How do payouts work? Payouts - Withdrawal - Profit Split- Percentages
Payout Clarifications and Common Questions:
Profit Share: Traders are entitled to 100% of the first $25,000 they are paid out, and 90% of the profit after that.
All payouts are done exclusively through www.deel.com. For more information and to get signed up with Deel so you can get your payout: CLICK HERE
DO NOT SUBMIT INVOICES TO APEX TRADER FUNDING FROM WITHIN DEEL.
ALL invoices are generated for you at the time payment is sent
Your Deel contract is not dependent on your PA contract(s). The Deel contract gives us your authorization to pay you through Deel. The PA contracts are the rules, policies and guidelines you agree to for trading a PA account. Your Deel contract is not cancelled when you blow a PA account.
PA payment requests are not dependent on having a Deel contract in place. However, in order to received money from Apex Trader Funding you do need an active, signed Apex/Deel contract.
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 6th 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 21st and last day of the month - 1 day
Only PA payment requests that are in PENDING status can be cancelled
If you request your PA payment to be cancelled or it is denied, they account will not be available for further withdrawals until the next payment request period.
If you have requested a payment and the status is PENDING and you blow the account, you will not get paid.
If you have requested a payment and the status is APPROVED and you blow the account, you will still get the approved request amount.
To Request a payout, you must have a Deel account set up and must have entered your Deel email address in the back office area under " PA Payout Method" tab on the top menu.
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 requires a 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.
Our system does not count a trading day to be complete until the overnight processing and the "morning" of the 11th day. 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- 5PM 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.
TAXES:
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.
Deel handles gathering all W-9 and W-8 forms from you and sends out all 1099 directly. Be sure to fill out this information properly in your back office log in area with Deel! Also, again, make sure your mailing address is correct and updated in the Apex back office members area.
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 your first 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 $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 about the minimum amount, Apex does not.
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.
MINIMUM: The Minimum Withdrawal for any size account is $500 and must have a minimum of ten trading days since last 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. 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