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As a recent broker since the beginning of 2016, Daweda Exchange quickly became a popular brand name on binary options market in South Africa. This brokerage company is owned by the Cypriot Companies Law.
To South Africans, Daweda Echange broker delivers a new way of investing in binary options. To know more about how to trade binaries with them, continue reading our Daweda Exchange South Africa review.
Trade on Daweda Exchange South Africa Platform
One of the first elements interested South Africans see is the amount of minimum deposit; $100.
This deposit amount is one of the lowest in the industry and therefore can be one of the main reasons why Daweda broker is widespread among traders in South Africa.
Daweda Exchange South Africa broker enables traders to invest in following currencies: USD, EUR and GBP. returns can go very high, even up to 100%, according to this broker as we discovered. Lowest investment amount per trade is $10.
Tip: Consider IQ Option instead – the best regulated broker for South African traders with a minimum deposit of only $10!
As one of the main benefits why South Africans choose trading on Daweda Exchange South Africa trading platform is due to its simplicity which is significant to all traders, especially beginners. This innovative platform enables traders in South Africa to trade binary options between themselves so that Daweda broker is not a middleman in the binary trading process.
What Trading Tools and Services to Use?
This binary broker uses own proprietary platform, custom-made for traders to experience a new level of trading binary options and using different trading instruments to make a profit. Traders are able to choose between several trade options, short term and long term,as well as having option to select among different expiry times.
With Daweda Exchange South Africa, traders are able to trade with a variety of underlying assets, such as commodities, currencies, stocks and indices. Complete asset list can be found on broker platform under Q & A.
Popular trading feature we noticed on this platform is mobile app. With Daweda Exchange South Africa broker, traders are able to use benefits of mobile trading and having access from anywhere.
This app is connected with Android and Apple operating systems so that all related devices can be connected. On this app, South Africans can have a simple overview of current trades as well and past trades placed under History.
This broker also enables traders in South Africa to experience auto trading option with Daweda Exchange ATS software. With this binary robot, traders are able to see the difference between manual and automated trading binary options.
South African traders beginners will be glad to know how this broker offers demo account, an option which allows traders to practice trading and not investing for real right away.
On demo, there is no risk involved since traders trade with virtual and not real money. Daweda broker funds a demo account with virtual money so that traders could practice and try out different strategies and expand their trading knowledge. This is useful for professionals also but is mostly used by traders novice who are new to binary options industry.
How to Deposit and Withdraw Funds?
As we discovered, minimum required deposit to trade binaries with this broker is $100. This paragraph will reveal more details about banking – how to deposit money and what does it take to withdraw the funds.
To assure traders in South Africa how the platform is secure, they apply high safety standards, such as PCI and AntiMoney laundering.
Accepted deposit methods for Daweda Exchange South Africa are: Mastercard, Maestro, Visa, Diners Club and e-wallet representatives (Skrill and WebMoney).
However, in order to withdraw the funds, traders first need to be logged in to the platform and authorize their trading account. They are required to send few documents, such as proof of residence, copy of ID card and credit card copy. All should be sent to email [email protected].
Afterwards, South Africans need to fill in withdrawal request which should be processed within 24 hours and later on, several days until funds arrive on traders’ accounts. One withdrawal per month is free while for each additional in the same month, Daweda Exchange charges $25 fee.
How to Contact Daweda Exchange Broker?
We learnt how traders are able to contact Daweda broker via email on [email protected] and web contact form. So far, live chat isn’t available. We hope they’ll soon make it available since it is a quick way for traders in South Africa to get valid and proper information.
However, if they want to navigate over the site, they can check following edu materials with a selection of different useful tips to expand trading knowledge: FAQ, Important Information, How to Trade? Etc.
In case of any queries, traders can easily reach Daweda Exchange and ask for assistance, regardless if the matter is about banking, how to trade or how to open a new account and begin trading binary options.
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