I like that APEX allows you to trade 10 micros per mini because it's hard to trade your full position to the full extension of the trade. So I usually trade 10 micros and take off 5 when I get a decent r:r. It's hard on Topstep because if you are allowed 3 minis you are just allowed 3 micro too. On smaller accounts this one can be hard.
@@jermainedixon7677 normally, traders trade mini contracts in the regular NQ and ES, but the CME offers 'micro' contracts for some futures- like the MNQ and MES (the 'M' standing for 'micro'). These micro contracts are 1/10th of a mini contract in terms of price but experience the same movement. it's just a way for traders to limit exposure to give you the freedom to scale however much you need. for example, instead of trading 2 contracts on the NQ (equivalent to $40 a point, $20 per contract) you can trade 15 'micros' ($30 a point, $2 a contract) on the MNQ instead for more limited exposure if you desire it. Topstep is a little stupid because it doesn't differentiate between the 2- if you have a 50k account, you're only allowed to trade 5 contracts, no matter if it's on the NQ or MNQ- even though they have drastically different prices.
Where can you find statistics on how many persons were paid out the average RR for clients , length of time spent trading vs payout , how many traders don't pass the funding etc ?? Where can I find this info ??
payout traders and amounts are down bottom of Apex homepage. How many don't pass? We can guess that one together.....probably around 95% +. That's how prop firms make their moolah. Good luck
Yes. It's a rule some prop firms use in order to prevent people from getting windfall trades or making too much from just buying a bunch of contracts. It's dumb, but definitely doable and forces you to make more "realistic" profits. A lot of new traders will not realize how much of a blessing these rules are. It does force some people to change their strategy a bit. Since a lot of traders are not at the level that I am at, apex actually ends up making a lot of money from traders from having these rules in place. Inexperienced traders will continue to try to massive profits regardless of the rules in place. There are other prop firms for making large amounts that don't have rules that act as resistance in doing so.
@@egodrunk us not good, should be calculated at the end of the day, real profit or lost (not hypotetical and potential profits that were not earned)!!!
so you if go up the amount of your trailing treshold plus 100 then you dont need to worry about trailing treshold anynmore. so it would be wise to have money inside you account so that it will work as your trailing treshold buffert.
All about money bro! Apex offers more leverage over 20 accounts. That’s the advantage. If you’re a skilled trader and disciplined, you can make large gains spread over 20 accounts. Now most people will never have 20 because they will just yolo and rinse and repeat. That’s how apex affords to pay these massive payouts. Just be disciplined and you can make real good money. Just pass the buffer and the tdd goes away.
Hi Matt, Thank you for the info. is it possible for you to do a video on how you started with Apex, did you buy 1 account at a time or the 20 accounts? and did you copy traded them to pass the evaluation? Thank you
I've been watching you for a couple years now since you started out doing this w topstep . Good freaking job man. For keeping it going this long . Keep it up brother.
If opting for monthly payments on the PA, can subsequent payments (months 2, 3 and so forth) be deducted from profits, or do these need to be paid for using external/client funds? Also, can multiple accounts be paid for in batches, or does each account have to be paid for individually? Cheers.
Hey Matt - Good info. One question - Does Apex allow automatic trailing stops in Tradeovate? Particularly relevant with a trailing drawdown for unrealised gains, but at least one other prop firm doesn't allow auto trailing stops (you have to move it manually). Thanks!
Genuine question 🙋♂️. Why would anyone chose this option with a trailing drawdown over for example funding pips, swiftfunding etc with much better drawdown options and a one off fee? Thanks in advance.
The drawdown option forces traders to become better. You will become a better trader with it in place. Think about becoming consistently profitable not being drawdown ( we attract what we think about) - with a profitable mindset, high probability strategy and discipline … you won’t need to worry about drawdown. In terms of mindset - start listening to” I am a consistently profitable trader” affirmation videos everyday …you can find quick 2 minute sessions on CZcams
Thank you for your "overview " as it makes it easier to find the information to make informed decisions, listen up traders...Matt's info here helps you to learn, but you must do the work, so use his directions to learn what you need to know to make good decisions, no is going to hand you money and profits, that is your job!
