Bulenox Review 2026 - Is It Worth It?
Our in-depth Bulenox review covers pricing, evaluation rules, drawdown structure, payout speed, and whether it's the right prop firm for you in 2026.
Profit Split
100% then 90%
Max Funding
$250K
Starting From
$145
Platforms
NinjaTrader, Rithmic
Key Takeaways
- Bulenox offers one of the most flexible drawdown options in the industry with both EOD and Intraday Trailing choices.
- 100% of the first $10,000 in profits belongs to the trader, shifting to a 90% split thereafter.
- Requires strict discipline via a 40% consistency rule on Master Accounts before passing to a true Funded account.
- Bulenox excels for futures traders using NinjaTrader and Rithmic platforms.
What is Bulenox?
Bulenox is a proprietary trading firm specializing in futures trading. Founded in 2021, the company has quickly grown to become one of the most respected names in the prop firm space, earning trust through consistent payouts and transparent rules.
Unlike some competitors that focus on forex or multi-asset classes, Bulenox is laser-focused on futures. This specialization allows them to offer some of the most trader-friendly rules in the industry, particularly when it comes to drawdown structures.
Bulenox is headquartered in the United States and operates under a straightforward model: traders pay for an evaluation account, prove their skills by hitting a profit target while staying within drawdown limits, and then receive a funded account to trade with the firm’s capital.
Pricing & Account Options
Bulenox offers a range of account sizes to suit different experience levels and trading styles:
| Account Size | Monthly Fee | Profit Target | Trailing Drawdown (EOD) | Max Contracts |
|---|---|---|---|---|
| $25,000 | $145 | $1,500 | $1,500 | 3 |
| $50,000 | $175 | $3,000 | $2,500 | 6 |
| $100,000 | $275 | $6,000 | $3,000 | 12 |
| $150,000 | $345 | $9,000 | $4,500 | 15 |
| $250,000 | $535 | $15,000 | $5,500 | 25 |
All prices are before coupon discounts. Use code PROP20 to get 20% off any account. Note that passing requires a 1-time activation fee for the Master account.
The $50,000 account is the most popular choice among traders, offering a good balance between manageable drawdown, reasonable profit target, and sufficient max contracts for most strategies.
How the Evaluation Works
Bulenox uses a 1-Step evaluation process, which is simpler than the 2-step model used by firms like FTMO.
Step-by-Step Process:
- Choose Your Account - Select your account size and drawdown type (EOD or Trailing).
- Pass the Evaluation - Hit your profit target within limits. Pass in as little as 1 day, with no maximum time limit.
- Master Account - Pay the activation fee. Trade with Bulenox’s capital, but adhere to the strict 40% consistency rule and complete 10 active trading days for payouts.
- Funded Account - (New Rule) After 3 successful Master Account payouts, you must transition to a “Funded Account.” If you refuse, the account closes. Funded accounts cut the payout minimum days from 10 to 5 and remove initial withdrawal caps.
The lack of a time limit is a significant advantage. The multi-tiered funded phase protects the firm while rewarding long-term consistent traders.
Drawdown Rules Explained
This is where Bulenox truly stands out. They offer two drawdown options, giving traders the flexibility to choose the structure that best fits their strategy:
End-of-Day (EOD) Drawdown
The EOD drawdown is calculated at the end of each trading day, not in real-time. This means your drawdown level only updates when the market closes.
Example: You have a $50K account with a $2,500 EOD drawdown. Your starting max drawdown level is $47,500. If you make $500 in profits today, your new high watermark becomes $50,500, but the drawdown threshold only adjusts to $48,000 at the end of the day.
This gives you breathing room during the trading session. Even if your unrealized P&L drops below the trailing drawdown during the day, as long as you close above it by market close, you are safe.
Intraday Trailing Drawdown
The Intraday Trailing Drawdown is more aggressive. It trails your highest unrealized P&L in real-time, meaning every peak in your account balance pushes the drawdown floor higher immediately.
Example: Same $50K/$2,500 setup. If your unrealized P&L hits +$800 during the session, your drawdown floor immediately moves to $48,300 - even if you haven’t closed the trade.
Our Recommendation: For most traders, especially beginners, the EOD drawdown option is significantly more forgiving and should be your default choice.
Payout Policy & Speed
Bulenox has a structured payout system that heavily rewards consistency:
- Profit Split: 100% of the first $10,000 you withdraw. After $10K, it’s a 90/10 split.
- First Payout: You must trade for at least 10 active trading days inside the Master Account.
