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Futures prop firm comparison

Bulenox vs Apex Trader Funding: Rules, Payouts & Costs (2026)

Bulenox vs Apex Trader Funding comes down to evaluation structure, drawdown behaviour, total cost and payout requirements. Bulenox sells a one-time standard Qualification at $145/$175/$215/$325 for 25K–150K, with a real-time (Option 1) or end-of-day (Option 2) drawdown that is locked for the account. Apex lists its new one-time EOD Trail evaluations at $450/$550/$990/$1,890 for the same sizes, advertises a one-day qualifying minimum, and pays up to weekly at a 100% split after five qualifying days. FundingCodes earns from Bulenox only; Apex is covered editorially. Figures read September 16, 2026.

✓ Official documentation checked✓ Affiliate status: Bulenox only✓ Updated September 16, 2026

Edited by Brandon King

Apex Trader FundingEditorial coverage — no affiliate link
4.221,024 Trustpilot reviews ↗
81% 5-star9% 1-starChecked September 16, 2026
No affiliate linkOfficial site onlyFundingCodes holds no affiliate link, referral code or discount for Apex Trader Funding, so this page earns nothing from it.
Official site ↗

Public ratings are third-party signals, not FundingCodes scores. Trustpilot says it uses integrity controls but does not fact-check individual reviews. Scores and counts change.

Conditional fit

Bulenox vs Apex Trader Funding: the short answer

Apex Trader Funding vs Bulenox is a trade between Bulenox’s locked drawdown choice and Apex’s one-day-to-pass evaluation with a one-time fee. Apex’s own time-limited promotion materially reduced that fee when we checked it. FundingCodes earns a referral commission from Bulenox only; we hold no affiliate link, referral code, or issued coupon for Apex, so nothing on this page earns from it.

  • Choose Bulenox if you want a Rithmic-based route with NinjaTrader support, and a drawdown you pick once: real-time trailing with full size (Option 1) or end-of-day with scaling and a daily loss limit (Option 2).
  • Choose Apex Trader Funding if you want an advertised one-day minimum to pass and a one-time fee with no rebilling, and you can meet its payout gates: five qualifying days at a minimum daily profit, a safety-net balance and a 50% consistency rule, with a maximum of six payouts per Performance Account.

Side-by-side

Bulenox vs Apex Trader Funding at a glance

Firm terms change. The provider’s checkout, agreement, and help center control.

CategoryBulenoxApex Trader Funding
Evaluation paths

Standard Qualification Option 1 and Option 2, plus separate newer programs

New EOD Trail and Intraday Trail evaluations in four sizes, with legacy accounts still on sale during the current promotion

Drawdown

Option 1 real-time trailing; Option 2 end-of-day with scaling

EOD Trail trails only at the session close; Intraday Trail trails intraday; the model is fixed at purchase

Daily loss limit

Option 2 includes one; Option 1 does not

EOD Trail: $500 on 25K rising to $2,000 on 150K; none published for Intraday Trail

Profit target and days to pass

Program-specific qualification targets with minimum-day requirements

Targets of $1,500–$9,000 by size, with a minimum of one qualifying trading day

Payout access

First $10,000 withdrawn without commission, then 90/10 under standard Master terms, with winning-day requirements and per-cycle caps

Up to weekly; five qualifying trading days; $500 minimum; maximum six payouts per Performance Account; 100% payout split

One-time cost

$145/$175/$215/$325 for 25K/50K/100K/150K Qualification, 30-day access window, resets available separately

$450/$550/$990/$1,890 list for 25K–150K EOD Trail, no rebilling, evaluation active 30 days, no resets

Platforms

Rithmic connectivity with NinjaTrader and supported third-party front ends

Multiple platforms offered at checkout; legacy accounts are sold across three platforms

FundingCodes offer

Referral access; see dated pricing caveats below

Editorial coverage only; no affiliate link

Rules

Drawdown: Bulenox Option 1/2 vs Apex EOD Trail and Intraday Trail

Bulenox keeps qualification narrow on purpose: Option 1 runs a real-time trailing drawdown with full size from day one, and Option 2 uses an end-of-day threshold with built-in scaling plus a daily loss limit. The choice is locked for the life of the account, overnight holding is prohibited on the standard route, and the qualification fee buys a 30-day access window rather than a recurring subscription.

Apex rebuilt its lineup around two evaluation paths. EOD Trail moves the drawdown threshold only when the session closes, while Intraday Trail trails during the session; both are fixed at purchase. The configurator publishes the profit target, maximum drawdown, daily loss limit, and contract limits before checkout, the advertised minimum to pass is a single qualifying day, there are no resets, and the evaluation stays active for 30 days. Legacy accounts sold before March 1, 2026 remain available during the current promotion in six balance tiers across three platforms and keep their original rule set.

Both firms sell simulated evaluations whose balances are not deposited cash, and both can be failed on rule mechanics rather than market direction. Neither firm guarantees qualification, funding, or a payout. We have no affiliate relationship with Apex, so its column here is editorial coverage only and is not paid for.

Which costs less at the account size you want?

