Bulenox: A Comprehensive Review of the Prop Trading Firm
Discover Bulenox, an Innovative Prop Firm Transforming How Traders Access Financial Markets.
Bulenox: What Is It?
Welcome to the world of Bulenox, a next-generation trading platform standing out in the prop firm landscape. Born from the expertise of seasoned traders, Bulenox combines years of trading know-how with cutting-edge technology to offer you an unparalleled experience in global financial markets. This prop firm is renowned for its innovative and secure trading system, captivating a growing community of satisfied traders.
Why Choose Bulenox?
Bulenox Programs: Flexibility and Profitability
Whether you’re a micro-trader, an aggressive trader, or looking for a drawdown strategy and optimized EOD structure, Bulenox offers diverse funding programs. With competitive pricing tailored to each trading style, these programs are your gateway to success in futures trading. Discover the details of Bulenox’s three main funding programs, each designed to maximize your trading opportunities.
Now, let’s dive into the heart of what Bulenox has to offer, starting with the main funding programs. Each of these programs is a perfect demonstration of the flexibility and profitability Bulenox makes available to you. Let’s go!
Main Funding Programs of Bulenox
What Are the Advantages of Bulenox Funding Programs?
Bulenox boasts over twenty years of experience in trading. It has established itself as a favored prop firm among futures contract traders. Since 2020, numerous financing companies have emerged. This new competition benefits traders. The pricing, account sizes, and rules at Bulenox rank among the most competitive in the market.
Here Are the Bulenox Advantages That Have Won Me Over
✔ Immediate Trading from Day One:
Sign up and start trading right away. No waiting; Bulenox opens the doors to the financial markets for you directly.
✔ Fast Access to the Master Account:
Just 5 active trading days to qualify for the Master account. This is the express route to major stakes.
✔ Your First Earnings Without Commission:
Imagine keeping 100% of your first $10,000 in profits. With Bulenox, that’s what you get, commission-free.
✔ Choice of Funding Accounts:
Bulenox offers a range of accounts that suit your trading style. Find the account that best fits you.
✔ High Earning Potential:
Aim for up to 90% return on your earnings with Bulenox, where your ambition is not only rewarded but also celebrated and nurtured.
✔ Weekly Payments:
No more waiting for your earnings. Bulenox pays you every Wednesday, ensuring stress-free financial management.
✔ Free Trading Terminal:
No extra fees for the trading terminal at Bulenox. Save on costs and focus on your trading.
✔ Registered in the United States:
Security and stability with Bulenox, a firm registered in the stable state of Delaware. Reliability and trust assured.
Now that you’ve seen the advantages that drew me to Bulenox, I’ll explain the different types of accounts available. Each account is designed to meet specific needs, giving you the freedom to choose the one that perfectly matches your trading style.
The Different Types of Accounts at Bulenox
At Bulenox, you have choices! You can opt for an account with a Trailing Drawdown without scaling or an EOD (End of Day) Drawdown account with a scaling plan. Here’s what that entails:
Bulenox Account Option 1: With a Trailing Drawdown
The Trailing Drawdown account automatically adjusts the loss limit based on the account’s performance peaks. It’s not about protecting gains but adapting the risk threshold. If the account value increases, the Trailing Drawdown limit also rises. However, if the account value decreases and this limit is reached, it can lead to account closure, indicating increased risk.
Advantages of Bulenox Account Option 1
Encourages Prudence
This motivates you to stay vigilant, monitor your positions, and avoid significant losses, thus reinforcing consistent trading discipline.
Preparation for Bigger Challenges
By getting used to an evolving risk threshold, you gain the skills necessary to maneuver larger accounts and take on increased trading responsibilities.
Disadvantages of Bulenox Account Option 1
Psychological Pressure
The need to constantly monitor the threshold can be stressful.
Risk of Hasty Actions
The fear of reaching the threshold may push you to close positions prematurely.
Potential for Reduced Gains
Too strict risk management could limit your profit potential.
Bulenox Account Option 2: EOD Drawdown + Scaling Plan
The Static Type EOD Drawdown maintains a fixed loss limit based on the account balance at the end of each trading day. This approach offers predictability, but, as with the Trailing Drawdown, reaching this limit can also lead to account closure.
Advantages of Bulenox Account Option 2
Predictability of Risk:
The Static Type EOD Drawdown provides a clear and constant loss limit, allowing you to plan your trading strategy with more certainty.
Less Daily Monitoring:
With the loss limit changing only at the end of the day, you can focus more on trading than on managing risk throughout the day.
Disadvantages of Bulenox Account Option 2
Rigidity and Threshold in Loss Management
Once the daily loss limit is reached, you cannot trade until the next day, which may hinder your trading momentum. Additionally, the value of the Daily Loss is not very high.
