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CFDSeychelles
Bullwaves Prime
Explore available platforms, evaluation programs and payout rules.
Visit official website- Score
- 3.9/10
- Safety grade
- D
- Founded
- Sep 2024
- Direct funding
- Not available
Read full company overview
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.
Profit splitUp to 100% (base + 20% add-on)
PayoutsEvery 15 calendar days
Platforms
Trading platforms supported by Bullwaves Prime.
MetaTrader 5 (MT5)
Trading platform supported by this firm.
Programs & evaluation
Choose from a range of evaluation programs with flexible profit splits and trading conditions.
- Profit split
- Up to 100% (base + 20% add-on)
- Programs & evaluation
- Multiple programs (see official website)
10K - 1 Step Challenge
- Account size
- $10K
- Profit target
- 10%
- Drawdown model
- Static
10K - 2 Step Challenge
- Account size
- $10K
- Profit target
- 8%
- Drawdown model
- Static
View all 13 programs
5K - 1 Step Challenge
- Account size
- $5K
- Profit target
- 10%
- Drawdown model
- Static
5K - 2 Step Challenge
- Account size
- $5K
- Profit target
- 8%
- Drawdown model
- Static
25K - 1 Step Challenge
- Account size
- $25K
- Profit target
- 10%
- Drawdown model
- Static
25K - 2 Step Challenge
- Account size
- $25K
- Profit target
- 8%
- Drawdown model
- Static
50K - 1 Step Challenge
- Account size
- $50K
- Profit target
- 10%
- Drawdown model
- Static
50K - 2 Step Challenge
- Account size
- $50K
- Profit target
- 8%
- Drawdown model
- Static
100K - 1 Step Challenge
- Account size
- $100K
- Profit target
- 10%
- Drawdown model
- Static
100K - 2 Step Challenge
- Account size
- $100K
- Profit target
- 8%
- Drawdown model
- Static
200K - 1 Step Challenge
- Account size
- $200K
- Profit target
- 10%
- Drawdown model
- Static
200K - 2 Step Challenge
- Account size
- $200K
- Profit target
- 8%
- Drawdown model
- Static
400K - 1 Step Challenge
- Account size
- $400K
- Profit target
- 10%
- Drawdown model
- Static
Payouts & rules
Get paid every 15 calendar days with a variety of methods and clear rules.
- Payouts & payments
- Multiple options (see official website)
- Payouts & payments
- Multiple options (see official website)
- Payouts
- Every 15 calendar days
- Payout frequency note
- First payout eligible 15 calendar days after first trade; subsequent payouts every 15 calendar days
Payout rules
- 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.
- On Demand
- No
- Proof Note
- KYC required before funded stage: government-issued ID or passport, plus proof of address (utility bill or bank statement dated within 90 days).
- Method Fees
- Crypto (USDT-ERC20) withdrawals: no fee. Bank wire: $30 flat fee per transaction.
- Profit split
- Up to 80%
- Min Withdrawal
- 50
- Proof Required
- Yes
- Processing Time
- 2-5 business days
- Payouts
- Every 15 calendar days
- First Payout Days
- 15
- Payout Schedule Note
- First payout eligible 15 calendar days after first trade placed; subsequent payouts every 15 calendar days thereafter; minimum 10 active trading days required before any payout request; all positions must be closed before requesting a payout.
- Consistency For Payout
- 1-Step Challenge funded accounts: highest single trading day's profit must be below 30% of total account profit at time of payout request. 2-Step Challenge funded accounts: below 40%. Formula: (Highest Profit Day / Total Profit) x 100.
- Min Trading Days For Payout
- 10
Trading rules
- Notes
- 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.
- Holding Note
- A valid trading day requires at least one position opened, regardless of whether it remains open overnight.
- Max Leverage
- 1:50
- Scalping Note
- Minimum hold time 2 minutes on standard instruments, 5 minutes on XAUUSD, BTCUSD, and all indices; tick scalping (opening/closing within seconds) is prohibited.
- Hedging Allowed
- Not allowed
- Inactivity Rule
- Accounts inactive for 30 consecutive days are suspended/terminated; logging in without placing trades does not reset the inactivity timer; trader may be required to pass a new evaluation phase to resume trading.
- Daily Loss Reset
- Resets daily at 00:00 Market Watch Time (17:00 EST)
- Scalping Allowed
- Not allowed
- News Trading Note
- Holding positions during scheduled news events is permitted; opening or closing positions within 3 minutes before or after a news release is not allowed.
- Martingale Allowed
- Not allowed
- Min Trade Duration
- 2 minutes (standard instruments); 5 minutes (XAUUSD, BTCUSD, all indices)
- Allowed Instruments
- All assets
- Challenge Time Limit
- Unlimited (no time limit to complete the evaluation)
- Copy trading allowed
- Not allowed
- Drawdown Type Funded
- Trailing - Daily Drawdown trails from the highest equity of the current day (resets 00:00 Market Watch Time/17:00 EST); Total Drawdown trails from initial balance or highest equity achieved, whichever is greater.
- News Trading Allowed
- Allowed
- Drawdown Model Funded
- static
- Prohibited Strategies
- Arbitrage, grid trading, guaranteed limit orders around news, martingale, tick scalping, excessive risk during drawdown, one-sided betting, hedging, bracketing, account sharing, toxic risk:reward behavior
- Consistency Rule Funded
- At payout: highest single day's profit must be <30% of total account profit (1-Step funded accounts) or <40% (2-Step funded accounts). Formula: (Highest Profit Day / Total Profit) x 100. Continuous, does not reset after payouts.
- Drawdown Type Challenge
- Trailing - Daily Drawdown trails from the highest equity of the current day (resets 00:00 Market Watch Time/17:00 EST); Total Drawdown trails from initial balance or highest equity achieved, whichever is greater.
- Drawdown Model Challenge
- static
- Overnight Holding Allowed
- Allowed
What stands out
Published advantages and trade-offs to review before choosing a program.
Key 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
Things to consider
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
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