Legal

Risk Disclaimer

Last updated: May 19, 2026

Over-the-counter derivatives are complex instruments and come with a high risk of losing your initial capital rapidly due to leverage. You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors.

When acquiring derivative products you have no entitlement, right or obligation to the underlying financial asset. Equitex is not a financial advisor and all services are provided on an execution-only basis. Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances. Important legal documents in relation to Bullwaves products and services are available on the Bullwaves legal documents page. You should read and understand these documents before applying for any Bullwaves products or services and obtain independent professional advice as necessary.

Regional restrictions

The information or services described on this website is not directed at or offered to residents of Belgium, Iran, Maldives, North Korea, United States, Afghanistan, Belarus, Central African Republic, China, Russia, Cuba, Libya, Nicaragua, Palestinian Authority / Gaza / West Bank, Venezuela and to jurisdictions on the FATF and EU/UN sanctions lists, or any other person in any jurisdiction where such distribution or use would be contrary to local laws or regulations.

Risk warning

CFDs are complex instruments and carry a high level of risk to your capital. 75.2% of retail investor accounts lose money when trading CFDs with this provider.

Regulatory information

Bullwaves is a trading name of Equitex Capital Limited (Registration No. 8434948-1), a company authorized and regulated by the Financial Services Authority of Seychelles (licence no. SD185). Registered address: CT House, office 9A, Providence, Mahe, Seychelles. ETX Services Limited (HE455407), Archiepiskopou Makariou III 160, 3026 Limassol, Cyprus, is appointed as Independent Representative and Distributor.