WikiFX Visited Broker Daweda in Cyprus

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.

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？

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.

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the official website of the Cyprus Securities Regulatory Commission also showed that Daweda's operating license had been revoked.

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 After verifying, we find that the platform operates money game, and the STP license supervised by CySEC has been revoked.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!

Dawedas score on WikiFX App

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