Independent review by El Trader Financiado
Bulenox prop firm logo

"Invest in Yourself"

4.7
Trustpilot4.5 out of 5 stars on Trustpilot
1.8k reviews
USA2021
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Bulenox Review

General Features

Payment Methods

Debit/Credit Card
PayPal
PayPal

Compatible Platforms

NinjaTrader
NinjaTrader
Rithmic
Rithmic
Quantower
Quantower
Sierra Chart
Sierra Chart
MultiCharts
MultiCharts
ATAS
ATAS

Plans

Bulenox Momentum

Account Details

Price$94$56.40
Activation$0
Profit Target$1,500
Max Drawdown$1,000
Daily Loss-
Mini / Micro3/30
Reset Eval$85
Price$143$85.80
Activation$0
Profit Target$3,000
Max Drawdown$2,250
Daily Loss-
Mini / Micro7/70
Reset Eval$135
Price$248$148.80
Activation$0
Profit Target$6,000
Max Drawdown$4,000
Daily Loss-
Mini / Micro12/120
Reset Eval$240
Price$358$214.80
Activation$0
Profit Target$9,000
Max Drawdown$5,500
Daily Loss-
Mini / Micro15/150
Reset Eval$350

A reset costs $85 on the 25K, $135 on the 50K, $240 on the 100K and $350 on the 150K. A reset does not extend the 30-day window.

Evaluation

DAILY LOSS

No

Min Days

1 day

Consistency

-

News

Allowed

Schedule

Sim-Funded Phase

Drawdown Types

Trailing Intraday / EOD

DAILY LOSS

No

News

Allowed

Scaling Contracts

No

Payouts

Min Withdrawal

$500

Withdrawal Methods

Bank
WiseWise
Bank
PayPal
PayPalPayPal

The Master account is activated free of charge once the evaluation is approved. To request a payout you need to reach the minimum balance ($26,500 on the 25K, $53,000 on the 50K, $104,500 on the 100K and $156,500 on the 150K) and log five qualifying profitable days in the cycle.

Funded Account: the step to real capital

Bulenox has a third stage above the Master Account. After 3 paid withdrawals, and at the discretion of their risk department, they invite you to trade real capital.

If you decline the move to a Funded Account, your Master Account is closed and no pending payout is issued.

Invitation-only programme: Bulenox publishes no timelines or quotas, and the step depends entirely on their judgement.

Support

Contact Bulenox's support team

support@bulenox.com

Visit Bulenox's help center

Help center

Restricted Countries

Bulenox does not accept traders from the following countries:

Fees

Commissions are per contract round-trip (open + close). Micros have proportional commissions.
InstrumentCodeRound Trip
E-mini S&P MidCap 400
EMD$4.18
E-mini S&P 500
ES$4.18
E-mini NASDAQ 100
NQ$4.18
E-mini Russell 2000
RTY$4.18
E-mini Dow Jones
YM$4.18
Micro E-mini Russell 2000
Micro
M2K$1.22
Micro E-mini S&P 500
Micro
MES$1.22
Micro E-mini NASDAQ 100
Micro
MNQ$1.22
Micro E-mini Dow Jones
Micro
MYM$1.22

Reviews

Real opinions on Bulenox

Quick verdict: Bulenox now has three paths to a funded account as of August 17, 2026, and the one that matters is Momentum: a one-time evaluation from $94 where the Master account activates for free. That wipes out the firm's biggest historical drawback in one stroke: activation fees that ran from $143 to $498. Five years in business since 2021, Trustpilot 4.7/5, 100% profit split on the first $10,000, and payouts via bank transfer, PayPal, and Wise. My score: 8/10. What's still missing: it's Rithmic-only (no Tradovate, no native TradingView), and the Fast Track direct pass has the toughest withdrawal rules in the house.

My results with this firm

76
accounts bought
13
reached funded
0
payouts collected
See my full results across every firm

My honest analysis

Bulenox is one of the most underrated firms in the catalog. They've been delivering without scandals since 2021, they hold 4.7/5 on Trustpilot, and their evaluations have always been among the cheapest. But people default to looking at Apex or MFF out of habit and miss what Bulenox brings: veteran stability, low prices, and payment methods that cover Latin America without the friction of Plane or Rise.

