Bulenox Review for 2024: Latest Discount Codes and Insights

Last Updated: November 13, 2024

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Key Takeaways:

Account Sizes - $25,000 to $250,000.

Tradable Assets - Equity Index Futures, Cryptocurrency, FX, Commodities, Energies, and Metals.

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/Month - From $145 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.

I have had the chance to research Bulenox, a paradigm-shifting proprietary trading company in the futures market. They built a platform that gives traders the ability to enhance their strategies and multiply capital. Bulenox Accounts come in various sizes to fit every trading need and preference—the account types offer a healthy range of options, from at least $25K up to $250K. What I like the most about this prop firm is that it offers flexible trading rules and a competitive pricing structure. These, together with many other factors, give traders the free reign to implement different trading and risk management strategies.

Bulenox provides a healthy range of CME Futures services, including equity futures, cryptocurrency contracts, and trading with forex. Without this variety of options, I wouldn’t be able to broaden my trading portfolio in the manner I did. If nothing else, I would pick this company over rivals because I could access up to $250,000 in funding just a short while after onboarding. Plus, they have a profit-split payout scheme that would excite even the most aggressive negotiators out there. Knowing that I can keep 90 out of the 100 bucks I earn in profits is an unbeatable deal clincher.



Oh, before I forget, Bulenox has the smoothest payout system I have experienced. A few rounds in online forums and review sites like Trustpilot tell me that many former and current Bulenox members share this feeling. My experience with Bulenox was exciting and transformative, to say the least. I see it as the platform to join if you want the resources and community to compete favorably in the futures trading space.

 Bulenox Overview

They say that when great minds come together, great things happen. This is the story of Bulenox, which is the result of the coming together of seasoned investors and traders. The company came off the ground in 2022, and the team chose the US city of Wilmington in Delaware as the firm’s home. Bulenox, being the brainchild of market veterans, is a platform whose main goal is to remove as many obstacles as possible for new traders who wish to cultivate and hone their skills. 



The founders admit in the company’s About page that their mission is to offer a trader-centric platform that fills a gap in the trading world. Being traders with many years of experience, one cannot doubt their diagnosis of the market. According to the company’s website, the founders’ vision rides on the understanding of the challenges that the everyday trader experiences. Another key pillar of their vision is a commitment to providing solutions that maximize traders’ potential.

Pros and Cons

If there is a principle that traders learn very early in their careers and stick to, it is that whenever they consider a new direction, partnership, or strategy, they must evaluate its advantages and limitations. So, this Bulenox review is incomplete without revealing the reasons you might want to join the company. It will also highlight the factors that might make it unattractive.

What are Bulenox Tradable Assets and Commissions ?

Tradable Assets:
Whatever instrument you want in your portfolio, Bulenox has it, at least among the common options. This includes:

Equity Index Futures: Traders can include major indices like E-mini S&P 500 and E-mini NASDAQ 100 in their portfolios.

Cryptocurrency Contracts: This instrument suits traders focused on the crypto market. The allowable assets are Bitcoin and Ethereum futures.

Forex (FX) Trading: Traders who want to speculate on currency futures can leverage this instrument, with access to most major currency pairs.

Commodities: The specific markets that this instrument covers include physical commodities like gold, silver, oil, and agricultural produce.

These many instruments allow traders to tap into some of the most highly liquid markets in the world. And, the huge option range is great for risk management and balancing the portfolio.

Commissions:

The commission depends on the instrument that traders choose. The table below shows a detailed list of commissions.

How much does Bulenox Payout ?

What is Bulenox's Drawdown ?

What are the Trading Platforms for Bulenox ?

How Can you Become a Bulenox Trader?

The trader funding model has been around for some time now. And as more companies seek to establish a robust process for onboarding members, a standard procedure has emerged. Typically, the process starts at the registration phase, then trial, and ends at either approval or rejection. Bulenox follows this standard process, although with a few modifications. It goes like this:

Registration Phase: Any relationship between a trader and a funding company must begin with the company knowing the trader. The only way this happens is when the trader shares personally identifying details, which sums up the registration phase. Prospective members can share details via a simple sign-up form that is accessible through the “Join Now” button on the website’s homepage. Once the company verifies the details, traders can proceed with selecting the desired account from within the member portal. One must note that Bulenox’s onboarding process is fast mainly because they go easy on the depth of required personal details. Some may fault this approach, but it enables the company to streamline the onboarding process and respect prospective member privacy.