TopStep is amazing. For one thing, the drawdown really does suck. It just does. But most importantly, you never ever have to worry about being paid with TopStep. They don't comb through your trades looking for things to disqualify you. Apex is notorious for denying payouts unless youre a social media person.
I want to use Apex but a big reason why i hesitate is because the hundreds of unanswered questions you find here in comments. I guess Apex FAQ section needs a huge update. I work in the AM so I need to be able to trade and or copy trade via mobile preferably linked to Trading view. Is this possible APEX???
That trailing threshold is designed to kill you. If you're looking to hold a position to pass the evaluation, it most likely will go against you and you'll blow the account. If you're going to be quick with taking profits and looking to pass with small scalps, well that is inviting over trading and you need to have a high accuracy rate in order to pass. Best account is the static imo.
If you trade a news event on 1 day and bank $20000, then just spend the next 9 days immediately buying/selling a single contract just to meet the minimum days they COULD consider that breaking a rule. In this case it would be breaking consistency and flipping.
Can I do the evaluation on one 50K account an then trade on 20 PA accounts after I paid the activation fee or do I have to pay for 20 evaluation accounts and then get funded?
This is pretty exciting stuff, if you think about it, except for your payment of a lifetime fee. ? Oh well a little pinch goes along ways! Thanks for sharing, and your time.
Appreciate the information. I don't think you covered all the rules, for example closing traders before end of day, etc. Can you please explain what rules will cause you to lose the account. Thank you.
Trades gotta be closed before 4:59 PM EST and can then be reopened after 6PM EST. You won’t be failed for holding through, but you risk getting liquidated if the market gaps. Apex will attempt to force close your open positions at 4:59PM EST though.
@@frank-lg6vcthats pretty stupid then lol. Stopping your trading to secure your withdraw is literally how to treat all firms and how the top people do it.
No that would break their consistency rules and you would be denied payout. Just continue trading your consistent amount of contracts and start until 10 days
But if you go back into the markets with your regular contract size you can potentially lose the profits you were holding onto to withdraw. How frustrating.
@@girlstradetooo yes but that risk is always there. If you can’t consistently be profitable, then that day would inevitably come where someone loses it all.
@@nj649 Yep. Gotta be 10 actual days traded. But the good thing is you can copy trade up to 20 accounts so payday may take longer but can be a higher payout than most firms offer. Every firm has its pros and cons ofc
Thanks for clear information about the Apex funded program, I have a question, is it possible to buy 20 accounts and do the evaluation process using copy trade methods. Thanks
I didn’t get the point that monthly payments. How long should I pay for when you pass evaluation ? Are there different contracts that when you are in ?
Do Apex look at statistics? Can you disqualify because of this? I had a day that I lost 800 simply it was 2 trades of 400 dollars. But when I earn I earn $400 Is this normal?
Everything sounds good, EXCEPT…. trailing drawdowns. Hard NO. Nothing like penalizing your traders for attempting to increase hold times in Winners, and catch larger moves. 👎
@@bmckenzie8708I did. Still not what I’m looking for. I am currently funded by one of their competitors and I’m very happy. I would like to diversify and trade for another firm as well though, and Apex with their reputation is at the top of my list. So I keep my eye on any changes they have to their process. If they drop the trailing drawdowns, then I’ll start some evaluations. Until then, I’m fine….
When you are funded, what is the initial balance? For example if I pass a 300k account. The initial balance is 320k? Or 307600? And what is the min account balance to make a withdrawal?
if you get 4 contracts. if you buy or g long 1 contract and then it goes agains you and you sell get rid of your open position 1 contract. does this mean you used 2 of 4 contracts? what if you buy and sell and then buy and sell you used 4 contract. can you only use 4 contracts at a time but you can trade multple times a day.
So if you’re a swing trader and it goes up 1k back down 1k then goes up 1k then comes back down 1k then you’re at a 2k drawdown? Am I getting this right? Because that’s insane
Couple questions. Does the Trailing Threshold persist even after you pass? What happens if you hit the trailing threshold after passing? Does you account get closed?
