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Cyprus
2016 (10 Years)
Last online: No recent activity
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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.
Warning
This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.
Get to know Daweda Exchange
Company Information
Get to know Daweda Exchange
Founded in 2016, Daweda Exchange Ltd operated an innovative online trading platform that functioned as a marketplace rather than a traditional brokerage. It allowed traders to place orders that were matched against opposing orders from other traders on the platform, with the company charging a fixed commission on trades. This model eliminated the inherent conflict of interest found in typical B-book broker models. The company was regulated by the Cyprus Securities and Exchange Commission (CySEC) but ceased its retail-facing operations and surrendered its license in May 2018, citing a shift in business strategy.
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