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Bulenox has established itself as a structured prop firm with a clear and progressive model. In a sector where many firms keep making announcements they do not sustain over time, execution is what makes the difference.
At Bulenox, everything is built around a 3-step path and two key options:
Option 1 (No Scaling) and Option 2 (EOD).
This choice is what shapes your trading experience.
In this guide, you will understand how Bulenox works, what the two options really change, and how to use this model to your advantage.
You will understand:
- how the Bulenox model works in 3 steps
- the difference between Option 1 (intraday) and Option 2 (EOD)
- the key rules: drawdown, payout, and progression
The Bulenox Model
The Bulenox model is built around 3 phases
Qualification Account
Evaluation phase and entry point into the Bulenox model.
- ✓ Evaluation Access
- ✕ First Payout Access
- ✕ Real Capital Access
Master Account
Account where payout requests become possible under specific rules.
- ✓ Evaluation Access
- ✓ First Payout Access
- ✕ Real Capital Access
Funded Account
Advanced stage with access to real capital after successful Master payouts.
- ✓ Evaluation Access
- ✓ First Payout Access
- ✓ Real Capital Access
The Two Bulenox Options
Option 1 vs Option 2
Option 1 (Intraday Trailing)
Trailing drawdown based on your highest balance reached.
With Option 1, the drawdown threshold moves in real time during the session. As soon as your account moves higher, the threshold moves up as well, which makes this setup more demanding to manage on a daily basis.
- real-time updates
- includes unrealized gains
- moves with every trade
➦ the threshold rises as soon as your account rises
➦ constant pressure, no room to relax
Option 2 (EOD Trailing)
Drawdown based on your end-of-day balance.
With Option 2, the drawdown threshold is only recalculated after the close. During the session, it stays fixed, which gives you a more stable read and often a more comfortable intraday experience.
- recalculated once per day
- does not move during the session
- more stable intraday
➦ the threshold only moves after the close
➦ easier to read during the day
Practical Impact
Option 1
Live trailing pressure
The threshold can move in real time as your account reaches new highs during the session.
- 01 Threshold Real-time movement
- 02 Session feel Constant pressure
- 03 Management More demanding
Option 2
EOD breathing room
The threshold stays more stable during the session and updates after the trading day closes.
- 01 Threshold End-of-day update
- 02 Session feel More breathing room
- 03 Management More flexible
Shared risk logic
Both models can move the threshold higher. The threshold does not move back down after a pullback. One drawdown violation can close the account.
Which profile fits?
♦ Option 1: fits traders with strong execution and no room for hesitation.
♦ Option 2: fits traders who want more control during the trading day.
We will now go into detail about the three stages of the Bulenox model, starting with the first one:
Qualification Account, the starting point
The Qualification Account is the entry point at Bulenox.
You choose the amount of capital you want to trade.
25K, 50K, 100K, 150K, or even 250K depending on the account you are targeting.
Then, you need to do two things:
- reach the account target
- stay within the account drawdown
This is the first stage of the model. To pass it, you need to follow the rules below:
Trading Hours
You can trade between 5:00 PM CT and 4:00 PM CT the following day. Weekends and holidays do not count.
End of Session
All positions must be closed before 3:59 PM CT. Do not leave any position open after that time.
Fast Qualification
There is no minimum number of trading days. If you hit the target on day one, you can qualify.
Position Size
Stay within the maximum size allowed for your chosen account. One standard contract equals 10 micro contracts.
Reset Access
If you blow the account, you can reset it. If you want to start again right away, the reset costs $78.
Additional Accounts
You can open multiple Qualification Accounts, but everything must stay under a single Rithmic User ID.
Master Account, access to payouts
The Master Account is the stage where your first withdrawals become possible.
You get access to it after passing the Qualification Account.
But to become eligible for payouts, you still need to meet several conditions.
Minimum Trading Days
You must complete at least 10 trading days before you can request a payout.
Minimum Amount
You cannot request a payout if the amount stays below the $1,000 threshold.
Consistency Rule
Your best trading day must not exceed 40% of your total profit at the time of withdrawal.
First Payouts
Your first payouts are capped. The allowed amount depends on the account size.
Profit Split
Your first $10,000 is paid at 100%. After that, the split moves to 90/10 on profits.
Safety Threshold
Your drawdown rises with your gains until it reaches the safety threshold. After that, it becomes fixed permanently.
The Master Account is the stage where payouts become possible, but under a stricter framework than simple qualification.
As long as the safety threshold has not been reached, one mistake can still close the account.
If you progress cleanly and validate 3 payouts, you can then move on to the final stage of the model: the Funded Account.
Funded Account, access to the live market
The Funded Account is the final stage of the Bulenox model.
You do not get access to it right after qualification.
