Trading is expensive. Risking your own life savings to trade futures is stressful and dangerous.
Prop Firms solve this by letting you trade their money. You pass a test, they give you a funded account (e.g., $50,000), and you keep ~90% of the profits. Bulenox is a major player in this space, known for huge discounts and flexible rules. But with so many firms denying payouts, is Bulenox safe? In this Bulenox review, we break down the critical difference between "Option 1" and "Option 2" accounts.
Quick Summary
The Flexible Funding Option
Bulenox stands out because it offers End-of-Day (EOD) Drawdown on its "Option 1" accounts. This is a massive advantage over competitors like Apex, who use "Live Trailing" drawdowns that can fail you even if you close the trade in profit. If you want breathing room, choose Bulenox.
Check Current Discount (Up to 90% Off) →
What Bulenox Actually Does
Bulenox sells "Evaluations." You pay a fee (e.g., $30) to prove you can trade.
You are given a simulated $50,000 account. You must reach a profit target (e.g., $3,000) without losing a certain amount (the drawdown). If you pass, you get a "Master Account" where you can withdraw real profits. They connect via Rithmic data to platforms like NinjaTrader, Tradovate, or Quantower.
Core Features
How to Use Bulenox — Workflow
The path to getting funded works like this:
- The Purchase: You buy a $50k "Option 1" Evaluation (always check for a promo code first).
- The Test: You trade for a minimum of 5 days. Your goal is +$3,000 profit. Your "loss limit" is $2,500.
- The Rules: You cannot hit the daily loss limit or the max trailing drawdown.
- The Funding: Once you hit the target, you pay a one-time activation fee (~$140), and you are moved to a Master Account. Now, your profits are withdrawable.
Example Use Cases
Who Bulenox Is Best For
- Risk-Averse Traders: The End-of-Day drawdown (Option 1) is much more forgiving than live trailing.
- Budget Traders: Bulenox sales are aggressive. You can often pick up a $50k account for under $20.
- NinjaTrader Users: The integration is native and seamless.
Who Should Avoid Bulenox
- Crypto Traders: This is for Futures (Indices, Commodities) only. No Bitcoin/Crypto pairs.
- Overnight Holders: You must close all positions by 3:59 PM ET. If you hold overnight, you fail immediately.
Option 1 vs. Option 2: The Critical Choice
Bulenox offers two distinct account types. Choosing the wrong one is the #1 reason traders fail.
| Feature | Option 1 (Recommended) | Option 2 (Cheaper) |
|---|---|---|
| Drawdown Type | End-of-Day (EOD) | Trailing (Live) |
| Drawdown Stops | At Initial Balance ($50k) | Trails Profit Forever |
| Difficulty | Easier | Harder |
| Price | Standard | Slightly Lower |
How Bulenox Compares (vs Apex)
| Feature | Bulenox (Opt 1) | Apex Trader | Topstep |
|---|---|---|---|
| Drawdown | End-of-Day | Live Trailing | End-of-Day |
| Payout Time | Monthly/Bi-Weekly | Bi-Weekly | Daily (Xpress) |
| Scaling Plan | No | No | Yes |
| Sale Price ($50k) | ~$17-$30 | ~$17-$30 | ~$49 |
Limitations & Reality Check
- Activation Fee: Passing the test isn't free. Once you pass, you must pay a "Lifetime Activation Fee" (approx $140 for a $50k account) to start the funded account.
- Consistency Rule: You cannot make 50% of your total profit in a single day. They want consistent traders, not gamblers.
Best Practices: "The Buffer Strategy"
Don't withdraw immediately.
Pros & Cons
- Option 1 (EOD Drawdown) is very trader-friendly.
- Frequent 90% off sales make it low-risk to try.
- First $10k profits are 100% yours (no split).
- Simple rules compared to older firms.
- Activation fees can be a surprise if you aren't ready.
- Website UI is a bit dated compared to Topstep.
- Strict consistency rules on payouts.
Frequently Asked Questions
Is Bulenox legit?
Yes, Bulenox is a well-established prop firm with thousands of funded traders and verified payouts. They use Rithmic data which is the industry standard.
Does the drawdown trail in Option 1?
It trails at the End of the Day (EOD). This means intraday gains that are lost do NOT count against you, unlike "Live Trailing" firms.
What platforms can I use?
They provide a free license for NinjaTrader. You can also use Rithmic R|Trader Pro, Quantower, or Sierra Chart (if you have your own license).
When can I withdraw?
You can request payouts anytime between the 1st-5th and 15th-19th of each month, provided you have met the minimum trading days (usually 10).
Final Verdict
If you are tired of failing evaluations because of "Live Trailing Drawdown," Bulenox (Option 1) is the answer.
The End-of-Day drawdown rule gives you the breathing room to actually manage a trade properly. While the activation fee is an extra hurdle, the 90% discount sales make the entry cost incredibly low ($20-$30). It is currently the best value prop firm for patient traders.
Get Funded Today (Check for Sale) →
