Once active, how does a PA account work?
You will start fresh with a new balance of the plan you selected and with a new max drawdown that goes with that plan.
As of 09/16/22 all PA, Prop, and Affiliate payouts from Apex Trader Funding are handled through www.deel.com. For more information CLICK HERE
All trades must be closed and all pending orders must be cancelled BEFORE 4:59 pm EST
Make sure you understand how Trailing Threshold works: CLICK HERE
It will trail by the max drawdown until you reach the max drawdown plus $100, i.e., if max drawdown is $2500 on a $50,000 account, it will stop trailing at $50,100. NOTE: PA trailing stops at Threshold plus $100, as where Evaluation accounts can continue to trail longer until profit goal is reached. This is a big advantage with PA accounts!
You can trade up to your max contracts. No contracts can be added. You would need to add an additional account instead.
There are limits on the first three payouts, then no cap on the fourth payout as shown here: https://apextraderfunding.zendesk.com/knowledge/articles/4405136448411/en-us?brand_id=1260802074550
Withdrawals can be made monthly at the end of the month.
You keep 100% of the first $25,000, and 90% of the profits thereafter.
You cancel your evaluation account and no longer incur the evaluation fee for it.
There is a PA fee of $85 per month or you can chose a one-time fee that varies by account size, which is an all-inclusive fee for non-professional traders.
You continue to get to use the Free NinjaTrader License Key.
Trade during the news - your normal Trading Strategy, we do not allow news Trading strategies or news directional or multi directional news trades of any kind, these are prohibited. Straddles, strangles, or any type of news trading is prohibited and considered high risk and the pursuit of lucky windfalls that can place funds at high risk and not accepted.
At no time can a trader be both long and short in their accounts, nor multiple accounts, nor in arrangement with other trader/s. This result in immediate closure of accounts and forfeiture of accounts and funds.
Trader understands Company is seeking "to fund and payout" traders who follow a consistent trading plan in size, stops, and targets. This means not trading max contracts on one trade, seeking “lucky windfalls” while trading micros the rest of the time, not constantly changing sizes, not dollar cost averaging, not doing high-frequency trading, and being consistent in the trading plan, including your entries, stops, and take profits. Trader funding and paid funded is designed to be a long-term relationship of consistency and steady growth for both parties