Bullwaves Prime captures attention with its massive $2,000,000 scaling potential and rare 1:50 crypto leverage on the MT5 platform. Offering a potential 100% profit split, it presents a lucrative, albeit high-performance, environment for experienced market participants.
However, the recent “Breach of Guidelines” warning on Trustpilot has sparked concern about their reliability. This in-depth Bullwaves Prime review by H2T Funding cuts through the noise to clarify ongoing reputation concerns. It closely examines their strict consistency rules and payout structures, helping you confidently determine whether Bullwaves Prime is a safe platform to trade with.
1. What is Bullwaves Prime?
Bullwaves Prime entered the market in 2024, quickly gaining traction under the leadership of CEO Filippo De Rosa. Backed by the established entity Moonance LLC, the firm aims to provide a stable and trusted environment for retail traders. They distinguish themselves by offering access to substantial capital and transparent operations.
Traders can access account sizes ranging from $5,000 up to $400,000, with a massive scaling potential of up to $2 million. Securing a Bullwaves funded account means you can trade with significant buying power without risking your own life savings.
Unlike many competitors using third-party brokers, they operate with an in-house broker solution on the MT5 platform. This setup is designed to ensure low-latency execution and tighter control over trading conditions for their clients.
2. Our take on Bullwaves Prime
In my experience, Bullwaves Prime feels like a “high-performance vehicle” that requires a skilled driver to operate safely. The 1:50 leverage on Crypto is a massive competitive advantage, offering opportunities that most competitors simply cannot match. If you are a digital asset trader tired of 1:5 leverage restrictions, this firm is built for you.
However, you must look beyond the high leverage and read the fine print carefully. The payout consistency rules and the 6% profit cap effectively force you to trade defensively rather than aggressively compounding one lucky trade. It is a solid choice for consistent grinders, but the strict rules make it unsuitable for “all-or-nothing” trading styles.
Pros
- Outstanding 1:50 leverage on Cryptocurrencies.
- Option to upgrade to a lucrative 100% profit split.
- Massive scaling potential up to $2,000,000.
- No time limits reduce psychological pressure.
- Fast bi-weekly payouts support steady cash flow.
- Generous affiliate program rewarding community referrals.
Cons
- Restrictive 6% profit cap per withdrawal cycle.
- Trailing drawdown tracks the high-water mark equity.
- Strict lot size consistency rules can void profits.
- No services available for US traders.
- Limited to MT5, with no cTrader or TradingView option.
3. Bullwaves Prime prop firm programs
Bullwaves Prime designs its funding programs to accommodate various trading styles, offering flexibility for both aggressive and conservative traders. You can choose between a streamlined single-phase path or a traditional two-phase evaluation, ensuring you find a structure that fits your psychology.
Continue reading to detail the objectives and limitations of each option, helping you select the best challenge.
3.1. Bullwaves Prime one-step challenge
The Bullwaves challenge 1-step model is designed for experienced traders who want to fast-track their journey. By removing the second evaluation phase, you can demonstrate your edge without the pressure of a strict time limit.
To pass, you must maintain discipline over a minimum of 10 trading days, ensuring your success isn’t just luck. The program offers 1:50 leverage across all assets, and hitting the 10% profit target not only gets you funded but also unlocks Account Growth opportunities.
| Account Size | Price (One-time) | Daily Loss (4%) | Max Loss (8%) | Scaling Target (10%) |
|---|---|---|---|---|
| $5,000 | $89 | $200 | $400 | $500 |
| $10,000 | $149 | $400 | $800 | $1,000 |
| $25,000 | $329 | $1,000 | $2,000 | $2,500 |
| $50,000 | $449 | $2,000 | $4,000 | $5,000 |
| $100,000 | $649 | $4,000 | $8,000 | $10,000 |
| $200,000 | $1,199 | $8,000 | $16,000 | $20,000 |
| $400,000 | $2,199 | $16,000 | $32,000 | $40,000 |
3.2. Bullwaves Prime two-step challenge
The Bullwaves Prime two-step challenge is the traditional route, offering a lower entry price and slightly more breathing room regarding drawdowns. This model requires you to pass two stages: achieving an 8% profit target in Phase 1 and 5% in Phase 2.
