# Bull Waves vs Funded Next

> Funded Next is the cheaper route to a $100,000 funded account at $400 against $549 for Bull Waves — a difference of $149. Across 8 directly comparable measures, Bull Waves leads on 2 and Funded Next on 5.

**Source:** https://propfirmpal.com/compare/bull-waves-vs-funded-next  
**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 | Bull Waves | Funded Next |
| --- | --- | --- |
| Evaluation cost to a $100,000 account | $549 | $400 |
| Cheapest evaluation cost per $1,000 funded | $5.00 | $3.99 |
| Cheapest evaluation entry price | $59 | $33 |
| Instant funding to $100,000 | Not offered | Not offered |
| Evaluation types offered | 1-step, 2-step | 2-step, 1-step, instant |
| Maximum advertised profit split | Not published | 95% |
| Phase 1 profit target | 8% | 4% |
| Account sizes sold | $5,000, $10,000, $25,000, $50,000, $100,000 +2 more | $2,000, $5,000, $6,000, $10,000, $15,000 +5 more |
| Daily drawdown limit | 4% | 3% |
| Maximum drawdown limit | 8% | 6% |
| Maximum drawdown style | Trailing | Trailing |
| Drawdown measured on | Not published | Equity |
| Payout frequency | Every 15 calendar days; the first payout becomes eligible 15 calendar days after the first trade | Bi-weekly |
| Payout methods | Bank wire, USDT-ERC20 | Not published |
| Payment methods accepted | Credit/debit card, Cryptocurrency | Credit/Debit Card, Cryptocurrency, Perfect Money, Bank Transfer |
| Trading platforms | MT5 | MT4, MT5, cTrader, MatchTrader +1 more |
| Instruments | Not published | Forex, Indices, Commodities, Crypto +1 more |
| Maximum forex leverage | Not published | 1:100 |
| Community rating | No reviews yet | 3.9/5 (8) |
| Founded | Not published | 2022 |
| Company location | Saint Vincent & the Grenadines (place of incorporation) | United Arab Emirates |
| Prop Firm Pal verification | Sourced, not verified | Verified |

## Frequently asked questions

### Is Bull Waves or Funded Next cheaper?

Funded Next is cheaper for an evaluation to a $100,000 funded account at $400, against $549 for Bull Waves. Entry prices differ too — Bull Waves starts at $59 and Funded Next at $33 — but those are for different account sizes, so they are not a like-for-like comparison.

### What is the difference in drawdown rules between Bull Waves and Funded Next?

Daily drawdown is 4% at Bull Waves and 3% at Funded Next. Maximum drawdown is 8% and 6% respectively. Both use a trailing maximum drawdown.

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

Bull Waves supports MT5. Funded Next supports MT4, MT5, cTrader, MatchTrader, Trade Locker.

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

Bull Waves scores no reviews yet and Funded Next scores 3.9/5 from 8 reviews on Prop Firm Pal. Review scores are trader-submitted and are independent of any commercial relationship.

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

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

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