Category: Analysis

Data-driven analysis of prop firm economics, rules, and payout math.

  • Apex Trader Funding’s 2026 Overhaul: Every Rule That Changed

    Last verified against Apex’s official help center: July 13, 2026. Every claim below links to Apex’s own pages. This page is updated whenever our weekly rules sweep detects a change.

    The short version

    On March 1, 2026, Apex Trader Funding quietly retired the product line that made it famous — subscription evaluations, unlimited resets, the 30% rules, the 90/10 split after $25K — and replaced it with something structurally different. Most reviews, YouTube videos, and comparison tables you’ll find today still describe the old products. They no longer exist for new buyers.

    Here’s what you’re actually buying in 2026, from Apex’s own documentation.

    What changed: old vs. new

    RuleLegacy (pre-Mar 2026)New products (current)
    Fee modelMonthly subscription, rebillingOne-time fee, no rebill; eval expires after 30 days (source)
    ResetsPaid resets anytimeNo resets. Fail or expire = buy a new eval
    Profit split100% of first $25K, then 90/10100% payout split — but see payout caps below (source)
    Consistency rule30% MAE-style rules50% consistency — blocks payout only, doesn’t fail the account
    Account lifespanOpen-endedPA closes permanently after 6 payouts, then a new eval is required
    Drawdown optionsTrailing variantsChoice at purchase: Intraday Trail (cheaper, harsher) or EOD Trail (pricier, gentler) (source)

    The trailing drawdown, in Apex’s own words

    The intraday version trails your peak balance including unrealized P&L, tick by tick, in real time — a spike you give back can end the account even on a green day. From Apex’s documentation: “The threshold follows the account’s highest intraday balance (Peak Balance)… It maintains a fixed dollar distance behind the peak… enforced in real time, including unrealized PnL.”

    The EOD version recalculates only at 4:59:59 PM ET from your closing balance — intraday spikes don’t move it. That difference is most of what you’re paying for: the 50K EOD eval lists at $490 vs $249 for intraday.

    One nuance almost nobody documents: the drawdown behaves differently by platform. On Rithmic and WealthCharts evaluations it stops trailing once it reaches the profit-target balance; on Tradovate evaluations it trails indefinitely. Same product name, different math.

    What a “$25 account” actually costs

    With the current 90%-off code, a 50K intraday eval is $24.90. The real path to a first payout, from official terms: eval $24.90 + $59 activation fee + you must bank $2,100 above the lifetime safety net + five separate $200+ profit days before the first payout window + payout #1 is capped at $1,500. Maximum lifetime extraction per PA is roughly $15,000 across 6 payouts — then the account closes and you start over.

    That’s not a criticism — a 100% split with an $84 all-in entry is genuinely aggressive pricing. But it’s a different product than “get funded, trade forever,” and you should size expectations to the receipt, not the banner.

    Frequently asked questions

    Did Apex remove resets?

    Yes. New products (post-March 2026) cannot be reset — a failed or expired evaluation requires a new purchase. Legacy account holders keep reset ability.

    Is the Apex payout split really 100%?

    Yes, on approved payouts — but payouts are capped per payout ($1,000–$5,000 depending on account size and payout number), gated by a 50% consistency rule and a lifetime safety net, and each PA closes permanently after 6 payouts.

    Does Apex still allow 20 accounts?

    Yes — up to 20 Performance Accounts simultaneously across all types and sizes, per Apex’s prohibited-activities page.

    Is automated trading allowed at Apex?

    No. AI, algorithms, and fully automated systems are prohibited on all Apex account types and forfeit the account. Topstep, by contrast, permits automation within limits — a real differentiator if you trade systematically.