Score

4.20 /10
Average

Bullwaves

Seychelles

2-5 years

Regulated in Seychelles

Derivatives Trading License (EP)

MT5 Full License

Medium Risk

Offshore Regulation

B

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Comparison

Quantity 2

Exposure

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Website

Score

Regulatory Index1.76

Business Index5.94

Risk Management Index8.90

Software Index8.71

License Index1.76

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Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Equitex Capital Limited

Company Abbreviation

Bullwaves

Platform registered country and region

Seychelles

Company website

Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2026-06-15
  • This broker is regulated in an offshore jurisdiction with a light-touch supervisory framework. Please be aware of the risks!

WikiFX Verification

Pyramid scheme complaint
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Bullwaves · Company summary

Bullwaves is a dynamic, multi-asset online brokerage that provides modern 500+ financial derivatives and contract-for-difference (CFD) trading solutions. Established in 2023, the platform is designed to serve both novice retail traders and seasoned professionals. The brand focuses on lightning-fast market execution and transparent trading ecosystems.

1. Corporate Ownership and Regulation

The platform operates as a reputable, registered trading name under its parent entity, Equitex Capital Limited. This corporate entity is headquartered, authorized, and regulated by the Financial Services Authority of Seychelles (FSA) under regulatory license number SD185. By adhering to this offshore regulatory framework, the broker ensures essential client safeguards. These include the segregation of client funds from corporate operational capital and the provision of negative balance protection.

2. Key Trading Features

The brokerage provides a competitive and feature-rich trading landscape:

- Advanced Trading Infrastructure: The broker exclusively hosts the MetaTrader 5 (MT5) platform. This delivers advanced charting tools, technical indicators, and seamless processing on desktop, web, and mobile versions.

- Diverse Market Instrumentation: Traders can navigate over 200+ tradable assets. These span major and exotic Forex pairs, indices, precious metals, energies, shares, and a broad array of cryptocurrencies.

- Social and Copy Trading: Beginners can mirror the positions of top-performing strategy providers through integrated copy trading networks. This makes it an ideal launchpad for collaborative, community-driven investing.

- Aggressive Financial Leverage: The platform accommodates diverse risk strategies by offering dynamic accounts with leverage stretching up to 1:500.

- Cost-Efficient Funding: Accounts operate under a zero-commission pricing environment. They require a minimum deposit of $100 to $250, alongside cost-free processing for deposits and withdrawals.

Ultimately, Bullwaves presents a highly scalable, user-centric gateway to global liquidity pools. Its strong emphasis on robust MT5 mechanics and social copy trading makes it a standout choice for international investors looking to diversify.

User Reviews

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User comment

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Comments

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FX1644812402
0-3months
The withdrawal process has been organized and easy to track from my experience. Requests were processed properly and updates were clear throughout the transaction. Withdrawals came through fast which definitely builds more confidence in the platform. So far, everything has been handled well.
The withdrawal process has been organized and easy to track from my experience. Requests were processed properly and updates were clear throughout the transaction. Withdrawals came through fast which definitely builds more confidence in the platform. So far, everything has been handled well.
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2026-05-14 05:08
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0
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FX1505396500
0-3months
I had a few concerns regarding account verification before and the support team handled it properly. Replies were clear, professional, and easy to understand even for someone not too technical. They don’t just send automated answers which I appreciate a lot. Overall, the customer service has been dependable so far.
I had a few concerns regarding account verification before and the support team handled it properly. Replies were clear, professional, and easy to understand even for someone not too technical. They don’t just send automated answers which I appreciate a lot. Overall, the customer service has been dependable so far.
Translate to English
2026-05-14 04:05
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0
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2