Bulenox

General Company Information

Bulenox is a global prop trading firm and educational futures trading platform, geared towards both beginner and professional traders. Its mission is to detect and financially support talented traders, offering them tools to transform their passion for trading into a joint business.

From a qualification account (Challenge) to a real funded account, Bulenox allows trading in global markets without risking one’s own capital. To do this, the trader progresses from a qualification account (testing phase) to a Master account (their own, with real profits), and after 3 successful payouts accesses a definitive funded account with real capital. Bulenox stands out for an innovative approach that combines training, advanced technology, and competitive conditions, all integrated into its trader ecosystem.

Plans

Challenge Program (1-Phase Evaluation)

Bulenox offers a single-phase evaluation program called the Challenge. The trader chooses one of the available account sizes and must reach a fixed profit target without exceeding a maximum relative drawdown (trailing drawdown). There is no time limit to complete this challenge, and no minimum trading days are required. Two account variants are offered for each size: Trailing Drawdown (standard account without scaling) and EOD (End-Of-Day) with a daily loss limit.

In the Trailing option, the maximum drawdown is set at a percentage (e.g., 6%) and moves with profits; in the EOD option, a daily loss limit is applied. In both cases, the trader can use their own strategy freely (EAs and algorithms are allowed), and there is no prohibition on holding positions over the weekend or special market events. The use of hedging in the same account is allowed; only hedging between different accounts is prohibited.

Account Sizes and Prices

In the Challenge program, Bulenox offers the following accounts (all data is monthly, subscriptions subject to fees):

Account Size	Steps	Profit Target	Max Drawdown	Price (monthly)
$25,000	1	6% ($1,500)	6% ($1,500)	$145
$50,000	1	6% ($3,000)	6% ($3,000)	$175
$100,000	1	6% ($6,000)	6% ($6,000)	$215
$150,000	1	6% ($9,000)	6% ($9,000)	$325
$250,000	1	6% ($15,000)	6% ($15,000)	$535

Each Challenge account is a monthly subscription. The trader keeps 100% of the first $10,000 earned in profits, then Bulenox retains a 10% commission on additional earnings (equivalent to a 90/10 split). Additionally, Bulenox offers a 14-day free trial of R Trader Pro (demo account with Rithmic) to familiarize oneself with the platform before committing.

Rules

• Trading Days and Hours: There are no mandatory minimum days. The trading day runs from 17:00 to 16:00 CST the following day; all positions must be closed before 15:59 CST (holding positions during market close or weekends is not allowed). Holidays and weekends do not count as trading days.

• Drawdown: A maximum trailing drawdown is applied (equal to the percentage indicated in the table). If the balance falls beyond that limit at any time (including open positions and commissions), the account is blocked. In Trailing mode, the drawdown moves with profits according to the official example. In EOD mode, there is a daily loss limit that is calculated at the close of each day. In both cases, if the allowed drawdown is exceeded, the trader can perform a reset of the account (or open a new one) to retry the challenge.

• Profit Target: The single profit target (6% according to the table) must be reached in the Challenge account. Upon achieving it and completing at least 1 trading day, the account goes under review by Bulenox, and then the Master Account is opened. Using a stop loss is not required, although it is recommended for risk management; Bulenox does not force them to be closed.

• Position Sizing: Depends on the contract. Simultaneously trading standard and micro contracts is allowed (1 standard contract = 10 micro). For example, with the $25K account, up to 3 contracts are allowed (as shown in the Bulenox dashboard).

• Instruments: Only futures are traded in the markets Bulenox supports. This includes index futures (e.g., S&P 500, Nasdaq-100, Dow, Nikkei, Russell 2000), currency futures (Euro, Australian Dollar, Yen, Pound, etc.), metals (gold, silver, copper, platinum), energies (crude oil, gasoline, natural gas), agricultural (soybeans, wheat, etc.), and cryptocurrencies (e.g., Micro Bitcoin futures MBT). CFDs and stocks are not traded; only futures from authorized exchanges.

• Robots and Strategies: EAs, algorithms, and trading bots are allowed. Bulenox does not provide its own automated trading software, and is not responsible for third-party failures, but it does not prohibit their use.

• News trading: Bulenox allows trading around important economic events without special restrictions. Unlike other prop firms, it does not penalize trading on economic news. The normal drawdown and trading hours rules must be respected, but one does not have to deliberately avoid announcements.

• Daily Loss Limit: Only applies to EOD type accounts. In normal accounts, the general drawdown is used. (See Challenge Rules in their official help).

• Consistency: Although it doesn’t affect the Challenge, in the Master account, the rule applies that no single profit day exceeds 40% of the total (this only affects withdrawals).

Deposits and Withdrawals

• Fees and Payments: Challenge accounts are monthly subscriptions. They can be paid with a credit/debit card, PayPal, or cryptocurrencies. There are no refunds after the service has begun. Changing plans is allowed by canceling the current subscription and activating another.

• Withdrawals in Master/Funded: Once in a Master or funded account, the trader can withdraw profits. Bulenox offers weekly withdrawals (Wednesdays) after completing at least 10 trading days. The first $10,000 is withdrawn commission-free (100%), then a 10% commission is charged on additional profits. The minimum withdrawal is $1,000, and there are scaling caps on the first 3 withdrawals (e.g., $1,000 for a 25K account, $1,500 for a 50K, etc.). After the third withdrawal, there is no limit on the amount. There is also a “reserve threshold” (minimum amount that must remain in the account): approx. $1,600 for a 25K account, $2,600 for a 50K, etc. The trader can request payments via bank transfer, PayPal, or Wise. Bulenox issues tax forms (1099-NEC or W-8BEN) for each international payment.

