For three years, traders complained about the same three things at Apex Trader Funding: the MAE rule that killed good trades mid-position, the 5:1 risk-reward requirement that banned half the strategies in existence, and the monthly subscription that kept billing whether you traded or not.
On March 1, 2026, Apex deleted all of it. The MAE rule is gone. The RR rule is gone. Monthly fees are gone. If you read anything about Apex Trader Funding before March 2026, it describes a product that no longer exists.
This article covers Apex 4.0 as it actually is. Not the press release version. The full picture, including the parts they’re not leading with.
TL;DR: Apex 4.0 at a Glance
Launched: March 1, 2026. Full product replacement. Legacy accounts operate under legacy rules until they close.
What’s GONE: Monthly subscription fees. MAE rule. 5:1 RR rule. One Direction rule. 7-day minimum. Manual payout review. Account resets. 250K and 300K account sizes.
What’s NEW: One-time payment (OTP) pricing. Two drawdown types: EOD Trail or Intraday Trail. 30-day eval expiry. 6-payout lifetime cap per account. Overnight trading ban. All metals suspended (Gold, Silver, Micro Gold, Copper, Platinum, Palladium).
Activation fee: $79 (Intraday) or $99 (EOD) paid when you pass, not upfront. Total cost = eval fee + activation fee.
Looking for the complete version of what 4.0 is aiming at? Phidias has offered it since launch: $55 OTP, static drawdown, 48-hour payouts, no activation fee, no lifetime payout cap.
The Apex 4.0 Rules That Got Deleted
Before getting into what’s new, let’s acknowledge what’s gone. These were real problems. Traders lost real money because of them.
1. Monthly Subscription Fees
The meter ran whether you were trading or not. Pass in two months? Fine. Take five? You’ve paid $245 to $745 before seeing a dollar of profit. The monthly model punished slower learners and anyone who had a bad month mid-eval. It also created an ugly dynamic where Apex profited directly from traders who struggled. That model is gone.
2. The MAE Rule (Maximum Adverse Excursion)
This was the most complained-about rule in prop firm history. The MAE rule required trades to show profit within a defined drawdown range on a tick-by-tick basis. A trade that temporarily moved against you before reversing and closing green could still count as a violation. Good trades got killed. Legitimate setups got flagged. Traders who passed every other metric failed because of temporary adverse movement. It’s gone, with no replacement.
3. The 5:1 Risk-Reward Ratio Rule
Required stop losses to be at least 1/5 the size of your target. That sounds reasonable until you realize it banned scalping, mean-reversion strategies, and anything with tight stops and modest targets. Entire methodologies were incompatible with Apex because of this single rule. Gone in 4.0.
4. The One Direction Rule
No simultaneous long and short positions. This blocked hedging strategies and certain pairs-based approaches. Removed for 4.0.
5. The 7-Day Minimum Trading Requirement
Even if you hit every target on day one, you had to trade for seven days before passing. For skilled traders, this was just time spent managing risk for no reason. A trader who can hit the profit target in three days had to sit on their hands for four more. That requirement is gone. Pass in one day if your trading supports it.
6. Manual Payout Review
Every payout went through human review. In 2023, that process became the center of controversy as delays stretched from days into weeks. The uncertainty was real. 4.0 replaces manual review with automated Deel processing. Payouts go through the system, not a queue waiting on a human decision.
7. Account Resets
Legacy Apex offered resets. Blow your account in week two? Pay a reset fee and start fresh. 4.0 removes this entirely. No resets available. If you don’t pass within 30 days, you buy a new eval. That shift has more implications than most people realize. More on that below.
8. The 250K and 300K Account Sizes
Maximum account size is now $150K. If you were scaling into a large simulated account, that ceiling dropped significantly.
If you’ve been avoiding Apex because of these rules, the rules are gone.
What Apex 4.0 Actually Looks Like: Rules, Pricing, and Structure
Here’s the full structure of the new product.
Pricing: Two Tiers, Two Fees
Every account has two costs: the eval fee (paid upfront) and the activation fee (paid when you pass). The activation fee is not visible in most marketing. Factor it in before comparing prices.
| Account | Eval Fee | Activation Fee | Total Cost |
|---|---|---|---|
| Intraday Trail 25K | $118 | $79 | $197 |
| Intraday Trail 50K | $131 | $79 | $210 |
| Intraday Trail 100K | $198 | $79 | $277 |
| Intraday Trail 150K | $265 | $79 | $344 |
| EOD Trail 25K | $177 | $99 | $276 |
| EOD Trail 50K | $197 | $99 | $296 |
| EOD Trail 100K | $297 | $99 | $396 |
| EOD Trail 150K | $397 | $99 | $496 |
Discount codes reportedly reach ~85% off the eval fee. Verify current promotions at apextraderfunding.com.
