Bulenox Review 2026: 89% OFF Futures Prop Firm + 100% First $10K Profit
Reviewed by Jeremih J. • 15+ Years Futures Trading Experience • Last updated: March 2026
Bulenox is a US-based futures prop firm offering funded accounts from $10K to $250K on the Rithmic platform, with a unique 100% profit split on your first $10,000 earned, then 90% after. With our exclusive code DEALPROPFIRM, evaluation fees drop by 89%—starting at just $12.65/month for a $10K account. Founded in 2022, Bulenox has earned a 4.8/5 Trustpilot rating from 2,800+ traders with weekly Wednesday payouts. DealPropFirm rates it 4.8/5 on our MLS Score™—recommended for futures traders seeking the cheapest entry into funded trading with generous profit retention.
⚠️ Risk Warning: Futures trading involves substantial risk of loss. Most traders do not pass prop firm evaluations. Past performance does not guarantee future results. This is not financial advice—trade only with money you can afford to lose.
Quick Verdict: Bulenox is one of the cheapest ways into futures prop trading, especially with our 89% OFF code. The 100% profit split on your first $10K is a standout feature no other major firm matches. The Rithmic platform is industry-standard for execution speed. However, the trailing drawdown is strict, the activation fee after qualification adds cost, and the firm is newer than veterans like Apex or Topstep.
Let's break down whether Bulenox is the right futures prop firm for YOUR trading...
Expert Verdict
15+ Years ExperienceBy Jeremih J. • Professional Trader & Prop Firm Analyst
Bulenox delivers exceptional value for futures traders on a budget. The 89% discount with DEALPROPFIRM makes this the cheapest evaluation in the industry, and keeping 100% of your first $10K profit is unmatched.
💡 My Recommendation:
Start with the $25K account ($15.95/mo with code). It gives you 3 contracts—enough to trade ES or NQ comfortably without over-leveraging. Master the trailing drawdown rules before scaling up.
⚠️ Watch Out:
The activation fee ($143-$898) after qualification adds real cost. Factor this into your total investment. The trailing drawdown is unforgiving—one bad trade and you're done.
Note: This review is independent, but I may receive a commission if you use my links, which helps fund my €200K+ testing lab.
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Bulenox Pricing Breakdown — 89% OFF
Bulenox offers 6 account sizes with monthly subscription pricing. With code DEALPROPFIRM, you get 89% OFF all evaluations. After passing, there's a one-time Master Account activation fee.
89% OFF with code DEALPROPFIRM
Evaluations from just $12.65/month — cheapest way into futures prop trading
| Account | Contracts | Original | With Code | Profit Target | Daily Loss | Trailing DD |
|---|---|---|---|---|---|---|
| $10,000 | 2 | $115/mo | $12.65/mo | $1,000 | $500 | $600 |
| $25,000 | 3 | $145/mo | $15.95/mo | $1,500 | $1,000 | $1,500 |
| $50,000 | 7 | $175/mo | $19.25/mo | $3,000 | $1,500 | $2,500 |
| $100,000 | 12 | $215/mo | $23.65/mo | $6,000 | $3,000 | $3,500 |
| $150,000 | 15 | $295/mo | $32.45/mo | $9,000 | $4,500 | $5,000 |
| $250,000 | 25 | $535/mo | $58.85/mo | $15,000 | $7,500 | $7,500 |
Use code DEALPROPFIRM at checkout for 89% OFF.
Start Bulenox Evaluation — 89% OFF →Important Cost Notes:
- Monthly subscription — recurring until you pass or cancel
- Activation fee after qualification: $98 (10K) to $898 (250K) — one-time, includes data feed
- Free reset included with each subscription renewal. Additional resets: $78
- 100% of first $10K profit is yours, then 90/10 split after
- Weekly payouts every Wednesday
Affiliate disclosure: DealPropFirm earns a commission if you sign up through our link at no extra cost to you. Code DEALPROPFIRM gives you 89% OFF.
What is Bulenox? Complete Overview
Bulenox is a US-based futures proprietary trading firm founded in 2022. Unlike forex-focused firms like FTMO or FundedNext, Bulenox specializes exclusively in futures markets—ES (S&P 500), NQ (Nasdaq), CL (Crude Oil), GC (Gold), and other CME-listed contracts. The firm uses the Rithmic execution platform, the same infrastructure used by institutional traders for its ultra-low latency.
