Trading Days
A trader must trade at least 5 trading days to get to the Master Account.
Time
The trading day starts at 5:00 pm and ends at 4:00 pm the following day, North American Central Standard Time (CST). Holidays and weekends do not count as a trading day.
All positions must be closed by 15:59 (CST).
Maximum Position Size
The maximum position size depends on the selected account. A trader can have several positions at the same time.
Objective
The trader's objective is to reach a profit target to get to the Master Account.
Trailing Drawdown
Do not allow the maximum drawdown on your account.
Position
A trader can trade both standard and micro contracts at the same time.
1 standard contract is equivalent to 10 micro contracts.
The List of Futures Instruments
Equity Futures
E-mini S&P 500 (ES)
Nikkei NKD (NKD)
E-mini NASDAQ 100 (NQ)
Mini-DOW (YM)
E-mini Midcap 400 (EMD)
Russel 2000 (RTY)
Micro Bitcoin Futures (MBT)
Currency Futures
Australian Dollar (6A)
E-micro Australian Dollar (M6A)
British Pound (6B)
E-micro British Pound (M6B)
Canadian Dollar (6C)
E-micro Canadian Dollar (M6C)
E-mini Euro FX (6E)
E-micro Euro (M6E)
Japanese Yen (6J)
Swiss Franc (6S)
New Zealand Dollar (6N)
Mexican Peso (6M)
Agricultural Futures
Lean Hogs (HE)
Live Cattle (LE)
Feeder Cattle (GF)
Wheat (ZW)
Soybeans (ZS)
Soybean Meal (ZM)
Soybean Oil (ZL)
Energy Futures
Crude Oil (CL)
Micro Crude Oil (MCL)
E-mini Crude Oil (QM)
Natural Gas (NG)
E-mini Natural Gas (QG)
New York Harbor (RB)
Metal Futures
Gold (GC)
E-micro Gold (MGC)
Silver(SI)
Copper(HG)
Platinum(PL)
Micro Futures
Micro E-Mini S&P 500 (MES)
Micro E-Mini Dow Jones (MYM)
Micro E-Mini Nasdaq-100 (MNQ)
Micro E-Mini Russel 2000 (M2K)
All open positions must be closed by 15:59 CST.
Using Trade Copiers, Algorithms, Strategies, Bots
Our company does not provide any kind of algorithms. However, it is not forbidden to use them. We are not responsible for any technical issues that might be caused or related to third-party software. If there is an issue with the software we recommend contacting the developer of the software to clarify it.
Updated Nov/18/2021
When a Trader signs a user Agreement with Rithmic, it is their responsibility to make sure that the appropriate status is selected: professional or non-professional status.
Once a status has been selected, there will be no opportunity to change it both on the Qualification Account or the Master Account.
IMPORTANT: A professional Trader is obliged to pay $116 every month for exchange data feed (CME, CBOT, NYMEX, COMEX).
A Trader with a non-professional status does not have to pay for the exchange data feed. This is included in the Qualification Account.
- The trailing drawdown will always follow the current balance. Threshold is trailing for realized and non-realized gains, which is equal to your profit.
- The drawdown is recorded in real-time during the trading day and includes a commission.
- If your balance decreases, then your allowable drawdown remains unchanged.
- If the Trader violates the allowable drawdown, the Trader's account is blocked by the administrator. In this case, the trader can make a reset or create a new account.
For example:
A Trader has an account of $100,000 for 12 contracts, has a maximum trailing drawdown of $3,000. This means that the maximum you can lose is $3,000 from the maximum profit point at any given time, including open positions. In this case, if your account drops to $97,000, then the account will be blocked. The trader started trading and opened the first trade and earned $800. In this case, the maximum drawdown also moves and now the drawdown will be $ 97,800 ($100,800 - $3,000 = $97,800). If the trader has not yet closed the deal and gave back the profit of $ 300. At that moment, when the trader closes the deal, $100,500 remains. In this case, the maximum drawdown also remains at the level of $97,800. The maximum drawdown will always move $3,000 from the highest account balance.
Updated August/14/2023
End of the day Drawdown (EOD)
EOD is updated at the end of the trading day during your Qualification as well as in the Master Account. The EOD will only take into account when the profit is made at the end of the trading day. It is updated when your account balance reaches a new high at the end of the trading day.
The EOD drawdown will always follow the balance at end of the day, which is equal to your profit.
For example:
A Trader has an account of $100,000 for 12 contracts, has a maximum drawdown of $3,000. In this case, if your account drops to $97,000, then the account will be blocked.
Day 1
Trader's made few winning and losing trades. At the end of the day, trader's account balance stops at $101,000. EOD balance will be adjusted to $98,000.
