Darwinex adds ETF CFDs to its direct-indexing platform
FCA regulated online trading firm Darwinex has announced a new milestone in its product rollout plan, with the launch of 101 US ETF CFDs.
The new addition opens the door to retail traders who are interested in trading Exchange Traded Funds. Traditional USD ETFs listed on US exchanges are limited to professional clients in Europe, as opposed to CFDs, which are widely available to retail traders.
The ETF CFD universe at Darwinex includes 101 ETFs in a variety of industries like finance, consumer staples, technology, energy, health care and many more. ETF CFDs are a long-requested feature on Darwinex platform, which already offers US Stocks, Futures, FX, Indices, Commodities and Stocks CFDs.
Darwinex will seed ETF CFD-based strategies, which it calls “DARWINs”. The seed programme allocates up to €10 million notional a month to the best 150 trading strategies, paying providers 15% performance. ETF CFD-based strategies are also open for 3rd party capital.
Darwinex co-founder and Head of Product, Javier Colón, said:
“We constantly work to expand our assets universe for DARWIN providers to monetize investor capital, at next to zero cost. With this latest addition we are one step closer to complete our ambitious asset roll out plan”.
Darwinex, operated by FCA regulated Tradeslide Trading Tech Limited, owns a Broker and an Asset Management arm. Darwinex sources multi-asset strategies via its Brokerage unit and packages them for onward direct-indexing via its asset management arm. Strategy providers enjoy regulatory cover to monetize investor capital, whilst investors are protected by arm’s length risk management. Founded in 2012, Darwinex employs over 60 people across its London headquarters and develops proprietary technology in its Madrid (Spain) office. Darwinex remains founder-led, and received €3M funding in 2021.