Bulenox futures prop firm review – Reliable firm with high profit-sharing

Bulenox prop firm offers traders funded challenges from 10k to 250k USD amounts, allowing them to speculate on futures markets. The firm is focused on futures only and has a monthly subscription-based fee model. This makes it possible for a trader to access funded challenges cheaply and get a solid amount of capital for their futures trading needs. The firm is known for offering constant discount events, where a trader can get large futures trading accounts for the price of smaller ones. It is important to define whether the firm is reliable enough to start a futures trading career with them. There is up to a 90% profit-sharing model, which enables traders to withdraw up to 90% of trading profits.

In this Bulenox review, we will focus on key aspects of the firm such as safety, fees, rules, funded structure, platforms, allowed assets, profit-sharing policies, support, and more.

Overall

Bulenox prop trading is a competitive prop firm for futures traders, offering substantial profit splits and solid account sizes. The firm’s strong points include access to advanced platforms and flexible asset classes. However, the subscription fee structure and lack of comprehensive educational tools might deter newer traders looking for more support. With up to 90% profit sharing and funding options from 10k to 250k USD, Bulenox is a reliable futures prop trading firm.

Pros & cons of Bulenox prop firm

Pros

• ✅ Offers competitive profit splits, starting with a 100% profit share for the first 10,000 USD and up to 90% thereafter
• ✅ Traders can access advanced futures trading platforms, R | TRADER and NinjaTrader, for free
• ✅ Runs regular discount events, reducing the cost of challenges
• ✅ Offers a wide range of futures-based assets like equity indexes, cryptos, and commodities

Cons

• 🚫 Monthly subscription fees can be expensive for smaller account sizes
• 🚫 There is no live chat or phone support
• 🚫 The firm does not provide comprehensive educational resources

Safety of Bulenox

Bulenox reviews are lacking on the FPA platform, which is natural as the firm has been around since 2021, making the firm relatively young. There are around 500 reviews on Trustpilot, of which, around 90% are 5-star reviews, indicating that Bulenox is most likely a legit and reliable firm as traders evaluate it positively. Despite being a young futures prop trading firm, Bulenox still has some years of experience, which is enough to develop reliable and attractive services. The firm is also associated with regulated brokers backing up its trading services, allowing Bulenox not to act as a broker. All of the above information indicates that Bulenox is a safe and reliable prop firm, which is confirmed by a multitude of positive reviews by traders.

Bulenox Funding and maximum capital allocation

Bulenox funded programs consist of diverse funding options including 10k, 25k, 50k, 100k, 150k, and 250k USD amounts. The 50k and 100k Bulenox funding options are currently offered with huge discounts and allow traders to control large trading accounts with cheap fees, which we will discuss later in this review. Despite this, the 10k account is probably the most suitable spot for beginner futures traders, as it allows them to start low and hone their trading skills.

Bulenox challenges, overall, offer no different funded account types, which is a minor downside. However, the firm offers multiple funded options suitable for both beginners and pro futures traders.

Bulenox scaling plan is not supported at the moment on their default funded account and traders have to choose higher-end funding accounts to increase their funding, which is possible by being profitable on smaller accounts and purchasing the bigger ones later. However, on the EOD account, traders can use a scaling plan, but they have daily drawdown limits.

Bulenox Assets

Bulenox prop trading assets only include futures, but traders can speculate on various underlying assets using these futures. The futures offered by Bulenox include equity indexes, cryptos, and commodities. There are e-mini and micro e-mini futures available. The maximum contract sizes differ according to the funded option and range from 5m to 25 contracts.

Bulenox Trading rules and limitations

Bulenox rules are straightforward, traders should hit the profit target without breaching risk limit rules. Each funded option has a different profit target and risk limits. Let’s list the rules for each of the funded options:

• The smallest 10k USD funded account has a profit target and maximum drawdown of 1,000 USD, and max 5m contracts.
• A 25k USD account has a 1,500 USD profit target and maximum drawdown, and max 3 contracts can be traded.
• The 50k USD funded account has a profit target of 3,000 USD, a maximum drawdown of 2,500 USD, and a maximum of 7 contracts.
• The 100k funded account has a 6,000 USD profit target, a 3,000 USD maximum drawdown, and a maximum of 15 contracts can be traded.
• 150k USD account allows a 9,000 USD profit target, a 4,500 USD max drawdown, and a maximum of 15 contracts.
• The 250k funded option has a 15,000 USD profit target, a 5,500 USD max drawdown, and a maximum of 25 contracts.

Overall, Bulenox rules are not difficult to follow as the firm does not impose daily risk limits, allowing traders to deploy a wide range of futures trading strategies.

Bulenox Fees

The fee structure of Bulenox is also different from Forex prop firms’ model. The firm requires monthly subscription fees, meaning traders have to pay an account fee every month. Here are all the fees for each funded option the firm offers:

• Funded amount: 10k USD – monthly fee: 115 USD per month
• 25k USD – 145 USD per month
• 50k USD – 125 USD (instead of 175 USD) per month, “$50OFF”
• 100k USD – 155 USD (instead of 215 USD) per month “60OFF”
• 150k USD – 325 USD per month
• 250k USD – 535 USD per month

Bulenox fees for its futures accounts are competitive but slightly expensive on lower-end accounts. The discounts on 50k and 100k funded challenges make these accounts super attractive right now, while others are slightly more expensive than industry-average fees.

Bulenox free trial is not offered at the moment and Bulenox free repeat is not active either.

Bulenox Platforms

Bulenox allows traders to use two advanced futures platforms including Rithmic R | TRADER, and NinjaTrader. Both of these software were designed for futures trading and offered all the needed features. Despite being expensive by default, Bulenox traders can use these platforms for free, which is a good advantage. Traders can use technical analysis tools to make informed decisions, which is also a positive characteristic of these platforms.

Bulenox Profit-Sharing

Bulenox profit split is 90% which is very attractive and competitive in the futures prop trading industry. Trades can withdraw the first 10,000 USD in profits with 100% profit-sharing, which is also very beneficial. Withdrawals are processed quickly and there are almost no commissions charged from Bulenox’s side.

Payment methods include credit cards, debit cards, PayPal, or Cryptos.

Education and trading tools at Bulenox

The firm lacks comprehensive educational services, as it does not provide webinars, courses, or video guides. There is a trading blog available where the firm offers market insights and interesting posts about various futures trading tips. However, this blog lacks comprehensive educational resources and can not be used as a replacement for a proper financial trading education. Bulenox offers tools and a trader dashboard.

Customer Support at Bulenox

The support at Bulenox is excellent and provided via email and online form. Despite this, the firm does not provide live chat and phone channels, which is a downside of the firm. Bulenox discloses its address, which makes it a legitimate company despite lacking phone support. The website and support are offered in multiple languages, which is a firm’s distinctive advantage.

Frequently Asked Questions on Bulenox