Bulenox, a proprietary trading firm, implements structured rules and regulations for secure and orderly trading. These guidelines facilitate a cooperative relationship between Bulenox and its traders, contributing to a beneficial trading environment for all participants. Adherence to these rules and regulations is essential for maintaining a safe and efficient trading experience.
Bulenox offers distinct trading rules for various account types, including the Qualification Account (evaluation) and the Master Account (funded account), with rules differing based on the chosen option – Option 1 or Option 2 – ensuring traders comply with tailored objectives for platform consistency and progress.
The essential trading rules at Bulenox consist of keeping the account balance within the Trailing Drawdown limits, trading for a minimum of 5 days, adhering to designated trading hours, respecting the daily loss limit, adhering to the maximum position size as per the Scaling Plan, and avoiding prohibited trading practices or instruments. The primary objective for traders is achieving the set profit target.
Bulenox also establishes specific rules for payouts and withdrawals. These encompass the modalities of profit distribution, restrictions on initial withdrawal amounts, the timing and frequency of withdrawal requests, and the minimum account balance necessary for such transactions.
This article offers an in-depth examination of Bulenox’s rules. It will thoroughly explore the key regulations regarding trading practices, account management, and the details of payouts and withdrawals.
What are Bulenox Qualification Account rules?
The Bulenox Qualification Account rules are a set of specific guidelines established by Bulenox for traders using their Qualification Account program, These rules vary depending on the chosen option in the Qualification Account, either Option 1 or Option 2. Bulenox implements these Qualification Account rules to ensure that traders demonstrate responsible trading practices and discipline, essential for advancing to the more opportunity-rich Master Account.
These rules establish 6 key trading parameters: the limits on Trailing Drawdown, the minimum number of trading days required, the daily loss limit, restrictions on position sizes as per the Scaling Plan, specified trading hours, and compliance with permitted trading instruments.
The following table provides a detailed comparison of the specific rules applicable to Option 1 and Option 2 in the Bulenox Qualification Account:
| Rules | Option 1 | Option 2 |
|---|---|---|
| Trailing Drawdown | Trailing drawdown follows the current balance, includes commission, and adjusts with profit. If the balance decreases, the allowable drawdown remains unchanged. | EOD is updated at the end of trading day, based on profit made. Adjusts with the account’s new high. |
| Trading Days | At least 5 trading days are required. | At least 5 trading days are required. |
| Daily Loss Limit | None | Set maximum loss per day, varies by account size. Suspension of account if limit is reached. |
| Position Sizes / Scaling Plan | None | EOD Scaling buying power is determined by Cash On Hand value. Adjusts with account profit. |
| Trading Time | 5:00 pm to 4:00 pm CST the next day. Holidays/weekends are not included. | 5:00 pm to 4:00 pm CST next day. Holidays/weekends not included. |
| Allowed Instruments | Futures instruments include Equity, Interest Rate, Currency, Agricultural, Energy, Metal, and Micro Futures. | Futures instruments include Equity, Interest Rate, Currency, Agricultural, Energy, Metal, and Micro Futures. |
1- Trailing Drawdown
Trailing Drawdown in the Bulenox Qualification Account refers to a risk management rule that sets a limit on the maximum allowable loss a trader can incur from their peak account balance during the trading period. This rule is designed to promote disciplined trading and effective risk management.
In Bulenox’s Qualification Account, traders have two options for managing drawdowns:
- Option 1: Trailing Drawdown): The trailing drawdown tracks the current balance, reflecting the trader’s profit, and is recorded in real-time, including commissions. The maximum drawdown dynamically adjusts to stay $3,000 below the highest account balance, allowing a maximum loss of $3,000 from the peak profit, including open positions. If exceeded, the account is blocked, but can be reset or a new account created.
- Option 2: EOD Drawdown: The trailing drawdown updates at each trading day’s end, reflecting that day’s profits. It adjusts when the account balance reaches a new high at the day’s end. This option tracks the end-of-day balance.
