Most binary options brokers these days practically have the same offerings that just come in different variations. However there was one broker that got me really curious because they advertised that they provide a “no conflict of interest” service and it’s called Daweda Exchange. Launched in 2016, they offer a platform where you can trade contracts directly with other traders and earn up to 100% profit on successful trades. This CySEC-regulated firm brings to the table on what seems to be a new and safer way to invest in binaries. Instead of a broker, you are actually trading binary options with real traders and if you win then the other trader loses. Sounds interesting, right? You may continue reading for my detailed assessment of this new broker.
Demo Account: Test your trading strategies
With the free demo account, you’ll have the opportunity to test out the platform without the need to use real funds. In this way you can see how the system works and prepare yourself for real live trading.
Bonuses: 40 free contracts
When you sign-up for an account with Daweda Exchange, you will be provided with 40 free contracts which is equivalent to a bonus worth $20. This bonus however can only be used to compensate for the fees and not for trading. Still, this is a good deal.
Platform: Simple and easy to understand
The platform uses the standard layout so you won’t have any problems understanding this kind of trading system. It even includes a separate tab for the featured and favourite assets so you can access them immediately.
Mobile Trading: Supports Android and iOS
Another advantage of this broker is that they also offer platforms for Android and iOS-powered mobile devices. That means you can trade via your smartphone or tablet that are running these mobile operating systems.
Tradable Assets: 20+ choices
As of this writing, they only have around 20+ assets to offer but the good news is that these include the most popular indices, commodities, currencies and stocks. Since they are a new broker, I’m expecting them to have more assets in the future.
Minimum Trade: As low as $10 for an option
Placing a Call or Put order will only require a minimum trade size of $10. With this amount you will be able to effectively apply fund management strategies and reduce the risks on your capital.
Payout Rate: Up to 100% profit
Compared to other binary options brokers which usually pay around 70 to 85%, Daweda Exchange offers better payout rates because you can earn up to 100% on successful trades.
Technically, this is the only option type available from this broker.
This is similar to the Call/Put with just a much shorter expiry time.
This instrument is not available.
There are no other special option types but with Daweda Exchange, you can trade up until the last second.
Deposit and Withdrawal
Minimum Deposit: Only $100 to get started
You only need to have an initial deposit of $100 to be able to start trading with this broker. By comparison, most brokers require a minimum deposit of $250.
Deposit Methods: The common payment options
You have the choice of fund your account using different payment methods and this includes various credit card bands, Skrill and Bank Wire.
Withdrawal Processing Time: As fast as 24 hours!
It may take around 24 hours to 5 business days to get your withdrawal requests processed. They allow 1 free withdrawal each month while additional withdrawals will have a fee of $25 for every transaction.
Channels: Plenty of options
The support can be reached via phone, fax, email and live chat.
Availability: All day and night
Since they offer 24/7 trading, customer service is also available anytime.
Supported Languages: English and more
Currently, their support is available for clients that speak English, Russian, German, French and Arabic
Average User Rating: 8.8
This score was provided by various users and its value is taken from the accumulated votes that were given by actual traders who have tested this broker.
Platform Design: Simple, fast and user-friendly
The platform has a simple and well-organized layout. It loads in the browser in just a few seconds and everything can be accessed directly on the main page.
Support: Quick to handle client issues and queries
It’s easy to get in touch with their customer support because they offer plenty of ways to reach them. They provide straight to the point answers and will immediately take action in handling any client issues.
Reputation: Offers fair trading with up to 100% payout
Daweda Exchange is a broker that operates with no conflict of interest which means fair trading is always observed. They offer an improved binary options trading system that is more beneficial to traders rather than the brokers. Another factor why they are getting more popular is due to the high investment returns which can go for as much as 100%.
Editor’s Rating: 82
The competition in the binary options market has been taken to a whole new level as Daweda Exchange opened a no-conflict-of-interest trading system that offers a better profit potential. Aside from being a regulated broker and having a 24/7 support, they have the caliber to match industry leading brands with their automated trading system, 100% payout rate and generous cash back rebates.