Updated Bulenox Review - March 2023 Bulenox's New Payout Structure Explained

All Bulenox questions answered For Traders Seeking Funding From Legit Prop Firms- 

If you are failing with other Prop Firms I know how you feel! 

I have been there too. Bulenox has minimal Rules Making it Easier for me to pass the evaluation and get funded.

What is Bulenox? 

Bulenox provides funding to futures traders that pass their evaluations. Bulenox has a variety of different size accounts to choose from. The lowest is $25,000, and it goes all the way up to $250,000 dollars. To gain access to their funding, you have to show you can manage the risk of trading. Bulenox has been verified by us. Below, I will tell you about my journey with Bulenox. 

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My personal experience with Bulenox. 

I first learned about Bulenox during one of the sales and thought it was too good to be true—a $50,000 evaluation for only $50. I decided to just go ahead and risk the $50. I failed that evaluation and many, many more. After a 5-day wait, I finally passed the evaluation. After signing the contract, the following day I received my funds. I have been funded with Bulenox for over half year now. I have three 50K accounts and one 25K account. I have received over $175,000 in payouts to date. Needless to say, we have put Bulenox to the test. Bulenox passes with flying colors. Customer support has always been a huge concern for me. I've found Bulenox's support team to be helpful, and they even gave me a free evaluation when I mistakenly purchased the wrong account. 

.What makes Bulenox better

Bulenox is a great funding program that offers the best prices in the business for futures funding. The value they provide is tremendous considering the price. Bulenox has one of the best payout structures. Most funding programs have only one payout per month. Bulenox pays out up to FOUR times per month. The last thing you want after getting funded is to wait until you receive a payout or profits. Bulenox requires 10 trading days until the first payout, which is half the time of most funding programs. Once funded, there is no subscription fee. This is what originally drew me towards Bulenox

How do Bulenox payouts work ? 

Profit split

You keep 100% of your first $10,000 in profits. Which is standard with most funding programs. Bulenox is in line with the competition. 

After the first $10,000 in profits, you will receive 90% of the profits from there on out. Some programs offer up to 80% of profits. 

Bulenox takes the commissions once you have requested the payout. So no worries about commissions being pulled out of your account. Bulenox gets paid when you get paid. 

Payout Structure

Once you have profits you want to withdraw, you can request them at any time during the month. Bulenox will process the withdrawals on the Wednesday of every week. I really like this about Bulenox. If you are able to quit your job and trade full time, it is very nice to be paid that often. It helps with the bills and rewards you for all your hard work. Getting payouts quickly reminded me of my paycheck schedule, so the adjustment was easy.

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Key insight that I wish I knew When I first got a live account

Once you have a funded account, you will need to trade for 10 trading days before you can request your first payout. That's roughly two weeks, given that there are no trading days on Saturday and Sunday. Understand that Sunday night and Mondays count as one trading day. After your first payout, you will have to trade for 10 trading days to request the second and third payouts. After the fourth payout, you can request a payout of your profits at any time. Are you thinking, "But I want my trading profits right away!"? If you are, I understand because I thought the exact same way. I get it, trust me! If you rush the process, it will take you 10 times longer. Think of it this way: treat it like a savings account. Consistent gains add up over the course of 10 trading days. Plus on the 4th payout you will have a huge payday and built some discipline.

Minimum and maximum withdrawal for payouts 1-3 

The minimum withdrawal is $1,000 for payouts 1–3, except for the $10,000 account, where the minimum withdrawal is $500. The maximum withdrawal amount depends on the account size. Below is a list of the maximum withdrawals for the first three payouts.

• $10,000 account - $750

• $25,000 account - $1,000

• $50,000 account - $1,500

• $100,000 account - $1,750

• $150,000 account - $2,000

• $250,000 account - $2,500

Withdrawal safety threshold 

To receive your first payout, you must have the threshold amount plus $1,000. Bulenox definition: The withdrawal safety threshold reserve is the minimum amount that must be in the trader's account in order to make a withdrawal. It simply means that you cannot withdraw these profits. It contributes to the funding of your account and prevents Bulenox from losing money. Below is a list of the thresholds for each account.

• $10,000 Account - $1,100

• $25,000 Account - $1,600

• $50,000 Account - $2,600

• $100,000 Account - $3,100

• $150,000 Account - $4,600

• $250,000 Account - $5,600

Bulenox evaluation and live funded account rules

Bulenox has minimal rules during the evaluation and once your account is funded. Even though they are minimal, I will go over each of them below. The rules for the funded account and evaluation are the same. 

