Bullwaves Prime Challenges are a popular choice for traders who want to show their skills and get access to more trading funds. They offer two types of challenges: a simple 1-step and a more detailed 2-step format.
This gives traders flexibility and clear rules. Bullwaves Prime is known for its easy-to-use tools and honest approach. In this article, we will explain how the challenges work, compare the two formats, and show why Bullwaves Prime is a great option for traders looking to grow.
More About Bullwaves Prime Challenges
Bullwaves Prime Challenges are evaluation programs designed for traders who want to demonstrate their trading expertise and earn a funded trading account.
Unlike traditional trading competitions, these challenges emphasize skill, discipline, and risk management—without the pressure of time limits. Traders can choose between a streamlined 1-step challenge or a more traditional 2-step process, both offering clear rules and generous trading conditions.
1-Step vs. 2-Step Bullwaves Prime Challenges Quick Comparison
| Feature | 1-Step Challenge | 2-Step Challenge |
|---|---|---|
| Number of Phases | 1 | 2 |
| Profit Target | 10% | 8% (Step 1), 5% (Step 2) |
| Daily Drawdown | 4% | 5% |
| Max Drawdown | 8% | 10% |
| Min. Trading Days (Eval) | 0 | 0 |
| Min. Trading Days (Funded) | 10 | 5 |
| Leverage | 1:50 | 1:50 |
| EAs Allowed (Eval) | Yes | Yes |
| EAs Allowed (Funded) | No | No |
| Assets | All | All |
Key Takeaways
Bullwaves Prime Challenge Formats: 1-Step vs. 2-Step
Bullwaves Prime offers two main challenge structures to suit different trader preferences:
1-Step Challenge
The 1-step challenge is designed for traders who want a fast-track route to funding. You only need to complete a single evaluation phase before accessing a funded account.
| Account Size | Phase | Scaling Target | Min. Trading Days | Daily Drawdown | Max Drawdown | Leverage Up To | Assets Allowed |
|---|---|---|---|---|---|---|---|
| 10K | Phase 1 | 10% | 0 | 4% | 8% | 1:50 | All |
| 10K | Funded | – | 10 | 4% | 8% | 1:50 | All |
| 25K | Phase 1 | 10% | 0 | 4% | 8% | 1:50 | All |
| 25K | Funded | – | 10 | 4% | 8% | 1:50 | All |
| 50K | Phase 1 | 10% | 0 | 4% | 8% | 1:50 | All |
| 50K | Funded | – | 10 | 4% | 8% | 1:50 | All |
| 100K | Phase 1 | 10% | 0 | 4% | 8% | 1:50 | All |
| 100K | Funded | – | 10 | 4% | 8% | 1:50 | All |
| 200K | Phase 1 | 10% | 0 | 4% | 8% | 1:50 | All |
| 200K | Funded | – | 10 | 4% | 8% | 1:50 | All |
2-Step Challenge
The 2-step challenge offers a more gradual evaluation, ideal for traders who prefer a structured approach with slightly lower profit targets per phase.
| Account Size | Step 1 Target | Step 2 Target | Funded Trading Days | Max Drawdown | Daily Drawdown | Leverage | EAs Funded | Asset Class |
|---|---|---|---|---|---|---|---|---|
| 10K | 8% | 5% | 5 | 10% | 5% | 1:50 | Not Allowed | All assets |
| 25K | 8% | 5% | 5 | 10% | 5% | 1:50 | Not Allowed | All assets |
| 50K | 8% | 5% | 5 | 10% | 5% | 1:50 | Not Allowed | All assets |
| 100K | 8% | 5% | 5 | 10% | 5% | 1:50 | Not Allowed | All assets |
| 200K | 8% | 5% | 5 | 10% | 5% | 1:50 | Not Allowed | All assets |
Why Choose Bullwaves Prime Challenges?
Rules and Guidelines
Access to Industry-Leading Tools
Bullwaves Prime ensures that traders have everything they need to succeed:
Top FAQs Relevant to Bullwaves Prime Challenges
What are Bullwaves Prime Challenges?
Bullwaves Prime Challenges are evaluation programs where traders demonstrate their skills to earn access to funded trading accounts, focusing on discipline and risk management.
What is the difference between the 1-step and 2-step Challenges?
The 1-step challenge has a single evaluation phase with a 10% profit target, while the 2-step challenge splits evaluation into two phases with 8% and 5% targets.
Are there any time limits or Minimum Trading days in the Evaluation Phases?
No, there are no minimum trading days or time pressure during evaluation phases, allowing traders to progress at their own pace.
What are the drawdown limits for Bullwaves Prime Challenges?
Daily drawdown is capped at 4% (1-step) or 5% (2-step), with maximum overall drawdown limits of 8% and 10% respectively.
Can I use Expert Advisors (EAs) or Automated Trading Systems?
Yes, EAs are allowed during the evaluation phases of both challenge types, but not in the funded account phase.
Which Trading Platform and assets are Supported?
Traders get instant access to MetaTrader 5 and can trade all major asset classes, including forex, indices, and commodities.
What Leverage is available in Bullwaves Prime Challenges?
Both challenge types offer leverage up to 1:50, enabling traders to maximize their strategies across all supported assets.
Why choose Bullwaves Prime over other Prop Trading Programs?
Bullwaves Prime offers flexible rules, instant platform access, generous drawdown limits, support for EAs, and transparent evaluation—making it ideal for serious traders.
Final Note
Bullwaves Prime Challenges are a great option for traders who want to show their skills and get funding. You can choose a quick 1-step challenge or a slower 2-step process. Bullwaves Prime gives you the tools and support you need to grow as a trader.
You get instant access to MetaTrader 5, generous drawdown limits, and can trade all types of assets. There is no time limit, so you can work at your own pace. Bullwaves Prime helps traders reach their goals.
