Bullwaves Prime
Seychelles
Composite Trust Score
Multi-source aggregate of every verified trust signal we hold on Bullwaves Prime. Methodology →
TrustPilot profile suspended - composite trust score includes a -20 penalty until the profile is restored.
Price & Rating Trends
Last 73 days - how Bullwaves Prime's key metrics have moved over time.
Trend data is captured nightly from the PropFirmMap database. Older history before May 29, 2026 may reflect the latest known value.
| Price | Account Size | Account Name | Profit Target | Max Daily Loss | Max Drawdown | Profit Split | Activation Fee | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| $149 One time | $10K 1 Step | 10K - 1 Step Challenge | P1: 10% | P1: 4% | P1: 8% | Up to 100% (base + 20% add-on) | Details | ||
| $99 One time | $10K 2 Steps | 10K - 2 Step Challenge | P1: 8% P2: 5% | P1: 5% P2: 5% | P1: 10% P2: 10% | Up to 100% (base + 20% add-on) | Details | ||
| $89 One time | $5K 1 Step | 5K - 1 Step Challenge | P1: 10% | P1: 4% | P1: 8% | Up to 100% (base + 20% add-on) | Details | ||
| $59 One time | $5K 2 Steps | 5K - 2 Step Challenge | P1: 8% P2: 5% | P1: 5% P2: 5% | P1: 10% P2: 10% | Up to 100% (base + 20% add-on) | Details | ||
| $329 One time | $25K 1 Step | 25K - 1 Step Challenge | P1: 10% | P1: 4% | P1: 8% | Up to 100% (base + 20% add-on) | Details | ||
| $199 One time | $25K 2 Steps | 25K - 2 Step Challenge | P1: 8% P2: 5% | P1: 5% P2: 5% | P1: 10% P2: 10% | Up to 100% (base + 20% add-on) | Details | ||
| $449 One time | $50K 1 Step | 50K - 1 Step Challenge | P1: 10% | P1: 4% | P1: 8% | Up to 100% (base + 20% add-on) | Details | ||
| $299 One time | $50K 2 Steps | 50K - 2 Step Challenge | P1: 8% P2: 5% | P1: 5% P2: 5% | P1: 10% P2: 10% | Up to 100% (base + 20% add-on) | Details | ||
| $649 One time | $100K 1 Step | 100K - 1 Step Challenge | P1: 10% | P1: 4% | P1: 8% | Up to 100% (base + 20% add-on) | Details | ||
| $549 One time | $100K 2 Steps | 100K - 2 Step Challenge | P1: 8% P2: 5% | P1: 5% P2: 5% | P1: 10% P2: 10% | Up to 100% (base + 20% add-on) | Details | ||
| $1199 One time | $200K 1 Step | 200K - 1 Step Challenge | P1: 10% | P1: 4% | P1: 8% | Up to 100% (base + 20% add-on) | Details | ||
| $999 One time | $200K 2 Steps | 200K - 2 Step Challenge | P1: 8% P2: 5% | P1: 5% P2: 5% | P1: 10% P2: 10% | Up to 100% (base + 20% add-on) | Details | ||
| $2199 One time | $400K 1 Step | 400K - 1 Step Challenge | P1: 10% | P1: 4% | P1: 8% | Up to 100% (base + 20% add-on) | Details |
Main Benefits
Up to $400K funding, MT5 platform, raw spreads from 0.0 pips, accounts from $59 (2-Step 5K), all assets allowed, 1:50 leverage, regulated broker backing (Equitex Capital SD185), 100% profit split with add-on
Main Drawbacks
TrustPilot rating suspended due to fake-review breach of guidelines, multiple user complaints about payout denials and account confiscation, offshore-only (Moonance LLC SVG + Equitex Seychelles), restricted in many jurisdictions including US/EU sanctions lists, no daily drawdown override available
Reviews
Add Your ReviewNo reviews yet. Be the first to share your experience!
Write a Review
Crypto
Credit Card
Crypto
Bank Wire
MT5
Bullwaves Prime is a CFD prop trading firm launched September 2024, owned and operated by Moonance LLC (Saint Vincent & the Grenadines, registration 2141 LLC 2022). Technology is provided by Equitex Capital Limited, a CFD broker incorporated in Seychelles under license SD185. The firm offers 1-Step and 2-Step Challenges with account sizes from $5K to $400K, all on the MetaTrader 5 platform. Marketed athlete sponsorships include UFC fighter Slava Borshchev and other MMA/karate professionals. ETX Services Limited (Cyprus, HE455407) acts as Independent Representative and Distributor. The CEO is Filippo De Rosa.
