The first wax that comes to mind is ordinary canning paraffin. I have used it with good results for making frp elbows by wrapping a handmade mandrel with wet cloth and compressing the laminate with Saran(r) wrap.
The second is, literally, a candle. I have cast frp parts in hand-hewn cavities, again with good results.
The third, and probably best choice, is the machinable wax that's sold to prove out CNC programs. It takes detail like thread nicely, and is available in a useful range of sizes and shapes, including blocks larger than the average candle or paraffin block.
Mike Halloran
Pembroke Pines, FL, USA