Daweda Exchange Review
We often review binary options brokers here at Binary Options Education, but this review is not for a broker but is actually about an exchange. There is a huge difference. So scroll down and discover this difference.
I will tell you about Daweda Exchange, including their history. I will also explain about important terms and conditions with Daweda Exchange. You will know if they offer a demo account and mobile trading. I will also tell you my views if Daweda is a scam operation.Visit Website
Daweda Exchange Deposit & Withdrawal Methods
Daweda Exchange Broker Information
- Founded: 2016
- Company: Daweda Exchange Ltd
- License: CySEC
- Minimum Deposit:
- Minimum Withdrawal:
- Returns: 100%
- Minimum Trade:
- Demo Credits:
- High/Low, Pairs, One Touch, Ladder, Forex
- 30 sec, 60 sec, 90 sec, 2 min, 5 min, 15 min, 30 min, 45 min, 1 hour, End Of Day
- iPhone, iPad, Android
About Daweda Exchange
Owned and operated Daweda Exchange Ltd., and headquartered in Cyprus, Daweda Exchange is somewhat similar to the only American binary options trading platform called Nadex.
Instead of actually brokering binary options trades, Daweda Exchange is simply a platform where investors trade contracts against each other. As such, traders get a 100% return on wins.
The way Daweda Exchange makes money is they charge 50 cents per trade. So essentially, Daweda Exchange makes money if you win or lose.
The trading platform is their own proprietary platform that many traders love.
Daweda Exchange History
Daweda Exchange started in 2015, but did not really get full recognition until mid 2016 when they were licensed by CySEC.
Daweda Exchange has a full list of currency assets and has been adding more stock and commodity assets as time goes by.
Daweda Exchange Bonus Terms And Conditions
Unlike binary options brokers, Daweda is simply an exchange. As such, they do not offer bonuses for deposits. But since you get 100% on returns, that is a bonus in itself.
Daweda Exchange Withdrawal Terms and Conditions
Daweda Exchange will process withdrawal requests within 5 days of receiving the request. As long as all compliance documents have been received, your withdrawal request will flow smoothly.
Daweda Exchange does abide by anti-money laundering policies. We recommend that you send in compliance documents as soon as you create an account. These would include:
A copy of your government issued photo ID
A copy of a recent utility bill showing your name and address
A copy of the credit card used
Daweda Exchange Demo Account
Daweda Exchange does offer investors the opportunity to understand the trading system and platform by offering a $500 demo account. The $500 cannot be withdrawn, but you can get a good idea how the system works before you risk your own money.
Daweda Exchange Scam Watch
There is not any sign whatsoever that Daweda Exchange is a scam. After all, you are not trading against Daweda Exchange, you are trading against other investors and as I said earlier, the Exchange makes money whether you win or lose.
Also, the most important thing that tells me it isn’t a scam is the fact that Daweda Exchange is licensed and regulated by CySEC.
Daweda Exchange Mobile review
Daweda Exchange does offer mobile applications so you can use their trading exchange from smartphones and tablets. So make trades on the go. Just visit the Google Playstore or the iPhone App Store and do a search for Daweda Exchange.