{"id":1243,"date":"2023-01-06T18:42:55","date_gmt":"2023-01-06T23:42:55","guid":{"rendered":"https:\/\/tradingfunder.com\/?p=1243"},"modified":"2023-04-09T12:16:45","modified_gmt":"2023-04-09T16:16:45","slug":"how-to-reset-an-apex-trader-funding-account","status":"publish","type":"post","link":"https:\/\/tradingfunder.com\/how-to-reset-an-apex-trader-funding-account\/","title":{"rendered":"How To Reset An Apex Trader Funding Account?"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/tradingfunder.com\/how-to-reset-an-apex-trader-funding-account\/#Apex_Trader_Funding_Reset_Explained\" title=\"Apex Trader Funding Reset Explained\">Apex Trader Funding Reset Explained<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/tradingfunder.com\/how-to-reset-an-apex-trader-funding-account\/#What_does_a_reset_mean\" title=\"What does a reset mean?\">What does a reset mean?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/tradingfunder.com\/how-to-reset-an-apex-trader-funding-account\/#Why_do_we_need_to_reset_an_account_at_Apex\" title=\"Why do we need to reset an account at Apex?\">Why do we need to reset an account at Apex?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/tradingfunder.com\/how-to-reset-an-apex-trader-funding-account\/#How_much_is_an_Apex_reset\" title=\"How much is an Apex reset?\">How much is an Apex reset?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/tradingfunder.com\/how-to-reset-an-apex-trader-funding-account\/#How_to_Reset_an_Apex_Account\" title=\"How to Reset an Apex Account?\">How to Reset an Apex Account?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/tradingfunder.com\/how-to-reset-an-apex-trader-funding-account\/#Does_my_time_start_over_when_I_reset_my_account\" title=\"Does my time start over when I reset my account?\">Does my time start over when I reset my account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/tradingfunder.com\/how-to-reset-an-apex-trader-funding-account\/#Does_my_renewal_date_change_when_I_reset_it\" title=\"Does my renewal date change when I reset it?\">Does my renewal date change when I reset it?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/tradingfunder.com\/how-to-reset-an-apex-trader-funding-account\/#Questions_and_Answers_about_Apex_Resets\" title=\"Questions and Answers about Apex Resets\">Questions and Answers about Apex Resets<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/tradingfunder.com\/how-to-reset-an-apex-trader-funding-account\/#How_many_times_can_I_reset_an_Apex_Account\" title=\"How many times can I reset an Apex Account?\">How many times can I reset an Apex Account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/tradingfunder.com\/how-to-reset-an-apex-trader-funding-account\/#Will_I_be_penalized_if_I_reset_multiple_times\" title=\"Will I be penalized if I reset multiple times?\">Will I be penalized if I reset multiple times?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/tradingfunder.com\/how-to-reset-an-apex-trader-funding-account\/#When_can_I_get_a_free_reset_at_Apex\" title=\"When can I get a free reset at Apex?\">When can I get a free reset at Apex?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/tradingfunder.com\/how-to-reset-an-apex-trader-funding-account\/#Can_I_reset_an_Apex_paid_account\" title=\"Can I reset an Apex paid account?\">Can I reset an Apex paid account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/tradingfunder.com\/how-to-reset-an-apex-trader-funding-account\/#Can_I_get_a_refund_after_making_a_reset\" title=\"Can I get a refund after making a reset?\">Can I get a refund after making a reset?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/tradingfunder.com\/how-to-reset-an-apex-trader-funding-account\/#Summary\" title=\"Summary\">Summary<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Apex_Trader_Funding_Reset_Explained\"><\/span><strong>Apex Trader Funding Reset Explained<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When traders undergo the <a href=\"https:\/\/tradingfunder.com\/apex-trader-funding-your-ultimate-guide\/\">Apex challenge<\/a> to try and win an Apex-funded account, things do not always go according to plan, and traders may sometimes find their accounts disabled due to flouting the rules of the challenge, such as leaving a trade open beyond the stipulated time or falling below the <a href=\"https:\/\/tradingfunder.com\/how-does-the-trailing-threshold-max-drawdown-work-at-apex-trader-funding\/\">Apex trailing threshold<\/a>. However, that is not the end, as Apex gives traders more opportunities to try and pass the challenge again through the availability of a <strong>Reset<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_does_a_reset_mean\"><\/span><strong>What does a reset mean?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A reset means a trader can have a failed account start over again with the same initial balance, profit target, and threshold.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_do_we_need_to_reset_an_account_at_Apex\"><\/span><strong>Why do we need to reset an account at Apex?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A reset is needed at Apex to enable a trader to start afresh on the same account size that was disabled. With a reset, the trader will not have to pay the same fee initially used to sign up for the account. Also, a reset provides the trader with extra chances to pass the challenge and achieve the aim of winning a funded account.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_much_is_an_Apex_reset\"><\/span><strong>How much is an Apex reset?