What exactly do I buy when I buy a DARWIN?
When you buy a DARWIN, Darwinex will start to replicate for you, the investor, the trades of the strategy underlying the DARWIN. If the DARWIN is in an open position the moment the investor buys the DARWIN, the open position will get immediately replicated for this investor. When a DARWIN has no open position when the investor buys the DARWIN, the next position of the DARWIN will be replicated for the investor together with the rest of the investors in the DARWIN.
When you sell a DARWIN, you immediately stop replicating the trades of the strategy underlying the DARWIN.
You can buy and sell DARWINs any time and on an immediate basis as long as the market for the assets the DARWIN is trading remains open. It is not possible, for example, to buy or sell DARWINs over the weekend.
Steps for buying or selling a DARWIN
For buying or selling a DARWIN, follow these steps:
What is the minimum / maximum I can invest in a DARWIN?
The minimum investment amount in a DARWIN is 200 units of your Wallet currency. Successive investments in the same DARWIN must be at least 25 units of the Wallet currency each.
The smallest amount that can be sold of an investment is 25 units of the Wallet currency as long as the remaining amount is equal or higher than 200. When only 200 are invested in a DARWIN, the whole amount must be sold for closing the investment.
The maximum amount that can be invested in a DARWIN is 100,000 units of your Wallet currency. However, should an investor be interested in investing more than 100,000 in a specific DARWIN, we’ll be happy to review their case and increase their limit.
Is it necessary to sell and re-buy a DARWIN to reinvest profits?
This is not necessary. As long as your investment in a DARWIN is open, the Open P&L of this investment gets automatically reinvested. In fact, if you sell and re-buy, Performance fee gets immediately retained and you won't be able to reinvest the whole P&L of your investment in that DARWIN.
The FIFO rule is followed when having subsequent investments in the same DARWIN
Darwinex follows the FIFO (first in, first out) criterion, i.e. when closing a part of your investment in a DARWIN after having made several investments in different moments and at different quotes, the first investment made will be the first to get closed.