Darwinex brokerage company is going to change the structure of the DarwinIA trader incentive program.
The broker announced that the DarwinIA will consist of two levels: DarwinIA SILVER and DarwinIA GOLD.
According to FNG, the first level, DarwinIA SILVER, will give traders the opportunity to receive allocations from the very beginning of their participation in the program. Previously, Darwinex users had to have a certain amount of time with the broker to enter the program and compete for allocations.
It is worth noting that despite the new conditions, to receive initial capital in DarwinIA SILVER, traders must meet the minimum required DARWIN rating, which takes into account the current month's return, cumulative returns over the past five months, and maximum drawdown over the past six months. This approach emphasizes the broker's desire to incentivize traders to maintain a good reputation.
The second level, called DarwinIA GOLD, is available after 8 months of stable operation, when Darwinex will be able to assess the trader's skills and prospects.
In this case, the broker will only take into account the return of the current month, and only the best traders on the platform will participate in the allocation. Allocations in DarwinIA GOLD can reach up to 500,000 Euros per month.
Currently, Darwinex traders and Darwinex Zero subscribers use separate versions of DarwinIA, but they must demonstrate strong risk management performance to receive initial capital. The broker noted that although some use a virtual account and others a live one, the most important factor is the trader's long-term vision.
Darwinex also said that the two DarwinIA Seed Capital Allocation programs will be merged to create a level playing field for participants in the competition aimed at obtaining seed capital.
The DarwinIA SILVER and DarwinIA GOLD programs are expected to launch in September 2023.
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