Bulenox is a US futures prop firm operated by Bulenox LLC. Traders either pass a paid evaluation (Qualification) or buy a Fast Track account that skips the evaluation. Qualification is cheap to enter, especially at $100K and $150K, and has no daily loss limit, no minimum trading days and no stated consistency rule. Its main constraint is a trailing maximum loss that shrinks from 6% to 3% of the account as size increases, against a 6% profit target, and which drawdown type applies to which account needs confirming. Fast Track costs between two and three times as much as the matching Qualification account, and the firm’s announcements tie daily payouts to Fast Track and Momentum accounts.
Who operates Bulenox
The firm trades as Bulenox and is registered as Bulenox LLC in the United States. It offers futures only, not CFDs or spot forex. Its website is bulenox.com, where its pricing, help-center articles and FAQ are published.
Bulenox does not publish a total amount paid to traders. Such firm-reported totals are self-reported and prove little, but without one a trader has less public information on payout history to weigh against the firm’s terms.
Account programs and what they cost
The firm sells two account routes in four sizes each: $25K, $50K, $100K and $150K. All fees are one-time charges.
- Qualification is a one-step evaluation. You trade a simulated account to a profit target without breaching the maximum loss, then move on toward a funded stage.
- Fast Track is instant. There is no evaluation profit target to hit before reaching the account stage that pays out.
A third program, Momentum, appears in the firm’s announcements alongside the two challenge routes. It is covered separately below.
Dividing each fee by account size shows how the pricing scales. This assumes the advertised account size is the right basis for comparison, which ignores differences in drawdown between sizes:
| Account size | Qualification fee per $10K | Fast Track fee per $10K | Fast Track premium over Qualification |
|---|---|---|---|
| $25K | $58.00 | $135.20 | $193 |
| $50K | $35.00 | $97.60 | $313 |
| $100K | $21.50 | $64.80 | $433 |
| $150K | $21.67 | $52.53 | $463 |
Two points come out of this. First, the $100K Qualification account is the cheapest per $10K of nominal size, and the $150K is almost identical. The $25K costs nearly three times as much per $10K. Second, the Fast Track premium is the price of skipping the evaluation. Whether that is worth paying depends on how many evaluation attempts you would otherwise expect to buy. As a hypothetical, a trader who would need three tries at a $50K Qualification account would spend $525, more than the $488 Fast Track fee for the same size. A trader who passes on the first attempt spends $175.
A discount code (BULENOX) is offered for the Qualification program, checked November 8, 2026. Its value and any conditions are set by the firm.
Qualification rules
Profit target and maximum loss
Profit targets are $1,500 for $25K, $3,000 for $50K, $6,000 for $100K and $9,000 for $150K. That is 6% of the account at every size.
Maximum loss is “up to” $1,500, $2,500, $3,000 and $4,500 for the same sizes. At those upper values, the allowance is 6% of a $25K account, 5% of a $50K and 3% of the $100K and $150K accounts. The target stays at 6% while the loss buffer narrows. On the two larger accounts, you need to make twice the maximum loss to pass. On the $25K, the target and loss limit are equal.
This changes how to read the cost table. The larger accounts are cheaper per $10K partly because they give you less room per dollar of account. Price per $10K of drawdown is a fairer measure than price per $10K of account size. On that basis, at the maximum loss figures, the $25K costs about $967 per $10K of drawdown, the $50K about $700, the $100K about $717 and the $150K about $722.
Trailing versus end-of-day drawdown
Bulenox describes its maximum loss as “trailing | eod” without saying which configuration applies to which account. Confirm these terms on the firm’s pricing page before buying: which accounts use intraday trailing and which use end-of-day drawdown, whether the trail stops at a set level as it does at many futures firms, the drawdown amount and type on each Fast Track size, and what happens when the 30-day Qualification access period ends without a pass, such as an extension, a renewal charge or a reset.
- Intraday trailing drawdown follows your highest account value in real time, including unrealized profit on open positions. If a trade runs up and then reverses, the floor has already moved up and stays there.
- End-of-day (EOD) trailing drawdown recalculates the floor from the closing balance once per session. Intraday swings in open profit do not lift the floor. Only the end-of-day value does.
A hypothetical example with a $50K account and a $2,500 trailing limit, assuming the floor starts $2,500 below the starting balance: the floor begins at $47,500. Suppose you open a position that reaches $1,200 in open profit and then close it at breakeven. Under intraday trailing, the floor would have risen to $48,700 at the peak and stays there, leaving $1,300 of room. Under EOD trailing, the session closed at $50,000, so the floor stays at $47,500.
No daily loss limit
Qualification accounts have no daily loss limit, so the trailing maximum loss is the only drawdown rule. This cuts both ways. A bad morning does not end your day automatically, so you can recover within the session. But nothing stops one session from using up the whole buffer, so position sizing is entirely your responsibility.
Minimum days, consistency and the 30-day access period
There is no minimum number of trading days and no stated consistency rule. In principle, a trader could reach the target in a single session, subject to the firm’s other conditions.
The time limit is 30 days of Qualification access. A short window and a 6% target together put some pressure on pace, especially on the $100K and $150K accounts, where the loss buffer is 3%.
Fast Track
Fast Track accounts cost $338, $488, $648 and $788 for the four sizes, with no evaluation target. The drawdown is trailing, with the same “trailing | eod” notation, but the firm gives no amounts for these accounts, so the Qualification maximum-loss figures cannot be assumed to carry over. Payouts are daily, and the firm’s announcement confirms daily payouts with same-day processing on Fast Track.
