Bullwaves Prime is a prop trading firm that offers traders a structured pathway to access larger trading capital through its Two-Step Challenge. This program is designed for traders who can demonstrate consistent profitability while following defined risk management rules. Account sizes under the Two-Step Challenge range from $10,000 to $200,000, allowing traders to choose a level that aligns with their experience and risk tolerance. The challenge is available with leverage of up to 1:50. This gives traders flexibility in position sizing while still operating within strict loss limits.
Understanding the Bullwaves Prime Two-Step Challenge for Traders
The evaluation process begins with Phase One, where traders are required to reach an 8% profit target. During this phase, risk controls play a central role. Traders must not exceed a 5% maximum daily loss or a 10% maximum trailing loss at any point. There is no maximum time limit to complete Phase One, which allows traders to progress at their own pace. However, traders must complete at least 10 trading days before they can move on to the next phase, ensuring that performance is not based on a short burst of activity.
Phase Two follows a similar structure but with adjusted objectives. In this stage, traders must achieve a 5% profit target while continuing to respect the same 5% maximum daily loss and 10% maximum trailing loss rules. As with Phase One, there is no maximum duration, but a minimum of 10 trading days is required to qualify for a funded account. This phase focuses on reinforcing disciplined trading behavior over time rather than quick gains.
After successfully completing both evaluation phases, traders are granted a funded account with Bullwaves Prime. The funded account comes with no minimum withdrawal requirement, which gives traders flexibility when requesting payouts. Traders must continue to follow the firm’s risk parameters, including the 5% daily loss limit and 10% trailing loss limit. In addition, there is a 6% payout cap on profits per withdrawal, which helps maintain long-term account stability. Overall, the Bullwaves Prime Two-Step Challenge suits traders who prioritize structure, patience, and consistent risk control.
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