The Daweda Exchange offers an optimized user-friendly platform. Below you can find detailed explanations of the features and available activities of the site.
If you are registering for a demo account, you need only enter your email and select a password. Please note that this must be an active email address; we will not pass your details to any third parties, but we may need to contact you from time to time regarding your account.
Registering for a real funds account requires a little more information, but you can choose to complete this at registration or when making your first deposit.
Adding the trading platform page to your browser bookmarks makes it easy to reach next time you login.
We recommend that once you have logged back in with the new password, you visit the Personal Details page to change the password to something memorable.
Once you have chosen which asset or option you would like to trade on, you need to decide what kind of investment to make.
There are two choices: Use a buy order, if you think the level of your chosen asset will go up; Use a sell order if you think the level will go down. You can view other pending orders in the Orderbook to take an informed decision.
The top line of the Order Book displays the best possible offers for both buying and selling, according to the asset’s level; only orders in the top line of the Orderbook are available to buy or sell.
Clicking on the first line of ‘Buyers’ or ‘Sellers’ column in the Orderbook, or the ‘Buy’ or ‘Sell’ button, next to the option you wish to trade, will display the Order Slip in which you can change the number of contracts, the level and the GTC settings for your investment. Click the ‘Buy’ or ‘Sell’ button in the Order Slip to action your trade.
Once you have submitted your trade, it will become either an open position, in the Open Positions section, or it will become an order in the Order Book until it is matched.
Please note that there are minimum and maximum amounts for different assets, and your available balance must cover the amount of contracts you select.
You cannot change the amount of contracts in a hedge, but you can change the level by using the ‘+’ and ‘-‘ arrows. Once you have decided on the level of your hedge, there is another ‘Hedge’ button within the slip to confirm.
Your hedge order will be added to the Order Book and if it is matched, your position will be hedged. In the case that only part of the order is matched, you will have secured a partial hedge, and your investment will only be partially protected.
Hedge orders are shown directly under your original position, either as a pending position, or an open position if it has been matched.
If someone matches the deal in the top line of the Order Book, it will become an open position and move from the Order Book to the Open Position box. As orders are matched from the top level, other entries will move up the Order Book.
There are two outcomes when making an investment; if you decide to accept the buy or sell order in the top line of the Order Book, or if another client accepts the terms of the order you have submitted, it will become an Open Position and a trade will be executed.
If you do not want to accept the current buy or sell offer and prefer to choose a different level for your trade, it will become an entry in the Order Book and will remain there until it is matched.
Options expire throughout the trading day, but opting for GTC for your order means that it will remain in the Order Book until the end of the trading day, regardless of the option’s expiry.
If you do not choose to use GTC, the order will only be valid for the duration of the option, and will be removed from the Order Book at the moment of the option’s expiry. Your invested amount will be returned to your account.
You can select the GTC option for your position in the Order Slip, using the checkbox indicated.
If your order is not yet in the top four levels, it will still be displayed as the fourth level, with an icon, in order for you to compare your order against the top three entries in the book. Three small dots above your order indicates that it is not in the top four entries, and is only being displayed here for your own reference.
All Open Orders and Open Positions on a particular asset are displayed underneath the Order Book.
There is an ‘Edit’ option in the Open Order toolbar that will open the Order Slip, where you can make any changes and click Update to finalise the changes.
All Open Orders and Open Positions on a particular asset are displayed underneath the Orderbook.
There is an ‘Edit’ option in the Open Order toolbar that will open the Order Slip, where you can use the Remove function to cancel your order.
Pending orders are shown in grey, and open positions are shown in either red or green, depending on the status of your investment; green denotes In the Money and red denotes Out of the Money.
You can also view a summary of all of your positions in the right-hand menu; this will show you positions across all of your assets, using the same colour system as above and also displaying the time left and investment amount for each.
Once you have clicked to switch, you will need to enter a few more details to complete your registration. If you wish to skip at this stage you can, but when you decide to make your first deposit, you will be required to complete them.
When you next login, you will have the choice to enter your demo or real account.
Please note that there are maximum and minimum deposit amounts, and if you are waiting for a pending withdrawal, you can simply cancel the request instead of making a new deposit.
The withdrawal page is accessed via the main menu. Please note that withdrawals can only be made via the same payment method and to the same account that you have previously used to make a deposit from.
Daweda Exchange handles all withdrawal requests within 24 hours and funds will be automatically credited to your account as soon as they have been processed. Please note this can take a few days.
There are various graphs that enable you to see which assets have been the most successful for you, and which you have traded in with the greatest volume. Your investment history can be filtered by asset or action (buy or sell orders).
Alternatively you can reach the team via fax on +357 22262109
Our address: Daweda Exchange Limited, Themistokli Dervi 39, Nicosia, Cyprus.