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Offshore Regulated
Score
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/10
BULL WAVES
Seychelles
|
2-5 years
|
ECN Account
Regulated in Seychelles
|
Retail Forex License
|
MT5 Full License
|
Medium potential risk
|
Offshore Regulated
https://www.bullwaves.com/
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
BullWaves-LIVE
United Kingdom
4
Influence
B
Influence index NO.1
Italy 4.82MT4/5 Identification
MT4/5 Identification
Full License
4
Server Name
BullWaves-LIVE MT5
Server Location United Kingdom
United KingdomInfluence
Influence
B
Influence index NO.1
Italy 4.82Surpassed 54.40% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+248 4379848
support@bullwaves.com
https://www.bullwaves.com/
CT House, office number 9A, Providence, Mahe, Seychelles
Licenses
Licensed Entity：Equitex Capital Limited
License No. SD185
VPS Standard
No restriction on the broker account
Single Core
1G
40G
1M*ADSL
WikiFX Risk Alerts
2025-10-30
- The Seychelles FSA regulation with license number: SD185 is an offshore regulation. Please be aware of the risk!
Basic Information
Registered Region Seychelles
SeychellesOperating Period
2-5 years
Company Name
Equitex Capital Limited
Abbreviation
BULL WAVES
Company employee
--
Customer Service Email Address
support@bullwaves.com
Contact Number
+2484379848
Company Website
Company Address
CT House, office number 9A, Providence, Mahe, Seychelles
Keywords 6
2-5 years
Regulated in Seychelles
Retail Forex License
MT5 Full License
Medium potential risk
Offshore Regulated
Account
Related Software
Biz Area
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Wiki Q&A
Comment
Account
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
5.000$
Minimum Spread
From 0.1
Depositing Method
--
Withdrawal Method
--
Minimum Position
0.01
Commission
--
Products
All Assets
Updated：
2025-10-30
MT4/5
Full License MT5
0
MT4 Servers
1
MT5 Servers
159.33
Average execution speed/ms
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Meta Trader 5
Perfect
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Official website
Website
bullwaves.global75.2.70.75
bullwaves.com75.2.70.75
Genealogy
VIP is not activated.Open Now
Relevant Enterprises
ETX SERVICES LTD(Cyprus)
Active
Cyprus
Registration No.
HE455407
Established
2024-09-01
EQUITEX CAPITAL PTY LTD(Australia)
Deregistered
Australia
Registration No.
652920977
Established
2023-07-22
Employees
Company Summary
| Bullwaves Review Summary | |
| Founded | 2023 |
| Registered Country/Region | Seychelles |
| Regulation | FSA (Offshore Regulated) |
| Market Instruments | Forex, Shares, Indices, Metals, Commodities, and ETFs |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 1.6 pips (Classic account) |
| Trading Platform | MT5 |
| Minimum Deposit | $100 |
| Customer Support | 24/7 live chat |
| Tel: +248 4379848, +44 1212258769 | |
| Email: support@bullwaves.com | |
Bullwaves 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 Cons
| Pros | Cons |
|
|
|
|
|
Is Bullwaves Legit?
Bullwaves is officially licensed and offshore regulated by the Seychelles Financial Services Authority (FSA) in Seychelles under license number SD185.
| Regulated Authority | Current Status | Regulated Country | License Type | License No. |
| Seychelles Financial Services Authority（FSA） | Offshore Regulated | Seychelles | Retail Forex License | SD185 |
What 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 Type | Ideal for | Minimum Deposit | Stop out | Spread from |
| Classic | Beginner traders | $250 | 50% | 1.6 pips |
| VIP | Intermediate traders | $3,000 | 0.8 pips | |
| ECN | Advanced traders | $5,000 | 0.1 pips |
Leverage
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 Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Android, Apple phone | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit 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.
Keywords
- 2-5 years
- Regulated in Seychelles
- Retail Forex License
- MT5 Full License
- Medium potential risk
- Offshore Regulated
Wiki Q&A
WoodCrusher 
1-2 years
What is the minimum deposit of Bullwaves broker?
The minimum deposit varies depending on the account type: $250 for the Classic account, $3,000 for the VIP account, and $5,000 for the ECN account.
Broker Issues
Withdrawal
Deposit
08-01
United States
Ashraf20
1-2 years
How to log in to the Bullwaves broker’s account?
To log in to your live Bullwaves account, open the MT5 platform and enter your live account credentials provided by the broker.
Broker Issues
Instruments
Account
Leverage
Platform
07-23
United States
aariapoor
1-2 years
Which platform does Bullwaves work with? MT5 or MT4?
Bullwaves supports the MT5 trading platform, which is available for desktop, Android, and iOS devices.
Broker Issues
Platform
Leverage
Instruments
Account
07-18
United States
schlaepfi
1-2 years
What are the pros of Bullwaves?
The pros of Bullwaves include its regulation by the FSA, support for the MT5 platform, high leverage of up to 1:500, and a wide range of tradable instruments such as forex, shares, indices, metals, commodities, and ETFs.
Broker Issues
Regulation
07-07
United States
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