Other brokers invested their ressources more wisely. In comparison, let’s consider Dukascopy for an instant.
They have developped a
state of the art trading platform available on all OS (MT4 still available) they offer a
free API (Java) outside of FIX (high condition requirements), instead of complex coding modules dedicated to experts they are maintaining a
visual coding assistant for beginners, they offer a
swiss multi-currency bank account (with non marked-up balance conversions) and a debit card (like IB) to directly spend the trading profits, they have their
own cryptocurrency which allows to benefit in the companies’ success like revenue splits on commissions and liquidity generated by and for the ECN and more, they offer a
PAMM solution with 4 different types of flexible fees to de deployed (in the event you’re compliant), they offer custom incentives for
external service providers who can then set custom commissions for the acquired clients, their account control panel is the neatest I’ve seen over the years, they offer close personal support with a dedicated account manager for each client and maintain a
forum, they offer 2 regulations (EU and swiss) including one that escapes ESMA rules without the need to rely on a pro status, they offer various
ongoing contests with prizes also (although the criterias are wrong by pushing contenders to overtrade towards bankrupcy), they run their own media (TV) about economic / financial news.
Overall, money very well spent tactically in the development of tools and services that traders and prospects
actually understand easily and care about. In the end, Dukascopy is an ecosystem with satellites taken care of.
On the other hand, Darwinex is a lonesome asteroid floating in space, outside of the Darwin product, a very common standard broker leading a honeypot profile propelled by effortless non-promotional marketing to develop their activity (surely, Dukascopy runs a shady arguable Miss Dukascopy contest, so what, this is smart advertising, since the world essentially revolves around money and sex). They are on a mission of leveraging assets but neglected about developing quite a few brokerage parts. Something that will be partly taken care of with the InteractiveBrokers’ integration but IB also comes with a higher access and lack of flexibility due to their status and sophistication. Darwinex is pursuing a niche quest so I doubt they will ever fix their shortcomings but continue to develop their own advantages, which is fine to take this spot. Out of which, I hope that the promise of the private label will raise the bar of expectations with a unique framework at what they do well (legal copytrading), what for now appears to attain a limited scope and reach.
I discovered that FundSeeder supports not only futures trading but also forex and CFD via Dukascopy or LMAX (and more). This appears as a flexible and viable alternative (without the non-sense of say, other competitors left in the field like Collective2) to expect to be backed at managing OPM (Other People’s Money) beyond the retail investors’ sphere. I will certainly give it a go on the side. But the requirement is to drive a 50k own account, something I can only consider to do at a broker that suits my needs with appropriate tools and services, not that MetaQuotes gimmick with nothing around.
striker.com
I had a french representative call me once
www.admis.com