This option is ideal for traders who want Low Costs upfront, as the fees are significantly cheaper than the 1-step model. You benefit from a generous 10% Max Drawdown and a 5% Daily Loss limit.
The minimum trading requirement is reduced to just 3 days per phase, allowing skilled traders to pass quickly. However, note that while EAs are allowed during the evaluation, the rules indicate they are Not Allowed once you reach the funded stage.
| Account Size | Price (One-time) | Daily Loss (5%) | Max Loss (10%) | Phase 1 Target (8%) | Phase 2 Target (5%) |
|---|---|---|---|---|---|
| $5,000 | $59 | $250 | $500 | $400 | $250 |
| $10,000 | $99 | $500 | $1,000 | $800 | $500 |
| $25,000 | $199 | $1,250 | $2,500 | $2,000 | $1,250 |
| $50,000 | $299 | $2,500 | $5,000 | $4,000 | $2,500 |
| $100,000 | $549 | $5,000 | $10,000 | $8,000 | $5,000 |
| $200,000 | $999 | $10,000 | $20,000 | $16,000 | $10,000 |
Verdict on Bullwaves Prime prop firm programs
Bullwaves Prime distinguishes itself by offering highly customizable pathways rather than a rigid “one-size-fits-all” structure. Whether you prefer the speed of the 1-Step or the affordability of the 2-Step, the choice is yours.
The standout feature is undoubtedly the extensive Add-on menu. Traders can pay an extra fee (ranging from 10% to 20%) to unlock perks, such as trading on Weekends or removing the minimum trading days entirely.
For those seeking faster gratification, the option to get your first reward in 7 days is a significant advantage. These add-ons allow you to tailor the account to your specific strategy, providing a level of transparency in how you construct your challenge.
Furthermore, the standard offering includes no time limits, which significantly reduces psychological pressure. If you are confident in your skills, opting for the add-on to boost your profit split to 100% turns this into a highly lucrative opportunity.
4. Bullwaves Prime rules
Understanding the rulebook is the difference between getting funded and losing your fee. Bullwaves Prime enforces a structure designed to simulate institutional trading environments, prioritizing consistency over luck.
4.1. General guidelines & allowed practices
These guidelines define how you must operate to maintain your account eligibility.
- Minimum Trading Days: You must trade for at least 10 active trading days to qualify for both funding and payouts. If you hit your profit target in 2 days, you must continue opening positions for the remaining 8 days to prove your consistency.
- Drawdown Calculations:
- Daily Drawdown: Calculated based on the higher value between your Balance or Equity at the daily reset (5:00 PM EST). You must not lose more than 4% (1-Step) or 5% (2-Step) from this high-water mark.
- Total Drawdown: This is a trailing metric (8% for 1-Step, 10% for 2-Step) that trails your highest recorded equity.
- News Trading: You are allowed to hold existing trades during news events. However, opening or closing new positions is restricted 3 minutes before and after a major news release.
- Weekend Trading: Holding trades over the weekend is permitted, and crypto trading on weekends is fully available.
- Copy Trading: Copying your own trades from a personal account is allowed. However, copying third-party signals or coordinating trades with other Bullwaves users is strictly prohibited.
- Multiple Accounts: You may operate multiple challenge accounts simultaneously, provided you do not hedge trades between them.
4.2. Prohibited trading practices
To protect their capital and ensure legitimate trading skills, Bullwaves Prime strictly forbids the following behaviors. Violation can lead to immediate termination.
- Automation Restrictions: While EAs are allowed during the evaluation phase, Automated Trading (EAs/Bots) is strictly prohibited on Funded Accounts.
- Manipulative Strategies:
- Grid Trading: Opening 3+ sequential positions without clear directional logic.
- Martingale: Doubling down on losing positions to recover drawdown.
- Arbitrage: Exploiting latency or platform price errors.
- Tick Scalping: All trades must be held for a minimum of 2 minutes.
