Bulenox Review
Bulenox is a US futures prop firm with 1-step evaluations up to $150,000, trailing or EOD drawdown, and a 100% split on the first $10,000, then 90%.
- HQ
- Wilmington, US
- Founded
- 2021
- Regulation
- Not publicly stated
Operated by Bulenox LLC
Written by the Proptary Team · Updated 29 Oct 2026
Researched with AI assistance and verified by our editors
Overview
This Bulenox review covers the firm's pricing, rules, payouts, support and trader feedback so you can judge it before you buy an evaluation. Bulenox is a US futures prop firm offering 1-step evaluations up to $150,000 with trailing or EOD drawdown options and a 100% profit split on the first $10,000, then 90%.
Bulenox was established in 2021 and is operated by Bulenox LLC, a Delaware limited liability company that the Delaware Division of Corporations lists as formed on January 4, 2021. The firm focuses exclusively on simulated futures evaluation accounts, partnering with Rithmic for market data and order routing, with NinjaTrader supported as the trading platform. Bulenox LLC lists a Wilmington, Delaware address in the site footer, and leadership details are not published on the site.
Review summary
Pros and cons
What works
4 strengths
- Choice between intraday trailing drawdown and End of Day drawdown on evaluation accounts
- First $10,000 in qualifying profits is paid out with a 100% split to the trader
- No minimum trading days required to complete the qualification evaluation stage
- Weekly payout distribution schedule processed every Wednesday for eligible accounts
What doesn't
4 to plan around
- Minimum payout threshold is set at $1,000 on Master accounts.
- Consistency rule of 40% applies to Master funded accounts before withdrawal approval
- Executive leadership and operational team profiles are not publicly disclosed
- Customer support is limited to email ticketing and phone without live chat assistance
Cost of entry
Bulenox pricing
| Account Size | Profit Target | Drawdown Limit | Max Contracts | Qualification Fee (30-day access) |
|---|---|---|---|---|
| $25,000 | $1,500 | $1,500 | 3 contracts | $145 |
| $50,000 | $3,000 | $2,500 | 7 contracts | $175 |
| $100,000 | $6,000 | $3,000 | 12 contracts | $215 |
| $150,000 | $9,000 | $4,500 | 15 contracts | $325 |
Here is what this Bulenox review found on cost: the entry price, the 30-day access period and the fees that come later. Bulenox costs from $145 for a $25,000 qualification account up to $325 for a $150,000 account, sold as a 30-day access evaluation. On the baseline $25,000 account, the $145 fee provides access to trade up to 3 contracts with a $1,500 profit target and a $1,500 maximum drawdown. Bulenox lists each qualification fee as a one-time price with 30-day access. After a drawdown breach, a reset costs $78 and does not extend the 30-day access period. The $50,000 tier costs $175, which is $30 more than the $25,000 entry tier, and it adds a $2,500 drawdown limit compared with $1,500 on the entry tier. Fees are non-refundable once account credentials have been delivered. If you sign the Rithmic agreement as non-professional, exchange data is included at no extra cost on Qualification, Master and Funded accounts. If you register as professional, CME, CBOT, NYMEX and COMEX data costs $116 per month on top, and the choice is locked for the life of the account.
Rule clarity
Bulenox rules
Score95 / 100The rules are the part of this Bulenox review that matters most, because a single drawdown breach ends the evaluation. Bulenox rules require traders to complete a 1-step evaluation by reaching a profit target of $1,500 on the $25,000 account while avoiding a $1,500 maximum trailing drawdown. On the standard $25,000 tier, traders can choose Option 1 with an open trailing drawdown calculated intraday across floating equity, or Option 2 with an End of Day trailing drawdown paired with scaling limits. Option 1 has no daily loss limit. Option 2 uses an End of Day drawdown and adds a daily loss limit (for example $500 on the $25,000 account) and a scaling plan that limits your contracts. There is no deadline to pass the evaluation, but qualification access runs in 30-day periods, so you need to renew access if you have not passed by the end of each period. An open equity drawdown moves upward tick by tick with unrealized profits, meaning an intraday pullback can breach the account even if the trade later closes in profit. Positions must close every afternoon before 3:59 PM CT (Central Time), as overnight holding triggers an immediate rule failure. Breaching the maximum drawdown terminates account access immediately, requiring a paid reset to re-enter.
