Head to head
Bulenox vs IQ Capital
Bulenox grades higher overall, 6.8 to 6.5. Across 21 measurable rows, Bulenox comes out ahead on 8 and IQ Capital on 8.
Cheap futures evaluations with real payouts, but an unpublished flipping rule decides who gets paid
Cheap, well-reviewed and barely a year old — the support is real, the paper trail isn't yet
Key differences
In short
- IQ Capital has the stronger payout record (8.7 vs 7.7).
- Bulenox carries more hidden-rule risk (4.4 vs 4.0), led by: unpublished 'flipping' rule used to refuse payouts.
- IQ Capital allows more capital ($2,000,000 vs $750,000).
- Rithmic is only available at Bulenox.
- MT5, Volumetrica, Tradovate, TradingView are only available at IQ Capital.
Bulenox vs IQ Capital, side by side
The better value in each row is marked
| Criterion | ||
|---|---|---|
| Grade | ||
| Overall score | B6.8 | B6.5 |
| Payouts | 7.7 | 8.7 |
| Transparency | 4.8 | 5.7 |
| Rules & trading conditions | 6.5 | 3.9 |
| Reputation | 7.4 | 6.3 |
| Platforms & execution | 7.0 | 5.9 |
| Support | 7.2 | 8.1 |
| Evidence | ||
| Trustpilot | 4.7 (1.8K) | 4.7 (552) |
| Pass rate | 10%Estimate | 15%Estimate |
| Hidden risk | 4.4 HighHidden risk 4.4 out of 10, High | 4.0 HighHidden risk 4.0 out of 10, High |
| Negative recent reviews | 7.5% | 5% |
| Offer | ||
| $100K challenge | — | $499 |
| Cheapest account | $94 | $199 |
| Max allocation | $750K | $2M |
| Max profit split | 100% | 90% |
| Payouts | Master: weekly, every Wednesday… | Every 10 days (Core/Instant Crypto-CFD), every 1-3 days… |
| Programs | 1-step, instant | 1-step, instant |
| Current offer | DEAL· BULENOX | — |
| Company | ||
| Headquarters | Wilmington, Delaware, United States | Dubai, United Arab Emirates |
| Years in business | 5 | 1 |
| Trading | ||
| Platforms | Rithmic, NinjaTrader, Quantower | MT5, Volumetrica, Tradovate, NinjaTrader, TradingView, Quantower |
| Assets | Futures, Indices, Commodities, Energies, Metals, Crypto, Forex | Forex, Indices, Metals, Commodities, Energies, Crypto, Stocks, Futures |
| EAs | Restricted | Restricted |
| News trading | Allowed | Allowed |
| Weekend holding | Not allowed | Allowed |
| Copy trading | Restricted | Not allowed |
| Hedging | Restricted | Restricted |
Wilmington, Delaware, United States
Dubai, United Arab EmiratesWhich should you choose?
By trading style
| You are… | Pick | |
|---|---|---|
| Beginners | IQ Capital | Entry as low as $9 for a small account, no minimum trading days, an end-of-day (not live) drawdown, and support that reviewers praise as fast and patient make this an easy on-ramp, though the funded-account risk cap is tighter than the challenge. |
| Experienced traders | Either | Bulenox: Up to five Master-level accounts and 100% of the first $10,000 are attractive, if you accept the flipping review and discretionary live transition. |
| Swing traders | IQ Capital | CFD and crypto positions can be held overnight and through the weekend with no restriction, which reviewers specifically credit; futures accounts, by contrast, must flatten every day. |
| Scalpers | Bulenox | No minimum hold time, news is open and micro contracts cost $0.61 per side, though trailing drawdowns punish give-backs. |
| EA & algo traders | Either | Bulenox: Personal bots and copiers are allowed, but third-party API access costs $100 a month and high-frequency algos are barred. |
| News traders | Either | Bulenox: CPI, FOMC and NFP are open on every program with no blackout window. |
Verdicts
Bulenox verdict
Cheap futures evaluations with real payouts, but an unpublished flipping rule decides who gets paid
Best for: Intraday futures traders who trade meaningful size every day, want very cheap evaluations and can live with weekly payouts and several consistency checks.
Avoid if: You need overnight holds, trade on a Mac or TradingView, or want every payout condition published before you buy.
IQ Capital verdict
Cheap, well-reviewed and barely a year old — the support is real, the paper trail isn't yet
Best for: Cost-conscious beginners and disciplined swing traders who want a cheap, clearly-documented single-phase challenge and value fast support over a long payout track record.
Avoid if: You need years of verified payout history, size positions near the funded-account's 0.5% per-trade cap without adjusting from the Challenge's 1%, or want full clarity on which jurisdiction actually governs your contract.
Bulenox vs IQ Capital FAQ
Questions traders ask
Is Bulenox better than IQ Capital?
On our grading Bulenox scores higher overall (6.8 vs 6.5, grade B vs B). IQ Capital still comes out ahead on payouts, rules, support. The better choice depends on your style: compare the rules rows above before buying.
Which is cheaper, Bulenox or IQ Capital?
The cheapest accounts start at $94 at Bulenox and $199 at IQ Capital. Prices depend on program and size, so compare the challenges tables.
Which pays out more reliably, Bulenox or IQ Capital?
IQ Capital has the stronger payout score (Bulenox 7.7 vs IQ Capital 8.7). Bulenox pays master: weekly, every wednesday. fast track and momentum: same day for weekday requests before 12:01 pm ct; IQ Capital pays every 10 days (core/instant crypto-cfd), every 1-3 days capped at 5 payouts (rapid).
Which has fewer hidden rules, Bulenox or IQ Capital?
IQ Capital has the lower Hidden Risk score (Bulenox 4.4, high; IQ Capital 4.0, high). Each review lists the specific rules behind the score.
Is it easier to pass Bulenox or IQ Capital?
Bulenox: 10% (estimate). IQ Capital: 15% (estimate). Estimates are a guide to difficulty only; drawdown type and daily loss rules matter as much as the target.
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