APEX 3.0 RULE CHANGES - EVERYTHING YOU NEED TO KNOW - UPDATED 10.20.2024

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[nuttybartrading]

UPDATE: I misspoke when I was talking about the 30% Negative DD, that is on a PER TRADE basis, not on a PER DAY basis... Also misspoke (or calculated) when talking about the 150k DD, that is $1500 not $1350.
UPDATE to the UPDATE: Lots of questions regarding the Negative DD rule: No breaking this rule will NOT blow your account, its a soft rule. If you violate it on a consistent basis, then you will likely be put on probation... Violating it will not automatically close your trade and blow your account (like hitting the trailing DD will).

[nizarama]

The safetynet act as a 2 step evaluation process, so no Apex for me anymore until they remove this rule.

[miguellion]

Trailing per trade drawdown on top of trailing drawdown is trash

[LKABOSS]

This is the best TopStep ad they could have ever asked for.

[tnt]

The safety net rule is so bad, it the only thing that made apex special

[DogPranksCentral]

Topstep, while I'm not affiliated, appear to have the most consistency in this space. No complicated gotchas nor payout issues. That's a sustainable way for a company to be ran. Maybe they need to borrow a leaf from Topstep but I know ego is at play lol.

[Hamzslice]

Thanks for discussing this. I moved away from Apex back in April and returned to Topstep, and I have no regrets. Apex has lost my business for good.

[PerryDolia]

The $500 withdrawl from the safety net is going to lose a lot of traders

[DeltaScalper]

The moment they started to ask for video recordings and denying payments I trusted my gut feeling and moved to topstep. These people are so bad, it takes them 30 minutes to explain one rule and it’s so confusing that YouTubers need to come out and explain it again.

[joeblow]

It's a turn for the worse in general.
This one takes the cake... They allow DCA AND "Don't risk more than 30% of your starting profits on 1 trade" This is very, very bad for the DCA enthusiasts .

[robsm]

I love Apex but this 30% Negative DD rule is Over compensating. Even at a 1:1 risk reward the most u can make is $750. This does not take into account swing traders that have large SL + TP's. Also if u place 2 minis on ES it means u couldent have a stop loss over 30 ticks which is rediculous. A 4-5% drawdown in 1 trading session is an industry STD even across Forex - this is enough of a limit to see if you can manage risk. Some people do 1 trade a day and may risk 3% of the bank roll and on a 50k account this would be $1500 limiting traders like this is defintely going to lose them customers - just my opinion.

[-A.L.F-]

Unbelievable… so now your target has to be $4100 to be able to request $2000…. What a shame..

[nickeltrades]

Hey new traders, I just want to enlighten you on something Apex don’t want to tell you. Have you considered taking a trade and averaging to get out of the trade? Apex claims no DCA rule, but they will always get a way to deny your payouts whenever you break even on a trade you think you would have lost if you stayed in it. (Denial = Improper risk management). Let’s say you took a trade and went down $50 and closed $2 in profit by breaking even with some ticks for commission. You will violate the 5:1 RR. Don’t be fooled! Let’s see how many people will be denied by Improper Risk Management. I’ve been denied multiple times and I know that’s what’s gonna happen.

[ralphgrunz]

You can't put lipstick on a hog and call it a princess. Why in the world would you do business with these guys when there are better programs out there from more reliable companies.

[JaimeGarcia-kxcs]

Now he has trailing DD into the trade and a daily stop limit! All the two most difficult questions and more! Can't believe it. I hope they go to bankrupt

[nisim-asis]

What a mess, it's better to switch to another company
Goodbye Apex

[baware]

You signed a PA agreement before these changes so how is it possible they can just change the rules? this is illegal and a major warning on how this company operates.

[davepservices]

I usually trade now but I feel so overwhelmed with all the changes I don't even feel I want to take a trade

[DogPranksCentral]

Apex keeps complicating itself. What the heck is the need for negative DD? Another way to squeeze the juice out. If that's any helpful, then they need to do EOD for that to make sense. Anyway, not salty but throwing on the wall and hoping it sticks. I doubt the fundamentals of this company. How can rules or 'policies' be changed overnight....run people run!

[tametigere]

Yeah, now I gotta re-re-learn how to trade the new parameters. Like it ain't hard enough to trade already. . . Lol