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the Apex-funded program, a reset costs $80 per account.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Reset_an_Apex_Account\"><\/span><strong>How to Reset an Apex Account?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To reset an Apex account, straightforward steps are needed:<\/p>\n\n\n\n<ol>\n<li><strong>First, the trader has to log in to the member&#8217;s area<\/strong>, where he will see all registered accounts<strong>.<\/strong><\/li>\n\n\n\n<li><strong>Select the account for reset.<\/strong><\/li>\n\n\n\n<li><strong>Then click on the reset button beside that specific account.<\/strong><\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-large is-style-default\"><img decoding=\"async\" width=\"767\" height=\"800\" src=\"https:\/\/tradingfunder.com\/wp-content\/uploads\/2022\/05\/How-to-reset-Apex-account-1-767x800.jpg\" alt=\"How to reset Apex account 1\" class=\"wp-image-1248\" srcset=\"https:\/\/tradingfunder.com\/wp-content\/uploads\/2022\/05\/How-to-reset-Apex-account-1-767x800.jpg 767w, https:\/\/tradingfunder.com\/wp-content\/uploads\/2022\/05\/How-to-reset-Apex-account-1-288x300.jpg 288w, https:\/\/tradingfunder.com\/wp-content\/uploads\/2022\/05\/How-to-reset-Apex-account-1-768x801.jpg 768w, https:\/\/tradingfunder.com\/wp-content\/uploads\/2022\/05\/How-to-reset-Apex-account-1.jpg 800w\" sizes=\"(max-width: 767px) 100vw, 767px\" \/><\/figure>\n\n\n\n<p><strong>Clicking on the reset button will take the trader to a page with terms and conditions, where the trader clicks on \u2018Next\u2019.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-style-default\"><img decoding=\"async\" width=\"800\" height=\"772\" src=\"https:\/\/tradingfunder.com\/wp-content\/uploads\/2022\/05\/How-to-reset-Apex-account-2.jpg\" alt=\"How to reset Apex account 2\" class=\"wp-image-1250\" srcset=\"https:\/\/tradingfunder.com\/wp-content\/uploads\/2022\/05\/How-to-reset-Apex-account-2.jpg 800w, https:\/\/tradingfunder.com\/wp-content\/uploads\/2022\/05\/How-to-reset-Apex-account-2-300x290.jpg 300w, https:\/\/tradingfunder.com\/wp-content\/uploads\/2022\/05\/How-to-reset-Apex-account-2-768x741.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p><strong>From there, the trader gets taken to a payment page to pay the necessary fee for the reset, which is 80 dollars.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-style-default\"><img decoding=\"async\" width=\"800\" height=\"520\" src=\"https:\/\/tradingfunder.com\/wp-content\/uploads\/2022\/05\/How-to-reset-Apex-account-3.jpg\" alt=\"How to reset Apex account 3\" class=\"wp-image-1251\" srcset=\"https:\/\/tradingfunder.com\/wp-content\/uploads\/2022\/05\/How-to-reset-Apex-account-3.jpg 800w, https:\/\/tradingfunder.com\/wp-content\/uploads\/2022\/05\/How-to-reset-Apex-account-3-300x195.jpg 300w, https:\/\/tradingfunder.com\/wp-content\/uploads\/2022\/05\/How-to-reset-Apex-account-3-768x499.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<p>After a few minutes, the trader can log out of NinjaTrader and <a href=\"https:\/\/tradingfunder.com\/an-overview-of-r-trader-the-rithmic-software\/\">Rithmic Rtrader<\/a> and then log in again to find a fresh account with a new account number but the same initial account balance along with other previous account features.&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>For traders with multiple accounts, it is important not to make the mistake of resetting the wrong account.<\/p>\n\n\n\n<p>Therefore, traders need to verify the account that requires a reset by logging in to <strong>Rtrader<\/strong>, followed by checking the account deemed to fail the evaluation and cannot perform any transaction.<\/p>\n\n\n\n<p>After verification, the trader can return to the member&#8217;s area to select the right account that requires a reset and then click on the reset button beside it.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Does_my_time_start_over_when_I_reset_my_account\"><\/span><strong>Does my time start over when I reset my account?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>When traders reset their accounts, the balance and the minimum trading days start over, but the <strong>monthly billing remains constant<\/strong>.<\/p>\n\n\n\n<p>If the trader opts for the $50K account size and then fails the challenge, once a reset is purchased, the fresh account will have the initial balance of $50K. At the same time, the trader will also have a new set of 7 minimum trading days to achieve the profit target without falling below the maximum drawdown.<\/p>\n\n\n\n<p>Every challenge account maintained for 30 days has a monthly billing, which stays the same irrespective of the number of resets purchased by the trader. Traders should try to pass the challenge within 30 days to avoid continuous monthly billings.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Does_my_renewal_date_change_when_I_reset_it\"><\/span><strong>Does my renewal date change when I reset it?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>No, as we already said, The renewal date does not change because a reset only affects the trader\u2019s initial balance and drawdown by resetting them. Therefore, the renewal date for the account is maintained just as it was, 30 days from the last billing.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Questions_and_Answers_about_Apex_Resets\"><\/span><strong>Questions and Answers about Apex Resets<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_many_times_can_I_reset_an_Apex_Account\"><\/span><strong>How many times can I reset an Apex Account?