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Bulenox is one of my personal favorite firms. They offer a competitive evaluation and unrestricted funded account, but because they don’t market much, they are still slept on. In this guide, I will go over everything you need to know about the Bulenox evaluation and funded account.
Similar to Apex Trader Funding, Bulenox sometimes has large sales of 80-90% off of the evaluation cost. They offer only several advantages over other firms, which include the ability to trade news freely and utilize max size from day 1 (on the trailing drawdown account). This is dangerous for beginners – I highly recommend against doing either of those things. But if you are an experienced trader, this kind of freedom is refreshing.
My impressions from doing their evaluation and funded accounts is that it’s a small team that just wants to provide funding and make money. They have helped me on a few individual issues that I expect other firms to have refused on.
I hope this guide covers everything there is to know about Bulenox.
Check this guide if you are completely new to the idea of funded accounts, so you understand the basic setup.
The Evaluation
Bulenox offers 5 account sizes, shown below. These are all Rithmic-compatible accounts. Each account is available with the typical trailing drawdown account, or an EOD trailing drawdown.
Try the coupon code “DOJIDOJO” when you sign up, as it will always apply the highest discount available, which is typically better than the discount shown on the home page.
Signing Up for the Evaluation
Note: if you’re unsure, Bulenox does offer a 14-day trial for you to test out the evaluation.
When you’re ready to sign up, click the “Join Now” button on the main page. This will take you to a sign up page that will create your account at the same time. You will have to pick an account size here, since there doesn’t seem to be an option to register without starting an evaluation at this time.
You will have to supply a username, email, and personal information like your address and payment method. Bulenox offers Paypal for those who do not want to use a credit card.
After you agree to the Terms of Use, you will be taken to a page to provide your credit card.
Double check again that you have selected the right account size, and pay for the account. After a short time, usually less than 1 hour if it’s still morning (in the US), you will receive an e-mail and your account will be set up for you to start trading the same day.
Rules of the Evaluation
You can take as long as you need to pass the evaluation, but know that you will be billed monthly, until you pass or cancel the subscription. You can use any strategy you like, but be sure your positions are closed by 3:59 PM EST each day.
I mentioned earlier that Bulenox has a mostly unrestrictive system, which is true for the trailing drawdown account. However, there are a few distinctions to make between the two account types.
Trailing Drawdown Account Rules
For this account, there are no scaling rules, consistency rules, daily loss limits, or restrictions on trading news for this account.
EOD Account Rules
The EOD account comes with a few rules on both the evaluation and funded account, including a scaling rule and daily max loss hard limit. If you hit this daily loss limit, you will fail the evaluation.
The smallest EOD Account option is a $10,000 account that can only trade micro contracts – there’s no scaling on this account. For the rest, the details are below.
Scaling System
| Bulenox EOD Accounts | $25,000 Account | $50,000 Account | $100,000 Account | $150,000 Account | $250,000 Account |
| 2 contracts | $0-$1,500 | $0-$1,500 | – | – | – |
| 3 contracts | $1,501+ | – | $0-$2,000 | – | – |
| 4 contracts | – | $1,500-$2,000 | $2,001-$3,000 | $0-$4,000 | – |
| 5 contracts | – | – | – | – | – |
| 6 contracts | – | – | – | – | $0-$5,000 |
| 7 contracts | – | $4,001+ | – | – | – |
| 8 contracts | – | – | $3,001-$5,000 | $4,001-$6,000 | – |
| 9 contracts | – | – | – | $6,000+ | – |
| 10 contracts | – | – | – | $8,001-$12,000 | – |
| 12 contracts | – | – | $5,001+ | – | $5001-$12,000 |
| 15 contracts | – | – | – | $12,001+ | – |
| 18 contracts | – | – | – | – | $12,001-$20,000 |
| 25 contracts | – | – | – | – | $20,001+ |
while you have to wait until $8,000 profits to trade just 10 contracts on the $150,000 account.
Daily Max Loss Limits
| Bulenox EOD Accounts | Daily Max Loss |
| $10,000 | $400 |
| $25,000 | $500 |
| $50,000 | $1100 |
| $100,000 | $2200 |
| $150,000 | $3300 |
| $250,000 | $4500 |
Flipping
Flipping is allowed during the evaluation as well. I reached my profit target in 3 days, and then took a quick entry/exit on the 4th and 5th day, and passed with no issues.
Trading Programs, Bots, and Copiers
Bulenox permits trading copying, algorithmic trading, and any kind of automated trading you wish to use. But any issues arising from technical issues are on the trader.
Passing the Evaluation
If you reach the profit target, avoid hitting your trailing drawdown (and Daily Loss Limit for the EOD account), and trade for a minimum of 5 days, you will be pass your evaluation. What next?
First of all, the profits on the evaluation are only for the evaluation – you don’t get to keep any of them. But if you’ve passed, you must go to the Bulenox site, and log in to access the “Passed Qualification Request” page.
At Bulenox, this funding process is not automated, so be ready to take this step yourself to avoid the unnecessary subscription payment if you end up passing close to the payment date.