The Two Drawdown Types: EOD Trail vs. Intraday Trail
This is where most of the confusion lives. The two types behave very differently and the wrong choice will cost you an account.
EOD Trail (End of Day)
The trailing floor recalculates once per day at 4:59 PM ET market close. During the session, unrealized gains do not move the floor. You can be up $3,000 mid-day and your buffer stays exactly where it started. The floor only adjusts at close based on your settled balance. There is a Daily Loss Limit (DLL) per account size. More expensive entry. The floor locks permanently once it reaches your starting balance.
Intraday Trail
The floor moves in real-time based on peak intraday equity, including unrealized P&L. Every new high watermark, even unrealized positions mid-trade, raises the floor immediately.
Here’s the scenario every Intraday Trail trader needs to understand before they start.
Example: $100K account, $3,000 buffer.
You enter a trade. By 10:30 AM, you’re up $2,000 unrealized.
The floor rises $2,000 immediately. Your buffer is now $1,000.
The trade comes back. You close at +$1,200 realized.
You made $1,200. Your buffer is now $1,200. The floor moved against you on a winning trade. That’s how Intraday Trail works.
No DLL on Intraday. Cheaper entry. Floor also locks at starting balance once reached.
Performance Account Rules
- 5 qualifying trading days required before each payout request. On a $100K account, a qualifying day means $250+ net profit.
- Consistency rule: No single day can account for 50% or more of total net profits since the last payout.
- Safety net balance: Your balance must stay above starting balance + drawdown + $100. On $100K, that’s a minimum balance of $103,100 to request a withdrawal.
- 6-payout lifetime cap. After payout 6, the account closes. You buy a new eval.
The Payout Ladder ($100K Account)
| Payout Number | Maximum Withdrawal |
|---|---|
| Payout 1 | $2,000 |
| Payout 2 | $2,500 |
| Payout 3 | $3,000 |
| Payout 4 | $3,000 |
| Payout 5 | $3,500 |
| Payout 6 (final) | $4,000 |
Maximum total across all 6 payouts: $18,000. After payout 6, the account closes.
Additional Rules to Know
- No overnight trading. All positions must be flat by 4:59 PM ET. Every session.
- Metals suspended: Gold (GC), Silver (SI), Micro Gold (MGC), Copper (HG), Platinum (PL), Palladium (PA). No return timeline given.
- Max 20 accounts held simultaneously.
- 30-day eval expiry. No extensions. No resets.
- Platforms: Rithmic, Tradovate, Wealthcharts.
What Apex 4.0 Gets Right
Credit where it’s due. Several of these changes are genuine improvements.
OTP pricing is better than monthly for any trader who takes more than one or two months to pass. You pay once and the clock on your fees stops. For slower developers or anyone who hits a bad streak, this is a real structural win.
Automated payouts via Deel remove the 2023-era human-review bottleneck. The controversies around payout delays were real. The automated system should make the process faster and more predictable.
Removing MAE, the 5:1 RR rule, One Direction, and the 7-day minimum makes the evaluation about actual trading performance, not about whether your strategy conforms to arbitrary mechanical constraints.
Pass in one day. No minimum days required. A skilled trader with a clear edge can be done in a single session.
Consistency rule loosened from 30% to 50%. Less restrictive, more room to have a strong trading day without tripping a violation.
100% profit split is real on Performance accounts, within the payout ladder structure.
$721M+ in total payouts on record. Apex is a real firm that has paid real traders. The size of that number matters when evaluating whether to trust a prop firm.
See Phidias accounts and pricing →
The Apex 4.0 Changes Traders Are Missing
This section is what most coverage skips. The parts that change the math on whether 4.0 is actually better for you.
1. The 30-Day Expiry Pressure Is Real
Old Apex used monthly billing. No expiry date. You could take 60 days to pass. It cost more, but there was no clock.
Apex 4.0: 30 days. No extensions. No resets. If you hit a bad stretch in week three, you’re watching the calendar burn down.
