Account Status
Congratulations on reaching the funding stage! This guide will walk you through the process of transitioning from an Evaluation Account to a Simulated Funded (PA) Account seamlessly and efficiently.
No Initial Requirements
There are no credit checks, background checks, or asset requirements to obtain an Evaluation Account or a PA Account. The only prerequisite is passing the evaluation test, which demonstrates your trading proficiency.
Transitioning to a Simulated Funded Account
When you’re ready to move from an Evaluation Account to a Simulated Funded (PA) Account, the following steps will apply:
- Standard Paperwork: You will complete the same paperwork required to open a regular broker account.
- Background Checks: Standard background verification procedures will be conducted.
- Identity Verification: We reserve the right to verify your identity at any time to ensure account security.
After Passing the Evaluation
Evaluation Passed, Profit Target Hit, and Seven Trading Days Completed—What’s Next?
Once you have successfully passed your evaluation by meeting the profit target and completing seven trading days, here’s what you need to do:
- Do Nothing: After passing the evaluation, do not cancel or reset your passed Evaluation Account. Let the process proceed automatically.
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Monitor Your Email: Within two business days after the seventh trading day, you will receive an email containing:
- A contract link
- A payment link for your PA Account
This information will also be on the signatures tab of your Member’s Area. Note: This tab only shows up after you pass your first evaluation.
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Verify Your Status:
- Go to your Eval Charts tab.
- Ensure you have completed seven trading days and met the account balance requirements. Your passed evaluation will also show up on your signatures tab, as shown above.
- Note that updates may only appear on the eighth day.
- Stop Trading on Evaluation Account: Cease all trading activities on your Evaluation Account to maintain your “Passed” status. If your account balance falls below the profit target after seven days, the status will change to “Not Passed.”
- Keep your subscription active. Only evaluations still on an active billing cycle can be converted to a PA. If you pass one day before your rebilling date and fully activate your PA account within 48 hours from the moment your evaluation account passes, we can refund the evaluation renewal fee. To request a refund, please send a help desk ticket.
(Please note: An evaluation must be passed prior to market close the day before the renewal billing date.)
Automated Process
The transition to a PA Account is automated. Once the system detects that you have completed seven days of trading and met the profit target, it initiates the process on the eighth day.
- No Need for Help Desk Tickets: Submitting a help desk ticket is unnecessary and will not expedite the process. The Help Desk does not have additional information regarding automated transitions.
- Delayed Emails: If you do not receive the contract or payment link emails by the tenth day, then you may submit a help desk ticket for assistance. Before submitting a ticket, please check your signatures tab on your Member’s Area for the passed evaluation contract/payment links.
Finalizing Your PA Account
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Sign the Contract and Make Payment:
- Use the links provided in the email or on your Member’s Area Dashboard to sign the contract and complete the payment for your PA Account.
- Once you sign the contract, you cannot re-access it. It is your responsibility to download the contract before you submit your signature. These documents are system-generated, and we cannot send out a blank copy. You will be required to pass another evaluation to download the contract.
- Once you pay, the system will automatically cancel your passed Evaluation Account. Do not manually cancel the Evaluation Account yourself.
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Activation of PA Account:
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- After completing the payment, you will receive an email notification confirming that your PA Account is ready for trading. Note: This process can take up to 4 hours for accounts to be created. Please do not submit a ticket until after this period.
- Log In: Use the same username and password as your Evaluation Account.
- Seamless Transition: Your PA Account will function just like your Evaluation Account, with no need to adjust to any new systems or procedures.
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Signatures Tab
Activating your PA accounts correctly is essential for smooth operations and avoiding errors. Here, we outline the recommended steps for sequential activation, explain the system's processing order, and provide clarity on payment options for Lifetime and Monthly fees. Follow the instructions carefully to ensure accurate fee assignments and avoid irreversible setup issues. Visual guides (GIFs) are included to help you through the payment process for both Lifetime and Monthly options.
PA Account Assignment and Activation Order
To ensure correct fee assignments, it is recommended to activate your evaluations in numerical order:
- Activate Passed Evaluation Accounts Sequentially: Start with Evaluation 01, followed by 02, and so forth.
- Prioritize Lifetime Fees Over Monthly Fees: Pay for Lifetime PA fees first before addressing Monthly PA payments.
System Processing Order:
- Payments are processed from the lowest to the highest account number.
- Once a payment is set up, it cannot be altered because fees are charged immediately.
Example: If you have accounts 01, 02, 03, and 04, and you attempt to pay for and activate accounts 03 and 04 simultaneously, the system will prioritize activating accounts 01 and 02 first because of their lower account numbers. This prioritization applies to both Monthly and Lifetime PA Fees.
Activation Limit: You can activate and pay for up to 20 PA accounts. Once these accounts are set up, changes or cancellations are not possible.
