Review summary
WaveTrade Ltd, trading as WAVETRADE, has been operating for approximately 1-2 years and is registered in the offshore jurisdiction of Anguilla. According to WikiFX data, the broker holds no valid authoritative forex trading licenses, placing it entirely outside the oversight of any recognized financial regulator. The WikiFX overall score of 1.19 underscores this absence of regulatory protection. In terms of trading conditions, WaveTrade provides three account types—Islamic, Standard, and Raw Spread—each offering maximum leverage of 1:500. Spreads start from 0.0 pips on the Raw Spread and Islamic accounts, and from 0.8 pips on the Standard account. The platform supports scalping, hedging, and Expert Advisors. Given the lack of regulatory licensing and the low WikiFX score, WaveTrade represents a notably high-risk trading environment for prospective clients. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-07-14)