Monthly fees created financial pressure. The 30-day expiry creates psychological pressure. Different mechanism, same result: you’re trading under stress in the final stretch. That pressure changes decision-making. Know it’s there before you start.
2. The 6-Payout Cap Is the New Ceiling
“100% profit split” is the headline. The structure beneath it: $18,000 maximum from a $100K account before it closes.
A trader making $3,000 per month hits that ceiling in six months and then pays for a new eval to continue.
It’s not a scam. It’s a business model. But leading with “100% profit split” without mentioning the lifetime cap is incomplete. Now you know the full picture.
3. No Resets Means No Safety Net
Legacy Apex had resets. Blow an account in week two? Pay the reset fee and restart from the beginning.
4.0 removes this entirely. No partial recovery. You buy a new eval. One bad session late in the 30-day window and you’re starting over from zero.
4. Metals Are Gone and Nobody Knows When They’re Coming Back
Gold. Silver. Micro Gold. Copper. Platinum. Palladium. All suspended on 4.0 accounts. No return timeline provided.
Gold (GC) is consistently the most traded instrument among futures prop traders. This is not a footnote. Traders who built their strategy around gold futures have no path forward at Apex 4.0 right now.
5. The Overnight Ban Is a New Restriction, Not a Removal
Legacy Apex allowed overnight positions. 4.0 removed that. All positions flat by 4:59 PM ET, every day.
Multi-day setups, swing trades, news-into-next-day plays: none of these work at Apex anymore. That’s a significant restriction that 4.0 added, not removed.
6. The Activation Fee Is Easy to Miss
Most marketing shows the eval cost. $131 for 50K Intraday. Sounds reasonable. The $79 activation fee is separate and only appears when you pass. Total is $210.
Still a fair price. But the split between eval and activation is a friction point worth knowing before you see it on your checkout screen.
What Apex 4.0 Is Trying to Be
No pitch yet. Just the pattern.
Apex 4.0 made a clear strategic move: become more like the firms that don’t charge monthly fees, don’t impose unnecessary rules, and pay traders faster. That is the right direction. The question is whether the execution is complete.
Here’s what the version traders actually wanted would look like:
| Feature | Apex 4.0 |
|---|---|
| One-time payment, no ongoing meter | ✓ Yes |
| No minimum trading days | ✓ Yes |
| Automated payouts, no manual holds | ✓ Yes |
| No arbitrary rules that kill good trades | ✓ Mostly |
| Static drawdown (floor never moves) | ✗ Not available |
| Overnight/swing trading | ✗ Banned in 4.0 |
| No lifetime payout cap | ✗ 6-payout cap |
| All major instruments available, including gold | ✗ Metals suspended |
Apex got half the checklist right. The other half is where another firm was already operating.
There’s a firm that was built around this full checklist before Apex decided monthly fees were a problem. Here’s what it looks like.
Phidias: Built for What 4.0 Is Trying to Be
Phidias was built around the same checklist Apex 4.0 is now trying to satisfy. The difference is timing and completeness.
The 48-Hour Path
One trading day to pass the evaluation. One trading day to hit the payout target. First payout possible 48 hours from account activation.
Apex 4.0 removed their 7-day minimum. Phidias never had one. That’s not a minor distinction.
Static Drawdown
The Phidias 25K Static uses a $500 floor that does not move. Not EOD trailing. Not intraday trailing. Static.
An account you’re up $2,000 intraday has the same buffer as when you started the day. The floor set on day one stays there. That’s the structure Apex 4.0 still doesn’t offer on any of its account types.
Simplicity
No consistency rule during eval. No MAE rule. No minimum trading days. No 30-day expiry pressure. No activation fee on top of the eval fee.
$55 total. One payment. Done. See the full Phidias rules here.
No Lifetime Payout Cap
Phidias Live accounts have no payout ceiling. No ladder. No account closure after 6 withdrawals. A trader who reaches Live keeps trading and keeps getting paid indefinitely.
That’s the structural difference between a program designed around recurring eval revenue and one designed around keeping funded traders active long-term.
Gold Is Available
GC, gold futures: available at Phidias. No metals suspension. No timeline to wait on. If your strategy runs on gold, you can trade it here right now.
The Honest Comparison on Profit Split
Phidias Live accounts pay 80/20. Apex 4.0 pays 100% up to the $18,000 lifetime cap.
