Daweda Review - What to expect from the broker
Daweda is a CFD Broker founded in 2016 that features on its trading platform CFDs on forex, indices, metals, commodities. Daweda is a subordinate company of DAWEDA EXCHANGE LIMITED, a corporation that is regulated and overseen in Cyprus by the CySEC. Real trading starts at 100 USD/EUR. The Daweda website is available in English and Chinese.
What do we cover in our Daweda Review?
| General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
Basic information about the broker
- Website address: www.dawedafx.com
- Leverage: up to 1:30
- Instruments: CFDs - Forex, indices, metals, commodities
- Minimum deposit: 100 USD/EUR
- Demo account: Yes, free of charge
- Methods of deposit and withdrawal: Wire Transfer, Credit and debit cards
Daweda Trading Platform
Daweda offers MT4 - a popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application. The trading platform gives access to nearly 100 trading instruments.
Daweda Spreads
As any other CFD broker, Daweda charges a spread fee. For the most current spread charges you will have to visit the Dawedafx.com website and open a new account, the broker does not feature spread charges on its website. Here is a spread comparison table that contrasts Daweda spreads with popular industry competitors.
| Asset | EUR/USD | USD/JPY | GBP/USD | AUD/USD |
| Daweda* | N/A | N/A | N/A | N/A |
| Pepperstone** | 1.0 | 1.0 | 1.0 | 1.0 |
| eToro** | 1.0 | 1.0 | 2.0 | 1.0 |
*Spreads recorded on 12.06.2019 at 20:10 GMT taken either from the trading platform or from the website of the broker. **Minimum Spreads recorded on 18.8.2023 at 11:26 GMT from the website of the broker.
Daweda regulation
DAWEDA EXCHANGE LIMITED is authorized and regulated by the Cyprus Securities and Exchange Commission under license number 289/16.The CySEC regulation gives Daweda the right to provide cross-border services to other members of the European Economic Area.
To sum up the Daweda Review
Daweda adheres to strict regulatory guidelines of the CySEC (No. 289/16). The broker does not inform its users about the spreads charges on its website so one has to open an account to scan how tight they are. To do that, one can, however, use a free demo. Daweda, unfortunately, does not feature any CFDs on stocks nor cryptocurrencies.
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