Payout methods
Crypto
Bank Wire
Withdrawal fees: Crypto (USDT-ERC20) withdrawals: no fee. Bank wire: $30 flat fee per transaction.
Amounts
Requirements
Additional payout notes
Payout cap: maximum gain eligible for profit split in any single payout period is 6% of the funded account starting balance, resetting after each payout; profits above 6% do not cause a breach but are excluded from that payout. Maximum total capital allocation is $2,000,000. Lot Size Consistency Rule also applies at payout: profitable trades must fall within [account average lot size - 70%, average lot size + 100%] or are excluded from the payout and account balance.
Source: firm payout terms
General rules (apply to challenge & funded)
See how these rules compare against every other firm in the prop firm rules comparison.
Challenge vs Funded
Drawdown & risk
Challenge lifecycle
Instruments & restrictions
Additional rules
Weekend holding: permitted on 1-Step Challenge accounts (open/close/hold over weekend allowed); NOT permitted on 2-Step Challenge accounts (all positions must close before Friday market close); simulated crypto weekend trading is available on funded accounts. EA/trade copiers: permitted during the challenge phase only, strictly prohibited once funded. A personal copy trader mirroring the trader's own trades onto their own account is permitted; copying/mirroring other users or synchronized trading is prohibited. Maximum loss per single trade idea is 2% of the account's initial balance.
Source: firm rules page
Fair
Strengths
- Competitive pricing (from $59)
- 100% profit split available
Weaknesses
- Limited platform choice (1 platform)
Recommended For
Bullwaves Prime alternatives with a PropFirmMap code
We partner directly with these CFD firms, so readers get a discount at checkout. Only firms rated close to or above Bullwaves Prime are shown.
Recent Activity
Score decreased from 4.2 to 3
Score decreased from 4.2 to 3
Score decreased from 4.2 to 3
Score decreased from 4.2 to 3
Score decreased from 4.2 to 3
Score decreased from 4.2 to 3
Score decreased from 4.2 to 3
Score decreased from 4.2 to 3
Score decreased from 4.2 to 3
Score decreased from 4.2 to 3
Bullwaves Prime Overview
Bullwaves Prime is a prop trading firm founded in 2024 and based in Seychelles, running CFD evaluations for traders. The firm lists 13 evaluation challenges, starting at $59.
At $59, the cheapest Bullwaves Prime evaluation costs more than the $41 median across the 98 CFD firms tracked on PropFirmMap, so it is priced at a premium. The 100% maximum profit split is more generous than the 90% typical of that group. Its overall PropFirmMap score of 4.2 places it ahead of 2 of the 98 CFD firms we score.
On a funded account the profit split is Up to 100% (base + 20% add-on). The payout schedule is Every 15 calendar days (First payout eligible 15 calendar days after first trade; subsequent payouts every 15 calendar days). The drawdown rule to respect is: 4% (1-Step) / 5% (2-Step) Accounts can be traded on MT5.
Bullwaves Prime holds a PropFirmMap safety grade of C. Note that its TrustPilot profile is currently suspended, so any star rating shown elsewhere for Bullwaves Prime should be treated with caution.
Bullwaves Prime FAQ
Why is Bullwaves Prime's TrustPilot page suspended?
How does Bullwaves Prime compare to other CFD prop firms?
What is the Bullwaves Prime payout schedule?
How much can I lose before breaching Bullwaves Prime?
Which platforms can I use at Bullwaves Prime?
What is the cheapest Bullwaves Prime challenge?
How much of the profit do Bullwaves Prime traders keep?
Similar CFD Firms
Not convinced by Bullwaves Prime?
See the full ranked list of alternatives matched by price, profit split, platforms, and safety grade.
Bullwaves Prime Head-to-Head
See how Bullwaves Prime stacks up against the closest CFD firms, side by side on price, payouts, profit split and safety.
Bullwaves Prime vs FTMO
Bullwaves Prime Is Among the Best In
See where Bullwaves Prime ranks against every verified firm in these 2026 best-of lists, sorted by safety grade, price, profit split and TrustPilot.
Browse all best-of prop firm lists