Minimum Trading Days refers to the number of unique days on which trades are opened, not necessarily closed.

A day counts as a valid trading day if at least one position is opened, even if it remains open overnight.

‍Requirements:For both the 1-Step and 2-Step challenges: minimum 10 active trading days

‍These same 10 trading days are also required to request any payoutIf the profit target is reached before completing 10 trading days, the trader must continue trading until the minimum is met, otherwise, the challenge will not be marked as passed and payouts will not be eligible.

This rule ensures consistency and helps simulate real-world trading discipline over time.

• 2-Step Evaluation: 8% (Step 1) and 5% (Step 2)

• 1-Step Evaluation: 10% Based on gain from the initial account balance.

Example: On a $100,000 account, the profit target is $8,000 for Step 1 and $5,000 for Step 2. No target exists during the funded stage.

1:50 leverage for all accounts Contract sizing varies per instrument and should be checked before trading.

Each trader is granted unlimited time to pass the evaluation. Once the profit target is met, you can start the upgrade process into Step 2 or into your “experienced trader”.

Once a performance commission payout is requested, you will be able to trade but please bear in mind that if you fail the challenge with a pending payout, the pending payout request will be rejected.

Any simulated trading account associated with your name must be traded by the account owner registered with our platform. Using any form of “Live Simulated Account Management” is prohibited, as this is not what Bullwaves Prime is looking for as a firm. Allowing a 3rd party service to trade the programme on your behalf will end in a breach of your account.

There are a few rules that may result in the termination of your account:

‍• Violation of a Drawdown Metric: 5% daily or 10% total drawdown for 2-step challenge and 4% daily and 8% total for the 1-step challenge.Daily drawdown is equity-based and trailing of balance (the highest equity from the last trading day)Total drawdown is also equity-based but starting from the initial balance.

• Inactivity for 30 Days on your challenge or funded account.

• Third-party Funded Account Management or Copy Trading with other users on the platform

It is allowed to hold positions during trading news but you are not allowed to open or close positions 3 minutes before and after a news is released publicly.

The 5% Max Daily Drawdown is originally and firstly based on your initial account balance at the reset time, before any trades are executed.

This resets each day at 00:00PM Market Watch Time. (5:00PM EST) Secondarily, this metric is also calculated by the highest equity point. Be sure not to go 5% lower than the initial balance at reset time, or 5% lower than the highest equity point in one day.

Attached below is the counting formula that our system uses in order to determine drawdown amounts. Counting formula: Highest balance or equity of the day (whichever is higher) – current equity. The 10% Maximum Total Drawdown is also a trailing metric of the account balance and equity.  Example: If you start with a $100,000 account, your maximum loss level will be set at $90,000.

If your account balance or equity reaches $110,000, your trailing drawdown meter will be set at $99,000. The trailing drawdown will always trail the highest balance or equity by 10%. It is at the traders discretion to manage risk according to these rules when trading our funded accounts.

A violation of these drawdown rules will result in a loss of the funded account.Each trader will readily have access to their maximum daily and total drawdown levels on their dashboard at all times. Although keeping an eye on your balance is important during the “funded” stage, it is also important that your equity swings do not meet a 5% difference in one day, or an 10% difference in total.

It is allowed to open and close or hold positions on the weekend

Simulated crypto trading during the weekend is available

Yes, EA and trade copiers are allowed ONLY during the challenge phase. During the funded phase, automated strategies, trade copiers, or scripted systems are strictly prohibited under the Bullwaves Prime program.

The use of trader copiers to copy your own personal trades onto your simulated live account with BWP is permitted. You may use your Prime account as your master account, or copy trades over to it from your other trading accounts.

When using a copy trader, be sure that identical orders are not placed within identical time intervals as other traders on our platform. This can occur through the use of widespread trading bots, account management services, and 3rd party signals.

Any form of consecutive identical orders through two or more users on our platform will lead to a violation. This trade copying policy applies to the funded stage only.

