# Aqua Funded vs Bull Waves

> Aqua Funded is the cheaper route to a $100,000 funded account at $429 against $549 for Bull Waves — a difference of $120. Across 8 directly comparable measures, Aqua Funded leads on 5 and Bull Waves on 2.

**Source:** https://propfirmpal.com/compare/aqua-funded-vs-bull-waves  
**Generated:** 2026-09-24  
**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 | Aqua Funded | Bull Waves |
| --- | --- | --- |
| Evaluation cost to a $100,000 account | $429 | $549 |
| Cheapest evaluation cost per $1,000 funded | $4.11 | $5.00 |
| Cheapest evaluation entry price | $29 | $59 |
| Instant funding to $100,000 | $750 | Not offered |
| Evaluation types offered | instant, 1-step, 2-step | 1-step, 2-step |
| Maximum advertised profit split | 100% | Not published |
| Phase 1 profit target | 5% | 8% |
| Account sizes sold | $500, $2,500, $5,000, $10,000, $25,000 +7 more | $5,000, $10,000, $25,000, $50,000, $100,000 +2 more |
| Daily drawdown limit | 3% | 4% |
| Maximum drawdown limit | 3% | 8% |
| Maximum drawdown style | Trailing | Trailing |
| Drawdown measured on | Equity | Not published |
| Payout frequency | Payout on demand | Every 15 calendar days; the first payout becomes eligible 15 calendar days after the first trade |
| Payout methods | Riseworks, Crypto | Bank wire, USDT-ERC20 |
| Payment methods accepted | Apple Pay, Credit Card, Debit Card, Crypto +1 more | Credit/debit card, Cryptocurrency |
| Trading platforms | cTrader, MatchTrader, Trade Locker, MT5 | MT5 |
| Instruments | Forex, Metals, Indices, Crypto +1 more | Not published |
| Maximum forex leverage | 1:100 | Not published |
| Community rating | 4.0/5 (10) | No reviews yet |
| Founded | 2023 | Not published |
| Company location | United Arab Emirates | Saint Vincent & the Grenadines (place of incorporation) |
| Prop Firm Pal verification | Verified | Sourced, not verified |

## Frequently asked questions

### Is Aqua Funded or Bull Waves cheaper?

Aqua Funded is cheaper for an evaluation to a $100,000 funded account at $429, against $549 for Bull Waves. Entry prices differ too — Aqua Funded starts at $29 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 Aqua Funded and Bull Waves?

Daily drawdown is 3% at Aqua Funded and 4% at Bull Waves. Maximum drawdown is 3% and 8% respectively. Both use a trailing maximum drawdown.

### What platforms do Aqua Funded and Bull Waves support?

Aqua Funded supports cTrader, MatchTrader, Trade Locker, MT5. Bull Waves supports MT5.

### Which is rated higher by traders, Aqua Funded or Bull Waves?

Aqua Funded scores 4.0/5 from 10 reviews and Bull Waves scores no reviews yet on Prop Firm Pal. Review scores are trader-submitted and are independent of any commercial relationship.

### Should I choose Aqua Funded or Bull Waves?

On the 8 directly comparable measures on this page, Aqua Funded leads on 5 and Bull Waves on 2, 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

- [Aqua Funded](https://propfirmpal.com/firms/verified/aqua-funded)
- [Bull Waves](https://propfirmpal.com/firms/unverified/bull-waves)
- [Every prop firm comparison](https://propfirmpal.com/compare)