8.5
Bull Waves Prime launched in 2024 as the prop trading arm of Bullwaves, a regulated broker based in the Seychelles. The firm is led by CEO Filippo De Rosa and backed by Equitex Capital Limited (license no. SD185).
It runs 1-Step and 2-Step challenges that give traders a chance to trade with company capital under fair, rule-based conditions. The accounts use real market liquidity through the broker’s MT5 servers, meaning trades mirror live market prices without fake fills or demo-style conditions.
What makes Bull Waves Prime different is its regulated setup, athlete partnerships, and clear funding rules. There’s no time limit to pass the challenge, and profit splits can reach 100% with the add-on. For traders tired of “gray area” prop firms, this one aims to offer a cleaner, more legitimate experience.
| Feature | Details |
| Founded | 2024 |
| CEO | Filippo De Rosa |
| Broker Partner | Bullwaves / Equitex Capital Limited (Seychelles, License No. SD185) |
| Evaluation Types | 1-Step and 2-Step Challenges |
| Profit Targets | 10% (1-Step), 8% + 5% (2-Step) |
| Drawdown Limits | 4–5% daily, 8–10% total |
| Leverage | 1:50 |
| Profit Split | 80% base, 100% with add-on |
| Trading Platform | MetaTrader 5 (MT5) |
| Payout Schedule | Every 15 calendar days |
| Minimum Payout | $50 |
| Scaling Potential | Up to $2,000,000 |
Bull Waves Prime launched in 2024 as the prop trading arm of Bullwaves, a regulated broker based in the Seychelles. The firm is led by CEO Filippo De Rosa and backed by Equitex Capital Limited (license no. SD185).
It runs 1-Step and 2-Step challenges that give traders a chance to trade with company capital under fair, rule-based conditions. The accounts use real market liquidity through the broker’s MT5 servers, meaning trades mirror live market prices without fake fills or demo-style conditions.
What makes Bull Waves Prime different is its regulated setup, athlete partnerships, and clear funding rules. There’s no time limit to pass the challenge, and profit splits can reach 100% with the add-on. For traders tired of “gray area” prop firms, this one aims to offer a cleaner, more legitimate experience.
| Feature | Details |
| Founded | 2024 |
| CEO | Filippo De Rosa |
| Broker Partner | Bullwaves / Equitex Capital Limited (Seychelles, License No. SD185) |
| Evaluation Types | 1-Step and 2-Step Challenges |
| Profit Targets | 10% (1-Step), 8% + 5% (2-Step) |
| Drawdown Limits | 4–5% daily, 8–10% total |
| Leverage | 1:50 |
| Profit Split | 80% base, 100% with add-on |
| Trading Platform | MetaTrader 5 (MT5) |
| Payout Schedule | Every 15 calendar days |
| Minimum Payout | $50 |
| Scaling Potential | Up to $2,000,000 |
✅ Best for:
❌ Not ideal for:
Bull Waves Prime mixes the structure of a prop firm with the credibility of a regulated broker. It’s not for everyone, but for traders who care about transparency and real liquidity, it feels like a step in the right direction.
Bull Waves Prime runs as the prop trading branch of Bullwaves, a regulated broker based in the Seychelles under Equitex Capital Limited (license SD185). The company is managed by Moonance LLC, registered in Saint Vincent and the Grenadines (no. 2141 LLC 2022).
Accounts are traded on MetaTrader 5, with access to real market liquidity through Bullwaves’ live price feeds. This means your trades move with real market data. The funding process is built on clear compliance standards and a proper KYC process before traders reach the funded stage.
Bull Waves Prime focuses on giving traders a safe, rule-based environment. It combines prop firm adaptability with broker-level structure, making it more transparent than most unregulated setups.
Bull Waves Prime offers two main challenges: the 1-Step Challenge and the 2-Step Challenge. Both include fair drawdown limits, unlimited trading time, and one-time fees with optional add-ons.
| Account Size | Profit Target | Daily Drawdown | Max Drawdown |
| $5,000 | 10% | 4% | 8% |
| $10,000 | 10% | 4% | 8% |
| $25,000 | 10% | 4% | 8% |
| $50,000 | 10% | 4% | 8% |
| $100,000 | 10% | 4% | 8% |
| $200,000 | 10% | 4% | 8% |
| $400,000 | 10% | 4% | 8% |
Add-ons:
This challenge is simple to understand. You hit a 10% profit target while staying within drawdown limits. Once you pass, you move to a funded account with bi-weekly payouts and the same trading conditions.
| Account Size | Profit Target (Step 1 / Step 2) | Daily Drawdown | Max Drawdown |
| $5,000 | 8% / 5% | 5% | 10% |
| $10,000 | 8% / 5% | 5% | 10% |
| $25,000 | 8% / 5% | 5% | 10% |
| $50,000 | 8% / 5% | 5% | 10% |
| $100,000 | 8% / 5% | 5% | 10% |
| $200,000 | 8% / 5% | 5% | 10% |
Add-ons:
It has more flexibility for smaller risk and is also a more affordable option.
