Both Apex and Bulenox compete hard on price, both run trailing drawdowns, and both flood your inbox with discount codes. So Apex vs Bulenox really comes down to a single question: when you strip away the coupons, which one has actually earned your trust? After funding evals at both, my answer leans one way — but the cheaper option has a real place too.
I'm the founder of FundedScore. Here's the honest comparison.
Apex vs Bulenox at a glance:
- Founded: Apex 2021 · Bulenox 2022
- Drawdown: trailing at both
- Cheapest eval: Apex ~$147 (often 80%+ off) · Bulenox ~$65 (frequent coupons)
- Profit split: 90% at both · Apex allows up to 20 accounts
The one-line answer
Apex wins on scale and reputation; Bulenox wins on raw entry price. For most traders, Apex is the safer core and Bulenox is a cheap extra. Here's why.
Apex Trader Funding — the popular standard
Apex Trader Funding (founded 2021, Austin TX) is the most popular futures prop firm, and its edge is scale plus reputation. You can run up to 20 funded accounts and copy-trade one strategy across all of them, and its discount codes are nearly constant — a $147 eval routinely drops 80%+. Payouts are well-trodden once you clear the threshold.
The catch is the trailing threshold drawdown, which fails runs early if you let open profit round-trip. Plan stops around it — see trailing vs static drawdown.
Best for: traders who want to scale across accounts at a firm with a strong payout reputation.
Bulenox — the budget option
Bulenox (founded 2022) competes almost entirely on price, with low entry evals (~$65) and regular coupons. If you want the cheapest possible extra attempt, it's attractive on sticker.
The trade-offs: it also runs a trailing drawdown, and community sentiment is more mixed than the top names — so verify current payout reports before you concentrate accounts there. As with any newer or less-established firm, the way to use it safely is small size first; this is the diligence I cover in are futures prop firms legit.
Best for: experienced traders who want a cheap additional account and will verify payouts themselves.
Apex vs Bulenox: the head-to-head
- Price: Bulenox is cheaper on sticker (~$65 vs ~$147), but Apex's deep discount codes routinely close — or erase — that gap. Compare live pricing in cheapest futures prop firm evaluations.
- Drawdown: Both trailing, so neither is beginner-ideal. If you're new, start at a static-drawdown firm instead.
- Scaling: Apex's up-to-20-accounts model is a real advantage for scaling a funded account; Bulenox is more of a single-account play.
- Trust: Apex has the stronger, more consistent payout reputation; Bulenox is more mixed.
So which should you pick?
- Want a reliable core account you'll scale? Apex — grab a current discount code and you're often paying near Bulenox prices anyway.
- Want the cheapest possible extra eval and you'll verify payouts? Bulenox has a place in a rotation.
- New to futures? Honestly, neither first — both run trailing drawdowns. Start with a static or end-of-day firm (see best futures prop firms for beginners), then add Apex to scale.
A practical way to decide: if you're going to lean on a firm for real income and scale into multiple accounts, pay for the one with the stronger payout reputation — that's Apex, and a discount code usually brings it down to budget-firm pricing anyway. If you just want a cheap second or third account to diversify your attempts and you're comfortable verifying payouts yourself, Bulenox earns its slot. The mistake is making a discount-driven firm your only account without checking its current track record.
Both are trailing-drawdown, discount-driven firms; the separator is trust and scale, where Apex leads. See both in the best futures prop firms ranking.
Frequently asked questions
Is Apex or Bulenox better? Apex is the stronger overall pick thanks to its scaling (up to 20 accounts) and more consistent payout reputation. Bulenox competes on raw entry price and works as a cheap extra account if you verify its current payouts.
Which is cheaper, Apex or Bulenox? Bulenox has the lower sticker price (~$65 vs ~$147), but Apex runs frequent 80%+ discount codes that often close the gap entirely. Always check for a current code before buying either.
Are Apex and Bulenox good for beginners? Not as a first choice — both use trailing drawdowns, which can fail you on a normal pullback. Beginners should start at a static or end-of-day firm and move to these once their risk discipline is solid.
Is Bulenox legit? Bulenox is a real, budget-focused firm, but community sentiment is more mixed than the top names — so verify its current payout reports and test it in small size before concentrating accounts there.
Does Apex or Bulenox have better discounts? Both lean on discount codes, but Apex's are near-constant and often 80%+ off, which frequently brings its higher sticker price down to (or below) Bulenox's. Always check for a live code before buying either.
Related guides
- Apex vs Take Profit Trader vs Topstep
- Cheapest futures prop firm evaluations
- Trailing vs Static Drawdown explained
- Best futures prop firms (2026): a funded trader's ranking
Trading futures carries substantial risk of loss. Nothing here is financial advice.
