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Daweda Exchange Review 2020 – Is Dawedafx.com Scam or Legit?
|Name||Daweda Exchange Review 2020 – Is Dawedafx.com Scam or Legit?|
|Legal Entity||Daweda Exhange LTD|
|Turnover||up to 100%|
|Full Address||Cyprus, Egkomi, 1, 28th October str, Porfyriou Dikaiou, Makedonitissa, 2414|
|Phone||+357 2227 5000|
It is all about the trader at Daweda Exchange, the trading platform is entirely web based with no need to download or install software. For those traders who want to trade on the go, Daweda also offers a mobile App for Android and iOS, available from the respective App stores.
Daweda offers options trading via an exchange platform and they have made it incredibly easy for traders to understand how to trade the ‘Daweda Exchange way’. There is a comprehensive ‘How to Trade’ section that features a detailed glossary, an extensive FAQs section, a platform guide as well as an illustration of their innovative Order Book. Additionally, there is also the mark of safety – a verified badge that confirms Daweda Exchange is fully regulated by the well-respected Cyprus Securities and Exchange Commission (CySEC).
Daweda Exchange Trading Platform
Daweda Exchange uses its own proprietary trading platform that makes options trading simple, but is packed with many advanced features and an excellent user experience. As an exchange, the Daweda platform matches traders against each other simultaneously and seamlessly to ensure excellent execution speeds.
Auto trading system
The platform is easy to navigate and offers traders a variety of possibilities. There is an auto trading system (ATS) that can easily be activated with a single click. This will allow placing of trades in your account by Daweda Exchange’s tested and proven free Auto Trading System. Could there be a conflict of interest? Absolutely not! This is because, as stated earlier, Daweda Exchange is not your regular brokerage firm, but an exchange. Daweda only makes money from trading activity, and not on losing trades. Daweda Exchange traders earn 100% returns on successful trades, by paying only the standard $0.50 per contract.
There is a short range of assets available on the Daweda Exchange platform, but traders can build their own portfolio watch list by listing their preferred assets on the Favorites tab. This can make it easy to enjoy the benefits of one of Daweda Exchange’s most innovative features – the Order Book.
Updated in real time, the Order Book helps traders to get a picture of other traders’ activity in the market in relation to particular assets. In addition, a trader can load their desired trade into the Order Book as well as review a list of all the available contracts and their respective price levels. The book is well organized, consisting of 2 parts, which include the Call orders and Put orders that are available for purchase. A trader can simply select their desired price level and they then have full control of all their trades and the positions they have entered. If an order remains unmatched, no fees will be charged. To top it off, if an order is not filled at the desired level, or if the asset’s price changes, the contract will automatically be returned to the Order Book until it is matched.
An effective strategy available at Daweda Exchange is hedging, which occurs when a trader opens a position in the opposite direction to an existing open position. This is done in order to protect the initial trade in case it ends unsuccessfully. Since traders are negotiating contracts directly with other traders on the Daweda exchange, hedging positions can be negotiated at any time, to match a trader’s strategy and risk appetite. Opening a hedging position on the platform can be achieved by simply clicking on the “Hedge” button on the platform, setting your desired level and then waiting for the hedged positioned to be matched by another trader. A simple, yet highly effective trading tool!
Daweda Exchange Bonus
Daweda Exchange does not offer the conventional welcome bonuses that many brokerages offer due to the unique exchange structure. However, they do offer numerous benefits to compensate traders; first and foremost: 100% returns for in-the-money trades. Daweda also rewards traders with their monthly cashback, where the more you trade, the more you are reimbursed, irrespective of whether your trades ended in or out of the money.
Daweda Exchange traders can fund their trading accounts using a variety of safe, secure and convenient payment methods. Deposits can be made using a choice of debit/credit cards, Skrill, WebMoney and bank wire transfers. Traders can begin trading as soon as the simple deposit process is completed and the minimum deposit amount is $/£/€ 100.
At Daweda Exchange, the customer comes first. Everything is designed to ensure traders have the best possible environment for their trading success. There are comprehensive ‘About’ and ‘FAQs’ sections; but if traders wish to speak to Daweda Exchange agents directly, their customer staff is on hand to handle all their inquiries, 24/7. The staff is very professional, warm, and highly responsive. They can be contacted anytime via live chat, email, phone or SMS.
