Ver. Mar/16/2023

 RECITALS 

WHEREAS, Bulenox engages in selecting qualified Traders to apply for a managed trading account and provides diverse and various trading account services to individual clients and businesses;

WHEREAS, Trader desires to perform such services for Bulenox;

NOW, THEREFORE, in consideration of the facts recited above, and the mutual covenants, terms, conditions, and restrictions contained herein, the parties agree as follows;

AGREEMENT

1. DUTIES AND DEFINITIONS 

In accordance with the terms and conditions of this Agreement, Trader acknowledges and agrees to all Bulenox’s Privacy Policy, Terms of Use, and Risk Disclosure related to the Account.

The Master Account (“Account”) is the account in live performance trading environments created and managed by Bulenox or a third-party vendor, which has a different identifying account and contains an initial balance determined by Bulenox. The trader has no ownership interest in Account and under no circumstance any right to withdraw any funds from Account. Account intended for advanced training and paid based on performance. Traders with proven results-oriented for a long-term relationship.

“Trading Day” is the time span that the Chicago Mercantile Exchange is open for business.

“Active Trading Day” is the day when the Trader executes at least one trade within a single trading session. Weekends and Holidays do not count as active trading days.

 

“Minimum Account Balance” is the original minimum balance that is established for Trader by Bulenox; if the balance drops below the initial threshold balance, the access to the account will be terminated. 

“Activation Date” is the date when the Agreement was signed by the Trader and the Account fee was paid.

2. ACCOUNT OWNERSHIP

Any assets or funds in the Account are the sole property of Bulenox and partners. Trader acknowledges and agrees that all managed accounts (simulated or live) are under exclusive rights and fully belong to Bulenox and partners.

Bulenox has the right, in our sole and absolute discretion, to move Trader to a different identifying account (simulated or live) without any notice at any time.

3. INDEMNIFICATION

Trader agrees to defend, indemnify and hold Company, its subsidiaries, and affiliates, and their respective officers, agents, partners, and employees, harmless from and against, any loss, damage, liability, claim, or demand, including reasonable attorneys’ fees and expenses, made by any third party due to or arising out of your contributed content, use of the Company Services, and/or arising from a breach of this Agreement and/or any breach of your representations and warranties set forth above. Notwithstanding the foregoing, Company reserves the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to indemnify the company, and you agree to cooperate, at your expense, with the company's defense of such claims. The company will use reasonable efforts to notify you of any such claim, action, or proceeding which is subject to this indemnification upon becoming aware of it.

4. LIMITATIONS OF LIABILITY

IN NO EVENT SHALL THE COMPANY OR ITS DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, SPECIAL, OR PUNITIVE DAMAGES, INCLUDING LOST PROFIT, LOST REVENUE, LOSS OF DATA OR OTHER DAMAGES ARISING FROM YOUR USE OF THE SITES OR COMPANY SERVICES, EVEN IF COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, THE COMPANY’S LIABILITY TO YOU FOR ANY CAUSE WHATSOEVER AND REGARDLESS OF THE FORM OF THE ACTION, WILL AT ALL TIMES BE LIMITED TO THE AMOUNT PAID, IF ANY, BY YOU TO THE COMPANY FOR THE COMPANY SERVICES DURING THE PERIOD OF 30 DAYS PRIOR TO ANY CAUSE OF ACTION ARISING. CERTAIN STATE LAWS DO NOT ALLOW LIMITATIONS ON IMPLIED WARRANTIES OR THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE ABOVE DISCLAIMERS OR LIMITATIONS MAY NOT APPLY TO YOU, AND YOU MAY HAVE ADDITIONAL RIGHTS. IF YOU ARE A CALIFORNIA RESIDENT, YOU WAIVE CALIFORNIA CIVIL CODE SECTION 1542, WHICH SAYS: "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH, IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.”

5. ACCOUNT RULES

5.1. General Rules

Trader must trade allowed products only.

Trader may trade or have open positions during permitted time only.

Trader must not allow Account Balance to hit the Maximum Threshold Drawdown.

 

 

5.2 Permitted trading Time 

The trading day starts at 5:00 pm and ends at 4:00 pm the following day, North American Central Standard Time (CST). Weekends and Holidays do not count as active trading days.

All positions could be opened between 5:00 pm (CST) and 3:59 pm (CST).

“Micro Account 10,000” allowed to carry trades without closing them, except for weekends.

 

 

5.3 Maximum Position Size

The maximum position size depends on the selected account. Trader can have several positions at the same time.

$10,000 Account   - Up to 5 Micro Contracts 

$25,000 Account   - Up to 3 Contracts

$50,000 Account   - Up to 7 Contracts

$100,000 Account - Up to 12 Contracts

$150,000 Account - Up to 15 Contracts

$250,000 Account - Up to 25 Contracts

Trader can trade both standard and micro contracts at the same time.

