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Daweda Broker Review
Daweda Exchange plays a role that is quite different to what most people expect from a binary options broker. Technically, Daweda Exchange is not exactly a broker. Instead, it acts as the medium across which traders place trades with one another.
This means that instead of dealing with a broker, traders interact with each other directly in the form of selling and buying binary contracts. Daweda Exchange has become exceeding popular with traders for two main reasons. First, Daweda only takes a minute commission from the contracts that are bought or sold. Furthermore, the overall return rate with the trades taking place on the exchange is high – one hundred percent, actually. Let’s take a look at what Daweda Exchange has to offer:
Daweda Platform Review
With most binary options brokers, you often have the opportunity to choose between several account types. Depending on the features accompanying the account, you will be required to pay a specific minimum amount. This is what will activate the account in question and allow you to begin trading.
|Daweda Minimum Deposit||$100|
|Free Demo Account||Yes, without deposit|
With Daweda Exchange, the process is a little different. This is because all of the traders that use Daweda’s services are given access to the same benefits and features. Due to this, there is only one account that you can register with. To do so, you will have to visit the Daweda Exchange website and choose the ‘Start Trading’ option available. To begin the processing of opening your account, you will have to provide the website with several personal details. Once this has been completed, these details are sent for verification.
After you move on to the next stage, you are required to deposit a certain amount of money within the account. Only once you have done so will you be given permission to begin placing trades with other traders. The least amount of money that you are expected to deposit is £100. You can also choose to make the deposit in another currency. However, you have to ensure that it is equal to the minimum deposit required.
Licensing and Security Options
Typically, the binary options trading market is flooded with binary options brokers that are not licensed. This is a common enough occurrence, but does add risk when pairing up with such brokers. To ensure that you are getting the most reliable possible services, it is important to join a broker that is licensed.
Although Daweda Exchange does not consider itself a broker, it is nevertheless a licensed entity. The exchange holds a license from the Cyprus Securities and Exchange Commission. This is not all, however. Daweda Exchange also adheres to the regulations that have been set down by the Payment Card Industry, European Markets in Financial Instruments Directive, and Anti Money Laundering agencies.
Daweda Exchange is expected to maintain a high level of security and it does. They offer the highest protection to all sensitive information within their records. Also, all of the transactions and exchange of information takes place over secure networks.
Daweda Exchange Software Review
Daweda Exchange offers unique services and, as such, has created their own platform for traders to buy and sell binary contracts. This means that it can be quite different from what most traders are familiar with in terms of trading platforms. Nonetheless, the platform is quite user friendly and can be easily mastered after some practice.
The platform will display all of the assets that you can trade with as well as the times that those trades expire. After a trader makes a decision regarding which market or asset to trade with, the details will be revised. It is then time to choose which contract is best for the trade which you want to make. Once you have come to a decision, an Options Order is set into motion.
This is quite difficult to what most other platforms and brokers offer. This is because with this platform, traders can choose their price and then wait for another trader to match this. The trade will only take place when another trader has chosen to take the contradicting position in the trade.
As this can be quite confusing to many traders, Daweda Exchange does offer a demo version. In the beginning, you can opt to get started with the demo exchange system first. This will help you to understand just how this unique system works.
Deposits and Withdrawals
With Daweda Exchange, you can choose from several methods to both deposit as well as withdraw money from your account. This can be done with credit cards, electronic payment methods, and bank transfers. If you are hoping to make a withdrawal, you can typically expect the request to be processed within one day. While traders can withdraw from their account for free once a month, they have to pay for other withdrawals. The charge here is $25.
Daweda Exchange is ideal for traders who like greater independence and more flexibility when it comes to placing trades. This exchange system is a credited entity that provides many exclusive and profitable services. In addition to charging just $0.5 per $10 contract and not requiring any further commission, this really is a lucrative opportunity.