Last Updated: April 10, 2024
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I've had the opportunity to explore Bulenox, a proprietary trading firm that's truly set itself apart in the realm of futures trading. They've designed a platform that enables traders to refine their trading strategies and significantly increase capital. Bulenox offers various account sizes, catering to a wide range of trading needs and preferences, with options starting from $25,000 up to $250,000. What I appreciate most are the flexible trading rules and the competitive pricing structure, which have been instrumental in accommodating my diverse trading strategies and risk tolerance.
The firm supports a broad spectrum of CME Futures assets, including everything from equity futures and cryptocurrency contracts to forex trading. This variety has been crucial for diversifying my trading portfolio. One of my standout features is the access to up to $250,000 in funding, coupled with a highly attractive profit split payout scheme. Knowing that I can retain up to 90% of the profits I earn is empowering.
The payout system at Bulenox is both efficient and reliable, a point that I've found to be consistently validated through my interactions and the positive experiences shared by the wider trading community. My journey with Bulenox has been nothing short of transformative, providing me with the tools and resources to succeed in the competitive world of futures trading.
The detailed summary of
Bulenox emphasizes its diverse offerings and adaptability for traders. It showcases a variety of programs, appealing profit splits, and multiple account sizes catering to various trading capacities. The firm also offers a broad range of tradable assets, underlining the vast opportunities available to its users. This variety and flexibility are key to understanding the comprehensive scope of options and support Bulenox provides its traders.
Key Takeaways | Details |
---|---|
Account Sizes | $10,000 to $250,000 |
Tradable Assets | Equity Index Futures, Cryptocurrency, FX, Commodities, Energies, and Metals |
Commissions | 0.46 - 2.76 for Cryptocurrency, 0.61 - 2.09 for Equity Indexes, 1.41 - 2.12 for Interest Rates, and up to 2.86 for Agricultures |
Payout | 100% on first $10,000 of profits followed by 90/10 profit split |
Trading Platforms | MetaTrader 4 & 5, NinjaTrader, and TradingView |
Profit Target | $1,500 up to $15,000 varies by account size |
Withdrawal Limits | $750 to $2,500 based on account size |
Cost Per Month | From $115 to $535 |
Funding Days | 5 days minimum excluding weekends or holidays |
Free Trial | 14 Days Free Trial |
Multiple Accounts Management | Up to 11 Master accounts |
Drawdown | Between 2.2%-10% by account size |
Bulenox was founded in 2022 by a team of seasoned investors and traders. The firm is a proprietary trading firm registered in Wilmington, Delaware, USA. Its origin story is one of innovation and dedication to empowering traders. This team set out to create a platform that would provide traders with the financial resources to leverage their skills and offer a supportive environment for growth and development in the highly competitive field of futures trading.
From its inception, Bulenox aimed to fill a gap in the trading world by offering a trader-centric platform. This vision was driven by the founders' understanding of the challenges traders face and their commitment to providing solutions that enable traders to maximize their potential. The firm's foundation is built on trust, transparency, and trader empowerment, making it a standout choice for traders looking for a supportive and profitable trading experience.
When considering the firm, it's essential to weigh its advantages and limitations to assess if it aligns with your trading approach and goals.
Pros
Cons
Tradable Assets:
Bulenox offers a diverse range of tradable assets for futures trading, catering to traders' interests and strategies. The tradable assets include:
These assets provide a wide range of trading opportunities, from the volatility of cryptocurrency markets to the more traditional and stable markets of equities and commodities, enabling traders to diversify their trading strategies and portfolios.
Commissions:
Category | Products Range | Rate Range |
---|---|---|
Equity Indexes | E-mini & Micro E-mini Futures | 0.61 - 2.09 |
Cryptocurrency | Micro Bitcoin & Ether Futures | 0.46 - 2.76 |
Interest Rates | Various Futures | 1.41 - 2.12 |
FX | Futures & E-micro Futures | 0.5 - 2.36 |
Agricultures | Futures | 2.86 |
Energies | Crude Oil, Natural Gas Futures | 0.76 - 2.26 |
Metals | Gold, Silver, Copper Futures | 0.76 - 2.31 |
Indices & Bonds | Dow Jones, Treasury Notes & Bonds | 0.61 - 2.09 |
At Bulenox, traders start with an enticing 100% payout on their first $10,000 of profits. Beyond this initial earning, a profit split arrangement occurs where traders receive 90% of the profits, and Bulenox retains a 10% commission. This commission structure is consistent across the board, applying even to earnings from the Master Account after the first commission-free $10,000 withdrawal. The 10% commission is deducted during funds transfer to the trader's personal bank account.
