# Bull Waves — rules, pricing and payouts

> Bull Waves — proprietary trading firm tracked by Prop Firm Pal.

**Source:** https://propfirmpal.com/firms/unverified/bull-waves  
**Generated:** 2026-10-07  
**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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## Key terms
| Field | Value |
| --- | --- |
| Verification | Sourced from the firm’s own website, not verified |
| Community rating | no reviews yet |
| Evaluation types | not published |
| Cost to a $100,000 funded account | not published |
| Cheapest entry price | not published |
| Instant funding | not offered |
| Account sizes | not published |
| Maximum profit split | not published |
| Phase 1 profit target | not published |
| Daily drawdown | not published |
| Maximum drawdown | not published |
| Platforms | not published |
| Instruments | not published |
| Payment methods | not published |
| Payout methods | not published |
## Is Bull Waves legit?

Prop Firm Pal has not verified Bull Waves, so this is not an endorsement: it is what the record shows. Its own pages name the operating company as Moonance LLC, in Saint Vincent & the Grenadines (place of incorporation). Its website has been active in Prop Firm Pal's monthly traffic record since May 2026, and traffic over the last three months is steady. Its payout policy is published, and summarised on the Payouts tab.

| Record | What we hold |
| --- | --- |
| Company | Moonance LLC |
| Headquarters | Saint Vincent & the Grenadines (place of incorporation) |
| In our traffic record | Since May 2026 (4 months) |
| Traffic, last three months | Steady (-9% to August 2026) |

- Company: "Bullwaves Prime is owned and operated by Moonance LLC, a company incorporated in Saint Vincent & the Grenadines, with registration no. 2141 LLC 2022" — https://www.prime.bullwaves.com/trading-rules

## What this firm publishes

Bullwaves Prime is the prop firm launched by Bullwaves, a forex and CFD broker, and it leans on that link: Bullwaves (Equitex Capital Limited, licence number SD185 in the Seychelles) is named as its technology provider, while the prop firm itself is operated by Moonance LLC in Saint Vincent & the Grenadines. Traders buy a 1-step or 2-step challenge and trade on MetaTrader 5 only. Price cards list 1-step challenges from $5,000 to $400,000 and 2-step challenges from $5,000 to $200,000, and the Bullwaves Prime rules page sets a profit split of up to 80% on the funded account, with total allocation capped at $2,000,000. Residents of the United States, Belgium, China, Israel, Iran and several other countries are not accepted.

The 1-step challenge sets a 10% profit target with a 4% daily drawdown and an 8% maximum drawdown. The 2-step asks for 8% in phase 1 and 5% in phase 2, with a 5% daily and 10% maximum drawdown plus a trailing drawdown that follows the highest equity and never moves back down. Both need at least 10 active trading days per phase and have no time limit. Daily drawdown is equity-based from the day's highest equity and resets at 17:00 EST. The rules most likely to breach an account: a consistency rule (no single day may reach 30% of total profit on the 1-step or 40% on the 2-step, for the life of the account), a 2% maximum loss per trade idea, minimum hold times of 2 minutes (5 minutes on XAUUSD, BTCUSD and indices), no opening or closing trades within 3 minutes of news, and no weekend holding on the 2-step. EAs and trade copiers are allowed in the challenge but banned on funded accounts, and hedging, martingale, grid and arbitrage are prohibited.

The first payout becomes eligible 15 calendar days after the first trade, then every 15 calendar days, after at least 10 active trading days. Payouts go by bank wire, with a $30 fee, or USDT-ERC20 with no fee, within 2–5 business days and with a $50 minimum; profit counted toward each payout is capped at 6% of the starting balance per period. Challenges cost from $59 for the $5,000 2-step to $2,199 for the $400,000 1-step, paid by card or crypto, and the sale is final once login credentials are issued.

_Compiled from Bull Waves's own published pages, retrieved 2026-09-14. Not independently verified by Prop Firm Pal._

