If you’re a trader looking for a funded program, you may have come across Bulenox. Bulenox is a global platform that provides a funded trader educational program for traders and investors. The program includes a platform for selecting and training, and it can accelerate your funded account up to $250K.
Bulenox is unique because it was built by traders for traders. The platform combines many years of trading experience and cutting-edge technology to provide fresh and safe access to trading in the global financial markets. If you’re interested in becoming a funded trader, Bulenox offers a quick start program that can help you get started in just four simple steps.
When considering a funded trader program, it’s important to do your research and read reviews from other traders. In this article, we’ll provide a comprehensive review of Bulenox. We’ll cover everything from the program’s features and benefits to its drawbacks and limitations. By the end of this article, you’ll have a clear understanding of whether Bulenox is the right funded trader program for you.
What is Bulenox?
Bulenox is a next-generation global platform built by traders for traders. It is a proprietary trading firm that provides a funded trader educational program for traders and investors as well as a platform for selecting and training. The uniqueness of their approach is in the way they combine many years of trading experience. They develop completely fresh and safe access to trading in the global financial markets by implementing cutting-edge technology that is available for traders worldwide.
As a prop firm, Bulenox provides traders with the opportunity to trade with their capital and take part in the profit-sharing program. The firm offers traders the chance to accelerate their funded account up to $250K.
Bulenox is committed to providing traders with the best possible trading experience. They offer a comprehensive knowledge base and frequently asked questions section that covers general information about the platform, qualification accounts, and master accounts. They also provide traders with the opportunity to subscribe to additional qualification accounts, which will create a Rithmic User ID.
Overall, Bulenox is a reliable and trustworthy platform that provides traders with the tools they need to succeed. Their focus on education and training, as well as their commitment to providing traders with a safe and secure trading environment, makes them an excellent choice for traders looking to take their trading to the next level.
Bulenox’s Trading Platform
Bulenox offers a comprehensive trading platform that is designed to meet the needs of traders worldwide. The platform is built on Rithmic technology, which is known for its high-speed and reliable data feed. This ensures that traders have access to real-time market data and can execute trades quickly and efficiently.
The trading platform is available in the form of a trading terminal, which can be downloaded and installed on your computer. The terminal is easy to use and comes with a range of features that are designed to make trading simpler and more intuitive. For example, the platform has a range of charting tools that allow you to analyze market data and identify trading opportunities.
In addition to the trading terminal, Bulenox also provides a free license for the NinjaTrader 8 trading platform. This platform is known for its advanced charting capabilities and can be used on mobile devices, allowing traders to stay connected to the markets at all times.
Overall, Bulenox’s trading platform is a powerful and reliable tool for traders who are looking to take their trading to the next level. With its advanced features and intuitive interface, the platform is an excellent choice for both beginner and experienced traders alike.
Account Types and Sizes
Bulenox offers three different types of trading accounts: Master Account, Qualification Account, and Special Account. Each account has different requirements and benefits to cater to different traders’ needs.
The Master Account is designed for seasoned professionals who want to trade with diverse account sizes. The activation fee is based on the selected account size, which is $98 for a $10,000 account, $143 for a $25,000 account, $148 for a $50,000 account, and $248 for a $100,000 account. With a Master Account, traders can access all of Bulenox’s trading platforms, including Rithmic, CQG, and TT.
The Qualification Account is for traders who are new to futures trading or want to test their trading strategies. The activation fee is also based on the account size, which is $98 for a $10,000 account, $143 for a $25,000 account, $148 for a $50,000 account, and $248 for a $100,000 account. To qualify for a Qualification Account, traders need to meet the profit target and drawdown criteria within a specific period. The profit target is $1,000, and traders can choose between two options for the drawdown criteria: Trailing Drawdown Account or End-of-Day (EOD) Drawdown.
The Special Account is for micro traders who want to trade with a smaller account size and risk. The account criteria for a Special Account are a profit target of $1,000 and a maximum position size of up to 5 micro contracts. Traders can choose between two options for the drawdown criteria: Trailing Drawdown Account or EOD Drawdown with a daily loss limit of $400.
In summary, Bulenox offers diverse account sizes and types to cater to different traders’ needs, from seasoned professionals to micro traders. The activation fee for each account is based on the account size, and traders need to meet specific criteria to qualify for a Qualification Account. With a Master Account, traders can access all of Bulenox’s trading platforms, while a Special Account is designed for micro traders who want to trade with a smaller account size and risk.
Trading Rules and Regulations
When trading with Bulenox, it is important to understand the rules and regulations that apply to your account. These rules are in place to protect both the trader and the company and to ensure that trading is done in a fair and transparent manner.
Trading Days and Maximum Position Size
To qualify for the Master Account, a trader must trade at least 5 trading days. The trading day starts at 5:00 p.m. and ends at 4:00 p.m. the following day, North American Central Standard Time (CST). Holidays and weekends do not count as a trading day. All positions must be closed by 15:59 (CST).