1 standard contract is equivalent to 10 micro contracts.

 

 

5.4 Allowed Products

E-mini S&P 500 (ES), Nikkei NKD (NKD), E-mini NASDAQ 100 (NQ), Mini-DOW (YM), E-mini Midcap 400 (EMD), Russel 2000 (RTY), Micro Bitcoin Futures (MBT), Micro Ether Futures (MET), Eurodollar (GE), 2-Year Note (ZT), 5-Year Note (ZF), 10-Year Note (ZN), 30-Year Bond (ZB), Ultra-Bond (UB), 30 Day Fed (ZQ), Australian $ (6A), E-micro Australian Dollar (M6A), British Pound (6B), E-micro British Pound (M6B), Canadian $ (6C), Euro FX (6E), E-micro Euro (M6E), Japanese Yen (6J), Swiss Franc (6S), New Zealand Dollar (6N), Mexican Peso (6M), Lean Hogs (HE), Live Cattle (LE), Feeder Cattle (GF), Corn (ZC), Wheat (ZW), Soybeans (ZS), Soybean Meal (ZM), Soybean Oil (ZL), Crude Oil (CL), Micro Crude Oil (MCL), E-mini Crude Oil (QM), Natural Gas (NG), E-mini Natural Gas (QG), New York Harbor (RB), Gold (GC), Micro Gold (MGC), Silver(SI), Copper(HG), Platinum(PL), Micro E-Mini S&P 500 (MES), Micro E-Mini Dow Jones (MYM), Micro E-Mini Nasdaq-100 (MNQ), Micro E-Mini Russel 2000 (M2K)

 

 

5.5 Risk Parameters

 

For the Master Account with Option 1: Trailing Drawdown

- The trailing drawdown will follow the current balance, which is equal to Trader’s profit. 

-The trailing drawdown stops moving when the trailing drawdown reaches the initial starting balance.

Trailing Drawdown Amount (TDA):

$10,000 -  TDA of $1,000 

$25,000  -  TDA of  $1,500

$50,000  -  TDA of  $2,500 

$100,000  -TDA of $3,000 

$150,000  - TDA of $4,500 

$250,000  -  TDA of $5,500 

- The drawdown is recorded in real-time during the trading day and includes commissions, fees, and both unrealized and realized PnL.

- If a balance decreases, then Trader’s allowable drawdown remains unchanged.

- If Trader violates the allowable drawdown, then Trader's account is blocked by the administrator. 

 

For the Master Account with Option 2: End of the day Drawdown (EOD) and Daily Loss limit

 

End of the day Drawdown (EOD) is updated at the end of the trading day. The EOD will only take into account when the profit is made at the end of the trading day. It is updated when your account balance reaches a new high at the end of the trading day.

-The End of the day Drawdown (EOD) stops moving when the End of the day Drawdown (EOD) reaches the initial starting balance.

End of the day Drawdown Amount (EODA):

$10,000 -  EODA of $1,000 

$25,000  -  EODA of  $1,500

$50,000  -  EODA of  $2,500 

$100,000  - EODA of $3,000 

$150,000  - EODA of $4,500 

$250,000  -  EODA of $5,500 

- The drawdown is recorded in real-time during the trading day and includes commissions, fees, and both unrealized and realized PnL.

- If a balance decreases, then Trader’s allowable drawdown remains unchanged.

- If Trader violates the allowable drawdown, then Trader's account will be deactivated by the administrator. 

Daily Loss Limit

The Daily Loss Limit is the amount that Trader loss max per day. Daily loss is based on your Profit and Loss, it includes commissions and real-time/unrealized trades, for each trading day from 5:00 PM to 4:00 PM CST.

 

Daily Loss Limits:

10K  Account - $400 Daily loss limit

25K  Account - $500 Daily loss limit

50K  Account - $1100 Daily loss limit

100K Account - $2200 Daily loss limit

150K Account - $3300 Daily loss limit

250K Account - $4500 Daily loss limit

 

By reaching the Daily loss limit. Trader's Master account will be deactivated by the administrator. Daily loss limits will be removed after the maximum drawdown threshold reaches the account's initial starting balance. 

 

 

5.6 Performance Consistency 

Our company is oriented toward a long-term partnership with Trader. Therefore, the Trader agreed to implement a logical and systematic approach to trading activity. Any manipulative scheme that attempts to boost a substantial profit in a single trade that violates a risk parameter might be terminated by the company. However, the Trader must have a certain average position size that does not exceed the average during the qualification process.

In order to determine the credibility of trading activity, the company requires to have a deliberate approach to trading on each of the trading days. Upon submitting a withdrawal request, the balance in the Master Account must not consist of more than 40% of the total profit balance from a single trading day. It is not acceptable to have a single day where the Trader goes all in with the maximum contracts and the rest of the days trade with the minimum contracts.