| Field | Value | Source |
| --- | --- | --- |
| legalName | Moonance LLC | [published page](https://www.prime.bullwaves.com/trading-rules) |
| headquarters | Saint Vincent & the Grenadines (place of incorporation) | [published page](https://www.prime.bullwaves.com/trading-rules) |
| broker | Bullwaves (Equitex Capital Limited) | [published page](https://www.prime.bullwaves.com/trading-rules) |
| platforms | MetaTrader 5 | [published page](https://www.prime.bullwaves.com/trading-rules) |
| availableAssets | Forex, Stocks, Crypto, Commodities | [published page](https://www.prime.bullwaves.com/) |
| paymentMethods | Credit/debit card, Cryptocurrency | [published page](https://www.prime.bullwaves.com/trading-rules) |
| payoutMethods | Bank wire, USDT-ERC20 | [published page](https://www.prime.bullwaves.com/trading-rules) |
| payoutFrequency | Every 15 calendar days; the first payout becomes eligible 15 calendar days after the first trade | [published page](https://www.prime.bullwaves.com/trading-rules) |
| restrictedCountries | Belgium, Israel, Iran, Maldives, North Korea, United States, Afghanistan, Belarus, Central African Republic, China, Cuba, Libya, Nicaragua, Palestinian Authorit | [published page](https://www.prime.bullwaves.com/trading-rules) |
| maxProfitSplitPercent | 80 | [published page](https://www.prime.bullwaves.com/trading-rules) |
| consistencyRulePercent | 30 | [published page](https://www.prime.bullwaves.com/trading-rules) |
| positioning | The prop firm launched by the forex broker Bullwaves | [published page](https://www.prime.bullwaves.com/trading-rules) |
| maxAccountSize | 400000 | [published page](https://www.prime.bullwaves.com/pricing) |
| maxAllocation | 2000000 | [published page](https://www.prime.bullwaves.com/trading-rules) |
| refundPolicy | No refund once login credentials have been issued after a confirmed payment | [published page](https://www.prime.bullwaves.com/trading-rules) |
| inactivityPolicy | Funded accounts inactive for 30 consecutive days are suspended; logging in does not reset the timer and a new evaluation may be required | [published page](https://www.prime.bullwaves.com/trading-rules) |
| kycRequirements | Before the funded stage: government-issued ID or passport and proof of address dated within 90 days; age 18+ | [published page](https://www.prime.bullwaves.com/trading-rules) |
| minPayoutAmount | $50 | [published page](https://www.prime.bullwaves.com/trading-rules) |
| payoutProcessingTime | 2–5 business days from the request | [published page](https://www.prime.bullwaves.com/trading-rules) |
| supportChannels | Live chat, Contact form | [published page](https://www.prime.bullwaves.com/trading-rules) |
| fees | [object Object] | [published page](https://www.prime.bullwaves.com/trading-rules) |
| rules | [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object Object], [object | — |
| plans | 13 plans | [published page](https://www.prime.bullwaves.com/pricing) |

## Frequently asked questions

### What is Bullwaves Prime's profit split?

The Bullwaves Prime rules page gives a profit split of up to 80% on the funded account, after passing the challenge and completing KYC. Profit eligible for the split in each payout period is capped at 6% of the funded account's starting balance; profit above that is not paid but does not breach the account.

### How much does a Bullwaves Prime challenge cost?

The 2-step challenge costs $59 for $5,000, $99 for $10,000, $199 for $25,000, $299 for $50,000, $549 for $100,000 and $999 for $200,000. The 1-step costs $89, $149, $329, $449, $649 and $1,199 for the same sizes, and $2,199 for $400,000, each paid once.

### What are the Bullwaves Prime challenge rules?

The 1-step challenge needs a 10% profit target with a 4% daily and 8% maximum drawdown. The 2-step needs 8% in phase 1 and 5% in phase 2 with a 5% daily and 10% maximum drawdown, and both need at least 10 active trading days per phase with no time limit.

### What are the Bullwaves Prime drawdown rules?

Daily drawdown is 4% on the 1-step and 5% on the 2-step, measured on equity from the day's highest equity and reset at 17:00 EST. Maximum drawdown is 8% and 10%, and the 2-step also has a trailing drawdown that follows the highest equity and does not move back down.

### Does Bullwaves Prime have a consistency rule?

Yes. No single day's profit may reach 30% of total profit on the 1-step or 40% on the 2-step, and the rule applies in the challenge and for the life of the funded account without resetting after payouts. A separate lot size rule excludes profitable trades far from the account's average lot size at payout.

### Does Bullwaves Prime allow news trading?

Partly. Holding positions through scheduled news is permitted, but opening or closing positions within 3 minutes before or after a release is not, and bracketing a news event with pending orders is prohibited.

### Does Bullwaves Prime allow EAs and copy trading?

Only in the challenge. EAs and trade copiers are permitted during the challenge phase and prohibited on funded accounts; a personal copier mirroring your own trades is allowed, but copying signals or other users is not.

### How do Bullwaves Prime payouts work?

The first payout becomes eligible 15 calendar days after the first trade, then every 15 calendar days, after at least 10 active trading days and with all positions closed. Payouts are sent by bank wire ($30 fee) or USDT-ERC20 (no fee) within 2–5 business days, with a $50 minimum.

### Does Bullwaves Prime refund the challenge fee?

No. Once login credentials have been issued after a confirmed payment, the sale is final and no refund is issued.

### Which countries are restricted at Bullwaves Prime?

Bullwaves Prime is not offered to residents of the United States, Belgium, Israel, Iran, Maldives, North Korea, Afghanistan, Belarus, Central African Republic, China, Cuba, Libya, Nicaragua, Palestinian Authority/Gaza/West Bank and Venezuela, or to jurisdictions on FATF and EU/UN sanctions lists.

### Is Bullwaves Prime legit?

Bullwaves Prime is operated by Moonance LLC, registration no. 2141 LLC 2022 in Saint Vincent & the Grenadines, and names the broker Bullwaves (Equitex Capital Limited, licence number SD185 in the Seychelles) as its technology provider. Its legal page states that funded accounts are fully simulated, not live trading accounts.

### Does Bullwaves Prime have a time limit?

No. Traders have unlimited time to complete the evaluation, but a funded account inactive for 30 consecutive days is suspended and may require a new evaluation.

## Related pages
- [Bull Waves rules](https://propfirmpal.com/firms/unverified/bull-waves/rules) — markdown: https://propfirmpal.com/firms/unverified/bull-waves/rules.md
- [Bull Waves payouts](https://propfirmpal.com/firms/unverified/bull-waves/payouts) — markdown: https://propfirmpal.com/firms/unverified/bull-waves/payouts.md
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- [Bull Waves web traffic history](https://propfirmpal.com/firms/unverified/bull-waves/traffic)