Growth Waves (growthwaves.org) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: Morauweg 27 91056 Erlangen Germany This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.growthwaves.org.
Growth Waves (growthwaves.org) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Automated trading options|Fast execution
Cons: Would like more payment methods
The mobile app from Growth Waves (growthwaves.org) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Easy to use platform|Full transparency|Two-factor authentication
Cons: No integrated tax optimization
Growth Waves (growthwaves.org) 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: Wide product range|Fast execution|Instant funding
Cons: Limited demo account features|Website design could be more modern
The onboarding at Growth Waves (growthwaves.org) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Smooth onboarding|Dedicated account manager|Copy trading available
Cons: Desktop app not available on Linux|No live chat on mobile
I lost a significant amount because Growth Waves (growthwaves.org) 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: Great customer service|Detailed reporting
Cons: Minor UI glitches occasionally|No integrated tax optimization
After spending for nearly two years trying to make Growth Waves (growthwaves.org) 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: API access|Helpful community forum|Reliable uptime|Fast support response
Cons: Limited ETF selection
Growth Waves (growthwaves.org) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Comprehensive tools|Reliable uptime|Social trading features
Cons: Limited social trading features
The platform itself is okay, but the customer service at Growth Waves (growthwaves.org) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Fast deposits|Real-time alerts|Competitive fees
Cons: Slow to add new assets|Nothing significant