Bullwaves Prime (50% Discount Code: FOREXPROPREVIEWS)

Bullwaves Prime is a proprietary trading firm looking for skilled traders who can effectively manage risk and maintain consistent profitability. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $200,000 and receive up to 80% profit splits. This can be accomplished through trading various financial instruments, including forex pairs, commodities, indices, stocks, and cryptocurrencies.

Who are Bullwaves Prime?

Bullwaves Prime is a proprietary trading firm operated under the legal name Equitex Capital Limited that started operating in September 2024. They are located in Mahe, Seychelles, and are being managed by CEO Filippo De Rosa. Bullwaves Prime provides traders with the opportunity to choose between a single two-step evaluation while being partnered with Bullwaves as their broker.

Bullwaves Prime’s headquarters are located at Office No. Al9C, Providence Complex, Providence, Mahe, Seychelles.

Who is the CEO of Bullwaves Prime?

Filippo De Rosa is the CEO of Bullwaves Prime. He is a motivated and enthusiastic C-level executive, has gained over 20 years of experience with leading fintech companies. A DFSA-approved candidate, he has developed an excellent understanding of the global regulatory landscape within the OTC derivative space. Moreover, he has successfully built teams across multiple functions to drive revenue, reposition companies, and grow key markets globally across retail and institutional trading. Originally from Rome, he has worked for leading online financial brokers and solution providers in London, Milan, Dubai, Abu Dhabi, and Cyprus.

Funding Program Options

Bullwaves Prime provides its traders with a single funding program option.

Two-Step Challenge

Bullwaves Prime’s Two-Step Challenge provides traders the opportunity to manage account sizes ranging from $10,000 up to $200,000. The aim is to identify talented traders who are profitable and can efficiently manage risk throughout the two-step evaluation period. The Two-Step Challenge allows you to trade with up to 1:50 leverage.

Evaluation phase one requires a trader to reach a profit target of 8% while not surpassing their 5% maximum daily loss or 10% maximum trailing loss rules. When it comes to time limitations, note that you have no maximum or minimum trading day requirements during phase one.

Evaluation phase two requires a trader to reach a profit target of 5% while not surpassing their 5% maximum daily loss or 10% maximum trailing loss rules. When it comes to time limitations, note that you have no maximum or minimum trading day requirements during phase two.

By completing both evaluation phases, you are awarded a funded account with no minimum withdrawal requirements. You must adhere to the 5% maximum daily loss, 10% maximum trailing loss, and a 6% payout limit on profits per withdrawal. Additionally, you must follow the Profit Consistency Rule and Lot Size Consistency Rule. Your first payout is available after 5 trading days, while all subsequent withdrawals can be submitted weekly. Your profit split will be 80%, based on the profit you generate on your funded account.

Two-step Challenge Scaling Plan

The Two-Step Challenge doesn’t have a scaling plan.

Two-step Challenge Trading Rules & Objectives

• Profit Target – Traders must achieve a designated profit percentage to successfully conclude an evaluation phase, withdraw earnings, or scale their trading account. The profit target for Phase 1 is set at 8%, whereas Phase 2 requires reaching a profit target of 5%. Funded accounts do not have any specified profit targets.
• Maximum Daily Loss – The maximum loss limit a trader is allowed to lose in a single trading day without breaching the account. All account sizes have a maximum daily loss of 5%.
• Maximum Trailing Loss –The difference between the highest achieved account balance and the lowest point of the drawdown determines the maximum trailing loss a trader is allowed to lose without breaching the account. All account sizes have a maximum trailing loss of 10%.
• Minimum Trading Days– To meet the 5 Minimum Trading Days requirement, the client must open a trade on at least 5 separate calendar days. (only in funded stage)
• Consistency Rule– No single day or trade can account for more than 30% of your total profits. If breached, invalid trades are removed, but account access remains.
• Lot Size Consistency Rule– Your trades must fall within a range of -70% to +100% of average lot size. Trades outside this range are removed, but account access is maintained.
• Payout Limit Rule– The profit split is capped at 6% of the account’s starting balance per payout. Any profits beyond this 6% limit are not eligible for withdrawal but do not breach account.
• No News Trading – News trading is allowed during the evaluation phase and not on the experienced stage.

What Makes Bullwaves Prime Different From Other Prop Firms?

Bullwaves Prime differs from most industry-leading prop firms due to offering one unique account types: a two-step evaluation. In addition, they also provide numerous favorable features, such as an unlimited trading period, a first withdrawal after only 7 calendar days, weekly future payouts.

Bullwaves Prime’s Two-Step Challenge is a two-step evaluation that requires traders to successfully complete two phases before becoming eligible for payouts. The profit target is 8% in phase one and 5% in phase two, with a 5% maximum daily and 10% maximum trailing loss rules. You also have no maximum or minimum trading day requirements during either evaluation phase. Traders must also follow the Consistency Rule and Lot Size Consistency Rule. Compared to other funding programs within the industry, the Two-Step Challenge stands out mainly for having an unlimited trading period, a first withdrawal after only 7 calendar days, and weekly future payouts.

Example of comparison between Bullwaves Prime & FundingPips

Example of comparison between Bullwaves Prime & E8 Markets

Example of comparison between Bullwaves Prime & FXIFY

In conclusion, Bullwaves Prime differs from other industry-leading prop firms by offering one unique account types: a two-step evaluation. In addition, they also provide numerous favorable features, such as an unlimited trading period, a first withdrawal after only 7 calendar days, weekly future payouts,

Is Getting Bullwaves Prime Capital Realistic?