Remember, the key to success lies in the knowledge and mastery of the tools at your disposal. Take the time to evaluate each option according to your personal goals and strategies. And once you’ve made your choice, know that Bulenox has even more to offer.
All Our Bulenox Promotional Offers (Option 1):
If you’re ready to take the plunge with Bulenox, we have promotional offers that might interest you. Significant discounts allow you to start with the account of your choice while gaining great value right from the start. Let’s take a closer look at the current Bulenox promos that could give you the necessary momentum to launch your next phase of trading.
Benefits of Trading Accounts at Bulenox
5 Days Minimum Trading
You can qualify with a minimum of 5 days of trading. A trading day extends from 6 PM to 5 PM the following day.
Trailing Threshold
Thanks to the live trailing threshold, you no longer have to worry about Daily drawdown. You can monitor it live in the Rtrader software provided by Bulenox.
Trader At Any Time
You can trade on holidays and during news from 6PM ET to 4:59 PM ET. Note that trades must be closed, and pending orders must be canceled before 3:59 PM CST.
Minimum Position Size
Feel free to negotiate up to your maximum position size. Their system caps your positions, so you aren’t disqualified from the program for trading more contracts in evaluation or funded accounts.
Trade During Economic News
You won’t be disqualified for trading during economic announcements! However, multidirectional, reverse trading strategies on two accounts are prohibited.
Simple Trading Process Follow
Reach your profit target before hitting your maximum drawdown in a minimum of 5 trading days, and you qualify!
Bulenox Challenges for Futures Contract Traders
At Bulenox, the challenge for you, a futures contract trader, comes in the form of a qualification account. The prop firm’s ambition? To find talented traders and support them financially. Bulenox is dedicated to providing you with all the necessary tools to turn your passion for trading into a thriving career.
As a trader, you must demonstrate your skills, adopt a strategy that suits you, and keep a clear view of the market. Stand out with your responsibility, reliability, and discipline, and the funded account will be waiting for you.
This funded account, or MA (Master Account), is your ultimate reward. So, are you ready to take on the Bulenox challenge? Here are the steps to follow:
Select a funding program
Explore the different options and choose the one that best fits your trading goals.
Create a personal account
Take the decisive first step by signing up for the program that most attracts you and perfectly matches your ambitions.
Practice on an evaluation account
Put your trading skills into practice and adapt to the real market conditions.
Excellence and rules observed
Focus on achieving impressive results while strictly adhering to the rules of Bulenox.
What are the funding programs offered by Bulenox?
Bulenox offers its clients 6 account sizes, each with its specific characteristics.
| Account Size | Max Number of Contracts | Challenge Price |
|---|---|---|
| $10K | 5 Micro-contracts | $110 |
| $25K | 3 Contracts | $145 |
| $50K | 7 Contracts | $125 |
| $100K | 12 Contracts | $155 |
| $150K | 15 Contracts | $325 |
| $250K | 25 Contracts | $535 |
There’s a special account known as the Micro account, sized at $10,000. It allows traders to negotiate up to five micro-contracts. It has the following characteristics:
- The maximum position size is 5 micro-contracts.
- The profit target to reach is $1,000.
- For option 1, the trailing drawdown is $1,000.
- For option 2, the EOD account drawdown is $1,000, and the daily loss limit is $400.
I’ll explain these two options in more detail later in this article.
Bulenox: Characteristics of Each Funding Program
Let’s examine in more detail the characteristics of each evaluation account.
$10K Account (Option 1)
Starting Capital: $10,000
- Max Contracts: 5 Micros
- Profit Target: $1,000
- Trailing Threshold: $1,000
- Daily Drawdown: None
- Scale Penalty: None
- NinjaTrader License ($75): FREE
- Data Fees ($55): FREE
- Rate: $115/month
$25K Account (Option 1)
Starting Capital: $25,000
- Max Contracts: 3 (30 Micros)
- Profit Target: $1,500
- Trailing Threshold: $1,500
- Daily Drawdown: None
- Scale Penalty: None
- NinjaTrader License ($75): FREE
- Data Fees ($55): FREE
- Rate: $145/month
$50K Account (Option 1)
Starting Capital: $50,000
- Max Contracts: 7 (50 Micros)
- Profit Target: $3,000
- Trailing Threshold: $3,000
- Daily Drawdown: None
- Scale Penalty: None
- NinjaTrader License ($75): FREE
- Data Fees ($55): FREE
- Rate: $175/month
$100K Account (Option 1)
Starting Capital: $100,000
- Contracts: 12 (80 Micros)
- Profit Target: $6,000
- Trailing Threshold: $3,000
- Daily Drawdown: None
- Scale Penalty: None
- NinjaTrader License ($75): FREE
- Data Fees ($55): FREE
- Rate: $215/month
$150K Account (Option 1)
Starting Capital: $150,000
- Contracts: 15 (150 Micros)
- Profit Target: $9,000
- Trailing Threshold: $4,500
- Daily Drawdown: None
- Scale Penalty: None
- NinjaTrader License ($75): FREE
- Data Fees ($55): FREE
- Rate: $325/month
$250K Account (Option 1)
Starting Capital: $250,000
- Contracts: 25 (200 Micros)
- Profit Target: $15,000
- Trailing Threshold: $5,500
- Daily Drawdown: None
- Scale Penalty: None
- NinjaTrader License ($75): FREE
- Data Fees ($55): FREE
- Rate: $535/month
How to Access the Funding Programs?