What sets Bulenox apart from competitors like Apex Trader Funding and Topstep is the 100% profit retention on your first $10,000 earned. After that threshold, the split becomes 90/10 in your favor. Combined with some of the lowest evaluation fees in the industry (especially with discount codes), Bulenox offers exceptional value for new and experienced futures traders alike.
Bulenox at a Glance
🏢 Company Details
- • Headquarters: United States
- • Founded: 2022
- • Market Focus: Futures only (CME, CBOT, NYMEX, COMEX)
- • Platform: Rithmic (via NinjaTrader, Sierra Chart, etc.)
- • Trustpilot Rating: 4.8/5 (2,800+ reviews)
⚙️ Core Features
- • 100% profit on first $10K earned
- • 90% split after $10K threshold
- • 6 account sizes ($10K–$250K)
- • 2 drawdown options (trailing vs EOD)
- • Weekly payouts (Wednesdays)
The 3-Stage Funding Path
Qualification Account
Monthly subscription. Hit profit target while respecting drawdown rules. No time limit.
Master Account
One-time activation fee. Trade with same rules. Prove consistency before full funding.
Funded Account
100% of first $10K profit yours. Then 90/10 split. Weekly payouts every Wednesday.
Key Advantages: Why Bulenox Stands Out
#1: 100% Profit on First $10,000
This is Bulenox's killer feature. While Apex starts at 100% on the first $25K of PA profits and Topstep offers 90% from day one, Bulenox lets you keep every single dollar of your first $10,000 in funded profits. After that, it's 90/10—still excellent.
The Math:
#2: Cheapest Evaluation in the Industry (with Code)
With code DEALPROPFIRM (89% OFF), a $25K evaluation costs just $15.95/month. Compare that to Topstep at $49/mo or Earn2Trade at $150+. Even Apex with their frequent 90% OFF sales can't consistently beat Bulenox's pricing.
This means you can afford to fail and retry without going broke on evaluation fees.
#3: Rithmic Platform (Institutional-Grade Execution)
Bulenox runs on Rithmic—the same execution engine used by institutional futures desks. This means sub-millisecond order routing, accurate tick data, and no requotes. You can connect via NinjaTrader, Sierra Chart, Quantower, or any Rithmic-compatible frontend. For scalpers trading ES or NQ, this execution quality is non-negotiable.
#4: Two Drawdown Options (Trailing vs EOD)
Bulenox gives you a choice: Option 1 (trailing drawdown—follows your peak intraday) or Option 2 (EOD drawdown—only adjusts at market close). Option 2 is more forgiving for intraday traders who have volatile P&L swings but close flat. Most competitors force you into one drawdown model.
Option 1 — Trailing
Drawdown follows your peak balance in real-time. Tighter but lower activation fee.
Option 2 — EOD
Drawdown adjusts at end of day only. More breathing room intraday. Higher activation fee.
#5: Weekly Payouts Every Wednesday
Bulenox pays funded traders every Wednesday. No waiting 14 days or monthly cycles. Combined with the 100% first $10K rule, you could theoretically withdraw your first $10K in full within weeks of getting funded. Payments process via bank transfer or crypto.
Key Disadvantages: Where Bulenox Falls Short
#1: Activation Fee After Qualification
After passing your qualification account, Bulenox charges a one-time Master Account activation fee ranging from $98 ($10K) to $898 ($250K). This is on top of the monthly subscription you already paid. While it includes data feed costs, it raises the true total cost significantly. Apex charges $75-$135 for PA activation—considerably less.
#2: Strict Trailing Drawdown (Option 1)
Option 1's trailing drawdown follows your peak balance in real-time. On a $25K account, if you hit $26,500 intraday then drop to $25,000, you've consumed $1,500 of your $1,500 trailing drawdown—evaluation over. This is the #1 reason traders fail at Bulenox. Option 2 (EOD) is more forgiving but costs more to activate.
#3: Futures Only (No Forex, Crypto, Stocks)
Bulenox is exclusively futures. No forex pairs, no crypto, no stocks. If you trade multiple asset classes, you'll need Bulenox for futures AND another firm like FTMO or SabioTrade for forex. However, if you only trade ES, NQ, or CL, this isn't a limitation.
#4: 3-Stage Funding Path (Longer Than Competitors)
Bulenox has 3 stages: Qualification → Master → Funded. Apex only has 2 (Evaluation → PA). This means an extra step (and extra fee) before you start earning. For impatient traders, this added layer can feel frustrating.
