Daweda Exchange Broker Review

Daweda Exchange is currently no longer accepting any new clients as it is currently in the process of selling its CySEC license.

Daweda Exchange does not appear to offer any bonuses to either existing or newly registered clients, however the software that it uses is technologically advanced and user friendly enough for both beginners and experienced users alike. Their customer support is good and is available via numerous contact options including an instant chat, however their range of assets is extremely small with only around 20 being available.

Intro

Daweda Exchange is the first platform in the world to offer its clients an exchange like experience for contract dealing. Giving investors all of the benefits, control and power of real trading through the elimination of brokers, this platform avoids conflicts of interest and offers a transparent and fair trading environment with the potential to maximise returns. When using the Daweda Exchange platform, traders trade in contacts with other clients directly for a service fee of just $0.50. There are no other commissions to pay meaning the clients benefit from a 100% return on any successful trades. Clients can also set their own price level for better control and their Order Book makes the trading process more simple, allowing clients to view the other positions on the platform in order to make informed decisions.

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Company Information

Daweda Exchange is based in Cyprus and is a CySEC regulated and licensed company so clients can enjoy complete peace of mind. All client funds are kept in segregated accounts for extra security and strong SSL encryption technology protects all client transactions on the website. Daweda Exchange is the first contract dealing exchange in the world and, as they are not actually a broker, they do not profit from any transaction, charging only a small service fee for each trade.

Assets Available

Daweda Exchange has only around 20 assets available for trading.

Currencies – 7

Indices – 4

Commodities – 2

Stocks – 5

Pairs – 24

Bonuses & VIP Programs

Daweda Exchange does not appear to offer any type of bonus or VIP programme for either newly registered clients or existing clients.

Mobile

Daweda Exchange offers a convenient 100% internet based trading interface which allows seamless and speedy access as well as fast trade execution without the need for any installations or downloads of memory intensive software. This also means that traders are not tied to their PC and can access their trading account and place trades from any internet enabled device as long as they are connected to the web from any location in the world and at any time. They also offer their own iOS and Android mobile app which allows clients to trade from the palm of their hand no matter where they are in the world. These apps can be downloaded free of charge from the Apple Store or Google Play store or from the company’s own website.

Deposits and Withdrawals

Daweda Exchange offers an extensive range of payment options for making account deposits and withdrawals. These include:

• Visa
• MasterCard
• Bank transfer
• Skrill
• Web Money
• Maestro

All withdrawal requests will be processed quickly within just 24 hours of the request being made. One free withdrawal is permitted each month, however any further withdrawals will have a fee of $25 per transaction levied.

Customer Support

The Daweda Exchange client support team can be contacted via several methods to respond to queries and to resolve any issues which may occur.

• Live Chat
• Fax
• Telephone
• Email (2 email addresses, 1 for support and 1 for complaints)
• Web Form

The website has a frequently asked questions section so that clients can immediately get an answer to all of the most common basic queries which are regularly posed.

The website is also available in 5 languages including:

• English
• Arabic
• German
• French
• Russian

Extra Features and Resources

Daweda Exchange does not appear to offer anything by way of educational resources for its clients or any other special features to make them stand out from the crowd.

Verdict

If you are considering choosing Daweda Exchange as your preferred binary options broker, there are a number of positive factors to consider, however there are also some disadvantages too:

Pros

• Cutting edge trading software that is suitable for use by both experienced and novice traders
• 100% online trading interface requiring no installations or downloads
• Instant customer support via the live chat facility
• E-Wallet deposit and withdrawal methods
• Multilingual website
• Strong SSL encryption
• 100% commission free payouts
• Innovative direct dealing platform
• CySEC regulated and licensed for peace of mind

Cons

• No educational resources
• No special features
• Not a traditional brokerage service

FAQ

Can I trade with Daweda Exchange using my mobile device?

Increasing numbers of traders are choosing to execute trades from their mobile devices like smartphones and tablets on a regular basis, so companies like Daweda Exchange are mobile optimising their platforms to ensure that they offer seamless access to trading accounts and trade executions from any internet enabled device through the provision of a 100% web based platform. As no software needs to be downloaded or installed, it is possible to use the online trading interface on any type of Android or iOS device from anywhere in the world. They also have mobile trading apps for Apple and Android tablet and smartphone users which can be downloaded free of charge and which allow even more convenient trading and account access when away from the office.

Does it cost anything to register with Daweda Exchange?

It does not cost the client anything to register with Daweda Exchange however in order to place a trade a fee of $0.50 is charged to each party.

What are the benefits of trading with Daweda Exchange?

Daweda Exchange is not a traditional broker and therefore it offers a unique trading experience where clients can trade directly for a genuine exchange like experience. Traders have more control over their trading experience since brokers are eliminated and there are no conflicts of interest. The Daweda Exchange platform is a transparent and fair trading environment where clients can have peace of mind and can enjoy maximum returns of 100% of their profit. As this company is also CySEC regulated and licensed, clients can rest assured that they have chosen a reliable and trustworthy company with whom to trade.

Does Daweda Exchange offer educational resources?

Unfortunately Daweda Exchange does not offer any educational resources to its clients, unlike many other companies, however there is a frequently asked questions section and a glossary to explain the most commonly encountered terms in trading.

Can I use any e-Wallet methods for payment?

Daweda Exchange accepts a wide range of payment methods for both deposits and withdrawals and clients can use traditional options such as bank transfer or credit and debit cards, or more up to date online methods if this suits their preference. Skrill and Web Money are two such options which are currently offered by this company.

How do I trade with Daweda Exchange?

Trading with Daweda Exchange is a little different when compared to using a traditional brokerage service, however it is still easy and quick to do. All trades made on this platform are made in the form of fixed value contracts. Traders use an order slip on which they set the amount of contracts and also the price level which they wish to trade (this is a trading order). The order is then entered into the Order Book and after the trade has been executed it is possible to keep an eye on how it is progressing in your Status Bar. In order to be executed, a trade must be matched by another client, and until this happens it stays in the Order Book until it is finally matched by a counterparty. Every trade has 3 potential outcomes. Either the position will expire in the money which will give you a pay out of your profits – 100% on the original amount you invested. If the position is out of the money, you lose the sum you invested. The third option is At The Money and in this instance you receive back the original amount that you invested .

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