Daweda Exchange Review

Daweda Exchange is not really a broker, but a binary options exchange. Why is this significant? Well, as I explain in my Guidelines for Dealing with Binary Options Brokers, when you trade with regular binary options brokers, you’re trading against the house. When you lose money, your broker makes money. When you make money, the brokers lose. So why would they let anyone win, right? The US regulator, the CFTC, has recognized this fact and has outlawed solicitation of US traders to sign up with brokers such as that. The only US regulated platform for binary options is Nadex, which is actually an exchange. But Nadex is not available outside the US.

That’s where Daweda Exchange comes in. This binary exchange is EU-regulated and they are available in Europe and other countries. And they are a binary exchange so you can trade without worrying if your broker would allow you to withdraw your profits.

So are you interested in a fair, transparent and simple way of trading binary options with no slippage and no conflict of interest? Keep reading.

Daweda Exchange detailed review

Daweda Exchange is the world’s first option marketplace. They started in 2015. Their domain Daweda.com was registered in December 2014. Globally, they are ranked pretty well (#311,245). Most of their traffic comes from Kuwait (almost 40%), Spain (8%) and Turkey (7%). They are also quite popular in France, Germany and the UK.

They have decided to change the unfair terms common to binary options where you play against the brokers. The Daweda Exchange platform allows you to buy and sell options from and to other trades on the platform. Much like the real market. This way you can be sure your broker is not scamming you. They have no incentive to because they don’t lose money, when you win trades. The Daweda Exchange does not intervene in the pricing process on their platform.

Well, if they don’t profit from unsuccessful traders, how do they make money? The Daweda binary exchange charge both the buyer and the seller a low flat $0.50 fee for each contract traded.

Another great benefit in comparison to other brokers is that with Daweda Exchange, returns on your investment are 100%. So if you invest $100 and win, you get another $100. This is a lot more than the usual 60-85% returns that are available with most other binary brokers.

Daweda Exchange Platform

The platform is web-based so as long as you have an Internet device, such as a computer or a mobile phone, you will be able to access the system. No downloads are necessary. For iPhone and Android, they offer an app.

At Daweda binary options exchange when you make a trade you are basically buying from other traders who are selling an asset, or vice versa. You will be trading contracts. Each contract costs $10, so for example if you want to invest $50 in a EUR/USD CALL trade, you would need to buy 5 EUR/USD contracts. This is called an Order Slip. If you want to invest $20 in a gold PUT trade, you would buy 2 gold contracts. If you win, you get back your investment times two, minus the fee. If you lose, you only lose what you invested and the fee. If the hedge button (see below) is available, you can make sure you never lose a trade again.

Available assets include currencies – EUR/USD, AUD/USD, GBP/USD, and USD/JPY, commodities – oil and gold, indices such as NASDAQ and FTSE100 and stocks, such as Barclays and HSBC.

You can trade using a large number of expiries, from 30 and 60 seconds, through 5, 10, 15, 30 minutes to an hour and even longer.

Free Demo

Daweda Exchange allows you to experience their platform for free. It’s very easy to use. They offer a $500 FREE demo – give it a try!

Regulation

Daweda Exchange Limited are licensed by the Cyprus Securities and Exchange Commission (CySec license number 289/16). They comply with the European Markets in Financial Instruments Directive (MiFID) guidelines, international Payment Card Industry (PCI) standards, and Anti Money Laundering (AML) regulations.

The Daweda binary options exchange is registered in Cyprus under the Cypriot Companies Law, with registration number HE 343289. Their corporate address is Grigoriou Xenopoulou 24 Nicosia, 1061 Cyprus.

Support is available at support@daweda.com.

Fax: +357 22262109.

Deposits and withdrawals

Minimum deposit is 100 USD/GBP/EUR. Different methods of deposit are available, such as credit card, bank wire, Skrill and WebMoney.

Withdrawal requests are processed within 24 hours from making the request. You are eligible to make one free withdrawal per calendar month. For an additional withdrawal, you would need to pay $25.