Bulenox Trading Rules Explained
Bulenox's rules are straightforward but strictly enforced. Understanding the drawdown mechanics is critical—most failures happen here.
🎯 Profit Target
Varies by account size (see pricing table). Generally 6-10% of account balance.
- No time limit — trade as long as you need
- No minimum trading days — pass in 1 day if you can
📉 Daily Loss Limit
- Varies by account — $500 (10K) to $7,500 (250K)
- Resets daily at 5 PM ET
💥 Trailing Drawdown (Option 1) vs EOD (Option 2)
- Option 1: Trailing — follows your intraday peak in real-time. Tightest rule.
- Option 2: EOD — only adjusts at end of day. More room for intraday swings.
- ⚠️Trailing drawdown is the #1 account killer. One spike in unrealized P&L can permanently raise your floor.
🚫 Restrictions
- No holding overnight in qualification (positions must be flat by 4:59 PM CT)
- No trading during halt — if a market is halted, close positions
- News trading is allowed — unlike many forex firms
- Scalping is allowed — no minimum hold time
Common Mistakes That Cause Bulenox Failures
❌ Mistake #1: Ignoring the Trailing Drawdown Mechanics
You're up $800 on 2 ES contracts. You don't take profit. The market reverses. Now you're down $200. Your trailing drawdown has permanently moved up by $800, but your P&L is -$200. Net effect: you've consumed $1,000 of drawdown for a $200 loss.
❌ Mistake #2: Over-Leveraging on Small Accounts
The $10K account gives you 2 contracts. Two ES contracts = $100/point exposure. A 6-point adverse move ($600 loss) wipes most of your drawdown. On the $25K account with 3 contracts, it's slightly better but still tight.
❌ Mistake #3: Forgetting to Close Before 4:59 PM CT
In the qualification phase, all positions must be closed by 4:59 PM CT. Forget this once and you'll get flagged. Some traders lose track of time during an active trade.
❌ Mistake #4: Not Budgeting for the Activation Fee
You pass qualification paying $15.95/mo. Then Bulenox asks for $143 to activate your Master Account. If you didn't budget for this, you might not be able to proceed—wasting months of evaluation.
Strategies for Passing Bulenox Evaluations
✓ Strategy #1: Choose Option 2 (EOD) If You're a Scalper
The EOD drawdown doesn't track your intraday peaks. This means you can have a $500 unrealized gain, let it reverse to -$200, and your trailing drawdown only moves based on your end-of-day balance. For scalpers with volatile intraday P&L, this is far more forgiving. The higher activation fee is worth the peace of mind.
✓ Strategy #2: Trade 1 Contract Only on $10K–$50K Accounts
Just because you can trade 7 contracts on a $50K account doesn't mean you should. Trade 1 contract consistently. On ES, 1 contract = $50/point. A 10-point winner = $500. Do that 6 times with a 60% win rate and you've hit your $3,000 target on the $50K account with minimal drawdown risk.
✓ Strategy #3: Lock In Profits With Partial Exits
If you're trading 2+ contracts, scale out at pre-defined targets. Exit half at +$300, trail the rest. This locks in realized profit (which doesn't move your trailing drawdown back down but protects against full reversals). The trailing drawdown only goes UP—never let a winner become a loser.
✓ Strategy #4: Trade the Open (9:30–10:30 AM ET Only)
The first hour of the cash session has the most volume, volatility, and setups. Many successful Bulenox traders trade exclusively 9:30–10:30 AM ET then close everything. This limits exposure time, reduces emotional fatigue, and concentrates your edge into the highest-probability window.
✓ Strategy #5: Use the Free Reset Strategically
Bulenox gives 1 free reset per subscription renewal. If you blow your account early in the month, wait until your renewal date to get the free reset instead of paying $78. Time your aggressive trades accordingly.
DealPropFirm's Final Verdict
Expert Verdict
15+ Years ExperienceBy Jeremih J. • Professional Trader & Prop Firm Analyst
Bulenox is the best value futures prop firm in 2026 when paired with code DEALPROPFIRM. The 100% profit on first $10K is a genuine differentiator, the Rithmic platform is institutional-grade, and evaluations from $12.65/mo are unbeatable.
💡 My Recommendation:
Start with the $25K account (Option 2 EOD) for $15.95/mo. Trade 1 contract on ES or NQ. Budget $143 for the activation fee. Total investment to funded: ~$175.