For a trader averaging $3,000 per month: Apex delivers $18,000 then closes the account and charges for a new eval. Phidias delivers $2,400 per month with no ceiling and no rebuy cost.
By month seven, Phidias has paid out more total. The 100% headline matters less than the structure underneath it.
Path to Live
3 payouts from one account, or $75,000 cumulative. Documented criteria. Not a lottery, not a vague discretionary decision.
Price Comparison
| Account Size | Phidias Total | Apex 4.0 Total |
|---|---|---|
| 25K | $55 (Static OTP) | $197 (Intraday Trail) |
| 50K | $116 (Fundamental OTP) | $210 (Intraday) or $296 (EOD) |
| 100K | $144.60 (Fundamental OTP) | $277 (Intraday) or $396 (EOD) |
18,000+
Funded Traders
$2.95M
Paid Last 90 Days
0
Payout Denials
Apex 4.0 vs. Phidias: Side-by-Side
| Feature | Phidias | Apex 4.0 |
|---|---|---|
| Entry price (50K) | $116 | $210 (Intraday) / $296 (EOD) |
| Monthly fee | None | None (4.0) |
| Activation fee | None | $79 / $99 (paid on pass) |
| Eval expiry | None | 30 days |
| Drawdown type | Static (never moves) | EOD Trail or Intraday Trail |
| Overnight trading | Allowed | Banned |
| Min days to first payout | 1 day (48-hr path) | 5 qualifying days |
| Payout cap | None | 6 payouts / $18K max (100K) |
| Live account path | 3 payouts or $75K cumulative | Performance account model |
| Profit split | 80/20, no ceiling | 100% to $18K cap, then rebuy |
| Gold/metals available | Yes | Suspended (no timeline) |
| Resets available | N/A (no expiry) | No |
18,000+ Traders. $2.95M Paid Last 90 Days. Zero Payout Denials.
The evaluation is not the goal. The LIVE account is.
Choose your account type
Static: Static Drawdown & Direct access to live.
Fundamental: Classic intraday evaluation account.
Swing: Classic evaluation account with the ability
to hold your positions overnight.
10K Drawdown Challenge: Our monthly trading
challenge with a $10K live account as the prize.
Your account type
Static: Static Drawdown & Direct access to live.
Fundamental: Classic intraday evaluation account.
Swing: Classic evaluation account with the ability
to hold your positions overnight.
10K Drawdown Challenge: Our monthly trading
challenge with a $10K live account as the prize.
Your payment option
One-Time Payment
Enjoy a reduced rate with a one-time payment.
No activation fees to pay after passing the evaluation.
Evaluation
Payment in two steps:
1️⃣ When purchasing the evaluation
2️⃣ Then activation of the funded account once the
evaluation is validated.
- No Monthly Subscription
- Evaluation & Activation Included
- No Rush To Pass Evaluation
- Lifetime Funded Account
$25K Static
CASH activation fee : $83 $0
Profit target : $1,500
Max Contracts : 2 minis (20 micros)
Maximum drawdown : $500
Drawdown type : Static
News Trading : Allowed
Data Feed : dxFeed 
Or Rithmic 
Minimum trading days : 1
*Price excluding taxes
$25K Static
CASH activation fee : $83
Profit target : $1,500
Max Contracts : 2 minis (20 micros)
Maximum drawdown : $500
Drawdown type : Static
News Trading : Allowed
Data Feed : dxFeed Or Rithmic
Minimum trading days : 1
*Price excluding taxes
Your payment option
One-Time Payment
Enjoy a reduced rate with a one-time payment.
No activation fees to pay after passing the evaluation.
Evaluation
Payment in two steps:
1️⃣ When purchasing the evaluation
2️⃣ Then activation of the funded account once the
evaluation is validated.
