Bulenox review
Delaware-registered futures prop firm on Rithmic, selling evaluations since 2021
- CEO
- Not disclosed
- Headquarters
- United States
- Founded
- 2021
- In business
- 5 years
- Trustpilot
- 4.7(1.8K)
United StatesWork at Bulenox? Claim this profile
Our grade
Good
6.8 / 10 · #7 of 34
4.7
Trustpilot
1.8K reviews
- 5★90%
- 4★5%
- 3★1%
- 2★0%
- 1★4%
Applies Bulenox's best current discount to Qualification, Fast Track and Momentum accounts (percentage not stated by the firm)
Standing code with no end date: the pricing page calls it an always-on coupon that never expires, and the site banner says it applies the best available discount at checkout. Independent trackers reported 89% off Qualification Option 1, 75% off Option 2 and 40% off Fast Track and Momentum in early October 2026.
Bulenox rules & hidden risks
The fine print that costs traders accounts
Hidden Risk score
4.4/10
High risk
Average: 4.6
Bulenox's account rules are written out in detail, so few traders blow an account on a surprise number. The risk is at payout time: a 'flipping' clause in the Master Agreement, absent from the public help center, lets the firm refuse payouts it judges were padded with token trading days, and the move to a live account is at its discretion. Payout denials and rule disputes make up a quarter of the negative reviews.
Hidden rules to know before you buy
- highdiscretion
Unpublished 'flipping' rule used to refuse payouts
Section 5.6 of the Master Agreement bars trading tiny size just to count a day toward the 10-day payout requirement. No threshold is published and the help center never mentions it; 11 of 81 negative reviews describe payouts refused on it, some after the 40% consistency math had passed.
Source - highaccount
Live Funded Account only at Bulenox's discretion
Three payouts only make a Master eligible for review; the transition is not automatic, Master profits do not carry over, and declining the offered terms closes the Master with no further reward.
Source - mediumconsistency
Consistency rule on every payout route
Master payouts need a best day of 40% or less of period profit, Momentum 35%, and Fast Track starts at 20% on the first payout. There is no program without one, though missing it only delays the payout.
Source - mediumpayout
10 trading days and a safety reserve per Master payout
Each Master request needs 10 new trading days, at least $1,000, and $1,600-$4,600 left above the starting balance; payouts 1-3 are capped at $1,000-$2,000, so most profit stays exposed to the trailing drawdown.
Source - mediumcosts
Activation fee after passing
Passing a Qualification triggers a separate $143 / $148 / $248 / $498 activation fee, payable within 7 days of the link; several reviewers say they did not see it before buying.
Source - mediumdrawdown
Trailing drawdown counts open profit
Option 1 trails the highest account value in real time including unrealized gains, so a winning trade that reverses can lift the threshold and later breach the account.
Source - mediumstrategy
No cross-firm copy trading
Copiers are allowed between your own Bulenox accounts, but the Master Agreement prohibits copying trades from other prop firms' accounts, a rule traders report learning only after passing.
Source - mediumdiscretion
Outdated Terms of Use with broad termination rights
The July 2021 Terms let Bulenox close accounts for any reason without notice, cap its liability at 30 days of fees and bar 'scalping' algorithms, which conflicts with today's FAQ that allows bots.
Source - lowaccount
Weekly inactivity rule on Master Accounts
A Master Account with no trade for more than a week can be put on hold or disabled unless you ask support for a hold in advance.
Source - lowcosts
Professional data fee and $100 API fee
Ticking 'Professional' in the Rithmic agreement costs $116 a month for CME data, locked for the account's life, and connecting through a third-party API or copier costs $100 a month.
Source - lowother
Locally simulated OCO orders
NinjaTrader OCO brackets run on your PC; if it disconnects, the leftover stop or target can open a new position and Bulenox does not cover the loss.
Source
The rulebook
Drawdown4 rules
- Option 1: real-time trailing drawdown including open profit and commissions; Option 2: end-of-day drawdown on closing balance. The choice is locked for the account's life.
- Qualification drawdown $1,500 / $2,500 / $3,000 / $4,500; Momentum and Fast Track $1,000 / $2,250 / $4,000 / $5,500.
- On Master and Fast Track accounts the drawdown locks permanently at starting balance + $100.
- Option 2 daily loss limit pauses trading for the session instead of failing the account.
News & timing4 rules
- News trading is allowed on every program with no blackout windows.
- Trading day runs 5:00 PM to 4:00 PM CT; all positions must be flat by 3:59 PM CT.
- No overnight or weekend positions on any account.
- Master Accounts must place at least one trade per week or risk being put on hold.
Prohibited strategies4 rules
- 'Flipping': placing token trades only to count trading days toward payout eligibility (Master Agreement Section 5.6).
- Copying trades from accounts at other prop firms.
- Commercial, shared, rented or publicly distributed automation tools.
- Terms of Use bar high-frequency 'scalping' algorithms, DTC bridge API use and reckless trading in thin markets.
Consistency4 rules
- Master: best day at most 40% of total P&L for the payout period; the safety reserve counts on the first payout.
- Momentum Master: best day at most 35% of the cycle's net profit, plus 5 qualifying profitable days per cycle.
- Fast Track: 20% for the first payout, 25% for the second, 30% from the third.
- Missing a consistency target is not a breach; you keep trading until the ratio falls.
Payouts4 rules
- First $10,000 per trader profile is paid at 100%, then 90/10.
- Master: 10 trading days per request, $1,000 minimum, safety reserve of $1,600-$4,600, caps of $1,000-$2,000 on payouts 1-3, paid Wednesdays.
- Momentum and Fast Track: same-day processing for weekday requests before 12:01 PM CT, with rising per-payout caps.
- W-9 or W-8BEN must be signed by hand; electronic signatures are rejected.
Account & KYC4 rules
- One Bulenox profile and one Rithmic user ID per trader; duplicate profiles can be suspended.
- Up to five Master-level accounts (Master, Fast Track, Momentum Master) at once; Qualifications are unlimited.
- Residents of about 100 listed countries, including China, Hong Kong, Nigeria, Pakistan and Russia, cannot sign up.
- No refunds once an account has been accessed.
What Bulenox allows
RestrictedEAs / botsRestricted
Personal bots, algos and copiers allowed; commercial or shared tools banned, $100/month for third-party API connections, and the 2021 Terms of Use still bar 'scalping' algorithms
AllowedNews tradingAllowed
No blackout windows on any program; only drawdown and contract limits apply
Not allowedWeekend holdingNot allowed
All positions must be closed by 3:59 PM CT every trading day
Not allowedOvernight holdingNot allowed
Intraday only; the session runs 5:00 PM to 4:00 PM CT
RestrictedCopy tradingRestricted
Copiers allowed between your own Bulenox accounts; copying trades from other firms' accounts is prohibited by the Master Agreement
RestrictedHedgingRestricted
Not addressed in the help center; Rithmic nets positions per account and the Master Agreement bans strategies used only to game payout eligibility
AllowedScalpingAllowed
Manual scalping allowed; automated high-frequency 'scalping' algorithms are prohibited in the Terms of Use