- Risk Management Violations:
- Toxic Trading: Accounts where >60% of trades have a negative risk-to-reward ratio (e.g., risking 50 pips to make 10) are considered gambling.
- Excessive Risk in Drawdown: Opening significantly larger lot sizes when in drawdown to “make it back” quickly.
- Order Type Restrictions:
- Guaranteed Limit Orders: Placing high-leverage limit orders right before news to catch slippage-free fills.
- Bracketing: Setting buy/sell stops on both sides of the price before volatility events.
- Account Management: Third-party account management, “pass your challenge” services, or sharing your login credentials will void your account.
- Inactivity Rule: Accounts with no trading activity for 30 consecutive days will be suspended. Logging in without trading does not count as activity.
Verdict on Bullwaves Prime rules
The trailing drawdown rule is the biggest hurdle. It follows your highest equity level. As a result, a winning streak followed by a break-even day can technically breach your limit if floating profits are not closed. This makes the challenge significantly harder than static drawdown firms.
Another major “gotcha” is the prohibition of EAs on funded accounts. If you are an algo-trader who passes the challenge using a bot, you will be forced to switch to manual trading once funded, which is a massive disadvantage.
However, for a disciplined manual trader, the rules are fair. The News Trading restriction (3-minute window) is standard, and the Toxic Trading rule encourages good habits. If you treat this like a real job and not a casino, these rules essentially act as a safety net for your own longevity.
5. Bullwaves Prime payout rules
Getting funded is one thing, but getting paid is what matters. According to the official website, Bullwaves Prime processes Bullwaves withdrawal requests with specific conditions to ensure long-term stability.
- Methods & Fees: You can request payouts via Bank Wire (subject to a $30 flat fee) or USDT – ERC20 ($50).
- Payout Schedule:
- First Payout: Eligible 15 calendar days after your first trade.
- Subsequent Payouts: Available on a bi-weekly basis (every 15 days).
- Activity Rule: You must complete at least 10 active trading days (days where a trade was opened) to be eligible. You must also close all positions before requesting.
- Trading While Waiting: You are allowed to continue trading after requesting a payout. However, if you violate a drawdown rule while the payout is pending, the request will be rejected.
A unique feature of Bullwaves Prime is the Payout Limit. Your profit split is calculated only on the first 6% gain of your account balance.
- How it works: If you have a $200,000 account and make a $20,000 profit (10%), you will only receive the profit split based on $12,000 (6%).
- The excess: Profits above 6% are not paid out, nor do they break any rules. The cap resets after every successful withdrawal.
To ensure stability, Bullwaves Prime enforces two strict consistency rules at the time of withdrawal:
- Profit Consistency (30% Rule): No single trading day can account for 30% or more of your total profit.
- Solution: If you breach this, you don’t lose the account. You simply must continue trading until your total profit increases enough to dilute that one big day below the 30% mark.
- Lot Size Consistency: Your trades must fall within a specific range based on your average lot size (Average – 70% to Average + 100%).
- Consequence: Profitable trades outside this range are deducted from your payout.
- Aggregation: Trades executed within 30 seconds are grouped together to prevent bypassing this rule.
Verdict on Bullwaves Prime payout rules
Honestly, these payout rules are a “double-edged sword.” On one hand, the 0% fee on Crypto withdrawals and the bi-weekly schedule are excellent for Active Traders who want a steady cash flow. The ability to trade while waiting for a payout is also a nice flexibility that many firms don’t offer.
However, the 6% Profit Cap is a significant limitation for high-performing traders. If you are a “sniper” who catches a massive trend and makes 15% in a month, you are effectively doing “free labor” for the firm on anything above 6%. This rule forces you to trade defensively and withdraw often, rather than compounding a huge account buffer.
Furthermore, the Consistency Rules (especially the Lot Size variance) can be tricky. If you usually trade 1.0 lot but see a high-probability setup and drop 5.0 lots, you might find those profits deducted later. This structure clearly favors slow, steady, mechanical traders over discretionary traders who vary their risk based on conviction.
6. Bullwaves Prime scaling plan
Bullwaves Prime offers a clear path for Account Growth, allowing consistent traders to scale their capital up to a massive $2,000,000.