Bulenox prices the standard Qualification route at a one-time $145/$175/$215/$325 for 25K/50K/100K/150K, with resets charged separately and Master Account activation carrying its own one-time fee by size. Professional Rithmic data adds a monthly charge if you need it.

Apex lists its new EOD Trail evaluations at $450/$550/$990/$1,890 for 25K/50K/100K/150K, with the intraday 25K tier listed at $167. Every one is a one-time fee with no rebilling, and the evaluation runs for 30 days. Apex also advertises a sitewide promo on its own homepage, shown as up to 90% off with a public code, which cut the EOD 50K from $550 to $55 while we were reading it on September 16, 2026. That promotion is Apex’s own: it is not a FundingCodes code, it is available to anyone, and it can end without notice.

Neither firm currently has a live FundingCodes code. Bulenox’s last verified code expired after September 8, 2026 and a replacement has not been issued, and Apex has never had one because we are not an affiliate. Treat the checkout total as the only real price, and re-check it on the day you buy: both firms rotate promotions, and Apex’s own promo was time-limited when we read it.

Bulenox vs Apex payout rules

Bulenox’s standard Master documentation describes the first $10,000 withdrawn without company commission and a 90/10 split afterward, with at least ten trading days before a first withdrawal, weekly Wednesday processing, a $1,000 minimum, and account-size caps on the early withdrawals. A 40% consistency rule applies to each request, and failing it delays a payout rather than breaching the account. Other Bulenox programs advertise different timing and should not be conflated with standard Master terms.

Apex’s EOD Performance Accounts pay up to weekly at a 100% payout split. Each request needs five qualifying trading days that each meet a minimum daily profit—$100 on 25K, $250 on 50K, $300 on 100K, $350 on 150K—plus a safety-net balance ($26,100 on 25K through $154,100 on 150K), a $500 minimum withdrawal, and a maximum of six payouts per Performance Account. A 50% consistency rule applies: no single day may account for more than half the profit since your last payout, and the calculation resets after each approved payout.

Apex markets the new program as having no payout denials and no payout reviews, and its published material still describes reward payouts as discretionary and subject to eligibility. On Trustpilot, 9% of its 21,024 reviews are one-star against 4% of Bulenox’s 1,780. Neither firm’s payout language removes the rule-based reasons a request can be delayed, so read the current policy for the exact program before you commit.

Platforms can rule out a firm before pricing does

Bulenox runs Rithmic connectivity with NinjaTrader plus more than twenty supported front ends, and its Qualification documentation warns that third-party API access can add a $100 monthly fee. Apex offers several platform options at checkout, with its legacy accounts sold across three platforms. Confirm platform, operating-system support, professional data status, and automation policy for the exact program before buying either firm.

Read the full reviews and check offers

Use these firm-specific guides for more detail on the rules and published offer terms.

Related comparisons

Each of these compares one of the two firms on this page against another firm, using the same rule-level format.

Official sources checked

Frequently asked questions

Is Bulenox or Apex Trader Funding cheaper to start?+

On list prices Apex’s new EOD evaluations cost more at every size we checked: $450 for 25K, $550 for 50K, $990 for 100K and $1,890 for 150K, against Bulenox’s $145/$175/$215/$325 Qualification tiers. Apex’s own sitewide promo was cutting those figures by up to 90% when we read it on September 16, 2026, which brought its 50K to $55, so compare live checkout totals on the day you buy rather than the list price.

Which firm makes a payout easier to reach?+

They gate payouts differently. Apex needs five qualifying trading days that each hit a minimum daily profit, a safety-net balance, a $500 minimum withdrawal and 50% consistency across those days. Bulenox’s standard Master terms need at least ten trading days before a first withdrawal, a $1,000 minimum, a 40% consistency check per request and per-cycle caps. Apex fits a trader who can stack five qualifying days that each clear its minimum daily profit; Bulenox fits a trader who can wait ten trading days for a first withdrawal and keep each request inside its 40% consistency check.

Does FundingCodes have a discount code for either firm?+

No. Bulenox’s last verified code expired after September 8, 2026 and no replacement has been issued, so we publish no code for it. We are not an affiliate of Apex Trader Funding at all, so there is no FundingCodes code and no referral link for it, and the Apex-side promotion described on this page is Apex’s own public promo.

Are both firms modelled on the same drawdown?+

No. Bulenox lets you pick one trailing model and locks it: real-time trailing with full size, or end-of-day with scaling and a daily loss limit. Apex separates the two into different products, with EOD Trail moving the threshold only at the close and Intraday Trail trailing through the session.

Do the public review scores agree with each other?+

No, and they are not directly comparable in volume. Bulenox carries 4.7 from 1,780 Trustpilot reviews with 90% five-star and 4% one-star; Apex carries 4.2 from 21,024 reviews with 81% five-star and 9% one-star. Apex has roughly twelve times the review volume and four times the one-star share, so read recent reviews for the program you are considering rather than treating the score as equivalent.

Can I trade more than one account?+

Apex advertises trading up to 20 accounts, and Bulenox publishes per-account rules without the same multi-account headline in the material we read. Confirm the current stacking and copy-trading policy for both firms before buying more than one account, because both can change those terms.