We ventured into our search to find this out. We have gathered that this broker rates average and has been around for quite some time in the industry. We display their low results in the graph which can be found below.
Since we are still researching about this broker, we cannot say for sure that this broker is 100% legit. In order to be sure of our traders’ satisfaction we recommend you to Proceed to SafetyProceed to Safety OR choose one from the list of Top Trustworthy Binary Option Brokers:
Top 3 Brokers February 2017
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Daweda Exchange – A Fair Deal Or Scam?
Financial transactions is a process that can consists of 2 or more parties that are involved into a business partnership. In this term of speaking, there is no wonder that the most popular way people use in order to increase their income is trading, especially online trading. Binary options are so commonly spread that the demanding for such solutions creates friendly environment for fraudulent systems, as well. People should be extremely cautious when searching for reliable and authentic trading product. In this review, we are going to investigate the working process of one innovative broker platform called Daweda Exchange. The question here is: Is it reliable or just another scam? In the following article readers can find the answer.
First Look At Daweda Exchange
This platform is the world’s first marketplace for binary options contracts that promises to provide absolute freedom to both buyers and sellers in terms of setting prices and trade in financial contracts directly with each other. This is also known as “peer to peer” trading method.
However, when a visitor decides to open the official page of the solution he is going to experience the strange feeling of dealing with a second-hand product. The domain looks unprofessionally designed and developed. The section structure is also uncomfortable, confusing and far from being user-friendly. However, there is plenty information on the specific trading process Daweda Exchange offers, but the great part of it is just about the obligations users must apply to and the rules they are expected to follow.
Is Daweda Exchange A Scam?
Each time any trader decides to sell or buy binary options on the trading platform, he actually interacts with other clients like themselves. This method is claimed to ensure honest and transparent trading process. However, the platform charges a flat service fee on each traded conducted.
Due to the fact there is no substantial information on how profitable this kind of trading method is, we are not able to recommend this software to online traders. There is a great chance for it to turn out as a scam product. In addition, the information on the fee that the software takes for each conducted contract is well hidden from the users, but we were able to find it. It turns out that each deal will cost a trader 50 cents.
How Does Daweda Exchange Works?
The platform works by creating a comfortable virtual environment where traders can conduct deals between each other by taking the specific role they are supposed two. For example, if a trader (buyer) thinks the EUR/USD is going to change its current level in a ‘up’ direction, he buys a binary option contract from another trader (seller) who thinks the price will change in ‘low’ direction. Upon the expiration of the contract, either the buyer or the seller will receive a 100% investment return.
Bonuses At Daweda Exchange
In fact, there are no bonuses at all. Just the first 40 trades will be free for all the new members of the platform. That means that they won’t pay the 50 cents fee for their first 40 deals. This makes a $20 “bonus”. However, if there is something really missing in this system’s performance, maybe the bonuses section will lead the chart.
How To Start Using Daweda Exchange?
In order to start trading with this income-increasing solution, users have to register at the official website of the software by providing email address and basic personal details. The trader can then begin trading with either a demo account or with real funds. The demo account provides users with the possibility to try out the new system before taking the decision of placing real trades. After opening an account, every online trader can start trading. He can do that by buying or selling binary options contracts with other members with contracts starting from $10.