Forex Brokers

Alphawave Exchange

1.6 (11 reviews)
🇬🇧 United Kingdom
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1.6
11 reviews
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About Alphawave Exchange

Alphawave Exchange 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.

Customer Reviews

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How have they won any awards

C
Chloe P.
3 weeks ago

I closed a profitable position at Alphawave Exchange and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.

Pros: Regular platform improvements|Dedicated account manager|Clear documentation

Cons: Live chat only during business hours|Minor UI glitches occasionally

Mobile app loses orders

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Natalie G.
1 months ago

After for about three months with Alphawave Exchange I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.

Pros: Market news feed|Two-factor authentication|Clean UI

Cons: Inactivity fee applies after 12 months|Nothing significant

Lost my investment - DO NOT TRUST

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Frank B.
3 months ago

I invested $25,000 with Alphawave Exchange after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Conduct Authority.

Cons: Blocked my account|No legitimate license|Fake returns

No API for automated trading

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Chloe F.
3 months ago

I joined Alphawave Exchange after doing extensive research and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.

Pros: Regular platform improvements|Personal attention

Cons: Could offer more webinars|Help articles are sometimes vague

Regretting every moment spent here

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Aiden L.
4 months ago

The spread at Alphawave Exchange is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after reading several online reviews and initially thought the platform was good - until I started trading seriously.

Pros: Regular platform improvements|Clean UI|Quick verification|Excellent charting

Cons: Wish they had more educational resources

Run the other way

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Miles I.
7 months ago

I trusted Alphawave Exchange with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.

Pros: Low minimum deposit|Responsive team

Cons: No integrated tax optimization

Documents rejected repeatedly

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John T.
7 months ago

Alphawave Exchange had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.

Pros: Stable platform|Segregated accounts|Copy trading available|Risk management tools

Cons: Nothing significant|Alert system is basic

Do not believe the hype

M
Mark S.
10 months ago

Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Alphawave Exchange recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.

Pros: Market news feed|Dividend tracking|Easy withdrawals

Cons: Minor UI glitches occasionally|Research section could be deeper

Rip-off dressed as a service

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Zoe P.
10 months ago

Alphawave Exchange locked my account without warning and demanded documents I had already submitted. for just over a year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.

Pros: Customizable dashboard|Transparent fees|Low minimum deposit|Regular platform improvements

Cons: Would like more payment methods|Charting tools need more indicators

Data lost in transition

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Charles C.
11 months ago

I am in a dispute with Alphawave Exchange 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: Social trading features|Good analytical tools|Great customer service|Transparent fees

Cons: Website design could be more modern