Firm breakdown

Bulenox

Wilmington, DE, USA · bulenox.com

Rules verified against Bulenox's own site on Sep 23, 2026

Rithmic-based futures prop firm selling three account types, each in two risk models chosen at purchase (Option 1: real-time trailing drawdown, full size; Option 2: end-of-day drawdown with a soft daily loss limit). The Qualification is a one-time purchase with 30 days of access, no minimum days and no consistency rule, followed by a paid Master Account; Momentum bundles the Master stage for free, and Fast Track skips qualification entirely. Payouts are 100% of the first $10,000 then 90/10, news trading is allowed, and bots are permitted if they are the trader's own tools.

Good fit if
You trade on NinjaTrader or another Rithmic platform, want news trading with no blackout windows, and like keeping 100% of your first $10,000 in payouts.
Look elsewhere if
You want Tradovate, or you plan to run a commercial copier or automation service: Bulenox allows only your own personal-use tools and charges $100 a month for third-party API connections.

At a glance

Programs
6
Account sizes
25K to 150K
Cheapest entry
$94 (25K Momentum (Option 1: Trailing Drawdown))
Drawdown
EOD trailing, locks EOD trailing Intraday, locks Intraday
Trader keeps
90% to 100%
Daily loss limit
Varies by program: none, soft
Automation
Allowed, with limits
Trade copiers
Allowed, with limits
Max accounts
5 funded
NinjaTrader
Yes
Tradovate
No
TradingView
Not published

What works

  • Keep 100% of the first $10,000 in payouts, then 90/10.
  • No minimum trading days and no consistency rule to pass Qualification or Momentum.
  • News trading allowed on every account with no blackout windows.
  • Bots and trade copiers permitted if they are your own tools.
  • Momentum includes the Master stage with no activation fee, from $94 for 25K.
  • NinjaTrader 8 supported via Rithmic with a free license on the Master Account.

What to watch

  • Qualification access lasts only 30 days per purchase, and passing it still requires a one-time Master activation fee ($143 to $498).
  • Option 1 uses a real-time trailing drawdown that follows open profit.
  • Master Account payouts need 10 trading days each, are processed only weekly, and the first three are capped ($1,500 on 50K).
  • Rithmic only: no Tradovate, and TradingView support is not documented.
  • Third-party API or composite-software connections cost $100/month; professional data $116/month.
  • Commercial or shared automation tools are banned.

Programs and prices

List prices as shown on Bulenox's site on Sep 23, 2026. Firms discount constantly, so the price you pay is often lower. The rules are what matter: they are the same at any price. The drawdown shown is for the stage you buy (the evaluation, or the funded account on straight-to-funded plans); where the funded stage locks or moves differently, the drawdown detail under each table says so.

Qualification (Option 1: Trailing Drawdown)

Evaluation 1-step One-time fee

Pay once for 30 days of access; hit the target with no minimum days, no consistency rule and no daily loss limit, under a real-time trailing drawdown at full contract size.

Account Price Profit target Max loss Drawdown Daily loss Min days Max size Activation
25K $145 $1,500 $1,500 Intraday None 1 day 3 minis / 30 micros $143
50K $175 $3,000 $2,500 Intraday None 1 day 7 minis / 70 micros $148
100K $215 $6,000 $3,000 Intraday None 1 day 12 minis / 120 micros $248
150K $325 $9,000 $4,500 Intraday None 1 day 15 minis / 150 micros $498
  • Consistency: None
  • Reset fee: $78
  • Risk model is locked for the life of the account (Qualification, Master, Funded). Reset is $78, restores the starting balance instantly and does not extend the 30-day access. After passing, a review precedes a one-time Master activation fee (link valid 7 days). Master payouts: at least 10 trading days per payout, minimum $1,000, 40% consistency calculated on cumulative P&L (does not reset between payouts; the reserve counts toward the first), a Safety Threshold Reserve of $1,600 / $2,600 / $3,100 / $4,600 must remain above the starting balance, first three payouts capped at $1,000 / $1,500 / $1,750 / $2,000 then uncapped, processed weekly on Wednesdays (request by Friday 11:59 PM CT). A breached Master can be reset for an individually quoted fee. Activation fees were read from the help center's CMS table (the page does not render that section).
Drawdown detail by account size
  • 25K Follows the highest account value in real time including open profit and commissions; does not lock during Qualification. On the Master Account it locks at $25,100 once the account reaches $26,600.
  • 50K Real-time trailing including open profit; no lock during Qualification. Master locks at $50,100 once the account reaches $52,600.
  • 100K Real-time trailing including open profit; no lock during Qualification. Master locks at $100,100 once the account reaches $103,100.
  • 150K Real-time trailing including open profit; no lock during Qualification. Master locks at $150,100 once the account reaches $154,600.

