Home / Funded Firm Radar / Apex Trader Funding vs Bulenox

Apex Trader Funding vs Bulenox

A source-backed, side-by-side look at how Apex Trader Funding and Bulenox treat drawdown, payouts, pricing, and the rules that actually decide whether you keep a funded account.

Dataset reviewed May 22, 2026Rule risk before referral revenue

Quick verdict

Lean Apex Trader Funding if

Best fit

Traders who want up to 20 Performance Accounts and a 100% approved payout split.

Think twice if

You need a long-lived account without payout-cycle constraints or you dislike strict consistency and compliance review.

Lean Bulenox if

Best fit

Traders who want large account-size menu up to $250K and understand Master/Funded transition mechanics.

Think twice if

You dislike monthly subscription pricing or discretionary consolidation into live funded accounts.

Apex Trader Funding vs Bulenox: rules at a glance

Every value below is pulled from each firm's official sources. Confirm live figures at checkout. New to the terms? See the key terms below.

RuleApex Trader FundingBulenox
Account sizes$25K, $50K, $100K, $150K$25K, $50K, $100K, $150K, $250K
Evaluation pricingOne-time evaluation purchase with 30 calendar days of access; net price changes with sales and account type.$145/$175/$215/$325/$535 per month on Option 1 and Option 2 grids captured.
Activation fee$79 intraday PA activation or $99 EOD PA activation was captured in prior official-source pass; verify at checkout before quoting.Not.
Profit targets$1.5K, $3K, $6K, $9K on EOD evaluations.$1.5K, $3K, $6K, $9K, $15K.
DrawdownEOD path uses $1K/$2K/$3K/$4K EOD drawdown; intraday path has separate trailing rules.Option 1 uses trailing drawdown; Option 2 uses EOD/Scaling/DLL grid. Drawdown $1.5K/$2.5K/$3K/$4.5K/$5.5K.
Daily loss limit$500/$1K/$1.5K/$2K fixed DLL on EOD evaluations; hitting DLL pauses the day rather than failing the account.Option 2 DLL: $500/$1.1K/$2.2K/$3.3K/$4.5K.
Consistency rule50% payout consistency on current PA payout eligibility. Legacy accounts can differ.Master Account payout page includes 40% consistency rule on withdrawal requests.
Min trading daysEOD evaluation may pass in one day if the profit target is reached and rules are followed.Qualification pass requires profit target and at least 1 trading day. Funded Account reward request after at least 5 trading days.
PayoutEOD 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.After three successful Master Account payouts, qualified traders may transition to a Funded Account at risk-team discretion; active Master Accounts consolidate.
CouponSAVENOW (official code)No public code (verify at checkout)

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.

Frequently asked

Is Apex Trader Funding or Bulenox cheaper for a funded futures evaluation?

Apex Trader Funding: One-time evaluation purchase with 30 calendar days of access; net price changes with sales and account type. Activation: $79 intraday PA activation or $99 EOD PA activation was captured in prior official-source pass; verify at checkout before quoting. Bulenox: $145/$175/$215/$325/$535 per month on Option 1 and Option 2 grids captured. Activation: Not. Net cost depends on current sales and activation fees, so confirm the final total at checkout.

What is the difference between Apex Trader Funding and Bulenox drawdown rules?

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.

Does Apex Trader Funding or Bulenox have a daily loss limit?

Apex Trader Funding: $500/$1K/$1.5K/$2K fixed DLL on EOD evaluations; hitting DLL pauses the day rather than failing the account. Bulenox: Option 2 DLL: $500/$1.1K/$2.2K/$3.3K/$4.5K.

What are the payout rules for Apex Trader Funding vs Bulenox?

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.

Compare every rule before you buy an evaluation

Firm rules, payouts, and coupons change often. Read the rule risk first, then pick the firm that fits how you actually trade.

Key terms

EOD (end-of-day) drawdown
Your maximum-loss line trails on your balance at the daily close, not your highest intraday equity. Open profit you give back during the day does not pull the line up against you.
Trailing drawdown
Your maximum-loss line trails your highest intraday equity, so profit you reach and then give back can move the line up against you.
Daily loss limit (DLL)
A cap on how much you can lose in a single trading day — some firms call it a Daily Loss Guard. A few make it optional during the evaluation.
Consistency rule
Caps how much of your total profit can come from a single best day, so one outlier session can't carry a pass or a payout.
Activation fee
A one-time fee to turn a passed evaluation into a funded account, charged on top of the evaluation price.
Profit split
The share of payouts you keep. A 90/10 split means you keep 90% and the firm keeps 10%.
XFA / PA
Firm-specific funded-account names: XFA is Topstep's Express Funded Account; PA is Apex's Performance Account.

Comparison research, not investment advice. Funded-account rules, pricing, payout schedules, and coupons change without notice — figures here reflect the dataset last reviewed May 22, 2026. Always confirm current terms on the firm's official site before purchasing an evaluation.