FTMO vs Bulenox: Comprehensive Proprietary Trading Firm Comparison
Choosing the right proprietary trading firm is crucial for traders seeking funding and opportunities. This comparison between FTMO and Bulenox looks at key aspects such as evaluation processes, trading rules, platforms, and payout systems to help you make an informed decision.
FTMO
- Evaluation Fee Range
- €89.00 – €1,080.00; $89.00 – $1,080.00
- Profit Split
- 80%
- Max Total Funding
- $200,000.00
- Trading Platforms
- MetaTrader 4, MetaTrader 5, cTrader
Bulenox
- Evaluation Fee Range
- $115.00 – $535.00 / month
- Profit Split
- 90%
- Max Total Funding
- $250,000.00
- Trading Platforms
- Rithmic R | TRADER, NinjaTrader 8, NinjaTrader Mobile, ProjectX
Key Metrics Comparison
This table compares the facts currently shown for each firm side by side.
— means a supported value is currently not available on WhichPropFirm for that field. It does not mean zero.
| Metric | FTMO | Bulenox |
|---|---|---|
| Profit Split | 80% | 90% |
| Evaluation Fee Range | €89.00 – €1,080.00; $89.00 – $1,080.00 | $115.00 – $535.00 / month |
| Activation Fee | $0.00 | $98.00 |
| Data Platform Fee | — | — |
| Evaluation Steps | 2 | 1 – 2 |
| Profit Target | 10% | 6% |
| Daily Drawdown | 5% | 4% |
| Max Drawdown | 10% | 10% |
| Min Trading Days | 4 | 5 |
| News Trading | No | Yes |
| Scalping | Yes | Yes |
| Expert Advisors (EAs) | Yes | Yes |
| Weekend Holding | No | No |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader | Rithmic R | TRADER, NinjaTrader 8, NinjaTrader Mobile, ProjectX |
| Payout Methods | Bank Transfer, Crypto | ACH, Wire Transfer, PayPal, Venmo, Cryptocurrency, Wise |
| Headquarters | Czech Republic | United States |
Evaluation Process
FTMO employs a two-step evaluation process consisting of the Challenge and Verification phases. Traders must achieve a 10% profit target in the Challenge stage and a 5% in the Verification stage, with a maximum drawdown of 10% and a daily drawdown limit of 5%. The process is designed to test a trader's consistency and discipline over a minimum of four trading days. Bulenox, in contrast, uses a single-stage evaluation with a 6% profit target and a similar 10% maximum drawdown. The simplicity of Bulenox's evaluation can be appealing to traders looking for a quicker path to funded status, though it requires a minimum of five trading days.
Trading Rules & Restrictions
FTMO's trading rules are strict, disallowing news trading and weekend holding, but permitting scalping and the use of Expert Advisors. This makes it suitable for traders who prefer to avoid high-volatility periods like news releases. Bulenox offers more flexible rules, allowing news trading and scalping, which can be advantageous for traders who capitalize on news events. Both firms prohibit weekend holding, aligning with industry standards to mitigate risk.
Profit Splits & Payouts
FTMO offers an 80% profit split, with the potential to increase to 90% based on long-term performance, and processes payouts monthly via bank transfer, cryptocurrency, Skrill, or PayPal. Bulenox provides a more generous 90% profit split with bi-weekly payouts, which may appeal to traders seeking more frequent access to their profits. Payment methods include ACH, wire transfer, PayPal, Venmo, cryptocurrency, and Wise, offering plenty of flexibility.
Platforms & Tradable Markets
FTMO supports popular platforms like MetaTrader 4 and 5, cTrader, and DXtrade, catering to traders familiar with these tools. The firm allows trading in a mixed range of instruments, including forex and CFDs. On the other hand, Bulenox focuses on futures trading and supports a variety of platforms such as NinjaTrader, R|Trader Pro, Quantower, and more, appealing to futures traders who require specialized tools.
Account Sizes & Scaling
FTMO offers substantial account sizes, with maximum funding of up to $2,000,000, providing significant growth potential for successful traders. Bulenox, while capping at $250,000, offers a straightforward account scaling process with options like No Scaling (Trailing Drawdown) and EOD accounts, which can be beneficial for traders looking for specific drawdown management strategies.
Strengths & Weaknesses
FTMO
Strengths
- High maximum funding limit of $2,000,000.
- Wide range of trading platforms and instruments.
- Potential for profit split to increase to 90%.
