Make sure that the profit target on your account has been reached and you have at least 1 trading day.
These requirements could be checked through the "Reports" tab in Bulenox Profile. The "Reports" tab is updated by the end of the trading day.Once the Qualification Account has met the profit target and at least 1 trading day is completed, the passed account will be automatically sent for the review.
Verification can take up to 24 hours. After all the verification of your information and accounts has been completed, you will receive an email with a certificate, instructions, questionnaire, and contract.
You no longer need to pay for a subscription to a Qualification Account. The subscription to the Qualification Account will be canceled by the Administrator.
Also a Trader can manage the subscription in his/her Member's Area. In order to do that, it is necessary to log in to the profile and select the needed account. You will be able to see the buttons "Cancel" and "Terminate". The button "Cancel" will cancel the subscription and the account stays active until the expiration date. The button "Terminate" will cancel the subscription and delete your account from your dashboard and trading platform immediately.Updated 9/15/2021
For the Master Account with Option 1 and Option 2, there is no monthly cost, just a one-time activation fee that includes a data feed and maintenance fee. The activation fee is based on the selected account size:
$10,000 Account - $98
$25,000 Account - $143
$50,000 Account - $148
$100,000 Account - $248
$150,000 Account - $498
$250,000 Account - $898
Updated May/2/2022
- A Trader can simultaneously have several Qualification and Master accounts.
- All additional accounts created by a trader must be under the same Rithmic User Id.
- Trader could have up to 11 active Master Accounts at a time.
Multiple Accounts:
Traders can activate up to three (3) Master Accounts simultaneously. To activate each additional Master Account, it is required to reach the initial starting balance on one of the three previously activated accounts. Each subsequent Master Account is reviewed individually and can be added once Max Drawdown reaches the initial starting balance on the most recently activated Master Account. Multiple Master Accounts cannot be combined into one larger account.
IMPORTANT: If it is found that a trader has registered several logins on Bulenox.com and has several Rithmic User IDs from Bulenox.com, then we reserve the right to completely delete the Rithmic User ID and block the trader's profile without a refund.
Updated Aug/11/2023
The Master Account will be opened after we receive the completed application form and the signed contract. You will receive an email informing you that the Master Account is open. After that, you can start earning and getting paid based on your result.
The trailing rules for the Master Account are the same as for the Qualification Account, except that there is no option to reset the account. The trailing or EOD drawdown stops moving when the trailing or EOD drawdown reaches the initial starting balance +100.
Trailing and EOD Drawdown Amount (TDA):
$10,000 - TDA of $1,000
$25,000 - TDA of $1,500
$50,000 - TDA of $2,500
$100,000 - TDA of $3,000
$150,000 - TDA of $4,500
250,000 - TDA of $5,500
If the trader exceeds the maximum trailing drawdown, the account will be closed by the Administrator.
The Master Account is designed for a long-term relationship with the opportunity to receive a unique offer from our partners in the future.
On the Master Account, the Trader is paid directly for the results achieved.
The first $10,000 earned is withdrawn to the Trader's bank account without any commission.
After the withdrawal of the first $10,000, the company's commission is 10% of the profit, the remaining 90% is received by the Trader.
The commission is charged at the time of transfer of funds to a personal bank account.
Payout could be requested anytime during the calendar month. All payouts are processed once a week, on Wednesdays.
The request for any payout could be processed after Trader has been completed for at least ten or more individual trading days.
The minimum withdraw of 1-3 payments is $1,000 (For $10,000 account the minimum withdraw is $500).The maximum withdraw amount applies toward the first 3 payouts only. The maximum withdraw amount depends on the account size:
$10,000 account - $750
$25,000 account - $1,000
$50,000 account - $1,500
$100,000 account - $1,750
$150,000 account - $2,000
$250,000 account - $2,500
After 3rd payout, there is no maximum withdrawal limit.
The withdrawal safety threshold Reserve limits:
The withdrawal safety threshold reserve is defined as the minimum amount required to remain in the Trader’s Account to be able for withdraw.
$10,000 Account - $1,100
$25,000 Account - $1,600
$50,000 Account - $2,600
$100,000 Account - $3,100
$150,000 Account - $4,600
$250,000 Account - $5,600
Subject to the provisions of Master Agreement, Trader is entitled to withdraw safety threshold reserve upon the termination of Master Agreement.
We have a Consistency rule on the Master Accounts which apply toward every payout. The 40% Consistency rule states that upon submitting a withdrawal request, the balance in the Master Account must not consist of more than 40% of the total profit balance from a single trading day. For example, the trader made a $20,000 total profit on the account and requested to make a withdrawal. In this case, the best single profitable day should be at most 40%, which is 8,000. You could use the following equation to calculate if the 40% Consistency rule is met: PnL% = (Best day P&L / Total P&L)*100. Finally, if Consistency rules are not met, payout cannot be processed. However, it will not violate the account. Instead, the trader can continue to trade to generate more profit and use the average position size, and the percentage of profit earned on the best day remains below 40% of the total profit. The safety threshold is also counted to the 40% rule for the first withdrawal. The earned profits can be withdrawn with the further payouts as well. Accordingly, there is no limit regardless of profit made. But the best single profitable day should be at most 40% of your total balance.
When a Trader requests a withdrawal, a tax form will also be sent to pay taxes to an address that has been provided in the personal profile. Withdrawal could be requested via ACH/Wire Transfer, Paypal, Wise.
Traders who trade and receive payment on the Master Account are independent contractors. Form 1099-Misc Non-Employee Compensation will be mailed for US citizens or W-8BEN for foreign citizens.
The Master Account intended for advanced training and paid based on performance. Traders with proven results-oriented for a long-term relationship would receive on an individual basis a unique offer from our capital partners. The conditions and terms are discussed individually with each trader.
Updated 2/21/2023