How do payouts work? Payouts - Withdrawal - Profit Split- Percentages
If you are ready to request a withdrawal- TO SET UP YOUR PAYOUT METHOD: CLICK HERE
Profit Share: Traders are entitled to 100% of the first $25,000 they are paid out, and 90% of the profit after that.
You may request and receive a payout Twice Per Month:
Request Dates: 1st-5th --- Paid out on the 15th
Approvals may happen any time between the 1st and 14th of the month
Request Dates: 15th -20th--- Paid out on the 30th ( Or last day of the month)
Approvals may happen any time between the 15th and the 29th
YES- you can keep trading right away once you request a payout. You do NOT need to wait to trade until the payout is approved. Just be sure to trade as if the funds were already approved and removed from your balance, keeping in mind minimum thresholds to not blow the account.
***Please do NOT submit tickets to the Helpdesk asking when the payout will be approved until after the 14th or 29th of month if you have not seen it approved by then****
1. Request dates ( 1st- 5th and then again 15th-20th) This is when you submit the withdrawal request
2. Approval or Denial timeframes ( the period in which the withdrawal request is reviewed)
PLEASE NOTE: Once a PA Payout request is submitted, it can not be changed, edited, or cancelled. PLEASE DO NOT submit tickets to the helpdesk requesting to change, edit or cancel a payout request as they are not able to do so. Once it is in the system, it will either be approved or denied, but we are not able to edit or cancel. So once you request a payout, be sure to trade your account as if that money was already deducted. If, for example, you submitted a request but then your account balance falls below the minimum required balance to request a withdrawal, it will simply be denied, there is no reason to request to cancel or edit it.
Once a PA request is approved or denied, the account will not be available for further withdrawal requests until the next payment request period and until 10 more trading days have been traded.
If you have requested a payment and the status is PENDING and you blow the account, you will not get the payout since the account is blown.
If you have requested a payment and the status is APPROVED, and then you happen to blow the account, you will still get the approved request amount. Once the payout is approved you will receive it even if the account gets "blown" the next day after approval.
You must complete the Payout Method section first before you are able to access the Withdrawal Request page. You can not request a withdrawal if you not yet entered details of where the withdrawal is to be sent out to.
During the dates listed above, you will see a section available for submission " PA Request Form" also in your back office members area, on the top tab options. Be sure you have hit your minimum balance and minimum trading days before requesting a payment.
For your first payout, you must have a total of 10 (ten) separate, individual, trading days, where trades were actual placed on those ten days, according to the PA guidelines, before you can request the first payout. Each ongoing payout request also requires the same minimum of 10 (ten) trading days between payout requests, where trades were actually traded on ten individual, separate trading days. The 10 active trading days is from request to request, not based on request approval dates, when the funds were deducted from the trading account, or when payouts were sent or received. So, there must be 10 separate qualified trading days between any withdrawal requests, whether the previous request was approved or denied.
Our system does not count a trading day to be complete until the evening processing and the "start" of the 11th day. If "today" is your 10th trading day, you will not be able to submit a withdrawal request until the close and update of that 10th day ( so after 6 PM ET) But with two pay periods per month and a 5 day window each period this should cover all scenarios. This system is automated and we are not able to make exceptions. Any deadlines that are missed will fall into the next payout request period and can submit the withdrawal request at that time. Payout approval approvals requires compliance with the PA Contract Agreement and Consistency Rules listed in the agreement and on the Apex Trader Funding website and FAQ section.
A trading day is considered from 6PM ET- 5PM ET the next day. So for example if you trade Sunday night at 6 PM, then trade again on Monday morning, that is not two separate trading days, that is considered one trading day and all counted towards Monday trades. Now if you trade Monday morning, then again Tuesday morning, yes, that is two trading days. Most holidays where the market is closing early is not considered a separate trading day either, they are rolled into the next trading day for settlement purposes with the exchanges, so keep this in mind as well for early close trading days.
You can check in Rithmic to see how many trading days you have accumulated. If you have not met the minimum trading days, then simply request during the next period ( 2 weeks after).