Instead of staying stagnant, if you consistently hit the required profit targets (typically 10%) without breaching risk rules, the firm increases your balance step-by-step. This structure is designed to reward long-term discipline, ensuring you are mentally prepared to handle institutional-grade volume.
Verdict on Bullwaves Prime scaling plan
The scaling plan is the ultimate counterweight to the restrictive 6% Payout Cap. While withdrawing 6% on a small account is modest, doing so on a scaled $2M account is life-changing. It effectively filters out gamblers, offering massive Performance Rewards to those patient enough to play the long game.
7. Bullwaves Prime instruments and conditions for trading
Bullwaves Prime operates on the Industry-Standard MT5 platform via its in-house brokerage. This setup ensures real-time market execution and deep liquidity, effectively minimizing slippage during volatile sessions.
Traders gain access to diverse trading opportunities across all major asset classes. Whether you are a scalper or a swing trader, the portfolio covers:
- Forex: Majors, minors, and exotics.
- Indices: Global stock indices for macro plays.
- Commodities: Energies like Oil and Natural Gas.
- Metals: Gold and Silver.
- Cryptocurrencies: Digital assets available for 24/7 trading.
Trading conditions & leverage
Unlike competitors that complicate rules with variable tiers, Bullwaves Prime simplifies exposure with Raw Spread pricing. The average spread on major pairs like EURUSD is competitive, starting from 0.01 pips:
- Leverage: Fixed at 1:50 for all accounts and instruments.
- Commissions: Typical raw pricing structure applies, though exact fees are not tabulated publicly.
- Contract Sizing: Sizes vary per instrument and must be checked in MT5 before trading.
Verdict on Bullwaves Prime trading conditions
The standout feature here is undoubtedly the 1:50 leverage on Crypto. Most prop firms cap crypto leverage at 1:5 or 1:10, so having 1:50 is a massive advantage for crypto traders looking to maximize small moves.
However, a word of caution regarding the “Contract sizing varies” disclaimer. Since they use an in-house broker, the contract size for indices such as US30 may differ from what you are used to. For example, 1 lot could represent 1 contract or 10 contracts. You must check the specification in MT5 before placing your first trade to avoid accidentally blowing your Daily Loss limit due to incorrect sizing.
8. Bullwaves Prime trading platform
Bullwaves Prime streamlines its technology by exclusively offering MetaTrader 5 (MT5). As the successor to the classic MT4, this platform is specifically engineered to handle the multi-asset volatility of modern markets.
Traders gain instant access to Advanced Trading Tools, including superior charting capabilities and more timeframes than its predecessor. The infrastructure is built to support Real-Time Market Execution, ensuring that your orders are filled with precision.
- Mobile Compatibility: Fully functional iOS and Android apps allow you to manage exposure from anywhere.
- Algorithmic Ready: The platform offers a robust environment for testing custom scripts and indicators.
- Direct Integration: The platform connects directly to their proprietary brokerage tech, reducing third-party bridge failures.
Verdict on Bullwaves Prime trading platform
While MetaTrader 5 is undoubtedly a powerhouse, offering it as the sole option is a double-edged sword. In a market where competitors are increasingly integrating cTrader, Match-Trader, or even DXtrade to cater to TradingView lovers, Bullwaves Prime feels slightly restrictive.
If you are a die-hard fan of cTrader’s slick user interface or its advanced order-entry hotkeys, you might find the transition to MT5 clunky. However, looking at the bigger picture, sticking to a single, time-tested platform often results in greater stability and fewer server-side connection errors than firms juggling three different tech stacks.
9. Bullwaves Prime customer service and education
When your money is on the line, responsive support is non-negotiable. Bullwaves Prime provides a relatively straightforward support structure, focusing on fast access and simple communication channels.
Users can contact the team through a ticket-based system using the website’s Contact Form, where requests can be categorized by topic (Verification, Payouts, Technical Issues, etc.) to ensure they reach the appropriate department.
