Score

1.20 /10
Danger

WaveCapital

United States

1-2 years

Suspicious Regulatory License

High potential risk

Add brokers

Comparison

Expose

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index4.58

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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

Check whenever you want

Download App for complete information

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

WaveCapital · Company summary

Note: Regrettably, the official website of WAVE Capital, namely https://www.wavecapitalltd.com/en, is currently experiencing functionality issues.

General Information

WAVE Capital Review Summary
Registered Country/Region United States
Regulation Unauthorized(NFA)
Market Instruments N/A
Demo Account N/A
Leverage N/A
Minimum Deposit N/A
Customer Support Emal:support@wavecapitalltd.com

What is WAVECapital Trade?

WAVE Capital operates as a versatile trading platform, offering a range of financial instruments including Forex, precious metals, and commodities. Attracting a diverse clientele, Golden Group aims to provide traders with the opportunity to engage in various markets, despite its status as an unregulated entity.

The platform is accessible through direct contact via support@wavecapitalltd.com, providing a personal touch to customer service and support.

What is WAVECapital Trade?

Pros & Cons

Pros Cons
N/A Unauthorized Regulation
Limited Information Available
Website Functionality Issues
Lack of Transparency
Unregulated Entity

Cons of WAVE Capital:

  1. Unauthorized Regulation: The platform is noted to be unauthorized by the NFA (National Futures Association), which may raise concerns about its legitimacy and the security of the funds and personal information of its users.

  2. Limited Information Available: The lack of detailed information about the market instruments offered, trading conditions such as leverage and spreads, and the absence of a demo account can make it difficult for potential users to evaluate the platform's suitability for their trading needs.

  3. Website Functionality Issues: The official website experiencing functionality issues can be a significant drawback, as it may hinder access to critical information about the platform, its features, and services, potentially affecting user experience and trust.

  4. Lack of Transparency: The absence of clear information about the trading platforms used, minimum deposit requirements, and customer support details (beyond an email address) can indicate a lack of transparency, which is crucial for building trust with potential and current users.

  5. Unregulated Entity: Operating as an unregulated entity might limit the platform's ability to offer certain financial services and instruments, and it might also mean that users have fewer protections and recourses in case of disputes or issues with the platform.

Is WAVECapital Safe or a Scam?

WAVE Capital appears to be an unregulated trading platform. It operates without authorization from the National Futures Association (NFA) in the United States, as indicated by its current unauthorized status despite having a license number (0559889) for a Common Financial Service License.

This unauthorized status raises concerns about its compliance with regulatory standards and the protection it offers to its users.

Is WAVECapital Safe or a Scam?

Customer Service

Customers can get in touch with customer service lines using the information provided below:

Emal:support@wavecapitalltd.com

Conclusion

WAVE Capital is an unregulated trading platform that operates without authorization from the National Futures Association (NFA) in the United States.

Despite offering a range of financial instruments including Forex, precious metals, and commodities, the lack of regulatory oversight raises significant concerns regarding its legitimacy, the security of client funds, and the overall safety of trading on the platform.

Q 1: Is WAVE Capital regulated?
A 1: No, WAVE Capital is not regulated. It operates without authorization from the NFA, which is a critical regulatory body in the United States for financial services.
Q 2: How can I contact WAVE Capital for support?
A 2: The primary method to contact WAVE Capital is through their support email at support@wavecapitalltd.com. However, the effectiveness and reliability of their customer support are not verified due to the platform's unregulated status

Risk Warning

Please be advised that WAVE Capital operates without authorization from the National Futures Association (NFA) in the United States and does not hold a valid regulatory license.

Engaging in financial activities with an unregulated platform carries significant risks, including the lack of protection for your investments, potential exposure to fraudulent practices, and absence of recourse in the event of disputes.

Investors are urged to exercise caution and thoroughly consider the risks associated with using unregulated financial services before proceeding.

User Reviews

More

User comment

1

Comments

Write a review

Luis Sánchezie
more than one year
Customer service responds within two days, a bit slow.
Customer service responds within two days, a bit slow.
Translate to English
2024-07-22 15:19
Reply
0
0