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On the Daweda Exchange platform, traders can trade a quite a short range of asset classes (around 25) that include forex pairs such as EURUSD, GBPUSD and even Bitcoins; commodities, such as gold and oil; indices, such as Dow Jones and DAX Future; as well as stocks, such as Barclays and Apple.
Daweda Exchange has a truly unique offering that is convenient and easy to use, yet boasts a selection of advanced features to meet the needs of even seasoned professional traders. All of this backed by the fact that Daweda is regulated that gives traders the confidence and peace of mind they have a partner that truly cares for their trading success.
- Transparent trading
- Up to 100% Payouts
- Free Automated Trading
- Monthly Rebates
- CySEC regulation
- 24/7 Trading
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Daweda Exchange Broker Review 2020
Daweda Exchange is closed.
Daweda was the first brokerage company that offered to exchange contracts directly from each other on the market. Unfortunately, Daweda closed just recently. Please browse through our selected broker lists to find your best-suited partner in binary options trading.
Due to CySEC’s decision, this broker no longer provides binary options bonuses!
According to this broker, Daweda is a new binary options broker that offers true experience in exchanging contracts. Investing in binary options has become the attractive type of service so it is not surprising there are many brokerage companies offering an opportunity for this innovative trading type.
On their official site, we have found Daweda promises fair and honest trading environment with full returns and complete control over their trading portfolio. More about this broker can be found in our Daweda Exchange review below.
Daweda Exchange Account Features
Daweda Exchange broker review has shown this broker has focused on providing binary exchange services, meaning traders and investors can place odds against other traders and not against the broker. This service makes Daweda the first brokerage company that offers to exchange contracts directly from each other on the market. The “peer to peer” trading without the involvement of a broker is very interesting for itself and some traders may think they don’t need additional features.
Besides direct contracts exchange service, Daweda Exchange has put a lot of effort into providing tempting opportunities to their clients. This broker allows starting trading with only $100 deposit. Daweda is one of a few binary brokers that offer deposit amounts below the market industry average, which is around $200. Lower deposit amounts enabled the opportunity for beginners as well.
We like the fact that Daweda Exchange allows traders to trade with Demo account first. Traders can benefit from testing demo accounts first since they can learn how to use the Daweda platform and invest virtual funds without having any fear to lose real funds from their account. Daweda Exchange allows traders to get free Daweda Demo account without the need to make any deposits before. This means traders only needs to register in a few simple steps and provide his basic information in order to start. Daweda Demo account enabled traders to place trades without any limitations , while other brokers give specific amounts about virtual funds.
In our Daweda review, we can say that this broker doesn’t play neutral position since traders are not placing trades against the broker. It is important to point out that traders are charged with $0,5 fee on every placed trade .
One of the interesting things we would like to mention is that Daweda Exchange developed their own binary robot so traders that are attracted to auto trading binary options have the opportunity to invest in this type of trading. Read more about Daweda ATS review here.
Due to CySEC’s decision, this broker no longer provides binary options bonuses!
Daweda Exchange Trading Platform
Daweda Exchange is based on a Proprietary trading platform that is used by many binary brokers we have reviewed on our page. Of course, besides classic desktop platform, Daweda Exchange is available both for Android and iOS smartphones and tablet devices. Mobile applications have become an inevitable part of every binary broker that wants to ensure the better trading experience for its customers. According to Daweda, traders are attracted with mobile apps because of the fast lifestyle. Traders are no longer attached to their home and their computers, everything is done on the go, no matter if they are waiting for a coffee in a Starbucks or on the way to home while driving in a train. Mobile applications are enabling traders to place trades whenever they want.
As we were testing Daweda Exchange trading platform, we have concluded that this platform offers various services that are understandable and easy to use. Besides simple and understandable platform, Daweda Exchange provides Platform guide with all essential information that explains how to use the Daweda platform. Traders can follow screenshots that explain every step in the trading dashboard. Daweda Exchange platform enabled traders to pick their favorite trading assets and put them in a special tab for easier monitoring. The platform has ensured excellent overview over trading portfolio which could lead to better trading experience.
Daweda Exchange offers only High/Low options and traders can choose to trade with several ranges of expiry times, from 5 minutes to End of the Day.
Daweda Exchange Customer Support Service
Like every regulated binary broker, Daweda Exchange provides various customer support options. Traders can reach Daweda support using email, contact form, phone or live chat. Daweda Exchange support agents are opened to answer all questions that may occur while registration or trading with this broker. We always like the fact that broker provides live chat support.
