Apex Trading Challenge: Accounts’ unique rules

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When you are ready to start your first trading Challenge at Apex Trader Funding, they provide seven trading account sizes:

  • $25K FULL
  • $50K FULL
  • $75K FULL
  • $100K FULL
  • $150K FULL
  • $250K FULL
  • $300K FULL

This article will focus on the challenge offered by Apex on all these trading accounts.

Overview of the Apex $25K Trading Challenge:

Apex $25K Trading Challenge account
Price$147 (50% off here with code TF50)
Rules of the Trading Challenge
Trailing threshold$1500
Max position size4 contracts (20 micros)
Stipulated trading times6 PM TO 4:59 PM ET
Profit target$1500
Minimum trading days7 days

Overview of the Apex $50K Trading Challenge:

Apex $50K Trading Challenge account
Price$167 (50% off here with code TF50)
Rules of the Trading Challenge
Trailing threshold$2500
Max position size10 contracts (20 micros)
Stipulated trading times6 PM TO 4:59 PM ET
Profit target$3000
Minimum trading days7 days

Overview of the Apex $75K Trading Challenge:

Apex $75K Trading Challenge account
Price$187 (50% off here with code TF50)
Rules of the Trading Challenge
Trailing threshold$2750
Max position size12 contracts (24 micros)
Stipulated trading times6 PM TO 4:59 PM ET
Profit target$4250
Minimum trading days7 days

Overview of the Apex $100K Trading Challenge:

Apex $100K Trading Challenge account
Price$207 (50% off here with code TF50)
Rules of the Trading Challenge
Trailing threshold$3000
Max position size14 contracts (28 micros)
Stipulated trading times6 PM TO 4:59 PM ET
Profit target$6000
Minimum trading days7 days

Overview of the Apex $150K Trading Challenge:

Apex $150K Trading Challenge account
Price$297 (50% off here with code TF50)
Rules of the Trading Challenge
Trailing threshold$5000
Max position size17 contracts (34 micros)
Stipulated trading times6 PM TO 4:59 PM ET
Profit target$9000
Minimum trading days7 days

Overview of the Apex $250K Trading Challenge:

Apex $250K Trading Challenge account
Price$517 (50% off here with code TF50)
Rules of the Trading Challenge
Trailing threshold$6000
Max position size27 contracts (54 micros)
Stipulated trading times6 PM TO 4:59 PM ET
Profit target$15000
Minimum trading days7 days

Overview of the Apex $300K Trading Challenge:

Apex $300K Trading5Challenge account
Price$697 (50% off here with code TF50)
Rules of the Trading Challenge
Trailing threshold$7500
Max position size35 contracts (70 micros)
Stipulated trading times6 PM TO 4:59 PM ET
Profit target$20000
Minimum trading days7 days

The Rules & Targets of Apex Trading Challenge Accounts

Meet the profit goal 

Apex trading challenge accounts have a designated profit goal. Traders must attain this profit goal if they want to complete the challenge, and they can take as much time as they wish. However, the minimum number of days to achieve this is seven, meaning traders are given sufficient time to complete the profit goal. 

AccountProfit Target
$25K$1,500
$50K$3000
$75K$4250
$100K$6000
$150K$9000
$250K$15000
$300K$20000

The critical point here is for traders to show a certain level of consistency when trading and trying to meet the profit goal. 

Trade for a minimum of 7 trading days 

For this rule, traders must trade for at least 7 trading days before they can say that the challenge has been completed. In other words, traders need to open and close trading positions for a minimum of 7 different trading days to be eligible for funding. Even if the profit goal is achieved in less than seven days, the trader has to keep trading until the required minimum trading days of 7 is reached. 

Do not hit max loss 

This rule concerns the trailing threshold attached to the various account sizes offered by Apex. For example, the trailing threshold for the $25K account is $1,500, which is highly significant. This is why traders need to have a concrete understanding of the trailing threshold and how it works to avoid mistakes that may lead to the termination of the challenge account.

AccountTrailing Threshold
$25K$1500
$50K$2500
$75K$2750
$100K$3000
$150K$5000
$250K$6000
$300K$7500

What exactly is the trailing threshold, and what is its significance? The trailing threshold at Apex Trader indicates the acceptable limit on the amount of losses a trader can suffer on his trading challenge account. Understanding this will allow traders to be responsible and consistent in their trading, thus protecting them against hitting the max loss while also making it possible to complete the Apex trading challenge. Below is an example of how the trailing threshold works.

Example:

Since the trailing threshold for the $25k account is $1,500, the allowed minimum account balance is thus $23,500.

$25,000 – $1,500 = $23,500

This means the account balance must never drop below this value, or the account will be terminated. 

If for the first trade initiated by the trader, a profit of $1,000 is made. The account balance becomes $26,000, and the new allowed minimum balance jumps to $24,500.

$26,000 – $1,500 = $24,500

If the trader continues to trade but then incurs a loss of $200, which leaves the balance at $25,800, the allowed minimum balance does not change because the highest profit for that live trade remains $26,000.

$26,000 – $200 = $25,800

If the trader is yet to close that particular trade due to sensing an opportunity and then makes another profit of $500, the new account balance becomes $26,300. 

$25,800 + $500 = $26,300

The trader finally closes the trade after this transaction with a net profit of $300, with the allowed minimum balance increasing to $24,800.

$26,300 (highest balance) – $1,500 (trailing threshold) = $24,800

This is because the trader’s highest balance when implementing transactions on an open trade was $26,300, and the trailing threshold will always be $1,500 behind the highest balance for this account size. This remains true even though the closing account balance for this trade is $26,100.

$26,300 (highest balance) – $200 (loss) = $26,100

Do not make your account access to other people 

This rule is straightforward because violating it is regarded as impersonation and a fraudulent act that Apex does not allow. Therefore, traders are warned against sharing their login details (username and password) with other people. 

It is essential to understand the rules of the Apex trading challenge and recognize its uniqueness to approach it as such and avoid unnecessarily violating any rule. 

More to know about the Trading Accounts from Apex

holding an open position or open pending order beyond 4:59 PM ET. 

On 29 September 2022, Apex Trader removed the rule that eliminates you when you trade overnight between 4:59 PM and 5:59 PM ET., even if you have an evaluation or a PA account (a performance-funded account).

This great news makes Apex have very few rules compared with other companies on the market.

So you don’t have to be worried if you open a trade or leave an open trade during this time because the Apex Trade system will auto-liquidate that position for you.

But the Apex team advises you not to abuse this option but to use it as a backup.

What will you get after winning the Trading challenge?

You will get a live trading account funded by Apex, in which the contract and payment link will be sent to the trader’s email, after which the trader can begin to access the funded account.

What happens if I break a rule?

Your account will be terminated, but that will not necessarily signify an end to your quest to access a funded account. This is because Apex Trader has a reset option, and traders can use it as often as they want if they can afford the reset fee of $80.

Do traders have to trade every day during their test period?

No, traders don’t need to trade every day for the duration of the Apex trading challenge. The most important thing is to record trading transactions for a minimum of 7 days. Traders can take days off and break from trading because the required minimum of 7 trading days does not have to be consecutive but can be spread out over time.

Is there a consistency rule?

There is no standard consistency rule as Apex is liberal in this aspect, but at the same time, the firm is looking for traders that will display consistency in their trading. The lack of a strict consistency rule does not mean that Apex is not looking for disciplined, focused, and committed traders. Traders with a definite trading plan and strategy display the above attributes. As a result, they stand a better chance of getting a funded account than traders that engage in trading using a haphazard or scattered-gun approach.

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