Jeremy Biberdorf
By: Jeremy Biberdorf
July 10, 2023

Bulenox Review 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
July 10, 2023

Disclosure

Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
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4.5/5

4.5 rating based on 5 ratings

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In a Nutshell: Bulenox is a proprietary trading firm that focuses on futures trading, providing a conducive environment for traders to excel. It offers diverse account sizes, ranging from $25,000 to $250,000, flexible trading rules, and competitive pricing to suit a variety of trading strategies and risk appetites.

Bulenox is also praised for its user-friendly administrative processes, prompt payouts, and excellent customer service. Offering a structured pathway to becoming a fully funded trader, Bulenox provides an excellent platform for those seeking to advance their trading career.

Keep reading for our full review of Bulenox below.

Service TypeFees Promotion
Proprietary Trading FirmVariesCoupon Code ‘MM40’ for 40% off
Pros & Cons
Pros
  • Wide range of account sizes ($25,000 to $250,000)
  • High payout rates for traders
  • Great customer service
  • User-friendly rules and flexible trading conditions
  • Reliable and prompt payout system
  • Wide variety of futures instruments to trade
Cons
  • Trading restricted to futures contracts
  • Traders must maintain vigilance over maximum drawdown
  • A minimum of five trading days required to progress to Master Account

Bulenox Overview

Initial Capital$25,000 – $150,000
Price Range$115 – $535
Profit Split90%
Daily Loss2% – 4%
Max Drawdown10% – 2.2%
Profit Target10% – 6%
Tradable ProductsEquity, Forex, Agricultural, Energy, Interest Rate, Metals

What is Bulenox?

bulenox.com website

Bulenox is an emerging proprietary trading firm, focusing on futures trading, that has quickly made a name for itself in the trading community. Established to cater to the needs of both budding and seasoned traders, Bulenox offers a dynamic platform that combines flexibility, diversity, and user-centric policies to create an optimal trading environment.

Core Offerings and Mission

At its core, Bulenox’s mission is to streamline the path to becoming a fully funded trader. The firm offers a range of account sizes, from $25,000 to $250,000, allowing traders to choose an option that best suits their strategy and risk tolerance. This flexibility extends to their trading rules, which are designed to be accommodating yet structured, providing traders with the right balance of freedom and guidance.

Unique Trading Environment

What sets Bulenox apart is its emphasis on futures contracts, offering traders a wide variety of futures instruments to choose from. This focus allows traders to specialize in a market that is known for its liquidity and potential for high returns. The firm’s administrative processes are praised for being straightforward and trader-friendly, ensuring that the focus remains on trading performance rather than bureaucratic hurdles.

Customer Service Excellence

Bulenox also prides itself on excellent customer service, which is reflected in the prompt and reliable payout system and the responsive support team. These aspects are crucial in maintaining trader confidence and ensuring a smooth operational experience.

Advancing Trading Careers

For those looking to advance their trading careers, Bulenox offers a structured progression pathway. Traders start with a Qualification Account and, upon meeting specific targets, can progress to a Master Account, where they trade with the firm’s funds and reap higher rewards. This progression system is designed to both test and nurture a trader’s skills, making it an ideal platform for serious traders committed to growing their careers.

External Bulenox Reviews & Ratings

SiteRating
Trustpilotbulenox trustpilot review
Scam Advisor4.7 from 146 reviews
Online Prop Trading4.7

Firsthand User Experience with Bulenox

Here are some reviews from traders who have experienced the platform firsthand:

“I have been on board with Bulenox for some time now and my experience has been positive. The staff is knowledgeable and quick to respond to all questions. They have been very helpful. I have received payouts and that process was literally very smooth and simple. Bulenox is a great company!”
“Every interaction with Bulenox has been really smooth. Whenever there was a glitch (and glitches were rare ), they promptly fixed the problem. The customer-service team is A+. Everything is openly stated in the FAQs. There are no “hidden” fees. I have made only 1 withdrawal so far and the money hit my bank account on the day it was supposed to (as spelled out in FAQs) . Zero negative experience with them so far in the last several months of trading with them.”
“First, Bulenox has done exactly what they say on their website. I met all the rules to pass the evaluation, traded the Master account for 10 days, and received my 1st draw on the 3rd business day after my request. They pay every Wednesday. I really like the 5 day minimum days of trading to pass the evaluation using my scalping plan.”
“Very responsive, I send them questions almost every day and they always get back to me with a prompt reply and always do their best to help. Whenever I find a competitor’s price better, they will be very willing to match their offers. I received a couple of payouts as an affiliate and working towards getting my funded accounts to payout levels. The technical platform relies on Rithmic’s data servers and their paper trading server, which for the most part is quite reliable.”

