Vlasiator is a new hybrid-Vlasov plasma simulation code aimed at simulating the entire magnetosphere of the Earth. The code treats ions (protons) kinetically through Vlasovs equation in the six-dimensional phase space while electrons are a massless charge-neutralizing fluid [M. Palmroth et al., Journal of Atmospheric and Solar-Terrestrial Physics 99, 41 (2013); A. Sandroos et al., Parallel Computing 39, 306 (2013)]. For first global simulations of the magnetosphere, it is critical to verify and validate the model by established methods. Here, as part of the verification of Vlasiator, we characterize the low-$beta$ plasma wave modes described by this model and compare with the solution computed by the Waves in Homogeneous, Anisotropic Multicomponent Plasmas (WHAMP) code [K. Ronnmark, Kiruna Geophysical Institute Reports 179 (1982)], using dispersion curves and surfaces produced with both programs. The match between the two fundamentally different approaches is excellent in the low-frequency, long wavelength range which is of interest in global magnetospheric simulations. The left-hand and right-hand polarized wave modes as well as the Bernstein modes in the Vlasiator simulations agree well with the WHAMP solutions. Vlasiator allows a direct investigation of the importance of the Hall term by including it in or excluding it from Ohms law in simulations. This is illustrated showing examples of waves obtained using the ideal Ohms law and Ohms law including the Hall term. Our analysis emphasizes the role of the Hall term in Ohms law in obtaining wave modes departing from ideal magnetohydrodynamics in the hybrid-Vlasov model.