- No Monthly Subscription
- Evaluation & Activation Included
- No Rush To Pass Evaluation
- Lifetime Funded Account
$50K Fundamental
CASH activation fee : $149 $0
Profit Target : $4,000
Max Contracts : 10 minis (100 micros)
Maximum drawdown : $2,500 EOD (End Of Day)
Daily loss limit : None
News Trading : Allowed
Data Feed : dxFeed Or Rithmic
Minimum trading days : 3
*Price excluding taxes
$100K Fundamental
CASH activation fee : $149 $0
Profit Target : $6,000
Max Contracts : 14 minis (140 micros)
Maximum drawdown: $3,000 EOD (End Of Day)
Daily loss limit : None
News Trading : Allowed
Data Feed : dxFeed Or Rithmic
Minimum trading days : 3
*Price excluding taxes
$150K Fundamental
CASH activation fee : $169 $0
Profit Target : $9,000
Max Contracts : 17 minis (170 micros)
Maximum drawdown: $4,500 EOD (End Of Day)
Daily loss limit : None
News Trading : Allowed
Data Feed : dxFeed Or Rithmic
Minimum trading days : 3
*Price excluding taxes
$50K Fundamental
CASH activation fee : $149
Profit Target : $4,000
Max Contracts : 10 minis (100 micros)
Maximum drawdown : $2,500 EOD (End Of Day)
Daily loss limit : None
News Trading : Allowed
Data Feed : dxFeed Or Rithmic
Minimum trading days : 3
*Price excluding taxes
$100K Fundamental
CASH activation fee : $149
Profit Target : $6,000
Max Contracts : 14 minis (140 micros)
Maximum drawdown: $3,000 EOD (End Of Day)
Daily loss limit : None
News Trading : Allowed
Data Feed : dxFeed Or Rithmic
Minimum trading days : 3
*Price excluding taxes
$150K Fundamental
CASH activation fee : $169
Profit Target : $9,000
Max Contracts : 17 minis (170 micros)
Maximum drawdown: $4,500 EOD (End Of Day)
Daily loss limit : None
News Trading : Allowed
Data Feed : dxFeed Or Rithmic
Minimum trading days : 3
*Price excluding taxes
Your payment option
One-Time Payment
Enjoy a reduced rate with a one-time payment.
No activation fees to pay after passing the evaluation.
Evaluation
Payment in two steps:
1️⃣ When purchasing the evaluation
2️⃣ Then activation of the funded account once the
evaluation is validated.
- No Monthly Subscription
- Evaluation & Activation Included
- No Rush To Pass Evaluation
- Lifetime Funded Account
$50K Swing
CASH activation fee : $149 $0
Profit Target : $4,000
Max Contracts : 10 minis (100 micros)
Maximum drawdown : $2,500 EOD (End Of Day)
Daily loss limit : None
News Trading : Allowed
Overnight & Overweek : 1 mini contract allowed
Data Feed : dxFeed Or Rithmic
Minimum trading days : 3
*Price excluding taxes
$100K Swing
CASH activation fee : $149 $0
Profit Target : $6,000
Max Contracts : 14 minis (140 micros)
Maximum drawdown : $3,000 EOD (End Of Day)
Daily loss limit : None
News Trading : Allowed
Overnight & Overweek : 2 mini contracts allowed
Data Feed : dxFeed Or Rithmic
Minimum trading days : 3
*Price excluding taxes
$150K Swing
CASH activation fee : $169 $0
Profit Target : $9,000
Max Contracts : 17 minis (170 micros)
Maximum drawdown : $4,500 EOD (End Of Day)
Daily loss limit : None
News Trading : Allowed
Overnight & Overweek : 3 mini contracts allowed
Data Feed : dxFeed Or Rithmic
Minimum trading days : 3
*Price excluding taxes
$50K Swing
CASH activation fee : $149
Profit Target : $4,000
Max Contracts : 10 minis (100 micros)
Maximum drawdown : $2,500 EOD (End Of Day)
Daily loss limit : None
News Trading : Allowed
Overnight & Overweek : 1 mini contract allowed
Data Feed : dxFeed Or Rithmic
Minimum trading days : 3
*Price excluding taxes
$100K Swing
CASH activation fee : $149
Profit Target : $6,000
Max Contracts : 14 minis (140 micros)
Maximum drawdown : $3,000 EOD (End Of Day)
Daily loss limit : None
News Trading : Allowed
Overnight & Overweek : 2 mini contracts allowed
Data Feed : dxFeed Or Rithmic
Minimum trading days : 3
*Price excluding taxes
$150K Swing
CASH activation fee : $169
Profit Target : $9,000
Max Contracts : 17 minis (170 micros)
Maximum drawdown : $4,500 EOD (End Of Day)
Daily loss limit : None
News Trading : Allowed
Overnight & Overweek : 3 mini contracts allowed
Data Feed : dxFeed Or Rithmic
Minimum trading days : 3
*Price excluding taxes
$10K Drawdown Challenge
Winter Summit Edition
$24,000 Cash Prizes to Win!
