Taking Out $2000 From APEX + Every Payout Rule You Need To Know
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- Опубліковано 4 чер 2024
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Disclaimer: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am sharing my opinion with no guarantee of investment gains or losses. You should never trade with money you can’t afford to lose. Prove profitability in a simulator before trading with real money.
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00:00 - Intro & Discount Coupon
00:49 - Payout Rules
09:50 - User Dashboard
14:02 - Payout Request Form
15:36 - Payout Approval Update
*Some people think this is my 37th account because of the blurred out acct number. The 37 is the beginning of my customer number. The evaluations/account numbers are at the very end which are not shown.
How do I check my consistency
Awesome! I just passed and got my funded 50k account yesterday and also had a big 1.5k day today. Gonna have to start being more conservative to watch out for that consistency rule.
lovely would love to see more of these in the future
Very nicely presented, thanks Gabriel
Simply put, this is a great video showing the step-by-step process of a (your) Apex account.
great video. thank you. what platform are you using?
For this Apex account I am using Tradovate through TradingView. But I mainly use Sierra chart for day trading.
Great explanation
thank you for your detail video, very valueble and informative, what lote size you use?
I use 1-2 minis per trade.
submitted my payout today. currently under review but hope all goes well and I get approved tomorrow or Monday. thanks for the vid!
Congrats!
Thanks for the video - amazing! What percentage per trade would you recommend for trading a 50k funded account with Apex? Just asking because of the trailing drawdown rule
Well the trailing DD on the 50k is $2500. So if you wanna be trading like 2% risk and stuff you'd have to go with micros. But I usually up the risk a bit and use minis and look to risk like $200 per trade. And also look to secure profits because of the DD rule to not have winners come back against me.
So your max drawdown is $2500 on a 50k account?
Yes
Hi, for non-US citizens, what are the payout option available? Can’t find that information anywhere in Apex website
Not sure. I would write to their customer support.
37th PA account I am on the 9th one, will take your advice on shorting 4-6 hundred profit daily
That’s not the 37th account. That’s just the start of the customer account number. The individual account numbers go at the end.
Congrats, got my payout as well. Would love to see a live trade you take and how you manage it. Hope you take advantage of copy trading and increase your profit potential, some guys with 20 accounts get 40k plus a month. I have 4x25k at the moment.
Good luck on those accounts. I've been using the Tradovate account for this video account through TradingView. In the future if I start using Sierra Chart for Apex I might look into the trade copier.
Great thank you
Can you trade options with QQQ?
Would like to try apex
Is there a practice? Thank u
There is no free trial. It is only for futures markets. You can trade NQ and MNQ futures.
It be great if the defined the timeframe for the 20% rule. Are they wanting you in a trade 5 minutes or more? I scalp and and the majority of my times for holding are 5 minutes to 30 minutes.
I think that is valid. And as long as you use regular trade sizes consistently. I think there would be red flags if you got several days where you are just making 1 micro trade for like 30 seconds each, just to make the day count.
Thanks Gabriel. Where do you put your bank information?
I requested my first payout also, but I can't find any place on the dashboard asking for bank account. Thanks
They used to work with Wise and DEEL and have now gone into a direct deposit ACH format. I had already set it up for my affiliate a while back, but there should be an option there to select under the "payout method" tab in the dashboard.
Can we get an update on this? Were you abel to link to your bank?
Hey i initiated a payout request on a apex and it says its "under review," have you had this before?
Yes, it took me about 36 hours from the time I sent the payout request for it to be approved after being in review.
have you ever gone over the 30% rule? if so did you just have to grow your account and they approved you for withdrawal? thanks.
Yes. You just have to keep trading until you bring it down below 30%. I have not had it happen with Apex as I am very aware of the rule and try to stay in line, but in evaluations with other companies with consistency rules before.
@@PriceActionVolumeTrader thanks. have you tried my funded futures?
I have opened an account to test it out and it looks great. I have a guide on them here on UA-cam already and 2 more coming next weekend. And I am running a 3 account giveaway on X/Twitter now with them. Cut off is today at 7pm EST. You can still go enter!
Hi, I'm a little bit confused on the 10 day period rule. Let's say I made 5k in 3 days, do I still have to trade within those 7 days (small trades) or can I not touch the account and wait for the 7 days to pass to request a payout? Thank you!
Yes you need trades on 10 days. Remember too there is a 30% consistency rule in funded.
Be careful making that much in one day because of the 30 percent rule..
I’m new to apex funding. Do I have to trade a eval for 10 days and then I pay first a pa and trade that for 10 days?
No, the evaluation formally is at least 7 trading days, but they got an offer now of just passing in as little as 1 day if you hit the profit target. Once you pay and activate the funded performance account, then you do need to trade at least 10 days between payout requests.
so can i pass in one day and once i hit 2600 on pa then request a payout between the 1-5 and the 15-20@@PriceActionVolumeTrader
You need to trade 10 days before requesting payout. And comply with consistency rule.
Will apex decline a payout if i trade 6 trades on one day and 2 on each day after (I have not broken the 30% rule) any help would be 👌
That’s not an issue. You can take as little as 1 trade. As long as it’s not obvious you are just trying to make the day count by opening/closing 1 micro for example with no real intention to trade.
The most convoluted requirements of any company, in any industry, EVER. Trading is difficult enough. Then you have to perform mental gymnastics to qualify for a payout? I got shit to do.
