# Alpha Futures vs Bull Waves

> Alpha Futures is the cheaper route to a $100,000 funded account at $239 against $549 for Bull Waves — a difference of $310. Across 7 directly comparable measures, Alpha Futures leads on 3 and Bull Waves on 3.

**Source:** https://propfirmpal.com/compare/alpha-futures-vs-bull-waves  
**Generated:** 2026-09-25  
**Publisher:** Prop Firm Pal — independent prop firm comparison

_Prop Firm Pal earns affiliate commission from some listed firms. This is disclosed on-site and does not affect the computed ranking order._

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## Side by side

| Measure | Alpha Futures | Bull Waves |
| --- | --- | --- |
| Evaluation cost to a $100,000 account | $239 | $549 |
| Cheapest evaluation cost per $1,000 funded | $2.33 | $5.00 |
| Cheapest evaluation entry price | $89 | $59 |
| Instant funding to $100,000 | $689 | Not offered |
| Evaluation types offered | 1-step, instant | 1-step, 2-step |
| Maximum advertised profit split | 90% | Not published |
| Phase 1 profit target | 6% | 8% |
| Account sizes sold | $25,000, $50,000, $100,000, $150,000 | $5,000, $10,000, $25,000, $50,000, $100,000 +2 more |
| Daily drawdown limit | 2% | 4% |
| Maximum drawdown limit | 3.5% | 8% |
| Maximum drawdown style | Not published | Trailing |
| Drawdown measured on | Not published | Not published |
| Payout frequency | Up to 4 times a month on Zero, Standard and Advanced accounts, after every 5 winning days of $200 or more; on Direct accounts, whenever the withdrawal profit target and 20% consistency rule are met | Every 15 calendar days; the first payout becomes eligible 15 calendar days after the first trade |
| Payout methods | ACH (US bank accounts), Wire transfer, SWIFT, Wise +1 more | Bank wire, USDT-ERC20 |
| Payment methods accepted | Not published | Credit/debit card, Cryptocurrency |
| Trading platforms | AlphaTrader, TradingView, WealthCharts, Deepchart +1 more | MT5 |
| Instruments | CME futures, CBOT futures, NYMEX futures, COMEX futures +1 more | Not published |
| Maximum forex leverage | Not published | Not published |
| Community rating | No reviews yet | No reviews yet |
| Founded | Not published | Not published |
| Company location | United Kingdom | Saint Vincent & the Grenadines (place of incorporation) |
| Prop Firm Pal verification | Sourced, not verified | Sourced, not verified |

## Frequently asked questions

### Is Alpha Futures or Bull Waves cheaper?

Alpha Futures is cheaper for an evaluation to a $100,000 funded account at $239, against $549 for Bull Waves. Entry prices differ too — Alpha Futures starts at $89 and Bull Waves at $59 — but those are for different account sizes, so they are not a like-for-like comparison.

### What is the difference in drawdown rules between Alpha Futures and Bull Waves?

Daily drawdown is 2% at Alpha Futures and 4% at Bull Waves. Maximum drawdown is 3.5% and 8% respectively. Alpha Futures uses a not published maximum drawdown while Bull Waves uses a trailing one — a trailing limit follows your peak balance and is materially harder to trade around than a static one fixed to your starting balance.

### What platforms do Alpha Futures and Bull Waves support?

Alpha Futures supports AlphaTrader, TradingView, WealthCharts, Deepchart, Quantower. Bull Waves supports MT5.

### Should I choose Alpha Futures or Bull Waves?

On the 7 directly comparable measures on this page, Alpha Futures leads on 3 and Bull Waves on 3, with 1 tied. Which of those measures matters depends on how you trade: cost matters most if you expect to need several attempts, drawdown style matters most if you hold positions overnight, and payout terms matter most once you are funded. Prop Firm Pal does not recommend one firm over another, and earns affiliate commission from some listed firms.

## Related pages

- [Alpha Futures](https://propfirmpal.com/firms/unverified/alpha-futures)
- [Bull Waves](https://propfirmpal.com/firms/unverified/bull-waves)
- [Every prop firm comparison](https://propfirmpal.com/compare)