Bullwaves Spreads, leverage, minimum deposit Revealed

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

Is Bullwaves Legit?

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

What Can I Trade on Bullwaves?

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

Account Type

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

Leverage

　　Bullwaves offers a consistent leverage of 1:500 across all its account types: Classic, VIP, 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 Classic account starts from 1.6 pips, the VIP account from 0.8 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.

Trading Platform

Deposit and Withdrawal

　　Bullwaves charges withdrawal fees:

• Bank wire withdrawals: 10 EUR fixed fee for ≤ 100 EUR.
• Other withdrawals (except card refunds): 10 EUR fixed fee for ≤ 20 EUR.
• Additional fees from funding providers may apply.