Finwave boasts a headquarters in Philadelphia, USA. However, for some reason, there is not a single mention of American licenses on their official website, even though such a broker is required to obtain regulatory approval. Something is not right here. In today’s review, we will take a closer look at a platform that hides behind an American address and lofty words and promises in order to lure naïve traders into its scam.
Brief Overview
- 🖥Official Website: finwave.group
- ✈️Contact Address: ONE Liberty Place, 1650 Market Street, Suite 650, Philadelphia, PA 19103, USA
- 📞Customer Support: support@finwave.vip
- 🔐Licensing and Accreditation: –
- ⏳Track Record: 2024
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $250
- 💰Additional Services: consultation, insurance, financial advisor, signals, investment portfolio
Finwave.group Examination
The appearance of a broker’s official website can reveal a great deal about the company itself, whether it is serious and professional, or a low-quality resource hastily assembled for a scam. The design of Finwave’s official website, in particular, gives the impression that we are dealing with an unserious organization that has made no effort to ensure quality or aesthetics.
The dark theme, bright green buttons, and photographs of glass skyscrapers are intended to create an illusion of credibility. However, this is a standard template used by dozens of fake platforms. There is not a single unique image — everything is taken from free stock libraries. Even the “financial analyst” pictured on the site is a stock photo commonly found on various scams.
On the homepage, Finwave boldly claims to be the “No.1 CFD provider”, offering “access to all market opportunities” and “fast order execution”. Beyond that, there is not a single concrete fact. What is the platform? Where is the license? Who is the owner? Not a word. The site is filled with standard, clichéd phrases such as:
- Take advantage of market opportunities anytime, anywhere.
- Democratizing the world of forex trading.
- Uncompromising trading conditions.
- Advanced trading platform for all experience levels.
Another important point: the website is effectively a single page. All sections (“Platform,” “Prices,” “About Us,” and “Contacts”) simply lead to anchors within the same page. This is a clear red flag — only fast-fake platforms use this approach, prioritizing rapid deployment over long-term trust.
The website is available in four languages: English, Russian, French, and Spanish. Finwave claims to be headquartered in the United States, yet it fails to provide even the most basic information that any legitimate American broker is obliged to disclose:
- SEC, NFA, or CFTC registration number.
- Legal entity name and date of incorporation.
Company Contacts
The firm offers several channels for contacting its managers: email, a feedback form, and an online chat. No phone numbers are listed, which is rather strange for a supposedly American company. Social media accounts and messaging apps are also absent.
However, the main red flag lies in the email address. Finwave has listed a fake email on its website. The address, quite literally, does not exist, making it completely useless for any form of communication.
Key Conditions
When it comes to trading conditions, there are plenty of red flags here as well. The account types at Finwave are structured in such a way that each subsequent tier requires a larger deposit. Yes, it offers better conditions, but you have to pay significantly more for them. Here are the enormous sums demanded by the broker:
- $250 — Mini;
- $5,000 — Standard;
- $10,000 — Silver;
- $15,000 — Gold;
- $25,000 — Platinum;
- $75,000 — VIP;
- And finally, $100,000 is ECN.
This is the very essence of the entire scheme: you are promised access to “analytics”, “signals”, “trade insurance”, and a “personal manager”, but only if you hand over tens of thousands of dollars. Until then, you are left with restricted functionality and a “trial week of analytics”.
Finwave does not allow for a proper evaluation of its trading conditions. Where are the commissions? Where are the spreads, swaps, leverage, and order execution details? They are completely absent. Not a single figure was given. Not in any section of the website. Just grandiose phrases such as “real-time signals”, “AI integration”, and other fluff.
For comparison, have a look at any legitimate broker’s website. Interactive Brokers clearly outlines: commission per share from $0.0005, margin requirements, interest on balance, account maintenance fees, and so on. Pepperstone provides detailed tables for each instrument: spreads, swaps, platform, and execution speed. Everything is transparent. The broker hides absolutely everything while demanding enormous deposits.
Exposing Finwave
Their official website prominently displays a legal address in Philadelphia. Sounds impressive. The company claims to operate within the United States. This automatically imposes strict legal obligations:
- A broker must be registered with the NFA (National Futures Association).
- It must be licensed by the CFTC (Commodity Futures Trading Commission).
- All information regarding registration, regulatory oversight, risk disclosure, and financial reports must be published openly on the website.
Now, here’s the catch: Finwave is not listed on the NFA register. Not at all. The same goes for the CFTC database. Not a single mention. This means the subject of our review is illegally offering brokerage services to both American and international clients while hiding behind fake credentials.
The company also does not provide a specific date of establishment. How long has the platform been operating? This can be inferred from the registration date of their domain, finwave.group, which was registered in April 2024, just one year ago. That is a very short operational history. All well-known and reputable forex brokers have built their reputations over years, whereas this platform is essentially brand new.
What Reviews Do Users Leave?
There are hardly any genuine reviews of Finwave on the internet — that too, is a negative sign. The few comments that do exist appear to be copied and pasted: phrases like “trader’s utopia” and “capitalising on success” are clearly not written by real people, but by a copywriter or the broker’s own team. Each author has only one review; the dates are recent, and the writing style is identical — a typical indication of fake testimonials or similar fraudulent platforms. If the broker were legitimate and safe, complaints about withdrawal delays, slippage, or poor customer support would have surfaced long ago. A “perfect” company with no criticism? That simply does not happen.
Conclusions
Finwave is an unlicensed broker with no legitimate office, a fabricated history, and falsified information. Legally, they are a non-entity. Their operations violate both American and international financial regulations. Therefore, we strongly advise against even considering opening an account with them.
Pros/Cons
- The site is translated into 4 languages.
- The broker provided a fake address in the USA and a non-existent email.
- Short period of operation, as the site was launched in 2024.
- Illegal activity — there are no licenses from regulators.
- Hidden trading conditions and inadequate minimum deposit requirements.
- Very few reviews on the Internet. Positive comments are fake.
Do not believe the positive reviews – they are fake!! I almost fell for this scam myself, but I stopped in time. I decided not to fund the account, and it was the right decision, because this is a typical scam hiding behind a U.S. legal address. I recommend always verifying addresses, licenses, and domain information to avoid falling victim to such blatant fraud. I hope no one ends up giving their money to these anonymous con artists!