Updated July 1, 2024
Minimum 7 trading days to pass
Reach profit target to move to funded account
Intraday Live trailing drawdown. The drawdown trails with your realized and unrealized P&L. Account balance must be maintained above drawdown limit at anytime.
Do not exceed the maximum number of contracts for each trade
Must close orders /positions before 4:59 p.m. EST, New York, for most products.
Trade your normal day-to-day strategy during the news release. However, your trading strategy cannot be based only on news.
In the 100k static account alone, the drawdown is fixed at 99,375.
Free reset of failed account upon renewal if you have another active evaluation subscription. Immediate reset cost: $80 on Rithmic, $100 on Tradovate.
Scalping is allowed. Adding contracts to a winning trade is allowed. However, adding 1 or more contract(s) to a losing trade is permitted only once. Mental or regular stops cannot be in excess of 3:1 (ratio of stops to profit target)
Trading Platforms: Ninja Trader (Apex recommended), Tradovate (can connect to TradingView, Ninja Trader), RTrader pro (Apex version) and other platforms compatible with Rithmic data feed can be used. Note: Tradovate evaluations and activations are $20 more than Rithmic.
Level 2 data add-on available for both Rithmic ($10 per exchange, per calendar month) and Tradovate ($41 per calendar month). Optional two login sessions for Rithmic available for $30 per calendar month.
Commission costs. E.g. In Rithmic, ES mini and micro are $1.99 and $0.51 each way respectively. In Tradovate, they are $1.55 and $0.52 respectively.
There is no limit on the number of evaluation accounts but traders can hold only a maximum of 20 funded accounts per household. Copy trading is allowed.
If you want to trade out as an LLC, it has to be done in the evaluation stage itself by providing your LLC name as your first name and your full name as your last name. The change to LLC cannot be done once your account is funded. There may also be a cost of $115 for professional market data.
Caution / Prohibited: Being inconsistent with trading strategies, position sizing and number of trading days; employing withdrawal based trading strategy; poor risk management; trading with no stop limit (or a mental stop); having stop loss in excess of 3:1 (loss : take profit) or moving stops backwards; having backup passed evals and blowing funded accounts repeatedly; adding contracts multiple times in a losing trade (Dollar Cost Averaging - DCA); placing a non directional bracket order; news trading strategy or morning open breakout trading without a directional bias; trading in concert with others; hedging minis, micros or other indices (e.g. Long ES, Short YM); utilizing fully automated trading systems; not monitoring trades (Note: Refer to Apex website as interpretations may differ among individuals)
* The above fee are for Rithmic connections. For Tradovate connection add $20
** Funded - monthly activation fee is $85 (Rithmic) or $105 (Tradovate)
After reaching profit target, do not trade until you receive email instructions on next steps (sign declaration and pay activation fee) Ensure the passed account subscription is not canceled during the waiting period. Once the account is funded, the evaluation subscription cancels automatically.
It is mandatory to go through the Master Training Course in their website before trading
Live trailing drawdown stops trailing once drawdown reaches initial balance plus $100 (column 7). For example, in a 50k account drawdown trails from 47,500 till it reaches 50,100 after which it stops trailing).
No resets
Traders may have to explain their trading system upon request.
When traders are consistent, their trades are copy traded by Apex. With more consistency traders will be moved to a live account.
Before requesting the payout the following conditions have to be met:
Trade 10 days at the same level of contracts and profit targets (consistent)
The best day cannot exceed 30% of total profits, in the first 3 months
Flipping (trading fewer contracts than usual to make it count as a trading day) in excess of 20% of days between payout requests is not permitted.
Reach minimum balance for payout request (column 8). Note: You don’t have to maintain a safety net after withdrawal, but the balance should not drop below initial balance plus $100 (column 7)
Payouts can be requested twice a month (1st to 5th and or 15th to 20th). There should be 10 trading days between payout requests.
You can resume trading after the payout request. Once approved, you will be paid even if the account is blown.
Minimum request amount is $500 and there is a maximum request amount (column 9) for the first 3 months only.
Traders receive 100% of the first $25,000 per account and 90% thereafter. No maximum lifetime cap on withdrawals.
Up to 20 funded accounts per household
First 100% of 25,000 per account for trader
Detailed FAQ
