- Published on
Getting Paid
- Authors
- Name
- Michael W. Clark
- @MichaelW_Clark
Understanding the process of getting paid through Apex Trader Funding is crucial for traders aiming to maximize their earnings and optimize their trading strategies. Here’s a comprehensive guide to navigating the payment structure and leveraging the benefits offered to both PA (Paid Performance Account) and Evaluation accounts.
Trailing Threshold and Drawdowns
Apex Trader Funding employs a trailing threshold mechanism to manage risk effectively. For instance, if the maximum drawdown is 50,000 account, the trailing will stop at $50,100. This means:
- PA accounts have trailing stops at the threshold plus $100, while Evaluation accounts may continue to trail longer until the profit goal is reached.
- This feature represents a significant advantage for PA accounts, offering greater flexibility in managing trades.
Contract Limits and Account Management
- Trade up to your max contracts. It’s important to note that there are no options to add contracts. Instead, consider adding an additional account if needed.
- First three payouts have limits, but there are no caps on the fourth and subsequent payouts. For detailed examples, see HERE.
Withdrawals and Profit Sharing
- Withdrawals can be made twice monthly. For more detailed information on the process, see HERE.
- Traders keep 100% of the first $25,000, and 90% of the profits thereafter, aligning interests between the trader and Apex.
Monthly PA Fee and NinjaTrader License
- Once your PA account is funded, it's advisable to cancel your evaluation account to eliminate the evaluation fee for it.
- There is a monthly PA fee of 105 (Tradovate), or you can opt for a Lifetime (one-time) fee that varies by account size. This fee is all-inclusive for non-professional traders.
- Traders continue to enjoy the use of the Free NinjaTrader License Key, adding value to their trading toolkit.
Trading Guidelines
- Apex encourages trading during the news using your normal trading strategy. However, news trading strategies, directional or multi-directional news trades of any kind, including straddles and strangles, are prohibited. Such trades are considered high-risk and are not accepted.
- At no time can a trader be both long and short in their accounts. This includes multiple accounts or in arrangement with other traders, as it results in immediate closure of accounts and forfeiture of accounts and funds.
- Apex seeks to fund traders who follow a consistent trading plan in size, stops, and targets. Practices like trading max contracts on one trade, seeking "lucky windfalls" while trading micros the rest of the time, constantly changing sizes, dollar cost averaging, high-frequency trading, and inconsistent trading plans are discouraged.
The Goal of Trader Funding
Trader funding is designed to foster a long-term relationship of consistency and steady growth for both parties. Apex Trader Funding is committed to funding and paying out traders who adhere to a disciplined and consistent trading strategy, ensuring mutual success in the futures market.