Bulenox has 2 account types! In short you can choose a no scaling account which comes with a trailing draw down, OR the end of day draw down which has a scaling plan. Learn more below.
Bulenox is looking to build long term relationships with futures traders, and I highly recommend them.
I always recommend visiting their Help Center before signing up to make sure the below information is still current. I do my best to keep everything up to date but ultimately whatever their stated rules are is what counts.
Bulenox Option 1 – No Scaling With a Trailing Drawdown
– The trailing drawdown will always follow the current balance, which is equal to your profit.
– The drawdown is recorded in real-time during the trading day and includes a commission.
– If your balance decreases, then your allowable drawdown remains unchanged.
– If the trader violates the allowable drawdown, the trader’s account is blocked by the administrator. In this case, the trader can make a reset or create a new account.
Example of Option 1 With Bulenox:
A Bulenox trader has an account of $100,000 for 12 contracts, has a maximum trailing drawdown of $3,000. This means that the maximum you can lose is $3,000 from the maximum profit point at any given time, including open positions. In this case, if your account drops to $97,000, then the account will be blocked. The trader started trading and opened the first trade and earned $800. In this case, the maximum drawdown also moves and now the drawdown will be $ 97,800 ($100,800 – $3,000 = $97,800). If the trader has not yet closed the deal and gave back the profit of $ 300. At that moment, when the trader closes the deal, $100,500 remains. In this case, the maximum drawdown also remains at the level of $97,800. The maximum drawdown will always move $3,000 from the highest account balance.
Bulenox Option 2: End of the day Drawdown with Scaling Plan and Daily Loss Limit
EOD is updated at the end of the trading day during your Qualification as well as in the Master Account. The EOD will only take into account when the profit is made at the end of the trading day. It is updated when your account balance reaches a new high at the end of the trading day.
The EOD trailing drawdown will always follow the balance at end of the day, which is equal to your profit.
For example:
A trader has an account of $100,000 for 12 contracts, has a maximum trailing drawdown of $3,000. In this case, if your account drops to $97,000, then the account will be blocked.
Day 1
Trader’s made few winning and losing trades. At the end of the day, trader’s account balance stops at $101,000. EOD balance will be adjusted to $98,000.
Day 2
On the second day, trader’s account balance at the end of the day is $100,500. The EOD balance is unchanged at $98,000.
Day 3
At the end of the third day, the account balance is at $102,500. Your new EOD balance is adjusted to $99,500.
After Qualification, for Master Account:
The EOD stops moving when the EOD reaches the initial balance.
EOD Dynamic Scaling Plan
Your Bulenox EOD Scaling buying power determined by the Cash On Hand value. As your account profit increases or decreases, you can trade more or fewer contracts. The withdrawal amount could affect your the total number of contracts available to trade.
$10K EOD Account Scaling
No Scaling(5 Micro-Contracts Max)
$25K EOD Account Scaling
$0- $1,500(2 Contracts Max)
$1,501 +(3 Contracts Max)
$50K EOD Account Scaling
$0- $1,500(2 Contracts Max)
$1,501 – $4,000(4 Contracts Max)
$4,001 +(7 Contracts Max)
$100K EOD Account Scaling
$0- $2,000(3 Contracts Max)
$2,001 – $3,000(5 Contracts Max)
$3,001 – $5,000(8 Contracts Max)
$5,001 +(12 Contracts Max)
$150K EOD Account Scaling
$0- $4,000(5 Contracts Max)
$4,001 – $8,000(8 Contracts Max)
$8,001 – $12,000(10 Contracts Max)
$12,001 +(15 Contracts Max)
$250K EOD Account Scaling
$0- $5,000(6 Contracts Max)
$5,001 – $12,000(12 Contracts Max)
$12,001 – $20,000(18 Contracts Max)
$20,001 +(25 Contracts Max)
Daily Loss Limit
Daily loss Limit with Bulenox is amount that you loss max per day. Daily loss is based on your Profit and Loss, it includes commissions and real-time/unrealized trades, for each trading day from 5:00 p.m. to 4:00 p.m. Central Time. The daily loss limit could be tracked in RTrader platform.
Daily Loss Limits:
- 10K Account – $400 Daily loss limit
- 25K Account – $500 Daily loss limit
- 50K Account – $1100 Daily loss limit
- 100K Account – $2200 Daily loss limit
- 150K Account – $3300 Daily loss limit
- 250K Account – $4500 Daily loss limit
By reaching Daily loss limit. Trader’s qualification account will be blocked by the administrator. In this case, the trader can make a reset or create a new account.
After Qualification, for Master Account:
Daily loss limits will be removed after the maximum drawdown threshold reaches the account’s starting balance. (For example: $103,000 on a $100,000 account.)
Master Account fee OPTION 2:
For the Master Account with Option 2, there is no monthly cost, just a one-time activation fee that includes a data feed and maintenance fee. The activation fee is based on the selected account size:
- $10,000 Account – $95
- $25,000 Account – $135
- $50,000 Account – $145
- $100,000 Account – $245
- $150,000 Account – $495
- $250,000 Account – $895
Ready to give Bulenox a try?
Be Notified Of New Trader Evaluation Promotions
Submit your email if you want to be notified of new trader evaluation promotions. I never spam nor sell anything. Usually 2-3 emails a month are sent with the latest deals.
Risk Disclosure:
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
You can read more here: Risk Disclosure
Affiliate Disclosure:
The external links on my site and in my video descriptions to trader evaluation companies and software companies are primarily affiliate links. I earn a commission from these companies on any sale made from people visiting these links. That said, I only recommend companies and software I personally use and actually do recommend. Believe me, I turn down a lot of companies who approach me. You can read my full Affiliate Disclosure here.
Additional Disclosure:
The content provided is for informational purposes only. I do my best to keep the content current and accurate by updating it frequently. Sometimes the actual data, rules, requirements and other can differ from what’s stated on our website. CanadianFuturesTrader.ca is an independent website. You should always consult the rules, faqs, knowledge base and support of any of the websites and companies we link to or talk about on our site. The information on their site will always be what ultimately dictates the current rules of their program, software or other. While we are independent, we may be compensated for advertisements, sponsored products, or when you click on a link on our website. The contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.