Apex Trader Funding’s distinctive proposition lies in offering traders the chance to amass significant profits through multiple accounts, all at a low cost. This unique feature positions Apex as an exceptional platform for individuals looking to maximize their earnings efficiently and effectively.
For those seeking evaluation, there is a monthly subscription cost. Funded Accounts, on the other hand, offer the flexibility of either monthly or lifetime subscriptions. The monthly subscription for funded accounts is set at $85 while the one-time payment varies depending on the size of the account. Notably, Apex does not allow traders to upgrade from a monthly to a lifetime subscription at any point. Resets on evaluations incur a $80 fee for all accounts.
Apex Trader Funding initiates the transition to Live Funded status for traders who consistently demonstrate commendable performance and maintain sound risk management practices over an extended period. This approach ensures that traders are elevated to live market conditions when they have proven their capabilities over time. It’s worth noting that Sim Funded accounts execute orders in a simulated market, while Live Funded accounts direct orders to the actual live markets.
Objectives: For Evaluation Phase
Failure:
Unlimited evaluations | 3 Active Funded per user
Any additional evaluations passed beyond this limit can be reserved and activated as slots become available. However, reserved evaluations are still subject to monthly charges. $130 one-time fee.
Evaluation Phase: EOD Trailing Drawdown
Funded Phase: Intraday Trailing Down
TakeProfitTrader offers a single account type, with the unique feature that the drawdown rules differ between the evaluation phase and the funded phase.
Withdrawal from 1st Day with no limit
Sim Funded (PRO): 80/20 Split
Live Funded (PRO+): 90/10 Split
No Consistency rule on Funded Phase.
Requirement for Payouts:
Withdrawing profits beyond the buffer zone, which is equivalent to the drawdown amount, will result in the account being disabled,
Consistency Rule (Only Evaluation): Require 50% highest profitable day. Â The balance in the account cannot consist of more than 50% of the profit balance from a single trading day. Take your highest profitable day and divide it by .5 to calculate the net profits you need to adhere to the consistency rule.
Scaling Rule (None): Each trading account has a specific limit on the number of contracts you can buy or sell at once. Under a scaling plan, these maximum contract limits will increase as you accumulate net profits in your trading balance
News Trading (TPT Not Allowed): All Funded accounts must be out of all positions, and have no open orders, one minute before, during, and after the major news event
Flipping Rule (None): Flipping refers to the strategy of quickly entering and exiting trades within a day to manipulate the payout cycle and log a trading day.
Inactivity Rule for Funded Accounts
Evaluation: Yes
Drawdown Type: Intraday Trailing
Daily Loss Limit: None
Max Drawdown: 5%
Consistency Rule: 35% Funded / None Eval
Activation Fee: $125
Evaluation: Yes
Drawdown Type: EOD Trailing
Daily Loss Limit: Yes, 3,5%
Max Drawdown: 5%
Consistency Rule: 35% Funded / None Eval
Activation Fee: None
Evaluation: None
Drawdown Type: EOD Trailing
Daily Loss Limit: Yes, 3,5%
Max Drawdown: 5%
Consistency Rule: 20% Funded
Activation Fee: None