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No Regulation
Score
1.93 /10
Danger
Money Wave
2-5 yearsSuspicious Regulatory License
MT5 Full License
Regional Brokers
High potential risk
Influence
D
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index5.96
Risk Management Index0.00
Software Index7.73
License Index0.00
Open Account
Website
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
open now
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Warning: Low score, please stay away!
Previous Detection :
2025-07-13
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Money WaveReview Summary | |
| Founded | 2022 |
| Registered Country/Region | United Arab Emirates |
| Regulation | No regulation |
| Market Instruments | CFDs, future stocks, commodities, indices, bonds |
| Demo Account | ❌ |
| Leverage | / |
| Spread | Spread free |
| Trading Platform | MT5 |
| Min Deposit | / |
| Customer Support | Contact form |
| Tel: +971523643266 | |
| Email: support@wavemoney.in | |
| Regional Restrictions | The United States, Cuba, Iraq, Myanmar, North Korea, Sudan clients are not allowed |
Money Wave Information
Money Wave is an unregulated broker, offering trading on CFDs, future stocks, commodities, bonds and indices with free spread on MT5 trading platform.
Pros and Cons
| Pros | Cons |
| MT5 platform | No regulation |
| No demo accounts | |
| Few contact channels |
Is Money Wave Legit?
No. Money Wave currently has no valid regulations. Please be aware of the risk!
What Can I Trade on Money Wave?
Money Wave offers trading on CFDs, future stocks, commodities, bonds and indices.
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Future Stocks | ✔ |
| Commodities | ✔ |
| Bonds | ✔ |
| Indices | ✔ |
| Forex | ❌ |
| Cryptos | ❌ |
| ETFs | ❌ |
Leverage
The broker has not clearly provided the leverage it offers. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
Money Wave Fees
Money Wave Spreads
The broker says that it provides a spread free trading environment.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Mobile and desktop | Experienced trader |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
No minimum deposit or withdrawal amount defined and no fees or charges specified. No information about accounts and payment methods is provided on the website. Please be aware of the risk!
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