2024 Update: I no longer actively promote Bulenox as I don’t believe they have a true live brokerage (ie. you’ll always be in SIM and also when regulations come, they won’t survive). I won’t be updating this page any longer. Use at your own discretion, personally I would stick with the firms I currently endorse: Visit my Deals and Promotions Page
Bulenox is one of my top choices for funded futures trader programs. Bulenox has created an attractive mix of allowing traders to choose an evaluation that fits their style of trading best, along with some other perks as well. Below are the top 10 questions I get asked daily about Bulenox.
You can also read my review of Bulenox here.
Also, be sure to check my Exclusive Promos page – I always have a discount on Bulenox just for you!
Is Bulenox Legit? Do They Pay Their Traders?
Yes absolutely they are both legitimate and pay their traders regularly. I would not endorse them if they did not.
I have talked to the management team at Bulenox extensively and not only do they pay traders, they are very committed to being one of the premier funded futures trader programs.
What Is The Profit Split With Bulenox?
Bulenox offers a 3 tier approach that is favorable for the traders:
- The first $10,000 is 100% the traders
- The next $40,000 is 80/20 meaning the trader keeps 80%, Bulenox 20%
- All profits after this will be 90/10 meaning the trader keeps 90%, Bulenox 10%
Is There A Daily Draw Down With Bulenox?
Bulenox offers 2 types of accounts, and you can choose whichever is best. To answer the question briefly, one type of account does have a daily draw down while the other does not. Depending on your trading style you can choose to have a few more rules such as a daily draw down, but no trailing draw down. Learn more on Bulenox’s Knowledge Base under the Qualification Account section.
What Are The Rules of Bulenox to Pass?
The rules to pass are honestly pretty straight forward.
- Meet the profit goal for your chosen account size
- Do not violate any draw down, daily loss limit and trailing draw down rules
- Do not trade more contracts than allowed
- Trade at least 10 days (if you reach the goal early, you still have to do at least 1 trade each day)
That is essentially it. Sounds simple, but don’t take any evaluation lightly. You still have to manage your own risk to not violate the draw down. If you stick to your trading plan, passing isn’t that difficult. I’ve passed evaluations with pretty much every top tier firm myself.
What Are The Commissions For Trading Futures With Bulenox?
The commissions vary by product, if you visit the FAQs section of their site there is a list with the commissions.
What Software Can I Use For Bulenox Evaluation?
Rithmic will be the data feed for Bulenox. Rithmic does have their own software, RTrader Pro which is free. As well Bulenox provides a free license of NinjaTrader to use as well.
On top of these free options, you can use any software package that is capable of connecting to Rithmic. There are several out there. For example I use Jigsaw Daytradr myself as an in depth order flow scalping tool.
How Do I Withdraw Money From Bulenox?
Bulenox withdrawals are easy to do. They have a full FAQs about it, but in general the process is:
- Withdrawals are processed twice a month on the 1st and 16th
- You must submit your request at any time
- You do so by submitting a help desk request for a payout with the information they would need:
- How much you wish to withdraw
- The payout method you want
- Any payout method information for example if you request PayPal, they need your PayPal email address
What Happens If A Trader Made a Million Dollars (insert any big number here), Wouldn’t They Bankrupt The Company?
No. Please think about this for just a second.
First, you have zero incentive to keep trading with a prop firm when you are making that much money. Remember the 90/10 split? If you are capable of making that kind of money you would not want to give up 10%. You would take your profits far sooner and open a brokerage account. As well, I hate to tell you but chances are you aren’t a million dollar trader.
Second, in a Master Account when you show more than average aptitude with trading, you’ll be moved into a fully funded account and/or your trades copied to a master account. Your $1 million isn’t coming out of the company’s pockets, they would be actual realized profits from trading.
I think this question comes from people with delusions of grandeur more than out of a realistic situation.
What Products Can I Trade With Bulenox?
Basically any CME Group listed futures product. Be sure to check their FAQs where they do list them out in detail. In general though, any futures CME Group product. You can not trade FX, stocks or options with Bulenox.
What Are The Monthly Fees After Passing with Bulenox?
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
If I Break A Rule Can I Reset My Account at Bulenox?
Yes if you break a rule during the evaluation phase you can reset your account for $78. You can reset as often as you need to. Note that sometimes it might be cheaper to cancel your account and sign up for a new one than it is to reset. That is usually if you are in one of the smaller accounts and there is a promo such as 50% off.
Once you are funded in a Master Account, you can not reset your account. If you break a rule once funded you would have to go through the evaluation again.
Ready to give Bulenox a try?
Conclusion
Hopefully the above questions and answers cover most of the questions you may have about Bulenox. Be sure to check out my Exclusive Deals Page for the latest Bulenox promo!
Be Notified Of New Trader Evaluation Promotions
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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.