Bull Waves Prime keeps its rules simple but strict enough to promote discipline. Traders need to respect drawdown limits, trading days, and activity requirements to qualify for payouts.
Bull Waves Prime bans the following to maintain fair market conditions:
Bull Waves Prime has a simple payout system that runs every 15 calendar days. Once you complete 10 active trading days, you can request your first withdrawal.
Payments are processed within 2 to 5 business days, depending on the method you choose. The minimum payout is $50, and the maximum payout per cycle is based on 6% profit from your starting balance. Once that payout is completed, the next cycle begins.
You can withdraw through USDT (ERC-20) with no fees, or by bank wire, which has a flat $30 fee. All trades must be closed before requesting a payout, and the account enters a view-only mode while payments are processed.
Bull Waves Prime also uses two rules to keep payouts fair and consistent:
These rules make sure payouts go to traders showing consistent performance rather than one-time high-risk wins.
All trading at Bull Waves Prime is done on MetaTrader 5 (MT5). The platform connects directly to Bullwaves’ regulated broker servers, giving access to real market liquidity and live price feeds.
MT5 is known for its fast execution, deep charting tools, and spreads as low as 0.01 pips. It’s available on desktop, web, and mobile, which makes it easy for traders to manage their accounts anywhere.
Automated systems and bots (EAs) are not allowed on funded accounts, but they can be used during the challenge phase.
Account setup and KYC are handled through a secure dashboard, and most traders get verified in less than a day. The dashboard also shows account stats, drawdown levels, and trading days in real time.
Bull Waves Prime does not offer traditional education courses or paid mentorship programs. Instead, the focus is on community and support.
The firm runs an active support system that responds within about 50 seconds on average. Traders can reach out 24/7 through live chat or email for help with accounts, rules, or payouts.
Bull Waves Prime also sponsors professional combat athletes from the UFC and Karate Combat scenes. These partnerships are used for branding and community inspiration rather than trading education. The athletes, like Slava Borshchev and Shahrukh Kholmurodov, represent the firm’s focus on discipline, resilience, and performance.
Bull Waves Prime is operated by Moonance LLC, a registered company in Saint Vincent and the Grenadines (Reg. No. 2141 LLC 2022).
It is powered by Bullwaves, a regulated broker under Equitex Capital Limited, licensed in the Seychelles (License No. SD185).
All accounts use real market liquidity from Bullwaves’ MT5 servers, which gives traders access to true price feeds. Every trader must complete a KYC verification process before receiving a funded account.
The structure is transparent and compliance-based, designed to reflect real trading conditions rather than internal simulation. This setup makes Bull Waves Prime one of the more trustworthy prop firms currently available.
Bull Waves Prime is backed by a regulated broker in the Seychelles, uses real market liquidity on MT5, and supports profit splits up to 100 percent with the add-on. Traders get clear rules, no deadlines, and a payout cycle that runs every two weeks.
This firm is a good match for serious traders who want a clean and transparent evaluation. The setup feels more like trading with a real broker than a typical prop firm, which can help traders build healthy habits and stick to proper risk management. Bull Waves Prime is not perfect, but it offers a fair, stable, and more trustworthy model than many unregulated options on the market.
If you want to save money on your challenge, Bull Waves Prime has an active discount code for new traders.
Discount Code: FT10
Discount Amount: 10 percent off
Works On: All 1-Step and 2-Step challenges
How to use: Enter FT10 at checkout to get the discount before you pay.
This code is live and gives you an easy way to cut the cost of your challenge while getting the same trading conditions and profit split options.
Bull Waves Prime works with a regulated broker in the Seychelles, which gives traders real market liquidity and stronger trust. It also offers up to 100 percent profit split, no time limits, and a MT5 setup.
Payouts happen every 15 calendar days once you complete 10 active trading days. Payments take about 2 to 5 business days and can be sent by USDT ERC-20 or bank wire. The minimum payout is 50 dollars.
EAs and automated bots are allowed during the challenge, but they are not allowed on funded accounts. Funded trading must be manual.
Yes. Traders can hold positions over the weekend. Crypto trades can also stay open. Some add-ons let you trade on weekends as well.
If your funded account has no trades for 30 days, the account becomes inactive. This applies even if you log in without placing trades.
Drawdown limits depend on the challenge:
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