Tradable Financial Instruments

Bulenox exclusively trades futures in a wide variety of markets. Among them are: - Stock Indices (equity futures): E-mini S&P 500 (ES), Nasdaq-100 (NQ), Dow Jones (YM), Russell 2000 (RTY), Mini Midcap 400 (EMD), Nikkei (NKD), etc. Also micro futures (MES, MNQ, M2K) and Micro Bitcoin (MBT). - Currency Futures: Euro (6E), Australian Dollar (6A, M6A), British Pound (6B, M6B), Canadian Dollar (6C, M6C), Japanese Yen (6J), Swiss Franc (6S), New Zealand Dollar (6N), Mexican Peso (6M), etc. and their micro versions. - Energy and Fuels: WTI Crude Oil (CL, MCL, QM), Natural Gas (NG, QG), RBOB Gasoline (RB), among others. - Precious Metals and Others: Gold (GC, MGC), Silver (SI), Platinum (PL), Copper (HG). - Agricultural: Soybeans (ZS), Corn (ZC), Wheat (ZW), Soybean Oil/Meal (ZL, ZM), Cattle (LE, GF, HE), Oats (ZO), etc.

Trading commissions (“All In” fee, which includes exchange and NFA fees) vary by product. For example, the ES future is ~$2.09 per round-turn contract, while MES/MNQ micro futures are $0.61. Crude oil futures are around $2.26, gold $2.31 per contract, etc. There is no additional “spread” beyond the market tick.

Restricted Countries

Bulenox accepts traders from over 100 countries, but prohibits service to residents of certain territories subject to regulatory restrictions. Among the blacklisted countries are (among many others): China, North Korea, Cuba, Iran, Syria, Russia, Venezuela and several African and Caribbean countries. This list may be updated according to regulations. It is important to check their official FAQ page for the updated list of restricted countries.

Support

Bulenox offers customer support through various channels. They can be contacted via the official web contact form or by email (e.g., support@bulenox.com). Additionally, it maintains a presence on social media and communities like official Discord or Telegram. The site has a detailed Help Center (knowledge base) with guides and frequently asked questions in English. Although 24/7 support is not advertised, the team usually responds to general inquiries by email and moderates their community channels.

Technical Aspects

• Trading Platforms: Bulenox operates on R | Trader Pro (Rithmic) and NinjaTrader 8. One must download R Trader Pro and enter the provided credentials (Rithmic Paper Trading). For NinjaTrader 8, the connection is made via the “My Rithmic” plug-in following the official guide. The NinjaTrader 8 license is provided for free during the Master account. Recently, Bulenox launched “ProjectX”, its own platform with advanced features (depth of market, TradingView integration, copy trading, etc.) which is accessed with a special account. All platforms are compatible with Windows; there is no native support for Mac.

• Leverage: No explicit leverage is set, as it operates on futures. The leverage level depends on the market (for example, e-mini S&P requires a margin per contract; consult the Rithmic broker).

• Broker: Trades are executed through the Rithmic broker (Rithmic R | Trader); in NinjaTrader, “My Rithmic” is used as the intermediary. Bulenox does not use MT4/5 or traditional CFD brokers, only native futures trading.

• Commissions and Fees: As indicated, Bulenox applies exchange+NFA commissions, which are detailed on their website. There are no extra custody or inactivity fees.

• Spreads: In futures, the “spreads” correspond to the market’s bid-ask. There are no additional marked-up spreads by Bulenox. Slippage depends on the liquidity of each contract.

• Other technical notes: OCO orders in NinjaTrader are simulated locally (see FAQ); in case of disconnection, leftover orders may be generated. There is a warning about market data risks (Rithmic requires choosing “Non-Professional” or “Professional” status when connecting). A trader with professional status pays monthly for exchange data (approx. $112 per market), but this is covered in the initial trial account.

Strengths

• Global Access: Bulenox accepts traders from all over the world (regardless of location). Its platform is focused on the global trading community.

• Limited Risk: When trading with a Bulenox account, one’s own capital is not risked. The maximum risk is predetermined by the drawdown of the selected account. This gives the trader peace of mind about the maximum possible loss.

• Flexible Terms: There are no restrictions on hours or strategies. One can trade at any time (within futures hours) with any style, using one’s own trading plan. Additionally, there are no time limits to complete the evaluation.

• Fair and Profitable Approach: Bulenox offers high payouts to the trader: the first $10,000 in profit is 100% for the trader, and a low 10% commission thereafter. It also applies minimal account reset costs and allows having multiple active accounts simultaneously, which favors continuity.

• Advanced Technology: It provides professional platforms (Rithmic R|Trader Pro and NinjaTrader 8, with license included) and its own ProjectX with modern analysis tools. This benefits the trader by providing a solid technical environment at no additional cost.

• Educational Support: Although not a technical aspect per se, Bulenox advertises itself as a “training platform” (learn-to-trade). It offers guides and resources (e.g., a detailed help center) to help traders improve.

Altogether, these strengths make Bulenox an attractive prop firm for futures traders, especially those interested in learning and trading in an environment with low personal risk and transparent conditions.