Bullwaves Prime: the verified review
As of October 29, 2026, Bullwaves Prime scores 57.2 out of 100 in the 2027 prop firm ranking: #189 of 272 internationally, #142 of 198 in forex and CFDs, #100 of 142 in crypto and #53 of 70 in stocks. Trust score: 66.6 out of 100. Regulators: not on the lists of the AMF, I-SCAN (IOSCO), ASIC, FINMA, CNMV or the CFTC RED List, as read on October 28, 2026.
2027 edition · updated October 29, 2026 · next updates planned for December 2026 and January 2027 · Ranking methodology
Breach of guidelines We’ve removed a number of fake reviews for this company.
The rating, criterion by criterion
| Criterion | Score | What was found | Source | Read on |
|---|---|---|---|---|
| Trust · 30 % · 3.33/5 | ||||
| 1. Regulator warnings | 5/5 | Not on the lists of the AMF, I-SCAN (IOSCO), ASIC, FINMA, CNMV or the CFTC RED List | iosco.org | Oct 28, 2026 |
| 2. Registered company and age | n/a | Moonance LLC | Oct 29, 2026 | |
| 3. Identity and contact | 3/5 | Bullwaves Prime is owned and operated by Moonance LLC, a company incorporated in Saint Vincent & the Grenadines, with registration no. 2141 LLC 2022 . | prime.bullwaves.com | Oct 28, 2026 |
| 4. Regulated execution partner | 4/5 | Bullwaves is the trading name of Equitex Capital Limited, a CFD broker company incorporated in the Seychelles under license number SD185, which serves as the technology provider for Bullwaves Prime. | prime.bullwaves.com | Oct 28, 2026 |
| 5. Honest marketing | 1/5 | With Bullwaves Prime, you pay once and gain immediate access to trade real company funds. | prime.bullwaves.com | Oct 28, 2026 |
| 6. Secure website | 5/5 | certificate valid for 72 more days | Oct 28, 2026 | |
| 7. Protected domain (SPF, DMARC, headers) | 2/5 | 2 points out of 5 (SPF, HSTS) | Oct 28, 2026 | |
| Payouts · 25 % · 2.80/5 | ||||
| 8. Public payout proof | 3/5 | FUNDEDFUNDED25 January 2026$5,487.21RewardETHAN BUNITED KINGDOMAccount Size$100,000 | prime.bullwaves.com | Oct 28, 2026 |
| 9. Published processing time | 3/5 | All payouts are processed via Bank Wire or USDT-ERC20 within 2–5 business days of request. | prime.bullwaves.com | Oct 28, 2026 |
| 10. Payout frequency and first payout | 2/5 | Subsequent payouts may be requested every 15 calendar days. | prime.bullwaves.com | Oct 28, 2026 |
| 11. Withdrawal terms and methods | 2/5 | The maximum gain eligible for profit split in any single payout period is 6% of the funded account starting balance. | prime.bullwaves.com | Oct 28, 2026 |
| 12. Payout history and incidents | 4/5 | Oct 28, 2026 | ||
| Trader reviews · 20 % · 2.67/5 | ||||
| 13. Trader rating (Trustpilot and Google) | 2/5 | Trustpilot 3.5 from 677 reviews | trustpilot.com | Oct 28, 2026 |
| 14. Number of reviews | 3/5 | 677 reviews | trustpilot.com | Oct 28, 2026 |
| 15. Suspicious review warning | 3/5 | Warning shown by Trustpilot on the profile · Breach of guidelines We’ve removed a number of fake reviews for this company. | trustpilot.com | Oct 28, 2026 |
| 16. 12-month trend | n/a | Reserved criterion, not rated in 2027 | ||
| Trading conditions · 15 % · 2.83/5 | ||||
| 17. Rule clarity | 5/5 | 14/14 rules documented | prime.bullwaves.com | Oct 28, 2026 |
| 18. Cost of a $100,000 account | 2/5 | 100K - 1 Step ChallengeTake on the 100K Challenge and showcase your trading skills$649/ One time | prime.bullwaves.com | Oct 28, 2026 |
| 19. Profit target relative to maximum loss | 4/5 | The limit is 10% for 2 Step Challenges and 8% for 1 Step Challenges. | prime.bullwaves.com | Oct 28, 2026 |
| 20. Drawdown type | 1/5 | The Maximum Drawdown is calculated based on the applicable account limit. | prime.bullwaves.com | Oct 28, 2026 |
| 21. Rules restricting how you trade | 2/5 | consistency rule during the evaluation, consistency rule on the funded account, news trading banned, EAs or bots banned and more than 5 minimum trading days | prime.bullwaves.com | Oct 28, 2026 |
