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FundedTrading
Prop Firm Review — Forex/CFD / Crypto / Stocks
Bullwaves Prime

Bullwaves Prime

Embrace a new era of prop trading.
8.4
Overall Score
Pricing8.5
Rules8.3
Platform8.3
Payouts8.4
Features8.4
Founded
Nov 2024
HQ
Seychelles
CEO
Filippo De Rosa
Asset Types
Forex/CFD / Crypto / Stocks
Coupon (FT10)
10% Off
Aggregate Rating
4.1
Trustpilot4.1 ★

Account Plans

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PlanSteps5K10K25K50K100K200K400KSplit
2 Step Challenge
2
$
$59
$
$99
$
$199
$
$299
$
$549
$
$999
—
80% (80/20)
1 Step Challenge
1
$
$89
$
$149
$
$329
$
$449
$
$649
$
$1,199
$
$2,199
80% (80/20)

Challenge Rules

Phase 1
Profit Target8%
Daily Loss Limit5%
Max Drawdown10%
Min Trading Days10 days
Time LimitUnlimited
Phase 2
Profit Target5%
Daily Loss Limit5%
Max Drawdown10%
Min Trading Days10 days
Time LimitUnlimited
Funded Account
Reward Share80% (80/20)
First Payout15 days

Payouts

Max Profit Split
80% (up to higher with add-on)
Reward Share
80% (80/20); up to 100% with the "Higher Profit Share" add-on (+20%).
Payout Cycle
15 days.
Payment Methods
Bank TransferBank TransferCredit/Debit CardCredit/Debit CardCryptoCryptoSkrillSkrill
Withdrawal Methods
Bank TransferBank TransferCryptoCrypto

Trading Conditions

Leverage (Forex)
1:50
Instruments
Forex, Stocks, Crypto, Commodities (all assets available on all account types)
Platforms
MT5MT5
Weekend Holding

Not allowed by default — positions must be closed before the weekend. Can be enabled via the paid "Trade on Weekends" add-on (+10%).

Expert Advisors (EA)

Allowed during the 1-Step and 2-Step challenge phases. Not allowed once funded/live.

News Trading

Not explicitly detailed in a dedicated policy on the official site. Bullwaves Prime markets "clear trading rules" with "no restrictive rules during the challenge phase," implying news trading is permitted during the challenge. Not separately confirmed for the funded stage.

Consistency Rule

No dedicated consistency-rule policy is published on the official site. Bullwaves Prime advertises "no restrictive rules during the challenge phase," suggesting no minimum-consistency requirement is enforced, but this is inferred from general marketing copy rather than an explicit rule statement.

Our Take

Bullwaves Prime is a MetaTrader 5 prop trading firm backed by the regulated broker Bullwaves, offering 1-Step and 2-Step challenges from $5K up to $400K with no time limit. Traders can earn up to a 100% profit split and scale their funded account as high as $400K based on consistent performance.

Head of Media & Lead Reviewer

Alex Firdaus is Head of Media at FinMedia Group and lead editor at FundedTrading.com. He has traded crypto since 2014, through three full market cycles, which is where his interest in funding models and payout mechanics started. Before moving into prop firm coverage he spent close to a decade as a Google search quality rater, with additional experience evaluating results for Bing, then worked in SEO consulting. He has led FundedTrading.com's content and search strategy since 2022, and reads firm rule pages directly rather than working from other reviews. His coverage focuses on drawdown calculation, payout eligibility, consistency rules and prop firm due diligence.

Found an issue? If you spot incorrect info — payout stats, rules, or contact details — tell us and we’ll verify it.

This review is maintained by the FundedTrading.com editorial team. Scores are based on publicly available data and verified user reports. Payout figures and challenge prices can change, so confirm current terms directly with Bullwaves Prime. This is not financial advice.

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Quick Facts
InstrumentsForex, Stocks, Crypto, Commodities (all assets available on all account types)
Max Leverage (Forex)1:50
Scaling PlanScales from $25K up to $400K based on consistent, profitable performance (steps: 25K → 50K → 100K → 200K → 400K).
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