FXIFY vs Bulenox: Comprehensive Proprietary Trading Firm Comparison
Explore the differences between FXIFY and Bulenox, two leading proprietary trading firms. Compare their funding, profit splits, trading rules, and platforms to find the best fit for your trading style.
FXIFY
- Evaluation Fee Range
- $59.00 – $1,999.00
- Profit Split
- 80%
- Max Total Funding
- $100,000.00
- Trading Platforms
- MetaTrader 4, MetaTrader 5
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 | FXIFY | Bulenox |
|---|---|---|
| Profit Split | 80% | 90% |
| Evaluation Fee Range | $59.00 – $1,999.00 | $115.00 – $535.00 / month |
| Activation Fee | — | $98.00 |
| Data Platform Fee | — | — |
| Evaluation Steps | 0 – 3 | 1 – 2 |
| Profit Target | 5% – 10% | 6% |
| Daily Drawdown | 3% – 8% | 4% |
| Max Drawdown | 6% – 10% | 10% |
| Min Trading Days | 0 – 5 | 5 |
| News Trading | Yes | Yes |
| Scalping | Yes | Yes |
| Expert Advisors (EAs) | Yes | Yes |
| Weekend Holding | Yes | No |
| Trading Platforms | MetaTrader 4, MetaTrader 5 | Rithmic R | TRADER, NinjaTrader 8, NinjaTrader Mobile, ProjectX |
| Payout Methods | Bank transfer, PayPal, Cryptocurrency | ACH, Wire Transfer, PayPal, Venmo, Cryptocurrency, Wise |
| Headquarters | United Kingdom | United States |
Evaluation Process
FXIFY offers a multi-step evaluation process, accommodating both beginner and seasoned traders with options ranging from one-step to three-step evaluations. The firm sets a profit target of 10% with a max drawdown of 10%, ensuring traders demonstrate consistent risk management skills. Bulenox simplifies the entry with a single-stage evaluation process, requiring a lower profit target of 6%. This makes it an attractive choice for traders looking for a straightforward entry into prop trading. However, the daily drawdown is set at 4%, necessitating careful daily management.
Trading Rules & Restrictions
FXIFY provides traders with substantial flexibility, allowing news trading, scalping, and holding positions over the weekend. This flexibility is particularly beneficial for traders who utilize high-frequency strategies or those who prefer to maintain positions across varying market conditions. Conversely, Bulenox also supports news trading and scalping but restricts weekend holding, requiring traders to liquidate positions by week's end. Both firms permit the use of expert advisors, catering to algorithmic traders.
Profit Splits & Payouts
In terms of profit sharing, Bulenox offers a more generous split at 90%, compared to FXIFY's 80%. However, FXIFY compensates with higher maximum funding opportunities, potentially leading to larger overall earnings for successful traders. Both firms provide flexible payout methods including bank transfers and cryptocurrencies, with Bulenox offering additional options such as ACH and Venmo, which may appeal to U.S.-based traders.
Platforms & Tradable Markets
FXIFY supports popular trading platforms like MetaTrader 4 and 5, as well as DXtrade, appealing to forex and mixed market traders. Bulenox, on the other hand, offers a wide array of platforms including NinjaTrader and Sierra Chart, which are favored by futures traders. Both firms provide access to a variety of instruments, ensuring traders can diversify their strategies across different markets.
Account Sizes & Scaling
FXIFY excels in offering substantial account sizes, starting from $5,000 and scaling up to $4,000,000. This scalability is ideal for traders aiming to significantly grow their trading capital. Bulenox offers account sizes from $10,000 to $250,000, which is more constrained but sufficient for many futures traders. The absence of scaling options in Bulenox's model may limit long-term growth for traders seeking substantial capital increases.
Strengths & Weaknesses
FXIFY
Strengths
- High maximum funding up to $4,000,000.
- Multiple evaluation options catering to different trader levels.
- Allows news trading, scalping, and weekend holding.
- Offers popular trading platforms like MetaTrader 4 and 5.
Weaknesses
- Lower profit split of 80% compared to some competitors.
- Potentially higher evaluation fees for larger accounts.
- Complex multi-step evaluation process might deter some traders.
Bulenox
Strengths
- Generous 90% profit split.
- Simplified single-step evaluation process.
- Diverse range of trading platforms for futures traders.
- Lower evaluation fees compared to FXIFY.