Traders can request payouts at any point within a month, with Bulenox processing these requests weekly every Wednesday. However, to be eligible for a payout, traders must have completed at least ten individual trading days. The minimum withdrawal amount is set at $1,000 for the first three payments, except for those with a $10,000 account, for whom it's $500.
Bulenox also implements maximum withdrawal limits based on account sizes, ranging from $750 for a $10,000 account to $2,500 for a $250,000 account. These accounts are subject to a withdrawal safety threshold reserve, indicating the minimum balance that must be maintained to facilitate withdrawals. In the event of the Master Agreement's termination, traders can withdraw this safety threshold reserve, ensuring they can access their funds.
The drawdown limits vary according to the account size, offering more flexibility for larger accounts. For an account size of $250,000, the drawdown is as low as 2.2%, allowing for significant market maneuverability. Conversely, for smaller accounts, such as those valued at $10,000, the drawdown can reach up to 10%, reflecting a structured approach to risk management tailored to each account's capacity.
Bulenox provides its traders access to several leading trading platforms, ensuring a comprehensive and versatile trading experience. While specific platform details can vary, proprietary trading firms like Bulenox typically offer platforms known for their robustness, speed, and array of features catering to the needs of professional traders. These platforms often include:
Each platform provides unique features such as technical analysis tools, algorithmic trading support, and access to extensive market data, catering to traders' diverse strategies and preferences within the Bulenox community.
Registration Phase: Embarking on a trading journey with Bulenox begins with a registration process that is as effortless as it is efficient. Prospective traders are invited to visit the Bulenox website to complete a simple sign-up form. This initial step is designed for ease, allowing individuals to select an account size that aligns with their trading ambitions directly from within their dashboard. To streamline the onboarding process and respect the privacy of its users, Bulenox does not require a background check, making the transition into trading seamless and straightforward.
Authorization Phase: Following registration, the authorization phase sets the foundation for a successful trading experience. Traders are guided to download and install R I Trader Pro, a robust trading tool that enhances the trading experience with advanced functionalities. The setup continues with the installation of the chosen trading platform, allowing traders to customize their trading environment to suit their preferences. The final step in this phase involves connecting and configuring the Bulenox Trader's Account, ensuring that all systems are good for engaging with the markets.
Qualification Phase: The journey progresses to the qualification stage, where traders receive a Qualification Account. This crucial phase is designed to showcase the trader's prowess in managing risk and strategizing effectively under real market conditions. Traders are encouraged to demonstrate their skills and reach the profit target while adhering to the established trading rules. This stage serves as both a test and an opportunity for traders to prove their readiness for the next level.
Master Phase: Upon successfully navigating the qualification stage, traders ascend to the Master level, where they are granted access to a Master Account. This stage is the culmination of the trader's hard work and dedication, offering the chance to trade with greater autonomy and the potential for higher returns. At the Master level, adherence to the established trading rules remains paramount, ensuring consistency and discipline in trading practices. Compensation at this stage is directly tied to performance, with traders getting paid based on the outcomes of their trades. This merit-based system rewards skill, strategy, and success, marking the pinnacle of the Bulenox trading journey.
Bulenox's mission centers on creating an optimal environment for futures traders to flourish, underpinned by a comprehensive rule to foster their progression and excellence. These rules, meticulously outlined by Bulenox, emphasize crucial aspects such as trading days, timing, position management, trading objectives, and risk control. This framework ensures that traders have a well-defined roadmap to navigate their journey to success.
Trading Framework:
Position Management and Strategy:
Consistent Rules Across Account Sizes:
Bulenox enforces a uniform set of rules across all account sizes, including a minimum trading duration of five days. Importantly, the firm imposes no maximum timeframe for completing the challenge, allowing traders the flexibility to operate at a pace that aligns with their strategies and goals.
