
Dive deep into unbiased reviews of top forex prop firms β including funding rules, payout speed, trader support, and real performance.
Bullwaves Prime is a fast-rising proprietary trading firm built for traders who value realistic objectives, flexible trading conditions, and transparent payouts. With account sizes up to $200,000 and profit splits reaching 80%, Bullwaves Prime offers an environment where disciplined traders can scale their careers while managing a wide range of financial instruments β including forex, commodities, indices, stocks, and cryptocurrencies.
Bullwaves Prime operates under Equitex Capital Limited and officially launched in September 2024. Headquartered in Mahe, Seychelles, the firm is led by CEO Filippo De Rosa, a seasoned fintech executive with over 20 years of experience in global trading operations and brokerage management.
De Rosa, a DFSA-approved professional, has worked across London, Milan, Dubai, Abu Dhabi, and Cyprus, helping fintech companies expand and refine their trading infrastructures. Under his leadership, Bullwaves Prime has quickly earned recognition for combining strict risk management with flexible payout structures.
π Headquarters: Office No. Al9C, Providence Complex, Providence, Mahe, Seychelles
Traders can choose between two core funding models β the Two-Step Challenge and the One-Step Challenge. Both are designed to test risk control and consistency before providing access to a funded account.
The Two-Step Challenge allows traders to manage accounts ranging from $10,000 to $200,000, trading with up to 1:50 leverage.
Account Size | Price |
---|---|
$10,000 | $99 |
$25,000 | $199 |
$50,000 | $299 |
$100,000 | $549 |
$200,000 | $999 |
Phase 1 Target: 8% profit
Phase 2 Target: 5% profit
Max Daily Loss: 5%
Max Trailing Loss: 10%
Min Trading Days: 10 per phase
Max Trading Days: Unlimited
Profit Split: 80%
Payouts: First after 15 days, then bi-weekly
Traders who complete both phases receive a funded account with no minimum withdrawal limit, subject to a 6% payout cap per cycle. The Profit Consistency and Lot Size Consistency rules ensure balanced trading behavior.
Note: The Two-Step Challenge does not include a scaling plan, emphasizing stable performance over aggressive growth.
The One-Step Challenge is ideal for confident traders who prefer a faster path to funding.
Account Size | Price |
---|---|
$10,000 | $149 |
$25,000 | $299 |
$50,000 | $399 |
$100,000 | $599 |
$200,000 | $1,199 |
Profit Target: 10%
Max Daily Loss: 4%
Max Trailing Loss: 8%
Min Trading Days: 10
Max Trading Days: Unlimited
Profit Split: 80%
Payouts: First after 15 days, then bi-weekly
Both challenges emphasize discipline over speed, allowing traders to progress at their own pace without time pressure.
Profit Consistency Rule: No single day or trade can exceed 30% of total profits.
Lot Size Rule: Trades must remain within β70% to +100% of the average lot size.
Payout Limit: Maximum 6% of the account balance per withdrawal.
News Trading: Restricted 3 minutes before and after high-impact news events.
Trading Period: Unlimited β no deadlines.
These rules are designed to mimic professional risk-management standards and ensure fair consistency among all funded traders.
Bullwaves Prime offers one of the most balanced evaluation systems in the prop-trading industry.
β
Two funding paths (1-Step & 2-Step)
β
Unlimited trading time β no expiry pressure
β
First payout in 15 days
β
Bi-weekly payouts afterward
β
Clear rules and transparent objectives
β
Up to 80% profit split
The firmβs blend of realistic targets (8% + 5% or 10%) and generous drawdown limits (4β5% daily / 8β10% overall) makes its programs approachable yet professional.
All trading is executed through Bullwaves Broker, ensuring access to deep liquidity and real-market pricing.
Platform: MetaTrader 5
Leverage: Up to 1:50
Assets: Forex, Commodities, Indices, Stocks, Crypto
Commissions: $10 per lot (0.4% for stocks, 0.08% for crypto)
Yes β both challenges are structured around achievable targets.
Two-Step: 8% + 5% profit targets, 10% max loss
One-Step: 10% profit target, 8% max loss
Unlimited periods remove time pressure
Payouts in 15 days allow fast rewards
These parameters strike a solid balance between risk and opportunity, making Bullwaves Primeβs programs realistic for skilled and consistent traders.
Payouts are processed quickly β often within hours β with numerous trader reviews confirming successful withdrawals.
Payout Frequency: Every 14 days
Profit Split: 80%
Trustpilot Rating: 4.3 / 5 (666 reviews, 75% 5-star)
Many traders praise the firmβs fairness, fast support, and professional dashboard that tracks objectives in real time.
π βEverything worked exactly as promised. I passed my challenge easily and received my payout within hours.β
π βBest prop firm Iβve joined β fair rules, fast payouts, and responsive team.β
Instagram: 478 followers
LinkedIn: 452 followers
Email: support@bullwaves.com
Phone: +248 437 9848
Live Chat: β Available
Languages: English
Register via the official dashboard.
Select Account Type (1-Step or 2-Step).
Apply Discount Code: FOREXPROPREVIEWS for 25% off.
Choose Payment Method: Card, Bank Transfer, Skrill, or Crypto.
Absolutely.
Bullwaves Prime is a trustworthy and well-structured prop firm offering realistic challenges, fair rules, and solid payout consistency. The combination of flexible evaluations, unlimited trading time, and professional risk management makes it a standout choice among newer firms.
β
Two funding options
β
Unlimited trading period
β
15-day first payout
β
Bi-weekly withdrawals
β
80% profit split
If youβre seeking a prop firm that blends professional structure with trader freedom, Bullwaves Prime is a strong and credible option in 2025.
β TopForexPropFirms.com Rating: 4.3 / 5 β Reliable and Trusted Prop Firm
Features
Company