Entity Wave has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Market...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Entity Wave recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Copy trading available|Segregated accounts|Market news feed
Cons: No fractional shares|Live chat only during business hours
My withdrawal request from Entity Wave has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Multiple order types|Automated trading options|Detailed reporting|Good mobile app
Cons: No fractional shares|Limited cryptocurrency options
Do not believe the bonus offer from Entity Wave. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited based on a colleague's recommendation and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Professional team|Regular updates
Cons: Email notifications too frequent|No integrated tax optimization
I have been trying to close my account with Entity Wave for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Great customer service|Smooth onboarding|Easy withdrawals|Reliable uptime
Cons: None so far|Charting tools need more indicators
I closed a profitable position at Entity Wave 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: Wide product range|Intuitive for beginners
Cons: Limited social trading features|Limited demo account features
I was about to invest with Entity Wave but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
I had a dispute with Entity Wave and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Multi-currency support|Economic calendar
Cons: Alert system is basic
I lost a significant amount because Entity Wave did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Multiple order types|No hidden fees
Cons: Spreads widen during volatile periods
The platform at Entity Wave is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about ten months of dealing with this, I have had enough.
Pros: Multi-currency support|Automated trading options|Wide product range|Risk management tools
Cons: Limited cryptocurrency options
Do not be fooled by the professional-looking website. Behind the scenes, Entity Wave is disorganized and incompetent. I found them after hearing about them at a conference and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Dividend tracking|Fast support response|Low minimum deposit
Cons: No phone support on weekends|Minimum deposit could be lower