Built by Traders for Traders
Keep 100% of first $10K • 90/10 profit split • Two account options
In the competitive landscape of proprietary trading firms, Bulenox stands out with its trader-centric approach and flexible account structure. Designed by experienced traders, Bulenox combines a straightforward evaluation process with generous profit-sharing terms and multiple account options. This comprehensive review examines Bulenox's qualification process, funded account details, available trading instruments, and how the platform compares to other top prop firms in 2025.
Quick Facts About Bulenox
What is Bulenox?
Bulenox is a proprietary trading platform designed to help talented futures traders access significant capital without risking their own funds. Founded by experienced traders, Bulenox aims to identify skilled individuals, provide them with trading capital, and establish mutually beneficial partnerships that allow traders to focus on strategy development rather than capital preservation.
The platform stands out with its trader-friendly approach, offering flexible trading conditions, generous profit-sharing terms, and comprehensive support for trader development. Bulenox's business model operates on three fundamental principles:
- Capital Provision: Providing trading capital to qualified traders who demonstrate consistent profitability
- Infrastructure Support: Offering necessary tools, platforms, and infrastructure for successful trading
- Partnership Development: Creating stable, long-term relationships that benefit both traders and the firm
What sets Bulenox apart is its focus on eliminating typical barriers to market entry, such as concerns about capital safety and high financial thresholds. Instead of requiring traders to risk significant personal funds, Bulenox uses a qualification-based system that evaluates trading discipline and skill before providing larger capital allocations.
For traders looking to scale their operations without capital constraints, Bulenox offers a legitimate pathway to professional futures trading with account sizes ranging from $10,000 to $250,000. The platform's straightforward evaluation process, combined with its favorable profit-sharing structure, has made it an increasingly popular choice among serious futures traders.
Account Structure Overview
Bulenox utilizes a two-phase account structure that provides a clear progression path for traders:
Qualification Account
The initial evaluation phase to demonstrate trading skills
- Purpose: Evaluate trader discipline and profitability
- Access Method: Monthly subscription fee
- Account Options: No Scaling or EOD (End-of-Day) accounts
- Objective: Reach specified profit target without violating rules
- Success Path: Leads to funded Master Account upon target achievement
- Time Frame: No time limit to achieve targets
Master Account
The funded account traders receive after successful qualification
- Purpose: Trade with firm capital and share profits
- Access Method: One-time activation fee after qualification
- Profit Split: 100% of first $10K, 90/10 thereafter
- Withdrawal Schedule: Weekly processing (Wednesdays)
- Growth Potential: Dynamic contract scaling with profits
- Account Limit: Up to 11 active Master Accounts per trader
This structured approach allows Bulenox to evaluate traders' capabilities before providing larger capital allocations. The Qualification Account serves as a risk-management tool for the firm, while providing traders with a realistic environment to demonstrate their skills without personal financial risk beyond the subscription fee.
Both account phases operate with similar trading parameters but differ in their objectives and fee structures. The Qualification Account focuses on evaluating trader performance, while the Master Account emphasizes profit generation and distribution. This progression creates a clear path for traders to move from evaluation to funded trading with minimal friction.
Account Options & Pricing
Bulenox offers a range of account sizes to match different trading styles and capital requirements. Each account size comes with specific parameters and subscription costs:
Select Account Size & Type
50K No Scaling Account
BEST SELLERBulenox offers two distinct account options for the Qualification phase:
- Option 1: No Scaling Account - This standard account maintains the same contract limit throughout your trading. It's ideal for traders who prefer a consistent position size and simplicity in their trading approach.
- Option 2: EOD (End-of-Day) Account - This account features a dynamic scaling system where your maximum contract limit increases as you generate profits. It's perfect for traders who want to scale their position sizes as their account equity grows.
Each account size comes with a monthly subscription fee for the Qualification Account and a one-time activation fee for the Master Account. The subscription continues until you either pass the qualification or cancel your subscription. Current discounts are available for the $50K and $100K accounts using the displayed coupon codes.
