Binary and digital options are prohibited in EEA.
Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

IQ Option compared to Daweda Exchange 2019

  • Broker Name: IQ Option
  • Min. Deposit: $10
  • Min. Investment: $1
  • Max Returns: 91%
  • Regulated: Yes
  • Regulated: Yes
  • Regulated: Yes
  • Regulated: Yes
  • Regulated: Yes
  • Regulated: Yes
  • Daweda Exchange
  • $100
  • $10
  • 100%
  • Yes
  • Yes
  • No
  • Yes
  • Yes
  • Yes

IQ Option

IQ Options digital options broker. It provides investors with a chart platform with a set minimum deposit.

Daweda Exchange

Daweda is a renowned digital options exchange service provider. What then are exchange services? Exchange services can loosely be defined as the process of mediating between traders.  Daweda Exchange works by providing a match between different buyers and sellers of digital options contracts and charges a fee for each contract. IQ option and Daweda Exchange provide trading under regulated high/lows.

If you are a digital options trader in South Africa, this article will help you know all you need to in regard to Daweda exchange and IQ options. Read on.

Using Daweda Exchange for Binary Options Trading

South African traders can find Daweda Exchange slightly different from many other services. Here are ways of making the most out of Daweda exchange in digital options trading here in South Africa

Create an Account
For one to be able to trade with Daweda Exchange, South African traders dealing in digital options must create an account. This is the minimum requirement in many digital platforms. One is required to fill out all the provided fields. After this, the page should automatically redirect you to a page showing a simple illustration of how the trade is done. This demo page is essentially a duplicate of what the actual page looks like. To learn how to use it, one can place virtual money in place of real money. This is recommended until enough experience is acquired.

Trading With Daweda Exchange

Once South African traders are confident with operating the system, then they can proceed to make deposits and begin doing business with actual money. Real trades are normally carried out following the same procedure as in the illustration demos.

The process
Here is a step by step breakdown
1. Choose the asset you wish to trade in
2. Choose the contracts (these normally come in numbers at $10 each)
3. Choose a number that is adjacent to the up and down options; these are an indicator of the price of the particular trade

At this juncture, South African traders are able to see other trades that have been sold, placed or bought.

4. Once you are set to place a trade, you will see a pop-up window. Confirm your trade here.

Failure to confirm this trade exchange leads to automatic cancellation.

Daweda Exchange Auto Trade

Daweda exchange trade platform provides an auto trading feature. They boast this is one of its major advantages. On the right side after logging in, there is a red button that appears at the top. A click on this button helps enable the auto trade.

The auto trading process is easy and the can be deemed as a convenient mode of trade for South African traders who are highly engaged in other businesses. It is also good for digital options traders in South Africa who want an easy trading platform.

As seen above, there are many reasons why digital options traders in South Africa can start making use of the Daweda exchange platform. The provision of the free demo ensures that the traders acquire enough experience before making real investments. The fact that traders can also see what fellow traders are doing is a plus; they can use this as an insight.

IQ Option
As earlier mentioned, IQ Option is also a digital options broker. IQ Options platform provides charts and minimum low deposits.

How IQ Does Options Work?

digital options traders need to understand how a system works before investing their hard-earned money. IQ Options works in two easy steps

  • Traders predict the market trends in the nearest future
  • Investors then check their estimates to see how accurate they are
  • The traders are then able to tell their possible profits after a few seconds

Trading Binary Options with IQ Options

An IQ Option has two categories of accounts namely:

  • The basic and
  • The VIP account

The set minimum deposit for VIP accounts is $3000 while that of the basic account is about $10. The VIP account has extra provisions such as training, high payout schedules and rates as well as personal account managers.

South African traders can place fast trades on IQ Option within 30 seconds. Just like Daweda exchange, IQ Options provide trades in Bit-coin, stocks and assets, indices as well as currencies.

For huge digital options traders in South Africa, IQ Options digital options offer up to 100 assets. This is much better when compared to Daweda which offers up to 20 assets only.

In regards to trading, IQ Option provides a high/low platform. Its payout ranges around 90% on basic accounts and around 95% in the VIP category. IQ Option digital brokers also offer a classic option trade.

IQ Options chart platform can be viewed in different ways thus providing a better perspective for digital options traders in South Africa. Its display can also allow for several charts on the screen. This allows easier comparison for the South African traders choosing to work with IQ Option digital brokers.

Summary

Both IQ Options and Daweda exchange are run under the watch of Cyprus Securities and Exchange Commission commonly abbreviated as CySEC.

As opposed to Daweda exchange, IQ Option offers zero charges on successful trades. IQ Options also offers a high maximum payout rate on both account types.

IQ Option normally offers many assets to trade in as compared to Daweda exchange. As such, it does not limit the potential of digital options investors in South Africa who wish to trade in many assets.

IQ Option has a low minimum deposit of $10 on its basic account. This is an affordable amount for many people in South Africa.

Many traders do not recommend Daweda’s auto trading system as it is said to provide results according to specific user settings. The fact that users are unable to use the auto system before making deposits is also another shortcoming.

As a digital options trader, you want to make the most out of your time and money. If this can be done at no extra fee, the better.