Access to a Bulenox evaluation account is through the prop firm’s website: Bulenox. Interested traders can register on the site in two ways. Either by selecting any account size or by clicking the « Login » link in the upper right corner of the site. If you’re interested, click on « Sign Up » and follow these steps:
Once this process is completed, you will be redirected to a payment page. There, you will find the registration fees required, which you must pay for the type of account chosen. For payment, you can use a credit card or PayPal. Once the payment is confirmed, you will have access to the evaluation account (qualification account) shortly. You can then start the qualifications to access a funded account (main account).
What Happens After Bulenox Evaluation?
Post-Evaluation Procedure: Successful Qualification Request
Once you have met the conditions of the Bulenox evaluation, here are the steps to finalize your qualification:
1. Fill in the Qualification Request Form
Go to the specific section of the Bulenox site to submit your successful qualification request.
2. Provide the Required Information
Complete all the requested fields accurately: first name, last name, email address, and the numbers of the successful qualification account.
3. Confirm and Send the Request
Make sure all criteria are met and that your account has reached the profit target with the minimum required trading days. Then submit your request.
4. Wait for Verification and Confirmation
Verification of your information and account by Bulenox may take up to two business days. You will subsequently receive an email with all necessary instructions, as well as a certificate, questionnaire, and contract.
Choosing Professional or Non-Professional Status
This choice is crucial when signing the user contract with Rithmic, the software at the heart of Bulenox’s trading platform:
Professional Status:
If you opt for professional status, you will have monthly fees of $112 for access to market data (CME, CBOT, NYMEX, COMEX).
Non-Professional Status:
As a non-professional trader, these market data fees are included in your qualification account, and you will not have additional fees to pay.
It is essential to select the right status because once determined, it can no longer be changed later, whether for the qualification account or the main account.
Trading Rules at Bulenox: What You Need to Know
To excel with Bulenox and qualify, it’s essential to meticulously follow certain key rules:
Minimum Number of Trading Days
Authorized Trading Hours
Maximum Position Size
Profit Objective
Authorized Trading Assets
Daily Loss Limit
Depending on the account you choose, you will have a specific daily loss limit. This is the maximum amount you can lose per trading day.
Here are the limits for each account:
- $10K Account ⇒ $400
- $25K Account ⇒ $500
- $50K Account ⇒ $1,100
- $100K Account ⇒ $2,200
- $150K Account ⇒ $3,300
- $250K Account ⇒ $4,500
- Special 10K Account ⇒ $400
If you reach this limit, your qualification account will be blocked. You can then choose to reset or create a new account.
After the Bulenox Challenge:
Once the Bulenox challenge is successfully completed, there are no more daily loss limits on the main account, provided that the maximum drawdown reaches the initial account balance.
Trailing Maximum Drawdown
Drawdown is a crucial aspect to master in your journey with Bulenox, especially in your qualification account. This rule, depending on the account option you choose, determines the maximum you can lose before actions are taken.
Functioning
This drawdown evolves with your gains or losses. It's essential to monitor it closely, as exceeding it can have significant consequences on your account.
Adaptability
With Option 1, the drawdown adjusts according to the evolution of your balance, increasing with gains. This requires increased vigilance to stay on track.
Stability
Option 2, on the other hand, offers an EOD (End of Day) drawdown, set according to your end-of-day balance. This approach provides more predictability
The Importance of Activity: No Room for Inactivity
Activity Requirement
You must perform at least one trade every five trading days. If your account remains inactive for longer, it will be suspended without notice.
Consequences
If you don't comply with this rule, any remaining amount in the account will be forfeited by Bulenox. Take this directive seriously!