Account Reset Policy:
If you violate the drawdown rules and need to reset your Qualification Account, Bulenox offers a flexible reset policy:
- Free Reset: Available on your billing date if rules were violated before that date
- Off-Cycle Reset: $78 fee for resets between billing cycles
- Reset Process: Processed immediately with email notification, previous gains/losses won't count toward new attempt
Qualification Account Details
The Qualification Account is your entry point into the Bulenox ecosystem. This account serves as an evaluation tool to identify disciplined and profitable traders before providing access to funded accounts. Here's what you need to know about the Qualification process:
Key Parameters
- Trading Days: No minimum requirement (flexibility in your approach)
- Trading Hours: 5:00 PM to 4:00 PM CST the following day
- Position Closure: All positions must be closed by 15:59 CST
- Maximum Position Size: Varies based on account size (see account details)
- Objective: Reach the specified profit target to qualify for a Master Account
- Contract Types: Can trade both standard and micro contracts (1 standard = 10 micros)
Risk Management Rules
- Real-Time Drawdown: Tracked throughout the trading day (includes commissions)
- EOD Drawdown: Updated at the end of each trading day based on closing balance
- Daily Loss Limits: Specific to each account size (accounts suspended for the day if reached)
- Trailing Mechanism: Drawdown limit follows highest achieved balance
- Rule Violation: Account blocked if maximum drawdown is exceeded
- Reset Options: Free on billing date or $78 fee for off-cycle resets
The flexibility in Bulenox's qualification process is a standout feature. Unlike many prop firms that impose strict timeframes, Bulenox doesn't require you to achieve your profit target within a specific number of days. This reduces pressure and allows you to trade according to your natural rhythm and strategy requirements.
Understanding Drawdown Types:
Bulenox employs two types of drawdown calculations that traders need to understand:
- Trailing Drawdown: This is calculated in real-time during the trading day. It follows the highest account balance achieved and sets your maximum allowable loss from that point. For example, on a $100,000 account with a $3,000 maximum drawdown, if you earn $800 (reaching $100,800), the drawdown limit moves to $97,800. If your profit decreases, the drawdown limit remains at $97,800 until a new high balance is reached.
- End of Day (EOD) Drawdown: This is similar to trailing drawdown but is only updated at the end of each trading day. It considers profits made at the end of trading days and follows the balance at the end of day. After qualification, the EOD stops moving when it reaches the initial balance plus $100.
Available Instruments
Bulenox provides access to a comprehensive range of futures instruments across multiple market categories. This diverse selection allows traders to specialize in their preferred markets or diversify across different asset classes:
Equity Futures
- E-mini S&P 500 (ES)
- E-mini NASDAQ 100 (NQ)
- Mini-DOW (YM)
- Russell 2000 (RTY)
- S&P 400 Mid-Cap (EMD)
- Micro E-mini versions of major indices
Currency & Commodities
Currency Futures:
- Australian Dollar
- British Pound
- Canadian Dollar
- Euro FX
- Japanese Yen
Metal Futures:
- Gold
- Silver
- Copper
- Platinum
Energy & Agriculture
Energy Futures:
- Crude Oil
- Natural Gas
- Heating Oil
- RBOB Gasoline
Agricultural Futures:
- Lean Hogs
- Live Cattle
- Wheat
- Soybeans
- Corn
Bulenox allows traders to use both standard and micro contracts simultaneously, providing flexibility in position sizing and risk management. For sizing purposes, 1 standard contract is equivalent to 10 micro contracts. This enables precise position sizing, especially for smaller accounts or when adding to existing positions.
All instruments are available on both Qualification and Master Accounts, with the same trading conditions and parameters. This consistency ensures that strategies developed during qualification can be seamlessly transferred to funded accounts without adjustment.
Trading Rules & Risk Management
Bulenox has established clear trading rules and risk management parameters to ensure disciplined trading while providing reasonable flexibility:
The Bulenox trading day runs from 5:00 PM to 4:00 PM CST the following day. All positions must be closed by 15:59 CST (4:00 PM CST minus one minute) to avoid overnight exposure. This clear definition of trading hours helps maintain consistent risk management and prevents unexpected overnight market risks. Traders must adapt their strategies to operate within these defined hours, especially when trading markets that might have extended sessions.
Each account has a specific maximum position size limit based on account size (e.g., 3 contracts for $25K accounts, 7 contracts for $50K accounts). These limits apply to the total position size at any given time, not per trade or instrument. For EOD accounts, these limits increase as you generate profits, allowing for position scaling as your account equity grows. Exceeding position limits can result in account suspension or violation, so traders must carefully monitor their total exposure across all open positions.
