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I’ve been asked many times about Bulenox and what my opinion is. Normally I only review companies which I have gone through their evaluation. I don’t have any current plans to try out with Bulenox, not because of anything good or bad, the reality is I have taken (and passed) more trader evaluations than one man should. I don’t need nor want another funded trading account.
That said, my review below is based only on information on their site. I haven’t watched any other reviews or honestly know much about them. I’m writing this review as I go through their site to evaluate the Bulenox funded futures program.
Bulenox has quickly become a very popular funded futures trader evaluation. 2021 brought us several new companies, and the competition is heating up the market. Bulenox is very competitive on their pricing, account sizes, and rules.
Evaluations Available and Pricing
Below are the prices and offerings currently. Note that Bulenox does run promotions quite often. If you visit their site you can find the lowest prices available.
Price First Month/ Later Months *
$145 / $65
$175 / $75
$215 / $215
$325 / $325
$535 / $535
$115 / $115
Bulenox does something unique with their pricing I haven’t seen elsewhere in 2 ways:
- a) Future months are cheaper – the 2 prices listed above are the 1st month followed by 2nd month onward price
- b) you have 2 options when you sign up:
- no scaling, but trailing draw down
- scaling plan, but end of day draw down
Which of the 2 plans you choose from b above is up to you. I can’t say which is easier, better, etc. for you. It depends on how much you trade. Scaling plans can be annoying, but so can intraday trailing draw downs. In general, no scaling and trailing draw down is riskier, but you can hit the goal easier if you play your cards right.
Bulenox uses the standards of the funded futures trading programs by offering Rithmic as your data feed and account connection and provide NinjaTrader to use during the evaluation. From what I can tell, you also can continue using the free NinjaTrader license once funded.
You can also use multiple other platforms, but you will have to provide them yourself. There is an extensive list on their site in the help section. For example, I use Jigsaw Daytradr, and this is supported.
Evaluation Rules (called Qualification Account)
Below are the general rules. Be sure to read the specific rules on their site.
- Trade 10 days
- Don’t hit the maximum draw down
- Trade in the approved hours of 5pm CST open and close positions by 3:30pm CST
- Don’t trade more contracts than 1 Mini = 10 Micros for Bulenox
- Trade only approved products (standard with any company)
Funded Account Rules (called Master Account)
The rules are standard. Trade as normal, don’t hit your draw down or daily loss limit. Note, I couldn’t clearly see that there is a daily loss limit. Usually there is but not always. The end of day draws down stops at the account initial balance.
For example, say you have a $50,000 account with a $2,500 trailing draw down. Once you pass $52,500, your draw down will stop at $50,000 and never go above it.
Funded Account Fees
Bulenox did away with a monthly ongoing fee in 2022 and instead established a one- time fee you pay once you pass. There is no additional fees beyond these:
- $10,000 Account – $98
- $25,000 Account – $143
- $50,000 Account – $148
- $100,000 Account – $248
- $150,000 Account – $498
- $250,000 Account – $898
Funded Account Withdraw Frequency & Methods
The first $10,000 is 100% the traders. Afterwards, a 80/20 split is on the next $40,000. After that, 90/10 split is used, where the trader received 90% of the profits.
- Request payouts anytime, they are sent out on the 1st and 16th of the month
- 1st withdraw can be requested after 20 trading days complete
- 2nd & 3rd withdrawals can be requested after 12 trading days in between payments
- 4th withdrawal and onwards can be requested with no minimum trading days
- Minimum withdrawal for payments 1 to 3 is $1,000. Maximums for payments 1 to 3 are:
- $10,000 account: max withdrawal $750
- $25,000 account: max withdrawal $1,000
- $50,000 account: max withdrawal $1,500
- $100,000 account: max withdrawal $1,750
- $150,000 account: max withdrawal $2,000
- $250,000 account: max withdrawal $2,500
- Withdraw methods: ACH, Zelle, Wire Transfer, PayPal, Payoneer
Pros of Bulenox
- Allow Micro Bitcoin (MBT) – most companies do not allow micro crypto contracts
- No consistency rules
- Large selection of account sizes
- First $10,000 is 100% yours
- 90% is yours, a 90/10 split, after you make $40K more which is at a 80/20 split
- Multiple withdrawal methods
- Low monthly fee once funded
Cons of Bulenox
- Limited withdrawals first few – this is becoming more of a standard though with companies to help traders build up a balance so can be both a pro and a con
- Not much history – they are fairly new, limited experience
Unique Standout Features
- There’s plenty of pros with Bulenox
- I personally like the multiple withdrawal methods
- MBT Micro Bitcoin as an option – only company I’m aware of that offers this
ABOUT THE AUTHOR
Romain is an independent trader and investor specializing in financial market analysis and trading systems. He worked as a professional long/short equity trader for a trading firm in New York and has a passion for building mechanical trading strategies. He has been in the industry since 2008.
This post expresses the opinions of the writer and is for information, entertainment purposes only. Romain is not a registered financial advisor or certified analyst. The reader agrees to assume all risk resulting from the application of any of the information provided. Past performance is not a reliable indicator of future returns and financial trading is full of risk.) Please read the Full Disclaimer