Yes trailing stays even when you pass but the trailing locks so say you had 100k eval the more you profit the higher your trailing follows you. But the trailing locks at 100k so best thing is to take it slow and build a buffer :)
hello, 2 questions plz if i use windows pc and want to open trade by tradingview , which broker i need to use? second , if i open today account with my bank account details and after wile i open new bank account in diff country on my name of course , it is possible to change it in apex?
1, What if payout hs been approved but not transferred yet and I blow the account before end of month? 2, Does failed evaluation reset every month automatically as long as I am paying the sub fee?
Is it 100$ of your challenge end amount or is 100$ of the start so example for a 100,000 challenge. Would it be 100,100 or 106,100 is when the trailing threshold ends
I'll try to remember to let you know once I find out, however I strongly suspect that it is reset because the balance from your eval is paper money, so converting to a PA with that cash wouldn't make a ton of sense
as soon as they get rid of the Trailing draw down and make it end of the day ,and make it 1 day to pass Evals ALL the time now were talking . TOP Step and MFF is still better
So it's a small cost (80% off) for the Eval-account, and another 105 dollars (Tradovate, 25k monthly fee) for the "activation" of the PA-account, which you lose completely at -1500?
Each evaluation comes with a monthly fee that you pay till you pass into a funded account. Once you pass, the evaluation account expired and then you choose either a lifetime fee or a monthly fee for the Paid/Funded Account.
so, payouts every 10 trading days... But do I HAVE to trade on ALL of these 10 days to have my payout request approved?? what if I traded 8 of these 10 days?
In copy trading with Matt, do you need to open all those positions individually, or is it unnecessary? I simply open one account, and the others will automatically replicate the trades from my primary account.
Once you get it above the profit target requirement, then gains on that just build a buffer into the DD. So 50k PA, once you hit 52,600, it starts adding profit to that number. So if you made 2,400 after that, your DD would be 5k, so on and so forth.
Correct. It keeps trailing until you pass on eval accounts. Stops trailing on PA accounts. For example 100k PA account stops trailing once you're at 103k. Eval account keeps trailing. If you're at 105k on eval, you cannot drop below 102k.
@@AdellesAK47 Absolutely. At that point the trailing DD has stopped and will stay at 100,100$. Anything above is yours to play with. The account will only be closed if you hit that 100,100$ mark, given that you follow all other rules. You can even withdraw the initial buffer of 6% (but you will then of course eat into your DD-buffer, so it is recommended to withdraw only profits above the buffer) There is however a limit on how much you can withdraw the first few times and first few months. Their info site is very searchable. After the first few withdrawals you can withdraw as much as you like.
@@AdellesAK47yes. My exact plan. And withdrawal limits are removed after 3/months of consistency. So pass>build buffer>repeat until maxed at 20 accounts. 💪🏾
I’m hoping so one can clarify, just to to certain, if for example I take out the challenge on the 50k, I am restricted to the contracts in order to achieve the profit target?
damn didnt realize we could use Quantower with apex. wish they had that written in big font like they do with tradovate, the headache getting ninja trader to work isnt worth it
So i signed up and used code TBM. I have my account log in info but its not working when i try to sign in to ninja trader... am i doing something wrong?
Thanks for this. For the profit/payout, does it count to the drawdown? For example, you made 3K on a 100K Account. Can you request the whole 3K without blowing the account? (3K is the max loss for the 100K Account) Where do I see the info about this on the website? Can someone help me out? Thank you in advance
Is this model conducive to swing & position trading, and how are loses managed? i.e: I take a 2% haircut on $50,000, I'm down $1000, and now my balance is $49k.
when you say yyou need to trade 10 days between requests. does that mean 10 trades between the request i make or 10 tradign days between the 1st through the 15th. i ask this because i work swing shift so i can only get 11 trading days in the month. could i use an apex acc with that work schedule or no?
You shouldn't be changing your strategy just because there's a trailing drawdown. If it causes you issues then you're trading too large and you'll either quickly break out of the threshold or blow the account anyways so no point in changing.