General Rules at Bulenox: A Focus on Futures Trading

At Bulenox, the overarching mission is to provide a conducive environment for futures traders to excel. Its rule set is constructed with this objective in mind and centers around key aspects such as trading days, time restrictions, position sizes, and trading objectives.

  • Trading Days & Time: A crucial stipulation is that a trader must trade for at least five days to progress to the Master Account. The trading day is defined from 5:00 PM to 4:00 PM the following day, North American Central Standard Time (CST). This period excludes holidays and weekends. Importantly, all positions must be closed by 3:59 PM (CST).
  • Position Size & Objective: Bulenox allows a trader to have multiple positions simultaneously, but the maximum position size is determined by the selected account type. The core objective for each trader is to reach a specified profit target to ascend to the Master Account.
  • Trailing Drawdown: Traders need to maintain vigilance over their maximum drawdown, which should never be exceeded. This is a key risk management measure in place to ensure long-term sustainability.
  • Instruments: At Bulenox, a trader can simultaneously trade standard and micro contracts. They offer a broad range of futures instruments including Equity, Interest Rate, Currency, Agricultural, Energy, Metal, and Micro Futures, catering to the diverse needs of its traders.

This set of rules creates a structured, yet flexible, trading environment that accommodates various trading styles and strategies. With a clear focus on futures trading, Bulenox provides the framework and variety necessary for traders to achieve their trading objectives.

Account Types and Pricing Overview at Bulenox

Bulenox offers a wide variety of account sizes to match various trading strategies and risk appetites. Account sizes range from $25,000 to $250,000, allowing traders to select an option that aligns with their personal financial objectives and trading prowess.

$25,000 Account

The $25,000 account permits a maximum of 3 contracts and sets a profit target of $1,500. For this account, traders keep 100% of their first $10,000 in profits. The monthly fee is $145.

$50,000 Account

For the $50,000 account, traders can handle a maximum of 7 contracts with a profit target of $3,000. Traders retain 100% of their first $10,000 in profits. The standard monthly fee is $175 but can be reduced with a coupon.

$100,000 Account

The $100,000 account allows up to 12 contracts with a profit target of $6,000. Traders keep 100% of their first $10,000 in profits. The regular monthly fee is $215, but a coupon is available for a discount.

$150,000 Account

With the $150,000 account, a maximum of 15 contracts can be handled, with a profit target of $9,000. Traders keep 100% of their first $10,000 in profits. The monthly fee for this account size is $325.

$250,000 Account

The largest account size, the $250,000 account, allows up to 25 contracts with a profit target of $15,000. As with the other accounts, traders retain 100% of their first $10,000 in profits. The monthly fee is $535.

Each account type offers two trading options: the ‘No Scaling Account,’ allowing traders to trade at maximum contract size from day one, and the ‘EOD Account,’ which sets trading restrictions based on the account’s current balance. These choices offer flexibility, allowing traders to select an account that aligns with their trading style, experience, and financial ambitions.

Becoming Funded and Earning Profits with Bulenox

how bulenox works

The journey to becoming a funded trader and earning profits with Bulenox is a two-step process: starting with the Qualification Account and then transitioning to the Master Account.

Step 1: The Qualification Account

bulenox qualification account

Your journey begins with the Qualification Account, a testing platform where you prove your trading skills. After registering and setting up your account on Bulenox, you choose the account size you wish to trade with, ranging from $25,000 to $250,000.

During the qualification process, you are expected to demonstrate your trading proficiency by meeting specific targets and adhering to Bulenox’s risk management rules. One key rule is the daily loss limit which ensures that if losses reach a certain level in a single trading day, trading is halted for that day to prevent further losses.

The goal during this phase is to reach the set profit target and trade for at least a specified number of days while keeping drawdowns within the designated limit. The number of trading days, profit target, and drawdown limit depend on your chosen account size.

Successful completion of the qualification phase qualifies you for a funded trading account with Bulenox.

Step 2: The Master Account

bulenox master account

Once you pass the qualification stage, you graduate to the Master Account, where you trade with Bulenox’s funds. This account has similar rules to the Qualification Account, but you can no longer reset the account. The trailing or end-of-day (EOD) drawdown stops moving when it reaches the initial starting balance.

