex ecosystem is that it can be created more quickly because Darwinex can use the trading history from another broker to calibrate its risk engine.
Gold Level
Darwinex will review the performance history of DARWINs and evaluate if they are eligible for DarwinIA GOLD. This assessment will be carried out after a thorough examination of DARWINs that meet the necessary criteria for GOLD level or are on the verge of meeting them.
The release of DarwinIA SILVER and DarwinIA GOLD is planned for September 2023, but there is a possibility that their launch may be postponed until October.