Both options are part of Bulenox’s risk control measures, guiding traders to manage their strategies effectively.
The table below shows the Trailing Drawdown value for each account size:
| Account size | Trailing Drawdown |
|---|---|
| $10K | $1,000 |
| $25K | $1,500 |
| $50K | $2,500 |
| $100K | $3,000 |
| $150K | $4,500 |
| $250K | $5,500 |
2- Trading Days
In Bulenox’s Qualification Account, the Trading Days rule necessitates that traders actively trade on at least five different days. These days do not include weekends and holidays, as they are not counted as trading days. There is no upper limit on the number of trading days a trader can engage in, providing flexibility in reaching their objectives. Each trading day is counted only when at least one trade is opened, allowing traders to decide on their level of daily trading activity.
3- Daily Loss Limit
The Daily Loss Limit in the Bulenox Qualification Account applies only to Option 2. This limit sets a cap on how much a trader can lose in a single day and varies according to the account size:
| Account size | Daily Loss Limit |
|---|---|
| $10K | $400 |
| $25K | $500 |
| $50K | $1,100 |
| $100K | $2,200 |
| $150K | $3,300 |
| $250K | $4,500 |
This limit encompasses the day’s profits and losses, including commissions and both realized and unrealized trades, calculated daily from 5:00 PM to 4:00 PM Central Time. If this limit is reached, trading is suspended for the rest of the day, but it’s not considered a rule violation. Trading resumes normally the next day.
4- Position Sizes / Scaling Plan
The Position Sizes / Scaling Plan rule in the Bulenox Qualification Account applies exclusively to Option 2, and not to Option 1. This scaling plan varies based on the account size and equity, detailing the maximum number of contracts a trader can hold.
This scaling plan is designed to align a trader’s buying power with their account balance, allowing for an increase in the number of contracts that can be traded as the balance grows. In contrast, Option 1 does not have a Position Sizes / Scaling Plan rule.
5- Trading Hours
In the Bulenox Qualification Account, trading hours are specifically defined for each trading day. Each trading day begins at 5:00 PM and concludes at 4:00 PM the following day, according to North American Central Standard Time (CST). Additionally, there is a mandatory requirement for all trading positions to be closed by 3:59 PM CST to ensure that the trading day is considered complete.
6- Allowed Instruments
The Allowed Instruments in the Bulenox Qualification Account refer to the specific futures instruments that traders are permitted to trade. These instruments cover a range of markets, including equity futures, interest rate futures, currency futures, agricultural futures, energy futures, metal futures, and micro futures.
What are Bulenox Qualification Account Objectives?
The Bulenox Qualification Account challenge has a main goal: traders must reach a profit target. This is necessary to move to the Master Account. Success in the challenge requires balancing profit-making and risk control. The profit target is key to showing trading skills and moving forward in Bulenox.
The table below shows the profit goal for each account size:
| Account size | Profit Goal |
|---|---|
| $10K | $1,000 |
| $25K | $1,500 |
| $50K | $3,000 |
| $100K | $6,000 |
| $150K | $9,000 |
| $250K | $15,000 |
what are Bulenox Master Account rules?
The Bulenox Master Account rules are a set of specific guidelines established by Bulenox for traders who have successfully completed the Qualification Account program and are ready to operate a Master Account. These rules are largely similar to those of the Qualification Account, with a few critical differences. The Master Account offers more opportunities and is designed for a long-term relationship with traders, providing a platform for earning and getting paid based on trading results.
The following table outlines the specific rules applicable to the Bulenox Master Account:
| Rules | Master Account Details |
|---|---|
| Trailing and EOD Drawdown | Trailing or EOD drawdown stops moving when it reaches the initial starting balance. |
| Trading Days | A minimum of 10 trading days is required to make a withdrawal. |
| Daily Loss Limit | The daily loss limit is removed after the maximum drawdown threshold reaches the account’s starting balance. applicable only for Option 2. |
| Position Sizes / Scaling Plan | Position sizes and scaling plans are the same as the Qualification Account, applicable only for Option 2. |
| Trading Time | 5:00 pm to 4:00 pm CST the next day. Holidays/weekends are not included. |
| Allowed Instruments | Futures instruments include Equity, Interest Rate, Currency, Agricultural, Energy, Metal, and Micro Futures. |
What are Bulenox Master Account objectives?
