摘要:WavFx, a trading name of WAVFX TRADING INDEX LIMITED, is allegedly a forex and CFD broker registered in the United Kingdom since 2015 that claims to provide its clients with over 100 tradable financial instruments with flexible leverage up to 1:2000 and floating spreads from 0.0 pips on the MT5 trading platform, as well as a choice of six different live account types and 24/5 multilingual customer support service.
WavFx | Basic Information |
Company Name | WavFx |
Founded | 2015 |
Headquarters | United Kingdom |
Regulations | Unregulated |
Tradable Assets | Forex, Shares, Metals, Commodities, Indices, Bonds, and Digital Currencies |
Account Types | Basic Account, Classic Account, Advanced Account, Pro Account, VIP Account, Investor Account, Islamic Forex Trading Accounts |
Minimum Deposit | $200 |
Maximum Leverage | 1:2000 |
Spreads | From 0.0 pips |
Commission | Included in the spread for certain instruments |
Deposit Methods | Credit Cards, Debit Cards, Wallets, Net Banking, PayPal, Crypto Transfers, and Bank Money Transfers |
Trading Platforms | MetaTrader 5, Web Trader, and Mobile Applications for iPhone and Android |
Customer Support | 24/5 Customer Support Service through Phone, Email, and Online Contact Form |
Education Resources | Limited information |
Bonus Offerings | None |
WavFx, a trading name of WAVFX TRADING INDEX LIMITED, is allegedly a forex and CFD broker registered in the United Kingdom since 2015 that claims to provide its clients with over 100 tradable financial instruments with flexible leverage up to 1:2000 and floating spreads from 0.0 pips on the MT5 trading platform, as well as a choice of six different live account types and 24/5 multilingual customer support service.
WavFx offers a variety of tradable assets, including forex, shares, metals, commodities, indices, bonds, and digital currencies. They provide their clients with access to over 100 financial instruments and offer leverage of up to 1:2000, allowing traders to potentially amplify their profits. The broker utilizes the popular MetaTrader 5 (MT5) trading platform, which is available for desktop, web, and mobile devices.
WavFx offers multiple account types to cater to different trading preferences and requirements. Traders can choose from Basic, Classic, Advanced, Pro, VIP, and Investor accounts, each with varying minimum deposit requirements and features. The broker provides 24/5 customer support service and offers Islamic Forex Trading Accounts for traders who wish to adhere to Islamic finance principles.
While WavFx offers advantages such as a wide range of tradable assets, multiple account types, and high leverage options, it is important to note that the broker operates without valid regulation. This lack of regulation raises concerns about the safety and transparency of its operations. Additionally, WavFx provides limited educational resources, which may be insufficient for traders seeking comprehensive learning materials.
Here is the home page of this brokers official site:
As for regulation, it has been verified that WavFx does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.06/10 (the dynamic score) . Please be aware of the risk.
WavFx is a trading provider that offers both advantages and disadvantages for traders to consider. It is important to evaluate these factors based on individual preferences and requirements.
Pros | Cons |
Wide range of tradable assets: WavFx offers forex, shares, metals, commodities, indices, bonds, and digital currencies, providing traders with diverse options. | Unregulated status: WavFx operates without valid regulation, which raises concerns about the safety and transparency of the broker's operations. |
Multiple account types: WavFx offers a range of account types with different features and benefits, allowing traders to choose one that suits their needs. | Limited educational resources: WavFx provides limited information about educational resources, which may be insufficient for traders seeking in-depth learning materials. |
High leverage: WavFx offers high leverage ratios, up to 1:2000, which can potentially enhance profits for experienced traders. | No bonus offerings: WavFx does not provide any bonus programs, which some traders may consider as an added benefit. |
Commission included in the spread: WavFx incorporates commission charges into the spread for certain instruments, simplifying the fee structure. |
WavFx advertises that it offers access to more than 100 trading instruments in financial markets, including CFD trading in forex (60 currency pairs), stocks, indices, metals, commodities, bonds and cryptocurrencies.
- Forex: Access to over 60 Forex currency pairs, including GBP/USD, EUR/USD, and USD/JPY.
- Shares: Share CFDs on prominent companies from various markets, such as Apple, Microsoft, Amazon, and Google.
- Metals: Trading of gold and silver spot price CFDs with leverage, such as XAU/USD and XAG/USD.
- Commodities: CFD trading on international commodities like gold, silver, and oil.
- Indices: Exposure to major global stock indexes through CFDs, including US30 (Dow Jones Industrial Average), UK100 (FTSE 100), and DE30 (DAX 30).
- Bonds: Trading of Bond CFDs, including US 10 YR T-Note Futures and UK Long Gilt Futures.
- Digital Currencies: Trading of popular cryptocurrencies like Bitcoin, Ethereum, XRP, Bitcoin Cash, and Litecoin.