There is also a maximum position size that traders must adhere to. This is to ensure that traders do not take on too much risk and to prevent excessive losses. The maximum position size varies depending on the account size and the market being traded.
Daily Loss Limit and Trailing Drawdown
Bulenox has a daily loss limit in place to protect traders from excessive losses. This limit is based on the account size and is set at a percentage of the account balance. Once this limit is reached, all positions will be closed automatically.
Traders should also be aware of the trailing drawdown, which is the percentage of the account balance that has been lost from the highest point. If the trailing drawdown exceeds a certain percentage, all positions will be closed automatically.
End-of-Day Drawdown and Risk Management
Bulenox also has an end-of-day drawdown limit, which is the maximum percentage of the account balance that can be lost in a single day. If this limit is reached, all positions will be closed automatically.
Risk management is a key part of trading with Bulenox. Traders are encouraged to use stop-loss orders to limit their losses and to manage their risk effectively. It is also important to have a trading plan in place and to stick to it, even during periods of volatility.
In summary, trading with Bulenox requires adherence to certain rules and regulations to ensure fair and transparent trading. Traders must be aware of the trading days, maximum position size, daily loss limit, trailing drawdown, end-of-day drawdown, and risk management practices. By following these rules and managing their risk effectively, traders can increase their chances of success with Bulenox.
The Evaluation Process
When you sign up for Bulenox’s funded trader program, you will need to go through an evaluation process to determine your trading skills. This process involves trading on a simulation account with a specified drawdown limit.
The evaluation process is designed to assess your trading abilities and risk management skills. You will be given a set of rules to follow, and you will need to show that you can consistently make profitable trades while keeping your drawdown within the specified limit.
If you pass the evaluation, you will be given a funded account with up to $250,000 in capital to trade with. The funded account is a real trading account, and you will be able to keep a portion of the profits you make.
During the evaluation process, you will have access to a master account that will show you your progress and performance. You can use this account to monitor your trades and see where you need to improve.
It’s important to note that the evaluation process is not easy, and not everyone will pass. However, if you are a skilled trader who can manage risk effectively, then the funded trader program can be a great opportunity to take your trading to the next level.
To summarize, the evaluation process is a crucial step in becoming a funded trader with Bulenox. You will need to demonstrate your trading skills and risk management abilities to pass the evaluation and receive a funded account. With a funded account, you can trade with real capital and keep a portion of the profits you make.
When it comes to payout structure, Bulenox offers a flexible system that allows traders to request payouts at any point during the calendar month. All payouts are processed once a week, on Wednesdays. However, there are a few requirements that traders must meet before they can request a payout.
Firstly, the trader must have completed at least ten or more individual trading days before they can request a payout. Additionally, the minimum withdrawal amount for one to three payments is $1,000. For a $10,000 account, the minimum withdrawal amount is $500.
Bulenox’s payout structure is based on a profit split model. This means that traders are required to reach a profit target before they can receive a payout. The profit target is determined by the trader’s account size and the chosen risk level.
Traders can receive multiple payouts as long as they continue to meet the profit target and other requirements. However, it’s important to note that the profit split percentage may change depending on the account size and risk level.
Overall, Bulenox’s payout structure is flexible and transparent, allowing traders to earn profits and receive payouts based on their performance.
Customer Service and Support
Bulenox offers excellent customer service and support to its clients. The support team is available 24/7 to answer any questions or concerns you may have. You can contact the support team via email or through the feedback form on the website.
The staff is knowledgeable and can provide you with the information you need to make informed decisions. They are also friendly and patient, ensuring that you get the help you need in a timely and efficient manner.
If you prefer live chat, you can access it directly from the website. The live chat feature allows you to chat with a support representative in real time, which can be especially helpful if you need immediate assistance.
When you submit a support ticket, you can expect a prompt response. The support team is committed to providing timely and accurate responses to all inquiries. You can also track the status of your ticket through your Bulenox account.
In summary, Bulenox provides excellent customer service and support to its clients. Whether you prefer email, live chat, or support tickets, the support team is available 24/7 to answer any questions or concerns you may have. The knowledgeable and friendly staff can provide you with the information you need to make informed decisions.
Bulenox Reviews and Ratings
If you are looking for reviews and ratings of Bulenox, you can find them on various platforms, including Trustpilot. Here’s a breakdown of the ratings and reviews:
- 5-star: Many reviewers have given Bulenox a 5-star rating, praising the company for its funded trader program and educational resources.
- 4-star: Some reviewers have given Bulenox a 4-star rating, stating that they had a positive experience with the company overall but faced some minor issues.
- 3-star: A few reviewers have given Bulenox a 3-star rating, citing concerns about the risks involved in trading and the high fees charged by the company.