Trading days

To get funded, you have to trade for 5 days during the evaluation. Sunday and Monday count as the same day. Given that there are five trading days a week, it will now take only ONE to get funded. There is no maximum number of trading days for the evaluation; if it takes you 3 months, that's fine. You must close all trades and orders by 15:30 CST. 

Position size

You cannot fail an evaluation because you have too many contracts active at the same time. Unlike other funding programs, Bulenox is set up to reject the order. 

Max Drawdown

The only way you can fail an evaluation for funding with Bulenox is if your balance falls below the maximum allowed drawdown for your account.

Bulenox activation fee

Once funded, there are no fees, but there is an activation fee. The activation fees are reasonably priced for the 25K and 50K accounts. I think the best value is in the 25K and 50K accounts. Below, I will list the account activation fees. If you are interested in larger account sizes, I would recommend Apex Trader Funding because they have a monthly subscription fee once funded that is around $80 per month. 

 List of activation fees for the funded account 

• $10,000 Account - $98

• $25,000 Account - $143

• $50,000 Account - $148

• $100,000 Account - $248

• $150,000 Account - $498

• $250,000 Account - $898

Drawdown option 1 & 2 Explained

 Option 1) trailing drawdown

Your trading balance will always be followed by a trailing drawdown. The trailing drawdown will trail behind you if you are in profit. If you open a trade and it goes well, the trailing drawdown increases by $500. It accounts for open profits just as it would for closed profits. I think of it as a ratchet. It ratchets up but does not give back. In the live account, it will trail you until your profits are over the threshold. The thresholds are listed above in the payout structure. 

Drawdown option 2) end of day drawdown

The end of the drawdown does not trail you until the end of the day, and all trades are closed. You may be asking yourself why anyone would choose option 1. Well, option 2 comes with a daily loss limit and a position-size scaling plan. Your maximum position will vary depending on which account you choose and how much you have in profits. Below is a table with the scaling positions

List of EOD account scaling 

$10K EOD Account Scaling

• No Scaling(5 Micro-Contracts Max)
  

$25K EOD Account Scaling

• $0- $1,500(2 Contracts Max)

• $1,501 +(3 Contracts Max)
  

$50K EOD Account Scaling

• $0- $1,500(2 Contracts Max)

• $1,501 - $4,000(4 Contracts Max)

• $4,001 +(7 Contracts Max)
  

$100K EOD Account Scaling

• $0- $2,000(3 Contracts Max)

• $2,001 - $3,000(5 Contracts Max)

• $3,001 - $5,000(8 Contracts Max)

• $5,001 +(12 Contracts Max)

$150K EOD Account Scaling

• $0- $4,000(5 Contracts Max)

• $4,001 - $8,000(8 Contracts Max)

• $8,001 - $12,000(10 Contracts Max)

• $12,001 +(15 Contracts Max)

$250K EOD Account Scaling

• $0- $5,000(6 Contracts Max)

• $5,001 - $12,000(12 Contracts Max)

• $12,001 - $20,000(18 Contracts Max)

• $20,001 +(25 Contracts Max)

 Trading Platforms

The best option for trading on a desktop or laptop is to use Ninjatrader 8. If you were like me when I first started, you needed to be able to trade while you worked. Then you will need an option to trade on your phone. Luckily, Rithmic Trader Pro has a mobile app now. It isn't fancy, but you can place trades, set stops, and profit targets. Sierra Charts is a good option as well, but they don't have a mobile trading option. Volume profile and DOM traders love Sierra charts. The following is a list of all the other platforms that are supported. I recommend sticking with Ninjatrader 8 paired with rithmic for data feed and mobile trading,

Final Thoughts about Bulenox 

If you have been following me on social media you know that Bulenox Is by far my Favorite prop firm. Bulenox has been my favorite even before the payout structure changed. 

You may be asking yourself well other companies had better payout structures and quicker payouts before the change SO WHY BULENOX? 

For me it was the way Bulenox has treated me from day one.

 Very helpful customer support even when Ive messed up and bought the wrong account they refunded me and changed the account. 

Let me Tell you what happened

 Option 2 accounts have limited contracts and I had issues with the stops and failed due to MY lack of understanding when i first started. Bulenox still refunded the money and even gave me a free evaluation.

 It's the little things that add up for me. Customer support attitude is always nice and helpful, refunds and even free evaluations these things matter when you are working with a company for long periods of time. So yes I absolutely 100% recommend Bulenox. You ever notice you never hear anything bad about the company thats becuase they treat the traders right. 

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