Does Bullwaves Prime pay out?
Yes, Bullwaves Prime pays, and we could verify it on-chain. The risk is not that the money never moves, it is what happens when a payout is large or contested. The firm publishes its own payout walle…
Bullwaves Prime at a glance
Bullwaves Prime is a proprietary trading firm based in Saint Vincent and the Grenadines.
- Account sizes on sale
- $5K – $400K
- Profit split to the trader
- 80%
- programmes, across 13 plans
- 2
- Cheapest plan
- $59
On the record
- Based in
- Saint Vincent and the Grenadines
- Trades through
- Bullwaves
- Platforms
- MetaTrader 5
- Instrument types
- Cfd
- Website
- bullwavesprime.com
- Evidence last checked
Pay for a plan with
- Credit/Debit Card
- Crypto
Get paid by
- Bank Wire Transfer
- Crypto
What Bullwaves Prime sells
13 plans in 2 programmes: 7 one-step evaluations and 6 two-step evaluations.
- Highest split · 1 Step Challenge
- 80%
- Most drawdown room · 2 Step Challenge
- 10%
- Fewest minimum days · 1 Step Challenge
- 10
- Highest leverage · 1 Step Challenge
- 1:50
1-step1 Step Challenge1-step7 sizes80%profit split
The rules
- Phase 1 target
- 10%
- Max drawdown
- 8% · Static
- Daily loss limit
- 4% · Trailing highest balance equity
- Minimum trading days
- 10
- Max leverage
- 1:50
- Payout schedule
- Every 15 calendar days, after at least 10 active trading days
- Fee refunded on passing
- No
On this programme
- News tradingAllowed
- Copy tradingNot allowed
- Expert advisors (EAs)Allowed
- Weekend holdingAllowed
- Overnight holdingAllowed
- Stop lossNot required
Account sizes
- $5K
- $10K
- $25K
- $50K
- $100K
- $200K
- $400K
Per-size prices are published on the firm’s site, not on this record.
2-step2 Step Challenge2-step6 sizes80%profit split
The rules
- Phase 1 target
- 8%
- Phase 2 target
- 5%
- Max drawdown
- 10% · Trailing, intraday
- Daily loss limit
- 5% · Trailing highest balance equity
- Minimum trading days
- 10
- Max leverage
- 1:50
- Payout schedule
- Every 15 calendar days, after at least 10 active trading days
- Fee refunded on passing
- No
On this programme
- News tradingAllowed
- Copy tradingNot allowed
- Expert advisors (EAs)Allowed
- Weekend holdingNot allowed
- Overnight holdingAllowed
- Stop lossNot required
Account sizes
- $5K
- $10K
- $25K
- $50K
- $100K
- $200K
Per-size prices are published on the firm’s site, not on this record.
Compare all 2 programmes side by side
| Programme | Type | Sizes | Split | Target | Max drawdown | Daily loss | Min days | Leverage | Fee refund |
|---|---|---|---|---|---|---|---|---|---|
| 1 Step Challenge | 1-step | $5K – $400K | 80% | 10% | 8% | 4% | 10 | 1:50 | No |
| 2 Step Challenge | 2-step | $5K – $200K | 80% | 8% | 10% | 5% | 10 | 1:50 | No |
Leverage by market
Every market trades at 1:50 on every programme.
| Market | 1-step | 2-step |
|---|---|---|
| FX | 1:50 | 1:50 |
| Indices | 1:50 | 1:50 |
| Metals | 1:50 | 1:50 |
| Crypto | 1:50 | 1:50 |
| Stocks | 1:50 | 1:50 |
How Bullwaves Prime pays
Traders keep 80% of their profits, paid out by Bank Wire Transfer and Crypto.
- Profit split
- 80%
- Payout methods
- 2
- Plans refunding the fee
- 0 of 13
- Payout schedules stated
- 1
Paid out by
- Bank Wire Transfer
- Crypto
Payout schedules, in the firm’s words
Every 15 calendar days, after at least 10 active trading days
1 Step Challenge and 2 Step Challenge
Payout policy
Payouts run on a fixed 15 day cycle and are reviewed in detail before each one is released.
- When you can request. The first payout becomes eligible 15 calendar days after the first trade is placed, and further payouts may be requested every 15 calendar days after that. Ten active trading days must be completed before any request, and all open positions must be closed at the time of the request.
- Processing. Requests are reviewed and paid within 2 to 5 business days, by bank wire or USDT-ERC20. Crypto withdrawals carry no fee. Bank wires carry a flat $30 charge per transaction. The minimum withdrawal is $50.
- The per cycle cap. The maximum gain eligible for the profit split in any single payout period is 6% of the funded account starting balance. Profit above that does not breach the account, but it is not included in the payout calculation. The cap resets after each payout.
- Lot size consistency. At the time of a request, every profitable trade must sit within a band running from the account average lot size minus 70% to the account average plus 100%, measured across all instruments. Profitable trades outside that band are removed from both the payout and the account balance, though the account stays active. Trades on the same instrument in the same direction within 10 minutes of each other are aggregated and assessed as one.
- While a request is open. The account is disabled during processing, so trading is not possible until the payout completes and the account is reactivated.
- Before the funded stage. KYC must be completed with a government issued ID or passport and a proof of address dated within the last 90 days.
- The evaluation fee. Once login credentials have been issued after a confirmed payment the sale is final, and the fee is not returned.
- Total allocation. A single trader may hold up to $2,000,000 in buying power.
What you can trade
5 asset classes, traded as CFDs.
