Bulenox FAQ: 50+ Questions Answered

Bulenox is a futures prop firm offering two distinct account types—Option 1 with trailing drawdown and Option 2 with EOD drawdown plus scaling.

After testing their evaluation and payout process myself, I've compiled every question traders ask before signing up. This FAQ covers account rules, costs, payouts, and the specifics that actually matter when you're deciding whether Bulenox fits your trading style.

Why I trade with Bulenox: I've been running Bulenox accounts for seven months—passed Qualifications on both Option 1 and Option 2, activated Master Accounts, and pulled four clean PayPal payouts with no holdups. This assessment is based on real money in, real money out.

That said, no prop firm is perfect. Bulenox has strengths (weekly payouts, flexible drawdown options, 100% of the first $10K) and weaknesses (strict consistency rule, mandatory Funded transition, payout caps on first three withdrawals) that I've documented honestly. For a complete breakdown of their account structure, pricing, rules, and what to expect at each stage, read my complete Bulenox review. For the absolute latest, check Bulenox's website or their help center.

Getting Started with Bulenox

What is Bulenox?

Bulenox is a futures proprietary trading firm that provides traders access to simulated capital through their evaluation program. Based in Wilmington, Delaware, they offer account sizes from $25,000 to $250,000 with two different rule structures to match different trading styles. Traders who pass the Qualification phase and complete payouts on the Master Account can eventually transition to trading real capital on a Funded Account.

Is Bulenox a legitimate prop firm?

Yes, Bulenox is a legitimate prop trading firm that has been operating since 2021 and has paid out traders consistently. They're registered as Bulenox LLC in Delaware and maintain transparent rules on their website.

How does Bulenox work?

Bulenox follows a three-stage progression: Qualification Account, Master Account, and Funded Account. You pay a monthly subscription to trade on a Qualification Account, hit the profit target without violating rules, then activate a Master Account with a one-time fee. After three successful payouts on the Master Account, you may transition to a Funded Account with real capital at Bulenox's discretion.

Who owns Bulenox?

Bulenox LLC is a privately held company registered at 1201 N Orange St, Suite 7149, Wilmington, DE 19801. The company positions itself as "built by traders for traders" and has been operating in the futures prop firm space since 2021. They don't publicly disclose individual ownership details.

Account Types and Options

What account types does Bulenox offer?

Bulenox offers two main account options: Option 1 with trailing drawdown and no scaling, and Option 2 with EOD drawdown, scaling plan, and daily loss limits. Both options are available across all five account sizes ($25K, $50K, $100K, $150K, $250K).

What is Bulenox Option 1?

Option 1 is Bulenox's simpler account type featuring a trailing drawdown that follows your highest balance in real-time. There's no scaling—you get full contract access from day one—and no daily loss limit to worry about.

What is Bulenox Option 2?

Option 2 features end-of-day (EOD) drawdown that only updates when you close the day at a new high, plus a scaling plan that increases your contract limit as profits grow. You also have a daily loss limit that suspends trading for the day if hit but doesn't violate your account.

Which Bulenox option is better—Option 1 or Option 2?

It depends on your trading style. Option 1's trailing drawdown is more aggressive but gives you full contracts immediately, making it better for confident traders who don't give back profits. Option 2's EOD drawdown is more forgiving during the trading day, but scaling means you start with fewer contracts.

What account sizes does Bulenox offer?

Bulenox offers five account sizes: $25,000, $50,000, $100,000, $150,000, and $250,000. Each size has different profit targets, drawdown limits, and contract maximums. The $50K and $100K accounts tend to be most popular for balancing cost versus trading flexibility.

Account Size Specifics

What are the Bulenox 25K account rules?

The $25K account costs $145/month with a $1,500 profit target and $1,500 max drawdown. Option 1 gives you 3 contracts immediately, while Option 2 starts at 2 contracts and scales to 3 after $1,501 profit. The daily loss limit on Option 2 is $500.