The Consistency Rule at Bulenox
The Consistency Rule, or « Consistency Rule, » is a fundamental pillar at Bulenox. It reflects the firm’s commitment to promoting both prudent and productive trading. Here’s how this rule applies and influences your trading journey:
📌Balance and Fair Distribution of Gains
📌Prevention of Risky Behaviors
📌Implementation of a Systematic Strategy
📌Maintaining Integrity and Transparency
Note: With our consistency rule calculators, you can easily check and adjust your performances to comply with this essential rule. These are valuable tools to guide you towards safer and more strategic trading.
Our Consistency Calculators for Bulenox Prop Firm
With our calculators, align your trading performance with Bulenox’s consistency rule. Here’s how to use them:
- Checking the Compliance of Your Best PnL Day:
Use our first calculator to verify if the gains from your best trading day do not exceed the set percentage of your total PnL as defined by your prop firm. This tool provides a quick and accurate confirmation of your compliance. - Adjusting Your Trading According to the Consistency Rule:
If your best trading day exceeds the consistency threshold, our second calculator becomes essential. It will help you determine the total PnL you need to achieve to comply with the rule again.
Bulenox Daily PnL Compliance Calculator
Use this calculator to ensure that the profit from your best trading day adheres to Bulenox’s 40% consistency rule.
Bulenox Total PnL Adjustment Calculator
If you’ve exceeded the consistency rule, enter the profit from your best trading day here to calculate the total PnL target needed to comply with the rule again.
Different Account Options at Bulenox
Bulenox offers two types of account options, each tailored to meet diverse trading needs and strategies. Explore these options to find the one that suits you best:
Option 1: With Trailing Drawdown Without a Scaling Plan
Option 1 offers a dynamic approach to managing drawdown, evolving based on the current balance, real-time realized gains, and unrealized gains.
Trailing Drawdown Dynamics
The trailing drawdown adapts based on the trader's current balance. If the balance decreases, the allowed drawdown remains unchanged, as it varies only with an increase in profit. In other words, the highest account balance at any given time determines the account's maximum drawdown.
Real-Time Calculation
The drawdown is calculated in real-time during the trading day, and commissions are included.
Account Blocking
If you reach or exceed the maximum drawdown, the account will be blocked. You would then have to opt for a reset or a new account.
Practical Example
Let’s consider a trader opts for a $150,000 account with 15 contracts and a maximum trailing drawdown of $4,500. This amount represents the maximum loss a trader can incur from the point of maximum profit at any given time. So, if the account balance falls to $145,500 ($150,000 - $4,500), the account will be closed.
Suppose the trader starts trading and after the first position, ends up with a profit of $1,500. The maximum drawdown then increases (as it is trailing) to $147,000 ($151,500 - $4,500).
If the trader continues trading without closing the position and incurs a loss of $500, the trading position is closed with a balance of $151,000. However, the maximum drawdown does not change from the level where the account balance was $151,500. In this example, the maximum drawdown will always be $4,500 less than the highest account balance.
Option 2 at Bulenox: EOD Drawdown with a Scaling Plan
Option 2 from Bulenox offers a unique approach to trading, incorporating an EOD (End of Day) Drawdown and a dynamic scaling plan. Here are the key details:
EOD Drawdown Functioning
The EOD Drawdown is calculated at the end of each trading day, based solely on the profits made at that time. It adjusts when your balance reaches a new high at the end of the day, providing predictable and stable risk management.
Practical Example
Let's consider an account with $150,000, 15 contracts, and an EOD Drawdown of $4,500. If your balance falls to $145,500, the account will be closed. Suppose on the first day, you end with a balance of $151,500, adjusting the EOD Drawdown to $147,000. If on the second day, your balance is $150,500, the EOD balance remains at $147,000. On the third day, with a balance of $152,500, your EOD Drawdown adjusts to $148,000.
After Qualification
Once you have passed the qualification account, the EOD Drawdown no longer moves in the main account as soon as you reach the initial balance.
Dynamic EOD Scaling Plan
Your trading buying power depends on the value of your gains. Profits directly affect your capacity to negotiate more or fewer contracts. The following table provides a clear view of the scaling according to gains for each account type:
- $10,000 Account ⇒ Up to 5 Micro-Contracts Max (no scaling)
- $25,000 Account ⇒ Up to 3 Contracts Max
- $50,000 Account ⇒ Up to 7 Contracts Max
- $100,000 Account ⇒ Up to 12 Contracts Max
- $150,000 Account ⇒ Up to 15 Contracts Max
- $250,000 Account ⇒ Up to 25 Contracts Max
In conclusion, Bulenox offers a variety of account options, allowing you to choose the one that best fits your trading strategy. Whether you choose Trailing Drawdown or EOD Drawdown with scaling, each option is tailored to different trading styles and goals. Think carefully about your choice as it will define how you approach the market and progress in futures trading. With Bulenox, you have all the tools you need to succeed.
Can Traders Reset Their Bulenox Accounts?