To complete the verification process, you will be asked to provide some documentation when you open an account to enable Daweda to validate the details you have provided, which may include a utility bill (to show your place of residence), a photo ID card (to establish your personal details) and a photo of your credit card (to confirm the source of your funds).

Cashback Plan

Daweda Exchange offers monthly rebates to clients who trade in high volumes on their platform. The Cashback Plan becomes effective as soon as a real money trading account is set up. The cashback amount you will each month is a function of the age in days of your trading account and the number of contracts traded in the account. You will receive your cashback amount back into your trading account automatically. This is not a bonus. You can withdraw the cashback amount at any time.

Daweda Exchange Order Book

Daweda Exchange offers a real-time orderbook tool that allows you to view all other positions on the platform before taking an informed trading decision. In the orderbook you can see how many buyers and sellers are currently available. In one place you see all current orders on your chosen asset. It’s an invaluable tool for market sentiment analysis, which reflects the supply and demand of the chosen asset concisely and lucidly. Here’s one implication of the order book. If many people are buying an asset at a certain price, it indicates that price is a support level. And vice versa with the resistance.

Daweda Robot

If you prefer to trade on autopilot, Daweda Exchange provides one of the best auto trading solutions in the binary options industry. At the moment, they require a minimum deposit of $350.

Open an account with the Daweda Exchange Regulated Auto Trader

Hedge

The Hedge option is supposed to allow you to protect your trade for maximum potential results by creating another entry in the Order Book that offsets your position with a counter-trade. You then have two trades and two possible outcomes: winning one trade and losing the other and not losing any money but also not increasing your balance, OR winning two trades and doubling your profits. As soon as your original position is matched, you’ll be given the opportunity to Hedge. Your hedge order will be added to the Order Book and, when matched by another client, will balance your original position and protect your trade.

Open an account with Daweda Exchange

How do I sign up with Daweda Exchange?

  1. Click Here or on the above button.
  2. Click on the “Open an account” button.
  3. Enter an email, choose a password, indicate your 18+ years of age and read and accept the terms and conditions. Next.
  4. Enter your name, date of birth, gender and currency (USD/GBP/EUR). Next.
  5. Fill in the information and create your FREE account.
  6. Fund your account (minimum deposit is $100) or use the FREE $500 demo account.
  7. Funding your account with $250 will entitle you to receive a FREE, professional auto trading robot which will work on the Daweda Exchange!

How do I trade on Daweda?

Let’s look at an example signal. One that was provided on Mike’s manual signals group.

Eur usd call 1.09930 expiry 11:30 and 11:45 gmt

  1. Choose the base asset. In this case, it would be the EUR/USD currency pair.
  2. Choose the number of contracts. If you want to invest $10, choose one. If you want to invest $100, choose 10. Every contract costs $10.
  3. Choose the direction to buy or sell. Our signal is a CALL which means to buy. A PUT signal means to sell. Confirm.
  4. Click Hedge when available to protect yourself from losing.
  5. Wait for the trade to expire.

Have you tried Daweda Exchange? Please share your experience with us by leaving a comment.

Summary
Review Date
Reviewed Item
Daweda Exchange
Author Rating
5

75 thoughts on “Daweda Exchange Review”

  1. I tried to sign up for thier demo account but it said that “at this time your not allowed to signup from your country?

      1. i tried to open account with them but they say the same thing as bob has written above ‘the access from your country is blocked’
        I am living in Canada.zahid

        1. Since Daweda Exchange is a regulated exchange, it cannot allow traders from countries where trading binary options require local regulations. If you’re in Canada, go with IG instead.

          1. Hi Rob. In regards to your comment about Daweda, were you able to sign up with them. I also live in Canada and just came across their website. If you are with them, how do you like trading with them. Thanks for your input.

          2. Hi Rob, did you try to withdraw money back . Under terms and condition section 2.3.1 says USA, Canada and Israel users are not allowed to use Daweda.

