Bullwaves Prime
Seychelleswww.prime.bullwaves.com
Bullwaves Prime is a broker-backed prop trading program offering 1-Step and 2-Step evaluations with no overall time limit. It stands out for its defined risk rules, relatively low entry pricing on 2-Step accounts, broad account sizes, and MT5-only trading environment, while its simulated funded accounts and restrictions on EAs and trade copiers after funding may not suit every trader.
Challenge Programs
2 Phase
| Account | Steps | Target | Daily loss | Max Loss | Split | Price | |
|---|---|---|---|---|---|---|---|
| $5,000 | 2 Steps | 8% / 5% | 5% | 10% (Trailing) | 80% | $50.15 | Buy |
| $10,000 | 2 Steps | 8% / 5% | 5% | 10% (Trailing) | 80% | $84.15 | Buy |
| $25,000 | 2 Steps | 8% / 5% | 5% | 10% (Trailing) | 80% | $169.15 | Buy |
| $50,000 | 2 Steps | 8% / 5% | 5% | 10% (Trailing) | 80% | $254.15 | Buy |
| $100,000 | 2 Steps | 8% / 5% | 5% | 10% (Trailing) | 80% | $466.65 | Buy |
| $200,000 | 2 Steps | 8% / 5% | 5% | 10% (Trailing) | 80% | $849.15 | Buy |
Payment Methods
- Credit and debit cards
- Cryptocurrency
- Bank wire for withdrawals
- USDT for withdrawals
Bank withdrawals carry a flat $30 fee; cryptocurrency withdrawals are free.
Pros & Cons
CREDITS10
- Broker-backed infrastructure
- 1-Step and 2-Step options
- No overall time limit
- Account sizes up to $400,000
- Scaling potential up to $2 million
- Low entry price on smaller 2-Step accounts
- MT5 trading environment
- Clear drawdown and consistency rules
- Optional 2-Step add-ons for additional flexibility
- Bank wire and USDT payout options
DEBITS6
- Funded accounts are simulated
- EAs and trade copiers are prohibited once funded
- U.S. and other jurisdictions are excluded
- Strict consistency and payout rules
- 1:50 leverage is lower than some competitors
- 2-Step weekend trading requires an optional add-on
Trading Rules
- No overall time limit on 1-Step and 2-Step evaluations
- 1-Step: 4% daily drawdown and 8% maximum trailing drawdown
- 2-Step: 5% daily drawdown and 10% maximum trailing drawdown
- Leverage up to 1:50
- Scaling potential up to $2 million
- Rules include consistency requirements before payouts
- Funded accounts are simulated using real-market quotes
Restricted strategies
News trading
- Restricted
News trading is permitted subject to specific timing restrictions. Opening or closing trades within 3 minutes before or after scheduled economic releases is prohibited. Holding trades through news is permitted within the applicable rules.
Window: 3 min before and after news
Payouts & Trading Costs
- Payout frequency
- Every 15 calendar days
- Processing time
- 2-5 business days
- Profit split
- Up to 80% — Up to 80% under the standard funded-account structure
- Payout routing
- Crypto, Wise, or Wire Transfer
- Minimum withdrawal
- $50
- Trading costs
- From 0.0 pips on selected instruments · Bullwaves Prime does not publish a specific commission-per-lot schedule or detailed spread table for its prop trading program. Trading costs depend on the instrument and the specifications shown in MT5.
Trust & Safety
Bullwaves Prime publishes detailed trading rules, payout conditions, legal disclosures and regional restrictions. The program is operated by Moonance LLC, while Equitex Capital Limited, the company behind the Bullwaves broker brand, is identified as the technology provider. The firm clearly states that evaluation and funded accounts are simulated trading environments using real-market quotes. Its detailed disclosures provide useful transparency, although traders should understand that broker backing does not make the prop program itself a regulated investment service.
- Legal entity
- Operated by Moonance LLC (Saint Vincent & the Grenadines, reg. no. 2141 LLC 2022). Equitex Capital Limited (Seychelles, licence SD185), trading as Bullwaves, is the technology provider.
- Regulated
- No
Bullwaves Prime, the prop trading program, is not itself a regulated investment service; evaluation and funded accounts are simulated. Its technology provider, Equitex Capital Limited, holds a Seychelles CFD broker licence (SD185) for its separate brokerage business.
Traders should review Bullwaves Prime's current terms, trading rules, regional eligibility and payout conditions on the official website before purchasing.
Trading carries risk. Evaluation programs like this one involve simulated accounts and non-refundable fees; review the firm’s current terms directly before purchasing. This page is informational and not financial advice.