Company Profile
Company Profile
Review 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
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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.
FX4850579032
Indonesia
My withdrawal has been pending for 48 hours
Exposure
FX1850838964
Indonesia
Withdrawal always pending in rules 24 hours maximal ,customer service no respon,be carefull deposit in her
Exposure
FX1867538122
Pakistan
I’m a trader based in Malaysia, and I was introduced to this investment platform by an overseas institution. I decided to try it out cautiously. After earning some profits, I attempted to withdraw my funds. The platform provided two withdrawal options: a cryptocurrency wallet or a bank wire transfer. I initially chose the bank transfer, but the transaction failed due to an error in the bank details I entered. Unfortunately, the platform’s support team was not very helpful, which made the situation frustrating. After repeatedly following up without much progress, I eventually switched to the cryptocurrency withdrawal option. The process finally went through, but it took more than a month to complete.
Neutral
Eye Eva
Malaysia
I am a trader from Malaysia. I was introduced to this investment platform by a foreign institution. I decided to invest with a mindset of giving it a try. Afterward, I made money and planned to withdraw. However, this trading platform offers two withdrawal methods: the first is through a cryptocurrency wallet, and the second is via bank wire transfer. I chose the second method. Due to my carelessness in filling out the bank details incorrectly, I was unable to withdraw. What disappointed me was that when I inquired about a solution from the trading platform, they gave me a very perfunctory answer, making me feel compelled to download the cryptocurrency wallet. Finally, after continuous urging from me, the withdrawal was successfully made to the cryptocurrency wallet, taking me more than a month in total.
Neutral