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Sanction
VG FSC
2021-06-28
No data
Scam Brokers
Score
1.55 /10
Danger
Daweda
Scam Brokers5-10 years
Suspicious Regulatory License
Cyprus Straight Through Processing(STP) Revoked
High potential risk
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Comparison
Quantity 7
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.33
Risk Management Index0.00
Software Index4.00
License Index0.00
The WikiFX Score of this broker is reduced because of too many 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
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This platform is a Ponzi Scheme. Please stay away!
6
Previous Detection :
2024-11-10
- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
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
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