What are the Bulenox 50K account rules?

The $50K account runs $175/month with a $3,000 profit target and $2,500 max drawdown. Option 1 allows 7 contracts from the start, while Option 2 scales from 2 contracts up to 7 as you profit. Daily loss limit on Option 2 is $1,100.

What are the Bulenox 100K account rules?

The $100K account is $215/month with a $6,000 profit target and $3,000 max drawdown. Option 1 provides 12 contracts immediately, Option 2 scales from 3 to 12 contracts through four profit tiers. Daily loss limit is $2,200 on Option 2.

What are the Bulenox 150K account rules?

The $150K account costs $325/month with a $9,000 profit target and $4,500 max drawdown. You get 15 contracts on Option 1 or scale up to 15 through four tiers on Option 2. Daily loss limit is $3,300.

What are the Bulenox 250K account rules?

The largest $250K account is $535/month with a $15,000 profit target and $5,500 max drawdown. Option 1 gives you 25 contracts, while Option 2 scales from 6 contracts up to 25 across four tiers. Daily loss limit is $4,500.

Qualification Account Rules

What is a Bulenox Qualification Account?

The Qualification Account is Bulenox's evaluation phase where you prove your trading skills on a simulated account. You pay a monthly subscription, trade until you hit the profit target without violating drawdown rules, and then qualify for a Master Account. There's no minimum trading days requirement—you could technically pass in one day if you hit the target.

How many trading days are required to pass Bulenox?

Zero minimum trading days are required to pass the Bulenox Qualification Account—you just need to hit the profit target without violating rules. This is different from many competitors who require 5-10 minimum days. However, you'll need at least 10 trading days on the Master Account before requesting your first payout.

What is the profit target for Bulenox accounts?

Profit targets vary by account size: $1,500 (25K), $3,000 (50K), $6,000 (100K), $9,000 (150K), and $15,000 (250K). You must reach this target without exceeding your maximum drawdown to qualify for the Master Account.

Can I reset my Bulenox account?

Yes, if you violate drawdown rules on a Qualification Account, you can reset for $78 or wait until your billing date for a free reset. The reset restores your starting balance but keeps your subscription active—previous trading days don't carry over.

What trading hours does Bulenox allow?

Bulenox's trading day runs from 5:00 PM to 4:00 PM Central Time the following day. All positions must be closed by 3:59 PM CT—holding past this time can result in account violations. Weekends and holidays don't count as trading days.

Drawdown Rules

How does Bulenox trailing drawdown work?

Bulenox trailing drawdown (Option 1) follows your highest account balance in real-time, including unrealized gains. If your account peaks at $103,000 on a $100K account with $3,000 drawdown, your floor becomes $100,000. The key insight: it never moves back down, so every new high permanently raises your floor.

How does Bulenox EOD drawdown work?

EOD drawdown (Option 2) only updates at the end of each trading day based on your closing balance. This means intraday swings don't affect your drawdown level—only where you finish matters. On Master Accounts, the EOD drawdown stops trailing once it reaches your starting balance plus $100.

What is the max drawdown for each Bulenox account size?

Maximum drawdown varies by account: $1,500 (25K), $2,500 (50K), $3,000 (100K), $4,500 (150K), and $5,500 (250K). These limits apply to both Option 1 and Option 2 accounts, though the calculation method differs. Exceeding this limit closes your account immediately with no reset option on Master Accounts.

When does Bulenox drawdown stop trailing?

On Master Accounts, both trailing and EOD drawdown stop moving once they reach your starting balance plus $100. For a $100K account, this means your drawdown floor locks at $100,100 once your trailing drawdown reaches that level. This "safety net" feature lets you trade more freely once you've locked in that buffer.

Daily Loss Limit and Scaling

What is the Bulenox daily loss limit?

Daily loss limit (Option 2 only) caps how much you can lose in a single trading day based on your P&L including commissions and unrealized trades. If you hit this limit, trading suspends for the remainder of the day but doesn't violate your account. Limits range from $400 (10K) to $4,500 (250K).

