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Bullwaves is a forex broker located in the Seychelles, regulated by the Seychelles Financial Services Authority (FSA).
Bullwaves accepts clients from all over the world, excluding USA, Belgium, Israel, Iran, Maldives, North Korea, Afghanistan, Belarus, Central African Republic, China, Iran, Russia, Cuba, Libya, Nicaragua, Venezuela and some other jurisdictions sanctioned by the FATF and EU/UN.
Forex broker offers the following underlying assets for trading.
| 100+ Currency Pairs | Based on major and minor world currencies. |
| 12 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 5 Metal CFDs | Based on Gold, Silver, Platinum, Aluminium, Copper. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 3 Soft CFDs | Based on Corn, Cocoa, Sugar. |
| 90+ Stock CFDs | Based on shares of highly capitalized US companies. |
Bullwaves is an offshore-registered forex broker from the Seychelles that has been operating since 2023. The broker is regulated by the country's financial regulator, the Seychelles Financial Services Authority (FSA), and accepts clients from most countries, except the US, China, Belgium, Israel, Russia and a number of sanctioned countries.
Bullwaves is associated with the prop trading firm Bullwaves Prime, which funds home-based forex and CFD traders with up to $400,000 in trading capital in exchange for a share of their profits. Anyone can qualify to receive funding from the firm by passing a trading “challenge” and paying a corresponding one-time fee. The fee ranges from $89 to $2,199, depending on the amount of funding the trader is seeking.
One major selling point that Bullwaves has over its competitors is the very large selection of both forex pairs and stocks that are available for trading. With access to more than 100 FX pairs, forex traders who need access to multiple markets to run their strategies on will have exactly what they need. Similarly, Bullwaves also offers exposure to stock CFDs from some 90 companies listed on major US stock exchanges. This is more than what most other forex brokers we have reviewed offers, and coupled with the fact that these are leveraged stock CFDs, it is a pretty strong selling point by itself.
Other than stocks and forex, Bullwaves offers trading in asset classes such as metals, energy commodities, soft commodities and major indices.
In terms of trading account types, Bullwaves offers its clients three different options:
– Classic account, with a minimum deposit of $100, spreads from 1.6 pips and no commissions.
– VIP account, with a minimum deposit of $3,000, spreads from 0.8 pips, and no commissions.
– ECN account, with a minimum deposit of $5,000, spreads from 0.1 pips, and commissions of $7 per lot per round-trip.
All of the account types give access to the same max leverage (1:500), and trading across the full range of assets supported by the broker.
To fund an account, Bullwaves clients can use either bank transfer, credit and debit cards, Google Pay and Apple Pay, as well as e-wallets like Neteller. Additionally, stablecoin (USDT) deposits are generally accepted. Bullwaves does not charge any fees for processing deposits, although fees charged by the payment method provider still apply. When it comes to withdrawals, it is noted that the minimum withdrawal amount is 2 EUR. However, a processing fee of 10 EUR will be charged for any withdrawals of less than 100 EUR.
Bullwaves' customer support can be reached via the usual methods such as live chat on the website and email. Unfortunately, no direct phone number to the broker has been made available on the website. There is also no information about what the opening hours for support is, which usually means that 24-hour support is not available.
All in all, we see Bullwaves as an interesting up-and-coming forex broker that should be considered, particularly for traders who want access to a large selection of stocks and forex pairs with high leverage. We also like the prop trading offering that exists through Bullwaves Prime, and believe this could be a good match for profitable traders who are looking to scale up their venture.
