Bulenox gives its 50K end-of-day account a wider $2,500 drawdown, has no consistency rule in the Qualification and allows news trading with no blackout window, for $175 one-time. Apex keeps the 50K drawdown at $2,000 and pays 100% of approved payouts on its performance accounts. It also adds a 50% consistency rule once you are funded and closes each performance account after six payouts. Apex's current evaluation prices were not shown on its site when we checked.
Bulenox vs Apex Trader Funding
| Bulenox | Apex Trader Funding | |
|---|---|---|
| Market | Futures | Futures |
| Main 50K plan | $175 | — |
| Profit target (50K) | $3,000 | $3,000 |
| Max loss (50K) | $2,500 | $2,000 |
| Drawdown | Depends on plan | Depends on plan |
| Consistency rule | None | Funded only |
| Profit split | — | 100% of payouts |
| Payouts | — | After 5 qualifying days |
| News trading | Allowed (homepage: CPI, FOMC, NFP, no blackout windows) | Allowed, with restrictions: trading during news is allowed as part of a normal strategy; placing orders on both sides to gamble on the outcome or 'chasing the market' is prohibited |
| Bots and EAs | Restricted: Terms of Use prohibit scalping algorithms, the DTC Protocol Bridge API, automated discretionary trading and very large numbers of rapid trades; third-party algorithms need Bulenox management approval | Not allowed: Prohibited Activities states automation and algorithm usage is not allowed; high-frequency trading is prohibited |
| US traders | — | Yes |
| Platforms | Rithmic (data/connection, R | Trader Pro required), NinjaTrader, Quantower, Sierra Chart, MultiCharts, ATAS, Bookmap, Tiger.Trade, Optimus Flow, Photon Trader, MotiveWave, OverCharts, Trade Navigator, QST, Inside Edge, Investor/RT, Medved Trader, QScalp, ScalpTool, TSLab, VolFix | Rithmic, Tradovate, WealthCharts, NinjaTrader (via Rithmic or Tradovate) |
| Public code | BULENOX | SAVENOW |
Which to pick
Pick Bulenox if you want more room on a 50K account and trade around news releases. Pick Apex if you want to keep all of each approved payout and do not mind its funded consistency rule and six-payout limit per account. Neither firm lets you hold positions overnight. Apex does not allow automated trading at all. Bulenox needs management approval for third-party algorithms.
Getting to a live account
Both decide at their discretion. Bulenox may consider traders for a live account after three successful payouts. Apex says it may move a trader to live at any time, and lists three consecutive withdrawals from one account as one guideline.