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 53 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
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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)
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
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 4.1 to 3
Score decreased from 4.1 to 3
Score decreased from 4.1 to 3
Score decreased from 4.1 to 3
Bullwaves Prime Overview
Bullwaves Prime is a prop trading firm founded in 2024 based in Seychelles specialising in CFD trading. It offers 13 evaluation challenges starting at $59.
Funded Bullwaves Prime traders keep a profit split of Up to 100% (base + 20% add-on). Payouts are processed Every 15 calendar days (First payout eligible 15 calendar days after first trade; subsequent payouts every 15 calendar days). Trading is supported on MT5.
Bullwaves Prime holds a PropFirmMap safety grade of C.
Bullwaves Prime FAQ
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