Daweda is a Cyprus-based forex brokerage firm. DAWEDA EXCHANGE LIMITED is a Company incorporated under the Laws of the Republic of Cyprus and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under License Number 289/16. The capital requirement for getting an STP license from CySEC is 200,000 Euro, also, the regulator has an Investor Compensation Fund for its clients. Daweda seems to be a well-regulated broker. 

However, if you still have any doubts regarding investing with Daweda, you can check our list of the regulated brokers and maybe choose a broker that would fit you better.