LEGAL · RISK DISCLOSURE

Risk disclosure

Please read this before you trade. It applies to everything on Wave: AI analysis, copy trading and MT5 execution.

Trading forex and CFDs carries a high risk of loss

RISK WARNING

Forex and CFDs are complex, leveraged products. Leverage magnifies losses as well as gains, prices can move against you quickly, and a large share of retail traders lose money. Depending on your broker and account type, you can lose more than you deposit.

Only trade with money you can afford to lose, make sure you understand how these products work, and consider independent advice if you are unsure.

Past performance is not indicative of future results

Track records, win rates, leaderboards, copy-trading statistics, back-tests and examples on this site describe the past. They do not guarantee, and are not a reliable indicator of, future results.

AI analysis is not financial advice

Wave's AI produces general market analysis: plans with an entry, stop loss, targets and a confidence score. It does not know your finances, goals or attitude to risk, it can be wrong, and markets can change faster than any model. Nothing on Wave is a recommendation to buy or sell, or investment, financial, legal or tax advice. Every trading decision, and its outcome, is yours.

Copy trading copies losses too

When you copy a trader, their losing trades are copied as well as their winning ones. Your results can differ from theirs because of account size, lot scaling, timing, spreads and slippage. Choose your risk settings with care and review them regularly.

Execution risk

Orders are sent to your broker over the internet and filled by your broker. Prices can gap, spreads can widen, and orders can be filled at a different price, delayed or rejected. Stop losses are not guaranteed unless your broker says so. Connections, MT5 servers and brokers can have outages.

Wave never holds client funds

Wave is a technology platform, not a broker, bank or money manager. Your trading capital stays in the account you hold with your own broker: you deposit and withdraw with them, never with Wave. Trades go only to the broker account you connect, and only on your instruction, either an order you confirm or copy-trading settings you switch on. You can disconnect your account at any time.

Gas and credits bought or earned on Wave pay for Wave's own services; they are not trading funds and are not held on your behalf for trading.

Your responsibility

Check that trading forex and CFDs, and using Wave and your broker, are allowed where you live. You are responsible for your trading decisions, your account settings and your broker relationship.

Questions about risk or how Wave works? Contact us or read the Terms of Service.