Bullwaves Prime is the first proprietary trading firm directly powered by a regulated broker, offering traders access to MetaTrader 5 (MT5) with both instant funding and challenge accounts.

Begin your mission by selecting one of the Trading Evaluation Package. Click “Get Started” under the account size that you would like to participate in. You will be then add the package to the Cart, where you can finalise the purchase. Once you purchase the package and insert all the required information, you will be emailed your login credentials for both the Dashboard and the MT5 trading account. From there, you will be able to sign in the BWP dashboard, where you will be able to see the purchased package and get more information regarding your trading account.  Remember to read through our FAQ for the specific trading objectives and rules before beginning.

We offer MetaTrader 5 (MT5), known for its advanced charting, algorithmic trading, and customizability, making it ideal for professional traders.

Minimum Trading Days refers to the number of unique days on which trades are opened, not closed.
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A day is counted as a trading day if a position is opened, regardless of whether it is closed on the same day or remains open.
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To meet the 5 Minimum Trading Days requirement, the client must open a trade on at least 5 separate calendar days.
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If a client has already reached the profit target before 5 minimum trading days, he is still required to trade for 5 separate calendar days in total at least.

Base leverage on all evaluation and funded accounts is set at 1:50.
Please have a close look at the contract sizing provided by the simulated price provider before beginning the program, as different instruments will carry different levels of margin on all trading accounts.

Each trader is granted unlimited time to pass the evaluation. Once the profit target is met, you can start the upgrade process into Step 2 or into your “experienced trader” commission eligible trading account in as soon as 1 trading day. The evaluation phase lasts as long as your trading strategy permits.

The profit target during the 2-Step evaluation is a 8% for the Step 1 and 5% for Step 2., calculated as a gain from the starting balance of the account. For example, if the starting balance is $100,000, your profit target is $8,000 in Step 1 and $5.000 in Step 2.  There is no profit target during the experienced trader stage.

All payouts are processed through Bank Wire or USDT-ERC20.When traders are eligible for commission payouts, they will have the option to receive performance commission payouts via:

USDT-ERC20 or Bank Wire.

Payouts are reviewed and sent to the trader within 2-5 full business days of the request, although our team will always process them as fast as possible.Fees is no fee on Crypto Withdrawal
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Bank Wire: $30 flat fee per transaction.
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The minimum amount for withdrawals is set at $50.

We suggest filling out the payout information the soonest to avoid further delays:For Crypto payouts: add your USDt (ERC20) address
For Bank wire: fill out the form with your bank detailsWe reserve the right to wait 24 hours before confirming the payout details for security reasons and to make sure that the details are correct.

Traders who sign up for traditional forex prop firms are not given real capital to use in their Trading platforms.When a trader reaches the “funded” stage of the programme, they begin trading in a simulated environment, for which they are rewarded commissions in exchange for positive performance during this level of the programme that is aligned with the programme rules.

During this stage, the trader is rewarded commissions for trading successfully.While a performance commission is paid to a paper trader during the “funded” stage, the trade data of "funded" traders can be monetized and used for further benefit by copy trading the data into BWP’s very own fund or using it as a signal provider by BWP.

This can be done while the performance commission is still being paid to the paper trader. This makes it possible for the trader to provide an offering to the company in the capacity of “data analyst,” making them eligible to receive commission payouts of 50%, 70%, or 80% while providing such services to BWP.

The exact percentages will vary depending on the value of each trader’s trading data, which will be determined by performance and regular commission payouts.There will be times when we will refer to the “experienced trader” stage as the “funded” stage.

Please take into consideration that any reference to a “funded” stage refers to a funded trading account with simulated live conditions.Forex prop firms are typically established on the principle of gamifying trading by means of a software that rewards traders under simulated market conditions.

Despite the fact that the simulated market is based on the same basic idea as the real market, the real market offers significantly greater potential rewards.You will not be able to withdraw or add additional funds in your trading account held with Bullwaves Prime

Whether your a fan of Support/Resistance, Candlestick Patterns, Trading Bots, Supply/Demand or Smart Money Concepts, you are free to use it on our simulated accounts.The most successful traders in the world all have different strategies/backgrounds, and we understand that.