Through these guidelines, Bulenox establishes a structured yet flexible trading environment that accommodates various trading styles and strategies. The firm's rules are crafted not merely for regulation but to assist traders in realizing their objectives, laying a solid foundation for their success in the competitive world of futures trading.
Free Trial: Rithmic offers a complimentary 14-day trial account, which encompasses 10 trading days, exclusively available to individuals who have not previously used or registered with Rithmic. Upon the conclusion of the trial period, individuals are presented with the opportunity to acquire a Qualification Account, transitioning from the trial phase to a more advanced stage of trading engagement.
Account Size | Max Contracts | Profit Target | Drawdown Limit | Payout on First $10,000 | Monthly Fee | Options |
---|---|---|---|---|---|---|
$10,000 | 5 m-contracts | $1,000 | Up to $1,000 | 100% | $115 | No Scaling / EOD Account |
$25,000 | 3 contracts | $1,500 | Up to $1,500 | 100% | $145 | No Scaling / EOD Account |
$50,000 | 7 contracts | $3,000 | Up to $2,500 | 100% | $175 | No Scaling / EOD Account |
$100,000 | 12 contracts | $6,000 | Up to $3,000 | 100% | $215 | No Scaling / EOD Account |
$150,000 | 15 contracts | $9,000 | Up to $4,500 | 100% | $325 | No Scaling / EOD Account |
$250,000 | 25 contracts | $15,000 | Up to $5,500 | 100% | $535 | No Scaling / EOD Account |
Bulenox enjoys an impressive 4.6-star rating on Trustpilot, based on 254 reviews, showcasing significant customer satisfaction. With 89% of reviewers awarding it 5 stars and an additional 7% providing 4-star ratings, the platform is well-regarded by its users. There are few lower ratings, with 1% at 3 stars, less than 1% at 2 stars, and 3% at 1 star, highlighting a predominantly favorable perception among its clientele.
Stay updated with Bulenox through their Instagram account, which boasts over 125 posts and has amassed 4,093 followers. Their Instagram feed is a treasure trove of valuable information, featuring exclusive discounts, the latest updates, and user reviews. For any direct questions or inquiries, Bulenox encourages users to utilize the direct messaging feature on Instagram, ensuring a convenient and accessible channel for communication.
Connect with Bulenox on Twitter and become part of their growing community, which currently includes over 1,781 followers. Dive into their collection of 115 posts for a dynamic and interactive experience. Bulenox shares insightful reviews, announces sales, and posts diverse media content through their Twitter feed, providing a comprehensive view of the company. Keep abreast of the latest news, including exclusive discounts, and engage with their content through comments to stay in the loop on the newest developments from Bulenox.
Bulenox Trading Firm offers a range of account types tailored to cater to traders' diverse needs and skill levels. The Qualification Account is the entry point for traders to demonstrate their trading prowess and risk management skills under predefined conditions to qualify for higher tiers. Upon successfully meeting the qualification criteria, traders advance to the Master Account, engaging in more complex trading strategies with increased capital and the potential for higher returns, adhering to strict trading rules, and enjoying a larger share of the profits. Additionally, Bulenox provides Special Accounts and customized solutions offering unique advantages and features for experienced traders seeking specific trading conditions or those with exceptional trading skills. Each account type is structured to support the trader's growth journey, from proving their capabilities to mastering the markets and exploring specialized trading environments.
When traders embark on their journey with Bulenox and choose to use Rithmic's platforms, they face an important initial decision regarding their trading status. They must identify themselves as either a professional or a non-professional trader. This designation is crucial as it determines the monthly fees associated with accessing exchange data feeds. Specifically, professional traders must pay $116 monthly for data from major exchanges like CME, CBOT, NYMEX, and COMEX. In contrast, non-professional traders enjoy the benefit of accessing this data without additional charges as part of their Qualification Account package. It's important to note that once a status is selected, it cannot be changed, emphasizing the need for traders to make an informed choice from the outset.