| 22. What the trader keeps: split and fees | 3/5 | Successful traders retain up to 80% of profits. | prime.bullwaves.com | Oct 28, 2026 |
| Visibility · 10 % · 2.00/5 | ||||
| 23. Track record | 3/5 | Domain created on 2024-11-27 | Oct 28, 2026 | |
| 24. Websites linking to it | 2/5 | Rank 6,681,509 of 134,979,706 domains | commoncrawl.org | Oct 28, 2026 |
| 25. Press mentions, Wikipedia page | not rated | |||
| 26. Audience | 1/5 | 566 YouTube subscribers | youtube.com | Oct 28, 2026 |
Quotes are copied word for word from the firm's public pages, in their language. “n/a”: not applicable, the criterion is left out of its pillar. “Not verified”: the data cannot be found in public sources, and the criterion counts as 1 for as long as that remains the case.
Frequently asked questions
Is Bullwaves Prime legit?
As of October 29, 2026, Bullwaves Prime has a trust score of 66.6 out of 100 in the 2027 prop firm ranking. This score covers regulator warnings, the company register, the identity shown, the execution partner, marketing and website security. It is not on the warning lists consulted (AMF, IOSCO I-SCAN, ASIC, FINMA, CNMV and the CFTC RED List). Trustpilot shows a warning on its profile; it is taken into account in the reviews pillar. This score describes what is published and verifiable at that date; it does not guarantee future payouts.
How does Bullwaves Prime rank in 2027?
Bullwaves Prime ranks #189 of 272 in the 2027 international prop firm ranking, with 57.2 out of 100, and #142 of 198 in forex and CFDs, #100 of 142 in crypto and #53 of 70 in stocks.
How much does a $100,000 account cost at Bullwaves Prime?
For the programme read, 1 Step Challenge, a $100,000 account costs about $649, activation fees included, at list price without a promo code, as read on October 28, 2026. Prices change often: check the firm's website before buying.
How does Bullwaves Prime pay out?
According to its public pages, as read on October 28, 2026: stated processing time, “All payouts are processed via Bank Wire or USDT-ERC20 within 2–5 business days of request.”; first payout and frequency, “Subsequent payouts may be requested every 15 calendar days.”; withdrawal methods, “The maximum gain eligible for profit split in any single payout period is 6% of the funded account starting balance.”. These terms change often: check them on the firm's website before buying.
Which trading platforms does Bullwaves Prime offer?
According to its public pages, Bullwaves Prime offers MetaTrader 5 (MT5) (markets: Forex and CFDs, Crypto, Stocks).
What are the alternatives to Bullwaves Prime?
In forex and CFDs, the higher-ranked prop firms are FTMO (77.6), FundedNext (74.0), The5ers (73.8), FXIFY (73.6) and City Traders Imperium (73.5).
Where do these scores come from?
Each score comes from a scale published in the ranking methodology, applied to a public source: regulator lists, company registers, the firm's public pages, Trustpilot, Google, Common Crawl, GDELT, Wikipedia, YouTube. Each criterion shows its source and date above. The ranking cannot be bought: no payment, partnership or promo code enters into a score, and these pages carry no affiliate link. Tradoshi connects the accounts of many prop firms to its trading journal and offers a plan to prop firms: none of this enters into the ranking.
Rating history
- October 29, 2026 · First rating: 57.2/100, #189 internationally.
Every change in score, rank or criterion score is dated here, most recent first; no entry is ever deleted.
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A score to correct?
The firm can request the re-evaluation of a criterion, with a fact and evidence, at contact@tradoshi.com; every correction is dated.