User Reviews
More
User comment
0
CommentsWrite a review
No comment yet
Sanction
VG FSC
2021-06-28
No data
Scam Brokers
Score
1.60 /10
Danger
Daweda
Scam Brokers5-10 years
Questionable Regulatory License
Suspicious Operational Region
Cyprus Forex Execution License (STP) Revoked
High Potential Risk
Add brokers
Comparison
Quantity 7
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.66
Risk Management Index0.00
Software Index4.00
License Index0.00
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Regulatory disclosure
Broker Information
More
Company Name
Daweda Exchange Limited
Company Abbreviation
Daweda
Platform registered country and region
Cyprus
Company website
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
This platform is a Ponzi Scheme. Please stay away!
7
Previous Detection :
2026-04-26
- This broker has been verified as unauthorized. All of its previous licenses have expired, and it has been placed on WikiFX's Scam Brokers list. Please be aware of the high risk.
- This platform operates a Ponzi scheme, a fraudulent investing scam. It pays earlier investors with funds from more recent investors, creating the illusion of returns. This pyramid scheme is deceptive, harmful, and typically collapses within 3 years as operators abscond with the funds.
WikiFX Verification
Exposure
7 pieces of exposure in total Pyramid scheme complaint
Expose Others
Daweda caused the forced liquidation maliciously.
Daweda made my account liquidated through fake trading.
2020-01-11 19:51
Resolved
Unable to withdraw
Unable to withdraw. The platform, together with others, rips clients off.
2019-12-13 10:40
Scam
After causing deliberate forced liquidation, the scam platform absconded.
After causing deliberate forced liquidation, the scam platform absconded. All fund was gone!
2019-12-21 15:02
Others
Malicious scam
Daweda , with Mide, made our accounts liquidated deliberate, but blamed it on hackers. Now it has absconded.
2019-12-24 18:22
7
start to write first comment