Bullwaves Legit Analysis – Is Bullwaves Legit?

Is Bullwaves Legit and Safe? A Deep Analysis

Bullwaves operates under Equitex Capital Limited, licensed by the Seychelles Financial Services Authority (FSA) with Retail Forex License No. SD185. This offshore regulation does not match the rigor of FCA, ASIC or MAS. While Bullwaves claims segregation of client funds and offers negative balance protection, the weak enforcement standards of Seychelles FSA require traders to critically assess risk. Customer feedback reveals both smooth experiences and recurring withdrawal delays. The legitimacy status is clear—licensed and operational—but safety is conditional and depends heavily on risk tolerance and due diligence.

Frequently Asked Issues Traders Ask About Bullwaves

What jurisdiction regulates Bullwaves and how strict is it?Equitex Capital is licensed by Seychelles FSA (regulatory tier red‑flag compared to FCA/ASIC), meaning oversight is limited. Traders should not assume strong consumer protections.

Does Bullwaves segregate client funds?Bullwaves affirms client funds are kept in segregated accounts as per FSA's client‑money rules.

Is negative balance protection available?Yes. Bullwaves offers negative balance protection to prevent traders from owing beyond account equity.

Is there any regulatory enforcement history or sanctions?No public enforcement actions or sanctions are reported. Equitexs short track record and limited public transparency mean absence of history is not confirmation of compliance integrity.

Regulatory Framework

Equitex Capital manages the Bullwaves brand under license SD185. Offshore regulation means lower investor protection standards. Traders must rely on Bullwaves internal compliance, not external enforcement.