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Daweda Exchange Review
Overview
Daweda Exchange (DE) is an online binary options trading exchange which allows peer to peer trading of binary options contracts. The business model of Daweda Exchange is very much similar […]
Full Review Details
| Broker | Daweda Exchange |
|---|---|
| Website URL NEW | https://en.daweda.com/ |
| Founded | 2020 |
| Headquarters | Cyprus |
| Support Types | Email , Telephone , Live Chat |
| Languages | English, Spanish, Russian, Italian |
| Trading Platform | web |
| Minimum 1st Deposit | $100 |
| Minimum Account Size | $100 |
| Minimum Trade Amount | $10 |
| Payout | 100% |
| Free Demo Account | |
| Regulated | |
| Regulation | CySec |
| Fees | |
| Fee Info | $0.50 |
| Account Types | Uniform |
| Deposit Methods | Credit/debit cards, Skrill, Neteller, WebMoney, Bank wires, |
| Withdrawal Methods | Credit/debit cards, Skrill, Neteller, WebMoney, Bank wires, |
| Number of Assets | 30+ |
| Expiry Times | , 15mins, 1 hour, 2 hours, |
| Types of Assets | Currencies, Stocks Indices, Commodities |
| Option Types | Buy/Sell |
| Trading Currency | USD, GBP, EUR |
| Account Currency | USD, GBP, EUR |
| US Traders Allowed | |
| Mobile Trading | |
| Overall Score | 60 |
Screenshots
- 100% Return
- No Conflict of Interest
- Hedging Possible
- Less number of assets
Full Review
Daweda Exchange (DE) is an online binary options trading exchange which allows peer to peer trading of binary options contracts. The business model of Daweda Exchange is very much similar to Nadex which is a well-known binary exchange based in the United States. The only disadvantage of Nadex is that it accepts clients from only few countries because of its strict US regulations. On the other hand, Daweda Exchange is fully authorized and regulated from the Cyprus Security & Exchange Commission (CySec) so it can accept clients from all over the world except the US.
How Does Daweda Exchange Work?
The main difference between Daweda Exchange and binary options brokers is that the DE involves no conflict of interest which is a major disadvantage of all binary brokers. At binary brokers, traders place their bets against brokers which means brokers are the losers when clients win and vice versa – resulting in a serious conflict of interest situation. On the other hand, Daweda Exchange allows traders to buy/sell binary options contracts from other traders so if one trader loses then the other trader wins and DE makes money from the trading of binary options contracts.
At Daweda, traders can get up to 100% rate of return as opposed to binary brokers who pay just 70%-80% average return on winning trades. In addition, Daweda exchange allows traders to hedge their trades if price starts moving against their desired direction. The exchange charges just 50 cents fee for every trade of binary options contract.
Main Features
Below are some main features of Daweda Exchange;
- Trade binary options contracts at your own price
- No conflict of interest – Daweda has nothing to lose or gain irrespective of your trading performance
- DE offers full transparency as opposed to binary brokers
- Traders get 100% return on winning trades
- Full statistics are available
- You can place a trade till the last second before contract is expired
- Automated Trading System (ATS) is available
- Round the clock binary trading
- Minimum trade investment is just $10
- Fee is only $0.50 per contract
- Hedging is allowed
CySec Regulated
Daweda Exchange is a fully authorized and licensed company. It is based and regulated by the Cyprus Security & Exchange Commission (CySec) under license number 289/16. It also complies with the standards of Markets in Financial Instruments Directive (MiFID) and International Payment Card Industry (PCI).
Available Assets
Daweda Exchange allows binary options trading in only little number of assets as opposed to binary options brokers who offer a comprehensive range of assets. DE selected only the most traded assets for binary trading so that traders could match price with other traders in maximum number of binary options contracts.
Deposits & Withdrawals
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Traders can use a number of payment methods for deposits and withdrawals at Daweda Exchange. The available payment methods include credit cards, debit cards, Skrill, Payoneer, Webmoney and bank transfers. The exchange allows withdrawal via the same payment method which is used for making deposits; this is one of requirements from the regulatory authority to comply with anti-money laundering laws.
Customer Support
DE provides professional customer support round the clock – seven days a week and 24 hours a day. The customer support is available through email, telephone and live chat. The customer support staff at DE is very polite, professional and cooperative.
7 Binary Options
UPDATE (12.06.2020):
Daweda has shut down their operations.
We recommend choosing one of our top binary option brokers instead:
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Try also Binary Option Robot if you are looking for automated binary trading. 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: 2020
7 Binary Options Rating:Daweda Exchange Account FeaturesAs 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 SoftwareDuring 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.” ScreenshotDaweda Exchange Support InformationThe 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 InfoDaweda 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. ConclusionWe 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 informationCustomer Service: email or online form Daweda Exchange Articles:7 Binary Options review: Daweda Exchange: 4,5 stars. Demo AccountAll Live & funded clients are entitled to a Non-Expiring Demo Account for strategy backtesting. Impressive customer service and market.Impressive customer service and market knowledge Great Support & ServiceTyson and the team at MEX have been super helpful setting up my Forex account and traiding platform. Very professional and highly competent.Very professional and highly competent service. It is refereshing to find a broker platform where they know what they are doing. For anyone just getting started, up to the experienced trading professionals, MEX, and especially Tyson Calvo provide an excellent service. They make the whole process easy and straight forward. Well done. Excellent work TysonTyson is very attentive and goes the extra mile to ensure prompt service to load or withdraw funds. Very impressed with his dedication. Accessible Liquidity ProvidersAbout UsClient ServicesPartnershipsProductsTrading PlatformsTrading ToolsThis website is published and owned by MEX Australia Pty Ltd (ACN 155 084 058), holder of Australian Financial Services Licence number 416279. This license authorises the licensee to carry on a financial services business in Australia, limited to providing the financial services covered by the license. MEX Australia Pty Ltd is not licensed or authorised to provide financial services in any other country or jurisdiction. The financial products offered by MEX Australia Pty Ltd may not be able to be sold in some jurisdictions. You should satisfy yourself that entry into a financial product offered by MEX Australia Pty Ltd is permissible in your jurisdiction. The information on this site is of a general nature only. To the extent any advice is provided, it is general advice only and does not take into account your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice having regard your objectives, financial situation and needs, consult your own professional advisors and obtain a copy of and read the Product Disclosure Statement, Financial Services Guide, Client Agreement, and our Privacy Policy before making an investment decision. Dealing in foreign exchange contracts and our other over-the-counter derivative products carries significant risk. You may lose all of your initial investment and you may also incur losses that exceed your initial investment. Best Binary Options Brokers 2020:
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