- Profit target
- $1,500
- Max daily loss
- —
- Max total drawdown
- $1,500
- Drawdown type
- Trailing
- Min trading days
- 0
- Time limit
- None
- Consistency rule
- Not enforced
- Max leverage
- 3 contracts
- Scaling plan
- None
- Platforms
- NinjaTrader, Rithmic
- Instruments
- Futures
- Not accepted from
- Afghanistan, Albania, Angola, Armenia, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Benin, Bermuda, Bolivia, Bosnia and Herzegovina, Botswana, Brunei, Burkina Faso, Burundi, Burma (Myanmar), Cameroon, Central African Republic, Chad, China, Congo, Côte d’Ivoire, Croatia, Cuba, Curaçao, Ethiopia, Gabon, Ghana, Gibraltar, Grenada, Guinea, Haiti, Hong Kong, Iran, Iraq, Jamaica, Jersey, Jordan, Kazakhstan, Kenya, Kosovo, Kuwait, Kyrgyzstan, Lebanon, Lesotho, Liberia, Libya, Macau, Macedonia, Maldives, Mali, Mauritania, Mauritius, Mayotte, Monaco, Mongolia, Montenegro, Mozambique, Namibia, Nepal, New Caledonia, Nicaragua, Niger, Nigeria, North Korea, Occupied Palestinian Territory, Oman, Pakistan, Papua New Guinea, Republic of the Congo, Russia, Rwanda, Saint Martin, Senegal, Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Taiwan, Tajikistan, Tanzania, Togo, Trinidad and Tobago, Uganda, Uzbekistan, Vanuatu, Venezuela, Virgin Islands (British), Western Sahara, Yemen, Zambia, Zimbabwe
What a trailing drawdown means for you
The limit follows your highest equity, so as the account grows the floor rises with it. Give back too much of an open profit and you can breach even while still up on the day — this is the type that ends the most accounts.
What changes once you are funded
In our Bulenox review, the funded stage is where the rules change, so read this section before you pay for an evaluation. Master accounts at Bulenox are simulated accounts: you trade simulated funds, and any payout is based on your simulated trading results under Bulenox's terms, not on trades placed with real firm capital. Once funded on a Master account, traders must observe a 40% consistency rule where no single trading day can generate more than 40% of total profits at withdrawal. Overnight position holding remains prohibited, requiring all trades to close by 3:59 PM CT. Funded accounts also require at least 10 active trading days between payout requests and introduce a minimum withdrawal threshold of $1,000.
Strategy rules
- News trading
- Allowed
- EAs / bots
- Allowed
- Weekend hold
- Not allowed
- Hedging
- Not allowed
- Copy trading
- Allowed
- HFT / tick scalping
- Not allowed
Payout reliability
Bulenox payouts
Score80 / 100This Bulenox review treats payouts as the deciding factor, so the withdrawal conditions are covered in detail here. Master accounts at Bulenox are simulated accounts: you trade simulated funds, and any payout is based on your simulated trading results under Bulenox’s terms, not on trades placed with real firm capital. Bulenox pays traders on a weekly cycle every Wednesday with a 100% profit split on the first $10,000 and 90% thereafter via ACH, bank wire, or PayPal. To request a withdrawal from a Master account, a trader must log at least 10 active trading days during the cycle and meet a high minimum withdrawal threshold of $1,000. Your balance must also cover the Safety Threshold Reserve on top of the payout you request: $1,600 on a $25,000 account, $2,600 on $50,000, $3,100 on $100,000 and $4,600 on $150,000. The 40% consistency rule applies to every payout request: your best trading day cannot be more than 40% of your total profit for that payout period, and the calculation resets after each payout. Payouts are processed once a week, on Wednesdays. To be included in the following Wednesday’s cycle, submit your request by 11:59 PM CT on Friday, with your identity document and tax form already submitted. For the first three payouts, the maximum per request is $1,000 on a $25,000 account, $1,500 on $50,000, $1,750 on $100,000 and $2,000 on $150,000; from the fourth payout, the request must be less than 50% of your total profit.
- Profit split
- 90%
- Payout cycle
- Weekly
- Reported payout speed
- 1-2 business days
- Withdrawal fee
- None stated
- Minimum withdrawal
- $1,000
- Payout methods
- Bank Wire, PayPal, ACH
Customer support
Customer support
Score70 / 100For this Bulenox review, we looked at how you can reach support and how quickly traders say it responds. You can reach Bulenox support through an online ticket, email, or a US phone line during weekday business hours. Public trader reports on Trustpilot indicate response times typically fall under a day for billing queries and account credential delivery. The firm does not maintain a real-time live chat widget or a public Discord server, meaning urgent technical issues during active market hours must be queued through email tickets. Complex questions about Master account activation or payout approvals can take 24 to 48 hours to review.
- Channels
- Email, Phone, Ticket system
- Availability
- Business hours
- Reported response time
- Under a day
- Reports collected
- 29 Oct 2026
Track record
Track record and transparency
Score70 / 100Bulenox has maintained an active futures funding program since early 2022, expanding its evaluation structure to include both intraday and End of Day drawdown options. Trader reviews on Trustpilot mention receiving weekly payouts, and in the sources we checked we found no reports of mass account terminations or retroactive rule changes. Operational transparency remains limited, as the company operates without public executive profiles, audited financial disclosures, or a formalized public changelog for rule modifications.