Wondering if you can restart your journey with Bulenox in case of setbacks? The answer is yes. Bulenox allows you the option to reset your account, especially useful if you reach the maximum drawdown and your account is closed. Here’s how it works:
➯ Reset Process: How It Works
If you reach the maximum drawdown and your account closes, the reset process at Bulenox is quick and immediate. You’ll be notified by email as soon as your account is reset.
➯ Fresh Start: Beginning Again with Bulenox
Resetting your account sets your balance back to the initial level, allowing you to start over with the chosen account. However, this means all your previous gains and losses are erased. You’re starting from scratch.
➯ Redefining Active Days
The trading days you accumulated before the reset do not count towards the required 5-day minimum. After a reset, you must start the trading days from scratch.
➯ Impact on Subscription and Account Expiration
Using the reset option does not affect the expiration date of your subscription to the qualification account. Your subscription renews every 30 days unless canceled or qualified.
➯ Free Reset with Each Renewal
If you fail your evaluation, you’re entitled to one free reset at the time of your subscription renewal. This option is a boon to start again on a solid footing without additional costs.
➯ Reset Cost: Immediate Solution
If you don’t want to wait for the free reset at the time of your subscription renewal, Bulenox offers to reset your account immediately for $78. This option allows you to resume trading without delay.
Steps to Follow to Reset Your Burnt Bulenox Account
Log in using your credentials to access your Bulenox space.
Navigate to your profile and select the reset option.
RESET PROCESS
Follow instructions to pay the fees and restart your account.
What Trading Assets Can You Trade at Bulenox?
Equity Index Futures
- E-mini S&P 500 (ES)
- Nikkei NKD (NKD)
- E-mini NASDAQ 100 (NQ)
- Mini-DOW (YM)
- E-mini Midcap 400 (EMD)
- Russell 2000 (RTY)
Interest Rate Futures
- Micro 10 Year Yield Futures (10Y)
- 2-Year Note (ZT)
- 5-Year Note (ZF)
- 10-Year Note (ZN)
- 30-Year Bond (ZB)
- Ultra-Bond (UB)
Currency Futures (Forex)
- Australian Dollar (6A)
- British Pound (6B)
- Canadian Dollar (6C)
- Euro FX (6E)
- Japanese Yen (6J)
- Swiss Franc (6S)
- New Zealand Dollar (6N)
Agricultural Futures
- Lean Hogs (HE)
- Live Cattle (LE)
- Feeder Cattle (GF)
- Corn (ZC)
- Wheat (ZW)
- Soybeans (ZS)
- Soybean Meal (ZM)
- Soybean Oil (ZL)
Metal Futures
- Gold (GC)
- Silver (SI)
- Copper (HG)
- Platinum (PL)
- Palladium (PA)
- E-mini Silver (QI)
- E-mini Gold (QO)
Micro Futures
- Micro E-Mini S&P 500 (MES)
- Micro E-Mini Dow Jones (MYM)
- Micro E-Mini Nasdaq-100 (MNQ)
- Micro E-Mini Russell 2000 (M2K)
- E-Micro Gold (MGC)
- E-Micro AUD/USD (M6A)
- E-Micro EUR/USD (M6E)
- Micro Crude Oil (MCL)
Reviews and Social Media of the Prop Firm Bulenox
Bulenox Trading : FAQ
What Trading Software Can I Use with Bulenox?
At Bulenox, you're well-equipped to engage in trading effectively. The platform provides Rithmic for data sourcing and account connection, as well as NinjaTrader for navigating financial markets. A detailed guide for connecting your account is available directly on the Bulenox Trading website under the Help Center ⇒ Connection tabs.
If you're exploring other options, be aware that several platforms are compatible with Bulenox, but you'll need to configure them yourself. In the help section, you can access a comprehensive list. For instance, Jigsaw is one of the supported platforms. Find the list of platforms compatible with Bulenox HERE.
For automated trading tools, Bulenox's site directs you to Rocas Trading, where you'll discover resources like ATM Position Management, Copy Trading, Keeper, and other systems such as Marble and Trend Friend. However, it's important to note that using these tools depends entirely on your trading strategy and needs.
What Are the Rules for Qualification Accounts?
To smoothly navigate Bulenox's evaluation process, keep these basic rules in mind:
- Trading Duration:
You must trade for a minimum of 5 days. It's not just about time, but also about proving your consistency and ability to manage trading across multiple sessions. - Maximum Drawdown:
Stay vigilant to not exceed the maximum drawdown. It's a crucial indicator of your risk management and a key criterion to pass the evaluation. - Trading Hours:
Your trading activities should be between 5 PM and 3:59 PM CST. Adhering to these hours is crucial for the evaluation. - Position Limit:
Be careful not to trade more than what is permitted. For Bulenox, 1 Mini equals 10 Micros. - Approved Assets:
You must trade only approved assets. This is a standard norm in funded trading.
