Money Wave Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-05-09 12:15

Abstract：Money Wave is an unregulated broker, offering trading on CFDs, future stocks, commodities, bonds and indices with free spread on MT5 trading platform.

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!