In addition, Bullwaves Prime also offers an AI-powered live chat feature on its website. This live chat allows traders to get instant answers to common questions, making it a useful first step before submitting a formal support request.
Overall, the support system is designed to be accessible and efficient, especially for resolving basic account or platform-related issues.
Education resources
Unlike firms that rely heavily on blogs or webinars, Bullwaves Prime organizes its educational content in a more structured format. As shown on their platform, they provide a dedicated learning area featuring video-based courses, including topics such as:
- Platform overview and getting started
- How to purchase an account
- MT5 login and setup
- Trading rules explanation
- How to request a payout
This course-based setup provides practical guidance for onboarding and navigating the platform, especially for new users who need help with technical steps rather than trading strategies.
Verdict on Bullwaves Prime support & resources
Bullwaves Prime offers a functional customer service setup through tickets and an AI live chat, making it easy for traders to get assistance quickly.
On the education side, the firm does provide useful onboarding content through structured video courses. However, the educational focus is mostly operational (how to use the platform, rules, payouts) rather than deep trading development.
In short, Bullwaves Prime gives traders the tools and support needed to manage their accounts, but it still expects users to already have solid trading knowledge.
10. Experienced trader feedback: Bullwaves Prime Trustpilot, and Bullwaves Prime Reddit
When analyzing Bullwaves Prime Trustpilot data as of January 26, 2026, the first thing you will notice is a massive red flag. The profile is currently flagged by Trustpilot for a “Breach of guidelines,” indicating suspicious review patterns. Bullwaves Prime has responded via their official blog. They claim the issue stems from a coordinated attack involving fake 1-star reviews and spam 5-star reviews from third parties beyond their control.
While Bullwaves argues that they are victims of “review bombing,” a flagged profile is always a severe risk signal. They claim many 1-star reviews cannot be matched to real client databases, suggesting competitors or bad actors are trying to damage their reputation. However, for a potential client, this creates an environment of uncertainty that significantly impacts their perceived customer satisfaction scores.
Looking closely at the negative feedback, we see a mixed bag. The review mentioning “t ra declaim” to retrieve money is clearly a recovery scam bot, which supports Bullwaves’ claim that some negative reviews are indeed fake spam.
However, the review from “De Marco Andreas” is far more concerning. He recounts a case where a payout was rejected over claims of “coercion” during a dispute, a detail that makes the complaint seem authentic rather than automated. Other users report technical issues where balances vanished despite stop-losses not being hit, hinting at potential slippage or server stability issues.
On the flip side, Bullwaves Prime Reddit threads paint a slightly brighter picture. We found verified evidence, such as the user above sharing a payout confirmation of $3,567.21. This proves that the firm does pay out and is not a complete “take the money and run” operation.
11. How to start with Bullwaves Prime
Getting started with a Bullwaves login is a streamlined process designed to get you trading within minutes. The interface is intuitive, allowing you to customize your funding model before committing.
Here is the quick roadmap to securing your account:
- Step 1: Visit the official website.
- Step 2: Configure your challenge type and add-ons.
- Step 3: Enter your personal details and complete the payment.
- Step 4: Access your trader dashboard.
Ready to prove your skills? Follow the detailed guide below to launch your evaluation.
11.1. Step 1: Visit the official website
Navigate to the Bullwaves Prime homepage. On the top right corner of the navigation bar, you will see a prominent “Sign up” button next to the login option. Click this to begin the registration process.
11.2. Step 2: Configure your challenge & personal details
This is the most critical step. You will toggle between the 1-Step or 2-Step challenge and select your desired account balance (from $5,000 to $200,000).
Pay close attention to the “Select Add-ons” section. Here, you can pay extra for perks like a Higher Profit Share (+20%) or Trade on Weekends (+10%). On the right side, fill in your legal name, email, and phone number. Ensure your country is correct (e.g., Vietnam or Bullwaves global regions), as this must match your ID to ensure a seamless KYC verification process later.
11.3. Step 3: Complete the secure checkout
Once you confirm your order preview, you will be directed to the payment gateway (powered by FanBasis). You can pay via Credit Card or other supported methods like Google Pay. Double-check the “Total due” to ensure all your selected add-ons are included before clicking “Pay.”
