Prove Your Skills, Unlock Funding

Our Challenge Accounts offer a structured approach for traders looking to demonstrate their expertise. Trade at your own pace with no pressure from time limits, and reach the profit target to unlock your funded account.

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Choose Your Best Account

1 Step Challenge
1-Phase
2 Step Challenge
2-Phase
5K
10K
25K
50K
100K
200K
400K
Phase 1
Funded
Scaling Target
10%
N/A
Min. Trading Days
10
10
Max Drawdown
8%
8%
Daily Drawdown
4%
4%
Asset
All assets
All assets
Leverage up to
1:50
1:50
5K - 1 Step Challenge

Take on the 5K Challenge and showcase your trading skills

$89
/ One time
Get Started With 5K Challenge
Add-ons available:
Higher Profit Share
+20%
Phase 1
Phase 2
Funded
Scaling Target
8%
5%
N/A
Phase 1
Funded
Scaling Target
10%
N/A
Min. Trading Days
10
10
Max Drawdown
8%
8%
Daily Drawdown
4%
4%
Asset
All assets
All assets
Leverage up to
1:50
1:50
10K - 1 Step Challenge

Take on the 10K Challenge and showcase your trading skills

$149
/ One time
Get Started With 10K Challenge
Add-ons available:
Higher Profit Share
+20%
Phase 1
Phase 2
Funded
Scaling Target
8%
5%
N/A
Phase 1
Funded
Scaling Target
10%
N/A
Min. Trading Days
10
10
Max Drawdown
8%
8%
Daily Drawdown
4%
4%
Asset
All assets
All assets
Leverage up to
1:50
1:50
25K - 1 Step Challenge

Take on the 25K Challenge and showcase your trading skills

$329
/ One time
Get Started With 25K Challenge
Add-ons avaliable:
Higher Profit Share
+20%
Phase 1
Funded
Scaling Target
10%
N/A
Min. Trading Days
10
10
Max Drawdown
8%
8%
Daily Drawdown
4%
4%
Asset
All assets
All assets
Leverage up to
1:50
1:50
50K - 1 Step Challenge

Take on the 50K Challenge and showcase your trading skills

$449
/ One time
Get Started With 50K Challenge
Add-ons available:
Higher Profit Share
+20%
Phase 1
Funded
Scaling Target
10%
N/A
Min. Trading Days
10
10
Max Drawdown
8%
8%
Daily Drawdown
4%
4%
Asset
All assets
All assets
Leverage up to
1:50
1:50
100K - 1 Step Challenge

Take on the 100K Challenge and showcase your trading skills

$649
/ One time
Get Started With 100K Challenge
Add-ons available:
Higher Profit Share
+20%
Phase 1
Funded
Scaling Target
10%
N/A
Min. Trading Days
10
10
Max Drawdown
8%
8%
Daily Drawdown
4%
4%
Asset
All assets
All assets
Leverage up to
1:50
1:50
200K - 1 Step Challenge

Take on the 200K Challenge and showcase your trading skills.

$1.199
/ One time
Get Started With 200K Challenge
Add-ons available:
Higher Profit Share
+20%
Phase 1
Funded
Scaling Target
10%
N/A
Min. Trading Days
10
10
Max Drawdown
8%
8%
Daily Drawdown
4%
4%
Asset
All assets
All assets
Leverage up to
1:50
1:50
400K - 1 Step Challenge

Take on the 400K Challenge and showcase your trading skills.

$2.199
/ One time
Get Started With 400K Challenge
Add-ons avaliable:
Higher Profit Share
+20%
5K
10K
25K
50K
100K
200K
Phase 1
Phase 2
Funded
Target
8%
5%
N/A
Trading Days
3
3
3
Max Drawdown
10%
10%
10%
Daily Drawdown
5%
5%
5%
EA's
Allowed
Allowed
Not Allowed
Asset
All assets
All assets
All assets
Leverage to
1:50
1:50
1:50
5K - 2 Step Challenge

Take on the 5K Challenge and showcase your trading skills.

