Hey guys,
I’ve been talking about this coming for a few months now, and it is finally here! Apex have released some updates that will not only cement their place as the largest and greatest prop firm out there, but will also make our lives so much easier when trying to get payouts!
So let’s break down the main points:
I found my consistency using Apex. Find out why here. Use CODE: WALNUTS & get an 80% lifetime discount!
1️⃣ New Program: Apex 3.0 (Effective Oct 21st)
2️⃣ Schemers & Payout Denials
3️⃣ Prohibited Eval Purchase
4️⃣ Path To Live
1️⃣ New Program: Apex 3.0
Benefits:
No More Payout windows!
just trade 8 trading days, 5 days at $100+
No more flipping rule
Unlimited DCA allowed
from 6th withdrawal onwards, 100% of profits allowed available rather than only $2500
Cautionary Measures: (OCT 21st)
Safety net still required—only profits above buffer can be requested. But no more Evals!
Max risk/reward increased to 5:1 to allow larger positions
Scaling plan: Start small and increase max size as profits grow. They will notify you when you can increase risk.
Hard 30% consistency rule. You can’t just trade windfall days, only 30% of profits can be from 1 day.
No trades exceeding -30% unrealized of total profits (can void profits on that trade).
No drastic inconsistent sizing allowed.
Monitoring & Compliance:
Apex will conduct a day 6 review of your account to identify red flags and prevent payout denials. So you get a heads up if there is a problem.
Probation for offenders: Must trade additional days to correct mistakes rather than simply being denied the payout.
Apex now have an algo to track MAE (Maximum Adverse Excursion) vs. realized profits.
Once payout window is open for your account; they want to focus on fast payout approvals and zero denials.
Traders must adhere to a defined trading system, promoting sustainability and long-term success.
2️⃣ Schemers & Payout Denials:
Apex now have systems for detecting the following;
Groups using Replikanto’s remote stealth mode to trade for others.
Abuse of treasury bonds for one-tick advantageous fills.
- Less than 0.1% of users received video recording requests.
- Negative social propaganda spread by bad actors, causing fear among legitimate traders.
3️⃣ Prohibited Eval Purchase
- Live account consideration for profitable traders with: 30-day monitoring, no DCA violations, and 4:1 controlled risk. This will give you huge tax benefits.
- Misuse of risk management: Setting large brackets but closing with minimal profit.
- Sim payout abuse: Traders at 500+ PAs taking 1st payouts and cycling them repeatedly.
- DCA abuse across instruments (NQ, ES, YM) simultaneously.
- Good faith traders are candidates for live accounts (90/10 split) to support sustainability.
- Case-by-case review: Apex may reinstate prohibited traders to sim accounts, with a cap on max funding.
4️⃣ Path To Live: (CME Regulation)
- Start with 10 contracts for the first two weeks.
- No rules, daily payouts, and adjustable max sizing.
- Focus on moving from sim payouts to live partnerships for long-term profitability.
I found my consistency using Apex. Find out why here. Use CODE: WALNUTS & get an 80% lifetime discount!