Below is a comprehensive analysis of Daweda Exchange Limited based on the requested criteria, using available information and critical evaluation. The analysis covers online complaints, risk assessment, website security, WHOIS lookup, IP and hosting, social media, red flags, regulatory status, user precautions, and potential brand confusion. Note that some information may be limited due to the broker’s apparent cessation of operations or lack of current data.

1. Overview of Daweda Exchange Limited ¶

• Official Website: https://dawedafx.com/
• Background: Daweda Exchange Limited was a Cyprus-based forex and CFD brokerage firm founded in 2016, initially operating as a binary options exchange before shifting to forex and CFD trading. It was regulated by the Cyprus Securities and Exchange Commission (CySEC) under License No. 289/16. The company claimed to use the MetaTrader 4 (MT4) platform and offered peer-to-peer trading with no broker intervention.

---

2. Online Complaint Information ¶

• Complaints Identified:
• A user reported losing USD 5,000, claiming Daweda (or an associated entity named “Mirdasama”) was a scam. The complaint highlighted funds disappearing after two months of investment, though no specific evidence was provided.
• Another user reported a delayed withdrawal that took over a week without updates, though the issue was resolved with an apology, and subsequent withdrawals were processed faster.
• General sentiment in some reviews suggests concerns about the platform’s professionalism, with one review describing the website as “unprofessionally designed” and “confusing.”
• Analysis:
• Complaints about fund losses and delays are serious but not widespread in the available data. The single scam accusation lacks corroboration, which could indicate an isolated issue or a misunderstanding of trading risks.
• The withdrawal delay complaint suggests operational inefficiencies, though the resolution indicates some level of customer service responsiveness.
• Negative feedback about the website’s design raises concerns about user experience but does not directly confirm fraudulent activity.

---

3. Risk Level Assessment ¶

• High-Risk Indicators:
• Regulatory License Withdrawal: CySEC withdrew Daweda’s license in May 2020 due to non-compliance with regulations, specifically for misleading clients into believing they were trading with the CySEC-regulated entity while accounts were opened with an offshore entity in the British Virgin Islands (BVI). This is a significant red flag, as it suggests deceptive practices.
• Lack of Demo Accounts: Daweda did not offer demo accounts, which is unusual for a reputable broker and increases risk for inexperienced traders unable to test the platform.
• High Leverage Risks: The broker offered leverage up to 1:200, which, combined with CFD trading, poses a high risk of rapid losses, especially for retail investors.
• Binary Options History: Daweda’s initial focus on binary options, a product heavily criticized and restricted by EU regulators, adds to its risk profile, as such products are often associated with high losses and predatory practices.
• Moderate-Risk Indicators:
• Mixed user reviews, with some praising the platform’s ease of use and customer support, while others reported issues with withdrawals or perceived unprofessionalism.
• Low-Risk Indicators:
• Prior CySEC regulation (before withdrawal) provided some oversight, though this is no longer relevant.
• Overall Risk Level: High. The license withdrawal, offshore entity involvement, and historical complaints outweigh positive feedback, indicating significant risks for traders.

---

4. Website Security Tools ¶

• Website Status: As of April 2025, the website (https://dawedafx.com/) appears inaccessible or defunct, based on the lack of recent activity and reports of the broker shutting down operations in 2017.
• Security Analysis (Historical):
• SSL/TLS Encryption: When active, the website likely used standard SSL encryption, as this is common for financial platforms. However, no specific data confirms the strength of encryption (e.g., TLS 1.2 or 1.3).
• Firewall and DDoS Protection: No information is available on whether Daweda implemented advanced security measures like firewalls or DDoS protection.
• Two-Factor Authentication (2FA): No evidence suggests Daweda offered 2FA for user accounts, which is a security gap for a financial platform.
• Privacy Policy: Daweda claimed to hold client funds in segregated accounts and protect personal information, but the CySEC license withdrawal raises doubts about adherence to these claims.
• Analysis:
• The lack of current website access prevents a direct security assessment. Historically, the absence of 2FA and unclear security protocols suggest moderate vulnerabilities.
• The broker’s failure to safeguard its domain (www.daweda.com) from being used by the BVI entity indicates poor cybersecurity oversight.