 

5.7 Account Inactivity

Account requires executing at least one trade per five trading days and shouldn't be inactive for more than five trading days. If Account is inactive for more than five trading days, it will be suspended without notice. Any remaining balance will be forfeited back to Bulenox.

6. TRADING DISCLOSURES

Bulenox is not liable for any claims of damages for loss of profits or loss of other intangibles caused by Internet connection, software failures, or Trader’s hardware. Any software platform and data feed are subject to possible software lags or errors. Trader should consider that trading or investing is the right fit for you based on your trading objective and experience level. By choosing and engaging with any of our programs and contents you accept all liability and risks. Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on the Bulenox.com website and this agreement. The past performance of any trading system or methodology is not necessarily indicative of future results.

7. ACCOUNT FEES

Traders Account with Non-Professional status shall pay a one-time activation fee that includes a data feed and maintenance fee. The activation fee is based on the selected account size:

$10,000 Account - $98
$25,000 Account - $143
$50,000 Account - $148
$100,000 Account - $248
$150,000 Account - $498
$250,000 Account - $898

Traders Account with Professional status shall pay $116/exchange per month. First payment processed on activation day. Thereafter every payment is processed on the same day of each calendar month.

8. TRADING PLATFORMS AND FEES

Trader with an active account is solely responsible for trading platform fees and is obliged to pay all costs associated with using the trading platform. Trader shall use only the trade charting and execution platforms that have been approved by Bulenox LLC for Traders' use only. Supporting platforms for executions and charting: R Trader, R Trader Pro, NinjaTrader, MotiveWave, Multicharts, Volfix, Quantower, ATAS, SierraChart, Jigsaw Trading, Bookmap, TigerTrade. The approved platform list is subject to change without notice.

Trader understand that the use of unsupported and/or not approved trading platforms is strictly prohibited by Bulenox LLC. Unsupported platforms include any third-party platforms or API execution platforms that are not in the approved platform list. Trader further agrees that Account will be subject to immediate suspension and we reserve the right to refuse to claim any profit if Trader will use unauthorized and unapproved platforms.

Trader’s Account and trade executions are subject to broker commission, routing, exchange, and NFA Fees. Commissions are subject to change.

9. ALGORITHMIC AND AUTOMATED TRADING 

Trader agrees to not abuse Bulenox provided service programs. It includes but is not limited to using “scalping” algorithms, DTC Protocol,  API, and/or other automated discretional trading in any of the trading environments. Open and close hundreds or thousands of rapid trades by using any trading algorithms. Implementation of reckless transactions in rough markets to benefit from lack of execution. If abuse is suspected, we reserve the right to refuse to claim any profit. In order to avoid performance discrepancy and/or meet compliance regulations, any third-party algorithms must be approved by the Bulenox management team. 

10. COMPENSATIONS AND PAYMENTS

 

To make a withdrawal, Trader must send payment requests through a personal profile on Bulenox.com. “Submit New Ticket” and put the Withdrawal request in the subject through HelpDesk. Before the first request, Trader must fill out and send a Tax Form, Withdrawal Information Form, and attached government issued ID to HelpDesk ‘Withdrawal Forms’’ category.

Payment could be requested via ACH/Wire Transfer, Paypal, Zelle, or Crypto. Payments via Zelle and Crypto are limited to up to $2,000.00 per payout. Payments via Crypto are limited to up to $2,000.00 per payout and $3,000.00 per month. Bulenox at its sole discretion may make a payment from any account at any time in any amount.

Payouts could be requested anytime during the calendar month. All payouts process once a week, on Wednesdays. The payout request must be submitted via HelpDesk by the end of Friday before 11:59 PM EST. All payout requests submitted after 12:00 AM EST will process Wednesday of the following week.

The request for any payout could be processed after Trader has been completed for at least ten or more individual trading days. The trading day will count as completed once the market closes. The second, the third, and the following withdrawals will be counted from the payout date.

Bulenox will pay the Trader: 100% (one hundred) of the first $10,000. Thereafter 90% (ninety) of all profit will be paid to Trader that exceeds $10,000 withdrawal.

The minimum withdrawal of 1-3 payments is $1,000. (For a $10,000 account the minimum withdrawal is $500).
The maximum withdrawal amount depends on the account size:

$10,000 account - $750
$25,000 account - $1,000
$50,000 account - $1,500
$100,000 account - $1,750
$150,000 account - $2,000
$250,000 account - $2,500

Trader must comply with the withdrawal safety threshold reserve (STR) limits. The withdrawal safety threshold reserve is defined as the minimum amount required to remain in the Trader’s Account to be able to withdraw.

