Bulenox Review
The Bulenox funded trader programme provides traders with a number of cost-effective funding options. Bulenox will be a good fit for micro traders, aggressive trading strategies, and traders searching for more trader-friendly EOD drawdown and structure. Funded accounts go up to $250,000 with a 90% profit split.
Bulenox is a prop firm that provides an efficient platform for aspiring traders to improve their education and skills. You can get a funded traded account and trade without risk using the company’s capital if you pass the evaluation phase.
About
The cutting-edge worldwide platform Bulenox was created by traders for traders. Their ability to integrate a wealth of trading knowledge is what makes their strategy special. By utilising cutting-edge technology that is accessible to all clients, they create a completely new as well as secure access to trading in the international financial markets.
Accessibility for everyone interested in the international financial markets, and particularly the intriguing world of trading in the futures markets, is the key advantage. You no longer need to be concerned about the security of your capital or a high financial threshold in order to participate in trading online thanks to this prop firm. They have accommodating terms that provides traders with complete discretion and a convenient trading schedule. Additionally, their approach is one the most liberal and democratic in terms of remuneration.
Bulenox are a unique platform that enables both professional and novice traders to learn the fundamentals of trading, improve their performance, and have exclusive access to the world’s financial markets without having to put their own money at risk.
Bulenox keep things nice and simple. There is a qualification account which is designed to filter out the good from the bad traders. Those who pass the qualification stage can make it to the master account. The master account gives you a funded account with a generous profit share that foes all the way up to 90%. The process goes as follows:
- Registration – complete a quick and easy registration form without any background checks
- Authorization – download and install the trading platform to connect your Bulenox account
- Qualification – commence trading on your account to show your skill and reach profit targets within the rules
- Master – is you pass the qualification stage you can trade on the master account and get paid depending on your results
Qualification Account
Finding and supporting talented traders is the aim of Bulenox. They work hard to give people all the resources they need to turn their love of trading into a successful joint venture. You can trade at any time and without limitations, using your own strategy.
The qualification stage allows you to show off your trading prowess and concentrate on your own trading strategy. Show that you are a trustworthy trader with good discipline and responsibility, for a chance to get a funded account if you are successful. This requires that you:
- Register and create a personal account
- Choose one of the account sizes
- Start trading on a Qualification Account
- Follow the rules and show the result
Master Account
Bulenox are aware of how a shortage of funds affects one’s capacity to make wise trading choices. They give you complete assistance and professional guidance so you can realise your greatest potential.
A solid, mutually beneficial partnership that promotes both personal and financial success is the best motivation there is. This is how they assist professionals in progressing and reaching new heights. They have some of the highest payouts going up to 90% with the lowest cost of resets and the ability to have multiple accounts at the same time.
- Trade your own strategy from day one
- Get your first $10,000 without commissions
- Earn up to 90% of your profits
- Use the trading terminal for free
There is only a one-time activation price, which also includes a data feed and maintenance fee, for the Master Account with Options 1 and 2. There is no monthly fee. The activation charge depends on the account size you’ve chosen:
- $10,000 Account – $98
- $25,000 Account – $143
- $50,000 Account – $148
- $100,000 Account – $248
- $150,000 Account – $498
- $250,000 Account – $898
Account Tiers
It is great that Bulenox have such a variety of different accounts that can cater to all types of traders. Whatever your trading strategy or investment size, there is something for everyone to get started. You don’t even need to risk your own capital as your risk is limited by the terms of the selected account size. They also have the option of a 14-day free trial if you want to give them a try without making any financial commitment.
| Account Size | Price First Month/ Later Months | Contracts | Goal | Drawdown |
|---|---|---|---|---|
| $25,000 | $145 / $65 | 3 | $2,000 | $1,500 |
| $50,000 | $175 / $75 | 7 | $3,000 | $2,500 |
| $100,000 | $215 / $215 | 12 | $6,000 | $3,000 |
| $150,000 | $325 / $325 | 15 | $9,000 | $4,500 |
| $250,000 | $535 / $535 | 25 | $15,000 | $5,500 |
| $10,000 Micros | $115 / $115 | 5 | $1,000 | $1,000 |
As with all prop trading firms, Bulenox have a set of trading conditions and rules that you need to operate within in order to pass the qualification phase and keep your master account. The rules are clear and simple unlike some prop firms who have all sorts of terms and conditions that can easily trip up traders who aren’t paying enough attention.
The master account is subject to the same regulations as the qualification account, with the exception that the master account cannot be reset. When it reaches the initial starting balance, the trailing or end of day drawdown comes to a stop.
