The Official Website Of Cawada Is Currently Not Accessible Properly. The Company Seems To Have Gone Out Of Business. Therefore We Can Only Gather Some Relevant Information For Reference Only.
General Information
Cawada Is An ECN Forex Broker Founded In 2017 And Registered In Belize. It Claims To Offer Its Clients Leverage Of Up To 1:100 And Spreads Of 3 Pips. They Offer The Mt4 Platform That Meets The Trading Needs. The Company Currently Has No Effective Regulatory Provisions.
Regulatory Information
Cawada Is A Forex Broker That Is Not Regulated By Any Major Financial Regulator. This Means That There Is No Regulator To Oversee Its Activities Or Protect Its Clients. Therefore, There Is A High Risk That Cawada Could Be A Scam.
If You Are Considering Working With Cawada, I Strongly Recommend Against It. Many Other Regulated Forex Brokers Offer A Safe And Secure Trading Environment.
Market Tools
Cawada Advertises That It Is A Forex Broker That Mainly Offers Forex Trading.
• Forex, Is The Foreign Exchange Market And Is The Largest And Most Liquid Financial Marekt In The World. This Is Where Currencies Trade With Each Other.
When You Trade Foreign Exchange, You Are Essentially Betting On Whether The Value Of One Currency Will Rise Or Fall Relative To Another. For Example, If You Think The Value Of The Dollar Will Rise Against The Euro, You Can Buy The Dollar/euro. If You Are Right, You Will Make A Profit. If You Are Wrong, You Will Lose Money.
There Are Many Different Ways To Trade Foreign Exchange. You Can Do Spot Trading, Which Means You Buy Or Sell Currencies At The Current Market Price. You Can Also Make Forward Trades, Which Means You Agree To Buy Or Sell A Certain Currency At A Specific Price In The Future.
Account
In Addition To Demo Accounts, Cawada Claims To Offer Three Types Of Live Trading Accounts, Namely, Standard ECN, Professional ECN, And, Privilege ECN, With A Minimum Initial Deposit Requirement Of $100.
In Addition To Differences In Spreads And Commissions, The Three Account Types Have Different Characteristics. For Example, Standard ECN Accounts Do Not Offer Any Additional Features, While Professional ECN Accounts Offer Access To Advanced Research And Analysis Tools. Privileged ECN Accounts Also Offer Access To These Tools, As Well As Dedicated Account Managers.
Ultimately, The Type Of Account That Works Best For You Will Depend On Your Trading Style And Level Of Experience. If You Are A Beginner, A Standard ECN Account Is A Good Choice. If You Are More Experienced, A Professional ECN Or Privileged ECN Account May Be A Better Fit.
Leverage
Cawada Offers Maximum Leverage Of Up To 1:100, Which Means You Can Control Positions Worth 100 Times Your Initial Deposit. For Example, If You Deposit $100, You Can Control Positions Worth $10,000.
Leverage Can Amplify Your Profits, But It Can Also Amplify Your Losses. If The Market Moves Against You, You May Lose More Money Than You Deposited.
Spreads And Commissions
Cawada Claims That The Average Spread For EUR/USD Is 0.2 Pips. However, According To The Account Info Disclosed, It Is Said That The Spread For All Account Types Is 3 Pips. As For Commissions, However, There Is No Official Website Of Cawada With Any Details.
Trading Platform
The Official Website States That The Cawada Platform Is A Comprehensive Trading Platform That Offers A Wide Range Of Features For Traders Of All Levels. The Platform Is Designed To Be Fast, Reliable And Feature-rich, And Offers A Wide Variety Of Products, Faster Processing Speeds, The Ability To Hedge Positions, And Includes An Economic Calendar.
The Platform Is Available For Trading Cawada Is One Of The Most Well-known And Popular Trading Platforms On The Market - Metatrader 4 For Mac And Windows. The Trading End Point Is Highly Praised By Traders And Brokers For Its Ease Of Use And Powerful Features. MT4 Offers Top-notch Charts And Flexible Customization Options. It Is Particularly Popular For Its Automated Trading Robots (aka Expert Advisors)
Deposits And Withdrawals
At Cawada On Its Official Website, The Broker Appears To Accept Multiple Deposit And Withdrawal Methods Options, Including Swift, Visa, Mastercard, Maestro, UnionPay, Alipay, WeChat, And I-account. The Minimum Initial Deposit Requirement Is Said To Be $100. However, Specific Information About Fees And Processing Times Has Not Been Disclosed Publicly.