Binary options are still exotic investment type and there are many traders that still don’t know much about them, so live chat may be an excellent way to find out. According to Daweda Exchange page, they strive to build strong relationships with their clients and they believe that most of the issues can be solved with good communication services.
Daweda Exchange website is available in English, Russian, German, French, and Arabic which enables easier interaction with the website for those who are not that strong with English.
Besides excellent customer support services, Daweda Exchange review showed that this broker provides excellent and bulky education section where traders can find helpful information and simple guidelines on how to trade with Daweda. Along with strong educational database, Daweda traders are welcome to order a Daweda Exchange Book with essential information that could make traders make better trading decisions and have a full understanding of their trading portfolio.
The Daweda Book has focused on providing the information about decision making in complicated market situations and it provides a lot of information on indicators, price levels (BID and ASK). Daweda Book provides real-time information with an innovative approach, so traders will get a clear idea of financial market activities.
Daweda Exchange is closed.
Daweda Exchange Review – is daweda.com scam or good forex broker?
RECOMMENDED FOREX BROKERS
|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Spreads|
|Standard||$250||0.01||1:200||From 1.2 pips|
Daweda Exchange offers its clients a Standard trading account type with variable spreads, default leverage of 1:50, and the option to trade in micro lots.
There is also a Xchange (ECN) account that is also accessible with an initial investment of $250 and is said to offer Raw market spreads from 0.1 pips, involving commission fees, but there isn’t much information about it on the broker’s website.
The Company. Security of Funds
Daweda exchange Ltd.
Daweda exchange was initially launched in 2020 like a binary options provider, promising a peer-to-peer execution model where options buyers and sellers act as counterparties, without the involvement of a broker. Daweda used its proprietary binary options trading platform with its own orderbook and also launched automated trading. The broker, however, has obviously changed its focus to forex and CFD trading, and currently offers the ever popular MetaTrader 4 platform.
As binary options are lately under attack by a number of EU regulators, many brokers have closed down shop or turned to FX. For example, Banc De Binary and AnyOption have exited binary options business, 24option now offers forex and CFDs, and BDSwiss launched a separate forex broker brand.
Daweda claims to provide straight through processing (STP) execution without any “dealing desk” intervention and no conflict of interest. The brand is operated by Daweda exchange Ltd., a Cypriot Investment Firm (CIF) licensed by Cyprus Securities and Exchange Commission (CySEC) in 2020.
Many binary options and forex brokers choose to get a license in Cyprus, since regulation there is not that tough as in the UK, and yet it involves a certain level of security and reliability. Besides, Cyprus is a part of the EU and that is why companies regulated there are MiFID compliant and free to offer their services in any EU Member State, while the future of FCA-licensed brokers in that regard is uncertain (after Brexit).
Brokers regulated in Cyprus are required to hold at least €730 000, t regularly report transactions, and to keep client funds in segregated accounts, as well as to comply with a number of other requirements.
Furthermore, CySEC applies a compensation scheme as an additional guarantee to clients’ funds. All licensed brokers are members of the Investor Compensation Fund, which may cover a maximum of 20,000 EUR per person in the event of broker insolvency.
Minimum initial deposit
In order to open an account with Daweda exchange, one has to invest at least $250. Such initial investment is common for the industry.
Daweda exchange offers variable spreads, starting from 1.2 pips for the EUR/USD pair, which is on the upper end of average.
Most brokers usually offer spreads within the range of 1.0 – 1.5 pips for this pair. Others offer lower spreads, but usually a commission applies. By comparison, XM, a broker licensed by CySEC, FCA and ASIC, offers spread averaged 0.1 pips on its Zero accounts (accessible with just $100), and a commission of $5 per standard lot (per side) applies.
The default leverage level offered by Daweda exchange is 1:50, which is a low ratio, yet it is in line with the latest recommendations of CySEC. The maximum leverage level offered by this broker is 1:200, depending on the results of appropriateness assessment of the client .
Despite CySEC’s guidelines, many Cyprus-based brokers still offer high leverage levels – for example, XM provides leverage up to 1:888. Keep in mind, however, that such high leverage combined with rapid rate fluctuations can make the Forex market profitable but at the same time risky.
As we mentioned above, Daweda exchange supports the most widely used forex trading platform – the MetaTrader4 (MT4), available as a desktop version and mobile applications. Unfortunately, the broker does not offer demo accounts and we could not log into Daweda’s MT4 to test the broker’s services.
