With Daweda Exchange in 2016 a very young and ambitious company has entered the industry, which wants to revolutionize the trade with binary options no less than. For this reason, the provider is building on a completely new model, which does without the addition of a broker. Instead, the trade is simply settled between two traders, who in this case of course have to assume the opposite price of the base. This creates an enormous amount of transparency in trading, which means that the provider can generally be classified as serious. In addition, Daweda is an EU-regulated company, which guarantees control by independent authorities. The following test report shows what other highlights there are and which weaknesses the provider still has to nibble at.
Our Daweda experiences at a glance
Important for the correct assessment of the offer is, according to our experience, first of all a look at the exact functionality. The provider is not a broker, but in a way a financial marketplace. Here only the framework is made available, in which buyer and salesman can act then completely comfortably without intermediate station with one another. This has a few advantages, for example only one fee is charged for the individual trades. In addition, in the event of the correct decision, the traders always reap 100 percent returns. The participation in the trade is possible already starting from a comparatively small minimum deposit of 100 euro, whereby for the contracts only the minimum of ten euro applies. Even beginners in the field of binary options should therefore be able to enter trading here without any problems. At Daweda, commodities, indices and equities are tradable, with a total of around 25 assets in the portfolio. Forex trading is also possible. Which underlyings can be traded explicitly, of course, always depends on the respective point in time. Daweda itself covers different markets and thus enables trading around the clock.
Away from trading transactions, the company scores in our test with its mobile app, among other things, which is an optimal aid for trading on the move. In addition, the introduction, the “guide” for beginners and the round-the-clock customer support, which however can only be used by e-mail and foreign fax number, help.
Daweda in check: Fraud or serious?
Daweda is only new in the industry, yet all the features of a secure and trustworthy provider are already delivered here. The most effective aspect here is certainly the licensing and regulation by the Cypriot CySec, where the company is listed with its own license number and which ensures that Daweda works seriously through regular checks and inspections. In addition, the provider also meets the MiFID requirements, for example by keeping customer deposits separate from business funds. In the event of a possible financial imbalance of the company, the trader’s investments would still be protected. In addition, the fact that possible fees are handled in an extremely transparent manner also speaks in favour of the provider. In summary, there is no reason to doubt this honourable work, so that fraud or rip-off can be completely ruled out according to our experience. Instead the Trader come here into the benefit of an innovative, interesting and respectable commercial opportunity.
Daweda’s offer on the test bench
In our experience, trading at Daweda is pleasingly simple and transparent. As there are always two traders trading with each other, there are no hidden costs or fees. In addition, the return is always 100 percent. Here you will find an advantage compared to the regular brokers for binary options, which usually have a maximum return of 85 percent. In addition, in some areas the best aspects from forex trading and trading with binary options are combined. For example, traders at Daweda can determine the price of their contract themselves. The required minimum value of ten euros is also very low. There is no certain minimum number of contracts. In order to make trading easier, especially for newcomers, there is a comprehensive guide with the first steps in the company’s offer. In addition, the most important terms relating to trading are listed in the glossary.
Shares, indices and commodities can be traded
Available in the portfolio are currently around 25 underlying securities, which does not necessarily represent a record-breaking value. However, the current market situation is always decisive here, as every seller has to find a suitable buyer and vice versa. In general, however, commodities, indices and equities can be traded. There is also the opportunity to participate in Forex trading. According to our experience, commodity trading is currently limited to gold, silver, gas and oil. In the case of shares, Santander, BBVA, Generali, Unicred, Adidas or Deutsche Bank are available for example, while in the case of indices such as Nasdaq Future, FTSE100, CAC 40 or IBEX 35, trading is possible.
Full transparency through real-time order book
According to our impressions in the test, the settlement of trading transactions has been extremely successful. Here the offerer sets above all on simple structures, which might represent no challenge also for the most inexperienced dealers. That brings again clear advantages, because often fast reactions are demanded. In connection with the trade also the real-time order book is important, in which all further positions on the platform can be seen, before for example the own business is transacted. Of course, Daweda does not have access to the processes.
Daweda Bonus: 40 free contracts for a successful start
To make trading on its own platform even more interesting for traders, Daweda has come up with a very interesting new customer campaign. For the first deposit on the trade account the offerer assigns full 40 free contracts, which can be traded completely without further requirements. It is completely irrelevant which payment method is used for the qualifying deposit, as long as the paid-in sum has an amount of at least 100 euros. Directly afterwards the free contracts are then transferred to the trading account. This, however, is a fixed credit, the area of use of which is clearly specified. The bonus is used to avoid the contract fee. This is 0.50 euros, so that a total bonus amount of 20 euros is issued. However, this sum cannot be used for trading and cannot be paid out.
Notwithstanding, there are of course a few plus points for this offer in our test report, after all, new customer offers are always coveted promotions. Beyond that the offerer pursues a very interesting bonus model, which is completely exactly co-ordinated with the own business model. Since no special requirements must be fulfilled here, the bonus should also be perceived in the best case.
