The entity and its service scope
- Entity
- Equitex Capital Limited
- Reported regulator
- Seychelles FSA · broker disclosure
- Published reference
- SD185
- Evidence type
- Broker disclosure; not an independent register check
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.
Accounts, platforms and costs
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.
- Published platforms
- Unconfirmed for the specific account
- Published funding minimum
- US$100 (broker disclosure)
- AED base account
- Unconfirmed
- Swap-free terms
- Unconfirmed for the entity and account
Useful evidence
- Named contracting entity in the legal footer
- Published account tiers to investigate
What to check next
- No UAE licence established by the sources reviewed
- No live-account, withdrawal or execution testing completed
Before opening an account
Request the agreement, fee schedule and complaint procedure. Match the legal name and permissions to the current official register. Use the calculator to compare a specific trade, and keep advertised prices separate from measured results.
Sources and checks
- Bullwaves: account tiers and legal entity ↗Broker disclosure · 20 September 2026