Trading Days
To access the master account, a trader must engage in trading for at least 10 trading days. A trading day is any day that you open a position. You do not need to trade every day. Weekends and Holidays do not count as trading days. There is no maximum limit on how many trading days a trader must trade. The trader can trade until the profit target is reached. Carrying a position over to the next day is allowed on a $10,000 account only.
Trading Times
North American Central Standard Time, the trading day begins at 5:00 pm and finishes at 4:00 pm the next day (CST). Weekends and public holidays are not considered trading days. By 15:30, all positions must be filled (CST).
Targets
The trader’s goal is to hit a profit target in order to transfer funds to the master account. The profit target on the lowest account is $1,000 whereas it goes all the way up to $15,000 on the top account.
Drawdown
You must stay within the drawdown level according to your account type. The maximum drawdown for the entry account is $1,000 whilst the top account has a maximum drawdown of up to $5,500.
Trailing Drawdown
Always following the current amount, which is the same as your profit, is the trailing drawdown. During the trading day, the drawdown is recorded in real-time and includes a commission. Your permitted withdrawal does not alter if your balance drops. The administrator will block the trader’s account if they go over their permitted drawdown. The trader has two options in this scenario: reset or open a new account.
For instance, a trader has a $100,000 account with 12 contracts, with a $3,000 maximum trailing drawdown. This means that at any time, including while holding open trades, the greatest loss you can sustain is $3,000 from the maximum profit point. In this instance, the account will be blocked if it falls below $97,000. The trader started out by opening the first trade, which brought in $800. The maximum drawdown in this situation also shifts, and it will now be $97,800 ($100,800 – $3,000 = $97,800). if the trader has not yet completed the transaction and returned the $300 profit. The trader closes the deal at that point, leaving $100,500. In this instance, the maximum withdrawal still stands at $97,800. The top account balance will always be deducted $3,000 for the maximum drawdown.
End of Day Drawdown
End of day drawdown is updated in the Master Account and during your Qualification at the conclusion of each trading day. Only at the end of the trading day, when the profit is realised, will the end of day drawdown be considered. At the conclusion of the trading day, when your account balance achieves a new high, it is updated. The end of day trailing drawdown always tracks the daily closing balance, which is the same as your profit. After qualification and for the master account, the end of day stops moving when the end of day reaches the initial balance.
Position
The simultaneous trading of normal and micro contracts is possible. Ten micro contracts are represented by one standard contract.
Position Size Limit
The selected account will determine the maximum position size. A trader may hold multiple positions at once. There is a maximum of 5 micro contracts allowed on the smallest account and 25 contracts allowed on the top account type.
Dynamic Scaling Plan
The cash on hand value determines your scaling purchasing power. You can trade more or fewer contracts as your account profit rises or falls. The total number of contracts available for trading may change depending on the withdrawal amount.
| Account Size | Total Contracts |
|---|---|
| $10K EOD Account Scaling | |
| No scaling | 5 Micro-Contracts Max |
| $25K EOD Account Scaling | |
| $0 – $1,500 | 2 Contracts Max |
| $1,501 + | 3 Contracts Max |
| $50K EOD Account Scaling | |
| $0 – $1,500 | 2 Contracts Max |
| $1,501 – $4,000 | 4 Contracts Max |
| $4,001 + | 7 Contracts Max |
| $100K EOD Account Scaling | |
| $0 – $2,000 | 3 Contracts Max |
| $2,001 – $3,000 | 5 Contracts Max |
| $3,001 – $5,000 | 8 Contracts Max |
| $5,001 + | 12 Contracts Max |
| $150K EOD Account Scaling | |
| $0 – $4,000 | 5 Contracts Max |
| $4,001 – $8,000 | 8 Contracts Max |
| $8,001 – $12,000 | 10 Contracts Max |
| $12,001 + | 15 Contracts Max |
| $250K EOD Account Scaling | |
| $0 – $5,000 | 6 Contracts Max |
| $5,001 – $12,000 | 12 Contracts Max |
| $12,001 – $20,000 | 18 Contracts Max |
| $20,001 + | 25 Contracts Max |
Daily Loss Limit
Your daily loss cap is the maximum amount you can lose each day. Every trading day from 5:00 p.m. to 4:00 p.m. Central Time, your daily loss is calculated based on your profit and loss, which includes commissions and real-time/unrealized trades. The RTrader software allows for tracking of the daily loss cap.
- 10K Account – $400 Daily loss limit
- 25K Account – $500 Daily loss limit
- 50K Account – $1100 Daily loss limit
- 100K Account – $2200 Daily loss limit
- 150K Account – $3300 Daily loss limit
- 250K Account – $4500 Daily loss limit
If you are exceeding the Daily Loss Cap, the administrator will block the trader’s qualifying account. The trader has two options in this scenario: reset or open a new account.
