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Recently we’ve seen a huge surge in the number of people that are joining the world of futures trading. Entering into this market requires potential traders to have direct access to the right tools and account options, which allows them to trade to their full potential; without having to worry a lot about the risk factors, of course. Incorporating all these factors, Bulenox Trading is a great place for beginners.
Not only is Bulenox Trading a great place considering the help it provides, but it also allows traders to start their accounts at discounted prices. And this is done through coupons. Looking to start your Bulenox Trading account but not in the mood to pay the full registration amount? We’ve ensured a huge discount for you traders! Continue reading on to get yourself upto 90% off of your trading account.
What Is Bulenox Trading?
Bulenox is a pretty popular prop trading firm which offers funded futures trading opportunities. Bulenox Trading is the ultimate partner that brings with it over 20 years of trading experience compared to other futures traders. At Bulenox, understanding their ultimate goal is simple. It’s to provide beginner traders with a platform that can significantly boost their trading careers.
Qualification Account VS Master Account
When you try starting with Bulenox, you’ll mainly have the option of two accounts — A Qualification Account which then leads into a Master Account.
Qualification Account
Understanding what a qualification account is pretty simple if you assume Bulenox works like any other firm. At any firm, there’s always an assessment period. Here, it’s just 5 trading days. During these 5 days, a trader’s practical skills and responsibility is assessed. Bulenox follows your progress to see if you can follow their rules to end up with profitable trades. The rules that the trader has to follow for a Master Account are:
- Trade for at least 5 trading days. Trading days begin at 5:00 PM (CST) and end at 4:00 PM the next day minus holidays and weekends. No max limit for amount of trading days.
- Trade with only the offered Futures Instruments.
- Reach a profit target – Different for each account.
- Do NOT hit the maximum drawdown – Also referred to as the amount of money you can lose. Also different for each account.
Master Account
A Master account is an upgrade that new traders can get once the profit target has been reached using a qualification account and the trader has traded for at least 5 trade days. After reaching these objectives, the trader needs to put in a “Passed Qualification Request.” After that they can upgrade to a Master account by completing a single payment. The activation prices for the accounts are:
- $10,000 Account – $98
- $25,000 Account – $143
- $50,000 Account – $148
- $100,000 Account – $248
- $150,000 Account – $498
- $250,000 Account – $898
And if paying the full price isn’t for you, we’ve got something for you! Use the coupon codes listed above and get upto 90% off the account that you choose to work with.
Bulenox understands that proper trades cannot be made without any financial help. And with a Master Account, Bulenox provides significant capital under the assessment of other trading experts. With a Master Account, new traders get to keep 100% of the first $10,000 made! After that, it’s an extremely lucrative 90 10 split where traders get to keep 90% of any profit that’s made. Payouts can be made whenever requested by the trader. The requests are then processed every Wednesday.
The Difference Between Bulenox Option 1 and Option 2
When you try to make an account with Bulenox, you can pick two types – An Option 1 account or an Option 2 account.
Option 1 – Trailing Drawdown
If you’re new to the trading business, you’re definitely going to find trailing drawdown to be a little confusing. The simplest way to make sense of this feature is by creating an example. Simply put, the trailing drawdown keeps you in check. It reminds you of your responsibilities and prevents you from making any unwanted mistakes. Here’s how:
Suppose you create a $100,000 account. This account comes with 12 contracts and a $3,000 trailing drawdown. You can also think of this drawdown as a loss limit. When you first start off, the lowest amount you can get after trading is $97,000. When this happens, your account is immediately frozen.
Suppose you didn’t start your trading journey off with a loss. Instead, you went up to $103,000. Your loss limit isn’t fixed at $97,000. Instead, it moves with you. So once you’re at $103,000, the loss limit also bumps up to $100,000.
Pros
- Prevents you from making any rookie errors after making profits
- Is overall a more sustainable project
- Working with larger $ accounts means being more prone to larger losses. This loss limit prevents that
Cons
- If the loss limit is reached, the account will be shut down.
- Difficult to follow if you’re new
- Hesitancy because of loss limit may prevent traders from making good deals
Option 2 – EOD Drawdown
Option 2 offers EOD drawdown. And this is a lot simpler than trailing drawdowns. EOD stands for end of day. Therefore, you can come to the conclusion that this drawdown or loss limit is one that’s updated every day. Additionally each EOD account also has a daily loss limit. Once this is reached, you can’t trade anymore for the remaining trading day. Let’s see how EOD drawdown works with an example.
Suppose you start off once again with a $100,000 account. On day one, you do great. Lots of big money trades and you’ve ended up with $104,000. At the end of the day, your drawdown or loss limit is then bumped up to $101,000. Now suppose day two doesn’t go that well for you. By the end, you’ve dropped back down to $103,000. At the end of the day, your drawdown still remains at $101,000. And if day three goes good once again? Then your EOD drawdown changes accordingly. Suppose on day three that you bump up to $105,000. The drawdown limit then also bumps up to $102,000.
