Alphawave Capitals has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I am in a dispute with Alphawave Capitals over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Risk management tools|Good analytical tools|Excellent charting
Cons: Limited ETF selection
Do not be fooled by the professional-looking website. Behind the scenes, Alphawave Capitals is disorganized and incompetent. I found them from a blog post comparing services and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Real-time alerts|Great customer service|Demo account available|Two-factor authentication
Cons: Nothing significant|No integrated tax optimization
Do not use Alphawave Capitals for anything serious. I used them for a few weeks now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: API access|Copy trading available|Excellent charting|Regular platform improvements
Cons: Limited ETF selection|Help articles are sometimes vague