Daweda is a new CySEC regulated Forex brokerage firm, owned by Daweda Exchange Limited, located at: Grigoriou Xenopoulou 24 Nicosia, 1061 Cyprus. Their customer support email is: firstname.lastname@example.org, and 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 Exchange License
When the Scam Broker Investigator reviews Forex brokers, the most important item we check for, is a valid license from a legitimate financial regulator. Daweda is licensed and regulated in Europe by CySEC, with license number 289/16. There are only a few elite brokers who are licensed and regulated, see here.
If you are currently a client of this broker, please share your thoughts with other investors in the comments section below.
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