Asset classes
- FX
- Indices
- Metals
- Crypto
- Stocks
Instrument types
- CFDs
What Bullwaves Prime lets you do
Across all 13 plans, as recorded programme by programme.
- News tradingAllowed on every plan
- Copy tradingNot allowed on any plan
- Expert advisors (EAs)Allowed on every plan
- Weekend holdingAllowed on 7 of 13 plans
- Overnight holdingAllowed on every plan
- Stop lossNot required on any plan
Bullwaves Prime runs its evaluations on MetaTrader 5 and applies one rulebook across both programs, with a small number of differences between the 1 Step and 2 Step routes.
- News trading. Holding positions through scheduled news events is permitted. Opening or closing a position within 3 minutes before or after a news release is not allowed.
- Weekend holding. On the 1 Step Challenge, opening, closing and holding positions over the weekend is permitted. On the 2 Step Challenge every position must be closed before market close on Friday. Simulated crypto trading over the weekend is available on funded accounts.
- Expert Advisors and trade copiers. Permitted during the challenge phases only. On funded accounts all automated strategies, trade copiers and scripted systems are prohibited.
- Copy trading. Using a personal copier to mirror your own trades onto your Prime account is permitted. Identical orders placed at identical times by two or more users on the platform trigger a violation: a first offence draws a warning, a second breaches the account. Copying signals, mirroring software and trading in synchronisation with other accounts are not allowed.
- Minimum trading days. Ten active trading days are required, in each phase of the 2 Step Challenge and again before a payout request. A valid trading day is any day on which at least one genuine position is opened, whether or not it is held overnight. Artificially small lot sizes used only to raise the day count may be treated as manipulation.
- Minimum hold time. Two minutes on standard instruments and five minutes on XAUUSD, BTCUSD and all indices. Profits from trades closed sooner may be cancelled and deducted.
- Time to complete. There is no deadline. Traders are given unlimited time to reach the profit target.
- Access. Multiple logins from different devices are permitted, though unusual IP patterns suggesting account sharing may be restricted.
Consistency rules
Bullwaves Prime enforces a profit consistency rule that caps how much of an account's total profit may come from a single trading day.
- On 1 Step Challenges, no single trading day's profit may represent 30% or more of total account profit.
- On 2 Step Challenges, no single trading day's profit may represent 40% or more of total account profit.
A day's profit is measured as the equity at the end of that day minus the equity at the end of the previous day. The test is (Highest Profit Day / Total Profit) x 100, and the result must stay below 30% on a 1 Step account and below 40% on a 2 Step account.
The rule is a mandatory condition for passing each challenge phase. If a single day exceeds the threshold, the account is not failed: the trader must keep trading and grow total profit until the highest profit day falls back below the limit.
It does not stop at the evaluation. The rule continues to apply once the account is funded and for the lifetime of the account, and it does not reset after a payout.
A separate lot size consistency rule applies at the moment of a payout request. Every profitable trade must fall between the account's average lot size minus 70% and that average plus 100%, calculated across all instruments on the account, so sizing differently on different instruments does not create separate bands. Profitable trades outside the range are excluded from both the payout and the account balance. For both consistency rules, trades opened on the same instrument in the same direction within 10 minutes of each other are aggregated and treated as a single trade.
Firm rules
Beyond the drawdown limits, Bullwaves Prime publishes a set of account conditions and prohibited strategies that apply from the first trade and are enforced continuously, not only at payout.
Account conditions
- Traders must be at least 18 years old, and KYC must be completed before the funded stage begins. A funded account is enabled within 3 business days of document verification.
- Only the registered account holder may trade the account. Third party account management, and the sharing, transfer or resale of credentials, breach the account.
- Multiple challenge accounts are allowed, but hedging between accounts is prohibited.
- A funded account left inactive for 30 consecutive days is suspended. Logging in without trading does not reset the timer, and a new evaluation phase may be required to resume.
- The maximum buying power allocated to a single trader is $2,000,000.
Prohibited strategies
- Arbitrage, including latency and triangular arbitrage and quote manipulation.
- Grid trading, meaning three or more sequential positions around a central price at fixed spacing without directional logic.
- Martingale, or exponentially increasing size after a loss to recover drawdown.
- Tick scalping, enforced through minimum hold times of 2 minutes on standard instruments and 5 minutes on XAUUSD, BTCUSD and indices.
- Tight limit orders placed around scheduled high impact events, and bracketing buy and sell pending orders around the market price before a known event.
- Hedging the same instrument long and short at once, including across multiple accounts.
- One sided betting, meaning repeated trades in a single direction on one asset without adaptation.
- Enlarging positions while already in drawdown in order to recover quickly.
- A maximum loss of 2% of the initial balance per single trade idea. Positions on the same instrument in the same direction, including a re-entry within 10 minutes of a previous position closing, count as one idea.
- Reckless risk to reward profiles. If more than 60% of trades show a negative risk to reward profile, the account is considered breached.
How breaches are handled
Accounts are monitored in real time and reviewed in detail before each payout, covering position timing and duration, lot size consistency, cross account correlation, drawdown adherence, automated execution patterns and directional bias. A soft breach does not close the account immediately: it may draw a warning, the removal of affected profits, a restriction on certain activity or a request for further verification. Repeated soft breaches, or deliberate attempts to work around the rules, escalate to a hard breach and permanent closure.
Where Bullwaves Prime does not take traders
Residents of 15 countries cannot open an account with Bullwaves Prime.
- Afghanistan
- Belarus
- Belgium
- Central African Republic
- China
- Cuba
- Iran
- Israel
- Libya
- Maldives
- Nicaragua
- North Korea
- Palestine
- United States
- Venezuela
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