Bulenox

Bulenox is one of the most recognized names in futures prop trading, known for its flexible evaluation structure and trader-friendly payout terms. The firm offers a 1-Step Challenge across account sizes ranging from $10K to $250K, giving traders of all experience levels an accessible entry point into funded futures trading.

What sets Bulenox apart is the choice between two drawdown models at the time of purchase. Option 1 uses trailing intraday drawdown, where the floor follows your highest equity in real time. Option 2 uses end-of-day (EOD) trailing drawdown, which only updates at session close. This dual-option approach is rare among prop firms and allows traders to match their evaluation to their actual trading style.

Bulenox supports NinjaTrader, Tradovate, and Rithmic connectivity. The firm has built a strong reputation for consistent payouts and transparent rules, making it a frequent recommendation for traders who want a straightforward path to funded capital.

Bulenox evaluation fees are structured as monthly subscriptions starting at $115/mo for the $10K account. Larger accounts scale up to $535/mo for $250K. While the monthly pricing is higher than some competitors' one-time fees, Bulenox includes the flexibility to cancel at any time — there's no long-term commitment.

When selecting an account size, consider the drawdown buffer relative to your typical daily P&L. The $50K account provides a $2,500 drawdown buffer with a $3,000 profit target. Larger accounts improve this ratio, making them mathematically easier to pass but more expensive upfront.

Reset fees are Free on rebill / $78 manual — competitive with the industry average. For traders who expect to need multiple attempts, the reset cost should factor into total cost-of-funding calculations. Check current pricing on our Bulenox discount page for active promo codes.

The trailing intraday option (Option 1) is the stricter of the two. Your drawdown floor follows your highest unrealized equity tick-by-tick during the session. If your account peaks at $52,500 on a $50K account, the floor permanently moves to $50,000. Any subsequent dip below that level breaches the account — even if you were profitable on the day.

The EOD trailing option (Option 2) only recalculates your floor at session close. This means intraday swings do not tighten the floor, giving scalpers and momentum traders significantly more breathing room during volatile sessions.

Both options trail until the floor reaches the starting balance plus approximately $100, at which point the floor locks. This lock mechanism provides a safety net once you've earned enough buffer — a feature that reduces risk for traders approaching their profit target.

For a visual demonstration of how trailing vs EOD drawdown behaves in practice, try the Drawdown Visualizer on our tools page.

Bulenox offers one of the most generous initial payout terms in the industry: 100% / 90% profit retention. After that threshold, the split moves to 90/10 in the trader's favor. This structure means early payouts are entirely yours — a meaningful advantage over firms that take 10-20% from the first dollar.

Payouts are processed Weekly (Wednesdays). You'll need a minimum of 20 days on the Master Account before requesting your first withdrawal, with a $1,000 minimum payout. After the initial withdrawal, subsequent payouts follow the same weekly cycle with no minimum day requirement.

A 40% consistency rule applies on funded accounts: no single day's profit can exceed 40% of your total withdrawable balance at the time of payout request. This encourages spread-out performance but is lenient enough for most trading styles.

Bulenox is an excellent fit for traders who want control over their evaluation risk model. The ability to choose between intraday and EOD trailing drawdown is a genuine differentiator — most firms lock you into one model. Scalpers may prefer the intraday option for its familiarity, while swing-oriented day traders will likely find the EOD option more forgiving.

The firm is also well-suited for beginners thanks to the $10K account's low barrier ($115/mo) and straightforward 1-Step evaluation. However, the monthly subscription model means costs accumulate if you take multiple months to pass — something to factor in if you're still developing consistency.

Traders who prioritize fast payouts and high profit retention will appreciate the 100% / 90% structure and Weekly (Wednesdays) payout cycle. For a side-by-side look at how Bulenox stacks up, see the full firm comparison.

Bulenox regularly offers promotional discounts that can significantly reduce evaluation costs. Active codes are verified daily on our Bulenox discount page, which includes a savings calculator showing the exact dollar amount you'd save on each account size. Before purchasing, always check for active promotions — Bulenox has historically offered discounts of 50-89% during promotional periods.