Although we enforce no restrictions during the evaluation stage, using the following strategies/approaches during the "Funded" stage is prohibited and will be subject to review:Grid Trading or Grid Trading Softwares
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Martingale Trading Or Martingale Trading Tools.
Latency Arbitrage, Hedging Orders Across Multiple Accounts
Abusing The Volatility Of News By Placing Gauranteed Limit Order Fills.
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Any Use Of Delayed Data Feeds For Risk-Free Profit Copy Trading Among Multiple Users On Our Platform Account Management By A 3rd Party We want to be as open as possible when it comes to the trading styles that you can use while undertaking the program.

The strategies above are prohibited during the funded stage as they either cannot be replicated into the live market, thrive on demo conditions only, or are designed to game the system.

High frequency trading is not allowed

Prior to utilizing a trading bot or automated trading tool during the experienced trader stage, it is advisable for the trader to ascertain that the bot or trading style being used does not fall into any of the following categories.

We suggest that traders consult with the developer of the tool they plan to use before continuing with its usage during the experienced trader stage.

Below, we have provided the name and definition of the strategies to which attention must be paid if intending to use an automated trading tool on this program.

Grid Trading Or Grid Trading Tools: Grid trading is when orders are designed to be placed above and below a set price, creating a grid of orders that increase or decrease incrementally along with the chart price.  

Having 2 trades open at a time is not considered as grid trading, however, once there are 3 or more positions in the trading session with each following order stacked as the original position moves into drawdown, this classifies more towards grid trading.  The process for identifying Grid Trading most often than not follows the below-stated points: Determining the starting price for the grid.

Choosing an interval, such as 10 pips, 50 pips, or 100 pips. Determining whether the grid will be with-the-trend or against the trend.

Martingale Martingale is a methodology to amplify the chance of recovering from a losing streak by constantly increasing the lot size of new trades in order to circumvent any loss taken.This strategy involves doubling up losing trades and reducing winning trades by roughly half. Opening subsequent trades on an asset with a difference in ≈50% of the prior trade would result in martingale. EA’s which incrementally open higher lots while price moves against the direction of the orders adding up to a substantially higher lot size than the first would also classify as Martingale.

Guaranteed limit orders Placing limit orders with SL and TP using high lot sizes around periods of high-impact news or high volume.

In such a scenario, there is no guarantee that the order gets filled at the same price through live market conditions and occurrences of slippage.

For example, if a trader was to place a buy stop above price, and a sell stop below price before a high impact news event such as FOMC, this would classify as a guaranteed limit order approach. This type of approach is based on entirely different outcomes each time depending on order fills, slippage, and market conditions.  

To keep full transparency, the reason we do not allow Martingale or Grid Tools is due to the fact we allow a no-restriction evaluation, meaning the use of HFT allows trader to have access to experienced trader accounts at an exceedingly high passing rate.

If our program was built similar other funding programs, where traders must use true trading conditions to pass and not HFT, this would be different on our end and we would allow these types of strategies. Since a trader is offered guaranteed access through HFT, this is where the difference occurs from a risk standpoint.

Unfortunately, there are no exceptions to this as we do not allow these types of trading styles during the experienced trader stage. By purchasing an evaluation, the trader agrees that the above strategies will not be used while trading our program. Allowing a 3rd party service to install, connect, and manage a 3rd party trading tool or bot in any shape or form on your account is not allowed. You are allowed to trade your own bot and manage it from your own device.

The first payout on your funded account is eligible 7 days after your first trade as you need to trade at least for 7 days (minimum trading days).
All following payouts are eligible to be requested weekly.
All payouts are performance commission while trading a simulated market environment.
Please note that you can request the payouts only when all your positions are closed.

The Minumum Payouts is set to 50$

Profit Consistency: We apply a 30% Daily Profit Consistency Rule. Therefore, upon submitting a withdrawal request, no single day of trading may account for more than 30% of your total profits, and this applies strictly to profits, not PnL. For example, if at the end of a 15-day period your account reflects a total profit of $10,000, then no single day’s trading can exceed 30% of that amount, which is $3,000. Once a payout withdrawal request is submitted any trades breaching this rule will be considered a soft breach and we will remove the invalid trades while keeping account access. Additionally, no single trade can account for 30% or more of the total requested total profit. For example: If by the end of the 15 days period, your account has a total profit of $10,000, then no single trade can account for more than 30% of $10,000.

