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Daweda are no longer trading. For a list of alternative brokers, and full comparison reviews, visit our brokers page. Based in Cyprus and regulated by CySec, the firm offer a very different model to their rivals. Daweda are the only firm dedicated to exchange traded binaries. The underlying assets all boast strong liquidity, which is vital for an exchange.
They match two traders together who take opposite views on the same underlying asset. The Daweda platform is simple, as befits an exchange. A useful visual aid. A pop-up will then appear, requiring the order to be confirmed. The asset lists at the firm will grow and grow. As a peer to peer exchange, there needs to be a vibrant, liquid market in order for traders to get matched on both sides of a trade. As a fairly new but growing brand, Daweda have focussed on the popular markets to ensure there is liquidity — which is absolutely the correct thing to do.
Traders can judge the liquidity for themselves by looking at the open lists. Popular Forex pairs and commodities are available, as are certain stocks and US indices. Liquidity is the key for any exchange and Daweda will open new markets wherever there is demand for it. The mobile application gives traders use of the full range of exchange assets.
It lists all working orders on contracts, and open contracts — giving traders an up to date position. The screens are clear and easy to use, making the simplicity of the exchange available for traders on the move. The mobile app is a great addition to the main site. This a great feature from the firm and a growing area of interest for busy traders. If hedging, this charge applies on both contracts. Skrill and WebMoney, and also bank wire transfer.
The deposit process is fairly simple, but as with most regulated brokers, there may be some verification required. Withdrawals are hassle free, with no minimum amount.
As is normally the case, traders need to make a withdrawal to the same source as they made the deposit with. This broker is not recommended. This broker is either not regulated or generates a large number of complaints. Alternatively, these are our Top 3 brokers based on Ratings: Bonus details — Monthly cash back for active traders. Mobile App — Yes. Trading Platform The Daweda platform is simple, as befits an exchange.
Trader Choice The asset lists at the firm will grow and grow. The ATS can be setup in a series of steps: This cashback is paid direct in trading accounts.