Community sentiment
Community sentiment
Score95 / 100This Bulenox review also weighs what traders say publicly, using ratings and written feedback. Community feedback for Bulenox is predominantly favorable, reflected in a Trustpilot rating of 4.7 from 1,827 reviews as of October 2026. Traders frequently commend the 100% profit split on initial earnings and dependable Wednesday payouts. Negative feedback centers on the strict $1,000 minimum withdrawal requirement on Master accounts and unexpected disqualifications caused by intraday trailing drawdown fluctuations during evaluation.
Decision
Final verdict
In short, this Bulenox review weighs drawdown flexibility and weekly payouts against a high minimum withdrawal and limited support channels. Bulenox offers a choice between real-time trailing drawdown and End of Day drawdown on 1-step evaluations. The 100% profit split on the first $10,000 and routine Wednesday payouts provide strong financial incentives for disciplined futures traders. However, the $1,000 minimum payout threshold and 40% consistency rule create meaningful hurdles once funded, and the lack of live chat support requires patience during technical disruptions. Traders who manage intraday volatility and stay within the contract limits may find the pricing and payout structure competitive.
Is Bulenox right for you?
Bulenox is right for you if you are an experienced futures day trader seeking a straightforward 1-step evaluation with no minimum trading days and weekly payouts. It is less suitable if you require real-time support assistance, trade micro-accounts with small profit targets, or struggle with intraday trailing drawdown calculations that penalize unrealized profit pullbacks.
Who should trade with Bulenox?
You should trade with Bulenox if your trading strategy focuses on high-conviction futures setups executed during liquid US morning hours and closed before the 3:59 PM CT session cut-off. Systematic traders comfortable with Rithmic data and NinjaTrader execution who can produce steady daily gains without relying on single outsized sessions are more likely to meet the 40% consistency rule.
Questions
FAQ
What Is Bulenox?
Bulenox is an online proprietary trading firm that provides simulated futures evaluation accounts for retail traders. Passing the single-step qualification allows traders to access funded Master accounts with a 100% profit split on the first $10,000 and 90% after that.
How to Connect Bulenox to NinjaTrader?
You connect Bulenox to NinjaTrader by configuring your Rithmic credentials in NinjaTrader's connection settings. First, select Rithmic for NinjaTrader as the connection provider, enter the username and password provided in your Bulenox welcome email, choose the Rithmic Paper Trading server, and click connect. Live market data feeds will begin streaming immediately.
How Many Bulenox Accounts Can I Have?
You can hold up to five Master-level accounts at once, in any mix of Master, Fast Track and Momentum accounts, and Qualification accounts are unlimited. Bulenox permits bots, algorithms and trade copiers only if they are tools you built for your own personal use. Commercial, shared, rented or publicly distributed automation tools are not allowed, and connecting to Rithmic through a third-party API or composite software costs an extra $100 per month. Total contract limits still apply, and positions must close before 3:59 PM CT (Central Time).
How Much Is the Bulenox Activation Fee?
Bulenox charges a separate one-time activation fee for each Master account, with no monthly subscription. The fee includes market data and account maintenance: $143 on the $25,000 account, $148 on $50,000, $248 on $100,000 and $498 on $150,000.
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Before you pay
Many prop firms operate without a financial services license. They argue that traders use simulated accounts and the firm risks its own capital, so no client money is held and no license is required. That arrangement is common in this industry, but it also means no regulator supervises the firm and there is no compensation scheme if it stops paying. What matters instead is whether the company behind the brand is named and traceable, and whether it has a payout record you can check.
This page is for information only and is not investment or trading advice. Trading through a funded or proprietary trading program carries real risk, including the loss of evaluation fees and any funded account. Rules, pricing, and payout terms vary by firm and can change without notice. A Proptary Grade reflects our most recent check and may not capture very recent changes, so confirm current terms directly with the firm before buying an evaluation.
Before you pay
Many prop firms operate without a financial services license. They argue that traders use simulated accounts and the firm risks its own capital, so no client money is held and no license is required. That arrangement is common in this industry, but it also means no regulator supervises the firm and there is no compensation scheme if it stops paying. Proptary is not a financial institution, not an investment adviser, and is not supervised by any financial regulator.
Nothing here is advice. Our grades, scores and write-ups are information only. They are not investment or trading advice, not a recommendation to buy an evaluation, and not tailored to your circumstances. Read the firm’s own terms and decide for yourself.
A grade is not a guarantee. A Proptary Grade summarises the evidence we were able to verify on the date shown. It is not a measure of the firm’s financial strength, not a promise that it will pay you, and not an assurance that it will still be operating next month. Payout records, review scores and support times we cite are historical evidence, never a forecast.
The fee is at risk from the moment you pay it. An evaluation buys an attempt, not an account. Most traders do not pass. Breaching a drawdown or consistency rule can cost you the entire fee and any funded account, with no refund.
Prices and rules change without notice. Firms change fees, rules and payout terms, sometimes days after we check. Confirm the current terms on the firm’s own site before you pay for anything. Proptary is not liable for losses arising from reliance on information published here.
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