Bulenox Withdrawal Guide: Time Plus Fee And Payout
All about Bulenox Withdrawal and Payout
Your Profit Share at Bulenox: What’s Your Cut?
At Bulenox, we’re all about maximizing your gains! The first $10,000 of profit you make is all yours, no strings attached. Sounds pretty awesome, right? Beyond that initial amount, Bulenox will take a modest 10% cut from your additional gains. This cut is deducted when you move your funds over to your personal bank account.
Timing and Process: When and How to Withdraw
Timing is everything. You can request a withdrawal at any time during the calendar month, but make sure you’ve traded for at least 10 individual days to be eligible. Payments are processed once a week, every Wednesday.
Withdrawal and Payment Conditions: When Can You Withdraw?
Withdrawal requests can be made at any time during the calendar month. However, you must have traded for at least 10 individual days for your request to be considered. Payments are then processed once a week, every Wednesday.
Withdrawal Limits: The Ceiling for First Payouts
For your 1st to 3rd payouts, the minimum withdrawal is set at $1,000. If you have a $10,000 account, the minimum withdrawal is $500. The maximum withdrawal amount varies depending on the account size:
- For a $10,000 account: the maximum withdrawal is $750
- For a $25,000 account: the maximum withdrawal is $1,000
- For a $50,000 account: the maximum withdrawal is $1,500
- For a $100,000 account: the maximum withdrawal is $1,750
- For a $150,000 account: the maximum withdrawal is $2,000
- For a $250,000 account: the maximum withdrawal is $2,500
These amounts represent the withdrawal caps you can perform based on the size of your account at Bulenox.
Safety Thresholds: The Essential Fund Reserve
Each type of Bulenox account has a safety threshold for withdrawals, meaning a minimum amount that must remain in the account to carry out withdrawals:
- For a $10,000 account: the safety threshold is $1,100
- For a $25,000 account: the safety threshold is $1,600
- For a $50,000 account: the safety threshold is $2,600
- For a $100,000 account: the safety threshold is $3,100
- For a $150,000 account: the safety threshold is $4,600
- For a $250,000 account: the safety threshold is $5,600
These amounts indicate the minimum that must remain in your account to carry out withdrawals at Bulenox.
Should you terminate the Master contract, you have the right to withdraw this safety threshold.
Withdrawal Methods and Taxation: Options for Withdrawals
For withdrawals, several options are available to you: ACH/Bank Transfer, PayPal, or Zelle. And beware, a tax form will be awaiting you for each withdrawal. U.S. residents will receive Form 1099-Misc, and foreign residents will receive Form W-8BEN.
Filling Out the Withdrawal Form: What You Need to Know
Before you can proceed with a withdrawal, you’ll need to fill out a specific withdrawal form provided by Bulenox. This form requires several essential details:
Personal Information:
Ensure that your first and last name match those on your Master Account contract with Bulenox. The same goes for your address; it needs to be current and consistent with your Master Account.
Required Documents:
You’ll need to provide a copy of government-issued identification (passport or driver’s license) and a tax form (W-9 for U.S. residents and W-8BEN for foreign residents).
Preferred Withdrawal Method:
Choose between PayPal, ACH Transfer (only for U.S.-based traders), bank wire, Zelle, or Crypto USDT Wallet. Each method has its own limits, so pick the one that suits you best.
Signature and Date:
Don’t forget to sign and date the form to authenticate your request.
Be sure to resubmit the form if your personal information changes in the future.
Withdrawal Fees at Bulenox: What to Anticipate
The fees associated with withdrawals at Bulenox depend on the payout method you choose. If you go for a bank wire transfer, be aware that additional fees may apply. For U.S.-based traders, ACH transfer is often a no-fee option. Therefore, it’s crucial to select the most cost-effective withdrawal method to minimize any fees.
Long-term Options
If you have proven skills and envision a long-term relationship with the prop firm Bulenox, be aware that customized offers may be available. You can choose to continue trading on the Master Account or switch to a partner account.
Time to Take Action
Convinced by the opportunities offered by Bulenox and ready to take the plunge? That’s excellent news. Due to our close collaboration with Bulenox, I have an exclusive promotional code to share with you.
🔔 Check out the « Bulenox Active Special Offer » and its associated Bulenox promo code. It’s updated with every new special offer.
Every opportunity is precious in the world of trading, and this one could be your stepping stone to the next level. So, why not you?