To access the funded main account, you must first reach the set profit target and have traded for at least 10 days. Once these conditions are met, you need to submit a ticket via your dashboard on the Bulenox site, providing your full name, email address, Rithmic user ID, and the numbers of any additional accounts, if applicable.
The verification process for your information can take up to 48 hours. Patience is key. Once validated, you will receive an email with all necessary instructions, as well as a certificate, questionnaire, and the contract to sign. And the good news, once you move to the main account, the monthly fees for the qualification account are no longer payable.
Remember, these rules are not to limit you but to ensure you're ready for the responsibility of a funded account. It's about trading thoughtfully, without exceeding the daily loss limit or the allowed drawdown.
What Are the Activation Fees for a Master Account at Bulenox?
Bulenox offers you the flexibility to choose between two fee structures to activate your main account.
Option 1: Uniform Monthly Fees
In this option, a fixed monthly fee of $85 covers both data and maintenance fees, regardless of the account size you choose. This is a practical option if you prefer a regular and predictable expense.
Option 2: One-Time Fees Based on Account Size
If you choose the second option, you won't pay monthly fees. Instead, you'll have one-time activation fees that include data and maintenance costs. These fees vary depending on the selected account size, as follows:
- $10,000 Account: $98
- $25,000 Account: $143
- $50,000 Account: $148
- $100,000 Account: $248
- $150,000 Account: $498
- $250,000 Account: $898
This option is worth considering if you're looking to minimize recurring fees and are ready to pay more upfront for account activation.
Remember, these fees are an investment in your trading career and access to larger trading capital. Make sure to choose the option that best suits your needs and long-term trading strategy.
How Does Bulenox's Trailing Drawdown Work?
Let me explain everything you need to know about Bulenox's trailing drawdown in this FAQ section.
This special chapter dedicated to explaining the trailing drawdown was created because many traders tend to breach this rule, often not paying attention to it. As a trader seeking a funded account with a prop firm, understanding the functioning of trailing drawdown is crucial for achieving your profit target.
What is a Trailing Drawdown?
The trailing drawdown essentially refers to a stop loss that automatically moves on your trading account based on your realized gains. If a trader reaches this maximum loss threshold, the account is closed. In other words, the trailing drawdown is defined as the minimum account balance that evolves based on the profits made on your trading account. The drawdown literally follows the progress of your profits, as the higher the profits, the higher the trailing drawdown. However, it does not move when a trader incurs losses, hence the name "trailing drawdown".
How Does Trailing Drawdown Affect Your Trading Strategy?
Trailing drawdown is a crucial parameter used by prop firms to determine traders' eligibility for funding. It is in place to ensure that traders can retain their profits and are not too rushed to reinvest in the markets.
As a trader at Bulenox, the trailing drawdown might limit your strategy; it can be disruptive or sometimes restrictive in your trading journey. But it's important to understand that trailing drawdown can enhance your trading strategy on the funded account. It allows you to adopt an appropriate risk management strategy. It also ensures that you approach the market with discipline and consistency, especially in your transactions. Consequently, you are forced to adopt a logical approach in executing transactions rather than being arbitrary or disorganized.
How Does Trailing Drawdown Work at Bulenox?
Trailing drawdown is a key parameter at Bulenox, and there are two options to understand how it works with this prop firm. These two options are examined below using examples.
Option 1: Trailing Drawdown
There are a few important points to note about this first option:
- The trailing drawdown constantly evolves relative to the current balance, determined by realized or unrealized profits.
- The drawdown is measured in real-time throughout the trading day and also includes a commission.
- A reduction in account balance after a drop does not modify the allowed drawdown.
- Non-compliance with the allowed drawdown results in account closure.
Example of Bulenox's Trailing Drawdown
For example, a trader chooses a $50,000 account which encompasses 7 maximum contracts and a maximum trailing drawdown of $2,500. This means that the maximum amount the trader is allowed to lose on this account is $2,500 from the highest profit point at any time, including open positions. This means if the account balance falls to $47,500, the account will be closed.
If the trader starts trading and then gains $500, the maximum drawdown increases to become $48,000 ($50,500 - $2,500 = $48,000). If the trader then incurs a loss of $200 before closing that particular trading position. The account balance moves to $50,300, but the maximum drawdown does not change, as it remains unchanged at $48,000. Invariably, the maximum drawdown for this account size always moves $2,500 away from the highest balance at any given time.