      1. Hello Robert,

        Good to hear that auto trader is working and can start with 500$.
        could you please tell me the approximate ITM(like %). from how many days you are using Auto trade option in Daweda.

        your response would be more helpful.

        Thankyou

        1. as for my P&L so its all about market’s volatility, when its more volatile I use the “reversal” (most likely to catch good trades) and I have about 78% wining success. and when the market is more quiet I am changing to “trend” and I have about 70% successes. it took me about A week to learn how to use it wisely but now I am much more confident.

          1. hi, robert
            i want to try their ATS, but can you please tell me, what exactly tells you that market is volatile and you should use “reversal” and vice versa. can you explain step by step please.

          2. hi, robert
            i recently joined daweda exchange, can you please let me know what time will be best to trade using ATS, and what currency to trade . i like to trade eur/usd using trend strategy because this pair is almost never volatile. and please let me know that how do you know when to use reversal strategy, is it when currecny start to go up and down rapidly. thanks, i hope daweda exchange ATS will make me some profit, as they can be trusted.
            your response will be helpful.
            thanks

        1. I don’t use the ATS no more because I don’t get time, but if you don’t know how to use it, please refer to Robert comments, if you want to know when pair is volatile. You can go onto live charts online and check the movement of the pips/or pair price , if it going up and Dow rapidly, it means pair is volatile, this is simple way to know, otherwise you can use volatility indicators, and also look out for big news, 3 bulls means pairs will be volatile, you can check the news by going onto different trading news websites, I hope this helps

  2. Hi, only just come across this site after weeks of searching through loads of binary options sites where you work against each other but I am interested in learning if Daweda.com offers auto trades and /or would I have to have a broker given what you’ve said about you win, brokers lose and vice versa etc?
    Thank you
    Hazel

    1. Daweda currently are not offering an AutoTrader. In order to trade binary options, you do need an account with a broker which can be a traditional binary options broker or a binary exchange such as Daweda Exchange, Nadex and IG.

  3. Hi, thank you for your speedy reply but I’m still confused ? lol.
    If I open an account with Daweda.com are you saying I still need another account for funding as in a broker account or is there another website for Daweda exchange? Help!
    I’m not trusting brokers now with the review I read earlier.
    Thank you
    Hazel Jones

    1. If you open an account Daweda.com, you don’t need any additional accounts. You can trade directly on the Daweda Exchange platform. It works exactly like every binary options broker, but you’re not playing against the house.

  4. your earlier coment on FB you stated there is a robot and one is required to fund the a/c with 5000$ so is there a robot set up by an analist on your behalf or

  5. The last reply, are you sure it was me who asked the question? Just that I don’t recall saying 5000$ unless predictive text cocked it up lol xxx

  6. Hello. I wanted to learn more about Daweda so I watched a few videos in their Youtube channel, which were basic at best. In those videos I never saw the option to choose the expiration time/date you wish. Is this something that was not shown the video, or is it not possible to make that choice?
    I also could not find the link for the demo account. All I could find in their homepage are 2 buttons (Start your trading, Open an account), and both of them ask for more information than just an email and a password, as it is advertised, which leads me to believe that this is a real account setup. I live in Greece, so it should be possible for me to join without any issue.

    Thank you,
    Petros

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  8. Hi,
    I’m from India and Just now signup in Daweda using your link.

    My doubt is, will they create any trouble in withdrwals like other brokers?
    And most of Auto traders and/or Brokers do not allow India but this accepted my signup. Can i continue with using of Demo and there with Live account.

    Please suggest me.
    Also I would like to join for Mikes signals group. I have sent my email in your fb page. Please suggest me if i’m wrong in sending my email on FB.

    Looking for your response.

    Thankyou,

  9. Hi my name is Ayanda Ndlela and I am very new in the binary options market. I have two (02) questions, is Daweda Exchange available for someone like me who lives in South Africa? My second question is how do I go about joining Mike’s FB page because I am very interested.

    Awaiting your response

  10. hi,

    Is it available in Papua New Guinea, because I clicked on the link above for the demo but it’s not going through.