They do have more rules than others like TradeDay or My Funded Futures. But traders can just make the decision if it fits their strategy. But yeah, I do think having a consistency rule in a funded account is counterintuitive. It makes you want to limit your wins, to not skew your parameters.
Yea bro they are terrible. I can’t trade my real strategy with them. I blew dozens of eval and I was a highly profitable trader on personal. The ONLY good thing is they are a VERY inexpensive way to learn!
@@PriceActionVolumeTraderit’s so counterintuitive that I ignore it completely. I trade the same way I pass them after 2-3 good days depending how much profit I just trade smaller and take scalps
That's the thing. No one comes close to cheaper evaluations than them. I think if you just have a consistent strategy the payout rules should not stop you from being able to make profits. Just gotta adapt to them. Or try out several companies to see what fits best.
@@PriceActionVolumeTrader yes I agree man. Now when it comes to total cost of funding MFF is close because for $165 you can get a eval with no activation FEE vs Apex 33 eval and 85 fee.
But like you said that eval is invaluable. I failed like 5 before I passed one and EVEN before that it took me failing dozens to REALLY get my strategy down for them so even though they have bad rules the experience was worth it because I was an options trader new to futures.
If I was with Topstep the whole time I would have spent a lot more money
Can I only trade once a week with Apex? I can only trade on Fridays. Thanks
Sure, you can take as long as needed to pass or request payouts, you'll just need to be paying the monthly fee.
Great video, So if you have multiple accounts for example i opened my first account today and then a week later i want to open another one,do i have to wait another 7 days for every account?
No, you can sign up whenever you want, up to 20 accounts overall.
@@PriceActionVolumeTrader But I order to pass theirs a seven day wait ? For every account ? Also if you blow the account you have to pay another fee on top of the months fee?
In general they require 7 days of evaluation before passing. But lots of times they have promotions that you can pass in just 1 day. But yes, in general it is 7 trading days minimum per account. If you blow the account you can pay a reset to start trading again, but in general it's cheaper to just cancel the account, and buy a new one with an 80-90% OFF coupon code. You can use my code PAVT for getting the maximum discount available.
@@PriceActionVolumeTrader Thank you 🙏 I think I did mess up my account it says order rejected on trading view 🤣 but my balance is still above $50K why is it only 10 contracts for 7 days makes no sense
I think you are not understanding the parameters. What do you mean only 10 contracts for 7 days? Each account has a maximum amount of contracts allowed per position. The larger the account, the more contracts allowed. Every account, no matter the size has the same 7 days minimum trading to pass.
As for the balance still above 50k and you got liquidated, probably because of the trailing drawdown.
Thanks for this video. What’s been your average trade size on this 50K account….1-3 lots?
And because of the 2500 drawdown, have you traded micros to scale?
I usually do 2-4 for quick scalps. Because of the trailing drawdown rule on Apex I don't try to let things run because I don't want to give back much profits if it starts coming back against me. So I go for quick tight risk trades of just a few minutes each.
Woooah what a risk. I usually do 5 mnq and targeting 20 pts daily for 25k PA accounts
@@PriceActionVolumeTrader 2-4 minis on 50k account?
@reginrezrentegrado233 if you have an edge, shouldn't be scared
ok here is my confusion with this lets say i have a50k account on it they allow for 2500 loss before the account is blown right so now let's say i pass the rigged simulator and move on to the paid rigged simulator and i again reach my target of 3k you say my daily draw down stops ok great but do i still have the 2500 loss on allowed on a account meaning that if i have 53k can i lose the 2500 or are you trying to tell me that once i pass all draw down allowed disappears and i only have the 100 to trade with
In funded there is no set profit target. But you would need at least $52,600 balance to request payout. At that point your liquidation would still trailing at $50100. So if you hit $3000 profit you can lose up $2900. That’s your buffer. But to request a payout the balance has to be above $52,600.
Rigged simulator?
Lets say I reached the 52.600 to qualify for my first payout.
Now I get a payout of $2000dollars…
my new account balance will be 50.600.
Which also means I now only got a $500 max. drawdown until I reach the 50.100 and blow the account?
Yes
Let's say I made $10,000 for my first month of trading with Apex on a $25,000 account. Will they allow me to withdraw $1,500 for the upcoming payout week?
Yes. You can take out $1500 twice a month max for the first 3 months on a 25k account. You'll have to wait now to request for the 15-20th of April period as an example. Again following the rules of at least 10 trading days between payouts, the consistency rule/flipping and your balance has to be above $26,600 when you request.
what about the flipping rule?
There is a 20% flipping rule. It did not affect me as all 10 days I made regular trading days. A couple of days I did make lower profits then others but I still held the trades for several minutes and made more than 1 trade each day.
The flipping rule Is hard to trace. If you have trailing stop strategies it might spike one day. Does this one spike really mean you’re doing micro trades compared to a rare event? Hopefully ppl aren’t being dropped in evaluation over this one. It’s using negative probability against the trader mathematically speaking over things they can’t control.
Yeah not sure how strictly enforced this rule is. I’ve never heard anyone that was denied because of it myself.
Best to do the static Account
This is ridiculous, they set this up for traders failure. I can understand all the rules on the eval side, but why would you limit traders on how much they can earn and withdraw on the funded side?
Well I think it is meant to keep people from gambling and trying to go all in for a big windfall and blow up as soon as they start funded. But yeah some other companies do not limit you. You just adapt to the rules of each.
They gotta protect themselves to stay in business if they would let people just do a withdrawal whenever without consistency rules with 20 accounts some body would hit them for a million dollar day
You’re asking for too much..