Bulenox Review ?

When starting a financial trading career, allocating proper amounts of trading capital is both critically important and difficult at the same time. Not every trader has enough capital to start trading and make reasonable profits which are enough to trade for a living. This is where prop trading comes into play and offers traders funded accounts with considerable capital. Bulenox is a futures prop trading firm offering futures on Forex, cryptos, commodities, and indices.

In this review of Bulenox, we are going to assess the firm’s most important features such as safety, assets, accounts, support, platforms, and more. After reading this review, traders will know if they can trust Bulenox prop firm and if the firm offers attractive trading conditions and fees.

?️Safety & Security of Bulenox

Safety is the number one priority of financial traders when they are selecting the prop firm. Bulenox was launched in 2022 giving it some mediocre experience in the prop trading industry. While not enough, more than 2 years of experience gives the firm some legitimacy as it has been around for some time now, lowering the risks of it being a scam.

In another critical safety factor which is trader reviews and feedback, Bulenox has positive coverage. On the Trustpilot platform, Bulenox has around 500 reviews, where only 4% are 1-star reviews, giving the firm a 4.6 score, which is sufficient.

As for the brokers that back Bulenox prop trading, the firm is associated with several regulated brokers and offers advanced futures trading platforms which is always a positive sign.

Overall, Bulenox seems a relatively safe prop firm that can be used for futures trading, but we recommend traders read all the rules and requirements carefully so as not to miss something important, to avoid getting disqualified.

? Available Assets on Bulenox

Trading asset diversity is critical in prop trading as different traders might prefer different sets of instruments. Bulenox lacks asset diversity as the firm is focused on futures trading and offers traders the opportunity to speculate on many different assets in the form of futures.

Bulenox allows traders to speculate on Futures on Forex, cryptos, commodities, and indices.

There are no other asset classes offered, only futures, which is a disadvantage for the firm.

Overall, despite only offering futures, Bulenox allows traders to access these futures for many assets. Some of the instruments include MES (Micro S&P), MNQ (Micro Nasdaq), M2K (Micro Russel), and MYM (Micro Dow).

?️ Bulenox Account Types

Account types are where traders select suitable conditions for their trading style and strategy. Diversity in funded account challenges is very crucial for prop firms to attract many experienced traders from different styles and form a long-term mutually beneficial relationship.

Bulenox offers traders several types of funded account challenges. These accounts are sorted into different tiers and traders can select which funding options they want. Each of the funded options has slightly different rules with different profit target amounts and risk limit rules.

? Bulenox offers one funded account type with diverse funding options of 10k, 25k, 50k, 100k, 150k, and 250k USD. 10k USD accounts have a maximum of 5 m-contracts position limit, a profit target of 1,000 USD, and a maximum drawdown of up to 1,000 USD as well. The first 10k profit withdrawals come with a 100% profit-sharing percentage.

? Bulenox 25k futures accounts have a maximum of 3 contracts limit, 1,500 USD profit target, and also 1,500 USD maximum drawdown limits. 50k funded futures challenge comes with a maximum of 7 contract limits, a 3k USD profit target, and a 2.5k maximum drawdown.

? Bulenox 100k futures funded challenge has a maximum of 12 contract limits, 6k profit target, and 3k maximum drawdown rules. The 150k account has also a maximum of 15 contracts, a 9k USD profit target, and 4.5k USD drawdown rules.

? Bulenox 250k USD futures funded account has a maximum contracts limit of 25, 15k USD profit target, and 5.5k USD drawdown limits.

The profit sharing is 90% after the first 10k USD withdrawal which is 100%.

There is also a Bulenox 10k USD micro account that has a 400 USD daily risk limit, 1k profit target, and 1k drawdown. This account allows up to 5 micro contracts and traders can hold positions overnight but not over the weekends.

Overall, Bulenox tries to offer diverse funded accounts for both beginners and seasoned futures traders and has competitive specs. However, it fails to offer diversified account types to attract traders with diverse trading styles.

? Pricing on Bulenox

Pricing is crucial for prop traders to access funded accounts cheaply and try again if they fail the challenge. Bulenox does not have competitive monthly subscription fees on its accounts and other prop firms offer even lower prices. The lowest monthly fee with a discount currently is a 10k USD funded challenge which will cost traders 115 USD per month. To compare each of the funded option fees from Bulenox more clearly with other firms let’s consider each of them.

? Bulenox offers several funded account options but has expensive fees:

• Funded amount: 10k USD – monthly subscription fee: 115 USD
• 25k USD – 145 USD
• 50k USD – 125 USD with a discount (175 USD)
• 100k USD – 155 USD with a discount (was 215)
• 150k USD – 325 per month
• 250k USD – 535 USD per month

Overall, Bulenox fees are expensive because there are other reliable firms with much lower monthly fees for funded accounts. However, the firm is transparent about all of its fees and commissions which is always a sign of legitimacy.

? Platforms and Mobile Trading on Bulenox

Bullenox offers an advanced futures trading platform, NinjaTrader. This platform is suited to futures trading and offers needed features to fully analyze markets and manage trading positions comprehensively.

Bulenox mobile trading is also possible and available for all devices including iOS and Android devices. The firm enables traders to analyze and trade futures markets on the go which is a welcomed offering.

? Education and research tools offered by Bulenox

There are no educational resources at the moment offered by Bulenox, but the firm offers a trading blog with live market updates and a comprehensive help center. These resources can help traders stay ahead of the curve and make informed trading decisions by knowing important trends and dynamics in the futures markets. However, the blog is not a replacement for educational resources and we hope the firm addresses this issue very soon. There are tools in a trader dashboard, that enable traders to analyze their performance.

? Customer Support on Bulenox

Bulenox has a live chat during the working hours of the week. Despite this limit, traders can still get help during trading hours which is very useful. There is also an email support option offered and both website and support are available in more than three languages. Bulenox lacks phone support which is a downside.

Overall, the firm offers a decent support experience but live chat which is very important in prop trading.

❓ FAQ on Bulenox