Bulenox review

Fast Track Option 1: what changes when you pass

There is no evaluation and therefore no pass event: 'Fast Track skips the qualification stage completely. There is a one-time fee. Start trading in a simulated funded environment from day one - no profit target, no minimum trading days, payout requests processed the same day.' The rule changes that do occur are staged by payout number rather than by passing: the consistency ceiling tightens from 20% for the first payout to 25% for the second and 30% from the third onward; the payout cap rises from $1,000 for payouts 1-3 to $1,250 from payout 4; and the $1,500 first-payout profit goal is replaced by a $1,000 new-profit goal per cycle thereafter. The one later transition is to a real-capital Funded Account: 'After at least three payouts you may be reviewed for transition to a live Funded Account. The transition is not automatic' (the FAQ adds a 30-trading-day requirement), and on transition this account's profit contribution is capped at $2,500, with a $30,000 total transition cap across all accounts and any excess excluded and not withdrawable.

After payout: 'A new cycle starts with the next trade after an approved payout.' The drawdown itself is not reset by a payout - it follows the balance upward and 'then stops for good once it reaches the starting balance plus $100. From that point it is a fixed floor and no longer moves.' 'A payout may not bring the balance to or below the drawdown threshold.' The $1,500 first-payout goal stays in the account as a buffer: after a $1,000 payout the balance returns to $26,500 and a new cycle begins. Profit kept from an earlier cycle stays in the account but does not count toward the new $1,000 goal.

Fast Track Option 2: what changes when you pass

No evaluation and no pass event - Fast Track starts in a simulated funded environment from day one with no profit target and no minimum trading days. Rules change by payout number: consistency tightens 20% / 25% / 30% across payouts 1, 2 and 3+; the payout cap rises from $1,000 for payouts 1-3 to $1,250 from payout 4; and the $1,500 first-payout goal becomes a $1,000 new-profit goal per cycle. Unlike Qualification Option 2, this size carries no daily loss limit at all, and Fast Track Option 2 'has no scaling plan'. Transition to a real-capital Funded Account needs at least three payouts plus (per the FAQ) 30 trading days and is discretionary; this account may contribute at most $2,500 of profit within a $30,000 total cap, with any excess excluded and not withdrawable.

After payout: 'A new cycle starts with the next trade after an approved payout.' The EOD drawdown is not reset by a payout - it follows the balance upward and 'then stops for good once it reaches the starting balance plus $100. From that point it is a fixed floor and no longer moves.' 'A payout may not bring the balance to or below the drawdown threshold.' The $1,500 first-payout goal stays in the account as a buffer: after a $1,000 payout the balance returns to $26,500 and a new cycle begins.

Momentum Option 1: what changes when you pass

The one-time fee covers both stages: 'Activated free of charge as soon as your Momentum account is approved. No activation fee, no monthly fee.' What changes on passing: (1) the 30-calendar-day qualification window ends - 'Momentum qualification is valid for 30 calendar days from activation' applies to the qualification stage only, and Bulenox publishes no time limit on the Momentum Master; (2) 'Qualification profits do not carry over - your Momentum Master starts at its stated balance', so the $1,500 target you just made is wiped; (3) a 35% consistency rule appears (there is explicitly none during the Momentum qualification) - 'Your best trading day may not exceed 35% of the net profit of the payout cycle. Missing it is not a breach - keep trading until the percentage comes into line'; (4) payout gates appear: at least five qualifying profitable days per cycle, each a completed trading day with net profit after commissions of at least $100, a minimum account balance of $26,500 and a minimum request of $500; the five days do not have to be consecutive, and 'A smaller profitable day still counts toward your profit, just not toward the five-day requirement'; (5) payouts are capped by payout number - $1,000 on this size for every payout, and 'The fourth-tier cap stays in place for all later payouts', so the cap never lifts (unlike a classic Master, which uncaps after three payouts); (6) after three successful payouts the account may be considered, at Bulenox's discretion, for a real-capital Funded Account, contributing at most $2,500 within a $30,000 total transition cap.

After payout: Bulenox does not publish a separate drawdown-after-payout rule for Momentum. What is published: 'A new cycle starts after each approved payout', and every cycle requires the account to be at or above the minimum payout balance of $26,500, so a payout cannot take the balance below that level - it functions as a permanent floor. The payout cap steps up by payout number and, unlike the classic Master Account, never lifts.

A day counts toward payout eligibility at $100+ profit.

