Prop firms · Is it legit?
Is Bullwaves Prime legit?
Bullwaves Prime scores 3.7/5 on Trust and 3.1/5 on Payouts in the Tradoshi 2027 ranking, #187 of 276 with 62.3/100. No warning was found on the regulator lists checked.
Tradoshi 2027 ranking, data as of October 30, 2026. Methodology
Trustpilot warning ·
Breach of guidelines We’ve removed a number of fake reviews for this company.
What our checks show
High scores (4 or 5 out of 5)
- Regulator warnings
- Regulated execution partner
- Payout history and incidents
- Rule clarity
- Secure website
Low scores (1 or 2 out of 5)
- Honest marketing
- Payout frequency and first payout
- Withdrawal terms and methods
- Trader rating (Trustpilot and Google)
- Rules restricting how you trade
- Protected domain (SPF, DMARC, headers)
A low score reflects what the scale recorded on that criterion, not a fault by the firm: each criterion name links to its scale. These checks describe what was published on the dates shown. They guarantee neither a future payout nor that the rules stay the same: check with the firm before buying.
The detail, criterion by criterion
Company and regulators
| Criterion | Score | What was recorded |
|---|---|---|
| Regulator warnings | 5/5 | Not on the lists of the AMF, I-SCAN (IOSCO), ASIC, FINMA, CNMV or the CFTC RED List (source) Read on October 28, 2026 |
| Registered company and age | not applicable | Moonance LLC Read on October 29, 2026 |
| 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 . (source) Read on October 28, 2026 |
| 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. (source) Read on October 28, 2026 |
| Honest marketing | 1/5 | With Bullwaves Prime, you pay once and gain immediate access to trade real company funds. (source) Read on October 28, 2026 |
Payouts
| Criterion | Score | What was recorded |
|---|---|---|
| Public payout proof | 3/5 | FUNDEDFUNDED25 January 2026$5,487.21RewardETHAN BUNITED KINGDOMAccount Size$100,000 (source) Read on October 28, 2026 |
| Published processing time | 3/5 | All payouts are processed via Bank Wire or USDT-ERC20 within 2–5 business days of request. (source) Read on October 28, 2026 |
| Payout frequency and first payout | 2/5 | Subsequent payouts may be requested every 15 calendar days. (source) Read on October 28, 2026 |
| 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. (source) Read on October 28, 2026 |
| Payout history and incidents | 4/5 | – Read on October 28, 2026 |
Trader reviews
| Criterion | Score | What was recorded |
|---|---|---|
| Trader rating (Trustpilot and Google) | 2/5 | Trustpilot 3.5 from 677 reviews (source) Read on October 28, 2026 |
| Number of reviews | 3/5 | 677 reviews (source) Read on October 28, 2026 |
| Suspicious review warning | 3/5 | Warning shown by Trustpilot on the profile (source) Read on October 28, 2026 |
Rules
| Criterion | Score | What was recorded |
|---|---|---|
| Rule clarity | 5/5 | 14/14 rules documented (source) Read on October 28, 2026 |
| Rules restricting how you trade | 2/5 | – (source) Read on October 28, 2026 |
Website security
| Criterion | Score | What was recorded |
|---|---|---|
| Secure website | 5/5 | certificate valid for 72 more days Read on October 28, 2026 |
| Protected domain (SPF, DMARC, headers) | 2/5 | 2 points out of 5 (SPF, HSTS) Read on October 28, 2026 |
Frequently asked questions
Is Bullwaves Prime regulated?
A prop firm usually sells an evaluation program and is not a licensed broker. The company name recorded is Moonance LLC, St. Vincent & Grenadines. No warning was found on the regulator lists checked.
Does Bullwaves Prime pay its traders?
Its Payouts pillar scores 3.1/5: it measures what is published on proof, timing, frequency and payout incidents. It does not guarantee a future payout.
What do reviews say about Bullwaves Prime?
Trustpilot 3.5 from 677 reviews. The Reviews pillar scores 2.7/5.
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