Here is a comparison table of trading instruments offered by different brokers:
Trading Instruments | WavFx | OANDA | Forex.com | Webull |
Forex | Yes | Yes | Yes | No |
Stocks | Yes | Yes | Yes | Yes |
Gold | Yes | Yes | Yes | No |
Crypto | Yes | Yes | Yes | Yes |
CFD | Yes | No | Yes | No |
Commodities | Yes | Yes | Yes | No |
Silver | Yes | Yes | Yes | No |
Oil | Yes | Yes | Yes | No |
Copper | No | Yes | No | No |
Corn | No | No | No | No |
Futures | Yes | Yes | Yes | No |
Options | No | Yes | Yes | Yes |
ETFs | No | No | No | Yes |
Bonds | Yes | No | Yes | No |
Apart from demo accounts, WavFx claims to offer five more live trading accounts - Basic, Classic, Advanced, Pro and VIP with minimum deposit requirements of $200, $2,500, $5,000, $10,000 and $50,000 respectively, as well as an Investor account about which no minimum deposit limit and Islamic trading accounts. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
1. Basic Account: The Basic Account requires a minimum deposit of $200 and provides access to the Forex market. It offers floating spreads, leverage of up to 1:100, standard instructions and training, free signals, daily market alerts, SWAP-free trading, an account manager, 24/5 customer support, and limited settings for customization.
2. Classic Account: With a minimum deposit of $2,500, the Classic Account grants access to the Forex and Commodity markets. It features floating spreads, leverage of up to 1:200, standard instructions and training, free signals, daily market alerts, SWAP-free trading, an account manager, 24/5 customer support, and limited settings for customization.
3. Advanced Account: The Advanced Account requires a minimum deposit of $5,000 and provides access to the Forex, Commodity, and Indices markets. It offers floating spreads, leverage of up to 1:300, standard instructions and training, average free signals, daily market alerts, SWAP-free trading, an account manager, 24/5 customer support, and limited settings for customization.
4. Pro Account: With a minimum deposit of $10,000, the Pro Account offers access to the Commodity, Indices, Cryptocurrency, and Forex markets. It features floating spreads, high leverage of up to 1:1000, advanced training, standard instructions and training, daily market alerts, SWAP-free trading, an account manager, 24/5 customer support, unlimited settings for customization, and webinars.
5. VIP Account: Designed for high-volume traders, the VIP Account requires a minimum deposit of $50,000. It provides access to the Forex, Commodity, Indices, Stocks and Shares, and Cryptocurrency markets. It offers floating spreads, leverage of up to 1:1500, expert training, unlimited free signals, daily market alerts, SWAP-free trading, an account manager, 24/5 customer support, unlimited settings for customization, webinars, risk management tools, and smart trading features.
6. Investor Account: This account type caters to professional investors and does not specify a minimum deposit. It grants access to all markets, including Forex, Commodity, Indices, Stocks and Shares, and Cryptocurrency. It offers floating spreads, high leverage of up to 1:2000, professional training, unlimited free signals, daily market alerts, SWAP-free trading, a fund manager, 24/5 customer support, unlimited settings for customization, webinars, meetings, risk management tools, and smart trading features.
In addition, WavFx also provides Islamic Forex Trading Accounts for Muslim customers who wish to trade in compliance with Islamic finance principles. These accounts do not involve swaps or interest payments on overnight positions but instead charge an administration fee.
Please note that traders interested in Islamic accounts may be required to provide additional documentation, and it is advisable to consult with religious authorities for guidance on halal trading practices.
Visit the WavFx website. Look for the “Client Areas” or “Start Trading” button on the homepage and click on it.
2. Look for the “Haven't registered yet?” button and click on it.
3. Sign up on websites registration page.
4. Receive your personal account login from an automated email.
5. Select an account type and fill out online application.
6.Proceed to deposit funds to your account.
7. Download the platform and start trading.
WavFx offers various account types with different leverage ratios to accommodate the trading needs of its clients. The maximum leverage offered by WavFx is 1:2000, which is available with the Investor Account.
Basic Account: Leverage of up to 1:100 for Forex trading.
Classic Account: Leverage of up to 1:200 for Forex and Commodity markets.
Advanced Account: Leverage of up to 1:300 for Forex, Commodity, and Indices markets.
Pro Account: Leverage of up to 1:1000 for Commodity, Indices, Cryptocurrency, and Forex markets.
VIP Account: Leverage of up to 1:1500 for Forex, Commodity, Indices, Stocks and Shares, and Cryptocurrency markets.
Investor Account: Leverage of up to 1:2000 for all markets.
It's important to note that while leverage can enhance potential profits, it also increases the risk of losses. Traders should carefully consider their risk tolerance and employ risk management strategies when utilizing leverage in their trading activities.
Here is a comparison table of maximum leverage offered by different brokers:
Broker | Maximum Leverage |
WavFx | 1:2000 |
OANDA | 1:200 |
Pocket Option | 1:500 |
Exness | 1:3000 |
WavFx offers spreads for forex and metals trading. The spreads provided by the company start as low as 0.0 pips, which can help reduce trading costs for traders. WavFx has established liquidity connections with banks and non-banking financial institutions, ensuring access to tight spreads.
