Review summary
WaveTrade Ltd is a forex broker established within the past year and registered in Anguilla, classified as a regional broker. The entity holds no valid authoritative forex trading licenses from major global regulatory bodies, constituting a severe risk warning due to the complete lack of financial oversight. It achieves a low overall WikiFX score of 1.85. On the technical front, the broker offers a full-license MetaTrader 5 platform with servers averaging a 312ms execution speed. Trading accounts, including Standard, Islamic, and Raw Spread options, are available with leverage up to 1:500 and floating spreads starting from 0.0 pips, permitting scalping and Expert Advisor usage. The combination of an unregulated offshore status and a very recent market entry presents exceptionally high risk for potential 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: 2026-03-19)
