Golden Wave claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditation and licenses in a prominent position. It is a red flag.

Downloading its trading platform, we found that Golden Wave is a Belize-based firm, and then searched the Belize Financial Services Commission (Belize FSC). But there is no matching result. That means this broker is not authorized to provide financial services in Belize.

Not regulated by any regulators, letting this broker to hold or control customers' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

BrokersView found that the domain "https://www.goldenwavefx.com/" is currently inaccessible. This is widely regarded as a significant red flag, as the suspension of a broker's website often points to underlying regulatory or operational issues.