The company provides flexible spreads to facilitate quick trade execution and minimize the risk of requotes. WavFx offers RAW ECN accounts with spreads as low as 0.0 pips and Standard STP accounts with spreads starting from 1.0 pips.
In terms of commission charges, WavFx incorporates them into the spread for RAW ECN accounts, meaning there are no separate commission fees for forex and metals trading. For other instruments such as commodities, indices, shares, and cryptocurrencies, the commission charges are already included in the spread.
WavFx applies swap fees for overnight positions, which are charges incurred when traders hold positions overnight. To assist traders in estimating the rollover cost associated with holding positions overnight, WavFx provides an FX exchange rates calculator on their platform. By utilizing this tool, traders can select the relevant financial instrument, input the currency and trade size details, and calculate the associated costs.
Platforms available for trading at WavFx are MetaTrader5, Web trader, and mobile applications for iPhone and Android. Note that MT5 is available on Windows 7 or higher. Also, it is supported on Mac OSX. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
WavFx says that funds can be deposited to their respective trading account via wire transfer and credit/debit cards like Visa, MasterCard and Maestro. Alternative payment methods may be provided depending on your region. While credit/debit cards, wallets, net banking, PayPal, crypto transfers and bank money transfers are said to be the ways money can be withdrawn. The minimum initial deposit requirement is said to be $200.
The brokers website states that there are no additional internal costs for deposits or withdrawals at WavFX. However, be aware that payments to and from international banking institutions may be subject to intermediate transfer costs imposed by either side. More details can be found in the below screenshot.
WavFxs customer support can be reached by telephone: +44 160 7695 4126, email: support@wavfx.com, live chat or send messages online to get in touch. Head Quarters: Cyprus PayME Limited (Payment Manager) 59PP 29V Nicosia, Cyprus. Registration of Corporations: WAVFX LLC 4MH Kingstown, St Vincent and the GrenadinesWAVFX TRADING INDEX LIMITED 158 City Road, London EC1V 2NX.
WavFx provides customer service support around the clock and can be contacted through the following channels:
Phone:
- New Registration: +44 20 3835 3834
- Client Support: +16 07 6954 126
Email:
- General Inquiries: info@wavfx.com
- Support: support@wavfx.com
- Compliance: compliance@wavfx.com
- Feedback: feedback@wavfx.com
Headquarters Address:
Cyprus PayME Limited (Payment Manager)
59PP 29V Nicosia, Cyprus
Registered Corporations:
- WAVFX LLC: 4MH Kingstown, St Vincent and the Grenadines
- WAVFX TRADING INDEX LIMITED: 158 City Road, London EC1V 2NX
Working Hours:
- Monday to Saturday (AEDT): 07:00 - 07:00
- Sunday to Friday (GMT): 22:00 - 22:00
Traders can also fill out an online contact form on the WavFx website, providing their name, email, and message, and the customer service team will respond within 24 hours. WavFx aims to ensure prompt and efficient communication with its traders.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
WavFx provides traders with a comprehensive Economic Calendar, which serves as a valuable tool for monitoring significant global economic news, events, and activities that can impact financial markets.
The Economic Calendar encompasses a wide range of information, including major upcoming market events, economic data, and indicators that have the potential to influence international financial markets, including the Forex market. It covers various categories such as central banks, inflation, interest rates, economic activity, politics, and more. Traders can access real-time information, charts, and detailed descriptions of upcoming news and events, all conveniently located on a single page.
WavFx provides limited information on its website regarding the educational resources and community support available to traders.
In conclusion, WavFx is a forex and CFD broker that offers a wide range of tradable assets and multiple account types. The broker provides high leverage options, flexible spreads, and incorporates commission charges into the spread for certain instruments, simplifying the fee structure. However, there are certain disadvantages to consider. WavFx operates without valid regulation, which raises concerns about the safety and transparency of its operations. The broker also offers limited educational resources, which may not be sufficient for traders seeking comprehensive learning materials. Therefore, traders should exercise caution and carefully evaluate their options before opening an account with WavFx or any other broker. It is important to prioritize safety, regulation, and the availability of educational resources when considering investment opportunities.
Q: Is WavFx a regulated broker?
A: No, WavFx currently operates without valid regulation.
Q: What financial instruments can I trade with WavFx?
A: WavFx provides access to forex, shares, metals, commodities, indices, bonds, and digital currencies.
Q: What are the minimum deposit requirements for WavFx?
A: The minimum deposit for WavFx starts at $200, varying depending on the chosen account type.
Q: What trading platforms are available at WavFx?
A: WavFx offers the MetaTrader 5 (MT5) trading platform, as well as a web trader and mobile applications for iPhone and Android.
Q: Does WavFx offer Islamic trading accounts?
A: Yes, WavFx provides Islamic Forex Trading Accounts for Muslim customers, which comply with Islamic finance principles.