Deposit and payout: The funds are always safe
The investments on the merchant account can be made in different ways. Available for this are the credit cards Mastercard and Visa, Skrill and the bank transfer. Deposit fees are not charged according to the experience in our test, however, each trader must make a minimum deposit of 100 euros. It is good to know that the payments are always fully encrypted. In addition, the provider stores the customer’s investments in a separate account so that they are kept separate from the regular business assets.
The payouts have to be viewed in a slightly more differentiated way, as numerous aspects have to be considered here. On the one hand the disbursement is possible only if the identity of the customer was completely examined. This means that the provider requires a copy of the identity card, passport or other official documents in order to pay out the funds in accordance with the legal requirements. In addition, traders must note that withdrawals can only be processed using the same method that was used to deposit funds to the trading account. All amounts on the trading account are always payable, although only one payment per month can be made free of charge. For each further transaction then a fee of 25 euro results.
A further proof for the fact that with the offerer respectably one works, finds itself in the completion duration of the disbursements. The enterprise does not leave itself much time, but gives the disbursements always within 24 hours in order. Thus it is guaranteed that the funds always arrive also as fast as possible with the Trader.
Security and regulation: Here right and order prevail
In view of the Seriosität it can give no doubts at all according to our experiences. The company is equipped with an official licence from the Cypriot financial supervisory authority CySec, which makes fraud or rip-off completely impossible. For the traders this is very good news, because the permanent control by independent authorities brings with it a certain feeling of security. Daweda also complies with MiFID requirements, which means that client funds are kept separate from business assets. In addition, the SSL encryption for the payments and the flexible customer support also provide possible indications of the trustworthy and reliable work of the provider. The bottom line here is that only the full score can be scored in the test.
Support and customer service: Good performance, but expandable contact methods
The customer support staff were able to make a good impression. Traders’ inquiries are answered in German and competently as long as they are made by e-mail. As an alternative, a foreign fax number is also available, although this option will probably only be taken up by very few customers. As e-mails are usually answered within a few hours, this contact method is normally sufficient. Nevertheless, it would of course be desirable if, for example, a live chat or a telephone hotline were available. In order to be able to offer a quick answer at least for general questions, Daweda provides its traders with an FAQ area. This is completely written in German and therefore provides a reliable solution in many cases. However, if you have specific questions about your own trading account, this section will not be able to help you.
All in all, our experience with Daweda’s customer support is quite mixed. The employees do their job reliably and competently, but there are not really many contact methods available yet.
User friendliness of the website: Secure orientation is guaranteed
The Daweda website not only welcomes customers in German, but also scores with an appealing look. Here for example several videos are available, which clear up respectably over the possibilities and the trade. Beyond that all interested Trader can collect also already on the starting side all important information to the trade conditions and the exact function of Daweda. When viewing the website, the overview is always good, because the different menus and functions are always clearly marked and thus contribute to a more effective navigation. In addition, altogether the offerer selected a very good menu structure, which makes among other things very fast change possible between the individual menus.
Mobile App: Problem-free Download with Android and iOS
Since many Trader participate nowadays no longer only from at home in the trade, but are also on the way always on the search for successful business, Daweda makes its own mobile App available to its customers for the trade. This is a native download variant that can be downloaded by all users of an Android or iOS device. An alternative, such as a web-based version, is currently not offered on the smartphone or tablet. Otherwise, however, dealers can make full use of all the functions and basic values of the regular offer. In addition, the Daweda App scores with its intuitive design, which allows easy and fast control through the menu.
Consume: A highly interesting trade with binary options
In our experience with Daweda, the company’s business model is extremely interesting. The offerer pulls the brokers completely ?from the traffic? and makes so the direct trade possible between two persons. Here the traders do not have to worry about security and seriousness, because in the house Daweda always serious and according to the legal regulations one works. If the suitable buyer or seller is found, the trade is then carried out simply and uncomplicatedly. It is of course strong for the trader that the yield in direct trading is always 100 percent. In addition, there are of course also a few plus points for the new customer bonus in our test report, where each trader can clear 40 free contracts. There is currently still room for improvement in the variety of products on offer and in customer service. Bottom line however the offer can be described not only as very interesting, but also as very successful.
I have been looking for a portal that charges as little as possible. At Daweda I found this option. The company’s fees are incredibly low. Perfect for getting started in trading.
written 38 months ago
Trading in binary options was a book with seven seals for me for a long time, but thanks to Daweda I liked it and used my possibilities extensively. With the option “Introduction” I was able to acquire all important knowledge and am now successfully integrated.
written 37 months ago
I’ve got Daweda in my eye before. The provider can be an alternative to trading. But with such a young enterprise is announced after my experiences always some caution after my experiences.
written before 599 months
I wanted to act without broker, because I do not like this detour. Daweda offers me this possibility and creates a platform that I can use comprehensively without a broker.
written 31 months ago