Grand Wave Alliance Bank has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The platform at Grand Wave Alliance Bank is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for roughly four months of dealing with this, I have had enough.
Pros: Easy withdrawals|Multiple order types
Cons: Limited social trading features
Where do I even begin with Grand Wave Alliance Bank? since mid-2025 of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Easy withdrawals|Risk management tools
Cons: Desktop app not available on Linux
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Grand Wave Alliance Bank is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
After since the beginning of the year with Grand Wave Alliance Bank 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: Fast support response|Competitive fees|Social trading features|Multi-currency support
Cons: Limited ETF selection|Could offer more webinars
After seeing ads for Grand Wave Alliance Bank online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
After using Grand Wave Alliance Bank for over a year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Tax reports included|Personal attention
Cons: Charting tools need more indicators|Limited social trading features
KYC with Grand Wave Alliance Bank is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Tax reports included|Market news feed|Professional team|Fast support response
Cons: Withdrawal takes 1-2 business days|Limited demo account features