Daweda Exchange

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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 […]

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Full Review Details

Broker Daweda Exchange
Website URL NEW https://en.daweda.com/
Founded 2016
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 No
Regulated Yes
Regulation CySec
Fees Yes
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 No
Mobile Trading Yes
Overall Score 60

Screenshots

Screenshot 1 Screenshot 2

Pros

  • 100% Return
  • No Conflict of Interest
  • Hedging Possible

Cons

  • 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

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.

 

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RISK WARNING: The past or recent trading performance of any stock, security, commodity or derivative is not necessarily indicative of future profits/losses. We do not and can not guarantee that use of our Services will generate you profits. We do not and can not take responsibility for any losses to your accounts. You must trade and take sole responsibility to evaluate all information provided by this website and use it at your own risk. All trading information we provide is intended as trade assistance only.

Risk warning: Trading in financial instruments carries a high level of risk to your capital with the possibility of losing more than your initial investment. Trading in financial instruments may not be suitable for all investors, and is only intended for people over 18. Please ensure that you are fully aware of the risks involved and, if necessary, seek independent financial advice. You should also read our learning materials and risk warnings.

Disclaimer of liability: The website owner shall not be responsible for and disclaims all liability for any loss, liability, damage (whether direct, indirect or consequential), personal injury or expense of any nature whatsoever which may be suffered by you or any third party (including your company), as a result of or which may be attributable, directly or indirectly, to your access and use of the website, any information contained on the website