It is essential to evaluate the achievability of trading requirements when considering proprietary trading firms that align with your forex trading style. While a company may appear attractive with a high percentage profit split on a generously funded account, the practicality decreases if they demand substantial monthly gains with minimal maximum drawdown percentages, significantly reducing the likelihood of success. Additionally, examining time constraints is crucial, with an unlimited trading period being more advantageous as it eliminates the pressure associated with time constraints. Lastly, it is essential to acquaint yourself with all trading rules during the evaluation process and subsequent funding stages to mitigate the risk of accidentally violating your trading account terms.

• Receiving capital from the Two-Step Challenge is realistic primarily due to its average profit targets (8% in phase one and 5% in phase two) coupled with average maximum loss rules (5% maximum daily and 10% maximum trailing loss). It is important to note that there are no minimum or maximum trading day requirements, offering flexibility without time constraints, meaning that you can secure funding swiftly in a day or proceed at your preferred trading pace. Furthermore, upon successfully completing both evaluation phases, participants qualify for payouts featuring an advantageous profit split of 80%.

After considering all the factors, Bullwaves Prime is highly recommended since you have a single funding program to choose from, which features realistic trading objectives and conditions for qualifying for payouts.

Payment Proof

Bullwave Prime is a proprietary trading firm that was incorporated in September 2024. They have a large community of traders who have reached funded status and successfully qualify for a profit split.

While working with Bullwaves Prime and reaching funded status through the Two-Step Challenge, you will be eligible to receive your first payout after 7 calendar days. After your first payout, you can continue to receive payouts every 7 calendar days, provided you exceed the initial account size. Your profit split will consist of a generous 80%, based on the profit generated on your funded account.

When it comes to Bullwaves Prime payment proof, you can find it on numerous websites. One example is Trustpilot, where their traders comment regarding their experience while working with the company as well as the process of how they successfully received payouts.

Examples of Payout Certificates and Payment Proof can be seen in the images below.

Which Broker Does Bullwaves Prime Use?

Bullwaves Prime trades exclusively through its proprietary broker Bullwaves, which provides traders with top-tier liquidity and the most realistic simulated market conditions possible.

As for trading platforms, while you are working with Bullwaves Prime, they allow you to trade on Platform 5.

Trading Instruments

As mentioned above, Bullwaves Prime is partnered with Bullwaves as their broker, and they allow you to trade a wide range of trading instruments, which include forex pairs, commodities, indices, stocks, and cryptocurrencies with a leverage of up to 1:50, depending on the trading instrument that you are trading.

Forex Pairs

Commodities

Indices

As mentioned above, Bullwaves Prime also allows you to trade a wide range of stocks. To view the full list, please refer to the Spread Account below, which will enable you to log in to the MetaTrader 5 trading platform and view the complete list of available stocks and cryptocurrencies.

Trading Fees

Trading Commission

Spread Account

To check the live spreads, log in to the trading account below.

Education

Bullwaves Prime currently doesn’t provide any additional educational content to their community.

However, Bullwaves Prime offers all clients access to a carefully designed trader dashboard, streamlining risk management by offering constant access to detailed statistics and objectives. This ensures real-time updates, contributing to an improved user experience.

Bullwaves Prime Trading Dashboard

Trustpilot Feedback

Bullwaves Prime has gathered an excellent score on Trustpilot based on their community’s feedback.

On Trustpilot, Bullwaves Prime has a large variety of their community commenting and providing positive feedback regarding their company services. The firm has achieved an impressive rating of 4.6 out of 5 from a substantial pool of 475 reviews. Notably, 78% of these reviews have awarded Bullwaves Prime the highest rating of 5 stars.

The client shared a positive experience with Bullwaves Prime, stating that everything functioned as promised. They mentioned successfully passing their challenge with ease and were particularly impressed with the swift processing of their first withdrawal, which was completed within hours.

The second client described Bullwaves Prime as the best prop firm they have worked with, highlighting its fair trading rules, fast payout process, and responsive support team. Based on their positive experience, they highly recommended the firm to other traders.

Social Media Statistics

Bullwaves Prime can also be found on social media platforms.

Customer Support

Account Opening Process

• Registration Form – Register with Bullwaves Prime by filling out the registration form with your personal details and logging into the trading dashboard.

• Choose Your Account – Choose your account type and account size.

• Apply Discount Code – Apply our discount code FOREXPROPREVIEWS and enjoy a 50% discount on all Bullwaves Prime account sizes.

• Choose Your Payment Method – Choose between a credit/debit card, bank transfer, Skrill, and cryptocurrency payment methods.

Conclusion

In conclusion, Bullwaves Prime is a reputable and trustworthy proprietary trading firm providing traders with an opportunity to choose a single funding program, the Two-step Challenge, which is a two-step evaluation.

Bullwaves Prime’s Two-Step Challenge is an industry-standard two-step evaluation that requires the completion of two phases before becoming eligible to manage a funded account and earn 80% profit splits. Traders must reach profit targets of 8% in phase one and 5% in phase two to become successfully funded. These are realistic trading objectives, considering you have a 5% maximum daily and 10% maximum trailing loss rules to follow. Regarding time limitations, you have no minimum or maximum trading day requirements, meaning that you can trade based on your preferred pace without any time pressure. Traders must also follow the Consistency Rule and Lot Size Consistency Rule.

I would recommend Bullwaves Prime to individuals seeking a reputable proprietary trading firm that provides exceptional trading conditions catering to a diverse range of individuals with unique trading styles. They provide traders with unique features, such as an unlimited trading period, a first withdrawal after only 7 calendar days, and weekly future payouts. After considering everything Bullwaves Prime has to offer to traders all across the globe, they can undoubtedly be regarded as one of the industry-leading prop firms.

Our detailed review of Bullwaves Prime was last updated on 02.04.2025 at 12:12 (CE(S)T).

What are your individual opinions on Bullwaves Prime and the services they offer? Do they align with the trading conditions and services you’ve been seeking?

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