- Consistency Rule: No single day’s profit can equal more than 40% of your total withdrawal. (e.g., if you request $1,000, no single day can account for more than $400 of that chunk).
- Payout Frequency: Weekly (processed on Wednesdays).
- Minimum Withdrawal: $1,000.
- Safety Reserve: You must maintain a “safety threshold reserve.” For example, a $50K account requires keeping $2,600 as a cushion inside the account before withdrawing.
The 40% consistency rule frustrates some traders, but the un-capped 100% first $10K makes Bulenox one of the most profitable firms for traders who survive the initial stages.
Based on community feedback and our own testing, Bulenox has an excellent track record for payout reliability. We have not encountered any reports of delayed or denied payouts for traders who followed the rules.
Trading Platforms
Bulenox supports two of the most popular futures trading platforms:
NinjaTrader
- Industry-standard for futures trading
- Advanced charting and order flow tools
- Supports automated strategies (NinjaScript)
- Available for desktop (Windows)
Rithmic
- Low-latency data feed
- Direct market access
- Compatible with multiple front-end platforms
- Preferred by scalpers for speed
Both platforms offer real-time market data and professional-grade execution. The choice between them mostly comes down to personal preference and what you are already comfortable using.
Pros & Cons
What We Like
- 100% First $10K Split - One of the most generous starting splits on the market
- EOD Drawdown Option - One of the few firms to offer this beginner-friendly structure
- No Time Limit - Take as long as you need to pass the evaluation
- Transitions to Relaxed Rules - After 3 payouts, wait days drop from 10 to 5 on a Funded Account
- Weekly Payouts - Payments processed every Wednesday
What Could Be Better
- Tight Consistency Rule - The 40% rule on Master Accounts can delay payouts if you have a massive winning day
- Mandatory Transitions - Forced transition to new rulesets after 3 payouts may annoy some traders
- High Minimum Withdrawal - Requires $1,000 minimum to withdraw
- Safety Reserve Requirement - Must leave a multi-thousand-dollar cushion in the account to begin withdrawing
Who Should Use Bulenox?
Best for:
- Traders who have high consistency and rare windfall days
- Futures traders who prefer EOD drawdown rules
- Traders who want a 1-step evaluation without time pressure
- Those seeking to pocket a full $10,000 of profits without a firm cut
Not ideal for:
- Traders aiming for fast “scalp-and-run” payouts (the 40% rule prevents this)
- Those who want low withdrawal minimums (Bulenox requires $1k)
- Beginners who cannot adhere to safety margin reserves
Our Verdict
Bulenox earns a solid 4.5/5 from our team. The combination of flexible drawdown options, no time limit on evaluations, and reliable payouts makes it a top-tier choice for futures traders.
The EOD drawdown option alone sets Bulenox apart from many competitors. If you have struggled with Intraday Trailing Drawdowns at other firms, switching to Bulenox’s EOD structure could be the game-changer you need.
Rating Breakdown
| Category | Score |
|---|---|
| Pricing | 4.0 / 5 |
| Evaluation Rules | 5.0 / 5 |
| Payout Speed | 4.5 / 5 |
| Platform Quality | 4.5 / 5 |
| Customer Support | 4.0 / 5 |
| Overall | 4.5 / 5 |
Use code PROP20 at checkout to save 20% on any Bulenox evaluation account.
Frequently Asked Questions (FAQ)
Does Bulenox offer an EOD drawdown?
Yes, Bulenox is one of the few prop firms that offers an End-of-Day (EOD) drawdown option. This means your drawdown level only updates at market close, giving you more breathing room during the trading session. This is available on all account sizes.
How long does it take to get paid by Bulenox?
Your first payout is available after 15 calendar days of live funded trading. After that, payouts are processed bi-weekly (every 2 weeks). Processing typically takes 1-3 business days via wire transfer, ACH, or cryptocurrency.
Is there a time limit on the Bulenox evaluation?
No, there is no time limit on the Bulenox evaluation. You can take as long as you need to reach the profit target, as long as you stay within the drawdown limits. This removes the pressure that many traders feel with time-limited challenges.
What is the profit split at Bulenox?
Bulenox offers a jaw-dropping 100% profit split for the first $10,000 you withdraw. After you cross the $10,000 threshold, the profit split permanently changes to an elite 90% for the trader and 10% for the firm.
Can I use Bulenox on a Mac?
NinjaTrader, the primary platform for Bulenox, is a Windows-only desktop application. Mac users can use it through a virtual machine (like Parallels or VMware) or through a VPS (Virtual Private Server). Rithmic data can also be accessed through some Mac-compatible front-ends.