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Apex Trader Funding, founded in 2021 and based in United States, and Bulenox, founded in 2022 and based in United States, 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 11 accounts. Both firms support NinjaTrader, Tradovate, Rithmic and 1 more platforms.
Apex Trader Funding is the cheaper way in at $79 true cost versus $167 for Bulenox. 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 Trailing account, after current discounts and activation fees.
| 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 |
| Starting Price | $167 | $145 |
| True Cost (default account) | $79 · $50,000 | $167 · $50,000 |
| Max Drawdown (default account) | $2,000 | $2,500 |
| Daily Loss Limit (default account) | $1,000 | None |
| Largest Account | $300,000 | $250,000 |
| Payout Frequency | Every 5 trading days | Weekly |
| Min First Payout | 5 days | 10 days |
| Evaluation Type | 1-step | 1-step |
| Platforms | 7 | 5 |
| Discount | 90% off | 89% off |
Read the full Apex Trader Funding review for rules, pricing tiers and payout details.
Read the full Bulenox review for rules, pricing tiers and payout details.
Apex Trader Funding offers a 100% profit split with 1-step evaluation, while Bulenox offers 90% with 1-step evaluation. Apex Trader Funding supports 7 trading platforms and Bulenox supports 5. Apex Trader Funding has a trader rating of 4.2/5 compared to Bulenox's 4.7/5.
Bulenox has the lower starting price at $145 for a $25,000 account, compared to Apex Trader Funding at $167 for a $25,000 account. After discounts and activation fees, Apex Trader Funding's $50,000 account costs $79 all-in versus $167 for Bulenox's $50,000 account. Both firms offer discounts — Apex Trader Funding at 90% off and Bulenox at 89% off.
Apex Trader Funding pays out every 5 trading days with a minimum of $500, while Bulenox pays out weekly with a minimum of $1,000. Apex Trader Funding requires 5 trading days for the first payout and Bulenox requires 10 days.
Apex Trader Funding does not allow trading bots globally, while Bulenox allows them. For VPN usage, Apex Trader Funding permits VPN and Bulenox permits VPN usage.
Apex Trader Funding vs Bulenox for 2026: compare evaluation types (1-step vs 1-step), payout cadence (Every 5 trading days vs Weekly), 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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