Reported as a scam / unregulated
Why Svendborg Wave is on the register
Svendborg Wave is not a reliable broker for traders even though it states offers that look good to be true. Svendborg Wave claims it is licensed and regulated in Denmark. As forex traders, you should know the Danish FSA, also known as the Finanstilsynet, is the regulatory agency for the supervision and licensing of financial entities in Denmark. However, we did not find any match results to Svendborg Wave in the Danish FSA. The regulatory information this broker claim is a false statement for unsuspecting traders. The truth is that Svendborg Wave is not overseen by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you to the right next step. A free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.