Table of contents:
- 1 What is Wave to Markets?
- 2 The Copytrader from Wave to Markets in detail
Wave to Markets user-ratings:
Asset varierity - 9/10
Trading platform - 8/10
Support - 9/10
Fees - 10/10
Deposit/Withdrawal - 10/10
Facts about the brokers:
- Type: Forex and CFD Broker
- Regulation: MOFAI (Dominica)
- Minimum Deposit: $50
- Demo account: Free
- Markets: Forex, Indices, Commodities
- Raw ECN Spreads
- Low commissions
- Fast executions
- Leverage up to 1:300
What is Wave to Markets?
Behind the brand “Wave to Markets” is the company “Wave to Markets LLC”, which has its headquarters in Saint Vincent and the Grenadines and can be found under the registration number 267 at the local trade office. By its own account, Wave to Markets is an ECN/STP broker.
The online broker pays special attention to its automated trading software, which is implemented by the broker’s internal copy-trading system.
In order for every client to find the perfect automatic trading strategy for him, a database with numerous trading strategies is available.
According to the broker’s own statements, the company wants to expand its product range as quickly as possible and offer customers access to demonstrably profitable trading strategies.
So much for the company profile of the broker, in the further course of this article we will now go into his services.
Is Wave to Markets regulated?
Before we take a closer look at the offers of the online broker, we should take a look at its regulation. The responsible regulatory authorities play a particularly important role here. Wave to Markets is regulated by Migom Bank Ltd in accordance with the currency laws of the Financial Services Unit of the Ministry of Finance of the Commonwealth of Dominica, license number: 08082019.
The Broker, as an “offshore broker”, is not subject to the Markets in Financial Instruments Directive (MiFID II) which is responsible for the regulation of investment services in the entire European Economic Area.
Customer funds deposited with the Broker are, according to the Broker’s own information, kept in segregated accounts and would be protected in the event of insolvency. Wave to Markets is not a member of an investor compensation fund, so client deposits are not additionally protected.
In general, offshore brokers should be cautious about the regulation and protection of client funds.
Account models with Wave to Markets
Now let’s have a look at the different account models that the broker offers on his website. It is interesting that there are only three different account types. Besides the normal account, there is the same account again as Islamic account, as well as the investor account. All three account types have the following services to offer:
- Online Chat on the website
- STP/ECN market access
- Demo account to practice
- Segregated bank account
- Lever up to 1:300
- Stop Out Level at 50% Margin
- Raw spreads from 0.0 pips
The only thing that should be highlighted is the Islamic account, which, unlike the normal account, does not pay any swap fees.
Deposits and withdrawals at Wave to Markets
In order to fund the live account at Wave to Markets, the company offers its customers several deposit options:
- Bank Wire Transfer
- VISA, MasterCard, AMEX
- Cryptocurrencies like Bitcoin, Etherum, or Tether
The minimum capitalization of the trading account is only 50 USD. However, it is recommended to deposit at least 500 USD.
Tradable financial instruments at Wave to Markets
For traders, it is essential that their broker provides a good selection of tradable instruments. Accordingly, we have taken a closer look at the offer. The Online Broker offers its customers the following financial instruments to choose from:
According to the broker’s statement, the company is working on rapidly expanding its product range. Up-to-date the on-line broker offers over 250 different products for trading. The maximum leverage can be up to 1:300.
As mentioned before, Wave to Markets offers raw spreads from the markets. The broker is charging a commission per trade.
- Forex commissions from 7€ per 1 Lot Trade
- Indices commissions from 2€ per 1 Lot Trade
- Commodities commissions from 7€ per 1 Lot Trade
Overall, the trading fees are cheap with this broker. The spreads are very low and most of the time 0.0 pips or 0.1 pips in the major forex pairs.
Copytrading with Wave to Markets
Wave to Markets has an internal broker copy trading platform in its back office for private investors. There are currently 20 different trading strategies stored, which can be viewed in detail.
Each strategy has its own “dashboard” in which all relevant performance and risk figures are listed. The strategies also include a myfxbook link and a telegram channel link, which makes a very serious impression. This clearly sets the broker apart from the competition.
The Copytrader from Wave to Markets in detail
With the Copytrader it acts around its own platform of the broker, i.e. it does not fall back to external offerers.
It enables investors and traders of the online broker to follow the signals of the master account completely automatically, without having to do anything actively themselves, one could call it “trading on autopilot”.
The evaluation of the offered strategies is done via the dasboard of the respective strategy, there is also a telegram link for current news about the strategy, as well as a myfxbook link to verify the authenticity of the strategy. Customers of Wave to Markets can then conveniently choose one of the offered strategies in their dashboard and have it mirrored in their own account.
The Wave to Markets investment platform offers the following features:
- Live chart of the trading strategy
- Detailed trading history
- Extended information on how many investors and how much money is invested in the strategy
- Detailed and transparent overview of fees
- Detailed Strategy Information
- Telegram Channel for Updates
- MyFxBook link
- Risk factor for every strategy
On the investment platform it is also possible for experienced traders to become providers of a trading strategy themselves and to make it available to other investors and traders. For this purpose, a corresponding application with all necessary information must be submitted. This makes a good overall impression.
