Head to head · 50K futures
vs
Bulenox vs Apex Trader Funding
Apex Trader Funding is the better value per attempt for 3 of our 5 example strategies, across 6 simulated accounts.
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Winner by trading strategy
| Strategy | Bulenox | Apex Trader Funding | Better value per attempt |
|---|---|---|---|
| Scalper | Fast Track, Option 2 (EOD) 50K (straight to funded): $795 EV, 13% chance of $2,500 | Intraday 50K (with activation fee): $186 EV, 4% chance of $2,500 | Bulenox Fast Track, Option 2 (EOD) 50K (straight to funded) |
| Momentum day trader | Option 2 (EOD) 50K: $332 EV, 8% chance of $2,500 | Intraday 50K (with activation fee): $462 EV, 9% chance of $2,500 | Apex Trader Funding Intraday 50K (with activation fee) |
| Home-run hitter | Option 2 (EOD) 50K: $305 EV, 8% chance of $2,500 | EOD 50K (with activation fee): $442 EV, 9% chance of $2,500 | Apex Trader Funding EOD 50K (with activation fee) |
| Steady grinder | Fast Track, Option 2 (EOD) 50K (straight to funded): $1,243 EV, 24% chance of $2,500 | Intraday 50K (with activation fee): $335 EV, 6% chance of $2,500 | Bulenox Fast Track, Option 2 (EOD) 50K (straight to funded) |
| News trader | Fast Track, Option 2 (EOD) 50K (straight to funded): $386 EV, 6% chance of $2,500 | Intraday 50K (with activation fee): $487 EV, 9% chance of $2,500 | Apex Trader Funding Intraday 50K (with activation fee) |
Chance of $2,500 = chance of passing × chance of then taking home at least $2,500, after the split, in three months of funded trading. EV = expected value per evaluation purchase over the same three months, after fees, counting every payout. 12,000 simulated attempts per account and strategy. How the model works.
Rules side by side
| Bulenox Option 2 (EOD) 50K | Bulenox Fast Track, Option 2 (EOD) 50K (straight to funded) | Apex Trader Funding EOD 50K (no activation fee) | Apex Trader Funding Intraday 50K (no activation fee) | Apex Trader Funding EOD 50K (with activation fee) | Apex Trader Funding Intraday 50K (with activation fee) | |
|---|---|---|---|---|---|---|
| Price | $44 | $293 | $119 | $80 | $59 | $25 |
| Activation | $148 | None | None | None | $129 | $79 |
| Profit target | $3,000 | None (straight to funded) | $3,000 | $3,000 | $3,000 | $3,000 |
| Drawdown (eval) | $2,500 end-of-day trailing | No evaluation | $2,000 end-of-day trailing | $2,000 intraday trailing | $2,000 end-of-day trailing | $2,000 intraday trailing |
| Drawdown (funded) | $2,500 end-of-day trailing | $2,000 end-of-day trailing | $2,000 end-of-day trailing | $2,000 intraday trailing | $2,000 end-of-day trailing | $2,000 intraday trailing |
| Daily loss limit | $1,100 (pauses the day) | $1,200 (pauses the day) | $1,000 (pauses the day) | $1,000 (pauses the day) | $1,000 (pauses the day) | $1,000 (pauses the day) |
| Consistency (eval) | None | No evaluation | None | None | None | None |
| Consistency (funded) | Best day ≤ 40% of profit | Best day ≤ 20% of profit | Best day ≤ 50% of profit | Best day ≤ 50% of profit | Best day ≤ 50% of profit | Best day ≤ 50% of profit |
| Split | 90% | 90% | 100% | 100% | 100% | 100% |
| First payout | 10 trading days · $2,600 buffer kept in the account · minimum $1,000 · cap $1,500 | $3,000 profit first · minimum $1,000 · cap $2,000 | 5 winning days of $250+ · $2,100 buffer kept in the account · minimum $500 · cap $1,500 | 5 winning days of $200+ · $2,100 buffer kept in the account · minimum $500 · cap $1,500 | 5 winning days of $250+ · $2,100 buffer kept in the account · minimum $500 · cap $1,500 | 5 winning days of $200+ · $2,100 buffer kept in the account · minimum $500 · cap $1,500 |
| Later payouts | 10 trading days between payouts · cap $1,500 · 3 payouts, then the account closes or moves to live | as often as daily · caps $2,000, $2,000, $2,500 (last repeats) · $2,000 new profit before each · consistency then 25%, 30% (last repeats) · 3 payouts, then the account closes or moves to live | 5 winning days of $250+ between payouts · caps $1,500, $2,000, $2,500, $2,500, $3,000 (last repeats) · 6 payouts, then the account closes or moves to live | 5 winning days of $200+ between payouts · caps $2,000, $2,500, $2,500, $3,000, $3,000 (last repeats) · 6 payouts, then the account closes or moves to live | 5 winning days of $250+ between payouts · caps $1,500, $2,000, $2,500, $2,500, $3,000 (last repeats) · 6 payouts, then the account closes or moves to live | 5 winning days of $200+ between payouts · caps $2,000, $2,500, $2,500, $3,000, $3,000 (last repeats) · 6 payouts, then the account closes or moves to live |
| News trading | Allowed | Allowed | Allowed | Allowed | Allowed | Allowed |
| Micro-scalping rule | None | None | None | None | None | None |
| Copy trading | Own accounts only | Own accounts only | Own accounts only | Own accounts only | Own accounts only | Own accounts only |
| Max funded accounts | 5 | 5 | 20 | 20 | 20 | 20 |
| Max loss per trade | No limit | No limit | No limit | No limit | No limit | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading | Yes: the firm can refuse payouts or close accounts for gambling-style trading | Yes: the firm can refuse payouts or close accounts for gambling-style trading | Yes: the firm can refuse payouts or close accounts for gambling-style trading | Yes: the firm can refuse payouts or close accounts for gambling-style trading | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
Full detail and sources: Bulenox · Apex Trader Funding. Dotted values are estimates still to be verified.