Bullwaves Review
Min Deposit
$100
Countries
Broker Overview
Bullwaves is dedicated to offering a comprehensive range of educational materials to support traders at all levels. Its resources include in-depth trading courses, interactive webinars led by industry professionals, and a rich collection of e-books covering essential trading concepts. These materials are designed to cater to both novice traders looking to build a strong foundation and experienced traders seeking to refine their strategies. By providing structured learning opportunities, Bullwaves ensures traders have the knowledge and skills to navigate financial markets effectively.
2. 24/7 Multilingual Support:Traders have access to round-the-clock support in multiple languages, ensuring they receive seamless assistance whenever needed. The support team is available 24/7 to help resolve technical issues, answer trading-related inquiries, and provide guidance on platform usage. This multilingual support ensures that traders from diverse backgrounds can communicate effectively and receive help in their preferred language. With a commitment to exceptional customer service, Bullwaves aims to create a smooth and efficient trading experience for all its users.
3. Advanced Risk Management Features:Negative balance protection, margin calls, and stop-out levels are essential risk management tools that help traders safeguard their capital. Negative balance protection ensures that traders never lose more than their account balance, preventing them from falling into debt. Margin calls serve as an early warning system, alerting traders when their account equity drops to a critical level, prompting them to take action. Additionally, stop-out levels automatically close positions when account funds reach a predefined threshold, further minimizing potential losses and enhancing overall risk control.
Pros & Cons
Pros
- Diverse Account Types: Bullwaves caters to both beginner and advanced traders with a range of account options.
- High Leverage: Maximum leverage up to 1:500, allowing traders to control larger positions.
- 24/7 Multi-Channel Support: Available in multiple languages via live chat, email, and phone.
- Comprehensive Educational Resources: Training materials, video lectures, e-books, and trading courses.
- Advanced Risk Management Tools: Features such as negative balance protection and stop-out levels.
Cons
- Not Regulated by Top-Tier Authorities: Lacks regulation from top-tier bodies like ASIC or FCA.
- Limited Platform Options: Currently offers only MT5 instead MT4 or cTrader.
- High Minimum Deposit: A $100 deposit requirement may deter small retail traders.
General Information
Max Leverage
Execution Models
Deposit Currencies
Support Languages
Contact Information
Account Types Overview
Bullwaves offers three account types to suit different trading preferences:
Classic Account:The CLASSIC account is great for beginners as it has all the offered features of Bullwaves with the exception of swap discounts. Another difference between this classic account and others is the fact that it has the highest spreads. For example, the spreads on EUR/USD on this account starts at 2.5 pips.
VIP Account:According to Bullwaves, VIP is their best value account. The spreads on the gold account are lower than classic and silver starting at 1.8 pips. This account is more suited for traders with some experience.
Elite Account:An ELITE account is best suited for high-volume traders. The EUR/USD spreads on this account are 0.9 pips only.
Minimum Spread Commission per Round Lot Cost per 1.0 Standard Lot 2.5 pips (Classic and Silver)$0.00 $40.001.8 pips (Gold)$0.00$18.000.9 pips (VIP)$0.00$9.00Account Types
VIP - Bullwaves
Swap-free account
Features
Deposit Currencies
Trading Instruments
Forex
Number of currency pairs: 11
CFDs
Amount of assets: 12+
Metals
Energy Source
Shares
Stock exchange
Characteristics
Stop Out
35%
Margin Call
100%
Min Position
0.05 units
Max Position
Varies
Execution
market
Spread Type
Floating
Decimals
5
Locked Margin
Not specified
Commission
Varies
Elite - Bullwaves
Swap-free account
Features
Deposit Currencies
Trading Instruments
Forex
Number of currency pairs: 11
CFDs
Amount of assets: 12+
Metals
Energy Source
Shares
Stock exchange
Characteristics
Stop Out
25%
Margin Call
100%
Min Position
0.01 units
Max Position
Varies
Execution
market
Spread Type
Floating
Decimals
5
Locked Margin
Not specified
Commission
Varies
Classic - Bullwaves
Swap-free account
Features
Deposit Currencies
Trading Instruments
Forex
Number of currency pairs: 11
CFDs
Amount of assets: 12+
Metals
Energy Source
Shares
Stock exchange
Characteristics
Stop Out
50%
Margin Call
100%
Min Position
0.01 units
Max Position
Varies
Execution
market
Spread Type
Floating
Decimals
5
Locked Margin
Not specified
Commission
Varies
Payment Methods
Deposit Methods
Withdrawal Methods
Trading Platforms
Frequently Asked Questions
Is Bullwaves a scam?
No, Bullwaves is not a scam. It is a regulated broker offering a diverse range of 160+ tradable assets, along with a variety of powerful trading features. Additionally, Bullwaves provides extensive educational resources, helping traders build a strong foundation in trading and advance their skills with in-depth strategies. The platform is designed to support both beginners and experienced traders, ensuring a comprehensive and secure trading experience.
What account types does Bullwaves offer?
Bullwaves provides:
1. Classic
2. VIP
3. Elite account to suit various trading needs
Start Trading
Quick Facts
- Trading Platforms
- MetaTrader 5WebTrader
- Execution Model
- MM
- Deposit Currency
- USDEURGBP
- Support Languages
- EnglishGermanFrench+9