$59
/ One time
Get Started With 5K Challenge
Add-ons avaliable:
Higher Profit Share
Trade on Weekends
No min trading days
First reward in 7 days
+20%
+10%
+15%
+15%
Phase 1
Phase 2
Funded
Scaling Target
8%
5%
N/A
Phase 1
Phase 2
Funded
Target
8%
5%
N/A
Trading Days
3
3
3
Max Drawdown
10%
10%
10%
Daily Drawdown
5%
5%
5%
EA's
Allowed
Allowed
Not Allowed
Asset
All assets
All assets
All assets
Leverage to
1:50
1:50
1:50
10K - 2 Step Challenge

Take on the 10K Challenge and showcase your trading skills.

$99
/ One time
Get Started With 10K Challenge
Add-ons available:
Higher Profit Share
Trade on Weekends
No min trading days
First reward in 7 days
+20%
+10%
+15%
+15%
Phase 1
Phase 2
Funded
Scaling Target
8%
5%
N/A
Phase 1
Phase 2
Funded
Target
8%
5%
N/A
Trading Days
3
3
3
Max Drawdown
10%
10%
10%
Daily Drawdown
5%
5%
5%
EA's
Allowed
Allowed
Not Allowed
Asset
All assets
All assets
All assets
Leverage to
1:50
1:50
1:50
25K - 2 Step Challenge

Take on the 25K Challenge and showcase your trading skills.

$199
/ One time
Get Started With 25K Challenge
Add-ons avaliable:
Higher Profit Share
Trade on Weekends
No min trading days
First reward in 7 days
+20%
+10%
+15%
+15%
Phase 1
Phase 2
Funded
Target
8%
5%
N/A
Trading Days
3
3
3
Max Drawdown
10%
10%
10%
Daily Drawdown
5%
5%
5%
EA's
Allowed
Allowed
Not Allowed
Asset
All assets
All assets
All assets
Leverage to
1:50
1:50
1:50
50K - 2 Step Challenge

Take on the 50K Challenge and showcase your trading skills.

$299
/ One time
Get Started With 50K Challenge
Add-ons avaliable:
Higher Profit Share
Trade on Weekends
No min trading days
First reward in 7 days
+20%
+10%
+15%
+15%
Phase 1
Phase 2
Funded
Target
8%
5%
N/A
Trading Days
3
3
3
Max Drawdown
10%
10%
10%
Daily Drawdown
5%
5%
5%
EA's
Allowed
Allowed
Not Allowed
Asset
All assets
All assets
All assets
Leverage to
1:50
1:50
1:50
100K - 2 Step Challenge

Take on the 100K Challenge and showcase your trading skills.

$549
/ One time
Get Started With 100K Challenge
Add-ons avaliable:
Higher Profit Share
Trade on Weekends
No min trading days
First reward in 7 days
+20%
+10%
+15%
+15%
Phase 1
Phase 2
Funded
Target
8%
5%
N/A
Trading Days
3
3
3
Max Drawdown
10%
10%
10%
Daily Drawdown
5%
5%
5%
EA's
Allowed
Allowed
Not Allowed
Asset
All assets
All assets
All assets
Leverage to
1:50
1:50
1:50
200K - 2 Step Challenge

Get Started with our 200K Challenge and start trading today!

$999
/ One time
Get Started With 200K Challenge
Add-ons available:
Higher Profit Share
Trade on Weekends
No min trading days
First reward in 7 days
+20%
+10%
+15%
+15%

Proven Results

Traders Who Took the Leap and Won Big
FUNDED
FUNDED
25 January 2026
$5,487.21
Reward
ETHAN B
UNITED KINGDOM
Account Size$100,000
FUNDED
FUNDED
24 January 2026
$9,862.44
Reward
MATTEO R
ITALY
Account Size$200,000
FUNDED
FUNDED
22 January 2026
$2,676.80
Reward
IFEANYI O
NIGERIA
Account Size$50,000
FUNDED
FUNDED
21 January 2026
$1,392.15
Reward
CARLA M
SPAIN
Account Size$25,000
FUNDED
FUNDED
20 January 2026
$5,931.00
Reward
HARRISON J
UNITED KINGDOM
Account Size$100,000
FUNDED
FUNDED
19 January 2026
$586.40
Reward
CHIARA S
ITALY
Account Size$10,000
FUNDED
FUNDED
18 January 2026
$11,743.92
Reward
ZAYD A
UNITED ARAB EMIRATES
Account Size$200,000
FUNDED
FUNDED
16 January 2026
$2,944.10
Reward
MIGUEL S
SPAIN
Account Size$50,000
FUNDED
FUNDED
15 January 2026
$4,908.67
Reward
NOAH K
CANADA
Account Size$100,000
FUNDED
FUNDED
14 January 2026
$2,713.55
Reward
DAVIDE L
ITALY
Account Size$50,000

