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Are Bullwaves' spreads good?
Nemanja Targui
Croatia
Jun 02, 2026
ANSWER Dear Investor, Regarding the spread advantages offered by Bullwaves, we recommend that you consult their customer service team directly and conduct comparisons with similar brokers to make an informed decision. We have verified that Bullwaves is a broker regulated by the Seychelles Financial Services Authority (FSA), with its underlying operating entity identified as Equitex Capital Limited. The Seychelles FSA has officially registered and published the platform's domain name. However, while this license is fully verifiable, it is important to note that the Seychelles FSA is an offshore regulator. Consequently, its supervisory power and investor protection standards may not be as robust as those of mainstream, top-tier regulators. We strongly advise you to exercise caution in your interactions with this broker and to always keep the inherent risks of forex trading in mind.
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Is Bullwaves a regulated broker?
Shane Kidson
Paraguay
Feb 06, 2024
ANSWER Yes, Bullwaves is regulated. It is a trading name of Equitex Capital Limited, a company authorized and regulated by the Financial Services Authority of Seychelles (Seychelles FSA).Although the Seychelles FSA enforces regulatory and compliance requirements, it is generally perceived as less rigorous compared to more established regulatory authorities in major financial hubs. We advise opting for brokers regulated by the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC), known for their stricter regulations and superior standards of oversight, which may instill a higher level of confidence in traders. Ultimately, it is crucial for traders to perform their own thorough research when selecting a broker, irrespective of the regulatory body.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.