Each account size has specific daily loss limits:
- $10K Account: $400 daily loss limit
- $25K Account: $500 daily loss limit
- $50K Account: $1,100 daily loss limit
- $100K Account: $2,200 daily loss limit
- $150K Account: $3,300 daily loss limit
- $250K Account: $4,500 daily loss limit
If a trader reaches the daily loss limit, the account is temporarily suspended for the remainder of the trading day but will resume the next day without counting as a rule violation. This mechanism serves as a circuit breaker against excessive daily losses while allowing continued trading on subsequent days.
Bulenox utilizes two complementary drawdown tracking mechanisms:
- Trailing Drawdown (Real-time): Monitored continuously during the trading day, adjusting with new equity highs. The maximum allowable drawdown follows the highest achieved balance.
- EOD Drawdown: Updated only at the end of each trading day, based on closing equity values. After qualification, this threshold stops moving when it reaches the initial balance plus $100.
If a trader violates the maximum allowable drawdown (specific to their account size), the account is blocked and requires a reset to continue. Understanding both types of drawdown calculations is crucial for effective risk management within the Bulenox ecosystem.
If a trader exceeds the maximum drawdown limits, they have options to reset their account:
- Free Reset on Billing Date: If rules are violated before your monthly billing date, you'll receive a free reset when your subscription renews.
- Off-Cycle Reset: For violations between billing cycles, a $78 fee applies for immediate reset.
- Reset Process: Resets are processed immediately with email notification. The initial balance is updated, and previous gains, losses, and trading days won't count toward the new attempt.
This flexible reset policy allows traders to recover from drawdowns without excessive penalties, supporting the learning process while maintaining risk discipline.
Important Trading Rules to Remember:
- Close All Positions by Deadline: All trades must be closed by 15:59 CST to avoid rule violations.
- Respect Position Limits: Never exceed the maximum allowed contracts for your account size.
- Monitor Both Drawdown Types: Be aware of both real-time and EOD drawdown calculations.
- Understand Daily Loss Limits: If reached, stop trading for the day to avoid further restrictions.
- Multiple Account Management: If using multiple accounts, ensure all are under the same Rithmic User ID to avoid account termination.
Master Account Structure
After successfully reaching the profit target in your Qualification Account, you'll advance to the Master Account phase. This funded account is where you begin trading with Bulenox's capital and earning real profits.
Qualification & Activation
- Automatic Review: Account sent for review after hitting profit target
- Verification Timeline: Process takes up to 24 hours
- Documentation: Receive certificate, instructions, and contract
- Subscription Status: Qualification Account subscription canceled automatically
- Activation Process: One-time fee based on account size:
- $10,000 Account: $98
- $25,000 Account: $143
- $50,000 Account: $148
- $100,000 Account: $248
- $150,000 Account: $498
- $250,000 Account: $898
Trading Parameters
- Trading Rules: Similar to Qualification Account
- Drawdown Limits: Specific to each account size:
- $10,000 Account: $1,000 trailing/EOD
- $25,000 Account: $1,500 trailing/EOD
- $50,000 Account: $2,500 trailing/EOD
- $100,000 Account: $3,000 trailing/EOD
- $150,000 Account: $4,500 trailing/EOD
- $250,000 Account: $5,500 trailing/EOD
- EOD Threshold: Stops moving when it reaches initial balance +$100
- Daily Loss Limits: Removed after maximum drawdown threshold reaches starting balance
- Scaling Options: Dynamic contract allowance increases with profit growth
The Master Account represents a significant milestone in your Bulenox journey. It indicates that you've demonstrated the discipline and skill necessary to manage larger capital effectively. The account operates with similar rules as the Qualification Account but introduces profit-sharing mechanisms and withdrawal capabilities.
If a Master Account exceeds the maximum trailing drawdown at any point, it will be closed by the administrator. Unlike Qualification Accounts, there is no reset option for Master Accounts that violate drawdown limits. This underscores the importance of maintaining strict risk management in the funded phase.