Bulenox offers two main account options tailored to fit different trading strategies and preferences:
Bulenox also implements a daily loss limit to help traders manage risk. This limit is calculated daily, including commissions, and realized and unrealized trades, ensuring traders don't exceed a predetermined loss threshold. This protective measure automatically suspends trading for the day if the limit is reached, preventing further losses without being considered a rule violation. As traders progress to the Master Account, the daily loss limits are lifted once the account's drawdown meets its initial balance, offering more flexibility to seasoned traders.
For traders needing a fresh start due to reaching their maximum drawdown, Bulenox provides a straightforward reset option. This allows traders to update their account balance and continue trading without the burden of past performance affecting their new start. The process is immediate, with email notifications confirming the reset. However, it's important to remember that this does not extend the Qualification Account's subscription or alter the minimum 5 trading day requirement.
In addition to offering diverse account options, Bulenox supports traders in managing multiple accounts. Traders can have several Qualification and upto 11 Master accounts simultaneously, all linked to a single Rithmic User ID. This unique feature allows traders to diversify their strategies across different accounts, maximizing their potential for success. Subscribing to additional accounts is made easy through the trader's Bulenox profile, ensuring all accounts are conveniently linked to the same Rithmic User ID for seamless management.
After successfully achieving the objectives within their Qualification Account, including reaching the specified profit target and trading for a minimum of five days, traders are prompted to transition to the next stage. This process begins with the trader initiating a support ticket via their Bulenox account on the platform’s website. The required information for this ticket includes the trader's full name, email address, Rithmic User ID, and, for those managing multiple accounts, the specific account numbers in question. This verification process is thorough, taking up to 48 hours to complete. Upon successful verification, traders receive an email containing their certificate of achievement, detailed instructions for the next steps, a questionnaire, and the contract for the Master Account. At this juncture, the subscription fees for the Qualification Account are waived, as the trader transitions from qualification to mastery, facilitated by the Bulenox team.
Transitioning to the Master Account introduces a financial adjustment, specifically a one-time activation fee that covers essential services including the data feed and ongoing account maintenance. The fee structure is tiered based on the account size, starting at $98 for a $10,000 account and escalating to $898 for a $250,000 account. This fee replaces the monthly subscription cost, streamlining the financial commitments for the trader.
Bulenox supports the parallel management of multiple accounts, both Qualification and Master types, under a singular Rithmic User ID. Notably, a trader is permitted to operate up to 11 Master accounts. This flexibility is further enhanced for those managing Master Accounts, allowing the operation of up to three simultaneously. The activation of additional Master Accounts is contingent upon each reaching its initial starting balance, with the possibility to review and add more as each account meets the specified financial thresholds.
The governance of the Master Account is straightforward yet stringent. Upon receipt of the completed application form and the signed contract, traders are notified via email that their Master Account is operational, enabling them to begin trading under this new status. The rule set for the Master Account mirrors that of the Qualification Account, with significant stipulations regarding drawdown limits tailored to the account size, ranging from a $1,000 Trailing and EOD Drawdown Amount (TDA) for a $10,000 account up to a $5,500 TDA for a $250,000 account. Exceeding the maximum drawdown results in account closure, underscoring the importance of risk management.
Compensation on the Master Account is directly tied to trading performance. The initial $10,000 earned by the trader is exempt from commission, with subsequent profits subject to a 10% commission by Bulenox, leaving the trader with 90% of their earnings. Withdrawal requests can be made at any time during the calendar month, with processing scheduled weekly on Wednesdays. The platform sets forth minimum and maximum withdrawal amounts based on account size, ensuring traders have access to their funds within defined limits.
Upon requesting a withdrawal, traders are provided with the necessary tax forms, reflecting their status as independent contractors. This system, designed for advanced training and performance-based compensation, positions successful traders for potential unique offers from Bulenox’s capital partners, promising a tailored and lucrative trading journey.
The Micro Account, with a balance of $10,000, is designed for traders who prefer engaging with the market on a smaller scale. It allows the trading of up to 5 micro contracts. This account type is particularly suitable for those looking to manage risk meticulously while gaining exposure to the futures market.
Micro Account Specifications:
An advantageous feature of the Micro Account is the flexibility to carry trades over to the next day. This allows traders to maintain open positions overnight, offering the potential to capitalize on market movements beyond the traditional day trading window. However, it's important to note that carrying trades over the weekend is not permitted, ensuring that positions are managed within a controlled risk environment.