Qualification (Option 2: EOD Drawdown)

Evaluation 1-step One-time fee

Same price and targets as Option 1 but with an end-of-day drawdown, a soft daily loss limit and a contract limit that scales with cash on hand.

Account Price Profit target Max loss Drawdown Daily loss Min days Max size Activation
25K $145 $1,500 $1,500 EOD trailing $500 (soft) 1 day Scales with cash on hand: 2 minis up to $1,500, 3 minis above (max 3 / 30 micros) $143
50K $175 $3,000 $2,500 EOD trailing $1,100 (soft) 1 day Scales: 2 minis up to $1,500 profit, 4 at $1,501 to $4,000, 7 above (max 7 / 70 micros) $148
100K $215 $6,000 $3,000 EOD trailing $2,200 (soft) 1 day Scales: 3 minis up to $2,000, 5 to $3,000, 8 to $5,000, 12 above (max 12 / 120 micros) $248
150K $325 $9,000 $4,500 EOD trailing $3,300 (soft) 1 day Scales: 5 minis up to $4,000, 8 to $8,000, 10 to $12,000, 15 above (max 15 / 150 micros) $498
  • Consistency: None
  • Reset fee: $78
  • Daily loss limit counts realized, unrealized and commissions from 5 PM to 4 PM CT; hitting it disables trading for the rest of the session only. On the Master Account the DLL is permanently removed once the EOD drawdown locks at start + $100; the scaling plan continues and can move down as well as up. Master payout rules identical to Option 1.
Drawdown detail by account size
  • 25K Moves only on new end-of-day closing highs; on the Master Account locks at $25,100 after a close at $26,600.
  • 50K End-of-day only; Master locks at $50,100 after a close at $52,600.
  • 100K End-of-day only; Master locks at $100,100 after a close at $103,100.
  • 150K End-of-day only; Master locks at $150,100 after a close at $154,600.

Momentum (Option 1: Trailing Drawdown)

Evaluation 1-step One-time fee

Cheaper one-time qualification whose Master stage (Momentum Master) is activated free, with daily-processed payouts after 5 qualifying profitable days.

Account Price Profit target Max loss Drawdown Daily loss Min days Max size Activation
25K $94 $1,500 $1,000 Intraday None 1 day 3 minis / 30 micros $0
50K $143 $3,000 $2,250 Intraday None 1 day 7 minis / 70 micros $0
100K $248 $6,000 $4,000 Intraday None 1 day 12 minis / 120 micros $0
150K $358 $9,000 $5,500 Intraday None 1 day 15 minis / 150 micros $0
  • Consistency: None
  • No minimum days and no consistency rule to pass; qualification profits do not carry over. Momentum Master payouts: 5 qualifying profitable days per cycle (at least $100 / $150 / $200 / $250 net), best day no more than 35% of cycle profit, minimum balance for payout $26,500 / $53,000 / $104,500 / $156,500, minimum request $500 (25K) or $1,000, caps rising by payout number (50K: $1,500, $2,000, $2,500, then $3,000; 150K: $2,500 up to $5,000; 25K flat $1,000). Requests processed the same day. Reset price for Momentum not published.
Drawdown detail by account size
  • 25K Real-time trailing including open profit. Lock behavior on the Momentum Master is not separately documented.
  • 50K Real-time trailing including open profit.
  • 100K Real-time trailing including open profit.
  • 150K Real-time trailing including open profit.

Momentum (Option 2: EOD Drawdown)

Evaluation 1-step One-time fee

Momentum with an end-of-day drawdown, a soft daily loss limit and a lower fixed contract limit (no scaling plan).

