Bulenox Challenges & Pricing April 2026

Bulenox runs its evaluations differently from almost every major futures prop firm in the industry, and was one of the first prop firms to provide the choice of EOD drawdown or Intraday drawdown before it was cool. The firm lets you pick between two separate rulebooks at checkout, keeps the challenge open with no time limit, and charges zero minimum trading days to pass. This interactive page let's you see all of the Bulenox challenges side by side in an interactive table. Feel free to sort the accounts by name, size, max position size, drawdown, or price.

What Makes Bulenox Different From Other Futures Prop Firms

Most futures prop firms hand you one evaluation structure and one rulebook. Bulenox gives you a choice at signup: Option 1 (No Scaling Account) or Option 2 (EOD Account). Both target the same profit numbers and cost the same monthly subscription, but the drawdown engine, the daily risk cap, and your contract limits behave in completely different ways.

That fork alone is rare. The rest of what separates Bulenox from competitors like Apex Trader Funding, My Funded Futures, and Tradeify stacks up as follows:

• No minimum trading days to pass the Qualification. Hit the profit target in a single session while respecting the drawdown, and you advance to the Master Account. Apex requires 7, My Funded Futures requires 2.
• No evaluation time limit. The Qualification stays open as long as your monthly subscription is active. There is no 30-day, 60-day, or 90-day countdown pressing you to force trades.
• First $10,000 of funded profit is paid at 100%. The 90/10 split only kicks in after that threshold on the Master Account.
• 20+ supported trading platforms via Rithmic. NinjaTrader, Sierra Chart, Quantower, Bookmap, ATAS, MultiCharts, Tradovate-free Rithmic platforms, and niche tools like QScalp, ScalpTool, and PhotonTrader all connect.
• Free 14-day trial. You can test the Rithmic feed, the platform of your choice, and the Qualification rules without paying a subscription fee upfront.
• Up to 11 Master Accounts at once. You can scale exposure across multiple funded accounts after activation.
• Algos, bots, trade copiers allowed with no approval process. The only restriction is that Bulenox does not take responsibility for third-party software issues.

The trade-off: Bulenox is Windows-only on the platform side (macOS traders run Parallels or a Windows VM), Rithmic maintenance takes the feed offline over weekends, the first three funded payouts are capped by account size, and the 40% consistency rule applies to every withdrawal request on the Master Account.

The Two Bulenox Challenge Options Explained

Every account size at Bulenox is available in two configurations. You select one at checkout. The profit target, account balance, and monthly fee are identical between the two. What changes is how your drawdown is calculated, whether a daily loss limit exists, and how many contracts you can trade at a given profit level.

Option 1: No Scaling Account (Real-Time Trailing Drawdown)

Option 1 is the aggressive path. Your drawdown threshold trails your account equity in real time, including unrealized P&L from open positions. The moment your floating balance prints a new high, the floor moves up with it. When the balance retraces, the floor stays locked at the new high-water mark.

There is no daily loss limit on Option 1. You also get access to the maximum contract count from trade one. On a $100K account that means 12 contracts available immediately, no scaling tiers, no cash-on-hand requirements.

Example: $100K Option 1 with $3,000 trailing drawdown. You open a position and it runs to +$800 unrealized. Your drawdown floor has now moved from $97,000 to $97,800. If you give back $300 before closing, the drawdown floor stays at $97,800 (it only ratchets up, never down). Close at +$500 and your floor is locked at $97,800 until you print a new high.

Best for: Scalpers, fast intraday traders, anyone whose winning days don't involve holding large unrealized drawdown to get to target. If you consistently lock profits quickly and your equity curve prints clean new highs, Option 1 gives you more contracts and no daily cap.

Weak point: Swing-style futures trading with wide stops gets punished. An unrealized drawdown of $500 on a trade that's already been +$1,500 will end your account, even if the position eventually closes green. Read our breakdown of trailing drawdown vs EOD drawdown if you're unsure which model fits your strategy.

Option 2: EOD Account (End-of-Day Drawdown + Scaling Plan + Daily Loss Limit)

Option 2 is the disciplined path. Your drawdown is only recalculated at the close of the trading day at 4:00 PM Central Time. Intraday volatility does not lift the floor. Only the end-of-day closing balance counts.

Option 2 also enforces a daily loss limit. Hit the cap and the account pauses for the rest of the session, but no rule has been violated. Trading resumes at the next session open.

Example: $100K Option 2 with $3,000 drawdown. Day 1 closes at $101,000. Floor adjusts to $98,000. Day 2 closes at $100,500. Floor stays at $98,000. Day 3 closes at $102,500. Floor adjusts to $99,500.