Authorization Phase: This is the stage where the company sets the new members up for a successful trading experience. Among the activities in this phase, the company guides traders on how to connect their accounts with a trading platform. But first, the trader must identify the preferred platform (and preferably download and install it to their local machine). If there is no error and the platform can boot up without issues, the trader can now port the Bulenox Account credentials over to the trading platform, say MT4—this links the company’s backend system with the trading platform.

Qualification Phase: If you can connect to the Bulenox server within the trading platform, the authorization phase is successful. Now, you must obtain the Qualification Account; a trial account that prospective traders can use to demonstrate their skills. The objective here is for the company to evaluate the trader’s risk management strategies and for the trader to demonstrate that they are capable of achieving the specific profit targets. 



Master Phase: This is the stage where the actual onboarding happens—if you’re a trader and reach the master phase, congratulations, you are almost a newly minted Bulenox trading member. Bulenox takes traders through five different activities at this stage: first, a trader must hit the profit target on the qualification account and trade for at least ten days—this amounts to what the company calls “Setup”; second, the company asks for additional personal details for verification; third, on successful verification, the company sends a certificate, a questionnaire, a contract, and instructions to the trader; fourth, the trader provides any additional information as requested and signs the contract; lastly, Bulenox reviews the submitted documents, approves them, and activates the trader’s Master Account. This might seem like too much work, but it is necessary to thoroughly prepare traders before they handle real funds.

What Are the Rules for Bulenox Trader Funding ?

According to Bulenox’s website, their mission is to create an optimal environment in which futures traders can flourish. To make this happen, the company has guidelines for molding members into traders who fit into the profile. Notably, the rules place a strong emphasis on critical aspects of futures trading, including trading days, timing, position management, trading objectives, and risk control. The objective is to create a clear framework to guide traders (new and existing) toward the ideal profile of a successful Bulenox-funded futures trader. Some of the elements of Bulenox’s guidelines include:

Trading Framework: This element defines the requirements for active trading days and the trading hours.

• Active trading days requirement: Traders must engage in trading activities for at least five days before qualifying for the Master Account, weekend and holidays are not counted as trading days. This requirement highlights the value Bulenox places on consistency and dedication in trading.
• Trading hours: The trading window extends from 5:00 PM to 4:00 PM the next day, Central Standard Time (CST), excluding holidays and weekends. A pivotal rule mandates the closure of all positions by 3:59 PM (CST) to uphold discipline within each trading day.

Position Management and Strategy:

• Position size flexibility: Bulenox’s members may manage multiple positions simultaneously. However, the company restricts the maximum number of positions one can hold to a specific figure—the exact limit may vary for each trader because they’re likely to use different accounts. Despite the restriction, traders are flexible enough to properly diversify their portfolio and effectively spread risks and volatility.

• Profit objective: As noted earlier, one of the conditions for advancing past the trial stage is to earn a stated amount of profit after a specific number of trading days. Traders must achieve this profit target before they can open a Master Account; this is the account that connects traders to the company’s purse. This target is strategically set to be challenging yet attainable, serving as a critical milestone in the trader’s journey.

• Risk management protocols: Bulenox tightly controls how deep a loss each trader can take for each trading session. That is why, at the evaluation stage (using the Qualification Account), traders must demonstrate that they can derisk their positions without inflicting untenable losses on their wallets.

• Diverse trading instruments: We saw earlier that one of Bulenox’s upsides is traders’ access to many trading instruments across several industries and markets. Moreover, the company allows traders to include both standard and micro contracts in their portfolios. Anyone who is partial to such a deep option range will most certainly prefer Bulenox.

Consistent Rules Across Account Sizes: Bulenox enforces a uniform set of rules across all account sizes. Notably, the firm doesn’t cap the number of days new traders can spend in the trial stage. This allows those determined enough to learn and improve their skills, eventually earning access to the Master Account.

Free Trial: Those who choose Rithmic as their preferred trading platform get a complimentary 14-day trial account. The offer includes 10 trading days and is exclusively available to individuals who have not previously used or registered with Rithmic. Upon the conclusion of the trial period, individuals can acquire a Qualification Account, transitioning from the trial phase to a more advanced stage of trading engagement.

What Are Bulenox Account Tiers ?

Once the trader passes the trial phase, they can choose one account type from five options. The difference is in the size of the initial funding that Bulenox provides. The table below provides the complete details of the account tiers based on attributes like the maximum number of contracts, profit target, and drawdown limits.