Multiple Account Management:
Bulenox offers flexibility in managing multiple accounts:
- Account Limits: Up to 11 active Master Accounts allowed simultaneously
- Activation Restrictions: Can activate up to three Master Accounts at once
- Growth Requirement: Additional Master Accounts require reaching initial starting balance on previous accounts
- User ID Requirement: All accounts must be under the same Rithmic User ID
- Compliance Warning: Multiple logins with different Rithmic User IDs may result in account termination without refund
Profit Sharing & Withdrawals
One of Bulenox's most attractive features is its generous profit distribution model. The Master Account provides direct payment based on trading results with a clear structure:
Profit Distribution Structure
- First $10,000: 100% to trader (0% commission)
- After $10,000: 90% to trader, 10% to Bulenox
- Commission Timing: Charged only at time of withdrawal
- Profit Calculation: Based on total trading results
- Loss Absorption: All trading losses covered by Bulenox
- Profit Timing: No time constraints on profit generation
Withdrawal Guidelines
- Request Timing: Anytime during the calendar month
- Processing Schedule: Weekly on Wednesdays
- Trading Day Requirement: Minimum of ten trading days completed
- Minimum Withdrawal: $1,000 for first 1-3 payments ($500 for $10K accounts)
- Maximum Limits: Apply to first three payouts only (based on account size)
- Unlimited Withdrawals: No maximum limit after third payout
The 100% payout on the first $10,000 in profits is a standout feature in the prop trading industry. Most firms take a percentage of all profits, making Bulenox's approach particularly attractive for traders in the early stages of their funded journey.
The 40% Consistency Rule:
Bulenox implements a consistency rule for all withdrawals:
- Rule Definition: No more than 40% of total profit balance can come from a single trading day
- Withdrawal Impact: If not met, payout cannot be processed
- Compliance Status: Not a violation - trader can continue trading to achieve better distribution
- Safety Threshold: The account's safety reserve counts toward the 40% rule for first withdrawal
This rule ensures consistent performance rather than reliance on a single lucky day, encouraging disciplined trading habits.
Each account size also has a minimum safety threshold reserve that must be maintained:
- $10,000 Account: $1,100 safety threshold
- $25,000 Account: $1,600 safety threshold
- $50,000 Account: $2,600 safety threshold
- $100,000 Account: $3,100 safety threshold
- $150,000 Account: $4,600 safety threshold
- $250,000 Account: $5,600 safety threshold
This threshold can be withdrawn upon termination of the Master Agreement, providing an additional incentive for long-term partnership with Bulenox.
Dynamic Scaling Plan
For traders using EOD accounts, Bulenox offers a dynamic scaling plan that increases contract limits as profits grow. This allows successful traders to amplify their position sizes without waiting for account upgrades:
$25K EOD Scaling
- $0-$1,500 profit: 2 contracts maximum
- $1,501+ profit: 3 contracts maximum
$50K EOD Scaling
- $0-$1,500 profit: 2 contracts maximum
- $1,501-$4,000 profit: 4 contracts maximum
- $4,001+ profit: 7 contracts maximum
$100K EOD Scaling
- $0-$2,000 profit: 3 contracts maximum
- $2,001-$3,000 profit: 5 contracts maximum
- $3,001-$5,000 profit: 8 contracts maximum
- $5,001+ profit: 12 contracts maximum
The dynamic scaling plan provides several advantages:
- Automatic Progression: Contract limits increase automatically as profits grow, without manual intervention
- Performance-Based: Scaling is directly tied to demonstrated profitability, creating a merit-based system
- Strategy Adaptation: Allows traders to evolve their strategies as position sizes increase
- Risk Management: Gradual scaling helps traders adjust to larger positions while maintaining discipline
Larger account sizes ($150K and $250K) follow similar scaling patterns with proportionally increased contract limits. This scaling structure encourages consistent profitability while providing a clear pathway to trading larger position sizes as your skill and results improve.
No Scaling vs. EOD Choice:
When selecting between account types:
- Choose No Scaling if: You prefer consistent position sizes, have a fixed-contract strategy, or want simplicity in position management.
- Choose EOD if: You want to grow position sizes as profits increase, have strategies that benefit from scaling, or aim to maximize earning potential through increased contract limits.
Bulenox vs. Other Prop Firms
How does Bulenox compare to other popular prop firms in the market? Here's a comparison of key features:
| Feature | Bulenox | Other Top Firms | FTMO |
|---|---|---|---|
| Evaluation Structure | Single Phase Qualification | 1-2 Phases | 2 Phases (Challenge + Verification) |
| Profit Split | First $10K: 100% Thereafter: 90/10 | 70/30 to 80/20 | 80/20 to 90/10 |
| Drawdown Calculation | Option 1: Real-time Option 2: End-of-Day | Varies (often intraday) | Intraday |
| Time Limit | No Time Limit | Often 30-45 days | No Time Limit |
| Scaling Plan | Dynamic Contract Scaling with Profit Growth | Varies by firm | +25% every 4 months (up to $2M) |
Beyond these fundamental differences, Bulenox also stands out with several unique features:
- Multiple Account Management: Traders can operate up to 11 active Master Accounts simultaneously, providing significant capital access for experienced traders.
