Daweda Exchange Review

No Conflict of Interest Binary Options Trading
Editor’s Rating: 89

Very Good

Average User Rating:

Very Good

Introduction

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.

Account Features

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.

Open Free Account

Trading Details

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.

dawedaexchange trading platform

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.

dawedaexchange assets

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.

Open Free Account

Trading Instruments

Call/Put

Technically, this is the only option type available from this broker.

60 Seconds

This is similar to the Call/Put with just a much shorter expiry time.

Pair Options

This instrument is not available.

Special Options

There are no other special option types but with Daweda Exchange, you can trade up until the last second.

dawedaexchange option types

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.

dawedaexchange deposit

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.

Support

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

dawedaexchange customer support

User Reviews

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.

dawedaexchange user reviews
dawedaexchange user reviews
dawedaexchange user reviews
dawedaexchange user reviews
dawedaexchange user reviews

Editor’s Opinion

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%.

Conclusion

Editor’s Rating: 89

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.

Open Free Account

Editors' Top Picks

15 comments

  1. Lorean Collazo

    The only broker that offers a 100% payout for your successful trade. If they can offer a 100% for a regular rate, how much could they possibly offer for special trades? What do you think guys?

    • Julianne Westfall

      You will get that 40 free contracts upon making your first deposit. That 40 free contracts means you are free to engage in 40 trading set without deducting any money from your deposit because it is for free. And by the way, that free contract is believed to be worth $20.

  2. Julianne Westfall

    |Author

    You will get that 40 free contracts upon making your first deposit. That 40 free contracts means you are free to engage in 40 trading set without deducting any money from your deposit because it is for free. And by the way, that free contract is believed to be worth $20.

Leave a Reply

Menu

compariZone