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Compare legal entities, evidence and account features. Choose any two researched profiles.

Comparison of published broker facts
What to compare

RaiseFX

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Bullwaves

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Legal entityRaise Global SA (Pty) LTDEquitex Capital Limited
Service scopeOverseas entityOverseas entity
Reported regulatorSouth Africa FSCA · broker disclosureSeychelles FSA · broker disclosure
Licence reference50506SD185
Licence evidenceBroker disclosureBroker disclosure
Published platformsUnconfirmedUnconfirmed
Published funding minimumUnconfirmedUS$100
AED base accountUnconfirmedUnconfirmed
Swap-free termsUnconfirmedUnconfirmed
Live-account testingNot performedNot performed

How to interpret the difference

RaiseFX

RaiseFX’s legal footer names Raise Global SA (Pty) LTD and South African FSCA number 50506. The site lists currency, index, commodity and cryptocurrency CFDs. We have not independently confirmed its current register status or a UAE permission.

The practical question for a UAE resident is the contract offered, its jurisdiction and whether the provider can serve that resident. Request those answers before evaluating promotions or leverage. Funding minimums, platform availability and swap-free terms remain unconfirmed in this profile.

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Bullwaves

The bullwaves.com legal disclosure names Equitex Capital Limited and Seychelles FSA licence SD185. This profile concerns that website and entity. It does not establish a UAE licence or extend another regulator’s protections to a UAE resident.

The site advertises a Classic account from US$100 and different starting spreads for Classic, VIP and ECN accounts. Those are advertised thresholds, not measured trading costs. Request a current fee schedule, contracting entity and written eligibility confirmation before using these figures for a decision.

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Permission scope is not a quality ranking. Confirm the contract entity, account terms and fees. This is a documentary comparison, with no live-test verdict.

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