‍Lot Size Consistency: The Lot Size Consistency Rule is applied once a payout withdrawal request has been submitted, to ensure consistency within your trading. To satisfy the Lot Size Consistency Rule, your average trade size is used to calculate your trading range. The range is determined by adding 100% to your average trade size to determine the maximum value and subtracting 70% to determine the minimum value. Once a payout withdrawal request is submitted any trades breaching this rule will be considered a soft breach and we will remove the invalid trades while keeping account access.Note: trades are aggregated when placed within a 30 second window into one position for both profit and lot consistency

The funded account profit split will reach its limit once a trader has gained 6% from the starting balance of the account. Any positive trading after the 6% gain from the initial balance will not be eligible towards your profit split. Gaining beyond 6% will not break any rules, however these virtual profits would not be included in your withdrawal request. For example, if you trade continuously for up to $12,000 profit on a 200k account. The profit split will be based on any virtual profits generated up to this point. You would receive 50%, 70%, or 80% of the numeric value ($12,000 in this case) of the 6% profit on your funded account starting balance. The 6% maximum gain per payout applies based on the starting balance of the account, and resets after each payout. This has been introduced to maintain longevity, while accessing the community feedback of keeping traders around for the long term. This allows our traders to regularly receive payouts, without issues, and prevents traders from being prone to attempting high risk activities such as full margining before news or shooting for the moon with gambling-like approaches. Giving traders the sole focus of consistent payouts leads to higher quality trade data for us to access. Longevity is our focus.Maximum allocation of virtual funding has been increased to $2,000,000, allowing large payouts to remain a consistent opportunity for the trader. As maximum allocation of virtual funding is $2,000,000, the maximum gains able to be formed into a profit split at one time would be $120,000, which is still rather favourable. This would be done through a simultaneous gain of 6% on two separate 200k accounts.

All traders must be at least 18 years of age to sign up with Bullwaves Prime.

For each payout, expect minor transaction fees ranging from 1% to 2% for each cryptocurrency payout transaction. These fees are applied by the cryptocurrency exchange during the process of acquiring the digital assets designated for your payouts.

We do not accept clients residings in North Korea, United States, Israel, Belgium, Afghanistan, Belarus, Central African Republic, China, Iran, Russia, Cuba, Libya, Nicaragua, Palestinian Authority/Gaza/West Bank, Venezuela and in 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

You can purchase an evaluation through credit/debit card as well as crypto.

If you need assistance during any time throughout your funding journey with us, you can contact live support on our website, or email us at prime@bullwaves.com

After the payment of your evaluation plan is officially confirmed, you will receive an email with the login details to access your evaluation.  Once this information is emailed to you, the sale will be final and no refund will be issued due to the instantaneous nature of the program. For our 2-Step Challenge, traders are paid purely based on their simulated performance during the funded trader stage. We do not provide refunds after evaluations are passed.

We do not allow HFT in neither the challenge steps or funded accounts

Once a performance commission payout is requested, your account will be placed into the status of “In Review”, this can be visible on your dashboard. During this time, please refrain from taking any further trades until your commission payout is completed and or finished with the necessary review process.

Any simulated trading account associated with your name must be traded by the account owner registered with our platform. Using any form of “Live Simulated Account Management” is prohibited as this is not what Bullwaves Prime is looking for as a firm. Allowing a 3rd party service to trade the program on your behalf will end in a breach of your account.

There are a few rules that may result in termination of your account:
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– Violation of a Drawdown Metric (5% Equity Based Daily, or 10% Total Drawdown, Trailing of Balance or Highest Equity)

– Inactivity for 30 Days on your challenge or Funded Account.

– Third party Funded Account Management or Copy Trading with other users on the platform

After the evaluation stage is finished, and before our traders advance to the experienced trader stage, we require a KYC/AML screening to verify your identity. This must be done before they can move on to the next stage.The Know Your Customer procedure requires a photocopy of your identification document or passport, and a proof of address (utility bill or bank statement). As soon as your identity has been confirmed, you will be promoted to the experienced trader stage. This is the level at which you become eligible for commission-based payouts.When a trader finishes the evaluation stage and finishes the KYC process, their commission-eligible account is sent and enabled within 48 business hours of the trader’s completion of both of those processes.

You are not allowed to open or close positions 3 minutes before and after a news is released publicly.