Daweda Exchange was a licensed binary options exchange that opened in 2015 and closed in 2017. Daweda Exchange is located at: Grigoriou Xenopoulou 24 Nicosia, 1061 Cyprus. Their phone number in Cyprus is: +357 2 226 2109, and their email address is [email protected].
Daweda Exchange Review
Daweda is very unique because they are a fair binary options exchange.
The idea behind Daweda is to bring traders together to an exchange, without brokers and without middlemen. They figured if a binary option is binary, then the odds should be an even 50/50 thereby having returns of 100%. While other brokers act as “the house”, and take the other side of the investors position, Daweda acts as an exchange and charges a commission of $0.50 per contract.
The minimum deposit for a regular trading account is only $100, but if you are interested in using the Automated Trading System, then you need an account balance of $250 minimum, see here.
Daweda Exchange Robot
The automated trading system offered by Daweda is what really sets them apart from other binary options brokers. It was first released in September 2016, and they are constantly making new improvements to it.
The software can use one of two trading strategies, on more than 24 different assets including most currency pairs, bitcoin, commodities and market indexes.
Daweda Exchange License
If you are an experienced binary options trader / investor then you already know that the most important aspect of a legitimate broker is their license.
Daweda is licensed and regulated by the Cyprus Securities and Exchange Commission with license number 289/16. The CySEC license covers all European Union countries.
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