Compare firms
Two whole firms side by side: what each publishes across markets, platforms, fees, loss models, permissions and payouts. Rex describes differences and never declares a winner.
Comparing two purchasable plans instead? Compare challenges.
Apex Trader Funding is a futures prop firm whose $25,000 evaluation asks for a $1,500 profit target against a $1,000 intraday trailing drawdown, with no daily loss limit, a 50% best-day consistency ceiling, one minimum trading day and a $59 one-time activation fee. Rewards are requested every five trading days and are kept in full while the account is sim-funded.
Bulenox is a futures prop firm funding traders up to $150,000 across four one-time evaluation accounts — Qualification, Fast Track, Momentum and Master — with no daily loss limit, no minimum trading days and the first $10,000 of payouts kept in full.
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Quick highlights
The differences most likely to change a decision, stated neutrally. Rex names no winner, because which of these matters depends entirely on how you trade.
Market
Apex Trader FundingFutures
BulenoxFutures
Both operate in the same market, so their published rules use comparable units.
Entry price
Apex Trader FundingFutures · USD · one-time · $167 | Futures · USD · monthly · $167/mo
BulenoxFutures · USD · one-time · $145
Entry price is the advertised figure only. Activation and reset charges are recorded separately and often decide the real cost.
Profit split (base)
Apex Trader Funding100%
Bulenox100%
A published base share is a commitment. A ceiling with no stated base is not, and Rex records it as not published rather than as the headline number.
Choice of plans
Apex Trader Funding17 options
Bulenox4 options
More options means more chance of a size and structure that suits you; it says nothing about the quality of any single plan.
Evaluation structures
Apex Trader Funding1-step
Bulenox1-step
One-step and two-step evaluations distribute the same difficulty differently. Neither is easier as a rule.
Evidence coverage
Apex Trader Funding49% documented
Bulenox88% documented
This measures how much of each firm Rex could source, not how good the firm is. A lower figure means less was published, not worse terms.
What the split difference is actually worth
Your assumptions, each firm's published split. Not a forecast, and not a reason on its own to pick either firm.
A 8% return on $100,000 is $8,000 gross per cycle, before each firm’s split.
Apex Trader Funding
- Split applied
- 100%
- Your share per cycle
- $8,000
- Across 3 cycles
- $24,000
- Less the entry price
- − $167
- Net
- $23,833
Bulenox
- Split applied
- 100%
- Your share per cycle
- $8,000
- Across 3 cycles
- $24,000
- Less the entry price
- − $145
- Net
- $23,855
This is arithmetic on your own assumptions, not a forecast. It ignores the thing that actually decides the outcome — whether you can reach a payout at all under each firm’s loss limit — and it ignores activation fees, resets and trading costs. Use it to see how much the split difference is worth, then go and read the drawdown model.
Published summary
Straight from the record. A blank is a real gap, not a formatting choice, and each sourced value can be opened to the page it was read from.
- Operating status
- Apex
- Bulenox
The status this firm is currently recorded as operating under. A provisional status is read from a secondary source and not yet confirmed on the firm's own page.
- Markets
- Apex
- FuturesDerived
- Bulenox
- FuturesDerived
Both operate in the same market, so their published rules use comparable units.
- Headquarters
- Apex
- Bulenox
The country the firm publishes as its headquarters.
- Founded
- Apex
- Bulenox
The year the firm states it was founded; a blank means it was not published, not that the firm is new.
- Challenge options
- Apex
- 17 optionsDerived
- Bulenox
- 4 optionsDerived
More options means more chance of a size and structure that suits you; it says nothing about the quality of any single plan.
- Evaluation structures
- Apex
- 1-stepDerived
- Bulenox
- 1-stepDerived
One-step and two-step evaluations distribute the same difficulty differently. Neither is easier as a rule.
- Published starting prices
- Apex
- FuturesFuturesDerived
- Bulenox
- FuturesDerived
The advertised entry price only. Activation and reset charges are recorded separately and often decide the real cost; monthly and one-time prices are not the same cost and are never compared.