Option 2: EOD Drawdown
EOD Drawdown = end of day drawdown, which means it is updated each time a trading day comes to an end. It applies to both qualification (evaluation) accounts and Master (funded) accounts. With the EOD, it’s the moment when the profit is realized that is taken into account once the trading day comes to an end. When the account balance reaches a new peak at the close of the trading day, the EOD is updated. Note that the trailing EOD drawdown always evolves based on the account balance at the end of the trading day relative to the realized profit.
Example of Bulenox's EOD Drawdown
If the trader maintains the $50,000 account with the same settings of 7 maximum contracts and a maximum trailing drawdown of $2,500. As usual, when the account balance falls to $47,500, the account is locked.
The first day of trading, the trader makes some winning and losing trades. If, at the close of the trading day, the trader's account balance reaches $51,000. The EOD balance is adjusted to $48,500.
The second day of trading, the trader's account closes at $50,500. The EOD balance remains unchanged at $48,500.
The second day of trading, the trader's account then closes at $50,500. The EOD balance remains unchanged at $48,500.
The third day, the trader's account balance increases and closes at $52,000. The EOD balance is then updated to $49,500. In essence, as long as the trader continues to make increasing profits, the EOD balance will continue to be adjusted, but when the trader incurs losses, the EOD balance remains unchanged.
When does the drawdown cease to apply in the qualification account?
The drawdown stops once the trader successfully passes the qualification account and becomes eligible for a primary account (funded account).
When does the drawdown cease to be trailing in the Master account?
The drawdown ends in the primary account when either the trailing drawdown or EOD (End of Day) drawdown reaches the initial starting balance. For instance, in a $50,000 account with a trailing drawdown of $2,500, the drawdown will cease to be trailing when the trader is able to generate a profit of $52,500. This means that the trailing or EOD balance is now $50,000 ($52,500 - $2,500), indicating that it has reached the initial starting balance.
How does the Trailing Drawdown work on the Bulenox special account?
The Bulenox special account, also known as the micro account, has the lowest parameters among all the account sizes offered by Bulenox. Traders are limited to trading only 5 micro contracts on this account.
The trailing drawdown works the same way on the special account as it does on the qualification account. It also has two options, namely the trailing drawdown and the EOD drawdown. The drawdown for this special account is $1,000, meaning that the acceptable drawdown balance is $9,000 for both trailing and EOD drawdowns. Due to the small account size, traders may not closely monitor the drawdown, which can lead to violations of the trailing drawdown rule when using this special account.
What is Bulenox's Withdrawals Policy?
The withdrawal and payment process at Bulenox is relatively straightforward to understand. This part of the article explains how the process works, including the minimum and maximum withdrawal amounts, the monthly period, and the payment methods available for withdrawals.
In general, traders can withdraw their profits after the initial weeks of trading at Bulenox. However, there is usually a limit on the withdrawal amount during this period. After the fourth month, the limit is removed, and you can withdraw as much as you have in your account.
Are people withdrawing money from Bulenox?
Yes, people are withdrawing money from Bulenox, as evidenced by the comments on Trustpilot and Facebook. These comments demonstrate the company's commitment to ensuring that traders have timely access to their profits.
Some of these reviews mention the speed of the process at Bulenox. As long as you have the appropriate amount in your account and your withdrawal request does not exceed the limit, there should be no obstacles to your withdrawal request.
What is the profit sharing arrangement at Bulenox?
Regarding profit sharing at Bulenox, the first $10,000 in profits belong entirely to the trader. Therefore, the company does not charge any commission when the withdrawal is made to the trader's bank account.
The next $40,000 in profits are subject to a commission. 10% of the profits belong to the company, while the remaining 90% belongs to the trader.
So, the profit-sharing ratio stands at 90/10. The prop firm always takes the lower percentage of the profits earned by the trader. The commission is deducted when the funds are transferred to the trader's personal bank account.
When can I withdraw my profits from Bulenox?
At what point in the month?
Traders can request withdrawals at any time during a specific calendar month. The first and sixteenth days of each month are the dates when all payments are processed by Bulenox. Traders should be aware of these dates to know when they can expect to see the funds in their accounts.
After how many days of trading?
For the first payment, a trader must have traded for a minimum of 10 individual trading days before a withdrawal request can be made. For the second and third payments, withdrawals can be requested after trading for a minimum of 12 individual trading days following the last withdrawal made by the trader. For the fourth payment and beyond, there is no minimum trading day requirement, meaning withdrawals can be requested at any time.
This means that the first, second, and third payments are subject to a minimum trading day requirement for making a withdrawal request. However, the fourth payment and subsequent ones are not subject to this requirement.
