# Bull Waves vs Funded Squad

> Bull Waves is the cheaper route to a $100,000 funded account at $549 against $649 for Funded Squad — a difference of $100. Across 8 directly comparable measures, Bull Waves leads on 5 and Funded Squad on 1.

**Source:** https://propfirmpal.com/compare/bull-waves-vs-funded-squad  
**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 Squad |
| --- | --- | --- |
| Evaluation cost to a $100,000 account | $549 | $649 |
| Cheapest evaluation cost per $1,000 funded | $5.00 | $6.00 |
| Cheapest evaluation entry price | $59 | $79 |
| Instant funding to $100,000 | Not offered | $1,299 |
| Evaluation types offered | 1-step, 2-step | 1-step, 2-step, instant |
| Maximum advertised profit split | Not published | 80% |
| Phase 1 profit target | 8% | 6% |
| Account sizes sold | $5,000, $10,000, $25,000, $50,000, $100,000 +2 more | $2,500, $5,000, $7,500, $10,000, $12,500 +6 more |
| Daily drawdown limit | 4% | 3% |
| Maximum drawdown limit | 8% | 5% |
| Maximum drawdown style | Trailing | Trailing |
| Drawdown measured on | Not published | Not published |
| Payout frequency | Every 15 calendar days; the first payout becomes eligible 15 calendar days after the first trade | Bi-weekly on the 1-step and 2-step challenges (on demand or weekly with add-ons); on demand on Instant Lite and 1-Step Pro; every 5 days on Instant Pro; daily on Instant Rapid |
| Payout methods | Bank wire, USDT-ERC20 | Crypto, Rise |
| Payment methods accepted | Credit/debit card, Cryptocurrency | Visa, Mastercard, American Express, Apple Pay, Google Pay, PayPal, UPI +1 more |
| Trading platforms | MT5 | MT5, MatchTrader, cTrader |
| Instruments | Not published | Forex, Metals, Commodities, Crypto +2 more |
| Maximum forex leverage | Not published | Not published |
| Community rating | No reviews yet | 4.0/5 (1) |
| Founded | Not published | Not published |
| Company location | Saint Vincent & the Grenadines (place of incorporation) | Not published |
| Prop Firm Pal verification | Sourced, not verified | Sourced, not verified |

## Frequently asked questions

### Is Bull Waves or Funded Squad cheaper?

Bull Waves is cheaper for an evaluation to a $100,000 funded account at $549, against $649 for Funded Squad. Entry prices differ too — Bull Waves starts at $59 and Funded Squad at $79 — 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 Squad?

Daily drawdown is 4% at Bull Waves and 3% at Funded Squad. Maximum drawdown is 8% and 5% respectively. Both use a trailing maximum drawdown.

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

Bull Waves supports MT5. Funded Squad supports MT5, MatchTrader, cTrader.

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

On the 8 directly comparable measures on this page, Bull Waves leads on 5 and Funded Squad on 1, with 2 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 Squad](https://propfirmpal.com/firms/unverified/funded-squad)
- [Every prop firm comparison](https://propfirmpal.com/compare)