89% OFF Option 1 Evals45% OFF Option 2First $10K at 100%Rithmic Data Feed
Bulenox is a futures prop firm offering two account types: Option 1 (intraday trailing drawdown, no daily loss limit, fixed contract limits) and Option 2 (EOD drawdown, includes a daily loss limit and scaling plan). Both share the same evaluation rules and Master Account payout structure. The first $10,000 is withdrawn at 100% with no commission - after that, the split is 90/10. Payouts are processed every Wednesday. Traders can hold up to 11 active Master Accounts and access live funded trading after 3 payouts. The best Bulenox promo code is FPF - giving 89% OFF Option 1 evaluations (25K to 150K) and 45% OFF Option 2. FPF scores Bulenox 8.5 out of 10.
Last Updated:
FPF Ratings
Payout Reliability
8.4
Rule Clarity
8.6
Value for Money
9.0
Path to Live
8.4
Account Flexibility
8.2
Pros & Cons
Pros
First $10,000 withdrawn at 100% - no commission
No minimum trading days to pass evaluation
Up to 11 active Master Accounts at once
Path to real live funded trading (after 3 payouts)
Wide range of tradable instruments (equities, FX, ag, energy, metals)
Unlimited Qualification accounts
89% OFF on Option 1 evaluations with code FPF
Option 2 has EOD drawdown - no intraday risk
Cons
One-time activation fee required for Master Account
Withdrawal safety threshold reserve must be maintained
Only one Rithmic User ID allowed per trader
All positions must be closed by 15:59 CST daily
Option 1 vs Option 2 - At a Glance
Option 1 - Trailing
Option 2 - EOD
Drawdown Type
Intraday Trailing
End of Day (EOD)
Intraday Protection
Trailing in real time
Fixed during session
Daily Loss Limit
None
Yes
Scaling Plan
None (fixed contracts)
Yes (EOD-based)
Master Account Fee
One-time activation
One-time activation
Account Sizes
25K, 50K, 100K, 150K, 250K
10K, 25K, 50K, 100K, 150K, 250K
ℹBoth options share the same evaluation rules, payout structure, Master Account rules, and path to live funded trading. The key difference is how the drawdown is calculated during the trading session.
Qualification (Evaluation) Rules - All Options
●No minimum trading days required to pass. No time limit. All positions must be closed by 15:59 CST daily. Trading day runs 5:00 PM to 4:00 PM CST (next day).
✓Bots, algorithms, and trade copiers are permitted. Micro and standard contracts can be held simultaneously (1 standard = 10 micros).
⚠One Rithmic User ID only. You may only register one login at Bulenox.com. Multiple logins result in permanent deletion of all accounts without refund. All additional accounts are linked to your single Rithmic User ID automatically.
Plan Details
Option 1 - Intraday Trailing Drawdown
⚠Option 1 uses a real-time intraday trailing drawdown. The drawdown follows both realized and unrealized gains continuously. A profitable open trade raises the threshold immediately.
Account
Profit Target
Trailing Drawdown
DLL
Max Contracts
$25K
$1,500
$1,500
None
3
$50K
$3,000
$2,500
None
7
$100K
$6,000
$3,000
None
12
$150K
$9,000
$4,500
None
15
$250K
$15,000
$5,500
None
25
ℹNo scaling plan in Option 1 - contract limits are fixed. No DLL during qualification or Master Account.
Option 1 - How Trailing Drawdown Works
The trailing drawdown follows your account's highest balance in real time - including unrealized (open position) gains. The distance between your peak and the threshold is always fixed at the drawdown amount.
Example - $100K Option 1 Account ($3,000 trailing drawdown)
Account starts at $100,000. Max threshold = $97,000.
Trade opens, account reaches $100,800 (unrealized). Threshold moves to $97,800.
Trade partially reverses to $100,500. Threshold stays at $97,800 - the highest point was already recorded.
Trade closes at $100,500. Threshold remains at $97,800. Always $3,000 below the all-time peak.
●In the Master Account: the trailing drawdown stops moving once it reaches the account's starting balance + $100. On a $50K account the threshold locks permanently at $50,100 once your account hits $52,600.
Option 1 - Master Account Fee
●No monthly cost. One-time activation fee covers data feed and maintenance. No reset option on Master Account - a breach permanently closes it.
