Apex Trader Funding vs Bulenox: prop firm rules compared

At the $50,000 account size, Apex Trader Funding's evaluation allows a $2,000 max drawdown (intraday trailing) against Bulenox's $2,500 (intraday trailing), with the same $3,000 profit target. Bulenox allows the larger drawdown at that size. Neither firm applies a consistency rule. Payouts are up to weekly (max 6 per pa) at Apex Trader Funding and weekly (wednesdays) at Bulenox.

Rule (evaluation phase)
APApex Trader FundingIntraday Trailing model
BXBulenoxOption 1 (Intraday) model
$25,000 account
Profit target$1,500$1,500
Daily loss limitNoneNone
Max drawdown$1,000$1,500
$50,000 account
Profit target$3,000$3,000
Daily loss limitNoneNone
Max drawdown$2,000$2,500
$100,000 account
Profit target$6,000$6,000
Daily loss limitNoneNone
Max drawdown$3,000$3,000
$150,000 account
Profit target$9,000$9,000
Daily loss limitNoneNone
Max drawdown$4,000$4,500
Firm-wide
Drawdown modelIntraday trailingIntraday trailing
Consistency ruleNoneNone
Minimum trading daysNoneNone
Profit split100% (PA)100% of the first $10K, then 90/10
Payout frequencyUp to weekly (max 6 per PA)Weekly (Wednesdays)
Account sizes offered$25,000 · $50,000 · $100,000 · $150,000$25,000 · $50,000 · $100,000 · $150,000
Rules confidenceRules verifiedRules verified

Apex Trader Funding figures are for the Intraday Trailing model; it also sells: End-of-Day Trailing.

Bulenox figures are for the Option 1 (Intraday) model; it also sells: Option 2 (EOD + soft daily loss).

Rules last checked against each firm's own documentation on . Firms change their rules often, so confirm the current terms on Apex Trader Funding's site and Bulenox's site. Spotted a rule that changed? Tell us.

Where Apex Trader Funding and Bulenox differ

Max drawdown at $50K
Apex Trader Funding: $2,000 (Intraday Trailing)
Bulenox: $2,500 (Option 1)
Plans sold
Apex Trader Funding: 2 plans: Intraday Trailing and End-of-Day Trailing
Bulenox: 2 plans: Option 1 and Option 2
Automated trading
Apex Trader Funding: Not allowed in the evaluation or on a funded account
Bulenox: No written answer on record
Profit split
Apex Trader Funding: 100% (PA)
Bulenox: 100% of the first $10K, then 90/10
Payouts
Apex Trader Funding: Up to weekly (max 6 per PA)
Bulenox: Weekly (Wednesdays)

Apex Trader Funding and Bulenox in brief

Apex Trader Funding

One evaluation with 30 days of access. Apex 4.0 sells two drawdown models: intraday trailing with no daily loss limit, or end-of-day trailing with a daily loss limit that pauses the session instead of failing the account. The evaluation has no consistency rule and no minimum trading days.

Bulenox

A Qualification account in two options. Option 1 trails intraday with no daily loss limit; Option 2 trails at end of day with a soft daily loss limit that pauses the day. Rithmic only. One-time fee, 30 days of access.

How these rules play out

Apex Trader Funding's Intraday Trailing plan and Bulenox's Option 1 plan trail the drawdown intraday: the floor follows the highest balance the account reaches during the session, open profit included, and never moves back down — a winning trade given back before it is closed still lifts it. For example, at Apex Trader Funding's Intraday Trailing plan a $50,000 account starts with its floor at $48,000, $2,000 under the start; at Bulenox's Option 1 plan a $50,000 account starts with its floor at $47,500, $2,500 under the start.

On Apex Trader Funding's End-of-Day Trailing plan and Bulenox's Option 2 plan the drawdown trails at end of day: the floor is recalculated once, from the closing balance, so open profit given back during the session does not raise it — but equity touching the floor during the session still counts. For example, at Apex Trader Funding's End-of-Day Trailing plan a $50,000 account starts with its floor at $48,000, $2,000 under the start; at Bulenox's Option 2 plan a $50,000 account starts with its floor at $47,500, $2,500 under the start.

On Apex Trader Funding it keeps trailing for the whole evaluation.

A soft daily loss limit pauses the day instead of failing the account: reach it and open positions are flattened, trading stops until the next session, and the account stays open. Apex Trader Funding's End-of-Day Trailing plan sets it at $1,000 on $50,000 and Bulenox's Option 2 plan sets it at $1,100 on $50,000. Apex Trader Funding's Intraday Trailing plan and Bulenox's Option 1 plan have no daily loss limit, so a losing day is bounded only by the max drawdown.

Apex Trader Funding and Bulenox start the trading day at the same moment, 6:00 PM ET (5:00 PM CT); a daily loss limit counts from that reset, not from midnight.

A consistency rule caps how much of the total profit one day may carry. Neither Apex Trader Funding nor Bulenox applies a consistency rule in the evaluation, so one large day can count in full toward the target.

Apex Trader Funding and Bulenox set no minimum number of days.

Apex Trader Funding's evaluation runs for 30 days; a target not reached by then is not a pass.

On automated trading — a strategy or bot sending the orders — at Apex Trader Funding it is not allowed in the evaluation or on a funded account; Bulenox has no written answer on record. Written answers: Apex Trader Funding (read ).

Choosing between Apex Trader Funding and Bulenox

Apex Trader Funding and Bulenox differ on one of the evaluation rules compared here, the max drawdown at $50K. In dollars at $50K, Apex Trader Funding asks for $3,000 of profit with $2,000 of drawdown room, Bulenox for $3,000 with $2,500.

Once funded, the profit split is 100% (PA) at Apex Trader Funding and 100% of the first $10K, then 90/10 at Bulenox. Payout terms — Apex Trader Funding: Up to weekly (max 6 per PA); Bulenox: Weekly (Wednesdays). Apex Trader Funding sells 2 plans: Intraday Trailing and End-of-Day Trailing; Bulenox sells 2 plans: Option 1 and Option 2. Each plan carries its own version of the rules above, which is why they are listed plan by plan. If a strategy or bot will send your orders, Apex Trader Funding's written answer is not allowed in the evaluation or on a funded account, and Bulenox has no written answer on record.

Read both rule sets against your own average day, then confirm the current terms on Apex Trader Funding's site and Bulenox's site. PassTraq tracks challenges at both firms using the same rule presets shown here.

Apex Trader Funding vs Bulenox: quick answers

Which has the larger drawdown at $50K, Apex Trader Funding or Bulenox?

Bulenox. Apex Trader Funding allows $2,000 (intraday trailing) and Bulenox $2,500 (intraday trailing) on a $50,000 evaluation.

Does Apex Trader Funding or Bulenox have a consistency rule?

Neither applies one in the evaluation.

Which has a daily loss limit, Apex Trader Funding or Bulenox?

Apex Trader Funding: no daily loss limit on Intraday Trailing; a soft limit that pauses the day ($1,000 at $50K) on End-of-Day Trailing. Bulenox: no daily loss limit on Option 1; a soft limit that pauses the day ($1,100 at $50K) on Option 2.

Can you trade with a bot or strategy at Apex Trader Funding or Bulenox?

Apex Trader Funding: not allowed in the evaluation or on a funded account. Bulenox: no written answer on record.

More comparisons

Rules are sourced from each firm's official help centre and can change without notice — always confirm on the firm's site before buying an evaluation. Where a link is a partner link, it is marked as such.