So they have just two types of accounts, an evaluation account and then a funded account? Can you withdraw money the evaluation accounts or only from the funded?
After watching your video, I opened an account yesterday and today I .and made $40, but after that I lost $2500. under this situation, what would e .y next day threshhol, I mean how much I can loose? Could you let me know fay's high of $4200, what is next day's amount available what I can lose without losing the account?
Used your code to sign up and just passed! Thanks for the help. This video was very informative too
hey there, is the fee to be paid every month?
I like that APEX allows you to trade 10 micros per mini because it's hard to trade your full position to the full extension of the trade. So I usually trade 10 micros and take off 5 when I get a decent r:r.
It's hard on Topstep because if you are allowed 3 minis you are just allowed 3 micro too. On smaller accounts this one can be hard.
Can you explain what micros are?
@@jermainedixon7677 they are 1/10 a mini contract.. well depending upon the instrument
@@jermainedixon7677 normally, traders trade mini contracts in the regular NQ and ES, but the CME offers 'micro' contracts for some futures- like the MNQ and MES (the 'M' standing for 'micro'). These micro contracts are 1/10th of a mini contract in terms of price but experience the same movement. it's just a way for traders to limit exposure to give you the freedom to scale however much you need. for example, instead of trading 2 contracts on the NQ (equivalent to $40 a point, $20 per contract) you can trade 15 'micros' ($30 a point, $2 a contract) on the MNQ instead for more limited exposure if you desire it.
Topstep is a little stupid because it doesn't differentiate between the 2- if you have a 50k account, you're only allowed to trade 5 contracts, no matter if it's on the NQ or MNQ- even though they have drastically different prices.
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen!
Great video thanks! I’ve blown two and watched my TP fluctuate next time I’ll close out!
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen!
Where can you find statistics on how many persons were paid out the average RR for clients , length of time spent trading vs payout , how many traders don't pass the funding etc ?? Where can I find this info ??
payout traders and amounts are down bottom of Apex homepage. How many don't pass? We can guess that one together.....probably around 95% +. That's how prop firms make their moolah. Good luck
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen!
i dont get it.. drawdown on unrreliazed gains?
Yes. It's a rule some prop firms use in order to prevent people from getting windfall trades or making too much from just buying a bunch of contracts. It's dumb, but definitely doable and forces you to make more "realistic" profits. A lot of new traders will not realize how much of a blessing these rules are. It does force some people to change their strategy a bit. Since a lot of traders are not at the level that I am at, apex actually ends up making a lot of money from traders from having these rules in place. Inexperienced traders will continue to try to massive profits regardless of the rules in place. There are other prop firms for making large amounts that don't have rules that act as resistance in doing so.
@@egodrunk us not good, should be calculated at the end of the day, real profit or lost (not hypotetical and potential profits that were not earned)!!!
@@alcifrerdewich2323 use a different prop firm.
@@alcifrerdewich2323yeah. Trailing drawdown on unrealized gains is ridiculous. End of day makes much more sense.
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen!
so you if go up the amount of your trailing treshold plus 100 then you dont need to worry about trailing treshold anynmore. so it would be wise to have money inside you account so that it will work as your trailing treshold buffert.
Why you leave TopStep? Seems several CZcamsrs have gone that route lately.
All about money bro! Apex offers more leverage over 20 accounts. That’s the advantage. If you’re a skilled trader and disciplined, you can make large gains spread over 20 accounts. Now most people will never have 20 because they will just yolo and rinse and repeat. That’s how apex affords to pay these massive payouts. Just be disciplined and you can make real good money. Just pass the buffer and the tdd goes away.
@@daniellamb507 brilliant :)
Hi Matt, Thank you for the info. is it possible for you to do a video on how you started with Apex, did you buy 1 account at a time or the 20 accounts? and did you copy traded them to pass the evaluation? Thank you
Right I’m curious too
do you need to pay every month a fee?
I've been watching you for a couple years now since you started out doing this w topstep .