MetaTrader 4 is highly reliable and customizable platform that offers traders access to advanced trading operations in a fast and secure environment. Its charting is top-notch, and there are numerous useful technical analysis indicators, as well as Expert Advisers, allowing users to automate their trades.
Methods of Payment
Daweda exchange supports a small range of payment methods – credit/debit cards & bank wire transfer and Skrill.
Accepted currencies: USD, EUR, RUB, GBP
Originally a binary options exchange, Daweda currently offers forex and CFD trading on the popular MT4 platform. The broker holds a license from the Cyprus Securities and Exchange Commission and provides reasonable trading conditions. However, there are no free demo accounts and we could not try out its services. To sum up the above:
|Well-regulated||No demo accounts, no live chat|
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
Daweda Exchange Review :- Is Daweda ATS Scam? Find Out !!
Daweda Exchange Review: Is Daweda Exchange a Scam ? Read this very important Daweda Exchange Review covering the Pro’s and Con’s of Daweda ATS. This Autotrader is quite different from other platforms we have reviewed here. This is because they are not actually brokers, rather, it is an exchange platform. You need to know that when you are trading through brokers that you are trading against the house. It is a battle between the trader and the broker. Because of this, brokers would not allow you to win, or when you win, you would not be allowed to win most of the times or to win with a large margin. It is a problem like this that makes US government to disallow such brokers from being used in their land.
US regulators have allowed Nadex as the only platform for the trading of the binary options market. Nadex is available in other parts of the world. You can equate Daweda Exchange with Nadex and is one of the scam free system, the only difference is that Daweda Review website is regulated in Europe and some other countries outside Europe. They are binary exchange platform and not brokers. When you trade with Daweda broker, you are free because you no longer need to worry whether your broker would allow you to withdraw your earnings or not. This platform makes for fair and transparent method of trading the binary options market.
Daweda Exchange Review :- Daweda Auto Trader System a Scam ?
The Daweda review website does not involve anything like a conflict of interest. You are not competing against anything with the system, rather it is setup in such a way that you are competing with other traders like you. Moreover, there is nothing like slippage.
Official Webpage : Daweda.com
The Daweda Exchange Limited company is located in Cyprus. Because the company is not a brokerage firm, they adopt different parameter that is quite different from what you get from binary options brokers. This exchange platform is based in Europe and it is accepted by all countries in Europe and because of the popularity, it is currently accepted in other countries outside Europe.
This Daweda Exchange Review system is unique because it offers a good trading environment, which makes it possible for anybody to earn money through the system. When you register with the Daweda ATS system, you are sure of one hundred percent rates of return for your investment in any trade you win. This is not like what is obtained in the other setups where you are entitled to some percentage something like seventy-five percent, and something like that. Most importantly, the system makes for cash back rebates, as well as an automated trading platform. This can make a trade for you automatically and if you like, you can customize the ATS to work the way you want by choosing your trading strategy. More on these in the course of this Daweda ATS review.
Important Features Of The Daweda ATS Explained !!
Here are some of the key features you are going to review in this Daweda Exchange trading platform. Remember that the type of trading you do here is a contract agreement between you and other traders using the same platform. Here are some of the features:
How To Use Daweda ATS And The Benefits of Daweda Automated System
As you can see, Daweda Exchange Review ATS has features in place to help its users to make plenty of money through the system. One of the measures they put in place includes the Daweda ATS, which is known as the automatic trading software. This Daweda review system is available for every trader, especially those that have a regular trading account. The system works very simple and all that you have to do is to submit an amount and inform your account manager. The manager has an obligation to develop an auto trading software for you. If you like, you can customize this bot to work the way you want it to work. The Daweda Exchange software has to copy your trading instinct. This is good because you can just rest and allow the software to perform the rest of the trading on your behalf.
More About Daweda ATS Pro Account & ATS Account Type’s
There are different types of trading accounts at Daweda ATS system. For a start, you are required to register with the system at the official Daweda Exchange review website. If you are a beginner, the system makes it easy for you to open your first account, which is regarded as the Daweda Exchange demo trading account. This is just a demonstration account. The essence is to help you to learn the system and know how it works before you can commit your real money. The system would advance to you five hundred dollars trading money, and that makes it possible for you to trade. With time you are going to become experienced and you can learn how best to use the trading platform.
If you think that you get more experienced, you can go ahead and fund your live trading account. This is another type of account. This makes it possible for you to start to trade with other investors through the same platform.