Does the daily loss limit apply to Option 1?

No, daily loss limit only applies to Option 2 accounts. Option 1 has no daily loss limit—your only constraint is the trailing drawdown. This makes Option 1 simpler but also means a bad day can do more damage to your account. On Master Accounts, the daily loss limit removes once your drawdown reaches starting balance.

How does Bulenox scaling work?

Bulenox scaling (Option 2) increases your maximum contracts as your cash-on-hand grows. For example, a $100K account starts with 3 contracts max, increases to 5 at $2,001 profit, 8 at $3,001, and unlocks all 12 at $5,001. Each account size has different tiers.

How many contracts can I trade on Bulenox?

Maximum contracts depend on your account size: 3 (25K), 7 (50K), 12 (100K), 15 (150K), and 25 (250K). Option 1 gives you full access immediately, while Option 2 scales up through profit tiers. One standard contract equals 10 micro contracts.

Master Account

What is a Bulenox Master Account?

The Master Account is Bulenox's second phase where you trade with the same rules as Qualification but can now request profit withdrawals. You activate it with a one-time fee after passing Qualification, and all your profits become eligible for payout.

How much does it cost to activate a Bulenox Master Account?

Master Account activation is a one-time fee: $143 (25K), $148 (50K), $248 (100K), $498 (150K), or $898 (250K). This includes data feed and maintenance—no monthly costs after activation. The fee is the same for both Option 1 and Option 2 accounts.

Is there a monthly fee for Bulenox Master Account?

No, there's no monthly fee for the Master Account. You pay the one-time activation fee and that's it—data feed is included. This differs from some competitors who charge ongoing monthly fees even after funding. Your only costs going forward are trading commissions.

Can I have multiple Bulenox Master Accounts?

Yes, you can have up to 11 active Master Accounts, but only 3 can be simultaneously active. To activate a 4th account, one of your first three must reach starting balance (drawdown locked). All accounts must be under the same Rithmic User ID.

Funded Account

What is a Bulenox Funded Account?

The Funded Account is Bulenox's third stage where you trade real capital instead of simulated funds. You qualify after completing three successful payouts on your Master Account, subject to Risk Management approval. All your active Master Accounts consolidate into one Funded Account with balance caps.

How do I get a Bulenox Funded Account?

Complete three successful payouts on your Master Account, and Bulenox's Risk Management Department will review your trading for Funded Account eligibility. If approved, you'll transition to trading real capital. If you don't consent to the transition, your Master Account closes with no final payout—so it's essentially mandatory if you want to continue.

What are Bulenox Funded Account balance caps?

Balance caps limit the maximum account size on Funded Accounts: $2,500 (25K), $5,000 (50K), $10,000 (100K), $15,000 (150K), and $25,000 (250K). These caps went into effect April 28, 2025. Multiple Master Accounts consolidate into one Funded Account up to these limits.

How many trading days for Bulenox Funded Account payout?

You need at least 5 individual trading days to request a payout on the Funded Account. This is fewer than the Master Account requirement of 10 days. Trading days count as completed once the market closes.

Payouts and Withdrawals

How do Bulenox payouts work?

Bulenox processes payouts weekly on Wednesdays. On Master Accounts, you need 10 trading days before your first withdrawal. You keep 100% of your first $10,000 in profits, then Bulenox takes a 10% commission (you keep 90%).

What is the Bulenox profit split?

Bulenox offers a 100% profit split on your first $10,000 earned—you keep everything. After that, the split becomes 90/10 where you keep 90% and Bulenox takes 10%. This is more generous than many competitors who start at 80/20 or charge from the first dollar.

What is the minimum Bulenox withdrawal?

The minimum withdrawal amount is $1,000. For your first three payouts, there are also maximum limits based on account size ranging from $1,000 (25K) to $2,500 (250K). After your third payout, there's no maximum limit.

