Daweda Exchange Review ATS Trading Platform
Trading binary options contracts directly via exchange is a growing trend nowadays. Nadex was pioneer in introducing the concept of trading binary options directly at an exchange but the problem was that Nadex accepts clients from only few countries because of being a US-based exchange. Daweda Exchange presents solution to this problem; they are based in Cyprus and fully regulated from the Cyprus Security & Exchange Commission (CySec). DE offers 100% rate of return on successful trades, making it an ideal choice for hedging. The exchange also offers generous cash back rebates as well as automated trading system based on your own strategies.
|Min Trade Amount:||$10|
|Bonus:||Up To 100%|
|Number of Assets:||30+|
|Free Demo Account:||No|
|Types of assets:||Currencies, Stocks Indices, Commodities|
Daweda Exchange is the world’s first platform to offer a true exchange-like experience for dealing in contracts. Daweda Exchange gives traders the control, power and benefits of real trading by eliminating brokers and avoiding any potential conflicts of interest. The Daweda platform provides a fair and transparent trading environment where you, as a trader, control your trades, giving you the ability to maximize returns and to trade with complete peace of mind.
At Daweda Exchange, your trading experience in contracts is both simple and fair. The Daweda platform allows you to trade in contracts directly with other clients, thereby eliminating the need for brokers. Daweda does not profit from any trades, both successful or unsuccessful and we do not interfere in the pricing, so there’s never any conflict of interest. Daweda charges a nominal service fee of only $0.50 to both parties of the contract and there are no additional fees or commissions charged to traders.
Our unique platform allows you to buy contracts directly to, or from, other traders. Since we don’t act as a broker between the traders, there are no middleman fees or commissions, which means that with Daweda Exchange, you receive a 100% return on successful trades.
Daweda Exchange gives you the ability to set your own price levels and the number of contracts you want to trade, so you stay in complete control of your trades. The platform allows you to easily view available offers from other traders or to create your own offer. When you create an offer, you decide when, what and how you want to trade.
Daweda Exchange offers binary trading in a limited number of assets unlike binary options brokers who offer a comprehensive range of assets. Traders at DE can trade currencies, commodities, stock and indices. Similarly, the choice of expiry timing is also limited at DE as compared to binary brokers.
The Daweda Platform is extremely simple to use. We created a real money account to test it out and use it just as a real customer would. The top of the trading platform is dedicated to the assets which are listed by tab. There is also a Favourite tab, where users may add the assets they most enjoy trading by clicking on the star icon. The expiry times are listed underneath. Each contract is worth $10 and this also the minimum investment amount. Additionally, hovering over the Put/Call buttons will display the corresponding graphing area, highlighted in grey. The Open Positions window displays all your current trades.
Real Time Order Book
(read more about it here)
Daweda Exchange is committed to providing a fair, transparent and simple way to trade contracts. Our innovative Order Book enables you to do just that. This unique tool allows you to view all other positions on the platform, including the number of Call and Put orders that are currently available. By having this information on hand, you are able to make more informed trading decisions.Daweda does not intervene in the pricing process, and what takes place in the Order Book, stays between traders on the platform. This transparency ensures there is no conflict of interest and no slippage, thereby making Daweda Exchange the most dynamic and dependable trading platform in the market.
Deposits and withdrawals
Minimum deposit is 100 USD/GBP/EUR. Different methods of deposit are available, such as credit card, bank wire, Skrill and WebMoney.
Withdrawal requests are processed within 24 hours from making the request. You are eligible to make one free withdrawal per calendar month. For an additional withdrawal, you would need to pay $25.
To complete the verification process, you will be asked to provide some documentation when you open an account to enable Daweda to validate the details you have provided, which may include a utility bill (to show your place of residence), a photo ID card (to establish your personal details) and a photo of your credit card (to confirm the source of your funds).
If you prefer to trade on autopilot, Daweda Exchange provides one of the best auto trading solutions in the binary options industry. At the moment, they require a minimum deposit of $250.
Customer Support Service
This platform is multlingual and available on English, German, Russian, French and Arabic. Our Daweda Exchange broke review showed how South African traders are able to contact this broker on email firstname.lastname@example.org and web form.
Unfortunately, live chat option isn’t yet possible which we hope will be soon implemented. By our experience, traders prefer direct communication via live chat due to its simplicity and ability to get answers quickly.
We were satisfied to see how Daweda Exchange broker offers an amazing list of education materials, sorted in Q&A. Under this tab, traders in South Africa are able to find valuable information about How to trade, FAQs, Glossary, Important information, as well as technology and business development answers.
Order Book is also included as part of Education with Daweda broker. This Order Book tool serves as great way to assist registered traders, by reflecting their demand and supply options in a transparent way. It is actually a table of options to buy or to sell with included price levels. For example, this tool can indicate when it’s the best time to place a trade.
How do I trade on Daweda?
Eur usd call 1.09930 expiry 11:30 and 11:45 gmt
- Choose the base asset. In this case, it would be the EUR/USD currency pair.
- Choose the number of contracts. If you want to invest $10, choose one. If you want to invest $100, choose 10. Every contract costs $10.
- Choose the direction to buy or sell. Our signal is a CALL which means to buy. A PUT signal means to sell. Confirm.
- Click Hedge when available to protect yourself from losing.
- Wait for the trade to expire.
Daweda Exchange Free Bonuses
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By eliminating broker from the equation, Daweda Exchange has successfully solved the problem of conflict of interest in binary options trading. It offers incomparable 100% rate of return on successful trades which is in addition to cash back rebates, automated trading system and numerous other incentives.