At a glance

Category winners across the firms you picked

Cheapest to start

Bulenox

$14 true cost

Highest rated

Bulenox

4.7 / 5 trader rating

Best profit split

Apex Trader Funding

100% to the trader

Most funding

Apex Trader Funding

$3M max funding

Fastest payout

Bulenox

Daily

The bottom line

Accounts compared here

True cost here means the initial account fee plus activation after the displayed promotion. It excludes renewals, resets, taxes and optional charges. Open each account for its billing terms, evaluation rules and funded payout requirements; a lower entry cost does not guarantee a payout.

44 of 61 metrics differ

Apex Trader Funding4.2Details

Bulenox4.7Details

Side-by-side comparison of Apex Trader Funding, Bulenox
	Apex Trader Funding$50K	Bulenox$50K
Account Pricing
Price	$64$79992% OFF	Best value: $14$14390% OFF
Activation Fee	None	None
True Cost	$64after discount + activation	Best value: $14after discount + activation
Reset Fee	Not available	Not published
Current Promotion	LUMI (92% off)	LUMI (90% off)
Evaluation Phase
Profit Target	$3,0006.0% of account	$3,0006.0% of account
Max Drawdown	$2,000	Best value: $2,250
Drawdown Type	Intraday	Intraday
Daily Loss Limit	None	None
Max Position Size	6 contracts	Best value: 7 contracts
Consistency Rule	No	No
Funded Phase
Max Drawdown	$2,000	Not published
Drawdown Type	Intraday	Intraday
Daily Loss Limit	$1,000	Best value: None
Max Payout/Cycle	$3,000Min: $500	$3,000Min: $1000
Consistency Rule	50%	35%
Value MetricsDerived from price, discount, targets and payout caps — fewer breakeven cycles and higher first-cycle ROI mean the account pays for itself faster.
Breakeven Winning Cycles	1 cycle	1 cycle
Max First-Cycle ROI	2247%	Best value: 10390%
Target : Drawdown	1.50lower = easier to pass	Best value: 1.33lower = easier to pass
Company Info
Established	2021	2022
CEO	Darrell Martin	Not disclosed
Country	United States	United States
Trader Rating	4.2	Best value: 4.7
Features
Allows Scaling	Yes	No
Daily Payouts	No	Yes
1-Day Pass	Yes	Yes
KYC Required	Required	Required
Trading
Instruments	ES, NKD, NQ, YM, EMD, RTY, 6A, 6B +46 more	EMD, ES, RTY, NQ, MES, MNQ, M2K, MBT +35 more
Evaluation Types	1-step	1-step, Instant funding
Platforms	NinjaTrader, TradingView, Quantower +11 more	R\|Trader Pro, NinjaTrader, Bookmap +19 more
Max Funding	Best value: $3M	$2.75M
Profit Split	Best value: 100%	90%
Max Accounts	20 funded · Not published evaluation	5 funded · Unlimited evaluation
Trading Rules
Scalping	Allowed	Allowed
Payouts
Payout Frequency	Every 5 trading days	Daily
Min Payout	$500	from $500
Payout Methods	ACH direct deposit to a US bank account (US-resident traders), Local bank transfer through the Plane payment platform (non-US traders)	ACH transfer, Wire transfer +1 more
Payout StructureHow money actually leaves the account: what you must do to qualify, how much each payout may be, and when the cap stops applying.
Payout cadence	Every 5 trading days	Daily
Eligibility	5 trading days · 5 profitable days · profit above buffer	5 profitable days · profit above buffer
Payout cap	$1,500 (#1) → $2,000 (#2) → … → $3,000 (#5-#6)	$1,500 (#1) → $2,000 (#2) → … → $3,000 (#4)
Payout limit	6 payouts	Unlimited
Safety-net buffer	Max loss + $100	None
Scaling	Tiered by balance · 4 tiers	None
Activation fee	One-time	None
Evaluation TermsThe shape of the challenge itself, including where the consistency rule applies — an evaluation-only rule and one that binds for the life of the account are very different obligations.
Evaluation type	1-step	1-step
Time limit	30 days	30 days
Min trading days	None	None
Fastest possible pass	1 day	1 day
Resets	Not available	Not published
Consistency rule	50%	35%
Consistency applies to	Every payout cycle	Every payout cycle
What You May TradeEach firm's own position on the strategies traders get breached for, with its published qualification. A restriction is not the same as a ban.
News trading	! RestrictedTrading through a news release with a normal day-to-day strategy is allowed, but strategies built around the release…	✓ Allowed…
Weekend holding	? Not publishedNo weekend-specific rule is published, but every position must be closed before the daily 4:59 PM ET close, which…	✗ Not allowed“All positions must be closed before the session close; overnight and weekend positions are prohibited” (Momentum…
Overnight holding	✗ Not allowedAll positions must be closed before the 4:59 PM ET close; “Traders engaging in these prohibited activities will forfeit”…	? Not published“Holding positions overnight is strictly prohibited” (Qualification Rules), with the hard deadline…
Bots & automation	✗ Not allowed“No Automation or Algorithm Usage allowed: Rewards are intended to recognize human traders actively participating in”…	? Not publishedPermitted by the FAQ and the help centre, but gated by the Terms of Use, and the two are never reconciled.…
High-frequency trading	✗ Not allowedListed under manipulation of the simulated environment: “including High Frequency Trading (HFT) or any other”…	? Not publishedProhibited in substance by the same Terms of Use clause.…
Dollar-cost averaging	? Not publishedThe only published DCA rule sits in the Legacy PA compliance and consistency articles: “DCA is allowed under this”…	? Not publishedNo rule on averaging down, scaling into a position, martingale or grid trading appears anywhere on the public site.…
Hedging	✗ Not allowed“No Hedging of Any Kind – Directional Trading only.”…	? Not publishedThe word “hedge” and its variants appear nowhere in the help centre, the FAQ or the four legal PDFs — no rule addresses…
Copy trading	! RestrictedCopying between the trader's own accounts is permitted — “Copy trading across PA accounts under your personal name and”…	? Not publishedCopiers are named in the same answer as bots and carry the same limit…
Microscalping	✓ AllowedNo minimum hold time or entry/exit spacing is imposed, and the firm markets the absence of one (…	? Not publishedRestricted, and only in its automated form.…
VPN	! RestrictedNot banned outright — banned for concealment: “You may not use VPNs, proxy servers, cloud servers, anonymizing tools,”…	? Not publishedNo VPN, VPS, proxy or connection-location rule is published.…