The Master Account is designed for long-term relationships, allowing you to receive unique offers from Bulenox’s partners in the future. With this account, you are paid directly based on the results achieved. The first $10,000 earned is withdrawn to your bank account without any commission. After withdrawing the initial $10,000, Bulenox’s commission is 10% of the profit, leaving 90% for the trader.

Payouts can be requested at any time during the calendar month, and they are processed weekly on Wednesdays. Payout requests can be processed after the trader has completed at least ten individual trading days. The minimum and maximum withdrawal amounts depend on the account size.

By following these steps, you can successfully transition from a novice trader to a fully funded trader with Bulenox, earning profits by leveraging the firm’s capital while gaining invaluable trading experience.

Profit and Withdrawals

On the Master Account, the first $10,000 earned is withdrawn without commission. Following this, Bulenox’s commission is 10% of the profit, with the trader receiving the remaining 90%. The commission is charged during the transfer of funds to a personal bank account.

Payout requests can be made anytime within a month, with all payouts processed once a week on Wednesdays. Payout requests can only be processed after at least ten individual trading days have been completed by the trader. The minimum withdrawal amount for 1-3 payments is $1,000 ($500 for a $10,000 account).

Each account size also has a maximum withdrawal limit:

  • $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

The accounts have a set withdrawal safety threshold reserve, defined as the minimum amount required to remain in the account for withdrawal.

Upon termination of the Master Agreement, a trader is entitled to withdraw the safety threshold reserve.

User Reviews: High Praises for Bulenox

The positive feedback for Bulenox is abundant, with a wealth of satisfied traders echoing their positive experiences. Boasting a stellar 4.8 out of 5 stars rating on Trustpilot, the firm has successfully met and often exceeded the expectations of its user base.

Many traders have been with Bulenox since the early days, standing witness to the company’s consistent evolution aimed at improving the trading experience. A standout feature is the reliable and efficient payout system. Users report that their earnings are transferred promptly through Wise, hitting their accounts every Wednesday before noon.

The quality of Bulenox’s customer service is also a common highlight among reviews. Traders appreciate the quick response times and the genuine effort to support their trading journey. The firm is praised for its understanding of the high-stress nature of trading and its determination to provide reliable support.

Another key aspect that users appreciate is Bulenox’s competitive spirit. The company is known to match and beat discounts, ensuring its traders receive the best deal possible.

The user-friendly rules and a less restrictive environment have set Bulenox apart from other prop trading firms. The absence of stringent rules such as compulsory trading on tier 1 news or mandatory 15-day trading before moving to step 2, has made Bulenox an appealing choice. Traders appreciate the firm’s focus on enabling profit-making rather than creating obstacles.

In terms of administrative processes, users have reported seamless interactions. From swift responses to help desk submissions, timely activation of trading post evaluations, to a smooth withdrawal process – Bulenox’s commitment to providing a hassle-free experience is evident.

The positive feedback doesn’t stop there. Some traders consider Bulenox the best futures prop firm they’ve been with, appreciating aspects like the 40% consistency rule and capped payout for the first 3, which are seen as measures to curb overtrading and greed.

With such glowing reviews, it’s clear that Bulenox has built a platform that resonates with traders and empowers them to achieve their trading goals.

Is Bulenox Worth It?

bulenox benefits

Comprehensive Trading Support

Bulenox stands out in the proprietary trading firm landscape for its comprehensive support to traders. This support extends beyond just financial aspects to include educational resources, risk management guidance, and a community where traders can share strategies and insights.

Account Options and Profitability

The wide range of account options caters to traders with different capital availability and risk appetites. The profit split, which is highly competitive, ensures that traders are adequately rewarded for their successful trades. The straightforward payout system adds to the platform’s appeal, offering transparency and reliability in earnings.

  • Competitive Pricing and Discounts: Bulenox offers competitive pricing structures for its accounts, which are further sweetened by discounts and price match guarantees. These financial incentives make it an attractive option for traders looking for cost-effective ways to access the futures markets.
  • User-Friendly Platform: With its focus on user experience, Bulenox provides a platform that is intuitive and easy to navigate. This ease of use is a crucial factor for traders who need to make quick and informed decisions in the fast-paced futures market.
  • Trading Environment: The trading environment at Bulenox is conducive to learning and growth. It provides traders with the necessary tools and resources to develop and refine their trading strategies.

Incredible Discounts and Price Match Guarantee

Bulenox stands behind its competitive pricing with a fantastic price match guarantee. They promise to match prices from any funded trading company worldwide. But it doesn’t stop there – Bulenox goes the extra mile by offering an additional 5% off the matched price.

