Apex Trader Funding vs Bulenox: Which Prop Firm Is Better in 2026?
In short: Bulenox currently rates higher by Enigma Score. Apex Trader Funding starts at $24.90 with a 100% payout split split; Bulenox starts at $143 with a 90/10 (first $10K 100%) split. Code FE applies each firm’s current discount. The full side-by-side on Enigma Score, pricing, drawdown model and payouts follows.
By Steve H — reads every firm’s official rulebook, checks prices and codes daily, and maintains the Enigma Score · Methodology · Editorial policy · Last updated November 2, 2026
| Apex Trader Funding | Bulenox | |
|---|---|---|
| Enigma Score (firm) | 69/100 (B) | 74/100 (B+) |
| Enigma Rating (best plan) | 7.9/10 (Strong) | 7.5/10 (Strong) |
| Best plan | EOD Trail Evaluation (No Activation Fee) 100K · $159 all-in | Momentum (EOD) 50K · $143 all-in |
| Net first payout | ≈ $2,000 net | ≈ $1,350 net |
| Days to first payout | ≈ 6 trading days | ≈ 6 trading days |
| Pass Ease | 81/100 | 81/100 |
| From (with code) | $24.90 | $143 |
| FundedEnigma code | FE | FE |
| Current discount | 90% off | 89% off |
| Profit split | 100% payout split | 90/10 (first $10K 100%) |
| Drawdown model | Intraday Trailing or EOD (chosen at purchase) | EOD or Trailing (chosen at purchase) |
| Payouts | Up to weekly (after 5 qualifying days) | Daily (Fast Track / Momentum) · Weekly Wed (Master) |
| Max allocation | $150K | $150K |
| Type | Futures | Futures |
Why each best plan scores the way it does
Apex Trader Funding's best plan rates higher (7.9/10 (Strong)). Reasons come from each plan's own rules and price, judged against plans with the same drawdown type.
Apex Trader FundingEOD Trail Evaluation (No Activation Fee) 100K
- +End-of-day drawdown in eval
- +End-of-day drawdown once funded, locks at the start balance
- +No consistency rule in eval
- +Pass in as little as 1 day
- +Withdraw up to $172,000/month across 20 accounts
- +Reviews praise: Helpful support (12%)
- +Reviews praise: Fast payouts (8%)
- −Daily loss limit $1,500
- −50% consistency rule once funded
- −$3,100 profit buffer before the first withdrawal
- −First payout capped at $2,000
BulenoxMomentum (EOD) 50K
- +End-of-day drawdown in eval
- +End-of-day drawdown once funded
- +No consistency rule in eval
- +Pass in as little as 1 day
- +Withdraw up to $157,500/month across 5 accounts
- +Reviews praise: Helpful support (10%)
- +Reviews praise: Fast payouts (7%)
- −Daily loss limit $1,200
- −35% consistency rule once funded
- −$3,000 profit buffer before the first withdrawal
- −First payout capped at $1,500
Key differences
- Apex Trader Funding is cheaper to start — from $24.90 vs $143 (a $118.10 difference) with code FE.
- Apex Trader Funding has the higher profit split (100% payout split vs 90/10 (first $10K 100%)), so you keep more of what you earn.
- Drawdown models differ: Apex Trader Funding uses Intraday Trailing or EOD (chosen at purchase), while Bulenox uses EOD or Trailing (chosen at purchase) — often the deciding factor for active traders.
- Payout schedules differ: Apex Trader Funding — Up to weekly (after 5 qualifying days); Bulenox — Daily (Fast Track / Momentum) · Weekly Wed (Master).
- Apex Trader Funding has the bigger live discount right now — 90% off vs 89%, via code FE.
Our verdict
Track record vs rule simplicity
These two firms represent opposite bets. Apex Trader Funding is the volume incumbent: five years in operation and one of the largest Trustpilot footprints in futures funding (14,000+ reviews), with an advertised 100% profit split on early withdrawals. Bulenox is the quieter operator that currently holds the highest composite Enigma Score on our index (74/100), driven by consistent pricing and a notably light rulebook — it applies no consistency rule at all, where Apex requires a 50% consistency standard on the road to withdrawal.
The drawdown catch
Apex's headline split comes paired with an intraday trailing drawdown — your loss limit trails the high-water mark of open profit during the session, which punishes letting winners run and is the single most common reason traders blow evaluation accounts there. If you scalp with tight targets, it matters less; if you hold runners, it matters a lot.
Bottom line
Choose Apex for the established ecosystem, Rithmic/Tradovate support and the 100% early-split headline — if you can trade comfortably under an intraday trailing limit and a 50% consistency rule. Choose Bulenox if you'd rather trade under fewer rules and want the strongest overall scorecard on FundedEnigma right now.
Apex Trader Funding and Bulenox on video
- BluSky Trading Vs Apex Trader Funding, Plan By Plan At 50K, With Every Number As Each Firm Publishes It Today.
- Round 1: BluSky Orbit 50K Vs Apex EOD Trail 50K (No Activation Fee) — BluSky 4, Apex 2, 1 Tie.
- Round 2: BluSky Launch 50K Vs Apex EOD Trail 50K (Standard) — BluSky 3, Apex 3, 1 Tie.
Prices and rules in this video are as of 2026-10-04 and may have changed — the current prices on this page were verified 2026-11-02.
- No Daily Limit Or Consistency To Pass — 30 Days To Do It.
- 9/10 (Fair) Against Apex EOD Trail 50K.
- com Does Not Add It For You): 50% Off Elite Daily, Instant Sim Funded 2.
Prices and rules in this video are as of 2026-10-03 and may have changed — the current prices on this page were verified 2026-11-02.
Which should you choose?
Choose Apex Trader Funding if you want a lower entry cost, a higher profit split (100% payout split) and a bigger current discount (90% off).
Choose Bulenox if you want a higher overall Enigma Score.
Frequently asked questions
- Is Apex Trader Funding or Bulenox better?
- By the Enigma Score, Bulenox rates higher (74/100 (B+)). Both list verified pricing and their FundedEnigma affiliate discount — the better choice depends on your priorities (cost, drawdown model, payout speed).
- Which is cheaper, Apex Trader Funding or Bulenox?
- Apex Trader Funding is cheaper to start, from $24.90 with code FE versus $143 for Bulenox.
- Which has the higher profit split?
- Apex Trader Funding offers the higher profit split (100% payout split) compared with 90/10 (first $10K 100%) at Bulenox.
- How do payouts compare?
- Apex Trader Funding pays out up to weekly (after 5 qualifying days), while Bulenox pays out daily (fast track / momentum) · weekly wed (master). Check each firm's first-payout rules on its review page before deciding.
- Are there discount codes for Apex Trader Funding and Bulenox?
- FundedEnigma's current deals — Apex Trader Funding: code FE (90% off right now); Bulenox: code FE (89% off right now). Discounts change often, so these are updated daily.
Read the full reviews: Apex Trader Funding · Bulenox · How the Enigma Score works