Apex Trader Funding allows you to manage up to 20 active funded accounts (Paid Accounts or PAs) per household. This limit applies to all accounts connected to the same address, IP, or household members, regardless of the platform used (e.g., Rithmic, Tradovate). However, there’s no limit on the number of Evaluation accounts you can hold.
Key Points:
- Funded Account Limit: Maximum of 20 active PAs per household.
- Evaluation Accounts: Unlimited, but rules like login sharing and contract limits must be followed.
- Profit Sharing: Keep 100% of the first $25,000 per account, then 90% of profits thereafter.
- Violations: Breaking rules (e.g., exceeding account limits, sharing logins) can result in account bans or loss of payouts.
Managing multiple accounts requires strict organization, compliance with Apex rules, and effective risk management. The decision to use one or multiple accounts depends on your trading goals and ability to track performance and risks across accounts.
Apex Trader Funding 3.0 – New & Updated Payout and …
Apex Account Limits and Rules
To make the most of your trading experience with Apex while staying within their guidelines, it’s important to understand the rules around account limits and what happens if they’re violated. These policies are designed to promote fair trading and maintain system integrity. Here’s a detailed look at household limits, evaluation account rules, and the consequences of breaking these rules.
Household Account Limits
Apex sets a 20 active Paid Account (PA) limit per household. This applies to all trading platforms, including Rithmic, Tradovate, and WealthCharts. The limit covers:
- People living at the same address
- Companies or LLCs tied to household members
- Accounts using the same IP address
For instance, if a trader has an LLC with 5 PA accounts, 3 personal Rithmic PAs, and 4 personal Tradovate PAs, their spouse could open 8 more accounts to reach the 20-account cap.
Evaluation Account Rules
Unlike funded accounts, there’s no cap on how many Evaluation accounts a trader can have. However, these rules apply:
- Sharing login credentials is prohibited
- Maximum contract rules must be followed across all instruments
"User shall not attempt to abuse the max contracts rule by trading combined instruments to do max contracts multiple times i.e., 10 on ES and 10 on YM doing 20 on a 10 contract max. Repeated abuse of this shall result in termination of the account with no refund or payout."
Account Violations
Breaking Apex’s rules can lead to serious penalties, including losing profits or even permanent account bans. Here’s an overview of common violations and their consequences:
| Violation | Consequence |
|---|---|
| Sharing login credentials | Permanent deactivation of all services |
| Creating multiple personal accounts | Loss of profits and paid fees |
| Exceeding household PA limit | Forfeiture of payouts |
| Abusing max contracts rule | Account termination without refund or payout |
| Disrespectful behavior | Account restrictions or termination |
"Therefore, users shall provide respect, honesty, and integrity and shall not have emotional outbreaks that are rude, make harmful comments, be abusive to staff or other users, or be defamatory, or libelous on any comments."
Running Multiple Accounts
Handling multiple Apex funded accounts requires careful organization and strict adherence to the rules. While Apex permits managing multiple funded accounts, they don’t provide specific instructions for allocating trading strategies. To stay on track, focus on these key practices:
- Maintain separate records: Keep detailed and distinct records for each account to avoid confusion.
- Monitor performance and compliance: Regularly review each account to ensure it meets all guidelines and performs as expected.
- Use a reliable tracking system: Implement a consistent method for tracking trades and managing risks across accounts.
Staying organized is essential for successfully managing multiple accounts while remaining compliant.
Benefits and Drawbacks of Multiple Accounts
After understanding Apex’s account rules, traders need to consider the advantages and challenges of managing multiple accounts. Here’s a breakdown of how this choice affects trading strategies.
One vs. Multiple Accounts
Deciding between a single account or multiple accounts can influence trading outcomes in several ways:
| Aspect | Multiple Accounts | Single Account |
|---|---|---|
| Risk Distribution | Spreads risk across accounts, reducing overall impact of losses | Concentrates all risk in one portfolio |
| Profit Potential | Allows for higher combined daily profits | Limited by the constraints of one account |
| Contract Management | Diversifies contract allocation | Restricted by single account position sizes |
| Management Complexity | Requires more tracking and oversight | Easier to manage and maintain |
| Drawdown Protection | Offers better safeguards against trailing threshold drawdowns | More vulnerable to single-trade impacts |
With multiple accounts, traders can distribute larger contract sizes across accounts, reducing the likelihood of hitting trailing threshold drawdowns. Another benefit is the ability to use trade copying systems to execute trades across multiple accounts simultaneously.
However, managing multiple accounts comes with its own set of challenges. Apex limits traders to a maximum of 20 active PA accounts per household across all connections. To stay compliant and efficient, traders should focus on:
- Monitoring performance across all accounts
- Keeping accurate records and ensuring compliance
- Implementing thorough risk management strategies
- Following Apex’s trading guidelines to avoid probation or account closure
The decision to manage multiple accounts largely depends on a trader’s experience, organizational skills, and trading objectives. While multiple accounts can help distribute risk and increase flexibility, they also require careful planning and attention to detail. These factors are critical when deciding whether to consolidate or diversify your trading approach.
Summary
Understanding Apex’s account rules is crucial for improving your trading outcomes. Apex allows up to 20 active PA accounts per household, with impressive payout records showing an average monthly compensation of $14,350,343 since January 2023 and total payouts of $476,354,472 since 2022.
Here are some key trading rules to keep in mind:
- Trading is available 23 hours a day, with a required break between 4:59 PM and 6:00 PM EST.
- All trades and open orders must be closed by 4:59 PM EST.
- There are no limits on daily losses or restrictions on holiday trading.
To manage your accounts effectively within Apex’s system, consider these tips:
- Track trailing drawdowns after each trade to stay within limits.
- Use take-profit levels and apply tight trailing stops to manage risk.
- Avoid exceeding recommended position sizes to maintain control.
The 20-account limit applies to all accounts within a household, including personal accounts, LLC accounts, and those held by family members living together.
FAQs
What are the best strategies for managing multiple funded accounts with Apex?
Managing multiple funded accounts with Apex effectively requires a thoughtful approach. Start by implementing strong risk management – distribute trades across accounts to minimize potential losses. Always maintain a consistent trading plan, including steady contract sizes and clear stop-loss and target strategies, to avoid erratic decisions.
As your account balance grows, you can adjust contract sizes strategically, increasing them when profitable and scaling back during losses. For efficiency, consider using tools like trade copiers to manage trades across multiple accounts simultaneously. Remember, Apex allows up to 20 accounts per household, including personal and LLC accounts, so plan your strategy accordingly to stay within their guidelines.
What is Apex’s profit-sharing model after earning the first $25,000?
Once you surpass the initial $25,000 profit threshold, Apex allows traders to retain 90% of their profits. This generous profit-sharing structure is designed to reward traders for their performance while still adhering to the firm’s policies.
Keep in mind that this split applies only after reaching the $25,000 benchmark, so it’s important to track your earnings carefully to make the most of this opportunity.
What happens if you break Apex’s account rules, like exceeding the account limit or sharing your login?
Breaking Apex’s account rules, such as surpassing the allowed number of funded accounts per household or sharing your login credentials, can lead to serious consequences. Depending on the violation, Apex may issue a warning, place your account on probation, or even revoke your funded account entirely.
To avoid these penalties, it’s essential to follow Apex’s guidelines carefully and ensure your account remains in compliance with their terms and conditions. Always keep your login information private and manage your accounts responsibly to maintain your trading privileges.