⚠️ Watch Out:
The trailing drawdown is the #1 killer. The 3-stage path is longer than Apex. The activation fee adds hidden cost. This firm rewards disciplined, patient traders.
Note: This review is independent, but I may receive a commission if you use my links, which helps fund my €200K+ testing lab.
🏆 MLS Score™: 4.8/5
Strengths: 100% first $10K profit, cheapest evaluations with code, Rithmic platform, 2 drawdown options, weekly payouts, strong Trustpilot rating.
Weaknesses: Activation fee adds cost, trailing drawdown is strict, futures only, 3-stage path, newer firm.
Bottom line: Bulenox is the smartest entry point into funded futures trading. With code DEALPROPFIRM at 89% OFF, your total risk is under $200 to get funded on a $25K account. The 100% first $10K rule means you recoup that investment fast. If you trade futures and want the cheapest path to funded, Apex is the other option—but Bulenox beats them on cost.
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Frequently Asked Questions About Bulenox
Is Bulenox legit?›
Yes. Bulenox is a US-based futures prop firm founded in 2022 with a 4.8/5 Trustpilot rating from 2,800+ verified reviews. They have processed thousands of payouts. While newer than Topstep (2012) or Apex (2021), their track record is solid.
Does promo code DEALPROPFIRM work on Bulenox?›
Yes, code DEALPROPFIRM gives you 89% OFF all Bulenox evaluation accounts. Apply the code at checkout. The discount applies to the monthly subscription fee, making a $25K evaluation just $15.95/month.
What is the total cost to get funded on Bulenox?›
Total cost = (monthly fee × months to pass) + activation fee. Example for $25K account with code DEALPROPFIRM: $15.95/mo × 2 months = $31.90 + $143 activation = ~$175 total. This is one of the cheapest paths to funded futures trading.
What's the difference between Option 1 and Option 2?›
Option 1 uses a trailing drawdown that follows your peak balance in real-time (intraday). Option 2 uses an End-of-Day (EOD) drawdown that only adjusts at market close. Option 2 is more forgiving for scalpers but has a higher activation fee. We recommend Option 2 for most traders.
How are Bulenox payouts processed?›
Payouts are processed weekly on Wednesdays. You keep 100% of the first $10,000 you earn, then 90% after that. Payments are sent via bank transfer or cryptocurrency, typically arriving within 1-3 business days.
Can I hold positions overnight on Bulenox?›
In the Qualification stage, all positions must be closed by 4:59 PM CT. In the Master and Funded stages, overnight holding rules may vary. Check Bulenox's current terms for the latest policy.
What instruments can I trade on Bulenox?›
Bulenox supports CME, CBOT, NYMEX, and COMEX futures. Popular instruments include ES (S&P 500), NQ (Nasdaq 100), CL (Crude Oil), GC (Gold), YM (Dow Jones), RTY (Russell 2000), and more. Micro contracts (MES, MNQ, MCL) are also available.
How does Bulenox compare to Apex Trader Funding?›
Bulenox: Cheaper with code (from $12.65/mo), 100% first $10K, 3-stage path, Rithmic, trailing or EOD drawdown.
Apex: Larger accounts (up to $300K), 2-stage path, no consistency rule, one day to pass, $600M+ paid out.
Verdict: Bulenox for budget traders. Apex for those who want faster funding and a more established firm.
What is the Bulenox activation fee?›
After passing your Qualification Account, you pay a one-time Master Account activation fee: $98 (10K), $143 (25K), $148 (50K), $248 (100K), $498 (150K), $898 (250K). This includes data feed and maintenance fees. No additional monthly charges.
Can I use NinjaTrader with Bulenox?›
Yes. Bulenox uses Rithmic as its execution engine, which is compatible with NinjaTrader, Sierra Chart, Quantower, Bookmap, and other Rithmic-supported platforms. NinjaTrader is the most popular choice among Bulenox traders.
Is there a free trial for Bulenox?›
Bulenox doesn't offer a free trial, but with code DEALPROPFIRM at 89% OFF, a $10K evaluation costs just $12.65/month—effectively negligible. It's the closest thing to free in prop trading.
What happens if I fail the evaluation?›
If you fail (hit drawdown or daily loss limit), you can reset your account. One free reset is included with each subscription renewal. Additional resets cost $78. Your subscription continues and you start fresh with the same rules.