Bulenox has quickly become a very popular funded futures trader evaluation. 2021 brought us several new companies, and the competition is heating up the market. Bulenox is very competitive on their pricing, account sizes, and rules.
Evaluations Available and Pricing
Below are the prices and offerings currently. Note that Bulenox does run promotions quite often. If you visit their site you can find the lowest prices available.
| 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 |
Prices Explained
Bulenox does something unique with their pricing I haven’t seen elsewhere in 2 ways:
- a) Future months are cheaper – the 2 prices listed above are the 1st month followed by 2nd month onward price
- b) you have 2 options when you sign up:
- no scaling, but trailing draw down
- scaling plan, but end of day draw down
Which of the 2 plans you choose from b above is up to you. I can’t say which is easier, better, etc. for you. It depends on how much you trade. Scaling plans can be annoying, but so can intraday trailing draw downs. In general, no scaling and trailing draw down is riskier, but you can hit the goal easier if you play your cards right.
Software Available
Bulenox uses the standards of the funded futures trading programs by offering Rithmic as your data feed and account connection and provide NinjaTrader to use during the evaluation. From what I can tell, you also can continue using the free NinjaTrader license once funded.
You can also use multiple other platforms, but you will have to provide them yourself. There is an extensive list on their site in the help section. For example, I use Jigsaw Daytradr, and this is supported.
Evaluation Rules (called Qualification Account)
Below are the general rules. Be sure to read the specific rules on their site.
- Trade 5 days
- Don’t hit the maximum draw down
- Trade in the approved hours of 5pm CST open and close positions by 3:30pm CST
- Don’t trade more contracts than 1 Mini = 10 Micros for Bulenox
- Trade only approved products (standard with any company)
Funded Account Rules (called Master Account)
The rules are standard. Trade as normal, don’t hit your draw down or daily loss limit. Note, I couldn’t clearly see that there is a daily loss limit. Usually there is but not always. The end of day draws down stops at the account initial balance.
For example, say you have a $50,000 account with a $2,500 trailing draw down. Once you pass $52,500, your draw down will stop at $50,000 and never go above it.
Funded Account Fees
Bulenox did away with a monthly ongoing fee in 2022 and instead established a one- time fee you pay once you pass. There is no additional fees beyond these:
- $10,000 Account – $98
- $25,000 Account – $143
- $50,000 Account – $148
- $100,000 Account – $248
- $150,000 Account – $498
- $250,000 Account – $898
Funded Account Withdraw Frequency & Methods
The first $10,000 is 100% the traders. Afterwards, a 80/20 split is on the next $40,000. After that, 90/10 split is used, where the trader received 90% of the profits.
- Request payouts anytime, they are sent out on the 1st and 16th of the month
- 1st withdraw can be requested after 20 trading days complete
- 2nd & 3rd withdrawals can be requested after 12 trading days in between payments
- 4th withdrawal and onwards can be requested with no minimum trading days
- Minimum withdrawal for payments 1 to 3 is $1,000. Maximums for payments 1 to 3 are:
- $10,000 account: max withdrawal $750
- $25,000 account: max withdrawal $1,000
- $50,000 account: max withdrawal $1,500
- $100,000 account: max withdrawal $1,750
- $150,000 account: max withdrawal $2,000
- $250,000 account: max withdrawal $2,500
- Withdraw methods: ACH, Zelle, Wire Transfer, PayPal, Payoneer