Bulenox Master Account objectives refer to the specific goals and requirements set by Bulenox for traders using their Master Account to make their first withdrawal. These objectives include:
- Minimum Trading Days: A requirement for traders to complete a certain number of trading days (at least ten) before they are eligible to request a withdrawal of funds.
- Withdrawal Safety Threshold Reserve: A rule stating that traders must maintain a minimum balance in their account to be eligible for withdrawal. This minimum balance requirement varies based on the size of the account, ranging from $1,100 to $5,600.
Does Bulenox have a consistency rule?
No. Bulenox’s approach to trading frequency in its Master Account does not include any consistency rule.
what are Bulenox withdrawal/payout rules?
Bulenox’s withdrawal and payout rules refer to the specific guidelines and procedures established by Bulenox for traders using their platform to withdraw their earnings from their trading accounts.
Bulenox’s withdrawal and payout rules for Master Accounts are as follows:
- Initial Earnings Withdrawal: The first $10,000 earned can be withdrawn to the trader’s bank account without any commission.
- Subsequent Earnings: After the initial $10,000 withdrawal, a 10% commission is charged by the company on further profits. The trader receives the remaining 90% of the profit.
- Commission Charges: The commission is charged at the time of transferring funds to a personal bank account.
- Payout Requests: Payouts can be requested at any time during the calendar month. All payouts are processed once a week, on Wednesdays.
- Eligibility for Payouts: A payout request can be processed after the trader has completed at least ten or more individual trading days.
- Minimum and Maximum Withdrawal Limits: The minimum withdrawal for 1-3 payments is $1,000 (for a $10,000 account, the minimum withdrawal is $500). The maximum withdrawal amount varies based on the account size:
- $10,000 account: $750
- $25,000 account: $1,000
- $50,000 account: $1,500
- $100,000 account: $1,750
- $150,000 account: $2,000
- $250,000 account: $2,500
- Withdrawal Safety Threshold Reserve: This is the minimum amount required to remain in the trader’s account to be able to withdraw.
- $10,000 account: $1,100
- $25,000 account: $1,600
- $50,000 account: $2,600
- $100,000 account: $3,100
- $150,000 account: $4,600
- $250,000 account: $5,600
- Withdrawal Upon Termination: Traders are entitled to withdraw the safety threshold reserve upon the termination of the Master Agreement.
- Withdrawal Methods: Withdrawal requests can be made via ACH/Wire Transfer, PayPal, or Zelle.
- Tax Documentation: A tax form is sent to traders when requesting a withdrawal. This is to ensure tax compliance with the earnings from the Master Account.
Is Bulenox a Regulated Company?
Bulenox, in Wilmington, Delaware, is a prop trading firm not regulated by major financial authorities. It uses its capital, giving traders virtual accounts for futures trading. This method excludes Bulenox from regulations typical for firms managing real client funds. Bulenox’s program focuses on trader skills using virtual accounts. It prioritizes trader growth and risk management but lacks regulatory oversight like firms with real client investments.
Is Bulenox a legit Company?
Bulenox, a proprietary trading firm established in 2022 in Wilmington, Delaware, appears legitimate. The firm has garnered positive feedback, with more than 320 day-traders endorsing its legitimacy on Trustpilot and a 4.7 out of 5 stars rating. Traders appreciate Bulenox for its efficient and reliable payout system, responsive customer service, and user-friendly trading experience. The firm offers various account options, flexible trading rules, and unique trading opportunities like Micro Bitcoin, although it has limitations on withdrawals initially. While there is a lack of information about the founders, the overall customer response and operational transparency suggest that Bulenox is a trustworthy entity in the trading industry. Read our detailed review of Bulenox’s legitimacy.
