How the rules differ
Drawdown. Apex Trader Funding: EOD path uses $1K/$2K/$3K/$4K EOD drawdown; intraday path has separate trailing rules. Bulenox: Option 1 uses trailing drawdown; Option 2 uses EOD/Scaling/DLL grid. Drawdown $1.5K/$2.5K/$3K/$4.5K/$5.5K.
Payouts. Apex Trader Funding: EOD PA documentation says approved payouts are 100% split. Intraday PA payout page lists at least 5 qualifying trading days, $500 minimum payout, and max 6 payouts per Performance Account. Bulenox: After three successful Master Account payouts, qualified traders may transition to a Funded Account at risk-team discretion; active Master Accounts consolidate.
Cost beyond the sticker. Apex Trader Funding runs a One-time evaluation access plus activation fee model — Discount cadence is high, and EOD versus intraday payout rules differ. Bulenox runs a Monthly subscription evaluation model — Master-to-Funded transition and account consolidation can change realized economics after payouts.