What is the Bulenox safety threshold reserve?

The safety threshold is the minimum balance that must remain in your account after withdrawal, ranging from $1,600 (25K) to $5,600 (250K). You can only withdraw profits above this threshold. Upon terminating your Master Agreement, you're entitled to withdraw the safety threshold.

What is the Bulenox 40% consistency rule?

When requesting a withdrawal, no single trading day can account for more than 40% of your total profit balance. Calculate it as: (Best Day P&L / Total P&L) × 100. If your best day exceeds 40%, you can't withdraw yet—but it doesn't violate your account.

What payout methods does Bulenox offer?

Bulenox offers three withdrawal methods: ACH/Wire Transfer, PayPal, and Wise. All payouts process on Wednesdays. For international traders, Wise often provides the best rates and fastest access. US traders typically use ACH for direct bank deposits.

Fees and Costs

How much does Bulenox cost per month?

Monthly Qualification Account fees are: $145 (25K), $175 (50K), $215 (100K), $325 (150K), and $535 (250K). These are recurring until you pass or cancel. After passing, you pay a one-time Master Account activation fee instead.

What are Bulenox commission rates?

Commissions vary by instrument and are charged per side. For popular contracts like ES and NQ, expect around $1.00-$1.25 per side per contract. Micro contracts are proportionally lower. Bulenox provides full commission schedules for Rithmic and Project X platforms on their website.

Does Bulenox charge for market data?

Non-professional traders don't pay exchange data fees—it's included in your Qualification subscription. Professional traders must pay $116/month for exchange data (CME, CBOT, NYMEX, COMEX). You select your status when signing Rithmic's agreement, and it can't be changed later.

How much does a Bulenox reset cost?

A Bulenox reset costs $78 anytime, but you get a free reset on your billing date if your account is violated. The reset restores your starting balance while keeping your subscription active. Previous trading days don't carry over.

Platforms and Setup

What trading platforms work with Bulenox?

Bulenox supports 20+ platforms including NinjaTrader (free license included), Rithmic R|Trader Pro, Sierra Chart, Quantower, Bookmap, ATAS, MultiCharts, TigerTrade, Volfix, and more. All platforms connect via Rithmic data feed.

How do I connect Bulenox to NinjaTrader?

Download NinjaTrader 8, enable Multi-Provider Mode in settings, configure a Rithmic connection using your Bulenox credentials, select "Rithmic Paper Trading" as the system and Chicago as gateway. Enter your free license key from Bulenox's Member Area.

How do I connect Bulenox to Rithmic?

Download R|Trader Pro, enter your User ID and password from Bulenox's Member Area, select "Rithmic Paper Trading" for System and "Chicago" for Gateway (or Europe/Frankfurt for EU traders). Accept Rithmic's terms and select your professional status.

Does Bulenox work with TradingView?

TradingView doesn't directly connect to Bulenox accounts since Bulenox uses Rithmic data feed. You can use TradingView for charting and analysis, but order execution must go through a Rithmic-compatible platform. Some traders run both simultaneously.

Does Bulenox offer a free trial?

Yes, Bulenox offers a free 14-day Rithmic trial account (10 trading days) for traders who've never registered with Rithmic before. This lets you test the platform and connection before paying for a Qualification Account.

Trading Rules and Restrictions

What futures can I trade on Bulenox?

Bulenox allows trading on equity futures (ES, NQ, YM, RTY), currency futures (6E, 6B, 6J, etc.), agricultural futures (ZC, ZW, ZS), energy futures (CL, NG), metals (GC, SI), and micro contracts. All positions must close by 3:59 PM CT.

Can I trade micro futures on Bulenox?

Yes, you can trade micro futures including MES, MNQ, MYM, M2K, MCL, and MGC. One standard contract equals 10 micro contracts for position sizing purposes. Micros are great for scaling in during Option 2's early tiers or managing risk tightly.

Can I use trading bots on Bulenox?