Explanation of the Withdrawal Reserve Threshold for Security
The withdrawal reserve threshold refers to the minimum amount that must be maintained in the trader's account before a withdrawal is allowed. Here is the withdrawal reserve threshold for each account size offered by Bulenox:
$10,000 Account ⇒ $1,100
$25,000 Account ⇒ $1,600
$50,000 Account ⇒ $2,600
$100,000 Account ⇒ $3,100
$150,000 Account ⇒ $4,600
$250,000 Account ⇒ $5,600
Subject to the provisions of the Master Agreement, traders have the right to withdraw the withdrawal reserve threshold once the Master Agreement is completed.
Is there a minimum and maximum withdrawal of your profits?
There is a minimum and maximum withdrawal amount for profits earned by a trader. For the first three payments, the minimum withdrawal is $1,000 for all accounts and $500 for the $10,000 account, while the maximum withdrawal amount is determined by the account size selected by the trader. Below is a list of the minimum and maximum withdrawal amounts for each account size:
Account Type Minimum Withdrawal Maximum Withdrawal
| Account Type | Minimum Withdrawal | Maximum Withdrawal |
| $10K Bulenox Account | $500 | $750 |
| $25K Bulenox Accoun | $1,000 | $1,000 |
| $50K Bulenox Account | $1,000 | $1,500 |
| $100K Bulenox Account | $1,000 | $1,750 |
| $150K Bulenox Account | $1,000 | $2,000 |
| $250K Bulenox Account | $1,000 | $2,500 |
Table showing the Minimum and Maximum Withdrawal Amounts for Each Bulenox Account Size.
Where can I receive withdrawals?
Withdrawals can be disbursed from Bulenox through any of the following methods: ACH/bank transfer, Payoneer, Zelle, and PayPal.
Summary on Withdrawals at Bulenox
Bulenox has an efficient withdrawal process and a generous profit-sharing structure that is among the best in the industry. Bulenox focuses on building long-term relationships with futures contract traders, which is why the company establishes a structure that increases a trader's chances of success.
So, if you are a futures contract trader looking for a prop firm where you can earn a funded account, Bulenox may be worth considering. The rules are not complicated, and once you start trading on the funded account, you can be sure to withdraw your profits. Make sure you are familiar with the rules and do not overlook income tax when you start withdrawing your profits. I wish you success in your journey to become a funded trader by a solid and reputable prop firm like Bulenox.
What about the taxation with Bulenox prop firm?
At Bulenox, taxation on withdrawals is taken very seriously to ensure compliance with tax laws.
For U.S. Traders:
If you are a U.S. citizen, as soon as you request a withdrawal, Bulenox will provide you with a 1099-Misc form for Non-Employee Compensation. This classifies you as an independent contractor in the eyes of the IRS, and you will be responsible for paying income taxes accordingly.
For International Traders:
If you are a non-U.S. resident trader, Bulenox will provide you with a W-8BEN form. This document is crucial to clarify your tax status and ensure that withholding on your earnings is handled correctly.
IMPORTANT: I strongly recommend consulting a tax specialist to ensure you understand your obligations and plan your taxes properly. Even though this information comes from Bulenox, I am not qualified to provide tax advice.
What about advanced or custom trading accounts?
If such an opportunity is offered to you, you will have the freedom to choose between continuing to trade on your primary account or accepting a transfer to an account managed by Bulenox's partners. It's a chance to progress and expand your trading horizons with increased financial support and customized opportunities.
How does the No Scaling Bulenox account work?
For those who are not familiar, the No Scaling concept allows traders to start trading at full size immediately without restrictions related to increasing position sizes. Additionally, there are no daily loss limits, only a profit target and a loss threshold.
The setup fee only includes one-time installation costs. Afterward, Bulenox will cover the expenses related to data and the platform from its partners. At Bulenox, the setup and activation fees are $148 for a $50,000 account. Competitors charge $85 per month and require you to have your own charting platform.
Like many No Scaling companies, Bulenox will require you to maintain a cushion for withdrawals. There will also be a maximum withdrawal limit during the initial months to allow traders to grow their accounts properly. The one-time setup fees will save you hundreds or even thousands of dollars on a real account, or as Bulenox calls it, a primary account.
Is Bulenox's EOD Drawdown program more cost-effective?
The current evaluation offer is much better than the top two EOD Drawdown programs. Therefore, Bulenox has significant potential and a chance to surpass programs like Uprofit Trader, Earn2Trade Gauntlet Mini, and even Leeloo, which is currently declining. Ultimately, it will depend on your preferences regarding payment speed, the time you're willing to invest, commissions, etc. The key is to choose the prop firm based on your well-defined criteria.
$10,000Max Contract: 5 micro |
$25,000Max Contract: 3 |
$50,000Max Contract: 7 |
$100,000Max Contract: 12 |
$150,000Max Contract: 15 |
$250,000Max Contract: 25 |