- No Minimum Trading Days in Qualification: Unlike many firms that require a minimum number of trading days, Bulenox allows traders to complete the qualification at their own pace.
- Comprehensive Futures Access: While some prop firms focus primarily on indices or forex, Bulenox provides access to a full range of futures markets across multiple asset classes.
- EOD Account Scaling: The dynamic contract scaling on EOD accounts creates a performance-based position size system not commonly found at other firms.
- Detailed Analytics: Bulenox provides comprehensive trading statistics and performance metrics to help traders identify strengths and weaknesses.
Pros and Cons
PROS
- Exceptional Profit Split: 100% of first $10,000 profits and 90/10 thereafter
- No Time Limits: Trade at your own pace without arbitrary deadlines
- Dynamic Contract Scaling: Position size grows with profits on EOD accounts
- Multiple Account Options: Choose between No Scaling and EOD accounts
- Comprehensive Futures Selection: Trade across equity, currency, energy, agriculture, and metal futures
- Free Resets on Billing Date: No additional cost for resets at subscription renewal
- Multiple Account Management: Up to 11 active Master Accounts allowed simultaneously
- Free 14-Day Trial: Test the platform before committing
CONS
- Ongoing Subscription Cost: Monthly fees continue until qualification or cancellation
- Two-Step Fee Structure: Subscription for qualification plus activation fee for Master Account
- Limited to Futures Trading: No forex, stocks, or crypto trading options
- No Reset Options for Master Accounts: Exceeding drawdown limits closes funded accounts permanently
- Position Closure Requirement: All trades must be closed by 15:59 CST daily
- Data Feed Costs: Professional traders must pay $116 monthly for exchange data
- Consistency Rule for Withdrawals: 40% rule can delay payouts until trading distribution improves
- Minimum Trading Days for Withdrawal: Need ten days of trading before first payout
Final Verdict: Is Bulenox Worth It?
Bulenox offers a unique approach to proprietary trading that distinguishes it from many competitors in the market. The platform's standout features include its generous profit-sharing structure (100% of first $10,000), absence of time limits for qualification, and dynamic contract scaling for EOD accounts.
Bulenox is particularly well-suited for:
- Futures Specialists: Traders focused on futures markets across various asset classes
- Patient Traders: Those who prefer developing a strategy methodically without time pressure
- Scale-Oriented Traders: Individuals looking to manage multiple funded accounts simultaneously
- Consistent Performers: Traders who generate steady returns rather than relying on occasional big wins
- Growth-Minded Traders: Those who want to progressively increase position sizes as their account equity grows
Bulenox may not be ideal for:
- Multi-Market Traders: Those who want to trade forex, stocks, or cryptocurrencies
- Overnight Position Holders: Traders whose strategies rely on holding positions through market closes
- One-Time Fee Seekers: Those who prefer a single evaluation fee rather than ongoing subscriptions
- High-Risk Traders: Individuals with aggressive strategies that frequently test drawdown limits
The value proposition of Bulenox lies in its combination of trader-friendly policies, flexible trading parameters, and exceptional profit sharing. While the two-step fee structure (subscription plus activation) represents an investment, the potential returns through the 100% profit retention on initial earnings and 90/10 split thereafter can quickly offset these costs for successful traders.
What truly sets Bulenox apart is its ability to accommodate growth-oriented traders. The platform's support for multiple Master Accounts and dynamic contract scaling creates a pathway for expanding your trading operation without switching firms or constantly seeking new capital sources. This long-term approach aligns with serious traders looking to build sustainable careers rather than those seeking quick profits.
Start Your Futures Trading Journey
Bulenox offers a flexible pathway to trading significant capital with impressive profit-sharing terms and growth potential.
Try Bulenox with 14-Day Free TrialDisclaimer: This review is based on information available as of April 2025. Rules, fees, and policies may change over time. Always verify the current terms directly with Bulenox before making any financial decisions.