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Daweda Exchange belongs to a category of new binary options brokers. This brokerage company is online since 2016 and owned by Cypriot Companies Law.
We decided to review Daweda Exchange and see what does their platform provides to traders across the world, interested in binary options trading. At the very beginning, we noticed how this broker has an innovative approach to binary options, alongside with many useful trading features.
For more details about this platform and available trading services, read further in our Daweda Exchange broker review.
Daweda Exchange Trading Platform
With a goal to provide top notch services to traders worldwide, broker tries to ensure a safe trading area so that traders are able to easy navigate over the site and trade in binary options.
It is important to note how Daweda Exchange broker is a regulated binary broker, by the authority CySec (registration number 289/16. Having this in mind, Daweda Exchange leads a transparent business which is in accordance to MiFID regulations, EU laws and AntiMoney policy.
This broker accepts traders across the world, except those residing in the USA.
Our Daweda Exchange broker review revealed how chosen software is their own proprietary, which means how it is custom-designed to satisfy all traders interested to join them. Novelty on this platform is that it enables traders worldwide to trade binary options straight from alternative traders where Daweda Exchange isn’t a mediator.
Minimum deposit for traders to trade with Daweda Exchange binary broker is $100, much lower that average in binary options industry. Also, minimum investment is $10 and there are no limits to maximum investment.
Returns go up to 100% and accepted currencies for this platform are USD, EUR and GBP.
Daweda Exchange Trading Features
On this platform, traders are able to trade only with High/Low trade option and several expiry times on disposal, such as 5 min, 30 min and expiry end of day. Available assets cover major stocks, commodities, currencies and indices. A whole asset list is placed under Q&A.
According to our Daweda Exchange broker review, demo account is available on this trading platform as a popular feature. Demo is excellent opportunity for inexperienced traders who are planning to join Daweda Exchange broker.
Daweda demo account is free to use and provides many benefits, such as opportunity to practice and test the platform in risk free environment, since no real money is being invested here. Traders get on disposal virtual funds which are then used to trade on demo so there is no fear to lose any money.
Another popular feature which we discovered in Daweda Exchange broker review is they offer mobile app to their registered traders. With mobile platform, traders are able to trade binary options on the go and have access to it all the time and from anywhere. App is available in Google Play and App Store.
According to Daweda Exchange broker review, traders are able to use auto trading software with this broker; ATS – Automated Trading System.
Daweda Exchange Customer Support
Our Daweda Exchange broker review revealed that traders worldwide are able to use this platform on English, Russian, German, French and Arabic. Also, it is possible to reach this broker via email on [email protected] and web form.
So far, live chat is not an option yet so traders won’t be able to get instant answer as they normally would. We hope chat will be implemented soon since it is the quickest way how to reach a broker in order to get response for needed information.
Education is an important segment of good trading platform and Daweda Exchange broker review told us exactly that. Unlike other brokers, Daweda Exchange offers an Order Book, a tool for helping traders when it is the right time to sell or buy an option. This is a powerful tool, helpful for all traders, especially new ones.
Traders all over the world are able to use materials compiled in Q&A, FAQ, glossary, how to trade and many more useful education tools. This shows how traders do have on their disposal a wide range of edu materials for a successful binary trading journey.
Daweda Exchange Banking Information
Interested traders would be happy to know how Daweda Exchange is a regulated binary broker with a CySec licence 289/16. Their goal is to provide the best services and safe trading platform so that traders don’t face any difficulties when investing in different assets.
To protect traders’ funds and trading accounts, Daweda Exchange broker review revealed how they operate in accordance with Anti Money Laundering terms as well as PCI safety standards. Also, traders’ accounts are kept separated and won’t be shared with a third party.
Required minimum deposit to join this platform is $100. This amount is attractive one to all traders who want to start their trading journey with lower deposit amount. Available deposit methods are as it follows: e-wallets (Skrill and WebMoney), debit/credit cards (Visa, Maestro, Mastercard and Diners Club) and bank transfer.
For withdrawals, traders need to authorize their trading account first by providing following documents: copy of photo ID, proof of address and credit card copy if one will be used in the trading process. Documents should be sent to email [email protected].
When traders are logged into their trading account, they should click on Withdrawal in order to begin withdrawal process. In order for traders to get their request processed, a period of 24 hours are necessary.
This broker allows one withdrawal per month free of charge. However, each additional withdrawal in the same month will be charged $25 as discovered for Daweda Exchange broker review.