8.5
FPF Score
89% OFF Option 1 Evals
90% Payout Split
First $10K at 100%
Path to Live Funded
2 Plan Options
Rithmic Platform
FPF Ratings
Pros & Cons
- First $10,000 withdrawn at 100% - no commission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
Pros
- One-time activation fee required for Master Account
- Option 1 uses intraday trailing drawdown (stricter)
- Payouts processed only on Wednesdays
- First 3 payouts have max withdrawal caps
- 40% consistency rule applies to all payouts
- 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
Cons
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 and access the Master Account. No time limit - trade as long as needed. 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. Bulenox does not provide them but does not restrict third-party software use. 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 will 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 throughout the session. 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 at the level shown above. 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. If your balance drops, the threshold stays. If your balance rises (even on open trades), the threshold rises.
Example - $100K Option 1 Account ($3,000 trailing drawdown)
Account starts at $100,000. Max threshold = $97,000 (100,000 - 3,000).
Trade opens, account reaches $100,800 (unrealized). Threshold moves to $97,800.
Trade partially reverses to $100,500 (still open). Threshold stays at $97,800 - the highest point was already recorded.
Trade closes at $100,500. Threshold remains at $97,800. The drawdown always sits $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. For example, 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 on the Master Account. There is a one-time activation fee covering data feed and maintenance. The Qualification subscription is cancelled automatically upon passing.
| Account Size | Activation Fee (one-time) |
|---|---|
| $25K | $143 |
| $50K | $148 |
| $100K | $248 |
| $150K | $498 |
| $250K | $898 |
ℹMaster Account rules are identical to Qualification rules, except there is no reset option. If the trailing drawdown is breached, the account is closed by the administrator.
Option 2 - EOD Drawdown
●Option 2 uses an End-of-Day (EOD) drawdown. The threshold is only recalculated at the end of each trading session. Intraday fluctuations do not move the drawdown - only your EOD closing balance matters. 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 - it is not a rule violation and does not fail the account. 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 trading day at a new high. It never moves down. The threshold is enforced in real time throughout the next session.
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 (101,000 - 3,000).
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 the starting balance + $100. On a $50K account this locks at $50,100.
Option 2 - EOD Dynamic Scaling Plan
●Contract limits in Option 2 scale up as your Cash On Hand (account profit) increases. Limits update based on your EOD balance each day. More profit = more contracts available.
$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 on the Master Account. One-time activation fee covers data feed and maintenance. Option 2 also 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)
●Master Account drawdown rules are the same as Qualification rules. The trailing or EOD drawdown stops moving once it reaches the account's starting balance + $100. There is no reset option on the Master Account - a breach permanently closes it.
| Account | Drawdown Amount (TDA) | Drawdown Locks At (starting + $100) |
|---|---|---|
| $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% goes to the trader and 10% to Bulenox. Payouts are processed every Wednesday. Minimum 10 individual trading days before first withdrawal request. Min withdrawal: $1,000.
Payout Requirements
1.10 trading days completed before requesting any payout.
2.40% Consistency rule must be met (see Consistency tab).
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 are via ACH/Wire Transfer, PayPal, or Wise. US traders receive Form 1099-MISC; international traders receive W-8BEN.
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 to trade more profitable days to bring the percentage below 40%.
✓Failing the consistency rule does not violate the account. You can continue trading to build more profit until the percentage drops below 40%. Note: the safety threshold reserve also counts toward the 40% rule for the first withdrawal.
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 (beyond 3) 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. Master Accounts without a payout remain in pending status. If a trader does not consent to transition, the Master Account is closed and no payout is issued. Transition is at the sole discretion of Risk Management.
ℹThe Funded Account balance caps listed above became effective April 28, 2025. These are the maximum balances allowed across all account sizes.
Frequently Asked Questions
What is the difference between 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 you full intraday flexibility, but includes a Daily Loss Limit. Option 2 also has a scaling plan that increases contract limits as profits grow. Both options share the same Master Account payout rules.
Are there minimum trading days required?+
There are no minimum trading days required to pass the Qualification (evaluation). 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. A trading day only counts when at least one trade has been opened.
What is the payout split on Master Accounts?+
The first $10,000 is withdrawn at 100% - no commission taken. After the first $10,000 has been withdrawn, the split is 90% to the trader and 10% to Bulenox. Payouts are processed once per week, every Wednesday. Minimum withdrawal is $1,000.
Can I use trading bots or algorithms?+
Yes. Bulenox does not prohibit the use of bots, algorithms, trade copiers, or automated strategies. Bulenox does not provide these tools and is not responsible for any technical issues caused by third-party software. Contact your software developer directly for any software-related issues.
Can I have multiple accounts?+
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. You are only permitted one login on Bulenox.com - multiple registrations result in permanent deletion of all accounts without refund. Additional accounts are linked automatically to your single Rithmic User ID.
Is there a time limit to pass the evaluation?+
No. There is no time limit. You can trade as long as needed to hit the profit target. You are not required to trade every day. A trading day is only counted when at least one trade has been opened during that session.
When does the Daily Loss Limit get removed on Option 2?+
On Option 2 Master Accounts, the Daily Loss Limit is removed automatically once the EOD drawdown threshold reaches the account's starting balance. For example, on a $100K account, when the EOD threshold reaches $103,000 (starting balance + max drawdown + some profit), the DLL is lifted.
What happens if I fail the 40% consistency rule?+
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, building more profit days, until your best single day falls below 40% of total profit. The account remains fully active throughout.
⚠ 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. The rules presented here were accurate at the time of publication to the best of our knowledge and are based solely on publicly available documentation provided by Bulenox.
Trading futures involves substantial risk of loss and is not suitable for all investors. Past performance of any trading program does not guarantee future results. Simulated or hypothetical trading results have certain inherent limitations and do not represent actual trading. Nothing on this page constitutes financial, investment, or trading advice.
For the most accurate, up-to-date, and legally binding information regarding Bulenox's programs, rules, and policies, always refer directly to Bulenox's official website and their official FAQ and documentation. In the event of any conflict between the information presented here and Bulenox's official terms, Bulenox's official terms take precedence.
Last updated: March 2026 - FundedProgramFinder.com