Good freaking job man. For keeping it going this long . Keep it up brother.
If opting for monthly payments on the PA, can subsequent payments (months 2, 3 and so forth) be deducted from profits, or do these need to be paid for using external/client funds? Also, can multiple accounts be paid for in batches, or does each account have to be paid for individually? Cheers.
Just spent so much time learning how to hold trades, now these guys are demanding to go back to that clicking out bs
They are all promoting firms or their own firm so I'm sure they really want us to fail these evals lol
Hey Matt - Good info. One question - Does Apex allow automatic trailing stops in Tradeovate? Particularly relevant with a trailing drawdown for unrealised gains, but at least one other prop firm doesn't allow auto trailing stops (you have to move it manually). Thanks!
Yeah it’s allowed. You can do it in NinjaTrader and you can do it in Tradovate.
You should try out Humble Funding, they allow up to 25 PA’s and you can request higher payouts, they also have the lowest profit targets ive seen!
once youre on PA are you still paying the 147 monthly on top of the 105 monthly activation??
Can you make a video of how to pass these funded accounts? I can’t pass these funded accounts yet.
Buy low, sell high
Genuine question 🙋♂️. Why would anyone chose this option with a trailing drawdown over for example funding pips, swiftfunding etc with much better drawdown options and a one off fee? Thanks in advance.
The drawdown option forces traders to become better. You will become a better trader with it in place. Think about becoming consistently profitable not being drawdown ( we attract what we think about) - with a profitable mindset, high probability strategy and discipline … you won’t need to worry about drawdown.
In terms of mindset - start listening to” I am a consistently profitable trader” affirmation videos everyday …you can find quick 2 minute sessions on CZcams
Apex is like $35 for a 50k account with his discount.
What is the cost on the others?
And then 200$ activation :))))) so same shit man
Thank you for your "overview " as it makes it easier to find the information to make informed decisions, listen up traders...Matt's info here helps you to learn, but you must do the work, so use his directions to learn what you need to know to make good decisions, no is going to hand you money and profits, that is your job!
Chasing Pat or is topstep really that bad?
They both are just going where they get paid the most ;-)
TopStep is amazing. For one thing, the drawdown really does suck. It just does. But most importantly, you never ever have to worry about being paid with TopStep. They don't comb through your trades looking for things to disqualify you. Apex is notorious for denying payouts unless youre a social media person.
I want to use Apex but a big reason why i hesitate is because the hundreds of unanswered questions you find here in comments. I guess Apex FAQ section needs a huge update. I work in the AM so I need to be able to trade and or copy trade via mobile preferably linked to Trading view. Is this possible APEX???
Thx for the 80% off discount code 👍🏾
@a1pwn the monthly fee
That trailing threshold is designed to kill you. If you're looking to hold a position to pass the evaluation, it most likely will go against you and you'll blow the account. If you're going to be quick with taking profits and looking to pass with small scalps, well that is inviting over trading and you need to have a high accuracy rate in order to pass. Best account is the static imo.
Do you use an LLC? Or does anyone know? I looked through the videos but haven't been able to find anything on it.
Hi Matt, could you also talk about 20% flip rule. i don't understand that and there isn't a good explanation of it on their website
If you trade a news event on 1 day and bank $20000, then just spend the next 9 days immediately buying/selling a single contract just to meet the minimum days they COULD consider that breaking a rule. In this case it would be breaking consistency and flipping.
@@taylor2668 thanks. So if I have a set take profit of 20 ticks and it hits tp within maybe 10 seconds. Is that considered flipping?
You can only flip a contract 2/10 days to meet the required 10 days. Flipping a trade is just opening and closing a trade in a tick.
@@taylor2668 They would absolutely consider that a broken rule and refuse to pay. There is zero latitude given to anyone without a CZcams channel.
Thanks for the video! Very helpful. You look like Mike Modano#9 lol. Go Stars ⭐️
Great info Matt!
Can I do the evaluation on one 50K account an then trade on 20 PA accounts after I paid the activation fee or do I have to pay for 20 evaluation accounts and then get funded?