Trading bots/automated trading are enabled, however we do recommend you use a unique set file or confirm that no other traders are using the same bot on our servers. This will prevent our system from picking up any form of matching orders.  

To keep the process fair, Bullwaves Prime offers one warning for the first occurrence of a trader violating trade copying rules and a deduction of any profits while copying other users on our platform. With the second occurrence of copy trading from other users on our platform, a violation will be issued. It is important that your simulated trade data is entirely unique.

While we allow traders to log in from multiple devices, there may be restrictions on the number of unique IP addresses to prevent account sharing or fraudulent activities.For detailed policies regarding IP usage, please refer to our terms of service. At Bullwaves Prime, we aim to fund the best traders, helping them grow their accounts in a secure, professional trading environment.

If your funded account remains inactive for 30 consecutive days, it will be marked as inactive and may be suspended.

What counts as inactivity?

No trades executed within the 30-day period.
Logging into the platform without placing trades does not reset the inactivity timer.

What happens when an account is inactive?

You may lose access to the account.
You may be required to reapply or pass a new evaluation phase to resume trading.

Why this rule exists:
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This ensures that capital is allocated only to actively managed accounts and allows us to maintain performance standards across all funded traders.

All payouts are processed through Bank Wire or USDT-ERC20.

Payouts are reviewed and sent to the trader within 2-5 full business days of the request, although our team will always process them as fast as possible.

‍Fees: there are no fee on Crypto Withdrawal

‍Bank Wire: $30 flat fee per transaction

‍The minimum amount for withdrawals is set at $50.

‍We suggest filling out the payout information as soon as possible to avoid further delays:

For Crypto payouts: add your USDt (ERC20) address

For Bank wire: fill out the form with your bank details

We reserve the right to wait 24 hours before confirming the payout details for security reasons and to make sure that the details are correct.

Your first payout becomes eligible 15 calendar days after your first trade, regardless of whether you completed a 1-Step or 2-Step challenge.

After that, subsequent payouts can be requested every 15 calendar days (bi-weekly).

To be eligible for any payout, you must have completed at least 10 active trading days. This means you must have opened trades on 10 separate days, demonstrating consistent trading activity, not just hitting the profit target quickly.

These same 10 trading days are also required to successfully pass any challenge phase, both Step 1 and Step 2.

‍Understanding the difference:

Calendar days = the number of days passed since your first trade

‍Active trading days = the number of days you actually placed trades

‍Additional notes: Payouts can only be requested when all positions are closedAll payouts are performance-based commissions Trading takes place in a simulated market environment Please ensure both time and activity requirements are met before requesting a payout.

The minimum payout is set to 50$

The funded account profit split will reach its limit once a trader has gained 6% from the starting balance of the account.

Any positive trading after the 6% gain from the initial balance will not be eligible for your profit split.

Gaining beyond 6% will not break any rules, however these virtual profits would not be included in your withdrawal request.

For example, if you trade continuously for up to $12,000 profit on a 200k account. The profit split will be based on any virtual profits generated up to this point.

You would receive 80% of the numeric value ($12,000 in this case) of the 6% profit on your funded account starting balance.

The 6% maximum gain per payout applies based on the starting balance of the account, and resets after each payout.

This has been introduced to maintain longevity while accessing the community feedback of keeping traders around for the long term.

This allows our traders to regularly receive payouts without issues and prevents traders from being prone to attempting high-risk activities such as full margining before news or shooting for the moon with gambling-like approaches.

Giving traders the sole focus of consistent payouts leads to higher-quality trade data for us to access. Longevity is our focus. Maximum allocation of virtual funding has been increased to $2,000,000, allowing large payouts to remain a consistent opportunity for the trader.

As the maximum allocation of virtual funding is $2,000,000, the maximum gains able to be formed into a profit split at one time would be $120,000, which is still rather favourable.

This would be done through a simultaneous gain of 6% on two separate 200k accounts.

