Bullwaves Forex Broker

Bullwaves Review SummaryFounded2023Registered Country/RegionSeychellesRegulationFSA (Offshore Regulated)Market InstrumentsForex, Shares, Indices, Metals, Commodities, and ETFsDemo Account✅LeverageUp to 1:500SpreadFrom 1.6 pips (Classic account)Trading PlatformMT5Minimum Deposit$100Customer Support24/7 live chatTel: +248 4379848, +44 1212258769Email: support@bullwaves.comBullwaves 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 ConsPros Cons Supports Meta Trader 5Inactivity fee chargedHigh leverage of 1:500Offshore regulationRegulated by the FSAIs Bullwaves Legit? Bullwaves is officially licensed and offshore regulated by the Seychelles Financial Services Authority (FSA) in Seychelles under license number SD185.Regulated AuthorityCurrent StatusRegulated CountryLicense TypeLicense No.Seychelles Financial Services Authority（FSA）Offshore RegulatedSeychellesRetail Forex LicenseSD185What Can I Trade on Bullwaves? Bullwaves offers trading across various markets, including forex, shares, indices, metals, commodities, and ETFs.Tradable Instruments Supported Forex✔Shares✔Indices✔Metals✔Commodities✔ETFs✔Cryptocurrencies❌Bonds❌Options❌Account Type Bullwaves offers three types of accounts, with a demo account available.Account TypeIdeal forMinimum DepositStop outSpread fromClassicBeginner traders$25050%1.6 pipsVIPIntermediate traders$3,0000.8 pipsECNAdvanced traders$5,0000.1 pipsLeverage 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 PlatformTrading PlatformSupported Available Devices Suitable for MT5✔Desktop, Android, Apple phoneExperienced tradersMT4❌/BeginnersDeposit 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.