Apex Trader Funding vs Bulenox: Which Prop Firm Is Better in 2026?
A side-by-side comparison of Apex Trader Funding and Bulenox on the FundedEnigma Score, pricing, profit split, drawdown model and payouts. Bulenox currently rates higher by Enigma Score. Code FUNDIFY applies Apex Trader Funding’s discount and Fundify applies Bulenox’s.
Reviewed by the FundedEnigma Editorial Team · Methodology · Editorial policy · Last updated September 17, 2026
| Apex Trader Funding | Bulenox | |
|---|---|---|
| Enigma Score (firm) | 69/100 (B) | 74/100 (B+) |
| Enigma Rating (best plan) | 5.4/10 (Fair) | 8.6/10 (Excellent) |
| Best plan | Intraday Trail Evaluation 50K · $308 all-in | Momentum (EOD) 50K · $85.80 all-in |
| Net first payout | ≈ $1,500 net | ≈ $1,350 net |
| Days to first payout | ≈ 6 trading days | ≈ 6 trading days |
| Pass Ease | 72/100 | 81/100 |
| From (with code) | $249 | $19.25 |
| FundedEnigma code | FUNDIFY | Fundify |
| Current discount | — | 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
Bulenox's best plan rates higher (8.6/10 (Excellent)). Reasons come from each plan's own rules and price, judged against plans with the same drawdown type.
Apex Trader FundingIntraday Trail Evaluation 50K
- +No daily loss limit
- +No consistency rule in eval
- +Pass in as little as 1 day
- +100% profit split
- +Reviews praise: Fast payouts (10%)
- +Reviews praise: Helpful support (7%)
- −Intraday trailing drawdown in eval
- −Intraday trailing drawdown once funded
- −50% consistency rule once funded
- −Lower first-payout return per $ than most intraday trailing plans
- −Smaller loss buffer per $ than most peer plans
- −Reviews mention: Scam accusations (7%)
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
- +Higher first-payout return per $ than most end-of-day plans
- +Reviews praise: Helpful support (12%)
- +Reviews praise: Clear rules (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
- Bulenox is cheaper to start — from $19.25 vs $249 (a $229.75 difference) with code Fundify.
- 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).
- Bulenox has the bigger live discount right now — 89% off vs no current discount, via codes Fundify (Bulenox) / FUNDIFY (Apex Trader Funding).
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.
Which should you choose?
Choose Apex Trader Funding if you want a higher profit split (100% payout split).
Choose Bulenox if you want a lower entry cost, a bigger current discount (89% off) and 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?
- Bulenox is cheaper to start, from $19.25 with code Fundify versus $249 for Apex Trader Funding.
- 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.
Read the full reviews: Apex Trader Funding · Bulenox · How the Enigma Score works