At Bullwaves Prime, our goal is to identify and fund traders who demonstrate discipline, consistency, and replicable strategies. To ensure that payouts are based on sustainable trading behavior rather than isolated high-risk trades, the following consistency rules apply when a withdrawal request is submitted.

(Consistency rule is calculated on UK GMT+0 time)

Profit Consistency Rule

To ensure sustainable and realistic trading performance, Bullwaves Prime applies a Profit Consistency Rule to all funded accounts.

How It Works

No single trading day’s profit, calculated as the difference between your equity at the end of the day and your equity at the end of the previous day, may represent 30% or more of your total profits on the account.

If the profit for any trading day (Equity Today − Equity Yesterday) equals or exceeds 30% of your total profit, you will not be eligible for a payout until your overall profits increase enough to bring your highest-profit day below the 30% threshold.

This rule is applied on a continuous basis across the entire lifetime of your funded account and is not reset after each payout.

Formula

You can calculate your Consistency Percentage as follows:(Highest Profit Day ÷ Total Profit) × 100 If the result exceeds 100%, your Trader Area will display a maximum value of 100%.

If You Exceed the 30% Threshold Exceeding the 30% limit does not cause account termination.
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You simply need to keep trading and increasing your total profits until your most profitable day becomes less than 30% of your total gains. Once that happens, you will again qualify for a payout.

Example:
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If your highest daily profit is $1,500, your total profits must reach at least $3,750 before you can request a payout. You can always monitor your Consistency Percentage in real time within your Trader Area.

Lot Size Consistency Rule

To ensure that your trading maintains consistent risk, we apply a lot size range check based on your average trade size at the time of a withdrawal request.

What this means:

We calculate your average lot size.

All profitable trades must fall within this range:
Minimum lot size = average – 70% Maximum lot size = average + 100%

Example: If your average lot size is 1.00, then:
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• The minimum valid size is 0.30 lots
• The maximum valid size is 2.00 lots

Only profitable trades that fall outside this range will be excluded from the payout and removed from your account balance.

Trade Aggregation Rule: Trades executed within 30 seconds of each other are aggregated and treated as one trade for the purpose of this rule and the profit consistency rule. This prevents unfair penalization of multi-click entries of a single trading idea.

This rule is applied only when a payout request is submitted. Any trades breaching the range are removed from both the payout amount and your account balance, while the account remains active.

These consistency rules ensure that your trading is not only profitable, but also structured, risk-controlled, and suitable for real-capital allocation. Violations can result in adjustments larger than the requested payout, so traders are strongly advised to assess their trades carefully before requesting a withdrawal.

Exploiting price discrepancies or platform inefficiencies—such as latency arbitrage, triangular arbitrage, or quote manipulation—is strictly prohibited.

‍Reason: These strategies do not rely on legitimate market analysis and cannot be executed reliably with institutional-grade liquidity.

Placing multiple buy and/or sell orders at fixed pip intervals, regardless of market conditions, is prohibited.

‍What is considered grid trading: Opening three or more positions in sequence around a central price without clear directional logic
Using fixed spacing between entries to profit from price oscillation
Applying recovery logic without defined stop-losses or strategy
‍
Important: After a trader is flagged once for grid behavior, even two sequential trades may be reviewed for grid logic if the same structure is repeated.
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Reason: Grid strategies expose accounts to extreme risk during trends and are not compatible with responsible capital allocation.

Placing limit orders with tight stop loss and take profit just before high-impact news or market opens is prohibited.

‍What is considered guaranteed limit orders: Placing pending orders shortly before major scheduled events
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Using tight TPs (typically 5 to 30 pips) and SLs combined with large lot sizes to capture quick spikes
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Trades structured to auto-close upon activation with no meaningful market exposure
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Reason: These setups rely on perfect fills and no slippage, which are unrealistic in real market environments and cannot be executed institutionally.

Doubling or exponentially increasing position sizes after each loss to recover drawdown is strictly forbidden.