The first through third payout months have a minimum payout of $500, with a minimum account balance threshold after payout. There is also a max amount payout for the first through third payout months. ( Whether you took one payout or two payouts for the month, it is considered one single "payout month" ) See below for maximum payout amounts the first three payout months.
EACH MONTH YOU TAKE A WITHDRAWAL IS COUNTED AS ONE "WITHDRAWAL MONTH" whether you took one or two withdrawals that month. The maximum limits are in place until after THREE Withdrawal Months are completed, then there is no maximum on the 4th "Withdrawal Month". A withdrawal must be made for it to count as a "withdrawal month"
There is no maximum payout on the fourth payout month and beyond, so long as the minimum balance threshold is in the account after payout.
You will be paid as an individual contractor. You must keep the address maintained or updated with us in order to receive a 1099-NEC. All US Citizens and Entities are sent a 10-99 each January 31st.
No reports are sent for Non-US citizens.
For any tax advice or questions, please contact your accountant. Apex is not able to give tax advice nor answer questions regarding taxes, filings, citizenship questions, work Visas or any other tax related questions. The Apex Help Desk does not have any further information about taxes either. Please do not submit tax questions to the Help Desk, please contact a tax advisor.
REQUIRED Minimum Balance To Request a Withdrawal (each period)
To make a withdrawal request, your account must be at a required minimum balance to approve a payout and must be past the Trailing Drawdown level already. In a PA account, the Trailing Drawdown stops at the starting balance plus $100. Ten trading days minimum are required between each withdrawal request.
REQUIRED Minimum Balance To Request a Withdrawal (each period):
$25k Account- $26,600
$50k Account- $52,600
$75k Account- $77,850
$100k Account- $103,100
$150k Account- $155,100
$250k Account- $256,600
$300k Account- $307,600
$100k Static Account- $102,600
You are NOT required to leave the "safety net" amount in the account, unlike most other companies!
Example: In a $50k account if your balance reaches $52,000 you can NOT request a payout. Your balance must be at least $52,600 in order to request a payout. If you have a $50k account and the balance reaches the minimum required balance of $52,600 to request a payout, you can request up to a $2,000 payout, leaving your balance left of $50,600. Just keep in mind your balance can not go below $50,100 in this example without "failing" the account. So you ARE able to take out that amount, but you would leave yourself with only $500 in drawdown room. Most companies only allow you to withdrawal above the minimum amount, Apex does not. But your balance must always be at the minimum requirement in order to request a payout.
If your balance falls below the minimum payout balance, then the payment will not be processed until eligible the next month, when you must request it again. On a $50k account for example, the account balance must be at $52,600 Min, in order to be eligible for a payout request, regardless of first payout or any ongoing payouts.
MINIMUM: The Minimum Withdrawal for any size account is $500 and must have a minimum of ten trading days since last request, and meet the min required balance for a withdrawal request. Requests are only accepted on certain days each month as outlined above.
MAXIMUM: There is a Maximum withdrawal amount on accounts for the first 3 months of withdrawals. You can take out this maximum amount, twice a month, according to schedule above, as long as you have had 10 trading days between requests and meet the min balance requirement. Starting the 4th month, (after three previous months of withdrawals) there is no maximum, you can take out as much as you want, as long as the account stays above its minimum required balance (Starting balance plus $100) and there are a minimum of ten trading days between requests.
You are NOT required to leave the "safety net" amount in the account, unlike most other companies!
The maximum withdraw each payout period ( twice monthly) amount depends on the account size:
$25k Account- $1500
$50k Account- $2000
$75k Account- $2,250
$100k Account- $2,500
$150k Account- $2,750
$250k Account- $3,000
$300k Account- $3,500
$100k Static Account- $1,000
Each account is considered separate, stand alone account. So if you have 10 accounts, you can withdrawal the maximum from EACH account, EACH payout period. For example if you have 10 account, all $50k Accounts, you can withdrawal $2000 from each for a total of $20,000 payout, and you can do this twice a month, for a total of $40,000 payout for the month! You can do this the first 3 months, then on the 4th month, there is not maximum from each account.
See more reasons why you may want to have Multiple Accounts: CLICK HERE