Daweda Exchange is still a relatively new broker, given that the company was only launched in 2015. However, due to their unique offer, they are now among the most popular trading companies around, and the number of people trading with them on regular basis is steadily growing. The reason for that has to be the peer-to-peer trading system this company has developed, and we will tell you all about that and all other features right here in our Daweda Exchange review. Our team has researched these guys extremely thoroughly, so if you want information about them you are most certainly in the right place. Sit back and enjoy the ride because we have loads of interesting things to tell you. Let’s go!
Daweda Exchange Review | Trading platform
Like we already said, the type of trading you will experience here is unique. This is not your typical binary options trading because here you will be going against other traders – this is the so-called peer-to-peer trading system. To make this possible, Daweda had to build its trading platform from scratch, but we have to admit that they have done an excellent job. The system runs exceptionally smoothly and constantly receives the latest information from the market, meaning that you can make all your decisions even if you just glance at the screen. The reason for such a superb performance is the platform’s power: it can deal with more than 100.000 messages each second and go through more than 150.000 orders in the same period. With that kind of power, latency can never be an issue, so you can expect your trades to be executed within a nanosecond. On top of that, everything is very well designed and quite intuitive, so even complete beginners will quickly understand how to proceed. However, there is one feature of this platform that simply needs to be analyzed on its own because something like that cannot be found easily in the rest of the binary options industry. Keep reading and you’ll see what we mean.
Daweda Exchange Review | Autotrader
Yes, on this website you have the option to use the Daweda Exchange auto trader, otherwise known as Daweda ATS (Automated Trading System), and our Daweda review wouldn’t be complete if we didn’t mention it. The thing that separates this feature from other similar ones you can find in the rest of the trading industry is the fact that you can program the software in full accordance with your wishes. Most importantly, you get to choose your closing points, i.e. the amounts of profit or loss after which the autotrader should stop trading. Apart from that, you can choose the strategy for your Daweda robot and a number of contracts and trades Daweda ATS can execute. Once you’re done with that, all you have to do is choose the asset you want your automated trader to focus on and the robot will do the rest.
We should mention that you cannot use this feature if you only trade via a demo account – a deposit of at least 350$ is required to activate it (we will talk about the deposit process later on). However, once you make that deposit, Daweda Exchange auto trading will be available to you for free and you will be able to use it however and whenever you want, without any limitations.
Daweda Exchange Review | App
Another great thing about this trading platform is that it is also available as an app, which is another proof that Daweda uses only the latest technology. Daweda app runs on both Android and iOS devices, so pretty much every smartphone and tablet these days can be used to trade on the go with it. You will lose nothing compared to the desktop experience if you decide to go mobile because all features that make Daweda what it is are available in this version, too. A substantial amount of statistical data is there to help you make the right choice, and you can also easily browse your trading history with this app. The product can be downloaded for free from Google Play and the App Store, plus there are absolutely no fees that will pop up after you install this app onto your mobile device. We checked that ourselves. In other words, you will not have to spend a single cent on this.
It is worth pointing out that the design is extremely intuitive, so you can monitor and manage your trades with just a few taps on your touchscreen. This is probably why this app got such great reviews from the traders who used it, and we must say that we pretty much agree with them: Daweda mobile app is worthy of your time if you’re constantly on the move, but still want to trade. However, the company still has a lot more to offer, so read on!
Daweda Exchange Review | Demo Account
Since we have already touched upon it in an earlier paragraph, let’s discuss Daweda demo account some more, shall we? This is another feature that shows this company’s specific approach to traders because all you have to do to access it is go through the login process. Once you sign up with Daweda, your demo account will be automatically activated and you will be taken to it immediately. You don’t have to apply for it or open it separately from your real trading account – it’s right there as soon as you create your profile. When you’re ready to start trading for real, you just make a deposit to that same account and that’s it. Simple, right?
After the login is complete, 500 virtual dollars will also be awarded to you and you will be able to use them as you see fit. Apart from the virtual money and the above-mentioned auto trader, everything is just like you’re trading for real, so we really do recommend you spend some time with Daweda demo account to see how peer-to-peer trading works. You can also use it for educational purposes because the company offers a whole lot of materials to help you expand your trading knowledge. But we’re just getting started with our Daweda Exchange review, so don’t go away!
Daweda Exchange Review | CySEC
If you thought that because of this new type of trading Daweda is a scam, you were completely wrong. Not only was our experience on this website completely free of any fraud attempts, but Daweda is also fully regulated by CySEC, which is probably the best possible proof of their reliability we can give you. MiFID guidelines and internationally recognized anti-money laundering policies are followed down to the letter, so you can rest assured you and your money will be treated with care and respect every time you log in to trade here. If you want to check things out for yourself, Daweda has the license number 289/16 and you can easily find them on CySEC’s website. If you don’t know why Daweda’s CySEC license is such a big deal, allow us to say that this agency is responsible for the whole EU, which means every company that applies for the license is thoroughly examined and tested. The agency has hundreds of financial subjects under its control and is very strict when it comes to issuing licenses, so you can rest assured Daweda has met some very high criteria indeed. This especially goes for the money transfer methods accepted here, something we will be talking about in the next part of our Daweda Exchange review.