I've been funded with Option 1 accounts at Bulenox, but I haven't managed a withdrawal yet. That's not on the firm — the conditions work, activation is fast, and the system has no surprises — it's on me. It's part of the live trading I run on my YouTube channel since late April, where I've been testing several prop firms in parallel. When I land my first withdrawal at Bulenox, I'll report it here.

On August 17, 2026, Bulenox shed exactly what I'd been criticizing it for. For years my summary of this firm was the same: dirt-cheap evaluations paired with one of the priciest activation fees in the market, one that turned prohibitive from the 100K account up. With Momentum, that fee disappears: you pay for the evaluation once, from $94 on the 25K, and once you pass it the Master account activates for free. This isn't a temporary discount — it's a new product.

What I like most now is how cheap it is to reach a Master account. With Momentum at $94 on the 25K — and $56.40 with the 89% discount — you get the funded account activated without paying anything else. The old route, evaluation plus activation, cost $288 at list price to land in exactly the same place.

On top of that there's 5 years in business since 2021, a profit split of 100% on the first $10,000 and then 90%, and payment methods via bank transfer, PayPal, and Wise — a combo that covers nearly all of Latin America.

What I don't like. First, it's still Rithmic-only: NinjaTrader, R Trader, and sixteen other platforms running on that same feed, but no Tradovate and no native TradingView. If Tradovate is your usual platform, Bulenox isn't your firm, and that hasn't changed.

Second, Fast Track doesn't convince me. It's the direct pass, starting at $338, and it carries the three rules that hurt most when you want to get paid: a 20% consistency rule on the first withdrawal (the strictest in the house, where everything else sits at 40%), a profit target bigger than your own drawdown before you can touch any money, and zero reset option. I'm generally not a fan of direct passes, and this one is no exception: if you're trading well, two or three cheap evaluations work out better.

And third, there are two cuts that don't make the headline. The evaluation is no longer open-ended: dropping the subscription model means it now has a hard 30 calendar-day limit, whereas before you could stretch it as long as you kept paying. And the Master account limit drops from 11 to 5, counting all three products together. Bulenox used to be the second firm in the sector for simultaneous accounts, behind only Apex; that argument is now cut to less than half.

What has genuinely surprised me is that the long-standing accounts don't go up in price. They're still $145 for the 25K and $175 for the 50K, but now as a one-time payment instead of monthly, and they keep their discounts. That makes them the cheapest way to try the firm, although Momentum is the better route to actually getting paid.

My top 5 moves as the scores change, so you can always find it up to date in the top-rated ranking.

Pros and Cons of Bulenox

Pros

  • The Master account activates for free with Momentum — the $143-to-$498 fee that was the firm's historical drawback is gone.
  • Very cheap evaluations: Momentum from $94 on the 25K, and $56.40 with the 89% discount.
  • 5 years in business since 2021 — a solid track record without scandals.
  • Trustpilot 4.7/5 — one of the highest scores in the catalog.
  • 100% profit split on the first $10,000, then 90%.
  • No minimum trading days to pass the evaluation: if you hit the target in a single session without breaking any rules, you've passed.
  • Wide range of payment methods: bank transfer, PayPal, and Wise (covers Latin America without friction).
  • Same-day withdrawals if requested before 12:01 PM CT, on Momentum and Fast Track.
  • Evaluation accounts have no limit, and if you hit the cap of 5 Master accounts, anything beyond that queues up instead of being lost.
  • Three different paths to a funded account, with or without an evaluation.

Cons

  • Rithmic only: NinjaTrader, R Trader, and sixteen others on the same feed (ATAS, Sierra Chart, Bookmap, MultiCharts…). No Tradovate, no native TradingView.
  • The evaluation expires after 30 calendar days — before, with the monthly subscription, there was no limit. And a reset doesn't extend that deadline.
  • Fast Track requires 20% consistency on the first withdrawal and has no reset: if you breach the account, you buy a whole new one.
  • On Fast Track, the first-withdrawal target exceeds the drawdown across all four sizes: $1,500 against $1,000 of drawdown on the 25K, $9,000 against $5,500 on the 150K.
  • The long-standing accounts (Option 1 and 2) keep the activation fee and require 10 trading days and a $1,000 minimum for the first withdrawal.
  • The Master account limit drops from 11 to 5, counted jointly across all three products.
  • The 250K size is gone: the maximum is now 150K.
Comparison with other prop firms

Three ways to reach a 50K funded account with the discounts currently active on ElTraderFinanciado (verified on August 17, 2026). All three use trailing: Momentum and Apex are intraday; MFF Rapid is EOD during the evaluation and intraday once funded.

