Bulenox Rules: What Traders Need to Know
9 min read
Understanding Bulenox rules before you start trading can save you from blown evaluations and delayed payouts. The firm offers two account options with different drawdown types. One also includes a scaling plan and daily loss limit. This guide breaks down every rule across both options, from qualification through funded account.
Bulenox Evaluation Overview
Bulenox is a futures prop firm that uses a two-stage structure: a Qualification Account (the evaluation) followed by a Master Account (sim-funded). Traders who perform well on the Master Account can eventually move to a Funded Account with real capital.
Bulenox offers five account sizes: $25K, $50K, $100K, $150K, and $250K. Each account gives you two options:
Option 1: No Scaling Account uses a real-time trailing drawdown with full contract access from day one.
Option 2: EOD Account uses an end-of-day drawdown with a dynamic scaling plan and a daily loss limit.
Both options share the same drawdown amounts. The difference is how the drawdown is calculated and whether you face contract scaling or a daily loss limit.
If you violate the drawdown during the Qualification Account, you can reset the account for a fee. Resets are not available on the Master Account.
The firm connects through Rithmic and supports NinjaTrader along with a wide range of other Rithmic-compatible platforms.
Option 1: No Scaling Account (Trailing Drawdown)
Option 1 gives you access to the full contract limit for your account size from the start. The tradeoff is a real-time trailing drawdown.
Account Size | Max Contracts | Profit Target | Trailing Drawdown |
|---|---|---|---|
$25,000 | 3 | $1,500 | $1,500 |
$50,000 | 7 | $3,000 | $2,500 |
$100,000 | 12 | $6,000 | $3,000 |
$150,000 | 15 | $9,000 | $4,500 |
$250,000 | 25 | $15,000 | $5,500 |
To pass the evaluation, hit the profit target for your account size without violating the drawdown. There's no minimum number of trading days. Once you reach the target with at least one trading day completed, your account is automatically sent for review and you'll move to a Master Account.
How Trailing Drawdown Works
The trailing drawdown follows your account's highest balance in real time, including unrealized gains and commissions. If your account reaches a new high watermark at any point during the trading day, the drawdown floor moves up with it. If your balance drops, the floor stays where it is.
Here's an example on a $100K account with a $3,000 drawdown. Your starting floor is $97,000. Say you open a trade and your balance reaches $100,800. The floor moves up to $97,800. If the trade pulls back and you close at $100,500, the floor stays at $97,800. The floor will always trail $3,000 below your highest balance.
This is the same mechanic on both the Qualification and Master Account. The one difference: on the Master Account, the trailing drawdown stops moving once it reaches the initial starting balance plus $100. So on a $100K account, the floor locks at $100,100. After that, you're trading with a fixed drawdown.
If the drawdown is violated, the Qualification Account is blocked (reset available). On the Master Account, the account is closed.
Option 2: EOD Account (End-of-Day Drawdown, Scaling, and Daily Loss Limit)
Option 2 calculates drawdown only at the end of the trading day and adds two extra rules: a dynamic scaling plan and a daily loss limit.
Account Size | Scaling Contracts | EOD Drawdown | Daily Loss Limit |
|---|---|---|---|
$25,000 | 2 to 3 | $1,500 | $500 |
$50,000 | 2 to 7 | $2,500 | $1,100 |
$100,000 | 3 to 12 | $3,000 | $2,200 |
$150,000 | 5 to 15 | $4,500 | $3,300 |
$250,000 | 6 to 25 | $5,500 | $4,500 |
As your profit grows, you unlock more contracts. Here's how the scaling plan works on the $100K account:
Account Profit | Max Contracts |
|---|---|
$0 to $2,000 | 3 |
$2,001 to $3,000 | 5 |
$3,001 to $5,000 | 8 |
$5,001+ | 12 |
Scaling tiers for all account sizes are listed in the Bulenox Help Center.
How EOD Drawdown Works
The EOD drawdown updates based on your account balance at market close, not in real time. It only moves when your end-of-day balance reaches a new high. If your balance drops, the floor stays where it is.
On the Master Account, the EOD drawdown stops moving once it reaches the initial starting balance plus $100.
Daily Loss Limit
The daily loss limit is the maximum you can lose in a single trading day. This is tracked in real time (including unrealized P&L and commissions) from 5:00 PM to 4:00 PM CT. The limits per account size are shown in the table above.
If you hit the daily loss limit, your account is suspended for the rest of the trading day. This does not count as a rule violation. Trading resumes the next session.
On the Master Account, the daily loss limit is removed once your maximum drawdown threshold reaches the account's starting balance. For example, at $103,000 on a $100,000 account.
If the EOD drawdown is violated, the Qualification Account is blocked (reset available). On the Master Account, the account is closed.
To pass the Option 2 evaluation, work through the scaling tiers for your account size without violating the EOD drawdown or the daily loss limit. There's no minimum number of trading days. Once the evaluation is complete, your account is automatically sent for review and you'll move to a Master Account.
Bulenox Master Account: Payout Rules and Profit Split
Once you pass the Qualification Account (with at least one trading day completed), your account is automatically sent for review. After approval, you'll receive a contract and instructions to activate the Master Account. Both Option 1 and Option 2 require a one-time activation fee based on account size.