  11. i am from kenya,i have a question about the withdrawals do they require the two documents or simply one of them,because i have been having a problem accessing a utility bill?

  12. I have been using Daweda demo acct for awhile now, and I am interested in the auto-trader program, It says on their website that the min. to set it up is $500. How has it been going? any experience out there with it?
    thanks

  13. Dear All,
    l love the saying when some BRAİNWASHED person says, do you
    have a ISLAMİC ACCOUNT or BROKER, are they BLIND also ? ?.

    How do THEY thınk ALL the ARABS are SO RICH, ıts CALLED
    CORRUPTİON KİNG SİZE, when one ıs not ALLOWED to ASK a OPEN QUESTIONS about ANYTHING, then they have a problem.

    Only about 2% to 5% of people GET İNTO PARADISE / HEAVEN,
    but muslems are told, they will ALL GO THERE, thıs ıs 2016, and they are ALL USİNG l-PHONES etc. a DONKEY has a lot more common sence, he dose NOT need a phone to get to hıs home DAY or at NIGHT. Will the donkey go, up ALSO ? ?.

    l LIVED IN THE ARAB WORLD FOR YEARS, most of ıt is ALL
    SHOW and 200% FULL OF SECRETS, dont get me started ? ?.

    Some poor people ın OVER 40 of the POOREST COUNTRIES of
    the over 40, beıng Muslim, would LOVE to have a LITTLE
    SPARE MONEY, to be able to INVEST in Bınary Optıons, for
    them, havıng A LITTLE FOOD ıs there Bınary Optıon, ? YES ?

    All you people, have a good day now, and keep a eye OPEN
    for that DONKEY.

    1. @Hana: I can’t see what’s your problem with someone asking if this broker has an Islamic account or not?! If Omar feels psychologically more confident or cool to trade using an Islamic account (which is a swap free account or other formula adapted to Binary Option) he is free to do and ask whatever he wants without offending anybody. I wonder if you have ever heard of Islamic Finance in UK, in USA and all over the world?.. You can live in Arab countries all your life and you will not understand Omar question. The guy did nothing to you and was not even talking to you. There was no need to be so mean and cruel. Unfortunately these kind of stereotypes are often used by narrow minded and simplistic people.
      Make peace and relax.

  14. Back in the day when Daweda first opened I recall it had issues with being off the pace of the markets; up to 10 micropips wasn’t uncommon. Can anyone who uses Daweda confirm whether that’s still the case?

  15. …what’s da max numba of trades daweda ATS can get daily? Does it work wen user is offline? How many assets can I choose from?
    9ja bwoy!

    1. this depends on how much you expose for the ATS to trade with for that particular day. Say for example you got 1000$ you dont need to expose the whole amount, but you can set the ATS to trade with only 200$ and the rest of amount is safe.
      E.g one contract is equal to 10$ thats the minimum
      Ok 200$ is equivalent to 20 contracts of 10$ = 200$
      there is stop loss and take profit settings inside the ATS
      So set t/profits to 170$ that is 17 contracts of 10$ each=170$
      s/loss 30$ =3 contracts of 10$ =30$
      Well if the ATS makes for e.g 13 winning contracts and by coinsidence it happens that in between the ATS loosed 3 contracts remember its your stop loss limit it will automaticaly stop to the next day.
      You win 130$ you loose 30$.
      With the assets there is a fixture inside the ATS where you can choss which ever asset you confident with. But they allow only one asset with your settings.Not two or three like other robots No

        1. Yah you can but start with 100$ that is the money exposed for the ATS to trade with for that particular day. Set stop loss and take profit to your desire.
          But first do you know how to read the fundamental news and technical analisis before you chose your asset to trade with.
          Well i trongly recomend you trade with the demo a/c and be familier with the platform.
          To trade with ATS you must fund your a/c with demo a/c you cant acces the ATS.

