How Can I Fund an Account?
The first step is to create an account. This is very simple and only takes a few minutes. You will need your name, country of residence, an email address, and to select a password. This will give you an account, and you can start demo trading with their platform at this point. Please note that because this is a CySEC regulated broker, traders located outside of the EU are currently not allowed to trade on this site or even open up an account. You need to be living in the EU in order for Daweda to stay in compliance of the regulations that govern them.
Next, you need to fund your account if you decide that you want to trade with real money here. You can use a MasterCard, Visa, or Diners credit card, a wire transfer from your bank, or an e-wallet like Skrill, WebMoney, or Sberbank. The minimum deposit is $100 USD, or the euro or pound sterling equivalent. If you want to start with the smallest trades possible—which is smart to do—you will begin with single $10 contracts. Even if you have trading experience in other markets and you are a quick learner, we recommend spending at least a couple weeks trading at Daweda Exchange with the bare minimum, at least until you have a strong idea of what you are doing.
When you’re ready to make a withdrawal from your account, you can withdraw as much or as little as you want from your account. Your money will go back into the same account that you had originally funded it with. There is one free withdrawal from Daweda per month, so it is best to think ahead just to save yourself the needless cost of multiple withdrawals.
The banking interface—both for deposits and withdrawals—is very simple. If you have any questions or concerns about financial transactions with Daweda Exchange, be sure to get in touch with their customer service team. You can email them at [email protected] or call them at 44 203 514 2608. They do have an in-page contact form as well. Just click on their “Contact Us” link and then scroll down a little bit.