On the Master Account, the same drawdown type and amounts from your Qualification Account apply. The key difference is that the trailing drawdown (Option 1) or EOD drawdown (Option 2) stops moving once it reaches the initial starting balance plus $100. The daily loss limit (Option 2 only) is also removed once the maximum drawdown threshold reaches the account's starting balance. There is no profit target, and there are no resets. If you violate the drawdown, the account is closed.
Profit Split
The first $10,000 you earn goes to you with no commission. After that, the split is 90% to you and 10% to Bulenox. The commission is charged at the time of each withdrawal.
That 100% on the first $10K is one of the more generous structures in the futures prop firm space. To see how Bulenox's profit split compares to other firms, check out the full prop firm comparison.
Consistency Rule
Bulenox applies a 40% consistency rule to every payout. When you submit a withdrawal request, no single trading day can account for more than 40% of your total profit balance.
The formula: (Best Day P&L / Total P&L) × 100. If the result is above 40%, the payout cannot be processed.
For example, if your total profit is $20,000 and your best day was $9,000, that's 45%, so the withdrawal would be denied. You'd need to keep trading until your best day represents 40% or less of total profit.
One detail to watch: the safety threshold is counted toward the 40% rule for the first withdrawal. So your effective "total P&L" for the consistency calculation includes the safety threshold amount on that initial payout.
Failing the consistency rule does not violate or close your account. You simply continue trading until the numbers line up.
Withdrawal Rules
Payouts can be requested anytime during the calendar month and are processed on Wednesdays. You must complete at least 10 individual trading days before requesting your first payout.
The minimum withdrawal is $1,000. For the first three payouts, a maximum withdrawal limit applies:
Account Size | Max Withdrawal (First 3 Payouts) |
|---|---|
$25,000 | $1,000 |
$50,000 | $1,500 |
$100,000 | $1,750 |
$150,000 | $2,000 |
$250,000 | $2,500 |
After the third payout, there is no maximum withdrawal limit.
Withdrawal Safety Threshold
Each account has a safety threshold reserve, which is the minimum balance that must remain in your account to be eligible for a withdrawal:
Account Size | Safety Threshold |
|---|---|
$25,000 | $1,600 |
$50,000 | $2,600 |
$100,000 | $3,100 |
$150,000 | $4,600 |
$250,000 | $5,600 |
Notice these are slightly above the drawdown amounts. That means you can't withdraw your account all the way down to the drawdown floor. You need to keep a buffer.
Path to Funded Account
After completing three successful payouts on the Master Account, Bulenox's risk management department may transition you to a Funded Account where you trade with real capital.
All active Master Accounts are consolidated into a single Funded Account at that point. Any Master Accounts that haven't been activated yet stay in pending status.
On the Funded Account, payout requests require at least 5 completed trading days (counted once the market closes).
Each Funded Account has a balance cap:
Account Size | Balance Cap |
|---|---|
$25,000 | $2,500 |
$50,000 | $5,000 |
$100,000 | $10,000 |
$150,000 | $15,000 |
$250,000 | $25,000 |
One rule to be aware of: if you decline the transition to a Funded Account, your Master Account is closed and no payout is issued. This is worth planning for before you reach your third payout.
Trading Hours, Instruments, and Other Bulenox Rules
Trading Hours
The Bulenox trading day runs from 5:00 PM to 4:00 PM CT (the next calendar day). All positions must be closed by 3:59 PM CT. Weekends and holidays do not count as trading days.
Instruments
Bulenox supports futures across equities, currencies, energy, metals, and agriculture, including popular contracts like ES, NQ, CL, and GC. You can trade both standard and micro contracts simultaneously.
Resets
If you violate the drawdown on a Qualification Account, you can reset the account to start fresh. A free reset is available on your billing date if the violation happened before then, and your completed trading days carry over. Off-cycle resets are available for a fee, but previous trading days will not count. The reset only updates your balance; it does not change your subscription expiration date.
Algorithms and Trade Copiers
Bulenox does not prohibit the use of algorithms, bots, or trade copiers. However, they are not responsible for any technical issues caused by third-party software.
Multiple Accounts
You can hold unlimited Qualification Accounts and up to 11 Master Accounts. All accounts must be under the same Rithmic User ID. Only one Bulenox login is allowed per trader, and registering multiple logins can result in account deletion without a refund.
Up to three Master Accounts can be active at the same time. To activate the next one, the most recently activated account's drawdown must have reached the initial starting balance. Multiple Master Accounts cannot be combined.
Tanto auto-syncs trades from NinjaTrader and Rithmic, so you can view all of your accounts and trades in one place in real time.
Bottom Line
Bulenox rules are straightforward once you understand the split between Option 1 (trailing drawdown, full contracts) and Option 2 (EOD drawdown, scaling, daily loss limit). The choice between them comes down to your trading style: Option 1 rewards traders who can manage real-time risk, while Option 2 gives more room during the day at the cost of contract limits. Pay close attention to the 40% consistency rule and safety threshold on the Master Account, since those are the most common surprises at payout time. For the latest details, check the Bulenox Help Center.
Last updated: April 6, 2026