Daily loss limits will be removed after the maximum drawdown threshold reaches the account’s starting balance. (For example: $103,000 on a $100,000 account).
Commission
The commission depends on the instruments that will be used for trading but they are generally very competitive and inline with the industry standards. At the end of the day, you will probably want to be using a trading strategy that is not going to be dependant on low commission fees to succeed as this might not be sustainable in the long run.
Reset
If a trader has reached the maximum drawdown, they can apply to reset the account balance and start again by paying a fee of $78. The reset is processed immediately, a notification about the reset will be sent by email.
The reset merely modifies the starting balance so that the subscribed trader can continue to trade on the account. No prior gains or losses will be taken into account. Additionally, the prior 10 trading days must not include any of the active trading days. Ten trading days will once more be required of the trader.
The subscription to the qualification account’s expiration date is unaffected by reset. Until you decide to cancel it yourself, the subscription is automatically renewed every 30 days.
Multiple Accounts
If all of the approved qualification accounts are registered with the same Rithmic User ID, a trader may subscribe to several qualification accounts simultaneously. Following approval, traders are permitted to handle multiple master accounts concurrently. When max drawdown surpasses the basic beginning sum, each ensuing master account is examined separately and might be added. It is not possible to combine several master accounts into a single larger account. If you require more information, kindly get in touch with support.
At Bulenox.com, a trader may only register one login. When you subscribe to a qualification account, a Rithmic User ID will be generated. There will only be one Rithmic User ID because the trader will only have one login for bulenox.com.
Profit Share
The trader is compensated directly for the outcomes on the master account. The first $10,000 earned is transferred commission-free to the trader’s bank account.
After $40,000, the prop firm keeps 20% of the profit as commission; the trader gets the remaining 80%. The firm retains 10% of the profit after the first $50,000 has been withdrawn, and the trader gets the remaining 90%.
When money is transferred to a personal bank account, the commission is assessed. Anytime during the month, payment may be asked for. The first and sixteenth days of the month are used to process all payments.
The master account, which is compensated depending on performance and meant for advanced instruction. Individual traders would receive a special offer from Bulenox capital partners if they have demonstrated results-oriented behaviour for a long-term partnership. With each trader, the terms and conditions are individually discussed. The trader has the option of staying on the master account or being moved to one of their partner accounts.
Payout
After the trader has traded for at least 20 or more separate trading days, the first payout request may be made. After the Trader has traded for at least 12 distinct trading days following the Trader’s last withdrawal, the Trader may submit a request for the second and third payments. The fourth and any succeeding payments may be requested at any time.
A withdrawal of 1-3 payments must be at least $1,000. The minimum withdrawal for a $10,000 account is $500. The maximum withdrawal amount is based on the balance of the account:
- $10,000 account – $750
- $25,000 account – $1,000
- $50,000 account – $1,500
- $100,000 account – $1,750
- $150,000 account – $2,000
- $250,000 account – $2,500
There is a reserve limits for withdrawal safety. The minimal amount that must remain in the trader’s account before a withdrawal is permitted is known as the withdrawal safety threshold reserve.
- $10,000 Account – $1,100
- $25,000 Account – $1,600
- $50,000 Account – $2,600
- $100,000 Account – $3,100
- $150,000 Account – $4,600
- $250,000 Account – $5,600
Upon the end of the Master agreement, the Trader is permitted, according to the conditions of the Master agreement, to withdraw the safety threshold reserve.
Volatility
Trading is highly perilous during times of instability and high volatility, therefore trading terminals and data feeds may be subject to mistakes and delays. Bulenox cannot be held responsible for software interruptions or delays or internet outages.
Platforms
The main platforms that you can trade your Bulenox account with are NinjaTrader and Rithmic R Trader Pro. These are two top trading platforms used by retail and institutional traders who require powerful trading tools for conducting in-depth market analysis. They have everything you need for studying charts, placing and managing trades.
Unfortunately, the MetaTrader platform is not available which might deter some traders. That is because it is one of the most widely used forex trading platforms. If you are looking for a prop firm with MT4 or MT5, then you might consider The Funded Trader as another option. Otherwise, Bulenox also support a range of other trading platforms including:
NinjaTrader
NinjaTrader’s award-winning trading software is consistently voted an industry leader by the trading community. Featuring 1000s of Apps & Add-Ons for unlimited customization, NinjaTrader is used by over 40,000 traders for advanced market analysis, professional charting and fast order execution.