Contract access on Option 2 is gated by a scaling plan tied to cash on hand. You start with a restricted contract count and earn access to larger size as your account balance climbs.

Best for: Day traders who hold positions longer, use wider stops, or trade through intraday volatility. Swing-style futures scalps where you need room to breathe. Traders who prefer the structure of a hard daily cap.

Weak point: You have fewer contracts early on, which means slower runway to the profit target. The scaling brackets reward patience. If you're looking to punch the target in one session with maximum size, Option 1 gives more leverage.

Bulenox Account Sizes, Profit Targets, and Drawdown Limits

Bulenox runs five evaluation tiers. The profit target is what you need to reach during the Qualification phase to advance to the Master Account. The trailing drawdown (on Option 1) or EOD drawdown (on Option 2) is the maximum distance between your highest balance and the account floor at which the account is breached.

Target-to-Drawdown Ratios: Which Size Is Actually Easiest

Not every Bulenox account is equally hard to pass. The ratio between profit target and drawdown tells you how much room you have to work with. Lower ratios are more forgiving.

The $50K account stands out. $3,000 in profit required against $2,500 in drawdown room is one of the most trader-friendly ratios across any futures evaluation at this price point. That is a large part of why the $50K remains the most popular starting account at Bulenox, especially when 80%+ discount codes bring the evaluation cost down to single digits.

The $25K account has a structural quirk: the profit target and the drawdown are both $1,500. You need to make exactly as much as you can lose. Useful for traders who want to practice discipline at a tight risk budget, but execution has to be near-flawless.

The $250K account is the hardest pass. $15,000 in profit with only $5,500 of drawdown room is an aggressive target. Most traders who pass $250K do so after first proving the edge on smaller sizes.

Bulenox Challenge Pricing (April 2026)

Bulenox charges a monthly subscription during the Qualification phase. The subscription renews every 30 days until you pass, cancel, or breach. Both Option 1 and Option 2 cost the same monthly fee at a given account size.

Pricing shown below reflects the list price on bulenox.com. Bulenox runs permanent discount codes that bring the effective price down substantially, and regular 80% to 91% promotional codes drop the smaller accounts into single-digit territory. Check current prop firm deals for the latest active discount codes.

Important: The activation fee is charged once after you pass the Qualification and move to the Master Account. It is not a monthly cost. Bulenox lists it upfront on the Master Account help page, and traders should factor it in when comparing total cost to funded.

Resets are $78 if you breach mid-billing-cycle. If you breach on the exact billing renewal date, the reset is free and completed trading days carry over. That is a small but real cost advantage over firms that charge $100+ per reset.

Active Discount Context

Bulenox keeps permanent $50 OFF and $60 OFF coupons live on specific sizes (most visibly the $50K and $100K tiers). Promotional codes rotating through partners often go much deeper, with 80% to 91% off list prices on evaluation subscriptions. Activation fees are charged at list price and are not discounted.

Qualification, Master, and Funded: The Three Bulenox Stages

Bulenox runs a three-stage funding path. Understanding how each stage connects to the next explains why the evaluation is only half the cost story.

Stage 1: Qualification Account

The evaluation. Simulated capital, same rules as the Master Account except you can reset if you breach. No minimum trading days. You pass the moment you hit the profit target with at least one trading day completed and all drawdown rules intact. Verification takes up to 24 hours after you hit target.

Stage 2: Master Account

Simulated capital, no monthly subscription. You pay a one-time activation fee to open it. You trade with the same rules as Qualification (trailing or EOD depending on the option you chose), except there are no resets. Breach here and the account is closed permanently.

Payouts start here. Minimum 10 trading days before your first withdrawal. Minimum withdrawal amount is $1,000. Payouts process weekly on Wednesdays via ACH/Wire, PayPal, or Wise.

The drawdown stops trailing once it reaches the initial starting balance plus $100. On a $100K account, once your EOD drawdown floor hits $100,100, it locks there for the remainder of the account's lifetime.

Stage 3: Funded Account

Access to the live market. This is the stage most competing prop firms never offer explicitly. You reach it after three validated payouts on your Master Account. All active Master Accounts get consolidated into a single Funded Account. The Funded Account carries a balance cap by account size ($2,500 on $25K, $5,000 on $50K, $10,000 on $100K, $15,000 on $150K, $25,000 on $250K). You need at least 5 trading days before requesting your first reward on the Funded side.

Declining the Funded Account transition when offered closes your Master Account with no payout. If you're already making money at the Master stage, the transition is structured to be automatic.

First-Payout Caps and the 40% Consistency Rule

Bulenox has two restrictions on payouts that trip up new funded traders more than the drawdown itself.

