Basic Information
Registered Region 
United Arab Emirates
United Arab EmiratesOperating Period
2-5 years
Company Name
Money Wave Limited
Customer Service Email Address
support@wavemoney.in
Contact Number
+971523643266
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
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9
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9
/10
Money Wave
United Arab Emirates
|
2-5 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
https://www.wavemoney.in/
Website
Rating Index
Contact
+971 523643266
support@wavemoney.in
https://www.wavemoney.in/
Office No 44-15 Aspin Commercial tower Sheikh Zayed Road Dubai
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2
Website
Company Summary
Wiki Q&A
Comment
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Website
wavemoney.in
68.178.220.250Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Company Summary
| Money WaveReview Summary | |
| Founded | 2022 |
| Registered Country/Region | United Arab Emirates |
| Regulation | No regulation |
| Market Instruments | CFDs, future stocks, commodities, indices, bonds |
| Demo Account | ❌ |
| Leverage | / |
| Spread | Spread free |
| Trading Platform | MT5 |
| Min Deposit | / |
| Customer Support | Contact form |
| Tel: +971523643266 | |
| Email: support@wavemoney.in | |
| Regional Restrictions | The United States, Cuba, Iraq, Myanmar, North Korea, Sudan clients are not allowed |
Money Wave Information
Money Wave is an unregulated broker, offering trading on CFDs, future stocks, commodities, bonds and indices with free spread on MT5 trading platform.
Pros and Cons
| Pros | Cons |
| MT5 platform | No regulation |
| No demo accounts | |
| Few contact channels |
Is Money Wave Legit?
No. Money Wave currently has no valid regulations. Please be aware of the risk!
What Can I Trade on Money Wave?
Money Wave offers trading on CFDs, future stocks, commodities, bonds and indices.
| Tradable Instruments | Supported |
| CFDs | ✔ |
| Future Stocks | ✔ |
| Commodities | ✔ |
| Bonds | ✔ |
| Indices | ✔ |
| Forex | ❌ |
| Cryptos | ❌ |
| ETFs | ❌ |
Leverage
The broker has not clearly provided the leverage it offers. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
Money Wave Fees
Money Wave Spreads
The broker says that it provides a spread free trading environment.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Mobile and desktop | Experienced trader |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
No minimum deposit or withdrawal amount defined and no fees or charges specified. No information about accounts and payment methods is provided on the website. Please be aware of the risk!
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Wiki Q&A
Mansuber007 
1-2 years
Can I know the details about the money wave fees?
The Money Wave offers spread-free trading, which I find appealing as it means I can trade without the cost of the spread. However, there is no detailed information about other potential fees like commissions or withdrawal charges. As a trader, I would want to clarify all potential costs with customer support before fully committing to the platform.
Broker Issues
Fees and Spreads
06-18
United States
TJensen
1-2 years
Is the money wave safe and legit?
Since the Money Wave is unregulated, I would not consider it entirely safe or legit. An unregulated broker increases the risk of potential issues like fraud or mismanagement of funds. I recommend approaching with caution and fully understanding the risks involved before trading. Without a regulatory body overseeing the platform, there’s no guarantee that it adheres to proper trading practices.
Broker Issues
Regulation
06-03
United States
helpneeded
1-2 years
What trading instruments are available on the money wave?
The Money Wave offers a range of tradable instruments, including CFDs, future stocks, commodities, bonds, and indices. However, Forex and cryptocurrencies are not available for trading, which could be a dealbreaker for me if I wanted to trade those specific assets.
Broker Issues
Account
Leverage
Platform
Instruments
05-31
United States
marcustan
1-2 years
What platforms does the money wave provide?
The Money Wave provides MetaTrader 5 (MT5), which is a great platform for more experienced traders like myself. MT5 offers advanced charting tools, technical indicators, and flexible order execution types. However, MT4 is not supported, so beginners may find the platform a bit challenging.
Broker Issues
Platform
Leverage
Account
Instruments
03-19
United States
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