Paying for a Lifetime PA Fee first:
Paying for monthly PA fees:
How can you pay for your PA?
Payment Deadlines and Refund Policy
After passing your Evaluation Account, you must sign your PA agreements and promptly pay your PA fee using the Signatures tab or your Apex Dashboard.
Refunds:
- If you pass your Evaluation Account before 5 PM ET on the day before your rebilling date and fully activate your PA account within 48 hours, you are eligible for a refund of the evaluation renewal fee (NOT the original account fee). Submit a Help Desk ticket with your account number (e.g., APEX-12345-67) to request this refund.
- Important: Evaluations must be passed before market close on the day preceding the renewal billing date.
- If you pass on the same day as your rebilling date, refunds for rebilling charges are not available. Remember, if your renewal date is the 20th, any trades after 6 PM ET on the 19th are classified as the trading day for the 20th, and this will count as the first day of your new subscription cycle.
- If the Evaluation Account passed more than 1 day before your rebilling date, you will not be eligible for refunds of the renewal fee if you have not converted to a PA before the fee is charged.
Late Payments:
- If you exceed the 48-hour window to set up your PA account after passing your Evaluation Account, no refunds will be processed for any recurring charges incurred during this period.
- It is your responsibility to complete the PA setup within the 48-hour timeframe. Failure to do so means your passed Evaluation Accounts must remain active by paying the monthly renewal fees until you can finalize the PA setup and sign the necessary agreements.
- No Exceptions: Recurring charges are non-refundable under any circumstances.
Understanding PA Account Fees and Payment Options
At Apex, managing your Paid Performance (PA) accounts is streamlined, with clear fee structures and payment options designed to suit your trading needs. Whether you're a new trader or managing multiple accounts, it's essential to understand the lifetime and monthly fee options, activation procedures, and billing processes to make informed decisions. This guide provides a comprehensive overview of PA account fees, payment options, and essential procedures to ensure a smooth experience with Apex.
Lifetime and Monthly Fee Options
Apex offers options for PA accounts to be paid via a Lifetime Fee or a monthly subscription. Once you have completed the payment for one of these options, the decision cannot be changed. Refunds will not be issued to change your payment decision.
Key Points:
- Immutable Payment Choice: Once a payment option (Monthly or Lifetime) is selected for an individual PA account, it cannot be altered. For instance, if you choose the Monthly option during account setup, upgrading to a Lifetime Fee later is not permitted.
- No Exceptions: Apex strictly enforces this policy. Attempts to request changes or exceptions through the Help Desk will not be accommodated.
PA Account Activation and Payment Process
After successfully passing your Evaluation Account, you will receive emails with instructions on signing your Contract Documents for the PA Account and a link to complete the payment. Alternatively, you can access these documents through your Apextraderfunding.com Dashboard under the Signatures tab. Once the Pending signatures are completed, the payment link becomes available automatically.
Rithmic PA Account Fees
When setting up a Rithmic PA account, you have the option to choose between a Monthly Fee of $85 or a Lifetime Payment Fee. Below are the Lifetime Fee structures based on the activation account size:
- 25k PA Activation Account: $130 (Lifetime)
- 50k PA Activation Account: $140 (Lifetime)
- 75k PA Activation Account: $180 (Lifetime)
- 100k PA Activation Account (Full and Static): $220 (Lifetime)
- 150k PA Activation Account: $260 (Lifetime)
- 250k PA Activation Account: $300 (Lifetime)
- 300k PA Activation Account: $340 (Lifetime)
Important: Once you select either the Monthly or Lifetime option during the checkout process, this decision is final for that specific account. Monthly payments cannot be changed to Lifetime.
Tradovate PA Account Fees
For Tradovate PA accounts, the payment options include a Monthly Fee of $105 or a Lifetime Payment Fee. The Lifetime Fees for Tradovate PA accounts are as follows:
- 25k PA Tradovate Activation Account: $150 (Lifetime)
- 50k PA Tradovate Activation Account: $160 (Lifetime)
- 75k PA Tradovate Activation Account: $200 (Lifetime)
- 100k PA Tradovate Activation Account: $240 (Lifetime)
- 150k PA Tradovate Activation Account: $280 (Lifetime)
- 250k PA Tradovate Activation Account: $320 (Lifetime)
- 300k PA Tradovate Activation Account: $360 (Lifetime)
Note: Similar to Rithmic PA accounts, you cannot change the payment option for a Tradovate PA account after selecting one.
Billing for Paid/Funded Accounts
Each paid or funded PA account is billed individually. For example, if you manage three paid/funded accounts, you will receive three separate bills corresponding to each account. This ensures clarity and precise tracking of your payments.
Need Assistance?
If you encounter any issues or do not receive the necessary emails within the specified timeframe, please submit a help desk ticket for further assistance. Remember, submitting a ticket before day ten will not expedite the automated process.
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