Bulenox review: one evaluation, sold two ways — and the rules that decide which one you want

Bulenox is a Delaware-based futures prop firm, founded in 2022, running a single-step "Qualification" evaluation on Rithmic-connected platforms. Its defining design choice: every account size is sold in two variants, and the variant matters more than the size.

• Option 1 (Trailing): intraday trailing drawdown that tracks your open-position P&L in real time, full contract size from day one, and no daily loss limit.
• Option 2 (EOD): drawdown recalculates only at end of day, but you accept a daily loss limit and a tiered contract scaling plan.

Same price either way. The rest of this review is the verified numbers and where each variant bites.

The menu

Account	Price/mo	Target	Max drawdown	Activation	DLL (Opt 2)
25K	$145	$1,500	$1,500	$143	$500
50K	$175	$3,000	$2,500	$148	$1,100
100K	$215	$6,000	$3,000	$248	$2,200
150K	$325	$9,000	$4,500	$498	$3,300
250K	$535	$15,000	$5,500	$898	$4,500

A 10K micro account ($115/mo, 5-micro cap, $400 daily loss limit, $98 activation) exists in the firm's help center but is no longer on the public pricing page — it appears to be sold from the logged-in dashboard only.

Two promos are printed directly on the homepage pricing cards and have held for weeks: $50OFF takes the 50K to $125/month and $60OFF takes the 100K to $155/month. Credit where due: Bulenox displays these as coupons against a real list price, not as a fake permanent "sale" — a distinction we care about after this month's price index found several firms baking promos into their displayed prices.

Reset is $78 anytime — and there's a wrinkle worth knowing: a rule violation resets free, automatically, on your next billing date, because the subscription renews every 30 days. If you blow the account mid-cycle and aren't in a hurry, patience is cheaper than $78.

Option 1 or Option 2?

Option 1 is for traders who want full size immediately and hate daily loss limits. The cost is the harshest drawdown mechanic in futures prop: the trail moves up with your unrealized peak. Touch a $600 open profit on the 50K, give it back, and your $2,500 buffer just shrank by $600 even though you closed flat.

Option 2 trades that away: the drawdown only moves at the close of each day, so intraday give-back doesn't hurt you. In exchange you get a daily loss limit and a scaling plan (on the 50K: 2 contracts until $1,500 in profit, 4 until $4,000, then the full 7). The daily loss limit disappears once your balance exceeds the starting balance — a detail that makes the variant meaningfully friendlier after a good first week.

Our read: swing-style intraday traders who let winners run should think hard before taking Option 1's real-time trail; scalpers who close quickly lose less to it. If you've failed evaluations to unrealized-peak trailing before, Option 2 is the variant that fixes your actual problem.

Either way, there are no minimum trading days in the evaluation — a one-day pass is possible — and news trading is allowed. Overnight and weekend holding are prohibited across the board.

What funding actually pays

The funded "Master" account pays 100% of your first $10,000 in profits, then 90/10. Payouts are processed weekly, on Wednesdays, with a $1,000 minimum — and your first three payouts are capped (from $1,000 per payout on the 25K up to $2,500 on the 250K, by size).

Two Master-account rules that traders routinely misattribute to the evaluation:

1. The 40% consistency rule applies to payouts, not the eval. No single day may account for more than 40% of the profit you're withdrawing.
2. 10 trading days are required in the Master account before a payout — again, not in the evaluation.

Stack the mechanics and the realistic first-payout path looks like: pass (no time floor), pay activation ($148 on the 50K), then trade at least 10 days while keeping your biggest day under 40% of the total, until you clear $1,000. The 100%-of-first-$10K split is genuinely generous; the $1,000 minimum and Wednesday-only cadence are the trade-off — several firms we track pay smaller amounts daily once funded.

The bill, worked

50K, Option 2, with the built-in promo: $125/month while you qualify, $148 activation when you pass, $78 if you need an impatient reset. One clean month to funded costs $273 all-in. For context, Topstep's 50K standard path runs $49/month plus a $149 activation — $198 for the same clean month. What Bulenox charges the extra $75 for: 100% of your first $10,000 funded (Topstep pays new sign-ups a flat 90/10 from the first dollar), no minimum trading days in the eval (Topstep requires 2), and the choice of an EOD drawdown variant. Whether that's worth it depends entirely on which of those three you'd actually use — and on any monthly evaluation, the clock keeps billing until you pass.

Verdict

Bulenox's paperwork is better than its marketing: the help center documents drawdown mechanics, scaling tiers, and payout caps with unusual precision, and the two-variant menu is a real choice rather than a gimmick. The things to walk in eyes-open about: the real-time trail on Option 1, the payout minimum and caps, and prohibited overnight holds. Trustpilot sits at 4.7 from ~1,672 reviews.

Every number above was verified against Bulenox's own site on July 14, 2026. Current prices, all 11 plans, and any active codes live on our Bulenox data page — which updates when the firm does, unlike this review.