This is pretty exciting stuff, if you think about it, except for your payment of a lifetime fee. ? Oh well a little pinch goes along ways! Thanks for sharing, and your time.
Appreciate the information. I don't think you covered all the rules, for example closing traders before end of day, etc. Can you please explain what rules will cause you to lose the account. Thank you.
Trades gotta be closed before 4:59 PM EST and can then be reopened after 6PM EST. You won’t be failed for holding through, but you risk getting liquidated if the market gaps. Apex will attempt to force close your open positions at 4:59PM EST though.
@@1167sean thank you. Which rules will make you fail ?
@@tomjohns8691not taking profits and letting the trade go negative
@@tomjohns8691 SO many. So so many.
Forgot to mention that the Trailing stop comes up to the initial account value then holds there. This is very important.
He covers that starting at around 6:25 in the video.
If you are in good profit but still have lets say 6 trading days left can you just out on tiny size to get the payout?!
@@frank-lg6vcthats pretty stupid then lol. Stopping your trading to secure your withdraw is literally how to treat all firms and how the top people do it.
No that would break their consistency rules and you would be denied payout. Just continue trading your consistent amount of contracts and start until 10 days
But if you go back into the markets with your regular contract size you can potentially lose the profits you were holding onto to withdraw. How frustrating.
@@girlstradetooo yes but that risk is always there. If you can’t consistently be profitable, then that day would inevitably come where someone loses it all.
@@nj649 Yep. Gotta be 10 actual days traded. But the good thing is you can copy trade up to 20 accounts so payday may take longer but can be a higher payout than most firms offer. Every firm has its pros and cons ofc
Great overview, Matt.
Can you tell me which Sierra chart service you use? And does that service connect directly with Apex?
Thank u
so when you have a PA account you need to pay a activation fee? what do you mean with a one time fee and a monthly fee? do you pay monthly ?
Thanks for clear information about the Apex funded program, I have a question, is it possible to buy 20 accounts and do the evaluation process using copy trade methods. Thanks
Yes
I didn’t get the point that monthly payments. How long should I pay for when you pass evaluation ? Are there different contracts that when you are in ?
how does the tax work when you get paid? do you need to make your own tax or is the money paid altready taxed?
What platform should I use to day trade in stocks or options? Tradovate is mainly on futures! Pls help before I proceed with apex.
@Trades with Matt, is the code a one time thing? Like 80% off per month till pass eva. Or blown acc. Or its for the first one. Ty
For life of account
Matt do you have to use a stop loos when placing trades with Apex?
what is profit target and what is trailing treshhold
Do Apex look at statistics?
Can you disqualify because of this? I had a day that I lost 800 simply it was 2 trades of 400 dollars. But when I earn I earn $400
Is this normal?
Dang you got me wanting to switch to rhymiic! Back down the rabbit hole!!!
Everything sounds good, EXCEPT…. trailing drawdowns. Hard NO. Nothing like penalizing your traders for attempting to increase hold times in Winners, and catch larger moves. 👎
Did you see the 100k static option?
You are right. Is almost exclusively for scalpers
@@bmckenzie8708I did. Still not what I’m looking for. I am currently funded by one of their competitors and I’m very happy. I would like to diversify and trade for another firm as well though, and Apex with their reputation is at the top of my list. So I keep my eye on any changes they have to their process. If they drop the trailing drawdowns, then I’ll start some evaluations. Until then, I’m fine….
Trailing stops once you pass 5%
5% of your profit target?@@samricher
When you are funded, what is the initial balance? For example if I pass a 300k account. The initial balance is 320k? Or 307600? And what is the min account balance to make a withdrawal?
Thanks I have enjoyed your videos but if you are just starting out can I learn how to trade though APEX? THANK YOU.
if you get 4 contracts. if you buy or g long 1 contract and then it goes agains you and you sell get rid of your open position 1 contract. does this mean you used 2 of 4 contracts? what if you buy and sell and then buy and sell you used 4 contract.
can you only use 4 contracts at a time but you can trade multple times a day.