11.4. Step 4: Access your trader dashboard
This dashboard is your central command center. From the sidebar, you can navigate to “Platforms” to download MT5, check your “Billing History,” or start a “New Challenge.” Once your account status changes from “No Active Challenges” to active, you are ready to execute your first trade.
The entire process from sign-up to dashboard access is simple and straightforward. Once you are in the dashboard, the journey to getting funded begins.
12. Bullwaves Prime restricted countries
While Bullwaves Prime strives for Global Reach, it must adhere to international sanctions and local financial regulations. Consequently, they cannot offer services to residents of specific high-risk or strictly regulated jurisdictions.
If you reside in any of the following countries, you are strictly prohibited from opening an account:
- United States (Note: This is a major exclusion for US traders).
- China
- Israel
- Belgium
- Afghanistan
- Belarus
- Central African Republic
- Cuba
- Iran
- Libya
- Maldives
- Nicaragua
- North Korea
- Palestinian Authority (Gaza/West Bank)
- Venezuela
Additional restrictions: Beyond specific countries, services are also denied to any jurisdiction or individual appearing on the FATF and EU/UN sanctions lists.
Important warning: Do not attempt to use a VPN to bypass these restrictions. You will eventually be required to submit ID documents for KYC (Know Your Customer) before your first payout. If your documents match a restricted country, your account will be terminated and your fee forfeited.
13. Compare Bullwaves Prime vs other prop firms
To help you make an informed decision, we have benchmarked Bullwaves Prime against three other prominent players in the prop trading industry: FunderPro, Plutus Trade Base, and Top One Trader.
The table below highlights the key differences in pricing, account types, and platform availability. This side-by-side analysis offers a clear view of where Bullwaves Prime excels in terms of low costs and leverage, and where competitors might offer more flexibility regarding trading platforms.
| Feature | Bullwaves Prime | FunderPro | Plutus Trade Base | Top One Trader |
|---|---|---|---|---|
| Challenge Fee | $59 – $2,199 | $69 – $1,121 | €69 – $1,728 | $64 – $2537 |
| Account Types | 1-step, 2-step | 1-step, 2-step | 1-step, 2-step, Instant | 1-step, 2-step, Instant |
| Profit Split | Up to 100% | 80% – 90% | Up to 95% | 80% – 100% |
| Account Size | $5K – $400K | $5K – $200K | $5K – $500K | $5K – $200K |
| Time Limit | No time limit | No time limit | No time limit | No time limit |
| Profit Target | 8% – 10% | 5% – 10% | 3% – 8% | 0% – 10% |
| Trading Platforms | MT5 | MT5, TradeLocker, cTrader | MT5, cTrader, DXTrade, Match Trader, TradingView, TradeLocker | MT5, cTrader, Match Trader, TradeLocker, TradingView |
| Asset Types | Forex, Indices, Commodities, Metals, Crypto | FX, Indices, Crypto, Stocks, Metals, Energies, Futures | Forex, Crypto, CFDs, Indices, Metals, Stocks | Forex, Metals, Indices, Crypto |
Looking at the comparison, Bullwaves Prime carves out a specific niche for Crypto Traders and High-Leverage Scalpers. While competitors like Plutus Trade Base and Top One Trader offer a wider variety of platforms (including TradingView integration) and accept US clients, Bullwaves Prime fights back with its 1:50 leverage on Crypto, a rarity in an industry that usually caps crypto at 1:5.
If you are a non-US trader who prefers the stability of MT5 and wants the potential for a 100% profit split, Bullwaves Prime is the superior choice. However, if you rely on cTrader or need Instant Funding, you might be better served by the alternatives listed above.
14. Should I choose Bullwaves Prime?
You should choose Bullwaves Prime if you are an experienced, non-US trader who specifically needs high leverage on Crypto (1:50) or prefers the stability of an in-house MT5 broker. The potential to scale up to $2 million and earn a 100% profit split makes it an attractive option for career growth. This is especially true if you are disciplined enough to follow their strict consistency rules.