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>There is no limit to the number of times a trader can use the reset option, as it is at the trader\u2019s discretion. This is one of the <a href=\"https:\/\/tradingfunder.com\/why-apex-funding-may-be-the-best-choice-for-traders\/\">good features distinguishing Apex<\/a> from other funded trading programs, as some do not have a reset option, while those tend to limit the number of times traders can use a reset. However, with the Apex-funded program, using a reset is limitless.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Will_I_be_penalized_if_I_reset_multiple_times\"><\/span><strong>Will I be penalized if I reset multiple times?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>No, There is no penalty for using the reset option multiple times. The firm understands that the pressure of performance can get to traders, which might cause them to perform actions that could lead to disabling accounts unintentionally. This is why the reset option has been made available, so traders can use it as much as they want, as long as they can afford to pay the fee associated with purchasing a reset. Therefore, traders are not penalized if they reset their accounts multiple times.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_can_I_get_a_free_reset_at_Apex\"><\/span><strong>When can I get a free reset at Apex?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Based on the recent policy released by the firm in Mai 2022, if a trader\u2019s evaluation account fails the challenge and it renews while forgetting to cancel and register for a new account, then the firm will automatically reset such an account after midnight renewal for free.<\/p>\n\n\n\n<p>In other words, a trader\u2019s account can qualify for a free reset if the account has already failed before and into the renewal. Also, the account must have paid the monthly renewal fee, and that is when the account will be reset automatically.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Can_I_reset_an_Apex_paid_account\"><\/span><strong>Can I reset an Apex paid account?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>No, Traders cannot reset an Apex Paid Performance account because once the account is deemed to have failed, then that is the end of that account. The account and the recurring Paid Account fee then get canceled automatically. The trader&#8217;s only option is to start again by signing up for new evaluation accounts to pass the challenge to become eligible for a new paid account.<\/p>\n\n\n\n<p>The trader can use as many resets as possible with evaluation accounts, but the reset option is unavailable with PA accounts.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Can_I_get_a_refund_after_making_a_reset\"><\/span><strong>Can I get a refund after making a reset?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The firm does not provide partial or full refunds for purchases made via the website, including purchasing resets. This is because immediately after traders subscribe to the program, the firm is incurring costs, thus making it impossible to provide refunds of any kind. Therefore, once a trader pays the required fee for a reset, the payment is acknowledged, the account reset is done, and it is irreversible or non-refundable.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Summary\"><\/span><strong>Summary<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The article has covered the major points traders need to know about how the reset process at Apex funding works, thus informing traders of what they will be getting into if they sign up for the Apex funded program.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apex Trader Funding Reset Explained When traders undergo the Apex challenge to try and win an Apex-funded account, things do not always go according to plan, and traders may sometimes find their accounts disabled due to flouting the rules of the challenge, such as leaving a trade open beyond the stipulated time or falling below &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"How To Reset An Apex Trader Funding Account?\" class=\"read-more button\" href=\"https:\/\/tradingfunder.com\/how-to-reset-an-apex-trader-funding-account\/#more-1243\" aria-label=\"Read more about How To Reset An Apex Trader Funding Account?\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2944,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"How To Reset An Apex Trader Funding Account?","_seopress_titles_desc":"covering the major points that traders need to know about how the reset process at Apex funding works, thus informing traders of what they will","_seopress_robots_index":"","footnotes":""},"categories":[139],"tags":[],"_links":{"self":[{"href":"https:\/\/tradingfunder.com\/wp-json\/wp\/v2\/posts\/1243"}],"collection":[{"href":"https:\/\/tradingfunder.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingfunder.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingfunder.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingfunder.com\/wp-json\/wp\/v2\/comments?post=1243"}],"version-history":[{"count":0,"href":"https:\/\/tradingfunder.com\/wp-json\/wp\/v2\/posts\/1243\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingfunder.com\/wp-json\/wp\/v2\/media\/2944"}],"wp:attachment":[{"href":"https:\/\/tradingfunder.com\/wp-json\/wp\/v2\/media?parent=1243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingfunder.com\/wp-json\/wp\/v2\/categories?post=1243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingfunder.com\/wp-json\/wp\/v2\/tags?post=1243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}