12 Minute Summary Of Apex 3.0 Payouts, Changes and Rules

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See the full 3+ hour interview with timestamps here:

This video is my overview and summary of the changes. PLEASE Consult Apex's site though as well - this is a summary as of mid Oct 2024.

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Commodity Futures Trading Commission. Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

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[rh]

if they wanted people to follow these rules they could just hard code them into the account’s risk parameters and clearly explain them in one page on their site. if they wanted to deny payouts they’d release hours of videos wasting traders time...

[tonylyons]

Too many rules, too complicated. I saw nothing that would induce me to change over from Topstep, where I currently have an account. But thanks for the info!

[Jamie-]

The Safety net is the big news and a bummer. Oh well, a lot of other options out there.

[songeification]

On not losing no more than 30% of your staring profits, that's kind of a problem.If you are starting with $100 in profit, you cannot lose more than $30, will you be trading the nanos or micros?

[maveri.k]

Not having to keep the safety net like almost all firms was the main reason why most people prefered trading with them.
Not a good decision I think

[jxcalibur]

Apex has the gain the trust from the trading community. They've abused too many traders

[MrKindaSux]

let me get this straight, if i start the first day of a PA and end up earning 60$, that means the next day, in any trade i cant risk more than 20$? wtf?

[tpoptrader]

3 hours interview was mental, thanks for summarizing

[rockymanakee]

Day 1 I make $400 profit on a $50k accounts the next day I start at $400 profit you mean my next trade I can only risk $120. I understand everything this is the only rule I’m confused about.

[chris-ewwl]

30% was a soft rule, now it's a hard rule, survey was suggesting 40% now it's even stricter

[MANCO]

Again no black & white rules and grey area everywhere.

[davidrhen]

so if you go into day 3 and you only have $100 in profit in the account... you cant risk more than 30% or $33?

[alxb.]

So if I reach 2600 profit on a 50k accout, I cant withdraw 2000 like before?!? So i can take out only 100 if i am at 2700? What happen to that money in the safety net, you can only take it once you reach 6th payout? wtf

[oxident-]

The cheaper accounts aren't worth keeping all these rules in mind. Too many simpler options out there in the prop space

[st]

These rules seem straightforward and sensible. Looks like Apex are getting back on track.

[brad]

The 30% rule does not make any sense when you have an intraday unrealized trailing drawdown. They care so much about original risk on a trade but will fail you if you let a runner run and it comes back to prices that fail you. Apex doesn't care about good traders, if so, they would eliminate the intraday unrealized trail.

[suncasa]

Hmmm- so please clarify- if you have a brand new 25k PA and your first trade profit is $200- does that mean the second trade you can risk more than $60 or do they mean you can risk more than 30 % of the $1500 drawdown? Would be very difficult to build up a new PA if the latter is true.

[zenoo]

I don't understand the " not losing no more than 30% of your first trade profits"

[imakenocents]

Thank you for the video summary...did John happen to address the "no more evals" status that many of us got about a month ago?

[KeepItReal]

Do you know if you can withdraw anything above your safety net? Or only a certain amount? For example, if I make $10, 000 profit above my safety net, can I take out the while $10, 000?