To take advantage of this offer, simply bring a promo code from any other funded trader company, and you can get the same deal at Bulenox. It’s worth noting that to qualify for this offer, the account size and trailing risk parameter need to be the same as in the original offer.

Reviewing Bulenox Alternatives

TopStepTrader

  • Overview: A well-known proprietary trading firm specializing in futures and forex trading.
  • Why Choose: Ideal for traders looking for a blend of education and trading opportunities. Known for its comprehensive trader development program and supportive community.
  • Comparative Advantage: Offers a unique combination of trading education, a robust community, and competitive profit splits.

Learn More About TopStepTrader

OneUp Trader

  • Overview: Focuses on providing traders with an opportunity to trade futures contracts with no risk to personal capital.
  • Why Choose: Suitable for traders who value a straightforward evaluation process to access funding.
  • Comparative Advantage: Known for its simple evaluation criteria and a wide range of partnership brokers.

Learn More About OneUp Trader

Earn2Trade

  • Overview: Offers educational courses alongside the opportunity to trade a funded account.
  • Why Choose: Best for traders who are looking for educational support as they progress in their trading careers.
  • Comparative Advantage: Combines education and trading, providing comprehensive support to new traders.

Learn More About Earn2Trade

Bulenox Review Final Thoughts

Bulenox has positioned itself as a significant contender in the world of proprietary trading. Its structured yet flexible trading environment provides the needed platform for both novices and experienced traders to succeed. With clear, user-friendly rules and a diverse array of futures instruments, it allows traders to diversify their strategies while effectively managing risk.

Bulenox’s major strengths are its emphasis on customer service and trader satisfaction. Its quick response time, a painless administrative process, and a reliable payout system all contribute to a seamless trading experience. With these aspects in place, traders can focus more on their trading strategies and less on operational nuances.

The platform’s pricing structure and account variety cater to a broad spectrum of traders, from those just starting their trading journey to seasoned professionals. Furthermore, Bulenox’s commitment to offering the best deal through discounts and price match guarantees is commendable.

While no trading environment can guarantee success, Bulenox offers a nurturing and supportive platform that empowers traders to build their skills, test their strategies, and potentially earn substantial profits. It provides the structure, support, and flexibility needed for a successful trading career.

The overwhelmingly positive user reviews suggest that Bulenox delivers on its promise to facilitate successful futures trading.

If you’re interested in stepping into the world of proprietary trading or looking for a more supportive and flexible trading environment, Bulenox is definitely worth considering. It seems to be a platform that truly understands the needs of its traders and is committed to helping them succeed. Click here to learn more.

Use Coupon Code ‘MM40’ for 40% off on Bulenox!

Frequently Asked Questions

Bulenox offers a wide variety of futures instruments, including Equity, Forex, Agricultural, Energy, Interest Rate, and Metals contracts. This diversity allows traders to choose instruments that best fit their trading style and market understanding.

The maximum drawdown varies based on the account size but generally ranges between 10% to 2.2%. It’s a critical measure to ensure traders manage risk effectively.

Yes, once your account is set up and funded, you can start trading immediately. Bulenox prides itself on its streamlined administrative processes, allowing traders to focus on trading rather than paperwork.

Bulenox processes payouts weekly, and the first $10,000 earned is withdrawn without commission. After this, the trader retains 90% of the profits, with Bulenox taking a 10% commission.

While Bulenox primarily focuses on providing a trading platform, it also offers various resources to help traders improve their skills. This includes market analysis, strategy discussions, and risk management guidelines.

Bulenox’s platform is designed with user-friendliness in mind, ensuring traders of all levels can navigate and utilize its features effectively. The interface is intuitive, and essential trading tools are easily accessible.

Traders are required to adhere to the firm’s rules, which include maintaining the maximum drawdown limit and meeting the minimum trading days criterion. Consistent trading performance is key to maintaining and progressing in Bulenox accounts.

Bulenox supports trader development by offering a progressive trading environment where traders can start with smaller accounts and gradually move to larger ones as they demonstrate skill and consistency.

Bulenox maintains transparency in its fee structure. All charges, including account fees and potential commissions, are clearly outlined, ensuring traders are fully aware of any costs involved.

Bulenox distinguishes itself through its flexible trading conditions, wide range of account sizes, competitive profit splits, and a strong focus on customer service. Their approach is tailored to support traders in achieving their full potential in the futures market.

Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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