However, you should avoid this firm if you rely on TradingView or cTrader, or if you are a “sniper” trader who dislikes having profits capped at 6% per payout. The Lot Size Consistency rule is also a dealbreaker for traders who vary their risk significantly between setups. If you need total freedom without micromanagement, other firms with looser restrictions might be a better fit.
15. Is Bullwaves Prime legit?
Yes, Bullwaves Prime is considered a trusted entity by many in its community, though it currently carries a “high risk” label due to its ongoing reputation battle.
The firm is a legally registered entity backed by Moonance LLC and led by CEO Filippo De Rosa, operating with real infrastructure rather than just a website front. Verified payout proofs on Reddit confirm that traders do get paid when they follow the rules.
That said, the active Trustpilot warning regarding suspicious reviews cannot be ignored. While the firm claims this is due to a spam attack, the presence of genuine complaints about denied payouts and technical disputes suggests you should proceed with caution. It is a functional prop firm, not a scam, but you must adhere strictly to their terms to ensure your payout is approved.
16. FAQs
Bullwaves Prime entered the proprietary trading market in 2024. The firm is backed by Moonance LLC and operates under the leadership of CEO Filippo De Rosa, utilizing its own in-house brokerage infrastructure to serve traders globally.
Traders can select two funding paths: a 1-Step Challenge designed for experienced traders wanting quick access, and a 2-Step Challenge, which offers lower fees and slightly more relaxed drawdown limits. Both options allow for customization through various paid add-ons.
The standard profit split starts at a generous 80% for funded traders. However, the firm offers a unique add-on feature. This upgrade allows you to increase your profit share to 100%, meaning you keep all the profits generated on your funded account.
Bullwaves Prime caters to all levels of capital requirements, offering account sizes ranging from a starter $5,000 balance up to a substantial $400,000 account. Through its scaling plan, successful traders have the potential to grow this allocation to a maximum of $2 million.
Risk limits vary by program: the 1-Step model enforces a 4% daily and 8% max trailing drawdown, while the 2-Step model allows a 5% daily and 10% max trailing drawdown. Crucially, the Total Drawdown trails your highest recorded equity (High-Water Mark), making it a stricter metric than static balance drawdowns.
Yes, you are allowed to hold existing positions through major economic news releases. However, the firm strictly prohibits opening or closing new trades within a specific window of 3 minutes before and 3 minutes after a high-impact news event to prevent arbitrage strategies.
Currently, Bullwaves Prime exclusively supports MetaTrader 5 (MT5) via its proprietary brokerage. This ensures low-latency execution and access to advanced charting tools on both desktop and mobile, though users looking for cTrader or TradingView will not find those options here.
Payouts are processed on a bi-weekly basis (every 15 days) via Bank Wire or USDT (ERC20), with the first withdrawal available 15 days after your first trade. Note that payouts are capped at 6% of the account balance per cycle, and trades must adhere to lot size consistency rules to be eligible.
The firm rewards long-term consistency by allowing traders to scale their capital up to $2,000,000. To qualify for increased funding, traders must consistently hit profit targets (typically 10%) without violating risk parameters, unlocking larger account balances in steps.
Bullwaves Prime offers a comprehensive range of instruments, including Forex pairs, Global Indices, Commodities (Oil/Gas), and Precious Metals. A standout feature is their Cryptocurrency offering, which allows for 24/7 trading with leverage up to 1:50, significantly higher than most competitors.
17. Conclusion
To conclude this Bullwaves Prime review, the firm stands out with 1:50 crypto leverage and a potential 100% profit split for disciplined traders. However, the strict trailing drawdown and payout consistency rules demand a professional approach to risk management to succeed long-term.
While recent Trustpilot warnings suggest caution, verified payouts confirm that Bullwaves Prime honors withdrawals for those who strictly follow the rules. If you are comfortable with MT5 and specific trading parameters, this firm offers significant scaling potential for your career.
If you are looking for alternatives, explore more detailed comparisons on the H2T Funding blog. Read our other prop firm reviews to find the funded account challenge that best suits your specific trading style and goals.