Yes, Bulenox allows algorithms, trade copiers, and automated trading systems. They don't provide any algorithms themselves and aren't responsible for technical issues from third-party software. If you experience bot-related problems, contact your software developer rather than Bulenox support.

Can I trade news events on Bulenox?

Bulenox doesn't explicitly prohibit news trading, but they warn that high volatility periods can cause data feed errors and delays. They're not responsible for losses during market instability. Most traders avoid major announcements to prevent slippage issues that could push them into drawdown violations.

What countries are restricted from Bulenox?

Bulenox restricts traders from 100+ countries including Russia, China, Iran, Cuba, North Korea, Syria, and many African nations. Notable restrictions include Hong Kong, Pakistan, Bangladesh, and Venezuela. The list updates periodically based on regulatory requirements.

Is Bulenox available for US traders?

Yes, US traders can fully use Bulenox. You'll receive a 1099-NEC form for tax reporting on your payouts. All payout methods (ACH, PayPal, Wise) work for US residents. There are no special restrictions for American traders.

Multiple Accounts and Policies

How many Bulenox accounts can I have?

You can have unlimited Qualification Accounts and up to 11 active Master Accounts. However, only 3 Master Accounts can be simultaneously active—to activate a 4th, one existing account must reach its starting balance (locking drawdown). All accounts must use the same Rithmic User ID.

Can I combine Bulenox accounts?

You cannot combine multiple Master Accounts into one larger account during the Master phase. However, when you qualify for a Funded Account after 3 payouts, all your active Master Accounts automatically consolidate into a single Funded Account up to the balance cap limits.

Does Bulenox offer refunds?

No, Bulenox has a strict no-refund policy once you register and start using their service. They recommend reading all terms and conditions before subscribing. This is standard for most prop firms.

What tax forms does Bulenox provide?

Bulenox provides 1099-NEC (Non-Employee Compensation) for US citizens and W-8BEN for international traders. You're classified as an independent contractor, not an employee. Forms are sent when you request withdrawals.

How do I contact Bulenox support?

Bulenox offers support through their Help Desk ticket system, accessible in your Member's Area. Support hours are Monday-Friday, 9 AM to 5 PM EST. Response times vary but are typically within 24-48 hours for standard inquiries.

Strategy and Getting Started

What's the best Bulenox account for beginners?

For most beginners, I recommend the $50K Option 2 account. It balances affordable pricing ($175/month) with enough contracts to trade meaningfully, and EOD drawdown forgives intraday mistakes while you're learning. The scaling plan also teaches position sizing discipline.

What's the best Bulenox account for experienced traders?

Experienced traders with proven profitability often prefer Option 1 accounts ($100K or $150K) for immediate full contract access without scaling restrictions. The trailing drawdown is manageable if you're disciplined about locking profits.

How do I pass the Bulenox evaluation fast?

Focus on consistency over big wins—the 40% rule on Master Account will catch you anyway. Trade your normal strategy, don't over-leverage early, and let profits compound naturally. With no minimum day requirement, some traders pass within a week.

Why do traders fail Bulenox?

The most common failure is hitting max drawdown after a few good days raise the trailing floor too high, then giving back profits. Over-leveraging, revenge trading after losses, and ignoring the 3:59 PM close deadline also kill accounts regularly.

How does Bulenox compare to other prop firms?

Bulenox's main advantages are no minimum trading days, 100% split on first $10K, and the dual Option 1/2 structure. Drawbacks include relatively tight drawdowns and the 40% consistency rule.

Quick Reference

What is the Bulenox profit split?

100% on your first $10,000 earned, then 90/10 (you keep 90%) on all profits after that.

What is the minimum Bulenox payout?

$1,000 minimum withdrawal amount.

How many trading days for Bulenox payout?

10 trading days minimum on Master Account, 5 days on Funded Account.

What is Bulenox's consistency rule?

No single day can exceed 40% of your total profit when requesting a withdrawal.

When does Bulenox process payouts?

Every Wednesday.