Day 2
On the second day, trader's account balance at the end of the day is $100,500. The EOD balance is unchanged at $98,000.
Day 3
At the end of the third day, the account balance is at $102,500. Your new EOD balance is adjusted to $99,500.
After Qualification, for Master Account:
The EOD stops moving when the EOD reaches the initial balance +$100.
EOD Dynamic Scaling Plan
Your EOD Scaling buying power determined by the Cash On Hand value. As your account profit increases, you can trade more or fewer contracts.
$10K EOD Account Scaling
No Scaling(5 Micro-Contracts Max)
$25K EOD Account Scaling
$0- $1,500(2 Contracts Max)
$1,501 +(3 Contracts Max)
$50K EOD Account Scaling
$0- $1,500(2 Contracts Max)
$1,501 - $4,000(4 Contracts Max)
$4,001 +(7 Contracts Max)
$100K EOD Account Scaling
$0- $2,000(3 Contracts Max)
$2,001 - $3,000(5 Contracts Max)
$3,001 - $5,000(8 Contracts Max)
$5,001 +(12 Contracts Max)
$150K EOD Account Scaling
$0- $4,000(5 Contracts Max)
$4,001 - $8,000(8 Contracts Max)
$8,001 - $12,000(10 Contracts Max)
$12,001 +(15 Contracts Max)
$250K EOD Account Scaling
$0- $5,000(6 Contracts Max)
$5,001 - $12,000(12 Contracts Max)
$12,001 - $20,000(18 Contracts Max)
$20,001 +(25 Contracts Max)
Daily Loss Limit
Daily loss Limit is amount that you lose max per day. Daily loss is based on your Profit and Loss, it includes commissions and real-time/unrealized trades, for each trading day from 5:00 p.m. to 4:00 p.m. Central Time. The daily loss limit could be tracked in RTrader platform.
Daily Loss Limits:
10K Account - $400 Daily loss limit
25K Account - $500 Daily loss limit
50K Account - $1100 Daily loss limit
100K Account - $2200 Daily loss limit
150K Account - $3300 Daily loss limit
250K Account - $4500 Daily loss limit
In the event that the Daily Loss Limit is reached, the account will be suspended for the remainder of the trading day and will not count as a rule violation. The regular trading session will resume at the start of the next trading day.
After Qualification, for Master Account:
Daily loss limits will be removed after the maximum drawdown threshold reaches the account's starting balance. (For example: $103,000 on a $100,000 account.)
Master Account fee OPTION 2:
For the Master Account with 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 August/14/2023
The commission depends on the instrument that will be used for trading:
Please note that all the commission is indicated per side.The detailed list of commision you could find HERE.
Have you reached the maximum drawdown? A Trader can make a reset by updating his/her account balance.
The reset is processed immediately, a notification about the reset will be sent by email.
The reset only updates the initial balance so that the trader can continue to trade on the account to which he is subscribed. All previous gains or losses will not be counted. Also, all previous active trading days will not count towards a minimum of 5 trading days. The Trader will again need to trade 5 trading days.
IMPORTANT:
Reset does not change the expiration date of the Qualification Account subscription. The subscription is automatically renewed every 30 days until you cancel it yourself. If a rule in the Qualification Account is violated before the next billing date, the account will be reset for free on the specific billing date. Moreover, the completed trading days will remain. The free reset option is only available on the billing date. If the trader wants to reset the account at any other time, it will cost $78.
How to reset:
1. Log in to your account at Bulenox.com using your username and password.
2. Inside of your profile account select "reset account"
3. Follow the instructions to pay for the reset.
Updated August/14/2023
- The Trader must trade at least 5 trading days. Weekends and Holidays do not count as trading days.
- There is no maximum limit on how many trading days a Trader must trade. The Trader can trade until the profit target is reached.
- A Trader is not required to trade every day.
- A trading day is counted only when a Trader has opened a trade.
What is meant by a trading day?
The trading day starts at 5:00 pm and ends at 4:00 pm the next day, North American Central Standard Time (CST).
- 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 unlimited Qualification Accounts and up to 11 active Master Accounts.
Only one Rithmic User ID Allowed.
A Trader can only register one login at Bulenox.com. Rithmic User ID will be created when subscribing to a Qualification Account. Since the trader will have only one login on bulenox.com, accordingly, there will also be only one Rithmic User ID.
To subscribe for additional Qualification Accounts:
1. Log in to your account at Bulenox.com using your username and password.
2. Inside your account, open the Bulenox Account tab and select one of the additional accounts.
All additional accounts will automatically be linked to your Rithmic User ID.
For example:
BX000642 - Rithmic User ID
BX000642-001 - account number
BX000642-002 - account number
BX000642-003 - account number
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 Dec/3/2021