Bulenox Rules: What You Absolutely Must Know
Guide on Bulenox Rules
- Bulenox Consistency Rule: The Rule You Can’t Afford to Ignore
- The Importance of Activity: No Room for Inactivity
- Trading Disclosures and Responsibilities
- Account Fees
- Platforms and Associated Fees
- What Assets Can You Trade at Bulenox?
- Algorithmic Trading
- Withdrawal Process
- Withdrawal Security and Conditions
- Multiple Accounts and Independent Contractor Status
- Conclusion: What You Need to Know About Bulenox Rules
Consistency Rule in Trading: A Priority at Bulenox
At Bulenox, consistency in trading is paramount. Bulenox aims to build long-term partnerships with traders. To ensure a fruitful and lasting collaboration, strict rules on trading consistency have been established.
Logical and Systematic Approach
Bulenox expects traders to adopt a thoughtful and systematic approach in their daily trading. This approach should be supported by in-depth analysis and sound decisions.
No Manipulation
Bulenox does not tolerate any attempt to manipulate the market to achieve significant gains in a single operation. Violation of this rule triggers a thorough investigation and may lead to account termination.
Position Size
The average size of traders’ positions must not exceed the threshold established during the qualification phase. This ensures that trading activity remains consistent and in line with the trader’s risk management capacity.
Withdrawals and Risk Management
Prudent risk management is another key element of our trading philosophy. For this reason, it is essential to note that at least 60% of the balance of your main account should come from other trading days, ensuring that no more than 40% of the balance comes from profits of a single trading day.
To assist you in maintaining this essential discipline and to accurately measure your compliance with these criteria, we provide our Consistency Rule Calculator. This tool allows you to easily and transparently verify that your trading activities adhere to the risk distribution required by Bulenox.
Consistency Rule Calculator
- Check if Your Best Day’s PnL Meets the Consistency Rule:
Use the first calculator to confirm that your most profitable day doesn’t exceed 40% of your total PnL. - Adjust Your Trading to Meet the Consistency Rule, if Necessary:
If your best day’s PnL exceeds the 40% rule, the second calculator will help you estimate the total PnL you should aim for to comply with the rule.
The Importance of Activity: No Room for Inactivity
Activity Requirement
You are required to execute at least one trade every five trading days. If your account remains inactive for more than five trading days, it will be suspended without notice.
Consequences
Any remaining funds in the account will be forfeited by Bulenox. This is not a rule to take lightly!
Trading Disclosures and Responsibilities
Bulenox is not responsible for losses due to technical issues. By choosing to trade on this platform, you assume all associated risks.
Account Fees
Non-Professional Accounts
If you’re a non-professional trader, activation fees vary depending on the type account and size:
- $10,000 Account: Activation fee of $98
- $25,000 Account: Activation fee of $143
- $50,000 Account: Activation fee of $148
- $100,000 Account: Activation fee of $248
- $150,000 Account: Activation fee of $498
- $250,000 Account: Activation fee of $898
These fees include a data feed subscription and maintenance fees.
Professional Accounts
If you’re a professional trader, you’ll be charged $116 per trade, per month. The first payment is processed on the day of activation, and subsequent payments are processed on the same calendar day each month.
Platforms and Associated Fees
You are responsible for the fees associated with the trading platform you choose. Only platforms approved by Bulenox are authorized.
By presenting this information in a structured and clear manner, you are better equipped to make informed decisions. Make sure to always be aware of all the rules and fees to maximize your trading success with Bulenox.
What Assets Can You Trade at Bulenox?
Asset Categories and Available Assets
To offer maximum flexibility to our traders, Bulenox provides a wide range of assets you can trade on. Below is a summary table of the available assets:
Equity Index Futures
E-mini S&P 500 (ES), Nikkei NKD (NKD), E-mini NASDAQ 100 (NQ), Mini-DOW (YM), E-mini Midcap 400 (EMD), Russell 2000 (RTY)
Interest Rate Futures
Micro 10 Year Yield Futures (10Y), 2-Year Note (ZT), 5-Year Note (ZF), 10-Year Note (ZN), 30-Year Bond (ZB), Ultra-Bond (UB)
Currency Futures
Australian Dollar (6A), British Pound (6B), Canadian Dollar (6C), Euro FX (6E), Japanese Yen (6J), Swiss Franc (6S), New Zealand Dollar (6N)
Agricultural Futures
Lean Hogs (HE), Live Cattle (LE), Feeder Cattle (GF), Corn (ZC), Wheat (ZW), Soybeans (ZS), Soybean Meal (ZM), Soybean Oil (ZL)
Metal Futures: Gold (GC), Silver (SI), Copper (HG), Platinum (PL), Palladium (PA), E-mini Silver (QI), E-mini Gold (QO)
Micro Futures
Micro E-Mini S&P 500 (MES), Micro E-Mini Dow Jones (MYM), Micro E-Mini Nasdaq-100 (MNQ), Micro E-Mini Russell 2000 (M2K), E-Micro Gold (MGC), E-Micro AUD/USD (M6A), E-Micro EUR/USD (M6E), Micro Crude Oil (MCL)
Diversification and Strategy
With this wide range of assets, you can diversify your trading portfolio and adopt different strategies based on your objectives and risk profile.