- Allows use of Expert Advisors.
Weaknesses
- No news trading or weekend holding allowed.
- Two-stage evaluation can be time-consuming.
- No refund policy on evaluation fees.
Bulenox
Strengths
- Generous 90% profit split.
- Allows news trading and scalping.
- Bi-weekly payout frequency.
- Multiple platform options for futures trading.
Weaknesses
- Lower maximum funding cap at $250,000.
- No refund policy on evaluation fees.
- Evaluation requires a minimum of five trading days.
FAQs – FTMO vs Bulenox
Which firm is better overall, FTMO or Bulenox?
Overall, the better choice depends on your trading style and preferences. FTMO offers higher funding and is ideal for forex and CFD traders, while Bulenox's generous profit split and news trading flexibility make it attractive for futures traders. Consider what aspects are most important for your trading success.
Which firm is better for beginners, FTMO or Bulenox?
For beginners, Bulenox might be more approachable due to its single-stage evaluation process and flexible trading rules, while FTMO's structured evaluation and higher potential funding could be better suited for those with some trading experience.
How often can I expect payouts from FTMO and Bulenox?
FTMO offers monthly payouts, whereas Bulenox provides more frequent bi-weekly payouts, which could be advantageous for traders seeking faster access to their earnings.
What payout methods are available with FTMO and Bulenox?
FTMO supports payouts via bank transfer, cryptocurrency, Skrill, and PayPal. Bulenox offers a wider range, including ACH, wire transfer, PayPal, Venmo, cryptocurrency, and Wise, giving traders a variety of options.
How does customer support compare between FTMO and Bulenox?
While both firms offer responsive customer support, FTMO's long-standing market presence might provide more comprehensive assistance. Bulenox, being newer, is still establishing its support reputation.
What educational resources are available from FTMO and Bulenox?
FTMO offers a range of educational materials and webinars to support trader development. Bulenox, while newer, is expanding its educational offerings, focusing primarily on futures trading insights.
Can I trade news events with both FTMO and Bulenox?
News trading is not allowed with FTMO, which may restrict traders who thrive on volatility. Bulenox, however, permits news trading, providing more flexibility for traders who leverage news-driven market movements.
Which platforms and instruments can I trade with FTMO and Bulenox?
FTMO supports MetaTrader 4 and 5, cTrader, and DXtrade, with a focus on forex and CFDs. Bulenox offers a range of futures trading platforms, like NinjaTrader and others, catering to traders looking for futures market access.
What's the maximum funding I can get with FTMO vs Bulenox?
FTMO offers a maximum funding of $2,000,000, which is significantly higher than Bulenox's $250,000. This makes FTMO a better choice if you're looking for higher capital to manage.
How do account scaling opportunities differ between FTMO and Bulenox?
FTMO provides extensive scaling opportunities with its substantial maximum funding. Bulenox offers tailored account options like No Scaling and EOD accounts to manage drawdowns effectively, appealing to traders with specific scaling strategies.
How difficult is the evaluation process for FTMO compared to Bulenox?
FTMO's two-step evaluation process may be more challenging and time-consuming, requiring a 10% profit target initially and a 5% in the subsequent stage. Bulenox's single-stage evaluation with a 6% profit target could be less demanding for those seeking quicker evaluations.
What are the costs of evaluation for FTMO and Bulenox?
FTMO's evaluation fees range from $89 to $1,080, reflecting the potential funding size. Bulenox's fees are between $115 and $535, generally lower due to its smaller maximum funding. Neither firm offers refunds on evaluation fees.
How do profit splits compare between FTMO and Bulenox?
FTMO offers an initial profit split of 80%, which can increase to 90% based on performance. Bulenox provides a standard 90% profit split, making it more attractive for traders prioritizing immediate high profit sharing.
What are the profit withdrawal rules for FTMO vs Bulenox?
FTMO processes payouts monthly, while Bulenox offers bi-weekly withdrawals. Both firms provide multiple payout methods, including bank transfers and cryptocurrencies, allowing flexibility in accessing profits.
Which is Better – FTMO or Bulenox?
Choosing between FTMO and Bulenox ultimately depends on your trading style, market preference, and funding needs. FTMO is a strong choice for those seeking significant funding in forex and CFDs, while Bulenox offers excellent conditions for futures traders with its generous profit split and flexible trading rules. Evaluate your priorities and select the firm that aligns best with your trading goals.