---

5. WHOIS Lookup ¶

• Domain: dawedafx.com
• WHOIS Data:
• Registration Date: Likely registered around 2016, aligning with the broker’s founding. Exact details are unavailable due to the website’s inaccessibility and lack of current WHOIS records.
• Registrar: Unknown, as historical WHOIS data is not provided in the references.
• Privacy Protection: Likely used, as most financial platforms employ WHOIS privacy to protect registrant details.
• Domain Ownership: Previously owned by Daweda Exchange Limited, registered in Cyprus (88 Agias Sofia’s Street, Limassol 3066).
• Analysis:
• The lack of current WHOIS data suggests the domain may have expired or been abandoned, consistent with reports of Daweda ceasing operations.
• Historical ownership by a Cyprus-registered entity aligns with its CySEC regulation but does not mitigate the license withdrawal issue.

---

6. IP and Hosting Analysis ¶

• IP Address: No current IP address is available due to the website’s inaccessibility.
• Hosting Provider: Historical hosting details are not provided, but as a Cyprus-based broker, Daweda likely used a European hosting provider for compliance with EU data protection laws (e.g., GDPR).
• Analysis:
• Without active hosting data, it’s impossible to assess server security, uptime, or geolocation. The broker’s defunct status suggests no active infrastructure.
• The misuse of the dawedafx.com email by the BVI entity indicates potential vulnerabilities in email or server security.

---

7. Social Media Presence ¶

• Social Media Activity:
• No current social media profiles (e.g., Twitter, Facebook, Instagram) are associated with Daweda Exchange Limited in the provided data.
• Historical reviews do not mention active social media engagement, suggesting limited or no presence.
• Analysis:
• The absence of social media activity is a red flag for a modern broker, as reputable firms typically maintain active profiles for transparency and customer engagement.
• Lack of social media could indicate operational cessation or a deliberate low profile to avoid scrutiny post-license withdrawal.

---

8. Red Flags and Potential Risk Indicators ¶

• Regulatory Non-Compliance:
• CySEC withdrew Daweda’s license in 2020 for misleading clients about their regulated status and diverting them to an unregulated BVI entity. This is a critical red flag, suggesting deceptive practices.
• A temporary CySEC suspension in 2019 was noted due to concerns about shareholder appropriateness and client protection.
• Offshore Entity Involvement:
• The use of a BVI entity (Daweda Ltd) to handle client accounts without clear disclosure violated CySEC regulations and misled clients about regulatory protections.
• Website and Domain Issues:
• The website’s unprofessional design and structure were criticized, potentially deterring trust.
• Failure to secure the daweda.com domain allowed the BVI entity to misuse it, indicating negligence.
• Operational Shutdown:
• Reports indicate Daweda ceased operations in 2017, which aligns with the shift away from binary options and regulatory pressures.
• Lack of Transparency:
• No demo accounts and limited educational resources (beyond basic guides) suggest a lack of commitment to trader education.
• The absence of real-time spread updates and limited asset transparency raised concerns about pricing fairness.
• Client Complaints:
• Allegations of fund losses and withdrawal delays, though not widespread, indicate potential operational or ethical issues.
• Analysis:
• The combination of regulatory violations, offshore redirection, and operational cessation constitutes multiple red flags. These factors suggest Daweda was not a reliable broker, especially post-2019.

---

9. Website Content Analysis ¶

• Historical Content:
• Claims: Daweda promoted itself as a peer-to-peer exchange with 100% payouts, no broker intervention, and MT4 support. It emphasized CySEC regulation, liquidity, and client-focused services.
• Services: Offered forex, CFDs, commodities, indices, and stocks, with tools like hedging and automated trading (ATS).
• Risk Disclosures: Included standard warnings about CFD risks and leverage, acknowledging the potential for significant losses.
• Analysis:
• The website’s claims of transparency and high returns were undermined by regulatory findings of deceptive practices.
• The focus on binary options and high leverage without demo accounts suggests targeting inexperienced traders, a common tactic among less reputable brokers.
• Risk disclosures were present but may not have been prominent enough to counter aggressive marketing claims.

---

10. Regulatory Status ¶

• Historical Regulation:
• Daweda was authorized by CySEC (License No. 289/16) from 2016 until May 2020, when the license was withdrawn.
• The broker complied with EU regulations like MiFID and anti-money laundering laws during its regulated period.
• Current Status:
• License Withdrawal: CySEC withdrew the license due to non-compliance with client protection rules, specifically for redirecting clients to an unregulated BVI entity.
• Suspension of Directors: Two directors (Hamed Sepasdar Tehran and James Cabrera) were banned for six months, indicating serious governance issues.
• Analysis:
• The loss of CySEC regulation eliminates any credibility Daweda once had. Operating without a license (or through an offshore entity) exposes clients to significant risks, as there is no regulatory recourse for disputes or losses.
• The BVI entity’s involvement suggests an attempt to evade EU oversight, a common tactic among scam brokers.

