Money Wave
We checked Money Wave against the AskCheck register. It has been reported (2023) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Money Wave claims to be a licensed trading platform but fails to provide any specific information about its regulatory status. While it purports to be domiciled in Dubai, there are no indications that it is licensed and regulated by any relevant financial regulators, including the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA), and the Central Bank of the United Arab Emirates (CBUAE). In essence, Money Wave is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. Money Wave is unequivocally a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Money Wave.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.