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    WikiFX Visited Broker Daweda in Cyprus

    Abstract:In the early years, Daweda mainly provided binary options trading, then shifted its focus to forex and CFD trading. In the recent three months, WikiFX has warned that the broker is suspected of fraud and has received intensive complaints.

      Broker Profile

      Broker Full Name: Daweda Exchange Ltd

      Product Range: binary options, forex, CFDs, etc.

      Visiting Address: Amathountas, 5, Marina Beach Apartments, Parekklisia, 4533, Limassol

      Visited by: WikiFX team

      In the early years, Daweda mainly provided binary options trading, then shifted its focus to forex and CFD trading. In the recent three months, WikiFX has warned that the broker is suspected of fraud and has received intensive complaints. For the safety of investors' funds, we decided to come to Daweda's office in Cyprus to do an exploration.

    1.png

      Real-time risk alert from WikiFX App

      The course of the visit:

      According to CySEC (Cyprus Securities and Exchange Commission) regulatory address and navigation, we came to the second largest city in Cyprus-Limassol (Limassol), and then found Marina Beach Apartments on the south coast of Cyprus Island, did the broker really work here?

    2.png

      The location of Marina Beach Apartments on map

      After arriving at the corresponding floor, we found a logo of another company at the door. After searching, we still did not find Daweda. We rang the doorbell of the office, and a staff told us that Daweda had moved.

    3.png

      In addition, the official website of the Cyprus Securities Regulatory Commission also showed that Daweda's operating license had been revoked.

    4.png

      Summary:

      Through this visit, we can confirm that the broker Daweda's office in Cyprus does not exist. On the WikiFX App, the broker's overall score is only 1.32. After verifying, we find that the platform operates money game, and the STP license supervised by CySEC has been revoked. Please pay attention to risks and beware of harm!

    5.png

      Dawedas score on WikiFX App

      As the eye and ear of global investors, WikiFX would visit forex brokers from time to time to help investors find regular brokers and stay away from illegal brokers. So far, the WikiFX App has included more than 18,000 global forex brokers, integrating query, broker exposure, forums, markets and other functions so as to ensure the safety of investors forex funds constantly.

      Click here to download the App: https://bit.ly/3ajawKO

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