Hello Matt
Great Explanation
In recent times if you can which is the best firm by rule and payout wise?
Apex. FTMO. 5% ers
So if you’re a swing trader and it goes up 1k back down 1k then goes up 1k then comes back down 1k then you’re at a 2k drawdown? Am I getting this right? Because that’s insane
Couple questions.
Does the Trailing Threshold persist even after you pass? What happens if you hit the trailing threshold after passing? Does you account get closed?
Yes trailing stays even when you pass but the trailing locks so say you had 100k eval the more you profit the higher your trailing follows you. But the trailing locks at 100k so best thing is to take it slow and build a buffer :)
If you hit the trailing you lose the account
hello, 2 questions plz
if i use windows pc and want to open trade by tradingview , which broker i need to use?
second , if i open today account with my bank account details and after wile i open new bank account in diff country on my name of course , it is possible to change it in apex?
1, What if payout hs been approved but not transferred yet and I blow the account before end of month?
2, Does failed evaluation reset every month automatically as long as I am paying the sub fee?
2. Yes
1. You still get a payout if it’s approved and the money was removed from your account
Also the account only resets with the monthly fee if the account is failed prior to market close the day before your billing
Is it 100$ of your challenge end amount or is 100$ of the start so example for a 100,000 challenge. Would it be 100,100 or 106,100 is when the trailing threshold ends
After you pass your evaluation, is your evaluation account balance transferred to your PA or is the account balance reset to the account value?
I'll try to remember to let you know once I find out, however I strongly suspect that it is reset because the balance from your eval is paper money, so converting to a PA with that cash wouldn't make a ton of sense
You didn’t explain how much you need to make to take your first payout or how many trading days you need to do to then take a payout
as soon as they get rid of the Trailing draw down and make it end of the day ,and make it 1 day to pass Evals ALL the time now were talking . TOP Step and MFF is still better
So if i buy the 25k challenge, i pay 160$ (-80%) each month til i hit my profit goal, or hit my drawdown?
Can you copy trades on multiple evaluation accounts to pass them around the same time?
Yes
Great content. Can you do the evaluation for multiple accounts an once?
Yes
haha public math is hard.... I felt that 🤣
So it's a small cost (80% off) for the Eval-account, and another 105 dollars (Tradovate, 25k monthly fee) for the "activation" of the PA-account, which you lose completely at -1500?
If you had your own money, how much of a loss would you incur on a 3 point move against you?
Do we only pay the lifetime fee once we pass the challenge? What if we do not reach the target amount will we be required to pay any money?
Each evaluation comes with a monthly fee that you pay till you pass into a funded account. Once you pass, the evaluation account expired and then you choose either a lifetime fee or a monthly fee for the Paid/Funded Account.
so, payouts every 10 trading days... But do I HAVE to trade on ALL of these 10 days to have my payout request approved?? what if I traded 8 of these 10 days?
why leave topstep?
Money
Expensive
In copy trading with Matt, do you need to open all those positions individually, or is it unnecessary? I simply open one account, and the others will automatically replicate the trades from my primary account.
Once you get the funded account and pass the evaluation, do you need to still pay monthly fees indefinitely apart from the traded contracts)
Hey is the profit 1500 per month or per day ?
So they essentially want you to scalp
or have a good entry and profit target levels
For funded account, if you did the monthly fee and you switch it to the lifetime fee later?
@TradesbyMatt so how do we set up a lot size calc on this for futures
Please odes it mean one can't buy accounts from APEx using crypto as a payment method?
Let's say hypothetically it takes me 3 months to pass an evaluation. If I use promo code TBM, will each month be 80% off?
Yes
Are the max contracts per trade, per day, or per evaluation phase?
Per trade
Hello! Could you please tell me where to get apex relevant financial new? I believe it's called first tier news.
Thanks Matt, very helpfull !!
So I'm assuming the no DD applies only once the account is a PA. Correct?
Once you get it above the profit target requirement, then gains on that just build a buffer into the DD. So 50k PA, once you hit 52,600, it starts adding profit to that number. So if you made 2,400 after that, your DD would be 5k, so on and so forth.
