Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Darwinex vs XTB.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Both Darwinex and XTB are rated 4 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Darwinex alongside XTB are regulated in a major hub. XTB is a publicly traded company, Darwinex isn't. How many currency pairs are available to trade? Darwinex trails XTB by 9 total currency pairs (for example, EUR/USD), with XTB offering 48 and Darwinex offering 39.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Darwinex and XTB both offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both brokers offer clients access to the same number of charting tools, 31. Darwinex and XTB offer the same number of indicators (eg, volume), 51.
Overall, XTB takes the upper hand with 4 stars over Darwinex's 3.5 stars. And, when it comes to individual category awards, unfortunately, neither Darwinex nor XTB received awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.