Capped First Three Payouts

The first three withdrawals from a Master Account are capped based on account size:

After the third successful payout, the cap is removed and you can withdraw any amount above the $1,000 minimum. The safety threshold reserve is the minimum balance that must remain in the account for you to qualify for a withdrawal. That reserve may be withdrawable when the Master Agreement ends.

The 40% Consistency Rule

On every withdrawal request, no single trading day's profit can represent more than 40% of your total profit at the time of the request. The formula is simple: (Best day P&L / Total P&L) × 100. If the result is above 40%, the withdrawal is paused, not violated. You keep trading until the best-day percentage drops below 40%, then request again.

The safety threshold counts toward the 40% rule on the first withdrawal, which makes that first payout the hardest to time. Practical implication: on a $100K Master Account, if you want to withdraw after hitting $5,000 total profit, your single best day must be $2,000 or less.

This rule rewards traders who grind out steady daily gains and punishes traders who rely on one or two home-run days. It is the same principle as Apex's consistency rule but enforced more strictly at the payout stage rather than the evaluation stage.

Trading Rules That Apply Across All Challenges

Regardless of which option or account size you pick, every Bulenox Qualification Account runs under the same core rule set.

• Trading hours: 5:00 PM CT to 4:00 PM CT the following day. All positions must be closed before 15:59 CT. No overnight holding on the Qualification or Master.
• Contract types: Standard and micro contracts can be traded simultaneously. One standard contract equals ten micros toward position limits.
• Instruments: 42 CME-group futures across equity indices, currencies, agricultural, energy, metals, crypto (MBT), and micros.
• News trading: Permitted. No restrictions around FOMC, CPI, NFP, or other tier-1 releases.
• Scalping: Permitted. No minimum hold time on trades.
• Algos, bots, copiers: Permitted. Bulenox does not provide the software and will not troubleshoot third-party tools.
• Data feed status: Non-professional status is free. Professional status costs $116/month for CME+CBOT+NYMEX+COMEX data. Status is selected once with Rithmic and cannot be changed afterward.
• Inactivity: At least one trade every five trading days to keep the account active.
• Multiple accounts: Unlimited Qualification Accounts. Up to 11 active Master Accounts at a time. All accounts must sit under the same Rithmic User ID. Creating multiple logins gets the entire profile deleted without refund.

If you're new to evaluating a challenge against your style, our guide on how to pass a prop firm evaluation covers drawdown management, sizing discipline, and daily routine structure that applies directly to Bulenox's rule set.

Where Each Bulenox Challenge Is Strong and Weak

$25K Challenge

Strength: Cheapest entry point. The tight 1:1 profit-to-drawdown ratio forces disciplined risk management, which builds habits that transfer to larger accounts.

Weakness: No room for error. Max 3 contracts on Option 1 and 2–3 on Option 2 means the target takes more trading days to reach. Activation fee relative to account size is high.

$50K Challenge

Strength: The best target-to-drawdown ratio Bulenox offers (1.20:1). $2,500 drawdown with only $3,000 in profit required. Up to 7 contracts on Option 1. $148 activation fee is the lowest per-dollar cost to activation across the tiers.

Weakness: Payout caps at $1,500 for the first three withdrawals means you need to hit four payouts before uncapped withdrawals are available.

$100K Challenge

Strength: 12 contracts available on Option 1 with no scaling. Mid-tier pricing. Profit target of $6,000 with $3,000 drawdown is the same 2:1 ratio as the $150K but at lower total cost.

Weakness: Activation fee jumps to $248. The $3,000 drawdown is only slightly larger than the $50K's $2,500, meaning you get more size but roughly the same risk headroom.

$150K Challenge

Strength: 15 contracts and $4,500 drawdown gives real room for trading larger size without immediately breaching on a normal pullback. $9,000 target is ambitious but realistic for traders with a proven edge.

Weakness: $325/month subscription and $498 activation add up fast if the evaluation takes more than one billing cycle. Better suited to traders confident of passing in under 30 days.

$250K Challenge

Strength: 25 contracts on Option 1. Access to institutional-size positioning on futures like ES, NQ, and CL. Highest ceiling Bulenox offers.

Weakness: Hardest ratio in the lineup (2.73:1 target to drawdown). $535/month subscription plus $898 activation means the cost to funded on this tier is the highest by a wide margin. Not recommended as a first Bulenox account.

How Bulenox Challenges Compare to the Rest of the Industry

The easiest way to see where Bulenox fits is to compare the structural choices against the other top-tier futures firms traders regularly evaluate.

The biggest structural differences against competitors are the drawdown choice at signup and the explicit path to live capital. Most firms give you one rule set and leave you in simulation. Bulenox offers a fork and a live progression. In exchange, you pay an activation fee that most mid-tier firms don't charge.