Account Price Profit target Max loss Drawdown Daily loss Min days Max size Activation
25K $94 $1,500 $1,000 EOD trailing $600 (soft) 1 day 2 minis / 20 micros $0
50K $143 $3,000 $2,250 EOD trailing $1,200 (soft) 1 day 4 minis / 40 micros $0
100K $248 $6,000 $4,000 EOD trailing $2,500 (soft) 1 day 8 minis / 80 micros $0
150K $358 $9,000 $5,500 EOD trailing $3,300 (soft) 1 day 12 minis / 120 micros $0
  • Consistency: None
  • Momentum Master payout rules as in Option 1 (5 qualifying days, 35% consistency, rising caps, same-day processing).
Drawdown detail by account size
  • 25K Moves only on end-of-day closing highs.
  • 50K Moves only on end-of-day closing highs.
  • 100K Moves only on end-of-day closing highs.
  • 150K Moves only on end-of-day closing highs.

Fast Track (Option 1: Trailing Drawdown)

Straight to funded One-time fee

No qualification: a one-time fee buys a simulated funded account with same-day payout processing, gated by a per-cycle profit goal and a 20-30% consistency rule.

Account Price Profit target Max loss Drawdown Daily loss Min days Max size Activation Consistency
25K $338 None $1,000 Intraday, locks None Not published 3 minis / 30 micros $0 Best day max 20% of cycle profit for payout 1, 25% for payout 2, 30% from payout 3.
50K $488 None $2,250 Intraday, locks None Not published 7 minis / 70 micros $0 Best day max 20% / 25% / 30% of cycle profit (payout 1 / 2 / 3+).
100K $648 None $4,000 Intraday, locks None Not published 12 minis / 120 micros $0 Best day max 20% / 25% / 30% of cycle profit (payout 1 / 2 / 3+).
150K $788 None $5,500 Intraday, locks None Not published 15 minis / 150 micros $0 Best day max 20% / 25% / 30% of cycle profit (payout 1 / 2 / 3+).
  • First payout goal $1,500 / $3,000 / $6,000 / $9,000; later cycles need $1,000 / $2,000 / $3,000 / $4,500 of new profit. Minimum request $1,000; max $1,000 / $2,000 / $2,500 / $3,000 for payouts 1-3 and $1,250 / $2,500 / $3,000 / $3,500 from payout 4. A payout may not take the balance to the drawdown threshold. Requests before 12:01 PM CT on weekdays are processed the same day. Reviewed for a live Funded Account after at least 3 payouts (FAQ adds 30 trading days). No reset price published.
Drawdown detail by account size
  • 25K Real-time trailing; stops permanently at the starting balance + $100 ($25,100).
  • 50K Real-time trailing; stops permanently at $50,100.
  • 100K Real-time trailing; stops permanently at $100,100.
  • 150K Real-time trailing; stops permanently at $150,100.

Fast Track (Option 2: EOD Drawdown)

Straight to funded One-time fee

Fast Track with an end-of-day drawdown, a permanent soft daily loss limit (none on 25K) and a lower fixed contract limit.

Account Price Profit target Max loss Drawdown Daily loss Min days Max size Activation
25K $338 None $1,000 EOD trailing, locks None Not published 2 minis / 20 micros $0
50K $488 None $2,250 EOD trailing, locks $1,200 (soft) Not published 4 minis / 40 micros $0
100K $648 None $4,000 EOD trailing, locks $2,500 (soft) Not published 8 minis / 80 micros $0
150K $788 None $5,500 EOD trailing, locks $3,300 (soft) Not published 12 minis / 120 micros $0
  • Consistency: Best day max 20% / 25% / 30% of cycle profit (payout 1 / 2 / 3+).
  • On Fast Track Option 2 the daily loss limit stays for the life of the account (unlike the Master Account, where it is removed at the lock). Payout rules as Option 1.
Drawdown detail by account size
  • 25K End-of-day; stops permanently at $25,100.
  • 50K End-of-day; stops permanently at $50,100.
  • 100K End-of-day; stops permanently at $100,100.
  • 150K End-of-day; stops permanently at $150,100.