Maximum drawdown : $10 000 EOD (End Of Day trailling)
Number of entries : Unlimited
Max Contracts : 25 minis (250 micros)
Over night & Over week-end : 25 mini contracts allowed
Data Feed : dxFeed Or Rithmic
Current challenge timeline: Start on January 2nd and ends on February 28th. Results are announced 1st of March.
*Price excluding taxes
You can also compare how Phidias stacks up against other firms: Apex Trader Funding vs. Topstep: Full 2026 Comparison.
Frequently Asked Questions: Apex 4.0
What is Apex Trader Funding 4.0?
Apex Trader Funding 4.0 is a complete product replacement launched on March 1, 2026. It replaces the legacy monthly-subscription evaluation model with a one-time payment system, two new drawdown types (EOD Trail and Intraday Trail), automated payouts via Deel, and removes several restrictive rules including the MAE rule, 5:1 RR requirement, and 7-day minimum trading period. All new accounts opened after March 1, 2026 operate under 4.0 rules.
When did Apex 4.0 launch?
Apex Trader Funding 4.0 launched on March 1, 2026. Any article, video, or review of Apex written before that date covers a product that no longer exists for new accounts.
What rules did Apex remove in 4.0?
Apex 4.0 removed the following: monthly subscription fees, the MAE (Maximum Adverse Excursion) rule, the 5:1 Risk-Reward Ratio rule, the One Direction rule (no simultaneous longs and shorts), the 7-day minimum trading day requirement, manual payout review, account resets, and the 250K and 300K account size tiers. The maximum account size on 4.0 is $150K.
Does Apex 4.0 allow overnight trading?
No. Apex 4.0 bans overnight trading on all account types. All positions must be flat by 4:59 PM ET. This is a new restriction added in 4.0. Legacy Apex accounts allowed overnight positions. If your strategy holds positions overnight or requires multi-day setups, Apex 4.0 is not compatible with it.
What is the Apex 4.0 payout structure?
Apex 4.0 Performance accounts use a payout ladder with a 6-payout lifetime cap. On a $100K account: Payout 1 is $2,000 maximum, Payout 2 is $2,500, Payout 3 and 4 are $3,000 each, Payout 5 is $3,500, and Payout 6 is $4,000. Maximum total across all payouts is $18,000, after which the account closes. Each payout requires 5 qualifying trading days and no single day can account for 50% or more of net profits since the last payout. Payouts are processed automatically via Deel.
Are there resets available on Apex 4.0 accounts?
No. Apex 4.0 does not offer account resets. If you do not pass the evaluation within the 30-day window, you purchase a new evaluation. There is no partial recovery mechanism. Legacy Apex accounts had resets available; this feature was removed entirely in 4.0.
Why is gold (GC) not available on Apex 4.0?
Apex suspended all metals trading on 4.0 accounts as of the March 1, 2026 launch. Suspended instruments include Gold (GC), Silver (SI), Micro Gold (MGC), Copper (HG), Platinum (PL), and Palladium (PA). No return timeline has been provided. Traders whose strategies are built around gold futures currently have no path forward at Apex 4.0.
What is the cheapest futures prop firm alternative to Apex in 2026?
Phidias offers the lowest documented entry price in the industry for a funded futures prop firm evaluation. The 25K Static account is $55 total, one payment, with no activation fee, no expiry date, and a static drawdown floor that never moves. Gold futures are available. Payouts are possible within 48 hours of activation. For comparison, the cheapest Apex 4.0 entry (25K Intraday Trail) costs $197 total including the activation fee. See the full Phidias account lineup here.
Apex Got Half the Checklist Right. We Built the Whole Thing.
$55. One payment. Static drawdown. 48-hour payouts. No lifetime cap.
No 30-day expiry. No activation fee. No metals suspension.
Risk Disclosure: Futures trading involves substantial risk of loss and is not appropriate for all investors. Prop firm evaluations are simulated trading environments. Passing an evaluation does not guarantee profits in live trading. All figures referenced in this article (pricing, payout amounts, drawdown parameters) reflect publicly available information as of March 2026 and are subject to change. Verify current terms directly with Apex Trader Funding and Phidias before making any financial decisions. Past payout totals are not indicative of future results. This article is for informational purposes only and does not constitute financial advice.
