Daweda Exchange

UPDATE (12.06.2017):

Daweda has shut down their operations.

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Old Review:

A fairly new binary options exchange, Daweda Exchange already has a reputation as an enjoyable trading experience. Many traders are finding this type of service appealing as it is an innovative and exciting new method of trading binary options.

Daweda Exchange offers traders full return of their investment, total control of their funds and an exciting opportunity to compete with other traders. Read more about this exciting trading system in our Daweda Exchange review!

Basic information:

Online since: 2016
Jurisdiction: Cyprus
Software: proprietary software
Max Returns: 95%
Bonus: 25-100%
Minimum Deposit: $100
Minimum Investment: $10
Maximum Investment: $20000
Currencies: USD, EUR
Mobile: Yes
Countries: All nations excl. USA, Australia and NZ

Pros:

  • Minimum deposit of $100
  • Wide variety of educational resources and materials
  • Free demo account
  • Ability to auto trade
  • Helpful customer service
  • Mobile app for both Android and i-Phone

Cons:

  • No information on minimum withdrawal amount
  • No live chat

7 Binary Options Rating:

4,5 stars

Daweda Exchange Account Features

As Daweda Exchange is a binary options exchange, traders compete with other traders as opposed to brokers. This makes trading binary options both challenging and interesting. And in addition, they offer a great many appealing features to make the trading experience a memorable one for everyone.

The required minimum deposit for Daweda Exchange is only $100, which is extremely reasonable and thus makes this system appealing to both new and experienced traders alike.

One of the best features of this platform is their free demo account. All it requires is basic registration. When utilizing the free demo account, traders use virtual money to initiate trades with no limitations. This is an excellent way for traders to gain the overall feel of the platform as well as to learn the basics of binary options trading. As well, they also offer automated trading.

Since traders are betting against each other rather than the house, Daweda Exchange is a neutral party. There is no fee to join, other than the minimal deposit. However, there is a $0.50 cent fee per trade.

Daweda Exchange Trading Software

During our Daweda Exchange review, we learned that they are a proprietary trading platform and have apps for both Apple and Android operating systems.  Mobile apps are especially appealing to those who prefer to trade while on the go as opposed to being tied to computer screen. These apps give traders the ability to trade wherever and whenever they like.

Daweda Exchange trading platform is extremely easy to navigate as it provides an overview of every trade that is being places. Traders are able to select their favorite assets and keep them organized in a separate tab. If they prefer, they can use existing tabs. Traders have the ability to trade high/low options. Expiry times vary depending on the chosen asset and range from 5 minutes to “end of day.”

Screenshot

Daweda Exchange Support Information

The customer support staff at Daweda Exchange is willing to assist their traders with any questions and concerns. To reach customer support, traders can either email or use the online form. We believe a live chat option would be a great feature since binary exchanges are still new and many traders are not familiar with how they operate.

In addition to English, the website is offered in German, French, Russian and Arabic.

Daweda Exchange offers a useful educational section that offers guidelines and books on trading strategies and various aspects of trading. Traders can make use of the free demo account to test their skills.

Daweda Exchange Banking and Company Info

Daweda Exchange is owned and operated by Daweda Exchange Ltd. They are licensed with CySEC under license number 289/16.

The minimum deposit with Daweda Exchange is $100. However there is no detail about the minimum amount required for withdrawal. This information should be listed in the Terms and Conditions tab as well as the FAQ section as this is essential for traders.

Traders can use Maestro, Diners, Skrill, Webmoney and Visa or Mastercard to make a deposit or withdrawal with Daweda Exchange. Withdrawals are processed within 24 hours but time may vary depending on the method of payment utilized by the trader.

Conclusion

We are pleased with our Daweda Exchange review and find them to be a reputable trading platform and not a scam. With their easy to use interface, helpful customer service and free demo account, we find this to be a trustworthy, safe and reliable means of trading.

Additional information

Customer Service: email or online form
Languages: German, French, Russian and Arabic
Trading Options: High/Low, On Demand (60 Sec), One Touch, Range
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 60 seconds
Deposits and Withdrawals: Maestro, Diners, Skrill, Webmoney and Visa or Mastercard
Withdrawal Time: 24 hours
Demo account: Yes

1 comment

  1. James Do   •  

    hi
    could you pls tell me know are there have any companies likes Daweda? I mean is ” traders compete with other traders as opposed to brokers.”

    Hope you reply to me by email

    tks alot

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