Funded stage and payouts

What funded means here
Master Account (simulated; from Qualification), Momentum Master (from Momentum) and Fast Track (bought directly) are the paid-out 'Master-level' stage. A Funded Account is a real brokerage account traded with Bulenox capital, offered at Bulenox's discretion.
Profit split
100% of the first $10,000 in payouts (counted once per trader across Fast Track and Master accounts), then 90/10.
How often you can withdraw
Master Account: processed weekly on Wednesdays, each payout needs 10 new trading days. Fast Track and Momentum Master: requests processed the same day (weekday requests before 12:01 PM CT for Fast Track).
Minimum payout
$1,000 on Master and Fast Track; Momentum Master $500 on 25K, $1,000 otherwise.
Payout cap
Master: first three payouts capped at $1,000 / $1,500 / $1,750 / $2,000, then uncapped. Fast Track: $1,000 to $3,000 for payouts 1-3, $1,250 to $3,500 after. Momentum Master: rising caps from $1,000 to $5,000 by payout number and size.
What you must do first
Master: 10 trading days, 40% cumulative consistency, Safety Threshold Reserve ($1,600 / $2,600 / $3,100 / $4,600) left above start, W-9 or W-8BEN signed by hand. Fast Track: per-cycle profit goal plus 20% / 25% / 30% consistency. Momentum Master: 5 qualifying profitable days plus 35% consistency and a minimum balance.
Path to a live account
After 3 successful payouts on a Master-level account (Fast Track: FAQ also cites 30 trading days), accounts may be reviewed for a Funded Account at Bulenox's discretion. Each eligible Master-level account (3 payouts, or others with at least 1) becomes a separate Funded Account with an initial EOD drawdown of $1,500 / $2,000 / $3,000 / $4,500; Master profits do not transfer. Declining the transition closes the Master account.
Ongoing fees
No monthly fees. One-time Master activation fee after Qualification ($143 / $148 / $248 / $498 for 25K to 150K); Momentum Master and Fast Track have none. Professional data $116/month; third-party API or composite software connection $100/month.

Trading rules that end accounts

Automation

Allowed, with limits

Bots and algorithms are permitted, but only user-built tools for the account owner's personal use. Commercial, shared, rented or publicly distributed automation is not allowed. Connecting to Rithmic through a third-party API or composite software costs an extra $100/month.

"Yes. Bots, algorithms and trade copiers are permitted." Source

Trade copiers

Allowed, with limits

Trade copiers are permitted and all of a trader's accounts sit under one Rithmic User ID. The same FAQ answer limits tools to user-built, personal-use software (no commercial, shared or rented tools), and third-party API connections carry a $100/month fee. The published FAQ and help center do not address copying other people's trades, signal services or cross-firm copying.

"Bots, algorithms and trade copiers are permitted." Source
Account limit
Unlimited Qualification accounts. Up to 5 active Master-level accounts in any mix of Master, Fast Track and Momentum Master, all activatable at once. One Bulenox profile and one Rithmic User ID per trader.
News trading
Allowed on all account types with no blackout windows (CPI, FOMC, NFP included).
Overnight and weekends
Prohibited: trading day runs 5:00 PM to 4:00 PM CT and all positions must be closed by 3:59 PM CT. No weekend holds.
Other rules
  • Risk model (Option 1 trailing or Option 2 EOD) is chosen at purchase and locked for the life of the account through Funded.
  • Rithmic professional/non-professional status is locked for the account's life; choosing professional adds $116/month.
  • Restricted countries include China, Hong Kong, Taiwan, Russia, Pakistan, Bangladesh, Nigeria, Kenya, Kazakhstan, Croatia, Monaco, Serbia and many others.
  • Hedging, HFT, microscalping and other prohibited-practice rules are not in the web FAQ or help center; check the Bulenox Terms of Use.
  • No refunds once the service has been accessed.

