GLOBAL WAVE FX 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. Website domain: globalwavefx.com.
GLOBAL WAVE FX 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: API access|Personal attention|Dedicated account manager|Transparent fees
Cons: Slow to add new assets
I closed a profitable position at GLOBAL WAVE FX 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: Educational resources|Low minimum deposit|Portfolio tracking tools|Detailed reporting
Cons: No live chat on mobile
I joined GLOBAL WAVE FX while looking for alternatives to my previous provider 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: Two-factor authentication|Fast deposits
Cons: None so far
My withdrawal from GLOBAL WAVE FX was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for roughly four months of being strung along.
Pros: Excellent charting|Customizable dashboard|Good analytical tools|Helpful community forum
Cons: Website design could be more modern|Cannot customize dashboard fully
After spending for the past six months trying to make GLOBAL WAVE FX work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Demo account available|Economic calendar|Segregated accounts|Detailed reporting
Cons: Alert system is basic|Charting tools need more indicators
Do not use GLOBAL WAVE FX for anything serious. I used them for about five months 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: Good analytical tools|Multiple order types|Full transparency|Professional team
Cons: Alert system is basic
For anyone considering GLOBAL WAVE FX, please be aware that this company has been flagged by Financial Conduct Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
I have been trying to close my account with GLOBAL WAVE FX 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: Wide product range|Regular updates|Great customer service
Cons: Email notifications too frequent
The so-called education at GLOBAL WAVE FX is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for a few weeks now thinking they would help me learn.
Pros: Full transparency|Fast deposits|Multi-currency support
Cons: Nothing significant|Could offer more webinars
GLOBAL WAVE FX locked my account without warning and demanded documents I had already submitted. for a couple of months now later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Automated trading options|Good mobile app|Copy trading available
Cons: Currency conversion fee exists