Vault Markets Regulation: Is It Safe or a High-Risk Broker?
Understand the reality of Vault Markets regulation. Learn about its licensing status, safety risks, and operational details for informed trading in 2026.
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Negative Reviews: CySEC Added GreenWaveX into Its Warnings
Abstract：GreenWaveX has got many negative reviews and investors who traded with this broker have raised many complaints against it.
Negative reviews and complaints
Some clients of the company shared their experiences. Ayesha T. from the US said GreenWaveX is a total scam. All his money 26000$ is stuck with GreenWaveX from February because he didn't agree with sending money for unreasonable fees.
Oscar Torres from CA said the broker does not have a withdrawal button. He submitted a withdrawal request by email as his account manager's instruction on June 15, 2022 but got no replies even on June 30, 2022.
A newly created website
Fraudulent forex entities create sites that are generally 1 to 2 years old and disappear to recreate another domain name. GreenWaveX's domain(https://greenwavex.com/) was first registered on 7 February 2022 and will expire on the same day in the next year. This is on purpose as after 6 to 12 months the company will then just move to a new website and continue to change its image for scamming. It's a common defrauding tactic used by fraudsters.
Regulation and licenses
Headquartered in the UK, but GreenWaveX is not regulated in the UK. Additionally, GreenWaveX claims to be regulated under double supervisions - Financial Services Commission in Mauritius(Mauritius FSC) under license number GB21026548 and the Marshall Islands Banking Commission (IRI) under registration number 113035.
At first, the IRI does not regulate forex activities. As for the Mauritius FSC regulation, we do find a result. However, there is no website to prove its reliability and the address is not the same as the one GreenWaveX offers in its website.
The CySEC issued a public warning against GreenWaveX
What's more, we find a warning from the Cyprus regulator- CySEC, stating that GreenWaveX provides illegal forex trading services.
Based on the above information, we can conclude that GreenWaveX is a scam.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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Further Reading
Saxo Review 2026: Withdrawal Issues, Account Blocks & Execution Complaints Exposed
Did the Saxo broker reject your withdrawal requests after allowing some initially? Did your account get blocked while attempting a withdrawal? Have you suffered a glitch in your trade orders by Saxo, including the stop-loss? There have been many such complaints regarding Saxo on several broker review platforms. Among the complaints, we have focused on the recent ones, with most being reported in 2026. This gives you an idea of the current state. Before that, we will have a slight glance at its product offerings. Let’s start investigating in this Saxo review article.
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Investigating BotBro - The Mastermind of Alleged INR 800 Crore Forex & Crypto Trading Scam
BotBro is a Dubai-based forex broker that has continued to grab headlines for years, with its name being involved in one scam after another. In the latest episode, its name was found in the alleged INR 800 crore forex and crypto trading scam in Goa. Top-level agencies, including the Enforcement Directorate (ED), are investigating the case. They have labeled the platform as a Ponzi scheme. The platform is disguised as an AI-powered forex trading app. In connection with this case, the Goa Police Economic Offences Cell (EOC) filed a First Information Report (FIR) against 10 individuals, including the company owner, Lavish Chaudhary Alias Nawab Ali, for fund misappropriation worth over INR 7.3 crore. Read on as we share the BotBro review in this article.
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DUHANI Deposit and Withdrawal Methods: A Complete 2026 Trader's Guide
Learning how a trading company handles deposits and withdrawals is one of the first things every trader should do. Before investing, you need to know exactly how you can add funds to your account and, most importantly, how you can withdraw the same. This guide takes a close look at the payment methods that DUHANI says it offers. But the payment methods themselves aren't the most important thing. The bigger question is: can you trust this broker? Keeping your deposits safe and making sure you can actually withdraw your funds are the most important things to think about. Before transferring funds to any broker, you must do your homework. Whether a broker is properly regulated and what real users say about it are the best ways to tell if it can be trusted. We strongly suggest that traders do their own research. A quick search for "DUHANI" on a checking website, such as WikiFX, can give you lots of information, including details about regulation, user reviews, and complaints from other pe
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