---

11. User Precautions ¶

• Recommendations for Users:

1. Avoid Engagement: Given the license withdrawal and reports of cessation, do not attempt to trade with Daweda or any associated entities (e.g., Daweda Ltd in BVI).
2. Verify Regulation: Always choose brokers regulated by reputable authorities (e.g., FCA, ASIC, or CySEC) and verify their status directly on the regulator’s website.
3. Test with Demo Accounts: Use brokers offering demo accounts to assess platforms without financial risk.
4. Secure Accounts: Ensure any broker uses strong security measures (e.g., 2FA, SSL encryption) and segregates client funds.
5. Research Complaints: Check independent review platforms (e.g., ForexBrokerz, Trustpilot) for user experiences before depositing funds.
6. Be Cautious of Offshore Entities: Avoid brokers redirecting to unregulated jurisdictions like BVI, as they offer little to no investor protection.
7. Monitor Withdrawals: Test withdrawal processes with small amounts to confirm reliability before committing larger sums.

• Specific to Daweda:
• If you have an existing account, attempt to withdraw funds immediately and document all communications.
• Report any issues to CySEC or local financial authorities, as Daweda’s BVI operations may still pose risks.

---

12. Potential Brand Confusion ¶

• Similar Names or Domains:
• Daweda Ltd (BVI): The unregulated BVI entity used similar branding (e.g., daweda.com email addresses), causing confusion with the CySEC-regulated Daweda Exchange Limited. This was a deliberate tactic to mislead clients.
• Other Brokers: No specific brokers with similar names (e.g., “Daweda” or “Dawedafx”) are mentioned in the data, but generic terms like “Exchange” could lead to confusion with other forex platforms.
• Domain Misuse:
• The failure to secure daweda.com allowed the BVI entity to exploit it, creating a false impression of legitimacy.
• Analysis:
• The BVI entity’s actions indicate intentional brand confusion to capitalize on Daweda’s prior CySEC regulation. Traders must verify the exact entity and domain (dawedafx.com) before engaging.
• The lack of current website activity reduces the risk of ongoing confusion, but historical issues highlight the importance of checking domain ownership and regulatory status.

---

13. Critical Evaluation ¶

• Establishment Narrative: Daweda’s initial portrayal as a regulated, innovative peer-to-peer exchange was appealing, but regulatory findings reveal deceptive practices. The shift from binary options to forex/CFDs aligns with industry trends, as binary options faced bans in the EU, but Daweda’s offshore redirection suggests an attempt to circumvent restrictions rather than improve services.
• Skepticism of Claims: Promises of 100% payouts and transparency were undermined by hidden fees ($0.50 per contract) and regulatory violations. Positive reviews praising ease of use and support may reflect genuine experiences for some but are overshadowed by serious compliance failures.
• Current Relevance: With the website defunct and operations reportedly ceased, Daweda is no longer a viable broker. However, the case serves as a cautionary tale about the risks of offshore entities and lapsed regulation.

---

14. Conclusion ¶

Daweda Exchange Limited presents a high-risk profile due to its CySEC license withdrawal, deceptive offshore practices, historical complaints, and operational cessation. The broker’s initial regulation and MT4 platform offered some legitimacy, but these were negated by serious regulatory violations and misleading client practices. The inaccessible website, lack of social media, and absence of current security or hosting data further confirm its defunct status. Recommendation: Avoid Daweda Exchange Limited or any associated entities. Traders should prioritize brokers with active, reputable regulatory licenses, transparent operations, and strong user protections. Always conduct thorough due diligence, including checking regulator databases and independent reviews, before investing.

15. Sources ¶

• Daweda - dawedafx.com
• Daweda Exchange Review - forexbrokerz.com
• Forex – Daweda - dawedafx.com
• Scam Broker Investigator - scambroker.com
• DawedaFX loses CySEC license - fxnewsgroup.com
• Daweda Exchange reviews - forex-broker-rating.com
• Daweda Exchange Review - 7brokers.com
• Is Daweda Scam or Reliable? - atozmarkets.com
• Daweda Review - binaryoptions.net
• Daweda Exchange Review - binaryoptionsu.com
• Daweda Exchange Scam - top10binarysignals.com
• Daweda Review - pforex.com Note: If you need further details or specific analyses (e.g., deeper WHOIS lookup or social media scraping), please clarify, and I can guide you on tools or methods to pursue them, as some data is limited by the broker’s defunct status.