Bulenox Payout Policy
Understanding Bulenox's payout and withdrawal policy is crucial for traders. In this article, we break down every detail for better understanding. We'll cover the criteria for receiving payment, when to request it, the payment timetable, the maximum requestable amount, and what portion you keep.
Can I Receive Payouts from a Bulenox Qualification Account?
At Bulenox, Qualification Accounts do not qualify for payouts. To become eligible, traders must successfully pass the qualification process by achieving the profit goal, avoiding the trailing drawdown, and actively trading for a minimum of five days. Upon successful completion, traders transition to a Master Account (MA account), from which payouts can be initiated, contingent upon meeting the specified criteria. This framework ensures that payouts are exclusively awarded to traders who have demonstrated proficiency and consistency in their trading.
Bulenox Profit Share
With Bulenox, futures traders enjoy an exceptional earnings structure, keeping 100% of their initial $10,000 in profits per user. Once this initial profit is exceeded, the split becomes 90/10, ensuring traders continue to benefit significantly from their trading expertise and success on the Bulenox platform.
Keep 100% of the first $10,000, per user.
After the first $10,000, the profit split goes to 90% Trader, 10% Bulenox.
Bulenox Required Minimum Days for Payout
To qualify for your first payout from an Bulenox Master Account, and for any subsequent payouts, you must engage in ten (10), separate trading days, with trades executed on each of these days. Each payout request must be spaced by at least ten (10) active trading days, regardless of whether previous requests were approved or denied.
First request required days: 10
Second+ request required days: 10
A trading day spans from 6:00 PM ET to 5:00 PM ET the following day, encompassing all trading activities during this timeframe. For instance, trades conducted on Sunday evening and Monday morning are treated as one (1) trading day, while trades on different mornings, such as Monday and Tuesday, count as two (2) separate trading days. Additionally, holidays with early market closures are consolidated with the subsequent trading day for settlement purposes. It's crucial to note this, especially on early close trading days.
Bulenox Consistency Rule - The 40% Rule
Withdrawal requests at Bulenox are subject to the 40% Consistency Rule, which stipulates that no single trading day's profits should constitute more than 40% of the total profit balance. This rule emphasizes the importance of risk management, encouraging traders to spread their profits more evenly and maintain regularity in their trading patterns. Should a trader's earnings from any given day surpass the 40% mark, their request for withdrawal may be declined, necessitating further trading to adjust their highest earning day to meet the 40% consistency requirement. By setting daily targets and practicing disciplined trading, traders can safeguard their earnings and foster gradual progress, in line with Bulenox's dedication to prudent and sustainable trading practices.
Consistency Percentage Calculation Formula: (Highest Single-Day Profit / Total Profits Earned) * 100 = Consistency %
Bulenox Payout Schedule
Bulenox offers traders the convenience of requesting payouts at any point during the month, with these requests processed every Wednesday, providing a regular income stream to sustain their trading efforts.
Requests can be made on any day of the month.
Payouts are processed once a week, on Wednesdays.
Bulenox Withdrawal Safety Threshold Limits
With Bulenox, the Withdrawal Safety Threshold Limit sets the minimum account balance that traders need to have to be eligible for making withdrawals. Traders are entitled to withdraw any profits that exceed this safety threshold.
Subject to the provisions of the Bulenox Master agreement, Trader is entitled to withdraw safety threshold reserve upon the termination of Master agreement.
Bulenox Withdrawal Amounts
Bulenox has structured its withdrawal guidelines to effectively balance your financial needs with stability. Initially, for your first three payouts, minimum withdrawals are set at $1,000 for most accounts, but for those holding a $10,000 account, the minimum is reduced to $500. Maximum withdrawal limits are determined by the size of your account, detailed in the below table. You can access the maximum amount every 10 completed trading days, offering a regulated yet flexible withdrawal process. Following the initial three withdrawals, the restrictions lift, allowing for unlimited withdrawals every 10 trading days, thus enhancing your ability to manage and access your profits more freely.
Bulenox Payout Payment Methods and Income Taxes
When a trader initiates a withdrawal request with Bulenox, a corresponding tax form will be issued for the fulfillment of tax obligations, which will be sent to the address specified in the trader's personal profile. Withdrawals can be facilitated through various methods including ACH/Wire Transfer, PayPal, or Zelle.
Traders engaging with the Bulenox Master Account operate as independent contractors. Accordingly, U.S. citizens will receive a Form 1099-Misc for Non-Employee Compensation, while foreign nationals will be issued a Form W-8BEN.
Bulenox Payout Checklist
Before you apply for a payout with Bulenox, please take a moment to review our specially designed payout checklist. This resource is intended to guide you through the key requirements and ensure you're fully prepared to initiate the withdrawal process.
Have you passed the Bulenox Qualification Account and began trading in a Bulenox Master Account?
Have you placed at least one trade on a minimum of 10 separate trading days?
Does your Bulenox Master Account meet the 40% Consistency Rule guidelines?
Does your account balance meet the Withdrawal Safety Threshold Limit needed to request a withdrawal?
Do you have the minimum payout amount required above the Withdrawal Safety Limit Threshold to request a withdrawal?
Successfully answering "yes" to each of the five (5) questions means you can now proceed with a Payout Request at Bulenox. Congratulations!
The content of this article is based on resources from the Bulenox website.
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