Bullwaves Spreads, leverage, minimum deposit Revealed

WikiFX | 2026-10-10 11:27

Abstract：　　Bullwaves, registered in Seychelles, is an online trading platform that offers trading in forex, shares, indices, metals, commodities, and ETFs on the MT5 platform, with a consistent leverage of up to 1:500 and spreads starting from 0.1 pips. A minimum deposit of $100 is required, and Bullwaves provides three live account types (SWAP FREE, STP, ECN) and a demo account.

Bullwaves Review Summary
Founded	2023
Registered Country/Region	Seychelles
Regulation	FSA (Offshore Regulated)
Market Instruments	Forex, Shares, Indices, Metals, Commodities, and ETFs
Demo Account	✅
Leverage	Up to 1:500
Spread	From 1.6 pips (Classic account)
Trading Platform	MT5
Minimum Deposit	$100
Customer Support	24/7 live chat
	Tel: +248 4379848, +44 1212258769
	Email: support@bullwaves.com

Bullwaves Information

　　Bullwaves, registered in Seychelles, is an online trading platform that offers trading in forex, shares, indices, metals, commodities, and ETFs on the MT5 platform, with a consistent leverage of up to 1:500 and spreads starting from 0.1 pips. A minimum deposit of $100 is required, and Bullwaves provides three live account types (Classic, VIP, ECN) and a demo account.

Pros and Cons

Pros	Cons
Supports Meta Trader 5	Inactivity fee charged
High leverage of 1:500	Offshore regulation
Regulated by the FSA

Is Bullwaves Legit?

　　Bullwaves is officially licensed and offshore regulated by the Seychelles Financial Services Authority (FSA) in Seychelles under license number SD185.

Regulated Authority	Current Status	Regulated Country	License Type	License No.
Seychelles Financial Services Authority（FSA）	Offshore Regulated	Seychelles	Retail Forex License	SD185

What Can I Trade on Bullwaves?

　　Bullwaves offers trading across various markets, including forex, shares, indices, metals, commodities, and ETFs.

Tradable Instruments	Supported
Forex	✔
Shares	✔
Indices	✔
Metals	✔
Commodities	✔
ETFs	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌

Account Type

　　Bullwaves offers three types of accounts, with a demo account available.

Account Type	Ideal for	Minimum Deposit	Stop out	Spread from
ECN	Advanced traders	$5,000	25%	0.1 pips
STP	Beginner traders	$100	50%	1.6 pips
SWAP FREE	Faith-friendly trading, No overnight swaps	$100	50%	1.6 pips

Leverage

　　Bullwaves offers a consistent leverage of 1:500 across all its account types:SWAP FREE, STP and ECN. Note that high leverage can amplify not only profits but also losses.

Bullwaves Fees

　　Spreads:

　　Bullwaves offers variable spreads that differ by account type: the SWAP FREE account starts from 1.6 pips, the STP account from 1.6 pips, and the ECN account from 0.1 pips.

　　Inactive Fees:

　　Bullwaves charges a 10 USD monthly non-refundable inactivity fee. An account becomes inactive if no trade is placed, no positions are opened or closed, and no deposit is made for 30 consecutive days.