You first need to go through the Master Account and validate 3 payouts.
Only after that progression does access to the live market become possible.
Live Market Stage
This stage changes the account context: real capital, balance caps, and funded reward rules.
Access After 3 Payouts
The Funded Account becomes available after 3 validated payouts on your Master Account.
Consolidated Account
Your active Master Accounts are grouped into one Funded Account, not kept as separate accounts.
Balance Cap
The Funded Account comes with a balance cap. That limit depends on the account size selected.
Minimum Trading Days
You must complete at least 5 trading days before you can request a reward.
Refused Transition
If you refuse the move to a Funded Account, your Master Account is closed with no reward payout.
The Funded Account is the stage where you move into the live market.
But it only comes after validated progression through the Master Account.
If you want to choose the right account size from the start, we now need to look at what each account really changes in practice.
Account Sizes
Before going further, you need to see what each account really changes on paper: drawdown, profit target, and maximum position size.
| Account | Drawdown | Target | Max Contracts |
|---|---|---|---|
| 25K | $1,500 | $1,500 | 3 |
| 50K | $2,500 | $3,000 | 7 |
| 100K | $3,000 | $6,000 | 12 |
| 150K | $4,500 | $9,000 | 15 |
| 250K | $5,500 | $15,000 | 25 |
Reading tip: the larger the account, the higher the drawdown, target, and exposure capacity.
What Can You Trade with Bulenox?
Bulenox is not limited to index futures. You can also trade several futures categories depending on your style, your level, and the type of exposure you are looking for.
Indexes
- E-mini S&P 500 ES
- E-mini NASDAQ 100 NQ
- Mini-DOW YM
- Russell 2000 RTY
Interest Rates
- 2-Year Note ZT
- 5-Year Note ZF
- 10-Year Note ZN
- 30-Year Bond ZB
Currencies
- Australian Dollar 6A
- British Pound 6B
- Euro FX 6E
- Japanese Yen 6J
Agriculture
- Corn ZC
- Wheat ZW
- Soybeans ZS
- Soybean Oil ZL
Metals
- Gold GC
- Silver SI
- Copper HG
- Platinum PL
Micro Futures
- Micro E-mini S&P 500 MES
- Micro E-mini Nasdaq-100 MNQ
- E-Micro Gold MGC
- Micro Crude Oil MCL
The Cost of These Accounts
Before getting started, you need to look at what each account really costs.
The table below shows the standard monthly price for each Option 1 account size.
You will then find the current discount of 89% Off, the promo code TRADINGSTRATEGY89, and the final promo price.
The promotion shown here currently applies to 25K, 50K, 100K, 150K accounts.
Activation fees are listed separately. The offer is shown as active until May 19, 2026.
| Account | Monthly Price | Discount | Promo Code | Promo Price | Activation Fee |
|---|---|---|---|---|---|
| 25K | $145 | 89% Off | TRADINGSTRATEGY89 | $15.95 | $143 |
| 50K | $175 | 89% Off | TRADINGSTRATEGY89 | $19.25 | $148 |
| 100K | $215 | 89% Off | TRADINGSTRATEGY89 | $23.65 | $248 |
| 150K | $325 | 89% Off | TRADINGSTRATEGY89 | $35.75 | $498 |
| 250K | $535 | — | — | — | $898 |
Reading tip: the monthly price is paid during Qualification. The activation fee applies after qualification when moving to the Master Account.
Now that the costs are clear, we can move on to the last points you need to know before choosing your setup.
Key Points to Know Before Getting Started
Before taking action, you need to review all of these key points.
Drawdown
- 01 Follows gains at all times
- 02 Never moves back down
- 03 Can still close your account
- 04 Depends on your chosen model
Intraday vs EOD
- 01 Intraday = real-time threshold
- 02 EOD = end-of-day recalculation
- 03 Different drawdown behavior
- 04 Direct impact on execution
Qualification
- 01 Can be passed in 1 day
- 02 No minimum trading days
- 03 Rules apply from day one
- 04 One mistake = account lost
Payouts
- 01 Minimum 10 trading days
- 02 $1,000 minimum payout
- 03 40% consistency rule
- 04 Strict conditions before withdrawal
Progression
- 01 Master Account is temporary
- 02 3 payouts required
- 03 Funded transition is mandatory
- 04 Fixed progression path
Real Cost
- 01 Monthly subscription
- 02 Activation fee
- 03 Optional paid reset
- 04 Cost rises with multiple accounts
Ready to Get Started with Bulenox?
If you want to get started, you can first check the official Bulenox website to see the available accounts, then view our current offer on our dedicated page.
Right now, the Option 1 offer gives 89% Off on 25K, 50K, 100K, 150K accounts, with the code TRADINGSTRATEGY89.
The offer is shown as active until May 19, 2026.
