When I first saw Darwinex back in 2017, I thought it was a good decent broker. Today, as of Oct 2020, the broker is growing steadily with non to very little marketing or advertisements and now one of the world's fastest-growing Forex brokers.
Darwinex looks pretty solid. It's regulated under the Financial Conduct Authority or FCA (one of the world's most trusted Forex regulators) and it offers up to 500k GBP of insurance.
The good thing about this broker is that its business model leans towards its investor's profitability and they have no interest in its to traders lose money. Hence, they only offer 1:3 maximum leverage for its investors, making sure that one will blowout an account unnecessarily.
The broker calls its traders "darwin." Darwinex has created a place called "Darwin Exchange" which works like a stock market where a company gets listed and people go there to buy shares, whereas, at Darwin Exchange, you go to its exchange and "buy the trader." If you're a good trader, you can also get yourself listed in the exchange and become a "publicly traded trader" at Darwinex and get paid through profit sharing.
Our group has tried to invest in Darwinex, as well as creating an account as a trader and see if we can get listed one day. But for now, will be more than happy to share our darwins that we have bought
1. UZY - 20%
2. THA - 20%
3. SYO - 20%
4. ZVQ - 20%
5. YZZ - 20%
If you do not have self-control and discipline, please do your self a favor! Do not ever subscribe to a credit "doom" card. You are better off on a cash-to-cash basis and stop reading this article because this is not for you.
However, if you are a cheap stake or "kuripot" and knows how to handle finances very well, you are missing a lot of benefits and privileges if you do not have a credit card yet.
A better question is, should I speculate in Bitcoin?
If you bought 5,000 Pesos worth of Bitcoin in the year 2011 you would have owned 100 Bitcoin and you can sell it now in an instant at around 55 Million Pesos.