Topstep vs Bulenox: prop firm rules compared
At the $50,000 account size, Topstep's evaluation allows a $2,000 max drawdown (end-of-day trailing, locks at breakeven) against Bulenox's $2,500 (intraday trailing), with the same $3,000 profit target. Bulenox allows the larger drawdown at that size. Topstep applies a consistency rule (max 55% of total profit from one day); Bulenox does not. Payouts are per cycle: 5 winning days of $150+ (standard) or 3 days at ≤40% consistency at Topstep and weekly (wednesdays) at Bulenox.
| Rule (evaluation phase) | TSTopstep | BXBulenoxOption 1 (Intraday) model |
|---|---|---|
| $50,000 account | ||
| Profit target | $3,000 | $3,000 |
| Daily loss limit | None | None |
| Max drawdown | $2,000 | $2,500 |
| $100,000 account | ||
| Profit target | $6,000 | $6,000 |
| Daily loss limit | None | None |
| Max drawdown | $3,000 | $3,000 |
| $150,000 account | ||
| Profit target | $9,000 | $9,000 |
| Daily loss limit | None | None |
| Max drawdown | $4,500 | $4,500 |
| Firm-wide | ||
| Drawdown model | End-of-day trailing, locks at breakeven | Intraday trailing |
| Consistency rule | Max 55% of total profit from one day | None |
| Minimum trading days | 2 trading days | None |
| Profit split | 90/10 | 100% of the first $10K, then 90/10 |
| Payout frequency | Per cycle: 5 winning days of $150+ (Standard) or 3 days at ≤40% consistency | Weekly (Wednesdays) |
| Account sizes offered | $50,000 · $100,000 · $150,000 | $25,000 · $50,000 · $100,000 · $150,000 |
| Rules confidence | Rules verified | Rules verified |
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 Topstep's site and Bulenox's site. Spotted a rule that changed? Tell us.
Where Topstep and Bulenox differ
- Drawdown model
- Topstep: End-of-day trailing
- Bulenox: Intraday trailing on Option 1; end-of-day trailing on Option 2
- Daily loss limit
- Topstep: None
- Bulenox: None on Option 1; soft pause, $1,100 at $50K on Option 2
- Consistency rule
- Topstep: Max 55% of total profit from one day
- Bulenox: None on any plan
- Max drawdown at $50K
- Topstep: $2,000
- Bulenox: $2,500 (Option 1)
- Minimum trading days
- Topstep: 2 trading days
- Bulenox: None on any plan
- Plans sold
- Topstep: One evaluation model
- Bulenox: 2 plans: Option 1 and Option 2
- Account sizes, all plans
- Topstep: $50K · $100K · $150K
- Bulenox: $25K · $50K · $100K · $150K
- Automated trading
- Topstep: Allowed in the evaluation and on a funded account
- Bulenox: No written answer on record
- Profit split
- Topstep: 90/10
- Bulenox: 100% of the first $10K, then 90/10
- Payouts
- Topstep: Per cycle: 5 winning days of $150+ (Standard) or 3 days at ≤40% consistency
- Bulenox: Weekly (Wednesdays)
Topstep and Bulenox in brief
Topstep
One evaluation, the Trading Combine, traded on TopstepX. Its Maximum Loss Limit trails at end of day and locks at the starting balance. A 55% best-day consistency rule raises the target but never fails the account. The optional daily loss limit pauses trading and is not a violation.
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
Bulenox's Option 1 plan trails 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 Bulenox's Option 1 plan a $50,000 account starts with its floor at $47,500, $2,500 under the start.
On Topstep 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 Topstep 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 Topstep the trailing floor stops rising once it reaches breakeven and stays there.
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. Bulenox's Option 2 plan sets it at $1,100 on $50,000. Topstep and Bulenox's Option 1 plan have no daily loss limit, so a losing day is bounded only by the max drawdown.
Topstep 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. Topstep caps any single day at 55% of total profit, so it takes at least 2 profitable days to finish inside the rule. One day may then carry at most $1,650 of a $3,000 target. Bulenox applies no consistency rule in the evaluation, so one large day can count in full.
Topstep requires at least 2 trading days before a pass; Bulenox sets no minimum number of days.
On automated trading — a strategy or bot sending the orders — at Topstep it is allowed in the evaluation and on a funded account; Bulenox has no written answer on record. Written answers: Topstep (read ).
Choosing between Topstep and Bulenox
Topstep and Bulenox differ on 5 of the evaluation rules compared here: drawdown model, daily loss limit, consistency rule, max drawdown at $50K and minimum trading days. If your trades often run into open profit that you give back before closing them, start with the drawdown: Topstep trails at end of day, while Bulenox trails intraday or at end of day, depending on the plan. If one or two large days make up most of your profit, the consistency rule sets how fast you can finish: Topstep caps one day at 55% of total profit; Bulenox has no consistency rule. If you keep trading after a losing morning, look at what the daily loss limit does: Topstep has no daily loss limit; Bulenox pauses the day at its daily loss limit on some plans and has no limit on others. In dollars at $50K, Topstep asks for $3,000 of profit with $2,000 of drawdown room, Bulenox for $3,000 with $2,500. To finish in as few sessions as possible, compare the minimum days: Topstep needs at least 2 trading days, Bulenox sets no minimum.
Once funded, the profit split is 90/10 at Topstep and 100% of the first $10K, then 90/10 at Bulenox. Payout terms — Topstep: Per cycle: 5 winning days of $150+ (Standard) or 3 days at ≤40% consistency; Bulenox: Weekly (Wednesdays). Topstep sells one evaluation model; 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, Topstep's written answer is allowed in the evaluation and 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 Topstep's site and Bulenox's site. PassTraq tracks challenges at both firms using the same rule presets shown here.
Topstep vs Bulenox: quick answers
Which has the larger drawdown at $50K, Topstep or Bulenox?
Bulenox. Topstep allows $2,000 (end-of-day trailing) and Bulenox $2,500 (intraday trailing) on a $50,000 evaluation.
Does Topstep or Bulenox have a consistency rule?
Topstep: max 55% of total profit from one day. Bulenox: none on any plan.
Which has a daily loss limit, Topstep or Bulenox?
Topstep: no daily loss limit. 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 Topstep or Bulenox?
Topstep: allowed in the evaluation and 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.