- Real-time futures data
- Unlimited real-time forex data
- Advanced charting
- Trade simulator
- Strategy development and backtesting
Rithmic R Trader Pro
R Trader Pro is R Trader with charts and a real-time interface to and from Microsoft Office Excel. In addition to all the functionality of R Trader, with R Trader Pro you can view about 100 studies and stream them in real-time into Microsoft Office Excel spreadsheets.
With the power of Excel, you may develop your own indicators and, using Rithmic’s two-way real-time interface, you may configure trades to be sent back into R Trade Execution Platform through R Trader Pro, automatically or with the click of a button.
- Charting with indicators
- Server-Side OCOs
- Bracket Orders-Trailing stops
- Unfiltered Data
- Excel Trading
- Group Orders
It is the trader’s obligation to ensure that the right status, either professional or non-professional status, is chosen when they sign a user agreement with Rithmic. Once a status is chosen, neither the qualification account nor the master account will allow for its modification.
A professional trader is obliged to pay $112 every month for exchange data feed (CME, CBOT, NYMEX, COMEX). Non-professional traders are exempt from paying for the exchange data stream. The Qualification Account contains this.
Instruments
Bulenox have a generous selection of futures trading instruments. You can trade Equity Futures, Interest Rate Futures, Currency Futures, Agricultural Futures, Energy Futures, Metal Futures and Micro Futures. However, they are lacking in individual stocks. If this is something that you are looking for, then you could consider SurgeTrader as an alternative option.
Free Trial
If you have never used or registered with Rithmic before, you can get a free 14-day (10 trading days) trial account from them. The trader has the option to buy a qualification account after the trial period is up. This might not be enough time to make a decision but it is advantageous none the less as not all prop firms provide a free trial.
| Maximum capital | $250,000 |
| Profit split | Up to 90% |
| Scaling | Yes |
| News trading | Yes |
| Weekend trading | Yes |
| Automated trading | No |
| Free trial | Yes |
| Maximum leverage | N/A |
Overall, there is a lot to like about Bulenox. They have a good selection of account tiers for all types of trader with very reasonable fees and straight forward trading conditions. You can get the first $10,000 commission free and choose from multiple evaluation paths prior to getting a funded account. The profit potential can go up to a very generous 90% share whereas they have an excellent selection of trading terminals that you can trade on. There is a decent selection of futures for trading but MetaTrader and individual stocks are lacking. Despite this, they are one of the top prop firms for US traders who want to trade futures on NinjaTrader or Rithmic R Trader Pro.
What is Bulenox?
By integrating its many years of trading experience, the business has developed a distinctive strategy for managing the sponsored programme. This has made it possible for the company to create a brand-new, secure access to trading the global financial markets. This was accomplished by making state-of-the-art technology accessible to each client of the company.
What happens after I pass the qualification stage?
Through your Bulenox account on the website, send them a ticket with the following details:
Full name, email address, and Rithmic user ID are required. If you have several accounts, enter the account numbers.
It may take up to 48 hours for verification. You will get an email with a certificate, instructions, questionnaire, and contract once all of your information and accounts have been verified.
A qualification account subscription is no longer necessary. The administrator will end the qualification account’s subscription.
What payment methods can I use?
Can I change my subscription?
How do I cancel my subscription?
What is the refund policy?
Do you accept individual and business registration?
What are the minimum amount of trading days?
Is Bulenox legit?
How do I get a Bulenox evaluation account?
Full name
Choose login
Create password
Choose the preferred account size in your Bulenox profile
After the aforementioned procedure is finished, you will be taken to a payment page. You can discover the required registration fee for the selected account size. Payments can be made with PayPal or credit/debit cards. You will quickly get access to the evaluation account (Qualification Account) after payment has been validated. After that, you can start the process of passing the Qualification Account and qualifying for a funded account (Master Account).
Are there consistency rules for Bulenox?
Can traders reset their Bulenox accounts?
The trader can continue trading on the Account to which they have subscribed after the reset updates the starting balance. The trader is starting over, therefore the reset does not keep track of previous losses or wins. The proactive trading days will also not be counted towards the minimum requirement of ten trading days. The trader will thus have to begin the ten trading days over again.
The trader just receives the initial account balance after the reset, along with the usual tunes like profit target, total number of contracts, and drawdown. It should be noted that selecting the reset option has no impact on the Qualification Account’s subscription’s expiration date. Until the trader cancels the subscription or passes the Qualification Account, the subscription is renewed automatically every 30 days.
Below are the steps on how traders can activate a reset on their accounts:
First, log in to your Account at the firm’s website with your apprrelevantin details.
After logging in, navigate your account profile and click “reset the account.”
Follow the instructions to pay the reset fee of $78.