Pros
- Has a daily loss limit which prevents big losses
- Exceeding daily loss limit only temporarily freezes account
- Drawdown updates daily
Cons
- Daily loss limit may prevent profitable trades
- Traders may not want scaling
Account Options and Pricing At Bulenox
Option 1
#1 – $10,000/ Up to 5 Micro Contracts Account
- $115/month
- Profit Target: $1,000
- Max Micro Contacts: 5
- Max Trailing Drawdown: $1,000
#2 – $25,000/ Up to 3 Contracts Account
- $145/each month
- Profit Target: $1,500
- Max Contracts: 3
- Max Trailing Drawdown: $1,500
#3 – $50,000/ Up to 7 Contracts Account
- $175 each month
- Profit Target: $3,000
- Max Contracts: 7
- Max Trailing Drawdown: $2,500
#4 – $100,000/Up to 12 Contracts Account
- $215 each month
- Profit Target: $6,000
- Max Contracts: 12
- Max Trailing Drawdown: $3,000
#5 – $150,000/ Up to 15 Contracts Account
- $325 each month
- Profit Target: $9,000
- Max Contracts: 15
- Max Trailing Drawdown: $4,500
#6 – $250,000/ Up to 25 Contracts Account
- $535 each month
- Profit Target: $15,000
- Max Contracts: 25
- Max Trailing Drawdown: $5,500
Option 2
#1 – EOD/Scaling/DLL $10,000/ Up to 5 Micro Contracts Account
- $115 each month
- Profit Target: $1,000
- Max Micro Contracts: 5
- Daily Loss Limit: $400
- Max Drawdown: $1,000
#2 – EOD/Scaling/DLL $25,000 / Up to 3 Contracts Account
- $145 each month
- Profit Target: $1,500
- Max Scaling Contracts: 3
- Daily Loss Limit: $500
- Max Drawdown: $1,500
#3 – EOD/Scaling/DLL $50,000 / Up to 7 Contracts Account
- $175 each month
- Profit Target: $3,000
- Max Scaling Contracts: 7
- Daily Loss Limit: $1,100
- Max Drawdown: $2,500
#4 – EOD/Scaling $100,000 / Up to 12 Contracts Account
- $215 each month
- Profit Target: $6,000
- Max Scaling Contracts: 12
- Daily Loss Limit: $2,200
- Max Drawdown: $3,000
#5 – EOD/Scaling $150,000 / Up to 15 Contracts Account
- $325 each month
- Profit Target: $9,000
- Max Scaling Contracts: 15
- Daily Loss Limit: $3,300
- Max Drawdown: $4,500
#6 – EOD/Scaling $250,000/ Up to 25 Contracts Account
- $535 each month
- Profit Target: $15,000
- Max Scaling Contracts: 25
- Daily Loss Limit: $4,500
- Max Drawdown: $5,500
Using Bulenox Coupon Code To Save Your Money
The Bulenox coupon code is probably what you’ve been looking for. And if you were reading close enough, you probably noticed that we’ve already shared the coupon code with you! We all love using coupons to make our purchases cheaper. And at Bulenox, you can do the same! Once you’re done creating your account, pick a payment plan that works for you! Then go ahead and add in the Bulenox coupon codes listed above while checking out! This will give you upto 90% off of any purchase you make.
The Pros Of Bulenox
Lucrative Profit Shares
At Bulenox, traders are offered some of the best profit shares in the market. Once traders upgrade to a Master account, the first $10,000 that they earn is completely then. After that, the profit split. And it is split in a 90 10 ratio where you get upto 90% of the profits you earn. With rates like that, you really aren’t going to find any better options.
Large Discount Coupon Codes
From time to time, Bulenox is seen offering multiple coupon codes which can make your initial investments a whole lot cheaper. With coupon codes listed above, you can gain upto 90% off of your first account purchase. Where else will you find opportunities like that?
Can Work With Multiple Softwares
Bulenox takes pride in providing little to no restrictions for their traders. Here, traders can work with any trading program they find feasible. The firm itself offers Rithmic and NinjaTrader as its main programs. But if you prefer making use of another program, you can! You’ll just have to provide the program yourself.
The Bottom Line
Trading can be pretty difficult. And honestly it can also be really expensive. But that’s where Bulenox stands out amongst the other trading firms. Bulenox is made by traders for traders. That’s what makes it a brilliant trading partner for new and veteran traders. As a firm, Bulenox provides many benefits to new traders such as brilliant discounts and profit shares. So if you’re looking to pick a trading partner for yourself at extremely cheap prices — Bulenox is the place to be. And while you’re creating your account, don’t forget your coupon code. Use Bulenox coupon codes above before you check out to get a huge discount!
Also check Apex Trader Funding Discount Code for Futures and MyFundedFx Discount Code for Forex for best discounts for respected firms.