Apex Trader Funding vs Bulenox: Full Comparison

Apex Trader Funding, founded in 2021, based in US, and Bulenox, founded in 2022, based in US, are both popular choices among futures prop traders. Apex Trader Funding offers up to $3,000,000 in funding across 20 accounts, while Bulenox provides up to $2,750,000 across 5 accounts. Both firms support NinjaTrader, Quantower, Sierra Chart and 5 more platforms.

The verdict

Bulenox is the cheaper way in at $14 true cost versus $64 for Apex Trader Funding. Apex Trader Funding returns more to the trader with a 100% profit split. Bulenox has the stronger reputation with a 4.7/5 trader rating. Apex Trader Funding scales the furthest with up to $3M in funding. True cost compares Apex Trader Funding's $50,000 Intraday Trail No Activation Fee account with Bulenox's $50,000 Momentum · Trailing account, after current discounts and activation fees.

Key statistics for Apex Trader Funding and Bulenox
Feature	Apex Trader Funding	Bulenox
Profit Split	100%	90%
Trader rating	4.2/5	4.7/5
Max Funding	$3,000,000	$2,750,000
Entry cost (cheapest account)	$55	$9
True Cost (selected account)	$64 · $50,000	$14 · $50,000
Max Drawdown (selected account)	$2,000	Not published
Daily Loss Limit (selected account)	$1,000	None
Largest Account	$300,000	$150,000
Payout Frequency	Every 5 trading days	Daily
Trading days per payout cycle (selected account)	5 trading days	Not published
Evaluation Type	1-step	1-step, Instant funding
Platforms	14	22
Discount	up to 92% off	up to 90% off

Where Apex Trader Funding Wins

+Higher profit split (100% vs 90%)
+Higher max funding ($3,000,000 vs $2,750,000)
+More allowed accounts (20 vs 5)
+Bigger current discount (up to 92% vs up to 90%)
+Longer track record (since 2021)

Read the full Apex Trader Funding review for rules, pricing tiers and payout details.

Where Bulenox Wins

+Higher trader rating (4.7 vs 4.2)
+Lower entry cost on its cheapest account, a $25,000 ($9 vs $55 for a $25,000)
+Offers daily payouts
+More platform options (22 vs 14)

Read the full Bulenox review for rules, pricing tiers and payout details.

Frequently Asked Questions

What is the main difference between Apex Trader Funding and Bulenox?

Apex Trader Funding offers a 100% profit split with 1-step evaluation, while Bulenox offers a 90% profit split with 1-step/Instant funding evaluation. Apex Trader Funding supports 14 trading platforms and Bulenox supports 22. Apex Trader Funding has a trader rating of 4.2/5 compared to Bulenox's 4.7/5.

Which is cheaper, Apex Trader Funding or Bulenox?

Bulenox is cheaper to enter: $14 all-in for a $50,000 account, against $64 for Apex Trader Funding's $50,000 account. Both figures are after the current discount and include the activation fee. Both firms offer discounts — Apex Trader Funding at up to 92% off and Bulenox at up to 90% off.

Which has better payout terms, Apex Trader Funding or Bulenox?

Apex Trader Funding pays out every 5 trading days with a minimum of $500, while Bulenox pays out daily with a minimum of $1,000. Apex Trader Funding's selected account requires at least 5 trading days per payout cycle, and The trading-day requirement for Bulenox's selected payout cycle is not published. Qualifying-day profit thresholds, buffers, consistency rules and approval requirements still apply. A trading-day minimum is not a payment-delivery estimate.

Can I use trading bots with Apex Trader Funding and Bulenox?

Apex Trader Funding does not allow trading bots, while Bulenox does not publish a trading-bot policy. On VPNs, Apex Trader Funding permits VPN use under published conditions and Bulenox does not publish a VPN policy.

Apex Trader Funding vs Bulenox — quick answer

Apex Trader Funding vs Bulenox for 2026: compare evaluation types (1-step vs 1-step, Instant funding), payout cadence for the selected accounts (Every 5 trading days vs Daily), platforms, and true challenge cost. Apex Trader Funding offers a higher profit split (100% vs 90%). Use the tables below for drawdown, minimum days, and current promotion status before you buy.

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