Review summary
Primewave Fx Ltd., operating under the brand PrimeWaveFX, is a regional broker established in Saint Lucia with an operational history of 2 to 5 years. The broker offers three account types: ECN (minimum deposit of $10,000, spreads from 0 pips, and leverage up to 1:500), PRIME ($1,000 minimum, spreads from 1.8 pips), and STANDARD ($50 minimum, spreads from 2.5 pips). All accounts support Islamic accounts, scalping, and Expert Advisors, and the broker provides a genuine full license MT5 platform with an average execution speed of 167.5 milliseconds. According to WikiFX data, PrimeWaveFX holds no valid forex trading licenses from any authoritative regulatory body, and the broker's overall WikiFX score stands at 1.94 out of 5, reflecting a lack of regulatory oversight. Potential users should be aware that operating without a recognized financial regulator means there is no external recourse for dispute resolution or client fund protection. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-07-18)
