Bulenox vs FTMO: which prop firm is better in 2026?
On the 33 criteria we compare, FTMO comes out ahead (10 against 6). and it pays out a larger share of profits, so the choice is not automatic.
Bulenox
Futures · Trustpilot 4.7/5
Bulenox is a futures-only firm run from Delaware since 2022. Accounts are sold as renewable monthly subscriptions, $145 to $325 for $25,000 to $150,000, payouts clear every Wednesday, and the first $10,000 goes entirely to the trader. It holds 4.7/5 across 1,761 Trustpilot reviews, but a 40% consistency rule gates withdrawals and drives recurring complaints.
Criteria won : 6 / 33
FTMO
Forex / CFD · Crypto · Stocks · Trustpilot 4.8/5
Founded in Prague in 2015, FTMO reports more than $450 million paid to traders and closed its acquisition of broker OANDA in December 2025. The 2-Step challenge, static drawdown and no deadline, remains its core product, with fees fully refunded on the first payout. Price is the weak spot, and it rose again in 2026.
Criteria won : 10 / 33
Pricing at equal account size
Cheapest evaluation for a 100 K account.
Bulenox
$215
FTMO
€499
Full comparison
| Criterion | Bulenox | FTMO |
|---|---|---|
| Trust | ||
| Score | 81/100 | 88/100 ✓ |
| Trustpilot | 4.7/5 | 4.8/5 ✓ |
| Founded | 2022 | 2015 ✓ |
| Headquarters | US | CZ |
| Pricing | ||
| Entry price | $145 | €79 ✓ |
| Price for a 100 K account | $215 ✓ | €499 |
| Refundable fee | — | Yes |
| Reset price | $78 | — |
| Account sizes | 150 K | 200 K ✓ |
| Rules | ||
| Steps | 1 | 1 |
| Profit target | 6 % ✓ | 10 % |
| Max daily loss | — | 3 % |
| Max total drawdown | — | 10 % |
| Drawdown type | Hybrid | Static ✓ |
| Time limit | Unlimited | Unlimited |
| Consistency rule | — | 50 |
| Min trading days | 0 | — |
| Payouts | ||
| Profit split | 90 % ✓ | 80 % |
| Max profit split | 100 % ✓ | 90 % |
| First payout | 10 days ✓ | 14 days |
| Payout frequency | hebdomadaire (traitement le mercredi) | A la demande a partir du 14e jour suivant le premier trade, puis tous les 14 jours |
| Payout methods | bank, wire, paypal, and wise | — |
| Scaling plan | — | Yes |
| Max allocation | 150 K | 2 M ✓ |
| Trading | ||
| Platforms and instruments | ninjatrader, rithmic, quantower | mt4, mt5, ctrader, dxtrade, tradingview ✓ |
| Instruments | futures | fx, indices, metals, energy, crypto, stocks ✓ |
| Leverage | — | 1:100 (forex) |
| News trading | Yes | Yes |
| Weekend holding | No | Yes ✓ |
| Expert Advisors | Yes | Yes |
| Copy trading | Yes ✓ | Restricted |
| Scalping | Yes | Yes |
| Hedging | — | Yes |
Choose Bulenox if…
- You need a platform FTMO does not offer: ninjatrader, rithmic, quantower.
- You expect to stay funded long enough for the split to matter: 100 % against 90 % at FTMO.
- Cash flow matters to you: the first withdrawal comes after 10 days rather than 14.
Choose FTMO if…
- Your budget is the binding constraint: the entry ticket starts at €79, below Bulenox.
- You want a drawdown you can compute in your head: the limit is fixed on the starting balance and never moves as the account grows.
- You need a platform Bulenox does not offer: mt4, mt5, ctrader, dxtrade, tradingview.
- You are aiming for size: allocation scales up to 2 M.
Our analysis
The price question
FTMO opens at €79 against $145 for Bulenox, a substantial gap on the smallest account. At the reference size of 100 K the comparison is $215 for Bulenox against €499 for FTMO. The headline fee is rarely the real cost, though: what matters is the price of a reset after a failed attempt, whether the fee comes back on the first payout, and whether an activation fee appears when you move to a funded account. Compare those three lines in the table above before deciding on price alone.
How the loss limit behaves
Bulenox applies a hybrid drawdown. FTMO applies a static drawdown capped at 10 %, with a 3 % daily limit. This is the single most consequential difference between the two. A static drawdown is measured once, from the starting balance, and never moves; a trailing drawdown follows your equity upward, so a winning streak raises the floor you can no longer fall below. Intraday trailing is stricter still, because it tracks unrealised peaks reached inside the session — profit you never actually banked can permanently raise your loss threshold.
Getting paid
Bulenox keeps 100 % of profits, allows a first withdrawal after 10 days, then pays hebdomadaire (traitement le mercredi). FTMO keeps 90 % of profits, allows a first withdrawal after 14 days, then pays A la demande a partir du 14e jour suivant le premier trade, puis tous les 14 jours. Payout frequency deserves as much attention as the split itself: a slightly lower share paid every two weeks compounds faster than a headline percentage locked behind a monthly cycle and a long first-withdrawal delay.
Tooling differences
Bulenox is the only one of the two to offer ninjatrader, rithmic, quantower. FTMO covers mt4, mt5, ctrader, dxtrade, tradingview, which its rival does not. Platform choice is not cosmetic: order execution, available order types and the reliability of your automation all depend on it, and switching mid-evaluation is rarely possible.
How much history each firm has
FTMO has been running since 2015, 7 years longer than Bulenox. On Trustpilot they sit at 4.7/5 and 4.8/5 respectively. Our trust pillar scores them 77/100 and 97/100, which weighs age, corporate transparency and public payout evidence. In an industry with no financial regulator overseeing these evaluations, longevity and a verifiable payout history are the closest thing to a guarantee.