Permanent Allocations allow you to purchase a non-expiring notional allocation for your DARWIN.
Depending on the option selected, the allocation may be granted immediately or after your DARWIN achieves a target return of 5% or 10% from the moment of purchase.
The performance target applies to your DARWIN, not to your underlying trading account.
When can I purchase a Permanent Allocation?
Permanent allocations can only be purchased from Darwinex Zero interface. You can login to your account at darwinexzero.com using your Darwinex account credentials.
You can purchase a Permanent Allocation when:
- The calibration stage has been completed and your DARWIN has been created.
- Your DARWIN has no open trades, or the markets underlying its open trades are currently open.
The purchase option will not be available when the DARWIN has not yet been created or when it has open trades in markets that are closed.
To avoid periods of high volatility, purchases are also disabled between 17:00 and 18:00 New York time.
You can find this option in your account under:
Payments → Subscriptions
What Permanent Allocation options are available?
The available options depend on the allocation amount and the selected return target:
| Allocation | Target return | Price EUR | Price USD |
|---|---|---|---|
| €25,000 | None — instant | €455 | $505 |
| €50,000 | None — instant | €900 | $1,000 |
| €50,000 | 5% | €500 | $550 |
| €50,000 | 10% | €270 | $300 |
| €100,000 | None — instant | €1,795 | $1,995 |
| €100,000 | 5% | €995 | $1,095 |
| €100,000 | 10% | €535 | $595 |
There are two types of Permanent Allocation:
Instant Permanent Allocation
No return target is required. The selected allocation is granted automatically after the purchase has been completed.
The allocation enters at the DARWIN quote recorded at the close of the current minute.
Target-based Permanent Allocation
The allocation is granted once your DARWIN achieves the selected return target from the quote recorded immediately after purchase.
A higher return target results in a lower purchase price. For example, a €50,000 allocation costs:
- €500 with a 5% target.
- €270 with a 10% target.
After purchasing a target-based allocation, you will be able to see the target quote and a progress bar showing how close your DARWIN is to reaching it.
Credits obtained through referral programmes or from performance fees that have not been withdrawn may be used to purchase a Permanent Allocation.
How is the target return calculated?
The target is calculated from your DARWIN’s quote immediately after the purchase.
For example, suppose your DARWIN has a quote of 110 when you purchase a Permanent Allocation with a 10% target.
The target quote would be:
110 × 1.10 = 121
The allocation would therefore be granted when the DARWIN reaches a quote of 121.
Can I still participate in DarwinIA?
Yes. Permanent Allocations are independent from DarwinIA.
Your DARWIN can continue participating in DarwinIA and earning performance fees from any DarwinIA allocations it receives.
Permanent Allocations and DarwinIA allocations are tracked separately, and their performance fees are calculated and paid independently.
Can I lose a Permanent Allocation?
A Permanent Allocation does not expire and has no ongoing performance requirements.
However, restarting your Darwinex Zero subscription will result in the loss of:
- Any active option to earn a target-based Permanent Allocation.
- Any Permanent Allocation already received.
How do performance fees work?
Once the allocation has been granted, you receive a 15% performance fee on the profits generated by the Permanent Allocation.
Performance fees are calculated and paid every three months from the date on which the allocation was received, subject to a quarterly High-Water Mark.
The calculation is:
Allocation × return above the High-Water Mark × 15%
Example
Suppose you purchase a €100,000 Permanent Allocation with a 10% target when your DARWIN has a quote of 110.
The allocation would be granted when the DARWIN reaches a quote of 121, representing an additional return of 10% from the purchase point.
Assume the allocation is granted on 1 January and the DARWIN then generates a further return of 10% by 1 April.
The performance fee would be:
€100,000 × 10% × 15% = €1,500
The next calculation would take place on 1 July, and subsequently every three months, subject to the applicable High-Water Mark.