Weaknesses
- Lower maximum funding cap at $250,000.
- No weekend holding allowed.
- Limited account scaling opportunities.
FAQs – FXIFY vs Bulenox
Which is better overall, FXIFY or Bulenox?
Choosing between FXIFY and Bulenox depends on your trading preferences. FXIFY offers higher maximum funding and flexible trading rules, which are ideal for traders who need large capital and trade across weekends. Bulenox provides a generous profit split and a simplified evaluation process, suitable for traders seeking straightforward conditions and focused futures trading.
Is FXIFY or Bulenox better for beginners?
Bulenox may be more beginner-friendly due to its single-step evaluation process and lower profit target, making it easier for new traders to qualify. FXIFY's multi-step evaluations and higher profit targets might be challenging for beginners, but they offer diverse programs for traders willing to scale.
How frequently do FXIFY and Bulenox process payouts?
Both FXIFY and Bulenox are known for their flexible payout schedules, allowing traders to request withdrawals at regular intervals. Specific payout frequency may depend on individual trader agreements and performance metrics.
What payout methods are available with FXIFY and Bulenox?
FXIFY supports bank transfers, PayPal, and cryptocurrency for payouts. Bulenox offers a broader range including ACH, Wire Transfer, PayPal, Venmo, Cryptocurrency, and Wise, providing more options for traders, particularly in the U.S.
How does customer support compare between FXIFY and Bulenox?
Both firms are committed to providing robust customer support. FXIFY and Bulenox offer multiple channels for assistance, including email and live chat, ensuring traders receive timely and effective help.
Do FXIFY and Bulenox offer educational resources?
FXIFY and Bulenox both aim to support trader growth with educational resources. However, the extent and depth of these resources can vary, with FXIFY often providing more diverse programs due to their multi-step evaluations.
Can I trade news events with both FXIFY and Bulenox?
Yes, both FXIFY and Bulenox allow news trading. This feature is beneficial for traders who capitalize on market volatility during economic announcements. However, only FXIFY permits weekend holding, offering more trading flexibility.
Which platforms and instruments are available with FXIFY and Bulenox?
FXIFY supports MetaTrader 4, MetaTrader 5, and DXtrade, covering forex and mixed markets. Bulenox provides platforms like NinjaTrader and Sierra Chart, focusing on futures markets, catering to different trading styles and preferences.
What are the account size options with FXIFY and Bulenox?
FXIFY offers a wide range of account sizes, from $5,000 to $4,000,000, allowing substantial growth potential. Bulenox provides accounts from $10,000 to $250,000, suitable for futures trading but limited in maximum size compared to FXIFY.
How do FXIFY and Bulenox handle account scaling?
FXIFY supports significant scaling opportunities, allowing traders to increase their account size up to $4,000,000 based on performance. Bulenox does not offer extensive scaling, focusing on maintaining fixed account sizes.
How difficult is the evaluation process for FXIFY and Bulenox?
FXIFY's multi-step evaluation process can be demanding, requiring traders to meet a 10% profit target. Bulenox simplifies this with a one-step process and a lower 6% profit target, making it easier for traders to pass and access funded accounts.
What are the evaluation costs for FXIFY and Bulenox?
FXIFY's evaluation fees range from $59 to $1,999, with costs varying by program size and type. Bulenox charges between $115 and $535, generally lower than FXIFY, reflecting their simpler evaluation model.
How do the profit splits of FXIFY and Bulenox compare?
Bulenox offers a higher profit split at 90%, which is advantageous for traders looking to retain a larger share of their profits. FXIFY provides an 80% split, balanced by higher funding potential, which can lead to larger overall earnings.
What are the profit withdrawal rules for FXIFY and Bulenox?
Both firms offer flexible profit withdrawal options. FXIFY and Bulenox allow traders to withdraw profits via methods like bank transfers and cryptocurrencies. Bulenox includes additional methods like ACH and Venmo, offering more convenience to U.S. traders.
Which is Better – FXIFY or Bulenox?
When choosing between FXIFY and Bulenox, consider your trading goals and strategy. FXIFY's large funding capability and flexible trading rules make it suitable for ambitious traders aiming for significant growth. In contrast, Bulenox's straightforward evaluation and generous profit split offer an attractive option for traders seeking simplicity and higher immediate earnings. Assess your priorities and align them with the firm that best supports your trading journey.