Account Size
Activation Fee (one-time)
$25K
$143
$50K
$148
$100K
$248
$150K
$498
$250K
$898
Option 2 - EOD Drawdown
●Option 2 uses an End-of-Day (EOD) drawdown. The threshold is only recalculated at the end of each session. Intraday fluctuations do not move the drawdown. Includes a Daily Loss Limit and a scaling plan.
Account
Profit Target
Max Drawdown (EOD)
Daily Loss Limit
$10K
-
-
$400
$25K
$1,500
$1,500
$500
$50K
$3,000
$2,500
$1,100
$100K
$6,000
$3,000
$2,200
$150K
$9,000
$4,500
$3,300
$250K
$15,000
$5,500
$4,500
⚠If the Daily Loss Limit is reached, the account is suspended for the remainder of that trading day - not a rule violation. Regular trading resumes at the next session open (5:00 PM CST).
ℹIn the Master Account, Daily Loss Limits are removed once the EOD drawdown threshold reaches the account's starting balance. For example: $103,000 on a $100K account triggers DLL removal.
Option 2 - How EOD Drawdown Works
The EOD threshold is recalculated once per trading day based on your closing balance. It only moves up when you close a session at a new high. It never moves down.
Example - $100K Option 2 Account ($3,000 drawdown)
Start: $100,000. Initial EOD threshold = $97,000.
Day 1 close: $101,000. New EOD threshold = $98,000.
Day 2 close: $100,500 (lower than Day 1). EOD threshold stays at $98,000 - no change.
Day 3 close: $102,500 (new high). New EOD threshold = $99,500.
●In the Master Account: the EOD drawdown stops trailing once it reaches starting balance + $100. On a $50K account this locks at $50,100.
Option 2 - EOD Dynamic Scaling Plan
●Contract limits scale up as your Cash On Hand (account profit) increases. Limits update based on your EOD balance each day.
$25K Account Scaling
Profit Range
Max Contracts
$0 - $1,500
2 contracts
$1,501+
3 contracts
$50K Account Scaling
Profit Range
Max Contracts
$0 - $1,500
2 contracts
$1,501 - $4,000
4 contracts
$4,001+
7 contracts
$100K Account Scaling
Profit Range
Max Contracts
$0 - $2,000
3 contracts
$2,001 - $3,000
5 contracts
$3,001 - $5,000
8 contracts
$5,001+
12 contracts
$150K Account Scaling
Profit Range
Max Contracts
$0 - $4,000
5 contracts
$4,001 - $8,000
8 contracts
$8,001 - $12,000
10 contracts
$12,001+
15 contracts
$250K Account Scaling
Profit Range
Max Contracts
$0 - $5,000
6 contracts
$5,001 - $12,000
12 contracts
$12,001 - $20,000
18 contracts
$20,001+
25 contracts
Option 2 - Master Account Fee
●No monthly cost. One-time activation fee. Option 2 includes a $10K account size not available in Option 1.
Account Size
Activation Fee (one-time)
$10K
$98
$25K
$143
$50K
$148
$100K
$248
$150K
$498
$250K
$898
Master Account - Shared Rules (Both Options)
●Drawdown rules are the same as Qualification. The trailing or EOD drawdown stops moving once it reaches starting balance + $100. A breach permanently closes the Master Account - there is no reset option.
Account
Drawdown Amount
Drawdown Locks At
$25K
$1,500
$25,100
$50K
$2,500
$50,100
$100K
$3,000
$100,100
$150K
$4,500
$150,100
$250K
$5,500
$250,100
●First $10,000 withdrawn at 100% - no commission. After that, 90% to trader. Payouts processed every Wednesday. Minimum 10 individual trading days before first withdrawal. Min withdrawal: $1,000.
Payout Requirements
1.10 trading days completed before requesting any payout.
2.40% Consistency rule must be met.
3.Account balance must remain above the withdrawal safety threshold reserve.
Max Payout (First 3 Payouts Only)
Account
Max Per Payout (1-3)
After 3rd Payout
$25K
$1,000
No limit
$50K
$1,500
No limit
$100K
$1,750
No limit
$150K
$2,000
No limit
$250K
$2,500
No limit
Withdrawal Safety Threshold Reserve
Account
Reserve (must remain in account)
$25K
$1,600
$50K
$2,600
$100K
$3,100
$150K
$4,600
$250K
$5,600
ℹThe reserve is returned to the trader upon termination of the Master Agreement. Payouts via ACH/Wire, PayPal, or Wise.
