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Daweda Experience – Review

The trading platform Daweda Exchange is one of the first providers and, of course, does not yet enjoy such a high level of recognition as the renowned broker. In detail, this is an EU-regulated trading platform, where users can directly interact with each other as binary option contracts. At Daweda, therefore, only the seller and the buyer take part in the trade. The Daweda Exchange platform follows the proven “peer-to-peer” principle. Users make binary option contracts directly with each other, thus ensuring a transparent and honest trading process. The operator Daweda receives a low service fee for each transaction collected through the trading platform.

  • First online stock market in the world
  • Determine the price of your trade regardless of the broker
  • Strict regulation by the CySec and BaFin
  • trader receives 100% of the return
  • Trading from trader to trader, without broker
  • Specially designed modern trading platform/li>
  • Easy and fast account opening/li>
  • Cashback bonus for very active users
  • Information-rich how-to area for newcomers

SafetyGeneral information about Daweda

The Daweda Exchange trading platform was introduced in 2016 and is not yet known. However, since this is the first online exchange in the world, where the trade with binary option contracts is possible, the popularity of the platform is growing rapidly. Users do not have to worry about safety. The company is subject to strict regulation by the Cyprus Securities and Exchange Commission and has the EU license number 289/16. In addition, Daweda Exchange meets the stringent requirements of the International Payment Card Industry Standard, the European Markets in Financial Instruments Directive, and the strict rules on money laundering. The trading platform is thus regulated within the European Union and is subject to the applicable regulations. As additional security, the users ‘ financial resources are strictly kept in a separate account and the personal data are kept strictly confidential. As a result, new customers can easily choose Daweda Exchange’s trading platform. Through the direct trade between the users there is a maximum possible return of up to 100%. Daweda does not intervene in the pricing process, nor does the platform benefit from unsuccessful trading. This allows a completely fair and transparent trading of binary option contracts.

Trade opportunities as well as trade opportunities and functions at Daweda

On Daweda Exchange, users interact directly with each other. The offerer keeps out of the shops and takes only a small commission with a successful concluded trade. The way Daweda Exchange works is very easy to explain. For example, a user is of the opinion that the price of euro and US dollar will rise and decides to buy a binary option contract. The seller is of the opinion that the price of euro and US dollar will decline. The user who is right earns money with the trade. Once the contract expires, either the buyer or the seller gets 100% of the return on the fund . The users of the trading platform have full control at all times. You can determine the price levels as well as the number of contracts themselves. Furthermore, it is possible to observe offers or create your own offer. The order book of Daweda Exchange works in real-time. This allows users to see all available sellers and buyers on the platform at all times. On the basis of this information, appropriate purchase decisions can be made. First, the traders select an asset and either opt for the sale or purchase. In the next step, users determine the number of contracts and the price limits for their sales and purchases. The price of a contract is 10 euros. Now the traders submit their order and wait until the matching is finished. If the trader runs out of money, then users get 100 percent return. In addition to normal trading, the platform also offers the Professional Client Program. This is ideal for professional traders. As part of the program, users can utilize the automated trading tools through an API. In addition, Daweda Exchange offers an ATS (automatic trading system) that automatically creates orders and forwards them directly to the platform. The traders can automatically place orders without having to sit on their PCs. The ATS can be set individually and saves the users a lot of time. This is ideal for professional traders.

Short overview

Brokername

Daweda Exchange

Website url

https://de.daweda.com/

year

2015

Regulated

CySec

Max leverage

-

Spread €/$

-

Min. Trade

10€

Underlyings

About 100

Min. Deposit required

100€

Max. Bonus

-

Demo account

Payment

Credit card, Instant transfer, Skrill, Webmoney

Mobile

Loss protection

-

Platform of Daweda

Daweda uses as a trading platform a specially developed solution . With its blue and white design, the platform immediately makes a clear impression. It is therefore very easy to use and is also suitable for beginners. Daweda’s trading platform offers users all the important trading functions. In the upper section are Forex, commodities, indices and shares. In addition, the users can save favorites or view the recommendations. The traders receive a lot of information and a very clear chart display for all contracts . A few clicks can be used to buy or sell differential contracts. The “Hedge” button allows users to secure their position. Thus, regardless of the outcome of a trade, they do not lose their entire stake. This works quite simply by placing the trader in a counterposition. If the hedging result is positive, the users gain 100 percent . Customers who want to trade with their smartphone or tablet PC while they are traveling can also use Daweda’s trading platform. In the two official app stores, the users will find a suitable trading app from Daweda. The mobile applications can be downloaded and used free of charge. Daweda ‘s mobile trading platform looks almost like the classic platform and provides traders with all the features. The operation is very simple and the apps are stable and reliable. Potential customer, who are not yet sure whether to use Daweda Exchange, can test the trading platform without financial risks. To this end, Daweda offers its users a free demo account. However, to use virtual money customers also need to create an account at Daweda.

Account types and account opening

The account opening at Daweda is done within a few minutes. In contrast to many other brokers, Daweda dispenses with different account versions. Every new customer has the choice between a real money and a demo account. A new account is created in 3 steps. Among other things, the users must enter their e-mail address and some personal data. Due to strict European directives and the fight against money laundering, users have to submit various documents. In order to set the place of residence, an operating expense account is required and in order to determine the personal data, users must send a copy of their photo ID to the provider. In addition, a copy of the credit card must be sent to Daweda Support. If the new account at Daweda is confirmed by e-mail, then a first deposit can be made. For this purpose, the customer has several methods at his disposal. Deposits are possible via all major credit cards, by classic bank transfer or via the modern e-Wallet Skrill. Depending on the chosen method, the money will be credited to the account either immediately or within a few days . For each deposit, the users receive a confirmation by e-mail. The minimum amount for an order is € 10. Payouts can be made via the main menu. The requirements are handled within 24 hours. Each customer can make a payout per month free of charge. Every customer who creates a real money account at Daweda, profits from the cash-back plan. Month by month, the users get a cashback credited to their account. Its amount depends on how long users are already customers and how often they are trading. The cashback amount is paid to the traders as a deposit directly to their account and can repay the entire amount without restrictions. A bonus for deposits or bonuses for the advertising for new customers unfortunately is not available.

Education possibilities

The customer service of Daweda is unfortunately only available to the users via e-mail or via the contact form on the website. In addition, users can also send a fax to support. An additional e-mail address has been set up specifically for solving problems . Currently, it is not possible to contact customer support by phone or via Live Chat. Perhaps these will become available in the future. On the website of Daweda, there is an education area. This should be used mainly by beginners and inexperienced new users. Here, the users learn the basics of the trading platform. The customers are provided with a video tutorials and illustrated instructions.

Conclusion

Daweda Exchange is not a traditional broker, but the first online exchange on which users can trade with binary options contracts. The provider has its place of business within the European Union and is subject to strict regulation. In any case, this is a serious and secure trading platform. The opening of a new account is done within a few minutes. Customers can either immediately open a real money account or use the demo account without any financial risk. All major deposit methods are available. Both incoming and outgoing payments are carried out promptly . However, in order to save money, users should only pay a maximum of one payout per month. The Daweda Exchange’s trading platform is very clear and user-friendly, and can be used without any major issues. The provider has also thought of the mobile traders and offers a free trading app . Support and training opportunities leave an average impression. On the whole, Daweda Exchange is definitely recommendable.