- Profit split (base)
- Apex
- 100%Derived
- Bulenox
- 100%Derived
A published base share is a commitment. A ceiling with no stated base is not, and Rex records it as not published rather than as the headline number.
- Research depth
- Apex
- Partial research
- Bulenox
- Partial research
Evidence coverage of the firm, assigned by Rex research. It is not a quality, safety or Rex Score judgement.
- Data Confidence
- Apex
- 49% documentedDerived
- Bulenox
- 88% documentedDerived
How much of each firm Rex could source, not how good the firm is. A lower figure means less was published, not worse terms.
Change history
Terms change quietly. Each change is recorded only when two accepted observations differ; an empty list is the honest state for a first-seen record.
The record
Recent changes
What changed on this firm's own pages, when Rex read the difference, and what it changed from.
- PricepriceNeutral
$597 297 USD
Detected Sep 28, 2026 · independent report
- PricepriceNeutral
$197 167 USD
Detected Sep 28, 2026 · independent report
- Country availabilitycountryAvailabilityNeutral
Not collected 87 restricted countries
Detected Sep 25, 2026 · official terms
- Country availabilitycountryAvailabilityNeutral
Not collected 97 restricted countries
Detected Sep 25, 2026 · official terms
- HeadquartershqCountryNeutral
Not collected US
Detected Sep 24, 2026 · independent report
- FoundedfoundedYearNeutral
Not collected 2022
Detected Sep 24, 2026 · independent report
- FoundedfoundedYearNeutral
Not collected 2021
Detected Sep 24, 2026 · independent report
- FoundedfoundedYearNeutral
Not collected Not published
Detected Sep 23, 2026 · official terms
Platforms, instruments and permissions
Apex Trader Funding
- Platforms
- NinjaTrader · WealthCharts · Tradovate · Rithmic
- Instruments
- Index futures · Currency futures · Energy futures · Metals futures · Agricultural futures
- Loss models
- Trailing · intraday — Trailing · intraday · $1,000 · Trailing · end of day — Trailing · end of day · 3% · Daily loss — 1.5% of start-of-day balance · session lockout
- Permissions
- News trading: Allowed · Normal strategy only; 'chase the market' or both-sides news strategies are not allowed · Overnight holding: Prohibited · All positions must be closed before the market close · Weekend holding: Prohibited · Positions may not be held through any market close, including Friday's
- Payout policy
- Profit split: 100% · Payout cadence: First payout after 5 days · then every A payout may be requested every 5 trading days
Bulenox
- Platforms
- NinjaTrader · R|Trader Pro · Quantower · Sierra Chart · MultiCharts · ATAS
- Instruments
- Index futures · Energy futures · Metals futures · Currency futures · Agricultural futures · Livestock futures · Crypto futures
- Loss models
- Trailing · intraday — Trailing · intraday · $2,500 · Daily loss — No daily limit
- Permissions
- News trading: Allowed · Overnight holding: Prohibited · all positions must be closed by 3:59 PM CT · Weekend holding: Prohibited · all positions must be closed by 3:59 PM CT each session
- Payout policy
- Profit split: 100% · Payout cadence: First payout after 10 days · then every First $10,000 in payouts is 100% yours
Reviews
Offers and activity
- Apex Trader Funding1 active offer0 verified payouts · 0 notices
- Bulenox0 active offers0 verified payouts · 0 notices
Country availability
Where each firm opens accounts. A firm that says nothing about your country is unknown, never available. Rows marked preview are examples, not firm statements.
Apex Trader Funding
CITEDAvailable0Restricted85Check your countryBulenox
CITEDAvailable0Restricted95Check your country
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Common pairings across both markets, generated from the record rather than from traffic.
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Apex Trader Funding and Bulenox are described here from what each publishes. Where a field is blank for one firm and filled for the other, that is a difference in disclosure rather than a difference in quality.