Momentum and Momentum Master
The firm’s announcements name a Momentum program that leads to a Momentum Master account. That Master account activates without an activation fee after you pass Momentum. Daily payouts with same-day processing are also available on Momentum accounts. Pricing, targets and drawdown for Momentum are published in the firm’s help center.
The fact that Momentum Master has no activation fee suggests the routes differ in what you pay after passing, so a total-cost comparison should add any post-pass charges to the evaluation fee.
Payouts
- Profit split: up to 90%. “Up to” means 90% is the ceiling. The split you receive may depend on the program or stage.
- Frequency: daily. The firm’s announcement specifically names Fast Track and Momentum accounts for daily payouts.
- Processing: same day, as reported by the firm.
- Methods: Rise, crypto and bank transfer.
Rise is a payroll and contractor payment platform. Crypto payouts usually arrive faster but bring network fees and conversion risk. Bank transfers are slower but avoid both.
A 90% split applies to profit, not to your account balance. For example, if you have $2,000 in withdrawable profit and a 90% split, you receive $1,800 before any withdrawal-method costs. How much profit counts as withdrawable at each payout depends on the rules of the program you buy.
Platforms and markets
Bulenox says it supports 20+ trading platforms, including Rithmic, NinjaTrader, Tradovate, Quantower and Volumetrica. They do different jobs:
- Rithmic is a market data and order-routing connection. Charting platforms connect to it rather than traders using it alone.
- NinjaTrader, Quantower and Volumetrica are trading front ends for charting, order entry and order-flow tools.
- Tradovate is a web, desktop and mobile futures platform.
A platform and a data feed are not the same. Traders who already use NinjaTrader or Quantower can usually keep their layout and connect through the supported feed.
Tradable assets are futures on equity indices, energies, metals, FX, grains and livestock, plus Micro Bitcoin and Micro Ether. Those last two are CME micro-sized crypto futures, so crypto exposure here means exchange-traded futures, not spot coins or crypto CFDs. Agricultural contracts such as grains and livestock have shorter trading sessions and different volatility from index futures. With a trailing drawdown, that affects how much room each contract uses up.
Trustpilot reputation
Bulenox has a 4.6 Trustpilot rating from 1,836 reviews. Of those, 1,647 are five-star (about 90%), 86 are four-star, 16 three-star, 7 two-star and 79 one-star (about 4%). The distribution is lopsided: very few middle ratings, and more one-star reviews than two- and three-star combined.
Strengths and trade-offs
Strengths
- Low Qualification entry fees, especially at $100K and $150K.
- Few Qualification rules beyond the trailing maximum loss.
- Evaluation or instant access in every size.
- 20+ supported platforms and a wide futures range, including micro crypto.
- Daily, same-day payouts on Fast Track and Momentum.
Trade-offs and risks
- The loss buffer narrows to 3% on larger accounts against a 6% target.
- The drawdown type per account is unclear, and intraday trailing is the stricter one.
- A 30-day Qualification access window.
- Fast Track costs much more, and the firm gives no drawdown amounts for it.
- The 90% split is a ceiling, not a fixed rate.
- No published payout total.
How we checked Bulenox
We visited bulenox.com on 13 November 2026, connecting from Tallinn, Estonia. We opened the home page on desktop and on a phone, scrolled to the footer, and followed its “Accounts & Pricing” and “Affiliate Program” links. The footer names Bulenox LLC at 1201 N Orange St, Ste 7149, Wilmington, DE 19801. A live chat widget was on the page. We also read the FAQ, the help center and the Terms of Use PDF.
Prices were easy to find. On the pricing page, the Qualification account with trailing drawdown costs $145 one-time at $25,000, with a $1,500 profit target and drawdown up to $1,500. At $150,000 it costs $325, with a $9,000 target and drawdown up to $4,500. Each size showed no minimum trading days and no daily loss limit, and the cards we read gave access valid for 30 days. In the firm’s words, the trailing limit “follows your highest point”, open positions included. The home page ties same-day payout processing to Fast Track and Momentum accounts. The FAQ permits bots and trade copiers but adds $100 per month if you connect to Rithmic through a third-party API. We clicked “Join Now” next. It asked us to sign up or log in before any price or payment step, so we stopped there.
No licence or registration number appears anywhere we looked. There is no regulator statement either, and we saw no risk warning. Because nothing is claimed, there was no register for us to query. On Trustpilot, which we read on 13 November 2026, Bulenox scored 4.6/5 from 1,836 reviews, and the company had replied to none of the 8 newest. The Wayback Machine’s first capture of the domain is dated 2021-06-12, though that capture may predate the current brand.
Some things we could not confirm. We did not buy an account, trade or request a payout, so the same-day payout claim rests on the firm’s own statements.
Who Bulenox may suit
The Qualification route fits traders who want to keep evaluation costs low, dislike daily loss limits and consistency rules, and can size positions to survive a trailing drawdown. A smaller account gives more room relative to the target. The $25K is the only size where the maximum loss equals the profit target. Fast Track fits traders who value daily payouts and would rather pay a known premium than risk repeated evaluation fees, provided the drawdown terms check out.
Traders who need a static drawdown, a published payout record or a fixed split should compare other futures prop firms.
Alternatives
| Provider | Score | Fee | Split | Payouts | |
|---|---|---|---|---|---|
| 6.3/10 | $6 | Up to 85% | 30d → 21d → 14d | Review | |
| 7.1/10 | $344 | Up to 95% | Once time limit complete | Review | |
| 7.7/10 | $522 | Up to 100% | Bi-Weekly | Review |