I have been reviewing binary options software and brokers, but the Daweda Exchange is something completely new. Though it has been done before, it was exclusively for the US in the form of Nadex, only this is developed for the rest of the world. This is neither a broker nor an exclusive binary options software. This is a form of trading that cuts the broker out of the picture and trading is done among traders so there is no broker trading against you. This also allows 100% profits as no commissions are kept by a broker.
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I have to say, I am quite impressed with the website and how informative it is. You know exactly who they are, you are given full information as to what it is, and there are no push tactics and fake promos. There is a video which starts automatically, but without sound unless you click on it, and they are not aggressive, just informative. I was quite surprised by it all as it shows none of the typical signs that I have seen in the past. As they gave me no reason to mistrust them, I decided to dig deeper.
What is the Daweda Exchange?
This is not a real broker, though their platform is regulated, with zero complaints and concerns. This is a binary exchange that is EU Regulated and available throughout Europe as well as a number of other countries. Similar to Nadex, it does not deal the same way brokers do, allowing for more profits and transparency. Also, unlike with issues you may have had with brokers about withdrawals in the past, you will not have such problems with an exchange.
What I liked most is the fact that they are not a recent option market, they have been around 2015, giving people plenty of time to experiment and experience and so far I have yet to find a single complaint about the software, platform, or their conduct. With Daweda Exchange you are not dealing with a broker, so you have no broker playing against you, making the whole ordeal rather unfair. They get no commission and do not win when you lose or vise-versa, this makes trading more fair and profitable if you know what you are doing. Rather than taking a commission what they do is take only $0.50 flat rate for each contract traded regardless if it’s profitable for you. This means that they strive to provide you with the best trading platform and most up to date information so as to make the best decisions when trading, because they are not affected by your winnings negatively. Thus focusing solely on making sure you are successful so you continue trading.
About the Daweda Exchange Platform
The platform is web based and they also have an app for iPhone and Android so you can take it with you anywhere you go. Rather than buying against the broker, when you trade you buy assets from other traders that trade with Daweda Exchange, or vice-versa. Each contract costs $10 which means that if you want to invest $40 in a trade, you will be buying 4 contracts in that particular trade. You lose, you lose what you’ve invested plus the fee, if you win you double it minus the fee. Rather simple, really.
Rather than using the already well in use platforms, they have opted for creating their own. They offer expiry times of either 5 minutes, 30 minutes, 1 hour, and the End of Day. Their options listed cover all major Forex pairs, Stocks, Commodities, and Market Indexes.
If you want to invest the minimum is $100, however, if you are interested in opening an Auto Trading Account a minimum of $250 investment is required.
I have tried to find feedback on their Auto Trading System and was unable to find a whole lot. Very few people are sharing their experience for me to actually come to a confirmed conclusion on it. What I did find is that none of the comments and discussions had anything negative to say about them or their Auto Trading System.
My Opinion on the Daweda Exchange
There is plenty more to learn about the Daweda Exchange and I will be following them very closely. There seem to be very few paid reviews out there, and many of the discussions I found were honest and in detail. Though they have been around for quite some time now, it seems they are focusing on word-of-mouth advertisement rather than paying for fake reviews and comments which is a good sign.
Though I am not 100% certain how the actual Auto Trading System works and how successful it is as there is very little feedback on it, for now I want to recommend them for those with more experience and can trade on their own as an alternative to brokers. Brokers trade against you and keep big profits from your winnings. Not only that, but finding a trusted broker that actually pays out your profits has become harder and harder these days. They always have a loophole in their Terms that you overlooked and rob you of your hard-earned money right under your nose. I have researched the Daweda Exchange far longer than any of the other systems and brokers I have reviewed thus far as I was certain there must be something negative I am missing, but discovered that the deeper I dug the more positive feedback I found. I have found a number of people that have invested with and withdrawn their winnings numerous times, so there are no issues that you commonly see with brokers.
They provide plenty of reading material and training so you can go in prepared, but I think what I found to be the absolute best and most attractive detail is their FREE DEMO ACCOUNT. The demo begins with a DEMO balance of $500. You can experiment with the available options and the possibilities of the system. Once you feel confident that this is the system you want to use you can make your investment.
I will test out the Demo Account for several days and see where this system takes me. I am rather intrigued and interested in trying out an exchange and see if it really is as good as it is hyped up to be. If any of you decide to try out Daweda Exchange or have already tried it out, please share your experience with us in the comments.