ANSWER No, Wave Pro Trade is not a legitimate broker.The platform's claims of being regulated in the UK and Australia are baseless as there are no indications that it is registered with relevant financial regulators within the two countries. What's more, the Financial Conduct Authority (FCA) in the UK has issued a warning against Wave Pro Trade, explicitedly indicating its unlicensed status.In light of this, Wave Pro Trade appears to be a scam. Without regulatory oversight, investors' funds with the platform are not protected. To mitigate such risks, it is highly recommended to choose fully regulated brokers over unregulated ones like Wave Pro Trade.
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