Choosing the Right Bulenox Challenge

If You Are a Scalper

Go Option 1 on the $50K or $100K. Max contracts from day one, no daily cap, and your quick-profit style works well with real-time trailing since you're locking gains fast enough that the drawdown floor ratchets up in your favor.

If You Are an Intraday Swing Trader

Go Option 2 on the $50K or $100K. EOD drawdown gives your wider stops room to breathe. You'll accept slower contract scaling in exchange for not breaching on a normal pullback.

If You Are Testing a New Strategy

Start with the 14-day free trial to verify your platform connects cleanly through Rithmic. Then take the $25K Option 1 if you're confident in tight risk management, or the $50K Option 2 if you want more margin of safety.

If You Want Maximum Scaling Potential

The $150K Option 2 is the sweet spot for most traders who want size without the $250K's aggressive ratio. 15 contracts at the top scaling tier, $9,000 target, $4,500 drawdown, and the scaling plan forces you to grow contract size in line with realized profit.

If You're Already Running Multiple Firms

Bulenox's low subscription and Rithmic compatibility makes it one of the cheapest firms to add to a multi-prop portfolio. The 14-day trial combined with permanent discount codes on the $50K and $100K means you can evaluate at minimal cost. Compare other options on the best futures prop firms page or browse active futures prop firm challenges directly.

How to Sign Up for a Bulenox Challenge

1. Visit bulenox.com and click the Join Now button or select your preferred account tier from the Account Tiers section on the homepage.
2. Pick Option 1 (No Scaling) or Option 2 (EOD) at the account size of your choice. Remember: same monthly fee, different rule engine.
3. Create your Bulenox profile with a single email and password. Only one login is permitted per trader.
4. Enter any active discount code at checkout. Standing coupons exist for the $50K ($50 OFF) and $100K ($60 OFF) sizes.
5. Pay the first monthly subscription via credit/debit card or crypto. The Qualification Account is created and your Rithmic User ID is generated.
6. Download your preferred trading platform and connect it using the Rithmic credentials in your Bulenox member area.
7. Start trading. Hit the profit target while respecting the drawdown rules to advance to the Master Account (24-hour verification after you hit target).
8. After passing, pay the one-time activation fee to open the Master Account. Trade 10 days minimum before your first payout request.

Frequently Asked Questions

Can I switch between Option 1 and Option 2 after signing up?

No. The drawdown type is fixed at account creation. To switch, you'd need to cancel the current Qualification and start a new one with the other option selected.

What happens if I hit the daily loss limit on Option 2?

The account pauses trading for the rest of that session. No rule has been violated. Trading resumes automatically at the start of the next session at 5:00 PM CT.

Do Bulenox evaluations have an expiration date?

No time limit. The Qualification stays active as long as your monthly subscription is paid. Cancel the subscription and the account remains tradeable until the billing period expires.

How much does a reset cost?

$78 mid-cycle. Free if you breach exactly on the billing renewal date. Trading days already completed carry over on free resets.

When is the first payout available?

After 10 completed trading days on the Master Account. Minimum withdrawal is $1,000. First three payouts are capped by account size.

Is the Master Account real capital?

No. The Master Account is simulated. Real capital access comes at the Funded Account stage, which opens after three successful payouts from the Master.

Can I hold positions overnight?

No. All positions must be closed by 15:59 CT on every trading day on both the Qualification and Master accounts.

Does Bulenox support macOS?

Not natively. Rithmic and NinjaTrader run on Windows only. Mac users typically use Parallels, Boot Camp, or a cloud Windows VM.

Are discount codes stackable?

No. Only one discount code per order. The standing $50 OFF and $60 OFF coupons on specific sizes can be used in place of promotional codes but not combined with them.

What happens if I let my subscription lapse during Qualification?

The account is deactivated. Re-subscribing creates a fresh Qualification with no carryover of profit or trading days from the lapsed account.

Bottom Line on Bulenox Challenges

Bulenox is a budget-friendly Rithmic futures prop firm with a rare structural advantage: the choice between trailing and EOD drawdown on every account size. The $50K account with its 1.20:1 profit-to-drawdown ratio remains the most trader-friendly entry point. The three-stage path to live capital after three successful payouts is one of the few explicit progression systems in the futures prop space.

The downsides are honest ones: activation fees on top of the subscription, first-payout caps, a 40% consistency rule, Windows-only platform support, and no macOS native support. For traders who fit the rule set and want flexibility in choosing their drawdown model, Bulenox is one of the strongest mid-tier options in April 2026.

Compare Bulenox against the full field on the best prop firms rankings, review the full Bulenox review, or dig into our explainer on how drawdown works before committing to a challenge size.