Is Bullwaves regulated in the UAE?
No UAE licence appears in the sources we checked. The account provider is Equitex Capital Limited, which publishes this regulator reference: Seychelles FSA · broker disclosure, SD185.
- 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.
Bullwaves accounts, platforms and fees
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
- MT5
- Minimum deposit
- US$100 (broker disclosure)
- Max advertised leverage
- 1:500
- Advertised spread from
- 1.6 pips
- Swap-free account
- Swap-free option published; a daily administration fee applies after an instrument-specific grace period
| Account | Minimum deposit | Spread from | Stop out |
|---|---|---|---|
| Classic | US$100 | 1.6 pips | 50% |
| VIP | US$3,000 | 0.8 pips | 50% |
| ECN | US$5,000 | 0.1 pips | 25% |
How the Bullwaves account tiers compare
Bullwaves publishes three live account tiers. All three advertise leverage up to 1:500, a minimum deal size of 0.01 lots and access to every listed asset class.
These are the broker’s advertised starting values, not our measurements. The step between tiers is large: the Classic spread is twice the VIP figure, and the tighter pricing needs a deposit thirty times higher. Enter the spread for the account you would actually open into the trading cost calculator before comparing it with another broker.
Bullwaves trading platform: MetaTrader 5 and copy trading
Bullwaves offers MetaTrader 5 only: in the browser, as a desktop application and as Android and iOS apps. It adds its own plug-in set, “MT5 NexGeneration”, and an AI market-insights tool. We did not find MT4 or cTrader among the listed platforms.
The site also runs a copy-trading service in which you allocate an amount to a signal provider and positions are copied proportionally. Copying another trader does not reduce leverage risk, and a provider’s past performance is not a forecast.
One consistency note: the platform page advertises “250+” assets, the Islamic account page “300+”, and another section “over 500 products”. Check the live symbol list in a demo account rather than rely on any of these counts.
Bullwaves Islamic (swap-free) account
Bullwaves publishes a swap-free account option. Its page states that no swap or rollover interest is applied to eligible instruments, that activation is typically processed within one business day, and that many instruments have three to six charge-free nights before a daily administration fee applies. The fee table is instrument-specific; for example, it lists a five-day grace period for AUD/CAD.
A swap-free label describes a fee term, not a religious ruling. Work through our Islamic account checklist before relying on it.
Can UAE residents open a Bullwaves account?
Bullwaves’ regional-restrictions notice does not list the United Arab Emirates among its excluded countries. The account is provided by Equitex Capital Limited under Seychelles FSA licence SD185, and the site names a Cyprus company, ETX Services Limited, as independent representative and distributor.
No UAE licence appears in these disclosures, so UAE regulator protections and complaint routes do not apply to the account. Read how to check a broker’s UAE regulation before funding.
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 you open a Bullwaves 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
- Bullwaves: MetaTrader 5 platforms ↗Broker disclosure · 20 September 2026
- Bullwaves: Islamic (swap-free) account terms ↗Broker disclosure · 20 September 2026
- Bullwaves: copy trading ↗Broker disclosure · 20 September 2026