Daweda Exchange is closed. Trade with IQ Option instead, the best regulated broker for South African traders!
Online since 2016, this broker was present on global financial market. Daweda Exchange was operated by the Cypriot Companies Law.
To registered South African traders, trading on Daweda Exchange platform offers a new innovative way of trading binary options. To learn more about this broker and available trading features, check below our Daweda Exchange broker review.
Daweda Exchange tries hard to provide their traders with a true binary experience and a safe trading environment to minimize risk and maximize returns.
Daweda Exchange Trading Platform
To initiate trading with Daweda Exchange, minimum deposit required is $100.
Accepted currencies are: USD, GBP and EUR. maximum returns go up to 100% which is attractive percentage for South African traders who have interest to join this platform. Minimum investment is just $10, while maximum investment is unlimited.
Our Daweda Exchange broker review revealed how trading binary options can be simple and straightforward, which is important to all new traders. This unique trading platform enables traders to buy or sell options directly from other traders, whereas broker isn’t a middleman.
Daweda Exchange Trading Features
For Daweda Exchange broker review, we found out how this broker uses proprietary software, a custom designed to satisfy all traders’ wants and needs. Platform looks very nice and simple, which is a good news to all inexperienced traders who want to join Daweda broker.
So far, we learnt how traders can use High/Low trade option to invest in binary options and use following expiry times: 5 min, 30 min and end of day. South Africans have on disposal to trade with a wide range of underlying assets, such as stocks, commodities, currencies and indices. A full list can be found under Q&A (Assets section).
In regards to useful trading features, traders are offered with demo account. Demo is a powerful tool which is extremely important to new traders, who lack trading knowledge. According to Daweda Exchange broker review, this demo account is free and to use it, traders only need to provide this broker few information. On demo, South African traders can practice trading, since the whole deal is done with virtual money and not real one. Therefore, there is no risk of money loss.
Our Daweda Exchange broker review also revealed how traders in South Africa are able to trade on the go, thanks to a mobile application. This mobile app serves as a popular addition to trading platform since it enables traders to continue trading binary options from anywhere.
On Daweda Exchange mobile app, traders can have a simple overview of past trades, just as a history overview. Same features and trading instruments from web-based platform can be used on mobile version. This app can be downloaded from both Google Play and App Store.
Another important information we discovered /for Daweda Exchange broker review is that this broker offers automated robot for auto trading binary journey. Their robot is called ATS (Automated Trading System).
Daweda Exchange Customer Support Service
This platform is multlingual and available on English, German, Russian, French and Arabic. Our Daweda Exchange broke review showed how South African traders are able to contact this broker on email [email protected] and web form.
Unfortunately, live chat option isn’t yet possible which we hope will be soon implemented. By our experience, traders prefer direct communication via live chat due to its simplicity and ability to get answers quickly.
We were satisfied to see how Daweda Exchange broker offers an amazing list of education materials, sorted in Q&A. Under this tab, traders in South Africa are able to find valuable information about How to trade, FAQs, Glossary, Important information, as well as technology and business development answers.
Order Book is also included as part of Education with Daweda broker. This Order Book tool serves as great way to assist registered traders, by reflecting their demand and supply options in a transparent way. It is actually a table of options to buy or to sell with included price levels. For example, this tool can indicate when it’s the best time to place a trade.
Daweda Exchange Banking Info
As mentioned above in Daweda Exchange broker review, this broker is regulated by regulatory authority. They are continuously working on providing the highest safety standards to their registered traders.
Same is applied for money transactions, which are in accordance with Anti Money Laundering and PCI standards for extra protection. Traders’ money is kept safe in segregated accounts which shows how this broker is secure one with goal to stay long in binary options industry.
Minimum deposit is set to $100, lower than average in binary trading. What we discovered in Daweda Exchange broker review is the fact traders are able to choose between several deposit options, such as Skrill Moneybookers and WebMoney as e-wallet providers. Additional deposit methods are via bank wire and debit/credit cards (Maestro, Mastercard, Diners Club and Visa).
In case of withdrawals, South African traders are obligated to send few documents to Daweda Exchange to confirm identity. Following documents are: proof of address, copy of photo ID and copy of credit card. These should be sent to [email protected].
Under My Account, traders need to click on Withdrawal button to be able to get their funds. The initial step is to fill in withdrawal request, which is usually processed within 24 hours. Our Daweda Exchange broker review revealed how this broker provides one first withdrawal per month, while each other in the same month will be charged $25.
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