40% Consistency Rule
Best Day P&L / Total P&L x 100 = Consistency %
Must be 40% or below to be eligible for a payout. Applies to every withdrawal request.
●Example: Total profit $20,000. Best single day must be no more than $8,000 (40% of $20,000). If your best day is $9,000, you need more profitable days to bring the percentage below 40%.
✓Failing the consistency rule does not violate the account. Continue trading until the percentage drops below 40%.
Multiple Master Accounts
●Traders can activate up to 11 active Master Accounts simultaneously. The first 3 can be activated right after qualifying. Each additional Master Account requires reaching the initial starting balance on the most recently activated account.
Master Accounts
Requirement
First 3
Available immediately after qualifying
4th account
Max Drawdown reaches starting balance on 3rd account
5th account
Max Drawdown reaches starting balance on 4th account
Up to 11 total
Same pattern for each additional account
⚠Multiple Master Accounts cannot be combined into one larger account. Unlimited Qualification accounts are allowed, but only 11 active Master Accounts at a time.
Path to Live Funded Trading
★After completing 3 successful payouts on a Master Account, and subject to Risk Management approval, traders may transition to a real Funded Account trading with actual capital.
Funded (Live) Account Parameters
Account
Balance Cap
Min Trading Days
$25K Funded
$2,500
5 per payout
$50K Funded
$5,000
5 per payout
$100K Funded
$10,000
5 per payout
$150K Funded
$15,000
5 per payout
$250K Funded
$25,000
5 per payout
⚠All active Master Accounts are consolidated into a single Funded Account. Transition is at the sole discretion of Risk Management. If a trader does not consent to transition, the Master Account is closed and no payout is issued.
ℹThe Funded Account balance caps became effective April 28, 2025.
Frequently Asked Questions
What is the difference between Bulenox Option 1 and Option 2?+
Option 1 uses an intraday trailing drawdown - the threshold follows your highest balance in real time including unrealized gains, and there is no Daily Loss Limit. Option 2 uses an EOD drawdown - the threshold only updates at market close giving full intraday flexibility, but includes a Daily Loss Limit and a scaling plan. Both options share the same Master Account payout rules.
Are there minimum trading days required at Bulenox?+
There are no minimum trading days required to pass the Qualification. However, you must complete at least 10 individual trading days before your first withdrawal request on the Master Account, and at least 5 trading days per payout on the Funded (live) account.
What is the payout split at Bulenox?+
The first $10,000 is withdrawn at 100% - no commission taken. After that, the split is 90% to the trader and 10% to Bulenox. Payouts are processed every Wednesday. Minimum withdrawal is $1,000.
Can I use trading bots or algorithms at Bulenox?+
Yes. Bulenox does not prohibit the use of bots, algorithms, trade copiers, or automated strategies. Bulenox is not responsible for technical issues caused by third-party software.
How many Bulenox Master Accounts can I have?+
You can have unlimited Qualification accounts and up to 11 active Master Accounts simultaneously. All accounts must be under the same single Rithmic User ID. Multiple registrations result in permanent deletion of all accounts without refund.
Is there a time limit to pass the Bulenox evaluation?+
No. There is no time limit. You can trade as long as needed to hit the profit target. A trading day is only counted when at least one trade has been opened during that session.
What happens if I fail the 40% consistency rule at Bulenox?+
Failing the 40% consistency rule does not violate or close your account. The payout simply cannot be processed until the rule is met. You can continue trading until your best single day falls below 40% of total profit.
What is the Bulenox promo code?+
The Bulenox promo code is FPF. It gives 89% OFF on Option 1 evaluations (25K to 150K) and 45% OFF on Option 2 evaluations.
Disclaimer & Legal Notice
The information on this page is provided for informational and educational purposes only. FundedProgramFinder.com (FPF) is an independent comparison and review website. We are not affiliated with, endorsed by, or officially connected to Bulenox in any way.
FPF participates in affiliate programs and may receive compensation when you purchase through links on this page, at no additional cost to you. This does not influence our editorial content or ratings.
We are not responsible for the accuracy, completeness, or timeliness of the information presented. Program rules, pricing, payout policies, drawdown parameters, and any other terms described on this page are subject to change by Bulenox at any time without notice.
Trading futures involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results. Nothing on this page constitutes financial, investment, or trading advice.
