Bulenox Withdrawals Policy: Your Ultimate Guide

Bulenox logo
Get 40% off LIFETIME !!!. Use promo code: TF40

The process of withdrawals and payouts at Bulenox is quite straightforward to understand. This article will shed light on how the process works including the minimum and maximum withdrawal amount, the time of the month as well as how to receive your withdrawals. 

Generally, traders can withdraw profits after the first few weeks of trading at Bulenox but there is usually a limit on the amount. However, after the fourth month, the limit is removed and you can withdraw as much as possible once you have the funds in your account.

Is there Anyone Withdrawing Money from Bulenox?

Yes, people are withdrawing money from Bulenox with Trustpilot and Facebook reviews showing evidence of this. The reviews are proof of the firm’s commitment to ensuring that traders have access to their profits on time. 

Some of the reviews talk about how fast the process works at Bulenox. As long as you have the proper amount of funds in your account and your withdrawal request is not over the limit, nothing will stop your withdrawal request. 

What is the Profit Split at Bulenox?

In terms of the profit split at Bulenox, the first $10,000 earned in profits belongs fully to the trader. As a result, the firm does not charge any commission when the withdrawal is made to the trader’s bank account. 

The next $40,000 in profits comes with a commission. 20% of the profits belong to the firm while the remaining 80% belongs to the trader. By now, you will have withdrawn a total of $50,000 in profits. After that, The commission charged by the firm is reduced from 20% to 10% while the trader’s share of the profit increases from 80% to 90%. 

So, The profit split goes from 100% to 80:20 and then finally settles at 90:10. The firm always takes the lesser percentage of the profits earned by the trader. The commission is deducted while the funds are being transferred to a personal bank account.

When can I Withdraw Profits on Bulenox?

What time during the month?

Traders can request withdrawals anytime during a specific calendar month. The first and sixteenth day of each month is when all payments are processed at Bulenox. Traders should be aware of this so that they can know when to expect to see the funds in their accounts. 

After how many trading days?

For the first payout, the trader is expected to have traded for a minimum of 20 trading days or more before a request can be made for withdrawal. For the second and third payments, withdrawals can be requested after trading has been done for a minimum of 12 individual trading days after the last withdrawal made by the trader. For the fourth payment and further payments, there are no minimum trading days required which means withdrawals can be requested anytime. 

This means the first, second, and third payments have a minimum number of trading days to make a withdrawal request. But the fourth and subsequent payments do not have that requirement.

The withdrawal safety threshold reserve limits explained

The withdrawal safety threshold reserve refers to the minimum amount that must be maintained in the trader’s account before he/she is allowed to make a withdrawal. Below is the list of the corresponding value of the withdrawal safety threshold reserve limit for each account size offered by Bulenox:

$10K Account – $1,100

$25K Account – $1,600

$50K Account – $2,600

$100K Account – $3,100

$150K Account – $4,600

$250K Account – $5,600

Subject to the provisions of the Master Agreement, traders have the right to withdraw the safety threshold reserve once the Master Agreement has been terminated. 

Is there a Minimum & Maximum Withdrawal of My Profits?

There is a minimum and maximum withdrawal amount for the profits earned by a trader. For the first three payments, the minimum withdrawal is $1,000 for all accounts and $500 for the $10k account, while the maximum withdrawal amount is determined by the account size selected by the trader. Below is a list showing the minimum and maximum withdrawal amount for each account size:

Account SizeMin WithdrawalMax Withdrawal
$10K Account$500$750
$25K Account$1,000$1,000
$50K Account$1,000$1,500
$100K Account$1,000$1,750
$150K Account$1,000$2,000
$250K Account$1,000$2,500
Minimum and maximum withdrawal amount for each account size at Bulenox

Where can I receive withdrawals?

Withdrawals can be requested at Bulenox through any of the following methods: ACH/Wire Transfer, Payoneer, Zelle, and PayPal.

Bulenox and Income Taxes

When a trader requests a withdrawal, a tax form is simultaneously sent to pay taxes to an address that has been made available on the personal file. Traders trading and receiving payment on the Master Account are categorized as independent contractors. So, if they are citizens of the United States of America, they will be mailed a form known as 1099-Misc Non-Employee Compensation. But if they are foreign citizens, they will be getting a W-8BEN form. 

Bulenox Advanced Trading and Custom Trading Accounts

The Master Account is meant for advanced training and payment is done based on performance. Traders that show consistent results that tend to a long-term relationship are likely to receive a unique offer from the capital partners of Bulenox. However, this offer is on an individual basis which is why the terms and conditions are discussed with each trader individually. The trader can decide to either continue trading on the Master Account or get transferred to an account with the partners of Bulenox.

Summary

Bulenox runs an efficient withdrawal process along with a generous profit split that is one of the best in the industry. Bulenox focuses on building long-term relationships with futures traders which is why the firm sets up a structure that boosts a trader’s chances of success. 

So, if you are a futures trader and are looking for a prop firm where you can win a funded account, Bulenox might be worth checking out. The rules are not complicated and once you start trading in the funded account, you can be sure of withdrawing your profits. Ensure that you are aware of the rules and do not ignore income taxes once you start withdrawing profits. I wish you success on your journey to becoming a funded trader at a solid and reputable prop firm like Bulenox. 

Bulenox logo
Get 40% off LIFETIME !!!. Use promo code: TF40

Read also