The best features

No Time Limits

We give you the flexibility to trade without deadlines.
Key Benefits:

• Stress-Free Trading: Eliminate pressure

• Adaptable: Suits any trading style.
‍
• Consistency: Prioritize consistent performance without rushing.

Clear Rules

Trading rules designed to encourage long-term success
Key Benefits:

• Simplicity: Easy rules for all traders.

• Skill Development: Focus on sustainable growth.
‍
• Performance Rewards: Funding based on your success.

Up to 100% profit split

Upon completing the challenge, enjoy an industry-leading profit split
Key Benefits:

• Maximized Earnings: Retain 100% of your profits.

• Incentivized Success: Your performance directly impacts your earnings.
‍
• Scalable Growth: Expand your trading potential as you growth.

90% profit split

Upon completing the challenge, enjoy an industry-leading profit split
Key Benefits:

• Maximized Earnings: Retain 90% of your profits.

• Incentivized Success: Your performance directly impacts your earnings.
‍
• Scalable Growth: Expand your trading potential as you growth.

Our numbers speak for themselves

70.000+
Active Traders
4.8/5
Customer satisfaction
100%
Profit Split
0.01 pips
Average Spread
Features

Access to Industry-Leading Tools

As soon as you begin the challenge, you’ll have instant access to the MetaTrader 5 platform.

Real-Time Market Execution.
Advanced Trading Tools.
Mobile Compatibility.
Features

Why Choose BWP?

No Time Limits, Trade without deadlines.
High Profit Split Earn up to 100% profit share.
Scalability Grow your account up to $400K
Transparency Simple rules for smart trading.
Flexibility Freedom to trade with any strategy.
Low Costs Enjoy competitive fees
Bullwaves Prime is owned and operated by Moonance LLC, a company incorporated in Saint Vincent & the Grenadines, with registration no. 2141 LLC 2022 .
Bullwaves is the trading name of Equitex Capital Limited, a CFD broker company incorporated in the Seychelles under license number SD185, which serves as the technology provider for Bullwaves Prime.

Bullwaves Prime collaborates directly with individual professional athletes who are personally sponsored. We are not affiliated with or endorsed by the UFC organization. Our support includes promotional partnerships, brand sponsorships, and exclusive initiatives to empower athletes both inside and outside the octagon.

ETX Services Limited with company registration number HE455407, a company registered in Cyprus with registered address Archiepiskopou Makariou lll 160, 3026 Limassol is appointed as Independent Representative and Distributor.

Risk Disclaimer:

Over-the-counter derivatives are complex instruments and come with a high risk of losing your initial capital rapidly due to leverage. You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors.

When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. Equitex is not a financial advisor and all services are provided on an execution only basis. Information is of a general nature only and does not consider your financial objectives, needs or personal circumstances. Important legal documents in relation to our products and services are available on our website. You should read and understand these documents before applying for any Bullwaves products or services and obtain independent professional advice as necessary.

Regional Restrictions:

The information or services described on this website is not directed at or offered to residents of Belgium, Israel, Iran, Maldives, North Korea, United States, Afghanistan, Belarus, Central African Republic, China, Cuba, Libya, Nicaragua, Palestinian Authority/Gaza/West Bank, Venezuela and to jurisdictions on the FATF and EU/UN sanctions lists or any other person in any jurisdiction where such distribution or use would be contrary to local laws or regulations. For more information please contact our support. Clients who onboarded via www.bullwaves.com can contact our support team at support@bullwaves.com.For complaints please email us at legal@bullwaves.com

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Copyright © Equitex Capital Limited. All rights reserved. ‍