Given the current volatility in markets corresponding with a global slowdown in factory production, this is a great time to start your trading account and capitalize on arbitrage and market fluctuations. But in order to do that, you will need a top prop trading firm- and you might have just found the right one. We present a comprehensive Bulenox review, aiming to give you a thorough understanding of what this prop trading firm offers. Let’s dive in!
Bulenox is a proprietary (prop) trading firm, stationed in Wilmington, Delaware, United States. This innovative company is pioneering the trading industry by creating an “Ecosystem of Trader Development”. In this ecosystem, Bulenox offers financial support and furnishes an array of crucial tools for talented traders, fostering their transformation from trading enthusiasts into established professionals. In essence, the company aims to help the trader leverage prop trading for financial growth and turn the trader’s passion into a sustainable, mutually beneficial venture.
A salient feature of Bulenox is its flexibility in trading and account sizes. The firm enables traders to trade all CME (CME, CBOT, NYMEX, COMEX) Futures assets, including the micros, which encompasses Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy Futures, Interest Rate Futures, and Metals Futures. Account sizes range from $25,000 to $250,000, allowing traders to choose a program that best suits their trading strategy and financial potential. The cost for these accounts starts at $145 per month for the smallest account, extending up to $535 per month for the largest account.
Bulenox offers two types of accounts – Qualification Account and Master Account.
To commence this venture, a trader is required to go through the “Qualification Account” stage. This stage is an evaluation period where the trader’s skill, discipline, responsibility, and practical experience are assessed. It involves the trader registering a personal account, choosing an account size, starting to trade on a qualification account, and following the firm’s rules to display effective results. According to user testimonials, Bulenox offers a clear, easy-to-understand evaluation process, and traders who meet the set criteria and pass the assessment can move on to the “Master Account” stage
Bulenox acknowledges the importance of capital in making the right trading decisions. Therefore, the company provides traders with significant financial support and expert supervision through the “Master Account”. In this stage, traders receive their first $10,000 without any commissions and can earn up to 90% of their profits, all while being able to use the trading terminal for free. Traders get to trade their own plans from day one, fostering a mutually beneficial relationship that promotes both personal and financial growth.
Payouts are an important aspect of the Bulenox system. Traders can request payouts at any time during the calendar month, and these requests are processed weekly on Wednesdays. According to user reviews, the payout process is simple and fast, allowing traders with multiple accounts to receive weekly payouts on different accounts.
Bulenox follows specific rules to ensure the sustainable development of its traders. An essential rule is the requirement for a trader to trade for at least five days before progressing to the Master Account. This rule is in place to assess and ensure the trader’s consistency and ability to handle different market situations. The Master Account, which offers full support and expert supervision, allows traders to realize their full potential. It also provides traders with their first $10,000 without commissions, the opportunity to earn up to 90% of their profits, and free use of the trading terminal.
A significant aspect of Bulenox’s trading rules is the management of positions and drawdowns. They permit multiple simultaneous positions, but the size of these positions is determined by the selected account type.
Also, they stipulate that all positions must be closed by 3:59 PM (CST). This is to prevent larger-than-expected losses due to market gaps or volatility changes. In addition to this, traders must be vigilant about their maximum drawdown, a measure of the maximum loss from a peak to a trough of a portfolio, before a new peak is attained.
It’s crucial for prospective traders to understand how to become a prop trader by meeting the rules and expectations of the firm before participating in its funded programs. This will ensure they are fully prepared for the trading journey and maximize their chances of success.
Bulenox enjoys an ‘Excellent’ rating on Trustpilot, with a score of 4.8 out of 5. Many users have shared their positive experiences with Bulenox, praising the reliability, ease of understanding, and prompt payouts.
The realm of proprietary trading can be complex. Choosing a trading partner like Bulenox can be a game-changer for both novice and seasoned traders alike. Our Bulenox review finds this platform to be a promising choice for those seeking to embark on or elevate their trading journey.