Upon filling out this form, you must wait for Bulenox to get back to you. They will not be able to check your account until the end of the 5th day, so you cannot get funded on day 5 and begin trading that same session.
Afterward, you will be sent an invoice for the account activation fee. This fee is dependent on the account size, which you can see below.
| Bulenox Funded Accounts | Activation Fee (non-recurring) |
| $10,000 | $98 |
| $25,000 | $143 |
| $50,000 | $148 |
| $100,000 | $248 |
| $150,000 | $498 |
| $250,000 | $898 |
The Funded Account
After you’ve submitted your passed qualification request and paid the activation fee, Bulenox will provide you with your funded account within a business day or two.
This “Master Account”, depending on which account type you signed up for (Trailing Drawdown or EOD Drawdown), will work the same as during the evaluation. Don’t hit your trailing drawdown, trade more size than you’re allowed, or leave positions open at the end of the day.
If you managed the rules during the evaluation, you should be fine in the Master Account. The only difference is that now you are working to earn real profits.
Funded Account Rules
The only rules to be aware of are the trailing drawdown, daily loss limit (EOD account only), and scaling (EOD account only). Other than that, you can do just about anything.
While the rules are the same as the evaluation for each account, there is a special exception made for the $10,000 EOD account. Positions on this account cannot exceed 5 micro contracts, but you can hold trades into the overnight session at any time, except weekends. The instruments you can hold overnight are MES (Micro S&P), MNQ (Micro Nasdaq), M2K (Micro Russel), and MYM (Micro Dow).
Every other account must have positions closed before 3:59 PM EST everyday, like during the evaluation.
Withdrawing Profits from your Funded Account
Bulenox pays the first $10,000 of profits to the trader, with a 90/10 split after that. This is a competitive bonus and 90/10 is the standard as of 2024.
Before you can withdraw profits, however, there’s a series of requirements you have to meet. There’s a requirement for trading days, consistency, and even maintaining a certain balance during payouts.
Payouts can be requested at any time during the calendar month, and they are processed once a week, on Wednesdays.
Days Required
You must have a minimum of 10 trading days between each payout.
Consistency Rule
The consistency rule here is set at 40%. This means that no single day’s profits should exceed 40% of your total profits since the last payout. This works to subvert any attempts of hitting the profit target on a massive trade, and flipping the rest of the days to reach 10.
If you are earning too much in a single day, you will have to earn more overall to be eligible for the next payout, once you hit 10 trading days (or more).
Withdrawal Safety Threshold
The concept of a safety net or withdrawal threshold is nothing new. Most firms implement this in some way to prevent traders from withdrawing everything and blowing their account shortly after a single payout.
At Bulenox, the safety thresholds are as follows.
| Bulenox Accounts | Withdrawal Threshold (must stay in Account) | Minimum Withdrawal Amount | Maximum Withdrawal Amount (first 3 payments) |
| $10,000 | $1,100 | $500 | $750 |
| $25,000 | $1,600 | $1,000 | $1,000 |
| $50,000 | $2,600 | $1,000 | $1,500 |
| $100,000 | $3,100 | $1,000 | $1,750 |
| $150,000 | $4,600 | $1,000 | $2,000 |
| $250,000 | $5,600 | $1,000 | $5,500 |
So if you are on the $50,000 account, and have a $3,200 profit after 10 or more trading days, you can withdraw up to $600. $2,600 must remain on the account until after your third successful payout.
After the third, you can withdraw as much as you want.
Certain Profits May Be Withdrawn after Blowing Up your Account
Bulenox says that “subject to the provisions of Master Agreement, Trader is entitled to withdraw safety threshold reserve upon the termination of Master Agreement.” So if you happen to blow your account but have a significant balance left, don’t forget about this, and pull out the remaining balance.
Multiple Accounts
Bulenox permits traders to have 3 simultaneous Master Accounts of any size. If you want to have a 4th, you must bring the trailing drawdown of one of your first 3 accounts up to the initial balance + $100 (where it stops). After this, to add more accounts, you must do the same for your most recently activated Master Account.
This continues until you reach 11 accounts, which is the maximum you are allowed.
If you want more accounts, you are out of luck – if Bulenox finds out that you used multiple logins to try to circumvent the limit, you will be banned and lose everything you’ve made, with no refunds.
Bulenox Compatible Platforms
I typically use Rithmic or Quantower, both of which can be used here. NinjaTrader is a commonly used platform as well, and a free license is provided upon passing the evaluation.
Conclusion
Bulenox provides a straightforward process for both getting funded and withdrawing profits. If you’re an active day trader (assuming you have a good strategy), the requirements shouldn’t be much of a barrier for getting your first $10,000.
I recommend Bulenox to any experienced day traders. If you’re still a beginner, their $10,000 EOD account is a great place to start.
I also recommend taking advantage of their semi-frequent sales. If there’s a big sale going on at a firm like Apex Trader Funding, it’s likely that Bulenox is offering something similar. Use the code DOJIDOJO just to check before you sign up for any new accounts.
Any questions or feedback? Leave a comment, or let me know via Discord!
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