RISK

Trading carries substantial risk of loss. Prop evaluation fees are typically non-refundable and the majority of traders do not pass first attempts. This comparison is for informational purposes only and does not constitute financial advice. Read full risk warning

HEAD-TO-HEAD COMPARISON · 2026

The5ers vs Bullwaves Prime

Side-by-side comparison of trust scores, profit splits, payout speed, and real trader reviews. Independent data — no sponsored rankings.

FV5R

The5ers

EST. 2016

BWVP

Bullwaves Prime

THE5ERS

METRIC

BULLWAVES PRIME

0/100TIE

TRUST SCORE

TIE0/100

0/5TIE

RATING

TIE0/5

100%

PROFIT SPLIT

—

$4,000,000

MAX FUNDING

—

$15

MIN COST

—

PAYOUT DAYS

—

PASS RATE

—

0TIE

REVIEW COUNT

TIE0

THE5ERS DETAILS

STEPS: 1-phase
DRAWDOWN: Fixed
MARKETS: Forex

BULLWAVES PRIME DETAILS

STEPS: -phase

The5ers PROS

+100% profit split is the maximum possible and far exceeds the industry average of 84.7%.
+Max funding of $4,000,000 vastly exceeds the industry average of $839,272.7.
+Minimum challenge cost of $15 is well below the industry average of $186.7.
+Founded in 2016, making it one of the most established prop firms in the industry.

The5ers CONS

−Profit target of 10% is above the industry average of 7.9%, making the challenge harder to pass.
−Overall drawdown of 6% is below the industry average of 7.9%, leaving less room for loss.
−Market access is limited to Forex only, restricting diversification across other asset classes.

Bullwaves Prime PROS

+No data is available to identify any pros for Bullwaves Prime at this time.
+No platform or market information is provided to assess trading conditions.
+No funding or cost data is available to compare against industry benchmarks.
+No profit split or payout data exists to evaluate trader compensation.

Bullwaves Prime CONS

−No data whatsoever is available for Bullwaves Prime, making any evaluation impossible.
−Complete absence of key metrics such as drawdown, profit split, and funding is a significant transparency concern.
−Traders have no basis for comparison against industry averages with zero data disclosed.

PROPDNA VERDICT

The5ers

Higher trust score (0/100). Faster payouts at —d. 100% profit split.

START WITH FV5R