Prop firms whose payouts run weekly, daily or on demand after the first withdrawal, with each program's first-payout rule, ongoing frequency, split at that frequency and methods, plus the buffers, caps and consistency checks that apply.
Bulenox and Apex Trader Funding look alike on paper: both sell one-time futures evaluations, both let you choose between an intraday trailing drawdown and an end-of-day (EOD) drawdown with a daily loss limit, and both close every position before the daily close. The difference is what you can check before you buy. Bulenox publishes its prices, targets, drawdowns and daily limits per size on its own site, though its payout rules showed only as headings. For Apex, almost every current figure comes from third-party trackers, because its help center would not load and its homepage appears to show legacy terms. We label those figures as reported and unverified throughout.
Bulenox vs Apex Trader Funding at a glance
| Bulenox | Apex Trader Funding | |
|---|---|---|
| Market | Futures | Futures |
| FundedTime score | 7.6/10 | 6.2/10 |
| Data status | Partially verified | Needs review (mostly unverified) |
| Listed price | From $94 one-time (Momentum 25K); Qualification 50K $175 | Reported, unverified: $167 to $599 intraday, $390 to $1,490 EOD, one-time (25K to 150K) |
| Pricing model | One-time fee | Reported, unverified: one-time fee plus activation fee |
| Fee refundable | No (Fast Track explicitly non-refundable) | No refund found |
| Max account size | $150,000 | Reported, unverified: $150,000 (older homepage table lists up to $300,000) |
| Max profit split | Not verified on official site | Homepage, likely legacy: 100% of first $25,000, then 90% |
| Profit target | $1,500 / $3,000 / $6,000 / $9,000 | Reported, unverified: $1,500 / $3,000 / $6,000 / $9,000 |
| Daily loss limit | EOD option only: $600 / $1,200 / $2,500 / $3,300 (Momentum), pauses trading | None on intraday; reported, unverified: $500 to $2,000 on EOD |
| Max drawdown | Momentum: $1,000 / $2,000 / $3,000 / $4,500 | Reported, unverified: $1,000 / $2,000 / $3,000 / $4,000 trailing |
| Drawdown type | Your choice: intraday trailing or EOD (locked for the account) | Intraday trailing or EOD (your choice) |
| Minimum trading days | None (30-day window to pass) | Reported, unverified: none |
| Consistency rule | Momentum: 35% (calculation not published) | Reported, unverified: none in evaluation; 50% at payout |
| News trading | Not verified | Homepage: normal trading allowed; news-specific strategies banned |
| EAs / bots | Not verified ($100/month for third-party API connections) | Not verified |
| First payout | Not verified on official site | Reported, unverified: after 5 qualifying days; first payout capped at $1,000 to $2,500 |
| Payout frequency | Not verified on official site | Reported, unverified: up to 6 requests per Performance Account |
| Payout methods | Not verified on official site | Not verified |
| Platforms | Rithmic-based: NinjaTrader, Quantower, Sierra Chart, ATAS and more | Homepage: Rithmic (NinjaTrader) and Tradovate; WealthCharts reported |
| US traders | Yes | Not verified |
| Trustpilot | 4.7 (1,827 reviews) | 4.2 (21,525 reviews) |
Every Apex row marked "Reported, unverified" comes from third-party trackers (Prop Trading Vibes, August 2026, and the PipBack change log) or from an Apex homepage that appears to show legacy terms. Apex's help center would not load during our checks, so treat those figures as a starting point, not as confirmed terms. Bulenox rows marked "Not verified" could not be confirmed on its official pages in November 2026.
FundedTime scores
Bulenox scores 7.6/10 and ranks sixth of the futures firms we rate. Apex Trader Funding scores 6.2/10 and ranks 10th. Scores follow our published methodology, including how much we could verify, and are not a guarantee of results.
Pricing and fees
Bulenox's official prices are one-time. Momentum, where one payment covers both stages and the Master is activated free, costs $94, $143, $248 and $358 for 25K to 150K. Qualification costs $145, $175, $215 and $325, plus a Master activation fee the official pages do not print (a secondary source reports $143 to $498, unconfirmed). Fast Track skips the evaluation for $338 to $788 and is explicitly non-refundable. Evaluations expire after 30 calendar days, and third-party reports say resets do not extend that window.
For Apex, Prop Trading Vibes reported in August 2026 one-time prices of $167, $249, $399 and $599 for intraday evaluations and $390, $490, $790 and $1,490 for EOD versions, with 30 days to pass. Trackers also report a May 2026 option with no activation fee at a higher price and cuts to standard activation fees, but activation amounts were not given. We could not verify any of this on apextraderfunding.com, whose homepage still showed older monthly per-account charges. We found no fee refund at either firm.
On a 50K, Bulenox Momentum costs $143 in total. Apex's reported intraday 50K is $249 plus an unknown activation fee, and its reported EOD 50K is $490. If the reported figures hold, Bulenox is cheaper at every size we can compare.
Rules and drawdown
Targets are the same 6% at both: $1,500, $3,000, $6,000 and $9,000 (Apex reported). Bulenox Momentum drawdowns are $1,000, $2,000, $3,000 and $4,500; Apex's are reported as $1,000, $2,000, $3,000 and $4,000.
On Bulenox you pick, for the life of the account, a trailing drawdown that follows open-profit peaks in real time with no daily limit, or an EOD drawdown with a daily loss limit that pauses trading: $600, $1,200, $2,500 and $3,300 on Momentum. Only Fast Track states a lock level (starting balance plus $100). There are no minimum days, and Momentum has a 35% consistency rule whose calculation the official page did not show.