$10,000 Account - STR  $1,100
$25,000 Account - STR  $1,600
$50,000 Account - STR  $2,600
$100,000 Account - STR $3,100
$150,000 Account - STR $4,600
$250,000 Account - STR $5,600

Subject to the provisions of this agreement, Trader's Account must be in net profit over the initial balance. Trader will be entitled to get a percent of safety threshold reserves as set forth in this section upon the termination of this agreement. Trader shall receive 20% of net safety threshold reserves for account traded of under 45 active trading days. 50% of net safety reserves for account traded of 46 to 100 active trading days. 80% of net safety reserves for account traded of over 100 active trading days.
Trader may close any Account after 140 active trading days. If Trader is not in default under this Agreement, Trader is entitled to get an amount equal to one hundred percent of the net safety reserve

11. MULTIPLE ACCOUNTS

The trader is allowed to manage more than one Master Account at the same time after approval. Each subsequent Master Account is reviewed individually and could be added when Max Drawdown reaches the initial starting balance on the previous Master Account. Several Master Accounts cannot be combined into one larger account. Positions on the same instrument on all master accounts could be executed in one direction only. It applies to Standard and Micro contracts. For Example, Trader has 1 contract NQ long. At that moment Trader allows opening NQ or MNQ long-only on any other master account. It is not allowed to open NQ or MNQ short until 1 NQ contract will be eliminated.

12. STATUS OF INDEPENDENT CONTRACTOR

Bulenox LLC  relationship with Trader shall solely be that of an independent contractor only. Trader shall not be deemed to be an employee of Bulenox LLC. Trader is responsible for paying any and all required state and federal taxes. Form 1099-Misc Non-Employee Compensation will be mailed for US citizens or W-8BEN for foreign citizens contractors.

 

13. AGREEMENT TERMINATION

This agreement may be terminated by Bulenox LLC if any of the following events occur:

-If Trader violates any of the terms of this agreement, Bulenox LLC may immediately terminate this agreement by notifying Trader in writing. 

-Bulenox LLC may immediately terminate this Agreement upon written notice to Trader in the event that Bulenox LLC and/or Trader becomes subject to any change in a statute, law, rule, regulation, policy, or other official pronouncement of any state or federal government entity, the regulatory agency which would prohibit Bulenox LLC and/or Trader from continuing the business described in this Agreement.

- If Trader knowingly commits intentional fraud. Furthermore, if Trader knowingly

defrauds Bulenox LLC, the Trader shall pay to the defrauded party as damages an amount equal to the losses sustained as a result of the fraud. In the event of termination due to intentional fraud by Trader, Bulenox LLC may cease all payments of Compensation due to Trader hereunder immediately, without notice.

- Breach of Trader Guidelines and Procedures. Bulenox LLC may immediately terminate this Agreement upon written notice to Trader, in the event that Trader materially violates any of the respective guidelines and procedures of Bulenox LLC relating to the performance of Trader hereunder.

- Bulenox LLC may immediately terminate this Agreement upon written notice to Trader, in the event that Trader violates any of any paragraphs of Trader relating to the performance of Trader hereunder.

14. ACCOUNT INFORMATION CONFIDENTIALITY 

Trader is strictly prohibited from disclosing Bulenox LLC non-public personal financial information. Trader shall keep all information strictly confidential and comply with federal and state regulations. Financial information includes but is not limited to Trader’s name, address, personal information, Tax ID , credit or debit card information, bank information, account name and number, account data and details, FCM, IB, order history, performance history, current orders. 

 

15. MODIFICATIONS 

Bulenox may modify this Agreement from time to time. Any and all changes to this Agreement will be indicated by date. You agree to be bound to any changes to this Agreement when you use Bulenox Services after any such modification becomes effective. Bulenox may also, at its discretion, choose to alert all users with whom it maintains email information of such modifications by means of an email to their most recently provided email address. It is therefore important that you regularly review this Agreement and keep your contact information current in your account settings to ensure you are informed of changes. You agree that you will periodically check the Sites for updates to this Agreement and you will read the messages we send you to inform you of any changes. Modifications to this Agreement shall be effective after posting.

16. E-SIGN CONSENT

Your consent to this electronic signature agreement confirms that you are capable and agree to receive non-paper electronic communications from Bulenox LLC, its affiliates, and third parties, and to use electronic signatures in our relationship with you. If you do not accept this consent form or withdraw the consent form, your use of the service may be restricted.

Under this agreement, Bulenox LLC may provide all notices electronically via email or by making them accessible on the Bulenox.com website. However, communications include, but are not limited to agreements and policies required to use the Privacy Policy, payment authorizations, and transaction receipts or confirmations, and all federal and state tax statements and documents. We may also use electronic signatures and obtain them from you.

By signing this Agreement, Trader confirms that he/she reads, fully understands, and agrees to all terms and conditions in this Bullenox LLC document.