Platforms and data

NinjaTraderR|Trader ProQuantowerSierra ChartMultiChartsATAS
How you connect
All accounts run on Rithmic (Rithmic Paper Trading, Chicago gateway by default; Europe/Frankfurt and Tokyo/Singapore available) under one Rithmic User ID per trader. NinjaTrader 8 connects via 'My Rithmic for NinjaTrader Brokerage' with a free license on the Master Account (NinjaTrader accounts created after July 13, 2024 include a built-in key). Site says 20+ platforms; only the six listed are named. Rithmic R|Trader runs on Windows only. Non-professional exchange data is included; professional status costs $116/month for CME, CBOT, NYMEX and COMEX data (one help article says $112 per exchange). Connecting through a third-party API or composite software adds $100/month.
Data and execution
Rithmic
What you can trade
41 CME Group futures across CME, CBOT, NYMEX and COMEX: equity index (ES, NQ, YM, RTY, EMD, NKD and micros MES, MNQ, MYM, M2K), FX (6A, 6B, 6C, 6E, 6J, 6S, 6N, 6M and micros M6A, M6B, M6C, M6E), energy (CL, MCL, QM, NG, QG, RB), metals (GC, MGC, SI, HG, PL), ags and livestock (ZW, ZS, ZM, ZL, ZO, HE, LE, GF) and crypto (MBT, MET). No Treasury/interest-rate futures on the published list. Commissions are charged per side per the Bulenox rate sheet.

Recent rule changes

  1. Date not published Fast Track (straight-to-funded) and Momentum (qualification with a free Master stage) added alongside the Qualification, and Qualification is now sold as a one-time 30-day access with no renewal. No dated official announcement found (third-party coverage places the launch in August 2026). Source

Every firm's rule changes in one log

Bulenox FAQ

Does Bulenox allow trade copiers?
Allowed, with limits. Trade copiers are permitted and all of a trader's accounts sit under one Rithmic User ID. The same FAQ answer limits tools to user-built, personal-use software (no commercial, shared or rented tools), and third-party API connections carry a $100/month fee. The published FAQ and help center do not address copying other people's trades, signal services or cross-firm copying.
Can you use automated trading or bots at Bulenox?
Allowed, with limits. Bots and algorithms are permitted, but only user-built tools for the account owner's personal use. Commercial, shared, rented or publicly distributed automation is not allowed. Connecting to Rithmic through a third-party API or composite software costs an extra $100/month.
What drawdown does Bulenox use?
End-of-day trailing, locks: The floor moves up only when a session closes at a new high balance. Open profit during the day does not drag it up. Once the floor reaches the starting balance (at some firms, plus a small buffer), it stops rising and stays there. End-of-day trailing: The floor moves up only when a session closes at a new high balance. Open profit during the day does not drag it up. Intraday trailing, locks: The floor follows your highest equity in real time, open profit included, so giving back an open gain tightens it. Once the floor reaches the starting balance (at some firms, plus a small buffer), it stops rising and stays there. Intraday trailing: The floor follows your highest equity in real time, open profit included, so giving back an open gain tightens it. The type depends on which program you buy.
Which platforms can you use with Bulenox?
NinjaTrader, R|Trader Pro, Quantower, Sierra Chart, MultiCharts, ATAS. All accounts run on Rithmic (Rithmic Paper Trading, Chicago gateway by default; Europe/Frankfurt and Tokyo/Singapore available) under one Rithmic User ID per trader. NinjaTrader 8 connects via 'My Rithmic for NinjaTrader Brokerage' with a free license on the Master Account (NinjaTrader accounts created after July 13, 2024 include a built-in key). Site says 20+ platforms; only the six listed are named. Rithmic R|Trader runs on Windows only. Non-professional exchange data is included; professional status costs $116/month for CME, CBOT, NYMEX and COMEX data (one help article says $112 per exchange). Connecting through a third-party API or composite software adds $100/month.
How many Bulenox accounts can you have at once?
Unlimited Qualification accounts. Up to 5 active Master-level accounts in any mix of Master, Fast Track and Momentum Master, all activatable at once. One Bulenox profile and one Rithmic User ID per trader.
What is the Bulenox profit split?
100% of the first $10,000 in payouts (counted once per trader across Fast Track and Master accounts), then 90/10.. Master Account: processed weekly on Wednesdays, each payout needs 10 new trading days. Fast Track and Momentum Master: requests processed the same day (weekday requests before 12:01 PM CT for Fast Track).

Sources and gaps

Every number above comes from Bulenox's own pages, read on Sep 23, 2026. If a field says "Not published", we could not confirm it from an official source and chose a blank over a guess. Spot something out of date? Tell us.

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