Eligible Instruments for Overnight Trading:
The Micro Account is an excellent option for traders seeking to navigate the futures market with a smaller capital outlay while still benefiting from the flexibility and opportunities presented by overnight trading. This account type emphasizes strategic risk management through its drawdown options and daily loss limits, offering a selection of key instruments that can be traded across multiple sessions.
Starting your trading journey with Bulenox is a straightforward process, beginning with a simple registration on their website. Here's a step-by-step guide to getting started:
Registration Process:
Setting Up Rithmic Connection:
For seamless trading, connecting to Rithmic R | TRADER is essential:
Accepting Rithmic's Working Conditions:
Carefully review and agree to Rithmic's documents and select your status as either "Non-Professional" or "Professional." Remember, non-professional traders benefit from included exchange data feeds in their Qualification account, whereas professional traders are subject to a monthly fee of $112 per exchange.
Connecting NinjaTrader (With a Free License):
NinjaTrader offers an alternative trading platform with a free license:
For detailed instructions on connecting NinjaTrader or troubleshooting any issues, refer to the comprehensive NinjaTrader Connection guide provided by Bulenox or contact their support team for personalized assistance. For traders wishing to trade on the go, NinjaTrader Mobile offers the flexibility to trade from your mobile device.
The Bulenox Review document thoroughly evaluates Bulenox's proprietary trading offerings, emphasizing its tailored account options ranging from $10,000 to $250,000 and a broad spectrum of tradable assets. It addresses the platform's strategic approach to payouts and drawdowns, appealing to various trading styles. The review outlines the platform's utilization of leading trading platforms like MetaTrader and NinjaTrader, enhancing the trading experience. However, it notes potential challenges, such as variable monthly fees and the intricacies of managing multiple accounts. The document suggests that while these aspects may require consideration, they do not overshadow the benefits.
Ultimately, the review presents Bulenox as a competitive option for traders seeking growth and versatility in futures trading, backed by comprehensive support and a structured pathway from qualification to mastery. The detailed analysis suggests Bulenox is well-suited for traders aiming for strategic market engagement with the support of a flexible and robust trading infrastructure.
Traders receive a 100% payout on their first $10,000 of profits, followed by a profit split where traders keep 90% and Bulenox retains 10%. Drawdown limits vary by account size, offering flexibility in risk management.
After achieving the objectives within the Qualification Account, traders initiate a support ticket via their Bulenox account. Upon verification, which takes up to 48 hours, traders receive an email with further instructions, a questionnaire, and a contract for the Master Account.
Transitioning to the Master Account involves a one-time activation fee that covers essential services, including the data feed and ongoing account maintenance. The fees range from $98 for a $10,000 account to $898 for a $250,000 account.
Traders must trade for a minimum of five days before qualifying for the Master Account. This requirement underscores Bulenox's emphasis on consistency and dedication in trading.
Yes, the trading window spans from 5:00 PM to 4:00 PM the next day, Central Standard Time (CST), excluding holidays and weekends. All positions must be closed by 3:59 PM (CST) daily.
Bulenox allows traders to manage multiple positions simultaneously, with the maximum size dictated by the selected account type. This flexibility supports strategic diversification and effective risk management.
Keeping within the account's maximum drawdown limit is a stringent requirement, highlighting the importance of risk management. Traders are cautioned against exceeding this limit to maintain the sustainability of their trading activities.
Yes, Bulenox enables trading with standard and micro contracts, offering various futures instruments across sectors like equity, interest rates, currency, agriculture, energy, metals, and micro-finances.
Bulenox enforces a uniform set of rules across all account sizes, including a minimum trading duration of five days, with no maximum timeframe for completing the challenge. This policy allows traders the flexibility to operate at a pace that aligns with their strategies and goals.
Trading Disclaimer: The information provided is for informational purposes only and is subject to change. We strive to keep it up-to-date and accurate. However, there may be instances where actual data differs from what's published on our website. Daytradinginsights.com operates as an independent platform, which may receive compensation for advertisements, sponsored content, or when you click on links on our site. Please note that the authors and contributors are not licensed financial advisors. Before making any financial decisions, it is recommended that you seek the advice of a professional.
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