Review summary
Bitwave Capital is a Cyprus-registered entity that has been operational for 1-2 years. It operates without any recognized regulatory oversight for its provision of forex, cryptocurrency, metals, and other asset trading. WikiFX analysis assigns the broker an overall score of 1.21. The firm offers multiple account types, including Standard, PRO, and VIP, all requiring a minimum deposit of $50 and providing leverage up to 1:500. Trading is facilitated via MT4 and MT5 platforms. The combination of an unregulated status, high leverage, and an operation located in a region flagged for scrutiny presents a significant investor protection concern. Prospective clients should approach with a high degree of due diligence, as there is no financial authority to oversee client fund safety or resolve disputes. 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: 2026-05-06)
