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Daweda was a CySEC regulated binary options exchange, owned by Daweda Exchange Ltd, located at: Grigoriou Xenopoulou 24 Nicosia, 1061 Cyprus. Their customer support email is: [email protected]. Their phone number is: +357 2227 5000.
Daweda Exchange Review
Daweda built their own custom trading platform for binary options. What makes Daweda different than all other binary option broker is that they are a binary options exchange, and this is why they charge $0.50 per contract traded. The expiry times for options are either 5 minute, 30 minutes, 1 hour, and End of the Day . They have options listed on all major Forex pairs, Market Indexes, Stocks and Commodities.
The trade platform is very simple and clean. You select Call or Put, and the number of contracts. Each contract is worth $10, which is also the minimum trade size. The returns are 100% on all options. They have a mobile trading app available for both Android and iOS. You can easily sign up for a demo account.
The minimum deposit for a regular trading account is $100, however, for the Auto Trading System you must have a balance over $350.
Daweda Auto Trading System
A new feature they just released, is their automated trading system. While many brokers work with external automated trading robots, it is nice to see a broker that had one directly integrated with their trading platform. The ATS give investors and traders the ability to select which assets to trade, the number of contracts per order, and the maximum number of trades per day. You can select the “Trend” or “Reversal” strategy.
Daweda Exchange License
When we investigate binary options brokers, the most important item to check for is a valid license from a legitimate financial regulator. Daweda is licensed and regulated in Europe by CySEC. Their licensed number is 289/16. There are only a few elite brokers who are licensed and regulated, see here.
If you are currently a client of this exchange, please share your thoughts with other investors in the comments section below.