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WavFx

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Operating status: SCAM

Website: https://wavfx.com/

Broker violations and abnormal records
  • 2023-05-07 BrokersView has reviewed that WavFx is an unregulated broker

    WavFx claims to be operated by the WAVFX TRADING INDEX LIMITED, registered with the Registrar of Companies for England and Wales (as known as the Companies House). However, our search for this broker on the Companies House website didn't find any matching records, which is a red flag. In addition, brokers operating in the UK must obtain authorization from the Financial Conduct Authority (FCA) to offer financial services or products legally, but our search for this broker in the FCA register suggests that it is not authorized by the agency. This means that WavFx is literally not subject to effective regulations.

    In essence, WavFx is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    WavFx claims to be operated by the WAVFX TRADING INDEX LIMITED, registered with the Registrar of Companies for England and Wales (as known as the Companies House). However, our search for this broker on the Companies House website didn't find any matching records, which is a red flag. In addition, brokers operating in the UK must obtain authorization from the Financial Conduct Authority (FCA) to offer financial services or products legally, but our search for this broker in the FCA register suggests that it is not authorized by the agency. This means that WavFx is literally not subject to effective regulations.In essence, WavFx is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2024-10-01 The UK FCA issued a Warning against WAVFX TRADING INDEX LIMITED/WavFX

    On 2nd October 2024, the United Kingdom Financial Conduct Authority (FCA) issued a warning against WavFX, believing this company might be providing financial services or products without authorisation in the UK. You may visit: https://www.fca.org.uk/news/warnings/wavfx-trading-index-limited-wavfx.

    On 2nd October 2024, the United Kingdom Financial Conduct Authority (FCA) issued a warning against WavFX, believing this company might be providing financial services or products without authorisation in the UK. You may visit: https://www.fca.org.uk/news/warnings/wavfx-trading-index-limited-wavfx.

Related Complaints

Q&A

Does WavFx have licenses?

Filip
Mozambique
2023-05-09
ANSWER WavFx is an unlicensed broker that we advise against trading with, despite the seemingly attractive deals it offers.WavFx claims to be operated by the WavFx Trading Index Limited, registered with the Registrar of Companies for England and Wales (as known as the Companies House). However, our search for this broker on the Companies House website didn't find any matching records, which is a red flag. In addition, brokers operating in the UK must obtain authorization from the Financial Conduct Authority (FCA) to offer financial services or products legally, but our search for this broker in the FCA register suggests that it is not authorized by the agency. This means that WavFx is literally not subject to effective regulations.With regard to your question, WavFx doesn't have any licenses in forex markets. Dealing with this unlicensed broker could lead to significant risks including loss of funds and identity theft. Therefore, we strongly suggest investors stay away from unlicensed brokers like WavFx and opt for fully regulated ones instead.
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