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Waves Trade -

Score

1.45 /10
Danger

Waves Trade

United Kingdom

2-5 years

Suspicious Regulatory License

High potential risk

https://waves-trade.com

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.55

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Waves Trade LTD

Company Abbreviation

Waves Trade

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

1 pieces of exposure in total
Pyramid scheme complaint
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Waves Trade · Company summary

Registered in the United Kingdom, WAVES-TRADE is a financial broker, offering over 40,000 trading tools with maximum leverage set at 1:500 and a commission starting from 0.08%. However, WAVES-TRADE is not regulated by any legal authorities.

WAVES-TRADE's homepage

Pros and Cons

Pros Cons
Multiple Trading ChoicesLack of Regulation
Multiple Account TypesNo Demo Accounts
Limited Contact Channels

Is WAVES-TRADE Legit?

Given that WAVES-TRADE operates without a legal regulatory license, it is advisable to opt for a broker that is legally regulated and avoid such unregulated entities.

What Can I Trade on WAVES-TRADE?

WAVES-TRADE offers more than 40,000 kinds of trading tools, including forex pairs, shares, and cryptocurrency.

Tradable Instruments Supported
Forex ✔
Commodities✔
Indices✔
Cryptocurrencies✔
Stock❌
Mutual Funds❌
Bonds❌
What Can I Trade on WAVES-TRADE?

Account Type & Leverage

WAVES-TRADE provides four account types: Standard, Business, Professional, and VIP with the minimum deposits of $50, $500, $1,500, $5,000 respectively. Leverage is capped at 1:500.

Account comparison
Account comparison

WAVES-TRADE Fees

WAVES-TRADE only states that its commission starts from 0.08%, with no detailed fee structure information available on its website. This lack of transparency is considered as a risky signal, as scam broker often refrain from disclosing comprehensive fee information.

Trading conditions

Customer Service

WAVES-TRADE provides 7/24 online chat, and allows you to contact throughemail and physical address.

Contact Options Details
Online Chat7/24
Emailsupport@waves-trade.com
Physical Address20-22 Wenlock Road, London, England, N1 7GU
Supported Language English
Website Language English
Contact info

FAQs

Is it safe to trade with WAVES-TRADE?

No, trading with WAVES-TRADE is unsafe given the lack of legal regulation.

What is the maximum leverage offered by WAVES-TRADE?

The maximum leverage is 1:500.

What is the minimum deposit required by WAVES-TRADE?

The minimum deposit is $50.

User Reviews

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User comment

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Comments

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FX1348425287
more than one year
Based on my personal experience, Waves Trade's advertised returns were not as high as what I actually received. The trading durationn was longer than expected and the customer service was unprofessional. It was totally a disappointment compared to the expectations I had set for this trading platform.
Based on my personal experience, Waves Trade's advertised returns were not as high as what I actually received. The trading durationn was longer than expected and the customer service was unprofessional. It was totally a disappointment compared to the expectations I had set for this trading platform.
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2023-03-21 18:28
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方萌
more than one year
Since I've been a member here, I've made a tonne of money and never looked back. It has a very fast-paced execution speed which is why I like this place. Recommend this broker to you guys!
Since I've been a member here, I've made a tonne of money and never looked back. It has a very fast-paced execution speed which is why I like this place. Recommend this broker to you guys!
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2023-03-01 18:33
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