Wave Capital FX (wavecapitalfx.com) has been flagged by Australian Securities and Investments Commission 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.
Do not believe the bonus offer from Wave Capital FX (wavecapitalfx.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a podcast recommendation and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: High security standards|Good analytical tools|Customizable dashboard
Cons: Account statements could be more detailed|Onboarding videos are outdated
I invested $25,000 with Wave Capital FX (wavecapitalfx.com) 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 Australian Securities and Investments Commission.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I gave Wave Capital FX (wavecapitalfx.com) a fair chance. After since mid-2025 of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Economic calendar|Market news feed|Multi-currency support
Cons: Minimum deposit could be lower|Research section could be deeper
Wave Capital FX (wavecapitalfx.com) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Portfolio tracking tools|Clear documentation
Cons: No crypto staking
If you are reading this considering Wave Capital FX (wavecapitalfx.com) - run. I wish I had read more negative reviews through a financial advisor. I thought the positive ones were real. Maybe some are. My experience over for a couple of months now has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Tax reports included|High security standards
Cons: Limited demo account features|No integrated tax optimization
KYC with Wave Capital FX (wavecapitalfx.com) 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: Fast deposits|Multiple order types
Cons: Some tools only available on higher tiers
I joined Wave Capital FX (wavecapitalfx.com) through word of mouth in my investment club 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: Easy withdrawals|Comprehensive tools
Cons: Currency conversion fee exists
After seeing ads for Wave Capital FX (wavecapitalfx.com) online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Australian Securities and Investments Commission. 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: Unauthorized firm|Found in IOSCO warnings database