What Are Bulenox Account Types and Evaluation ?

Qualification Account

Master Account

Special Account

How to Set Up Bulenox Account ?

From our research, prospective members will jump through the fewest hoops in the market to join Bulenox. This straightforwardness is perhaps a critical factor in the popularity of the company in the prop trading environment. Here’s a quick overview of the onboarding process:

Registration Process:

1. Open the Bulenox website in the browser and navigate to the “Join Now” button. Clicking the button should open a registration window.
2. Obviously, if you’re a new visitor, you’ll choose the “Sign Up” option to open a new account. The registration window requires details like: 
3. Full name and email address.
4. A username.
5. A secure password.
6. Select your preferred account size directly within your Bulenox profile.

Setting Up Rithmic Connection:

This step is relevant for traders who opt to use Rithmic to access the futures market and set up and execute trading strategies. Download the software to your computer (this is ideal because it offers more functionality than the web trader). 

After installation, connect the R Trader account with Bulenox. To do this:

1. Launch the application and log in using your User ID and Password in the clients portal.
2. For the system, choose “Rithmic Paper Trading” to simulate trading environments.
3. Select “Chicago” as your gateway for optimal performance, though options like “Europe” or “Frankfurt” for European servers and “Tokyo” or “Singapore” for Asia are also available.
4. Do not forget to turn on Market Data and Allow Plugins for full functionality.

Accepting Rithmic’s Working Conditions:

As a responsible trader, one must always analyze and consider all options before making a decision. In this light, you’ll be required to agree to Rithmic’s terms and conditions—read the entire thing to ensure you know what you’re getting yourself into. Most crucially, ensure you tick the right option between “Non-Professional” and “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):

For those comfortable with alternatives, Bulenox supports NinjaTrader. Even better, the platform comes with a free license, meaning traders won’t have to part with a cent to use it. Here’s how to set it up:

1. Ensure you’re connected to R Trader or R Trader Pro and have accepted Rithmic’s terms.
2. Download and install NinjaTrader 8, and log in using your NinjaTrader Account Dashboard credentials.
3. Navigating to Tools > Options and check the Multi-provider option. This enables the Multi-Provider Mode.
4. In the Command Center, set up your connection by selecting My Rithmic for NinjaTrader Brokerage, adding it to your configured connections, and inputting your Rithmic credentials.
5. Under “System”, choose Rithmic Paper Trading, then deselect Plugin mode, and rename the connection to Bulenox for clarity.
6. Uncheck the Global Simulation Mode to turn it off. This is important to activate real trading capabilities.
7. Enter your NinjaTrader license key (available in the Member’s Area) and restart the trading platform for changes to take effect.
8. Reconnect to Bulenox via the Command Center to start trading.

Bulenox Reputation and Social Media

Is Bulenox Legit ?

Besides detailing what you get if you associate yourself with Bulenox, this review intends to answer a very important question: is the company legit? The short answer is YES. Our research found that Bulenox has a huge community on the internet and that the majority think of it as awesome. The company has also cultivated a good name within the futures trading community, having successfully funded numerous traders.



One of the most telling aspects of a legitimate business is in how they onboard new members. Looking at Bulenox, they run a rigorous process that is also fair, allowing any meritorious trader to join the family. If this isn’t a marker of legitimacy, nothing else is.

Financially, Bulenox offers a competitive profit split, with traders able to keep up to 75% of their earnings, which is fairly standard in the industry. The company has a transparent fee structure, with evaluation fees starting at $145, making it an affordable option for many traders.

Comparison: Bulenox Vs Other Firms

 Let’s see how Bulenox stacks up against the competition.

Bulenox Review: Final Thoughts

Bulenox is a serious contender for the top prop firm status in the futures trading market. Although most of the offerings are standard (i.e., they do not deviate so much from the features that rivals offer), there is enough to set the company apart. Most of the standard features are what you’d expect from a regular prop firm, including tailored account options and a broad spectrum of tradable assets. Add to that a strategic approach to payouts and drawdowns, which appeals to various trading styles. Also, traders connect with the market through popular platforms like MetaTrader 4&5, Rithmic, and NinjaTrader. However, traders should expect potential challenges, such as variable monthly fees and a sharp learning curve for those interested in managing multiple accounts. Although the challenges may require consideration, they do not overshadow the upsides of the company.