Apex's structure is reported to be the same idea: no daily limit on intraday evaluations, and a daily limit of $500, $1,000, $1,500 and $2,000 on EOD evaluations. We could not verify whether hitting it ends the day or fails the account. Trackers report no evaluation consistency rule and no minimum days, with a 50% consistency test at payout time on Performance Accounts.
Neither firm's current news or bot policy could be confirmed. Apex's homepage says normal trading during news is allowed but news-specific strategies are banned; Bulenox's FAQ answers on news, bots and copiers did not display. Bulenox does publish a $100 monthly fee for third-party API connections to Rithmic. Bulenox requires positions closed by 3:59 PM CT and Apex's homepage says by 4:59 PM ET.
Worked example: the drawdown choice on 50K
Take a 50K at each firm with a $2,000 drawdown, a $48,000 starting floor and a $3,000 target (Apex figures reported, unverified). On Day 1 a trade runs to $1,200 of open profit, then reverses, and you close at +$200 ($50,200).
- Intraday trailing (either firm): the floor followed the $51,200 peak to $49,200. You have $1,000 of room after a winning day.
- EOD (either firm): the floor moves only on the $50,200 close, to $48,200. You keep $2,000 of room.
On Day 2 you lose $1,200. On the intraday version at either firm, $50,200 − $1,200 = $49,000, below the $49,200 floor, so the account fails. On the Bulenox EOD option, the $1,200 daily limit on 50K pauses trading at $49,000, still $800 above the $48,200 floor. On the Apex EOD version, the reported $1,000 daily limit would be hit first, at $49,200; we could not confirm what happens then.
A payout. Third parties report that Bulenox traders keep 100% of the first $10,000 per profile and 90% after, so a $2,000 withdrawal would pay $2,000. Apex's homepage, which appears to show legacy terms, says 100% of the first $25,000 per account and 90% after. Trackers report that Apex first payouts are capped at $1,000 to $2,500 by size. None of these splits could be verified on an official page.
Payouts
Bulenox's master withdrawal rules appeared only as headings. Third-party reporting (August 2026) says requests before 12:01 PM CT on weekdays are processed the same day, methods are bank transfer, PayPal and Wise, and Momentum needs five qualifying profitable days per cycle ($100 to $250 by size). Bulenox does publish that after three successful payouts a Master may be considered for a funded account.
For Apex, trackers describe Performance Account payouts after five qualifying days, a $500 minimum, a safety-net balance (for example $52,100 on 50K), a first-payout cap of $1,000 to $2,500 and up to six payout requests per account, plus an Apex Live program from May 2026 with daily withdrawals from $500. Payout methods and timings were not available on any Apex page we could load. See the Bulenox payout guide and Apex Trader Funding payout guide.
Platforms and US access
Bulenox runs on Rithmic (NinjaTrader, Quantower, Sierra Chart, ATAS and more); a secondary source says Tradovate and native TradingView are not supported. Apex's homepage lists Rithmic plans with NinjaTrader and Tradovate plans compatible with TradingView, and a tracker mentions WealthCharts. Bulenox accepts US traders. Apex is based in Austin, Texas, but we could not verify its restricted-country list or US terms.
Who each firm suits
Bulenox
Price-conscious Rithmic users who want to read prices, drawdowns and daily limits on the official site before buying, and who can pass within 30 days.
Apex Trader Funding
Traders already familiar with Apex who can read the current rules in their own dashboard and want a large community and Tradovate or TradingView access.
Which should you choose if…
- …you want verifiable terms before paying: Bulenox, though its payout rules are also incomplete.
- …cost matters most: Bulenox Momentum 50K at $143, against a reported $249 plus activation at Apex.
- …you use Tradovate or TradingView: Apex, per its homepage; Bulenox reportedly does not support them.
- …you want a daily stop: choose the EOD option at either firm.
- …you trade slowly: neither; both give 30 days to pass.
Bottom line
Bulenox scores 7.6/10 and Apex 6.2/10. The gap is mostly about verification: Bulenox publishes most of what you need before buying, while Apex's current terms come largely from third parties. Get any Apex rule you rely on in writing from support.
Read the full Bulenox review and Apex Trader Funding review, or use the comparison tool. Related: Bulenox vs My Funded Futures, Lucid Trading vs Apex Trader Funding and static vs trailing drawdown.
Sources (checked November 2026): Bulenox: bulenox.com, bulenox.com/accounts-pricing, trustpilot.com/review/bulenox.com; Apex Trader Funding: apextraderfunding.com, trustpilot.com/review/apextraderfunding.com; third-party reports from Prop Trading Vibes (August 2026) and the PipBack change log, as cited in our review.
FAQ
Is Bulenox cheaper than Apex Trader Funding?
On the figures available, yes. Bulenox Momentum 50K is $143 one-time on its official site. Third parties report Apex's intraday 50K at $249 plus an activation fee, which we could not verify.
Do both firms let you choose the drawdown type?
Yes. Both offer an intraday trailing drawdown with no daily limit or an EOD drawdown with a daily loss limit. Bulenox publishes its limits; Apex's are reported by third parties.
Are Apex's rules verified?
Mostly not. Apex's help center did not load during our November 2026 checks and its homepage appears to show legacy terms, so most current Apex figures come from third-party trackers.
What profit split do Bulenox and Apex pay?
Neither could be verified officially. Third parties report Bulenox at 100% of the first $10,000 then 90%; Apex's homepage shows 100% of the first $25,000 then 90%, which may be legacy.
Educational content only, not financial advice. Trading involves substantial risk of loss. Prop firm rules change often; check the firm's official terms. Some links may be affiliate links; see our disclosure.
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