Daweda Exchange Review | Minimum deposit and withdrawal
First of all, let’s take a look at the ways you can deposit and withdraw your money here, something that is absolutely vital if our Daweda review is to be complete. Bank wire transfers, credit cards (Visa, MasterCard), Skrill, Neteller, and WebMoney can all be used, so you really shouldn’t have any problems with money management on this website. We have tested every single method ourselves, and the funds were delivered within the promised deadline every time, all in full accordance with what the company promises. Again, no signs of any kind of Daweda scam were observed, but considering what we talked about in the previous paragraph, this really isn’t a very big surprise. However, we will mention that all your financial data is protected by a very reliable SSL encryption system, so not even Daweda will be able to access it. Only you will be able to do that via your trading account. But let’s now get to the numbers.
Daweda Exchange minimum deposit is set to exactly $100, which makes this kind of trading pretty accessible to everyone because the average amount a standard binary options broker will ask from you is somewhere around $200 or $250. Therefore, Daweda is at least twice as accessible as most of their competition. But don’t think that because of this lower requirement you won’t be able to do some serious trading. Quite the contrary, the minimum trade here is only $10, so you’ll have plenty of chances to strike it rich.
As for Daweda Exchange withdrawals, we can only say that they work perfectly (not a big surprise there given what we said in the previous part of this Daweda review).The minimum amount here is also 100 USD, but you get one free withdrawal per month. Any additional transactions will involve a $25 fee. It is worth noting that your withdrawal will be processed within just 24 hours, which is quite fast, and that you also have the option of cancelling your request if you change your mind. The cancellation, however, needs to be made before the processing is done.
Daweda Exchange Review | Bonus
When we were examining the website, we found no signs of any bonus offers that would directly affect your account balance. However, that does not mean there won’t be any in the future – perhaps we just missed a good bonus opportunity. Yet, there is one thing in the broker’s offer that can be considered as a form of Daweda bonus and it’s without any time limitations. You see, payouts here are always 100%. That’s right, ALWAYS. This means that you will double what you invest in every trade if it goes your way. That is also substantially higher than what most binary options brokers offer because their payouts usually go up to 85%, but are often even lower than that, about 70%. The difference is, as you can see, quite significant and can be taken as a form of bonus because you certainly get more for your money this way. On top of that, there aren’t any conditions you have to meet to withdraw that extra money. You have to be aware, though, that the house takes 5% of each position, but that still ends up being way above what other types of trading have to offer. However, we’re not done with Daweda Exchange review yet, so stay tuned!
Daweda Exchange Review | Complaints
We must say that we really don’t have any serious objections here, but what about other traders? Do they agree with us or do they have any big Daweda complaints? Well, we talked to several people who traded or are still trading here, plus we visited numerous trading forums and the conclusion is that this company checks out. Every person serious enough to talk to us agreed that Daweda can be trusted. True, some people decided that this type of trading is not for them, but that was due to their own preference and not because something went wrong.
Of course, not every single trader we interviewed was thrilled about this company, but the people who did have some complaints proved to be unable to back their claims up. Often, they complained about their trades going in the directions opposite of what they expected, which is hardly Daweda’s fault. Furthermore, when we asked them to present some evidence about the thing that was bothering them, they never seemed to have any. It is our impression that a lot of people who are actually complaining against this company do not fully understand how binary options trading works and expect to see profit right away. Because of that, we have to side with our experts who tested the platform and with the people who are satisfied with the quality of offer on this website. Therefore, our Daweda Exchange review remains positive.
Daweda Exchange Review | Support
And one of the reasons for that is the quality of Daweda support. Whatever you want to know about this company, whichever problem you need to solve, these people will help you. They are an extremely well coordinated and trained team, with loads of trading experts among their ranks. You can contact them in several different ways, including live chat, e-mail and phone, plus there’s also a contact form you can fill out on the broker’s website. In addition, you can also fax them or use the traditional mail if you need to because the company’s address is also available on the website.
However, the thing that surprised us the most about Daweda’s support is the fact that help is available in many different languages. Namely, you can communicate with the staff in German, English, French, Russian and Arabic, so pretty much every trader in the world should be well covered (except traders from the US, which are not accepted here, unfortunately). On top of all this, the whole website is full of information and answers that will help all traders, especially beginners, get used to the environment here. All in all, you are in very good hands. With that, we’re almost done with this Daweda Exchange review – the only thing left for us to do is to wrap things up with a conclusion.
Daweda Exchange Review | Conclusion
We believe this article has pretty much covered every important part of this company’s offer and that all traders will find what they want to know here. After such an extensive examination, we can only conclude that Daweda Exchange is a safe, reliable and very professional company with a slightly different approach to binary options trading. They are regulated by CySEC and use the very latest technology to make sure all trades and orders are executed immediately, so we firmly believe you will enjoy your trading experience with them. Loads of other useful features will help you with that too: Daweda mobile app, Daweda ATS, great support and a handy free demo account are just some of them. Although they have been around for less than two years, this company has already amassed quite a following and people from all over the world come to their website on daily basis. It should also be mentioned that the support here is available in five different languages, so the chances are you’ll be well covered. The only thing left for us to say at the end of this Daweda Exchange review is this: open an account with them and you won’t regret it!