          1. Hi Macharia,well l gave the ATS a trial and its not bad.The problem came in when their systems started hanging you place a trade money goes in pending to expiry and no refund,has that ever happened to you n how long do they take to refund?

  16. Hi
    I am looking to start auto trading with daweda can any one shed any light on how you set up the robot and what settings is best to use thanks

  17. I sign up for a demo account but there is no ATS in demo unless I deposit USD250. So I can’t see how it work..rather disappointed. I believe they are more interested in us using manual trade. any comment ?
    Thank You

    1. Hello Nick,
      Please keep on practicing with your demo money and a/c till you get to know how to use there platform very well, coz its very rare to obtain a demo a/c from other binary option brokers they just direct you to there sit and after making payments they dont care what harpens to you after wards and after loosing your hard earned money they tell you oooh sorry make another payments it harpens like that but try to atlist more funds like one 1000$ we wona asign a personal coach to guide you( lies) Just practice you will be perfect. My demo a/c have reached 1000$+

  18. Now,l’ve traded with the demo account and would like to know when to hedge ie for other taders or mine or any can do?The other question is still in demo l placed a trade,money deducted from the account and the tade remained pending,how is that?Another question,when you change the level of prices,it the trade renains pending,please somebody explain.How about a situation whereby the the call or put prices only oneis displayed or none?Would be greatful to hear from my pro traders.
    Thanking them in advance

    1. Hey Wairimu,

      How are you doing today?
      Hedging is quite a unique trading strategy and it is not nearly as effective as it use to be!
      If I were you I would look into this strategy that was just published here:
      https://objectivebinaryoptions.com/price-action-strategy/

      I have found that using Price Action Trading Strategy (PATS) on a variety of binary option exchange platforms to be more effective the hedging which is more traditional with regular digital options and not exchange markets. Although hedging is still effective I have found PATS to be a much more reliable and profitable trading approach.

      I hope you have a great rest of your week and feel free to leave a comment if you have more questions!

      Tim Lanoue

  19. Hi to all,
    I think that I am going to go with this broker. I like their Autotrader Software. You have to deposit $ 350.00 to be able to use the autotrader.
    I looked at Optionrobot as well, but I get directed to unregulated brokers. Mixed reviews.
    I looked at Penny Millionaire as well, but they direct me to BinaryOnline and Tor Options. VERY mixed reviews.

    I am so confused at the moment that I do not have clue as to which broker I must go for.
    I like Penny Millionaire because of the compounding interest, but I’m not so sure about BinaryOnline.

    Please help!

    1. Hey Dirk,

      I understand how confusing it can be when first trying to find out the legitimacy of an online investing system. With that truth in mind I’ve always relied on the system that has provided the most amount of positive feedback. I’ve had success with both the Penny Millionaire and OptionRobot system but I have yet to try out the Daweda Exchange, which keep in mind is an exchange and not your typical binary options broker.

      I know many of our subscribers have been killing it lately with OptionRobot and they do offer a couple regulated brokers such as 24Options and StockPair but if they aren’t available to you then perhaps avoid them? Although no negative reports have yet to be received except for one incident that was the result of an investor selecting the wrong trading mode so has been well.

      Regardless though, just know that we are here to help out. My recommendation to you would be to get started with the OptionRobot or Daweda Exchange because Penny Millionaire has not been performing as well lately.

      Hope this helps you out some as well and have a great rest of your week!

      Tim Lanoue

  20. It seems like all of the good auto traders are strictly EU based. Are there any good Us auto traders you recommend? I know nadex is there, but they don’t have any auto trade system.

  21. Sadly although option may be good, the only us broker avaible through it…is dinero libre. Which is a broker than you should not trust. Can you look into binaryoptionautotrading.com? They have finpari and binary mate available for us traders

      1. I have done the manual and ATS trading with daweda,with manual its tough the best option is the ATS,but currently having a big problem with them you place some trades they go pending and at expiry you dont get your cash back.I think they should be prompt in making refunds.Trading history cannot show pendind trades yet if you ask them for a statement of account they dont give.

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