‍Reason: Martingale systems introduce exponential risk and lead to inevitable account blowouts, making them unacceptable in any institutional trading model.

Opening and closing trades within seconds to benefit from minor price changes is not allowed.

‍Rule: All positions must be held for a minimum of 2 minutes. Profits made below this duration may be cancelled.

‍Reason: These trades exploit execution conditions that do not reflect live market dynamics and rely on latency-free fills.

Each trader must strictly adhere to daily drawdown limits:

‍1-Step Challenge: 4% maximum daily loss
2-Step Challenge: 5% maximum daily loss
‍
Reason: These rules simulate real fund allocation structures. Breaching them demonstrates a lack of risk management discipline.

Opening large positions while the account is already in drawdown as a way to recover quickly is prohibited.

‍Reason: This compounds exposure, increases the risk of full loss, and reflects non-professional behavior.

Consistently taking trades in only one direction (e.g., always long or always short) on a single asset without adaptation is not allowed.

‍Reason: This type of directional bias without analytical justification demonstrates speculative behavior.

Using bots, AI systems, or automated scripts for trading is strictly forbidden.

‍Bullwaves Prime is designed to identify and fund talented traders with unique, discretionary strategies—not automated systems.

Reason: EAs can bypass platform controls and implement non-compliant strategies. They mask real trading skill and cannot be properly evaluated for funding.

Trading in synchronization with other accounts, copying signals, or using mirroring software is not allowed.

‍Reason: Each account must reflect the independent decision-making of the trader. Coordinated activity invalidates performance evaluations.

Opening long and short positions on the same instrument simultaneously (including across multiple accounts) is prohibited.

‍Reason: This artificially neutralizes risk and may be used to manipulate drawdown or account metrics.

Placing both buy and sell pending orders around the market price before a known event is not permitted.

‍Reason: This is not based on any analysis or strategic intent, but rather on pure volatility exploitation, which is inconsistent with real market execution.

Only the registered trader may access the account. Sharing, transferring, or reselling account credentials is strictly prohibited.

‍Reason: The purpose of the program is to assess individual performance. Unauthorized access invalidates this principle.

Trading in a reckless, emotional, or unstructured manner is not tolerated.

‍Rule: If more than 60% of trades show a negative risk:reward profile (e.g., risking 50 pips for a 10 pip target), the account will be considered in breach.
‍
Reason: This behavior reflects gambling, not disciplined trading.

All trading accounts are monitored in real-time and reviewed in detail before payouts. Violations of the above rules may result in:

Profit removal
Account reset or closure
Termination from the program
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By trading with Bullwaves Prime, you agree to operate within these rules and uphold the standards of institutional-grade, risk-managed trading.

Firstly, Congratulations! Make sure all positions are closed and confirm you have reached the minimum profit target for the specific phase of the challenge while respecting all challenge parameters.

At this point, your challenge will be labeled as “Complete”.

Our system will generate the experienced trader stage immediately once the challenge is complete.

The experienced trader stage will be labelled as “Pending”.

This is the time to submit all KYC information and the funded trader agreement to your dashboard. Once these documents have been provided, your experienced trader account will be enabled to trade within 3 full business days.

Payouts will be eligible on a weekly basis, depending on the challenge that you purchased.  Note: If you encounter any issues with the 3rd party verification gateway, please notify our team via live chat and we will reset your KYC status for re-submission manually.

The maximum amount of commission eligible buying power that a trader can unlock during the 'funded' stage is currently $2,000,000.

The 1-step challenge and 2-step challenge sizes include:

• $10,000
• $25,000
• $50,000
• $100,000
• $200,000

Challenge accounts require you to pass an evaluation to demonstrate your trading skill.

Once the challenge is successfully completed, you gain access to a funded account with the conditions as agreed in the purchase

Yes, you can have multiple challenge accounts, but hedging between different accounts or challenges is not allowed.

After passing the challenge, you can enjoy a profit split of up to 80% on your funded account.