- 2-star: There are very few 2-star ratings for Bulenox, with most reviewers either giving a higher or lower rating.
- 1-star: Some reviewers have given Bulenox a 1-star rating, stating that they had a negative experience with the company, including poor customer service and issues with account funding.
Overall, the majority of reviewers have had positive experiences with Bulenox, with many praising the company’s funded trader program and educational resources. However, it’s worth noting that trading involves risks, and it’s important to carefully consider those risks before investing any money.
Bulenox offers a wide range of trading instruments to cater to the diverse trading needs of its clients. Whether you are interested in futures trading, funded trading, or forex trading, Bulenox has got you covered.
Here are some of the trading instruments available on the Bulenox platform:
Bulenox provides access to equity trading, allowing traders to buy and sell stocks of publicly traded companies. With Bulenox, you can trade equities from major global exchanges, including the NYSE, NASDAQ, and more.
Bulenox offers a variety of futures contracts, including agricultural, interest rate, currency, energy, metal, and micro futures. Futures trading is a popular way to speculate on the price movements of underlying assets, and Bulenox provides traders with the tools and resources they need to succeed.
Bulenox also provides access to the forex market, one of the largest and most liquid financial markets in the world. Traders can trade major, minor, and exotic currency pairs with competitive spreads and leverage up to 1:500.
Bulenox offers cryptocurrency contracts, allowing traders to speculate on the price movements of popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Crypto trading is a high-risk, high-reward market, and Bulenox provides traders with the necessary tools and resources to manage their risk effectively.
Equity futures allow traders to speculate on the future price movements of a basket of stocks. Bulenox provides access to equity futures from major global exchanges, including the S&P 500, NASDAQ, and more.
In summary, Bulenox provides a diverse range of trading instruments, including equities, futures, forex, crypto contracts, and equity futures. Whether you are a beginner or an experienced trader, Bulenox has the tools and resources you need to succeed in the global financial markets.
Additional Features and Offers
Bulenox offers various additional features and offers to its traders. Here are some of the highlights:
- Scalping Plan: Bulenox offers a scalping plan for traders who prefer to use this trading strategy. The plan is designed to allow traders to take advantage of short-term price movements in the market. With the scalping plan, traders can trade any instrument and keep 100% of their profits.
- Coupon Code: Bulenox occasionally offers coupon codes that traders can use to get discounts on their subscription fees. Keep an eye out for these codes on their website or social media channels.
- Free Trial: Bulenox offers a free trial for their platform. Traders can sign up for a free trial and test out the platform before committing to a subscription. During the trial period, traders will have access to all the features and tools available on the platform.
- Full Funding: Traders who meet the performance requirements can receive full funding from Bulenox’s capital partners. The funding amount can go up to $250K, and traders can keep up to 80% of their profits.
- Competitive Pricing: Bulenox offers competitive pricing for its subscription plans. Traders can choose from different subscription plans based on their trading needs and budget. The subscription fees are transparent, and there are no hidden fees or charges.
Overall, Bulenox provides additional features and offers that can benefit traders. Whether you prefer scalping or need full funding, Bulenox has options that can help you achieve your trading goals.
Concerns and Criticisms
While Bulenox has received generally positive reviews from traders, concerns and criticisms have been raised about the platform. Here are some of the common issues that have been reported:
- Scam allegations: There have been some accusations that Bulenox is a scam, but there is no concrete evidence to support these claims. It is important to note that trading always carries risks, and it is up to the individual trader to make informed decisions and manage their own investments.
- Glitches and technical issues: Some traders have reported experiencing technical issues with the platform, such as glitches or delays. While these issues can be frustrating, it is important to remember that technology is not always perfect and that Bulenox has a support team available to help resolve any problems.
- Dishonest conduct: Some concerns have been raised about the transparency of Bulenox’s funding program and the selection process for funded traders. Some traders have reported feeling misled or disappointed by the program’s requirements or outcomes. It is important for traders to carefully read and understand the terms and conditions of any program they participate in and to communicate with the Bulenox team if they have any questions or concerns.
Overall, it is important for traders to approach Bulenox with caution and to do their own research before investing any money. While the platform has a lot of potential and offers many benefits to traders, it is not without its flaws and risks.
In conclusion, Bulenox is a great prop firm that offers a funded trader program for traders and investors. The company has an honest and easy-to-understand approach to trading, which makes it a good experience for traders of all levels. Their efficient service provides detailed information on their platform and trading rules, making it easy for traders to understand and follow.
The kindness of the Bulenox team is also noteworthy, as they are always available to answer any questions or concerns that traders may have. Additionally, the company’s partnership with Apex Trader Funding, Earn2Trade, and UProfit provides traders with even more opportunities to succeed in the trading world.
Overall, if you are looking for a reliable and trustworthy prop firm, then Bulenox is definitely worth considering. Their innovative approach and unique platform for traders make it easy to start trading without risking your own capital.