MetricBulenox Momentum 50KApex Intraday 50KMFF Rapid 50K
Payment modelOne-time paymentOne-time paymentOne-time payment
Price without discount$143$249$209
Discount-89%50K at $49 with no activation fee (ETFPROMO)-50% on your first 4 purchases (ETFPROMO)
Final eval price$85.80$49$104.50
Activation fee$0$0 with the promo ($79 list price)$0
Total cost to funded (1 attempt)$85.80$49$104.50
Eval time limit30 days30 days365 days
Minimum trading days to passNone12
Eval drawdownIntraday trailingIntraday trailingEOD trailing
Maximum drawdown$2,250$2,000$2,000
Profit split100% on the first $10K100% on the first 6 payouts90%
Days before first withdrawal5 profitable days2
Withdrawal frequencySame day (before 12:01 PM CT)Every 5 daysDaily
Minimum withdrawal$1,000$500$500
Simultaneous accounts5205
Trustpilot4.7 / 1.8k4.2 / 20.7k4.9 / 20.9k
Payment methodsBank, PayPal, WisePlaneRise

In short: Apex is the cheapest today, and by a wide margin: $49 to a funded account for as long as its August promo lasts. Momentum comes second at $85.80, and in exchange it drops the minimum-days requirement, gives you 30 days of runway, and a 100% split on the first $10,000. MFF Rapid is the most expensive to enter but the one with the longest evaluation window (365 days) and daily withdrawals.

What's changed with Momentum is that Bulenox is now playing in this league. With the old route — monthly evaluation plus a $148 activation fee — the comparison didn't even hold up.

👉 Compare in the comparator →

Who is Bulenox for?

I'd recommend it if:

  • You want to reach a funded account paying little, and only once: Momentum from $94, with the Master activated for free.
  • You live in Latin America and need payment methods via PayPal, Wise, or bank transfer without friction.
  • You want to pass fast: there are no minimum trading days, you can get approved in a single session.
  • You trade on NinjaTrader or R Trader and don't need Tradovate.
  • You value a veteran track record (5 years) with a very high Trustpilot score.

I wouldn't recommend it if:

  • Your usual platform is Tradovate or native TradingView — Bulenox doesn't support either.
  • You need time without pressure: the evaluation expires after 30 calendar days.
  • You're after a direct pass with good withdrawal conditions: Fast Track is expensive on rules (20% consistency, a target above the drawdown, and no reset).
  • You want a full 100% profit split, not split by tier (first $10K).
How to start with Bulenox

If you're starting out with Bulenox, go with Momentum 25K or 50K. It's the cheapest route to a Master account and the one with the least fine print:

  • Momentum 25K at $94 → $56.40 with the 89% discount. Master activation: free.
  • Momentum 50K at $143 → $85.80. Activation: free.
  • A profit target of $1,500 on the 25K and $3,000 on the 50K, with $1,000 and $2,250 in maximum drawdown.
  • No minimum trading days, and 30 calendar days to pass it.
  • You choose the drawdown: Option 1, intraday trailing with no daily loss limit, or Option 2, EOD trailing with a daily limit ($600 on the 25K, $1,200 on the 50K).

One thing to watch once you're on the Master account: to get paid you need 5 qualifying profitable days per cycle, and a day only counts if it makes at least $100 on the 25K or $150 on the 50K. A day of +$40 doesn't count for anything.

And if you've never had a Rithmic account, before paying anything you get the free Rithmic trial: 14 calendar days or 10 trading days, whichever comes first. It's there to check the platform works on your setup (Rithmic is Windows-only) without spending a cent.