Momentum Option 2: what changes when you pass

The one-time fee covers both stages - the Momentum Master is 'Activated free of charge as soon as your Momentum account is approved. No activation fee, no monthly fee.' Changes on passing: (1) the 30-calendar-day qualification window ends - 'Momentum qualification is valid for 30 calendar days from activation' applies to the qualification stage only, and no time limit is published for the Momentum Master; (2) 'Qualification profits do not carry over - your Momentum Master starts at its stated balance'; (3) a 35% consistency rule appears where the evaluation explicitly had none, and missing it blocks the payout rather than breaching the account; (4) payout gates appear: at least five qualifying profitable days per cycle at >= $100 net after commissions each (not required to be consecutive), a minimum account balance of $26,500 and a $500 minimum request; (5) the payout cap is $1,000 at every payout number on this size and 'The fourth-tier cap stays in place for all later payouts', so it never lifts; (6) after three successful payouts the account may be considered, at Bulenox's discretion, for a real-capital Funded Account, contributing at most $2,500 within a $30,000 total transition cap. Bulenox does not publish whether the $600 daily loss limit is lifted on the Momentum Master.

After payout: Not published separately for Momentum. What is published: 'A new cycle starts after each approved payout', and every cycle requires the account to be at or above the minimum payout balance of $26,500, so a payout cannot take the balance below that level. The payout cap steps up by payout number and never lifts.

A day counts toward payout eligibility at $100+ profit.

Qualification Option 1: what changes when you pass

Passing does not open the Master Account automatically: 'Reaching the profit target does not automatically open a Master Account. Your Qualification Account must first be reviewed.' After approval the Qualification Account closes and these rules change: (1) a one-time activation fee of $143 becomes payable on a link valid 7 days; (2) the real-time trailing drawdown stops moving and 'becomes permanently fixed when it reaches starting balance + $100' - it locks at $25,100 once account value reaches $26,600; (3) a 40% Consistency Rule appears at every payout request (there is none during Qualification) - best day P&L / total P&L must be 40% or less, and failing it blocks the payout, it is not a breach; (4) payout gates appear: 10 individual trading days, $1,000 minimum, a $1,600 Safety Threshold Reserve that must remain above the starting balance, plus ID and W-9/W-8BEN (hand-signed, no e-signature); (5) the first three payouts are capped at $1,000, uncapped afterwards; (6) the 30-day access window and the $78 reset are gone - a Master reset is priced individually by support - and there is no monthly fee; (7) NinjaTrader 8 comes with a free licence on the Master Account. Session (5:00pm-4:00pm CT, flat by 3:59pm CT, no overnight), contract limit (3 minis / 30 micros) and the chosen Option carry over unchanged.

After payout: A payout does not reset the drawdown. It only stops moving when it reaches 'starting balance + $100' and is then permanently fixed ($25,100 on a 25K, once account value reaches $26,600). Every payout must leave the Safety Threshold Reserve intact, so at least $26,600 must remain in the account after the withdrawal. What does change after an approved payout is the consistency window: 'Total P&L resets for the next payout period; Best Day P&L does not reset.'

Qualification Option 2: what changes when you pass

Passing does not open the Master Account automatically - review first, then the Qualification Account is closed. Changes: (1) a one-time activation fee of $143 on a link valid 7 days ('The same activation fees apply to both Option 1 and Option 2 accounts'); (2) the end-of-day drawdown stops moving and 'becomes permanently fixed when it reaches starting balance + $100' - it locks at $25,100 once the account closes at $26,600; (3) a 40% Consistency Rule appears at every payout request (there is none during Qualification), and missing it blocks the payout rather than breaching the account; (4) payout gates appear: 10 individual trading days, $1,000 minimum, a $1,600 Safety Threshold Reserve, plus ID and hand-signed W-9/W-8BEN; (5) first three payouts capped at $1,000, uncapped afterwards; (6) the $500 Daily Loss Limit survives into the Master Account but 'is permanently removed once the EOD Drawdown locks at the starting balance + $100'; (7) the Dynamic Scaling Plan keeps moving the contract limit up AND down with Cash on Hand (2 minis up to $1,500 Cash on Hand, 3 above $1,501); (8) no 30-day access window and no monthly fee; (9) free NinjaTrader 8 licence. Session and Option are unchanged.

After payout: A payout does not reset the drawdown. It stops moving only when it reaches 'starting balance + $100' ($25,100, once the account closes at $26,600) and is then permanently fixed - and at that same moment 'The Daily Loss Limit is permanently removed'. Every payout must leave the $1,600 Safety Threshold Reserve intact, so at least $26,600 must remain after the withdrawal. After an approved payout 'Total P&L resets for the next payout period; Best Day P&L does not reset.'