Algorithmic Trading
Use of Algorithmic Systems
The misuse of algorithmic systems can result in the suspension of your account. All third-party algorithms must be approved by Bulenox.
Withdrawal Process
Payments can be made via several methods, but restrictions apply. Withdrawals at Bulenox are processed once a week, on Wednesdays.
Withdrawal Fees
It’s important to note that various fees may apply depending on the withdrawal method you choose. For instance, bank transfers may have higher fees compared to other methods like PayPal or Zelle.
Processing Time
Withdrawals are processed every Wednesday, but it’s essential to know that the time required for the funds to arrive in your account can vary. For example, ACH transfers can take up to 3 business days, while crypto payments are generally faster.
Required Documents
Before your first withdrawal, you will need to submit certain documents, such as a tax form and identification. The time required for these documents to be validated can vary, but generally, it takes between 24 and 48 hours. This verification is only required once unless significant changes are made to your account.
Withdrawal Security and Conditions
Safety Threshold Reserve (STR)
You must adhere to specific conditions to withdraw funds from your account, referred to as the « Safety Threshold Reserve » (STR). These conditions vary depending on your account size and are designed to maintain a level of security. Failure to meet these conditions could result in penalties or restrictions.
Withdrawal Limits
It’s important to note that withdrawal ceilings exist depending on the size and type of your account:
- Account of $10,000: Max withdrawal of $750
- Account of $25,000: Max withdrawal of $1,000
- Account of $50,000: Max withdrawal of $1,500
- Account of $100,000: Max withdrawal of $1,750
- Account of $150,000: Max withdrawal of $2,000
- Account of $250,000: Max withdrawal of $2,500
These withdrawal limits are in alignment with the Safety Threshold Reserve (STR), defined as the minimum amount that must remain in your trading account to enable a withdrawal.
- Account of $10,000: STR of $1,100
- Account of $25,000: STR of $1,600
- Account of $50,000: STR of $2,600
- Account of $100,000: STR of $3,100
- Account of $150,000: STR of $4,600
- Account of $250,000: STR of $5,600
Withdrawal Upon Account Closure
If you choose to close your account after 140 active trading days and you are not in default under this agreement, you will be entitled to 100% of the Safety Threshold Reserve (STR) balance.
Right to Modify Conditions by Bulenox
It’s important to note that Bulenox reserves the right to change payment terms at its discretion. This is mainly applied in exceptional cases, and traders will be informed in advance whenever possible.
Tax Implications
As a trader on Bulenox, you are considered an independent contractor, making you responsible for declaring your income and paying the corresponding taxes in your country of residence.
Note
It is strongly advised to consult an accountant or tax advisor to fully understand all tax implications associated with your trading activities. Tax rules can vary based on your personal situation and your country of residence. Therefore, it is crucial that you comply with tax obligations to avoid complications.
Multiple Accounts and Independent Contractor Status
Multiple Account Management
You can manage multiple accounts upon approval. However, limitations do exist, making it essential to understand the rules and guidelines for operating multiple accounts concurrently.
Independent Tax Responsibility
Additionally, as a trader on Bulenox, you are considered an independent contractor. This status implies that you are solely responsible for declaring your income and fulfilling all tax obligations in your country of residence. Therefore, it is crucial to be proactive in understanding and meeting your tax responsibilities.
Conclusion: What You Need to Know About Bulenox Rules
Setting Your Path
Now that you’re armed with all this information, you’re ready to embark on your trading journey with Bulenox confidently. Remember, trading is an exercise that demands constant attention to detail, discipline, and rigorous risk management. Bulenox’s rules are designed to create a fair and professional trading environment, but it is up to each trader to make their own decisions.
Key Aspects to Consider
Managing multiple accounts, activation fees, withdrawal rules, and most importantly, tax implications are all variables requiring a deep understanding before diving headfirst into the trading world. Always consult an expert for tax and financial advice.
Before starting, review the terms and conditions on Bulenox’s website to ensure you understand them fully. Non-compliance with rules can lead to severe consequences, including the confiscation of funds from your account.
With these details in mind, you’re all set to start trading. Good luck!
Disclaimer
The information in this article is provided solely for educational and informational purposes and should not be construed as financial, tax, or legal advice. The authors of this article are not responsible for any decisions you may make based on the information provided here. Trading involves risks, and it is advisable to consult qualified experts before making any investment-related decisions.
Time to Take Action
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