Thirdly, you would then have an opportunity to join their special account program, which is known as a special PRO account program. This makes you a Daweda Exchange member. PRO membership account is a special program and it is meant for professionals.
Advantages of Daweda ATS – Important Points Explained !!
There are lots of benefits that you can derive from using this Daweda Exchange system and here are some of those benefits which we reviewed :
Fair trading: first and foremost, you would observe that the Daweda Exchange review system makes for fair trading. It does so by making it possible for you to trade with other traders in the contract. Because of this, the issue of conflict of interest is done away with. It has nothing to do with the system. The trade is between clients. This approach is fair enough because nobody would have any reason to complain against the system.
Freedom to choose: Most importantly, this trading platform allows its members the freedom to choose their own trade and decide their trading parameter. All you need to do is to go to the order book and choose your own trade the way you deem fit.
Transparency: Perhaps the best thing that you are going to like about the Daweda review system is the issue of transparency. The system makes available to its members the full pre trade information. Because of this, you can see what other traders are doing in the Order Book and this can guide you in choosing the price for your own trade.
Clear Fee Structure: Moreover, the Daweda Exchange system has a clear fee structure, which is known to every trade before engaging in the contract trading. You are required to pay a flat fee of fifty cents when you are selling or buying through the platform. This does not require settlement fees, or any other type of fees as is the case with other trading brokers. There would not be anything like surprise charges and so on.
More Details About the Daweda Cash Back Plan
The Daweda Exchange review program gives monthly rebates to its members who trade in very high volumes. Cash back plan can become effective once the real trading money gets to your trading account with them. The cash back amount that you are entitled to every month depends on the longevity of your trading account, as well as the total contracts you have done with the account. The Daweda Exchange Cash back would hit your account automatically. You do not need to plead for it before it gets to your account. This is different from a bonus and you are entitled to make a withdrawal any time that you like. This is a way of thanking the clients for the faith they have in the system and to encourage others too.
What is Daweda Exchange Order Book ? Details
This is a table in the Daweda Exchange Login platform and this indicates the total numbers of contracts that are available at any time to sell or to buy. It equally includes the prices those contracts are offered. There are different levels here. The first level order is the most important among them because that is the one that you can actually match to create a trade. This means that the topmost refers to the unmatched orders, compare it and select the one that is agreeable to you and match it.
When a trade is executed through the Daweda Exchange Limited, the next offer, which is usually the best, would move to the first table level from the second level. You can always track your position to know whether you are doing well or not doing well. If you have an order and it scales through to the first table, then it means that such an order would be available for matching. The fact that it reaches the matching level does not indicate that a contract is made, this is because before a contract is made between clients, price terms must be agreed upon before the trade can be matched.
Is Daweda Exchange a Scam Auto Trading System ? Review & Proofs !
After checking through the internet for Daweda Auto Trading reviews and possible Daweda Exchange scam notes, we can say for sure that this platform is not a scam. We discovered that the Daweda Auto trading system is regulated by the CySEC and the license number is 289/16. Apart from that, we have discovered that it was regulated by the exchange commission. Before it was registered, it would found to be reliable. Moreover, we discovered that the system complies with guidelines issued by the Markets in Financial Instruments Directive that is MiFID, as well as the Anti-Money Laundering Regulation and the International Payment Card Industry PCI requirements and several others. These are clear signs that the system is Daweda Exchange is not scam, but one hundred percent legit.
Since the Daweda review platform began, nobody has complained of being scammed by the system. If you check the internet, you are going to discover commendations and other good stories about this system. All these are clear indications that Daweda Exchange Demo system is good and it is highly recommended.
Daweda Regulation & Daweda Company Registration Details
As mentioned above, the system was licensed and regulated in Cyprus and license number is 289/16. Moreover, they comply with the MiFID, as well as the AML, and the PCI and other several regulators.
It was registered in full compliance with the law and the registration number is HE 343289.
Steps to Join the Daweda Website/Daweda ATS !
Sign Up To Official Webpage Here : Daweda.com
Conclusion : The Daweda Exchange Review is Trusted & SCAM Free !!
You have seen it all that Daweda Exchange Limited is one hundred percent legit and scam free. It is regulated and registered. It is highly recommended an reviewed. One thing that is unique with the system that makes it popular is the fact that it does not have any conflict of interest, and this makes it different from financial market brokers. Here you do not make any trading contract with Daweda Exchange binary system, but you make contract with other traders. It is either you win or the other person wins. Who wins or loses does not have anything to do with the trading platform.
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