The results of the copy trading on your own trading account can be tracked at any time in the customer dashboard under the tab “My Investments”.
These trading platforms are offered at Wave to Markets
In order to provide its customers with permanent access to the markets, the Broker relies on a more classical offer of MetaTrader 4 and the corresponding MT4 App. Further trading platforms are currently not offered.
At Wave to Markets, clients and traders can trade using the world-renowned and proven MetaTrader 4 software. MetaTrader 4 was developed by Metaquotes and is considered one of the most popular Forex and CFD trading platforms worldwide. In addition to an intuitive and clear trading interface, MetaTrader 4 offers a variety of analysis tools and indicators.
In MetaTrader 4, called MT4, you can use the following order types:
- Market order
- Stop Buy / Stop Sell Order
- Buy Limit / Sell Limit Order
- Trailing Stops
- Stop Loss
- Take Profit
MetaTrader 4 can be downloaded as a desktop version for both Windows and Mac. Furthermore, the Broker offers the MT4 App for Android and IOS. The Online Broker currently does not have a MT4 web. There are also no further connections like TradingView or C-Trader.
To log in to the MetaTrader 4 app you need to download the MT4 app from the App Store or Playstore and log in with your trading account data from Wave to Markets.
MetaTrader 4 App
The Meta Trader 4 App offers the following features:
- 24/5 access to the markets
- Location-independent trade (data volume required)
- Trading History
- Different possibilities of charting
- Different time units: From one minute to one month
- The most common and popular technical indicators
- Broker Newsfeed
Training and further education at Wave to Markets
Wave to Markets offers its customers extensive training content on the company’s website through its own B&G Invest Academy. In contrast to other brokers, this training is subject to a fee, but we at Trading Lexikon do not consider this to be a fundamental problem, the quality of the training material offered is much more important. In addition, the online broker sends his clients a daily newsletter with the latest market events. But let’s take a look at the whole thing in detail:
The in-house B&G Invest Academy
The B&G Invest Academy is operated by Mr. Guillaume, himself a trader and for more than 10 years. Guillaume is the founder of the broker Wave To Markets. In the Academy he will tell you his most advanced techniques and teach you how to trade correctly. B&G Invest sees itself as a community of serious investors, where you learn how to become profitable in the financial and investment world, even beyond Forex and CFD trading.
The training is based on 4 pillars:
1. The training itself:
The training is distributed in the form of subscriptions, which give you access to various training modules.
2. The network of B&G Invest:
For more than 3 years we have maintained a community of investors and traders from all walks of life. The members’ chat is the ideal place to discuss the daily trading events or to meet your partners of tomorrow.
3. The Telegram Support Channel:
Access to exclusive content within the following telegram groups: Training, Scalping Workshop, Pivot Points, B&G Invest Chat.
4. Webinar Conferences:
Participate in web conferences on Zoom, live every Sunday with unlimited playback in your personal space. During these conferences you will be trained in technical analysis and psychology. The content of the lectures, which are held every week, is adapted based on the actual performance of the participants at the Academy. The trades made on Wave To Markets are analyzed by the B&G Invest team and discussed during the conferences.
During these sessions, B&G Invest’s professional traders are available to help you overcome conflicts and help you become a profitable trader. You can contact your coaches freely in chat or in private.
Furthermore, the online broker offers his clients the daily newsletter by email, which is currently still in French. Here a translation into the most common languages is planned for the near future.
In the newsletter, selected markets are analyzed in a very compact way, mainly using news and technical analysis. The newsletter is sent as a handy PDF file that can be opened from a computer or smartphone.
In terms of education and training, the online broker takes a rather unusual approach with its paid service, but this does not necessarily have to be a nightmare for the customer. Rather one must ask oneself as a customer here whether personal support is important to one and one is ready to pay the extra charge for it. All in all a quite solid offer.
Conclusion of the Wave to Markets Review:
Since the broker is a newcomer, there are not many reports on the Internet to find. Also in the trader scene, it is rather quiet around the broker. That is to be evaluated neither positively nor negatively, it is rather because of the age of the broker.
Especially broker comparison platforms draw a worse picture of Wave to Markets, this is especially due to the company headquarters on Saint Vincent and the Grenadines, which we also evaluate as rather negative. Nevertheless, traders who do not want to follow the ESMA leverage restrictions will have to look for an offshore broker. One should also not lose sight of the fact that ALL broker comparison platforms follow a commercial reason: Sending clients to their advertising partners, who then pay the platforms money for it.
The customer support is ok. Emails are answered in time and all questions are answered. Support is available either via live chat or via email using the contact form on the site.
Our tip: Never trade with high fees again on IQ Option
- Regulated and safe broker
- Start trading with only $ 10
- $ 10,000 free practice account
- High yield up to 100% per trade
- Spreads from 0.0 pips (no commission)
- Forex, CFD, Options, Stocks, Crypto, and more
- Free deposits and withdrawals
- Rating: (5 / 5)
(Risk warning: 85% of retail investors lose money when trading CFDs with this provider)