If you want to skip the evaluation: Fast Track starts at $338 for the 25K ($202.80 with the 89%) and puts you straight on a Master account. Before buying it, know that the first withdrawal requires $1,500 in profit against $1,000 of drawdown, that consistency starts at 20%, and that there's no reset. I'd rather run two Momentum evaluations than buy a Fast Track, but if getting in today without passing any test is worth it to you, it's there.

If you just want to try the firm with little money: the long-standing accounts are the cheap entry point. They still cost $145 for the 25K and $175 for the 50K, but now you pay once instead of monthly, they keep their discounts, and they're the only ones still eligible for Bulenox's price matching. What's waiting for you afterward is the activation fee ($143 on the 25K, $148 on the 50K), 10 trading days, and a $1,000 minimum for the first withdrawal. Better for testing the waters; for actually getting paid, go with Momentum.

👉 See current Bulenox discounts

Community ratings

3.4/ 5

53 global ratings

5
25%
4
13%
3
11%
2
23%
1
2%

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Frequently asked questions about Bulenox

What is Bulenox and what is it for?

Bulenox is a futures prop firm based in the USA, founded in 2021. It works as a prop firm: you pass their evaluation by trading CME futures (NQ, ES, MNQ, etc.) on platforms like NinjaTrader or R Trader, and upon passing you get an account funded with their capital.

You keep 100% of your first $10,000 profit and then 90% of additional profits. On the long-standing accounts payouts are weekly (Wednesdays) once you meet the 10 minimum trading days; on Momentum and Fast Track they are processed same day. It has 1,768 reviews on Trustpilot with 4.7/5.

Does Bulenox pay?

Yes, Bulenox pays. On the long-standing accounts, withdrawals are processed weekly (Wednesdays) after a minimum of 10 trading days, with a minimum of $1,000 per withdrawal and a 40% consistency rule. On Momentum and Fast Track they are processed same day if requested before 12:01 PM CT, with consistency of 35% and 20%→25%→30% respectively. Available methods: bank transfer, PayPal and Wise.

Profit split is 100% on the first $10,000 accumulated and then 90% on additional profits.

How much does a Bulenox 50K account cost?

It depends on the product. The $50,000 Qualification costs $175 as a one-time payment, valid for 30 days, plus the $148 activation fee when you move to sim funded. Momentum costs $143 and activates the Master account for free, so reaching funded is cheaper. Fast Track is $488 with no evaluation.

Current coupon: `ETFPROMO`, with a different discount depending on the product: -89% on Qualification Option 1 (Intraday), -75% on Qualification Option 2 (EOD). It's a campaign with an end date: always check the live one at `/discounts/bulenox`.

What is the difference between Bulenox Option 1 and Option 2?

Option 1 uses trailing drawdown intraday (moves in real time with the highest equity during the session) and has NO Daily Loss Limit. Drawdown $2,500 on $50,000 account.

Option 2 uses trailing EOD (close of day only) and does have Daily Loss Limit ($1,100 on 50K). Drawdown $2,500 on 50K.

For disciplined scalpers, Option 1 allows faster trading without DLL. For day traders with wide stops, Option 2 is more comfortable thanks to the EOD calculation.

How many Bulenox accounts can I have?

Up to 5 Master-level accounts at a time, counting the Masters from the long-standing accounts, the Momentum Masters and the Fast Tracks together. Since 17 August 2026 all five can be activated at once: you no longer have to wait for the drawdown on one of them to reach its starting balance before unlocking the next.

Qualification accounts are unlimited, and if you hit the cap of 5, any extra passes are queued until a slot frees up. Each account must individually comply with the rules (drawdown, profit target, minimum days) and its consistency rule.

Leo Basanta

Who analysed Bulenox

Leo Basanta

I trade NQ (Nasdaq-100) and ES (S&P 500) futures on micros, scalping and intraday on 1, 5 and 15 minute charts, since 2019.

I execute on NinjaTrader 8 and analyse on ATAS: my decisions come from Order Flow, Volume Profile, VWAP.

I trade live on camera with OBS Studio, Restream.io, RØDE PodMic USB, so you can watch the process as it happens.

I only write about firms I have taken through evaluation and traded live with my own money.