Correct. It keeps trailing until you pass on eval accounts. Stops trailing on PA accounts. For example 100k PA account stops trailing once you're at 103k. Eval account keeps trailing. If you're at 105k on eval, you cannot drop below 102k.
@@ERevoNor Can you keep a bigger buffer? For example, if you have 100k and build a 10k buffer and only make withdrawals above 10k profit?
@@AdellesAK47 Absolutely. At that point the trailing DD has stopped and will stay at 100,100$. Anything above is yours to play with. The account will only be closed if you hit that 100,100$ mark, given that you follow all other rules.
You can even withdraw the initial buffer of 6% (but you will then of course eat into your DD-buffer, so it is recommended to withdraw only profits above the buffer)
There is however a limit on how much you can withdraw the first few times and first few months. Their info site is very searchable.
After the first few withdrawals you can withdraw as much as you like.
@@AdellesAK47yes. My exact plan. And withdrawal limits are removed after 3/months of consistency. So pass>build buffer>repeat until maxed at 20 accounts. 💪🏾
I’m hoping so one can clarify, just to to certain, if for example I take out the challenge on the 50k, I am restricted to the contracts in order to achieve the profit target?
Can we take payout through Crypto please can anyone reply this
damn didnt realize we could use Quantower with apex. wish they had that written in big font like they do with tradovate, the headache getting ninja trader to work isnt worth it
trade through TV
So i signed up and used code TBM. I have my account log in info but its not working when i try to sign in to ninja trader... am i doing something wrong?
Great info! Thank you.
So when I start the combine and (using the 25k as an example) my goal is to hit $1,500 in 4 contracts, is that money from APEX or from my own account
The only money you pay is the monthly fee for the evaluation, resets, and then the fee when moving into a funded account.
Thanks for this. For the profit/payout, does it count to the drawdown? For example, you made 3K on a 100K Account. Can you request the whole 3K without blowing the account? (3K is the max loss for the 100K Account) Where do I see the info about this on the website? Can someone help me out? Thank you in advance
The number shown next to contracts...is that the max number per trade?...per day?
max number per trade
@@TheLeader171do you mean max trades you can take?
@@sacr4450I think that it may be the maximum that your account balance will allow, based on account leverage. I'm not 100% though.
@@sacr4450unlimited, you just can’t increase size past the account limit
Do the 10 trading days between payouts have to be winning days
No
Hey, does DCA get payout denied? With NQ mini contracts
After you request, how long before you can trade that account again?
Thank you so much!!
What are the payments method??
What if you use MAC? Ninja Trader or Tradovate? Why doesn't Apex inform you?.
tradeovate if you use mac
Apex does. They have it in their FAQs. Just type “MAC” into the search bar
Is this model conducive to swing & position trading, and how are loses managed? i.e: I take a 2% haircut on $50,000, I'm down $1000, and now my balance is $49k.
when you say yyou need to trade 10 days between requests. does that mean 10 trades between the request i make or 10 tradign days between the 1st through the 15th. i ask this because i work swing shift so i can only get 11 trading days in the month. could i use an apex acc with that work schedule or no?
You shouldn't be changing your strategy just because there's a trailing drawdown. If it causes you issues then you're trading too large and you'll either quickly break out of the threshold or blow the account anyways so no point in changing.
Hey how many days do I have to an evaluation account?
Hi Matt do you have a copy trade channel ? Thanks
So they have just two types of accounts, an evaluation account and then a funded account? Can you withdraw money the evaluation accounts or only from the funded?
Just from funded
is it 80% off for a single month, or for every month ?
Matt what if you did a head to head with traders evolve and Daniel inskeep
@@frank-lg6vc I’d like to see how Daniel does now that he’s been getting better
Turn the music off can't hear you
Can you trade forex pairs with this account?
After watching your video, I opened an account yesterday and today I .and made $40, but after that I lost $2500. under this situation, what would e .y next day threshhol, I mean how much I can loose? Could you let me know fay's high of $4200, what is next day's amount available what I can lose without losing the account?