0

CEO

Filippo De Rosa

Country

country-flag

SC

Trust Pilot

4.5

Years in Operation

2

CEO

Filippo De Rosa

Country

country-flag

SC

Trust Pilot

4.5

Years in Operation

2

0.0

0

total reviews

5

0

4

0

3

0

2

0

1

0

0% OFF

firm-banner

Bull Waves

0.0

0

0% off all accounts — first order only

Bull Waves offers 1-Step Challenge and 2-Step Challenge evaluation programs with account sizes of 5K, 10K, 25K, 50K, 100K, 200K, and 400K. The Firm supports MetaTrader 5 and states that trading is done with real market liquidity and access to all assets. In the 1-Step Challenge, the 5K, 10K, 25K, 50K, 100K, 200K, and 400K accounts require a 10% profit target in Phase 1, 10 minimum trading days, an 8% maximum drawdown, and a 4% daily drawdown; the 5K and 10K pages also show a funded scaling target of 8% in Phase 1 and 5% in Phase 2, while the 25K, 50K, 100K, 200K, and 400K pages show a funded scaling target of 10% with no funded target stated. In the 2-Step Challenge, the 5K, 10K, 25K, 50K, 100K, and 200K accounts require 8% in Phase 1 and 5% in Phase 2, 3 trading days in each phase, a 10% maximum drawdown, a 5% daily drawdown, and EA use allowed in Phases 1 and 2 but not in the funded stage; leverage is up to 1:50. The Firm states that payouts can reach up to 100% with an add-on, and some 2-Step accounts include add-ons such as higher profit share, weekend trading, and first reward in 7 days. Bull Waves is a proprietary trading firm offering challenge-based funded trading under Bullwaves Prime.

Profit consistency rule

When requesting a payout, your profits must be distributed consistently across your trading days.

Your highest-profit day cannot exceed:

  • 30% of total profits on a 1-Step Challenge
  • 40% of total profits on a 2-Step Challenge.

Formula used:

(Highest Profit Day ÷ Total Profit) × 100

Example:

  • Total profit = $10,000
  • Biggest day = $4,500

For:

  • 1-Step → you fail the rule
  • 2-Step → you also fail because 45% exceeds the limit

If you exceed the limit:

  • Your account is not breached
  • But you must continue trading until your profit distribution becomes more balanced.

Lot size consistency rule

Your profitable trades must stay within a reasonable range relative to your average lot size.

Allowed range:

  • Minimum: average lot size minus 70%
  • Maximum: average lot size plus 100%.

Profitable trades outside that range:

  • Are excluded from payout calculations
  • Are removed from account profit calculations
  • But your account remains active.

Trade aggregation rule

If you:

  • Open multiple trades
  • On the same instrument
  • In the same direction
  • Within 10 minutes

Bullwaves Prime treats them as:

  • One single trade idea.

This affects:

  • Profit consistency calculations
  • Lot-size consistency calculations
  • Risk exposure evaluation

Consistency rule duration

The consistency rule:

  • Applies permanently throughout the lifetime of the account
  • Does not reset after payouts.

Profit targets

1-Step Challenge

You must reach:

  • 10% profit target

2-Step Challenge

You must reach:

  • 8% in Phase 1
  • 5% in Phase 2.

Daily drawdown limits

1-Step

  • Maximum daily loss:
    • 4%

2-Step

  • Maximum daily loss:
    • 5%.

Minimum trading days

1-Step

  • Minimum:
    • 10 active trading days

2-Step

  • Minimum:
    • 3 active trading days.

A trading day counts if:

  • You open at least one position.

Unlimited evaluation time

You have:

  • Unlimited time to pass the challenge.

News trading rule

You may hold positions during news events, but you cannot:

  • Open or close trades within:
    • 3 minutes before or after major news releases.

Tick scalping restriction

Minimum hold times:

  • Standard instruments:
    • 2 minutes
  • High-volatility instruments (indices, BTCUSD, XAUUSD):
    • 5 minutes.

Profits from trades closed too quickly may be removed.

Prohibited strategies

You are not allowed to use:

  • Arbitrage trading
  • Grid trading
  • Martingale systems
  • Hedge trading
  • Tick scalping
  • Copy trading
  • Trade coordination
  • Third-party account management
  • Bots / EAs / AI automation
  • Gambling-style recovery trading.

One trade idea risk cap

If the combined loss from one trade idea exceeds:

  • 2% of the initial account balance

your account may be breached.

Inactivity rule

Your account may be terminated after:

  • 30 consecutive inactive days.

Reviews0

No reviews yet. Be the first!

spf-futures-logo