Apex Trader Funding vs Bulenox: The Ultimate 2026 Comparison
Apex Trader Funding and Bulenox are two of the most popular futures prop firms, both offering 100% profit splits and a choice of drawdown model. Apex leans on a one-time-fee evaluation and Tradovate; Bulenox on an automation-friendly rule set. Here is the 2026 breakdown.
Apex Trader Funding
Bulenox
Apex Trader Funding vs Bulenox: 2026 at a glance
| Feature | Apex Trader Funding | Bulenox |
|---|---|---|
| Type / Founded | Futures prop, 2021 / Austin, TX | Futures prop, est. 2022 |
| Evaluation model | Single-step eval (one-time fee); EOD or intraday | Qualification-Master-Funded; Option 1 or Option 2 |
| Account sizes | $25k-$150k | $10k-$250k |
| Fee type | One-time eval fee (frequent discounts) | Eval + Master activation (~$98-$348); discounts |
| Max daily loss | EOD $500-$2,000; Intraday none | Option 2 daily limit (~$1,100/$50k); Option 1 none |
| Max overall drawdown | Trailing (EOD or intraday choice) | Trailing (Option 1) / EOD (Option 2) |
| Profit split | 100% (new Performance Accounts) | 100% first $10k, then 90/10 |
| Payout | Up to weekly; 5 qualifying days; max 6 per PA | Weekly (Wednesdays) |
| Consistency rule | 50% (funded PA) | 40% (at payout) |
| Platforms | Tradovate, Rithmic, NinjaTrader | Rithmic (R|Trader Pro, NinjaTrader 8, Quantower, ATAS) |
| Best for | 100% split + fast one-time-fee eval | Automation-friendly futures with drawdown choice |
Apex Trader Funding: one-time fee, 100% split
Apex overhauled its model with Apex 4.0 in March 2026: a single-step evaluation with a one-time fee and a choice between end-of-day trailing drawdown or intraday trailing drawdown. Account sizes run $25k to $150k, with dollar-based profit targets and a flat 100% payout split on new Performance Accounts.
Payouts are available up to weekly after five qualifying trading days, with a maximum of six payouts per account on an escalating cap schedule before re-evaluation. A 50% consistency rule applies on funded accounts only. Platforms include Tradovate, Rithmic and NinjaTrader.
Pros
- Flat 100% profit split on new Performance Accounts
- One-time, non-recurring evaluation fee since 4.0
- Intraday path can be passed in as little as one day
- Tradovate support and frequent deep discounts
Cons
- Max account size capped at $150k since 4.0
- Payouts capped per request; max six per account
- Drawdown is trailing on both EOD and intraday paths
- US-focused with restricted countries
Best for: Futures traders who want to keep 100% of profits with a fast, one-time-fee evaluation.
Visit Apex Trader Funding →Bulenox: automation-friendly with drawdown choice
Bulenox runs a three-stage Qualification, Master and Funded path across six sizes ($10k-$250k). Each size sells in two flavors: Option 1 (real-time trailing drawdown, no scaling, full contracts from day one) or Option 2 (end-of-day drawdown plus a scaling plan and a daily loss limit). Profit split is 100% on the first $10,000 of lifetime Master profits, then 90/10.
Payouts are processed weekly (Wednesdays), with a 40% consistency rule at payout. It runs on Rithmic front-ends (R|Trader Pro, NinjaTrader 8, Quantower, ATAS) and is one of the most automation-friendly firms, explicitly allowing EAs, bots, TradingView Pine strategies and external APIs. A one-time Master activation fee (~$98-$348) applies after passing.
Pros
- 100% on the first $10k, then 90/10
- Choice of real-time or EOD trailing drawdown
- Very automation-friendly (bots, Pine, APIs)
- Weekly payouts and cheap with discount codes
Cons
- Futures-only firm
- Option 1 uses a real-time trailing drawdown
- 40% consistency rule at payout
- Rithmic-only ecosystem; activation fee after passing
Best for: Automation and algo futures traders who want a choice of drawdown model and weekly payouts.
Visit Bulenox →Head-to-head: the key differences
Two leading futures firms, both 100%-split friendly. Here is what decides it.
Profit split
Apex offers a flat 100% on new Performance Accounts; Bulenox pays 100% on the first $10,000 of lifetime profits, then 90/10. For sustained high earners, Apex flat 100% edges ahead; for smaller or earlier payouts, both are effectively 100%.
Drawdown choice
Both let you choose between real-time/intraday trailing and end-of-day trailing. Apex frames it as EOD vs Intraday; Bulenox as Option 2 (EOD, scaling, daily limit) vs Option 1 (real-time trailing, full contracts). Similar flexibility.
Automation
Bulenox is one of the most automation-friendly futures firms, explicitly allowing bots, TradingView Pine, NinjaScript and external APIs; Apex allows EAs but is less explicitly algo-focused. Algo traders lean Bulenox.
Payouts & platforms
Apex pays up to weekly (five qualifying days, capped per request, max six per account); Bulenox pays weekly on Wednesdays. Apex adds Tradovate; Bulenox offers a broad Rithmic front-end set.
Final verdict
Choose Apex Trader Funding for a flat 100% split, a one-time-fee evaluation and Tradovate support with a huge user base. Choose Bulenox for the most automation-friendly rule set, a choice of real-time vs EOD drawdown, and weekly Wednesday payouts.
Both are futures-only firms trading on simulated capital; understand the drawdown and payout mechanics before you buy.
Frequently asked questions
What is the profit split on Apex and Bulenox?
Apex offers a flat 100% split on new Performance Accounts. Bulenox pays 100% on the first $10,000 of lifetime profits, then 90/10.
Do they offer a choice of drawdown?
Yes. Apex offers EOD versus intraday trailing drawdown. Bulenox offers Option 2 (EOD plus scaling and a daily loss limit) versus Option 1 (real-time trailing, full contracts).
Which is better for automation?
Bulenox is among the most automation-friendly futures firms, explicitly allowing bots, TradingView Pine, NinjaScript and external APIs. Apex allows EAs.
How do payouts work?
Apex pays up to weekly after five qualifying trading days, capped per request (max six per account). Bulenox pays weekly on Wednesdays.
What platforms do they support?
Apex offers Tradovate, Rithmic and NinjaTrader. Bulenox runs on Rithmic front-ends including R|Trader Pro, NinjaTrader 8, Quantower and ATAS.