What is Green Wave X Limited?
Green Wave X Limited is a forex and CFD broker based in Marshall Islands, listed with a foundation year of 2021. It offers leverage up to 1:2, spreads from 0.1 pips and a minimum deposit of $200. Clients trade on MetaTrader4 for Android, iOS, Windows, webtrader and on mobile.
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Is Green Wave X Limited safe and regulated?
Green Wave X Limited is regulated by GWX is the trading name of GreenWaveX Limited, a company registered in the Republic of the Marshall Islands, registration number 113035. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
Green Wave X Limited account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $200 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
Green Wave X Limited provides MetaTrader4 for Android, iOS, Windows, webtrader, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.1 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:2 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
Green Wave X Limited supports 4 funding methods, including Visa, MasterCard, Bank Transfers, WireTransfer. Accounts can be held in 3 base currencies (USD, EUR, GBP), which helps you avoid conversion fees.
Green Wave X Limited bonus: <p>This broker is not providing any welcome bonus</p>
How the promotion works
The current Green Wave X Limited promotion is <p>This broker is not providing any welcome bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the Green Wave X Limited website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
Green Wave X Limited pros and cons
Pros
- Raw spreads from 0.1 pips
- Scalping and hedging allowed
- News trading allowed
- VIP, Mini and managed accounts
Cons
- Only offshore regulation
- No investor compensation scheme
- $200 minimum deposit is higher than some rivals
- No Islamic account listed
How to open a Green Wave X Limited account
- RegisterVisit the Green Wave X Limited website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $200 with Visa, MasterCard, Bank Transfers or another method.
- Start tradingLog in to MetaTrader4 for Android, iOS, Windows, webtrader or the mobile app and set your risk per trade.
Is Green Wave X Limited a good broker? Our verdict
Green Wave X Limited suits active traders who want raw spreads, freedom to scalp or trade the news. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.