Everything to Know About Withdrawals From Apex Trader Funding

Apex Trader Funding is one of the better prop firms available for futures traders. However, they have a… questionable style of explaining things in the documentation found on their site.

Due to what some may call word vomit, it makes their already complicated system even more complicated for the average trader. I imagine this turns a lot of potential customers off, because it is a bit of a headache to navigate all of the information without wanting to give up in the first 15 minutes.

If there is still any confusion after this guide, let me know and I will do my best to clarify it further for you.

Why Even Use Apex Trader?

Before we begin, you may wonder why I would bother with a firm that’s complicated in the first place, when there are other firms out there. I know there’s other options. I’ve written up a comprehensive analysis of all the major futures trading funding companies out there, which you can read about here.

However, Apex Trader offers something most firms don’t, which is the potential to manage up to 20 simultaneous accounts on one login, and the freedom to copy trade across each one. This provides a trader with the ability to earn way more profits than they normally would with their own capital or with most other firms.

If you take advantage of Apex’s sales, the cost per account is quite competitive as well. I wouldn’t call them the best firm due to their complicated and slow withdrawal system, but I do think they are one of the best choices available.

Why Do I Consider Apex Trader Funding’s System Complicated?

First off, it’s all relative. I fully understand these firms now, and going through the process multiple times helped with that. But I know that newer traders would be perplexed navigating through some of these firms’ websites, especially Apex’s. Compared to other firms, Apex Trader places a few major restrictions on funded traders.

If you’re withdrawing profits, it’s not unlike some other prop firms. Most of these firms enforce rules to limit your initial withdrawal requests, like requiring you to trade a number of days before you can get any money out, or having to leave some money in your account as a buffer. In this regard, Apex doesn’t do anything out of the ordinary.

When compared to firms like OneUpTrader or TakeProfitTrader, Apex is undoubtedly more difficult. If you’re one of the more talented traders who can generate big profits (by “big”, I mean more than $10,000 per month), you will have to wait quite a while to withdraw all of it.

For this reason, it’s important that you understand exactly what you will be signing up for, so you are not blindsided by these rules if (when?) you find yourself with a large profit in the first month or two.

Avoid Payoneer, and Revolut When Using Apex

Payoneer and Revolut are payment services that need to get their stuff together. According to Apex, payments done through these companies often get rejected, and they ask the account holder to provide extra documentation in order to release the payment.

Some people have had success using them, but many others have not. To be safe, avoid Payoneer or Revolut as payment processors, to save yourself a headache or two.

Requirements for Payout Requests

Before you can request a payout, you need to meet a few requirements. I’ve compiled them all here.

Trading Days Requirement

Apex requires you to have 8 separate trading days between each payout. You also need at least 5 of your trading days to show a profit of $50 or more.

30% Consistency Rule

This 30% rule refers to your profits – no single trading day should be above 30% of your total account’s profits at the time of a payout request. If you do violate this rule, your withdrawal request is denied.

This is a horrible rule for traders, even though it is employed by Apex mostly to deter gambling. It means that you must either ease up on your funded account’s profits from time to time, or, even worse, get more aggressive on the days after you had a great trading day.

Let me repeat: if you’re able to make a ton of money in one day relative to your 8-day gains, you will not be able to withdraw ANY of your money until you satisfy the 30% consistency rule. Play this situation correctly, especially when you first start.

So what are you supposed to do, if your goal is to reach $3100 and withdraw $1000 from your $50k Funded Account?

The best solution, in my opinion, is to cut your days short once you cross about $700 profit. Letting a runner hit $1,500 (which can be easy on an early morning trend in NQ) will mean you need to earn over $5,000 to meet the 30% consistency requirement.

When you’re trying to get your first successful withdraw, both for monetary and psychological motivation, it’s best to get across that finish line as efficiently as you can. Plus, when you have achieved mastery as a trader, you will know when to get aggressive responsibly, and you can plan around this rule less at that point.

30% Unrealized Drawdown Rule

I mentioned this in the Apex full guide, so I won’t elaborate too much here again. Read about it here if you need a refresher.

Next, there are restrictions on how much you are allowed to withdraw.

Before you consider making a withdrawal request, there is a minimum balance required at the time of the request. When you do meet the minimum balance requirement, you are permitted to withdraw between $500 and the “maximum withdrawal amount”, based on which account you have. See the table below.

Apex Trader Accounts	Minimum Balance Required	Maximum Withdrawal Amount (first 6 payouts)
$25,000	$26,600	$1,500
$50,000	$52,600	$2,000
$75,000	$77,850	$2,250
$100,000	$103,100	$2,500
$150,000	$155,100	$2,750
$250,000	$256,600	$3,000
$300,000	$307,600	$3,500
$100,000 (Static)	$102,600	$1,000

This is the system in place for the first 6 payouts. No exceptions are made, no matter how much extra money you make.

The system is designed to allow you to withdraw a chunk of your early profits, while proving consistency for a period of time. This restricts reckless gamblers from cashing out an early check and moving on.

So as long as you keep profiting, you can keep withdrawing. However, making payout requests is also a bit complicated.

Flipping is Allowed Again (part of October 2024 Changes)

Flipping is the act of entering and exiting a trade quickly, to add a trading day toward your total. If you have met the requirements above, and use flipping to reach the 8 day minimum, you are still eligible to get paid.

What Happens When Requesting a Payout?

When you have reached the profit requirements, you must go to the website and go to the Payout Request page. You must have reached the withdraw threshold (safety net), and only $500 of your total payout can be taken from this safety net.

Assuming you follow all of the steps correctly, your payout will be processed within 48 hours, and payment should be sent out within 3-4 business days. You are free to continue trading the same day after it has been approved. This is not always allowed at some firms; some may require you to halt trading until the payout is processed.

Once it’s processed, you will receive your money through whatever service you chose (bank deposit is recommended). You will be free to make another request during the next payout cycle, if you have accumulated another 8 trading days. After 6 of these payouts, you can withdraw as much money as you want from your profits for that account.

If your payout is denied, you will simply not get your money for that payout cycle. You won’t face any consequences for an incorrect or incomplete request, besides having to wait a few more weeks.

Also, keep in mind that if you get a payout denied, and you still have time to request another one for the current cycle, you still have to wait until the next payout cycle.

What if you blow up the account after a Payout Request?

If you make a payout request, and the site says that the request is pending, be very careful not to blow your account up. If you do, you will not receive the money that was requested.

However, if the request says “Approved”, and you blow up your account after, you will still receive your money on the next payment date.

What Happens After A Successful Payout Request?

You are allowed to trade after making a request that day, but you should trade responsibly to ensure that your withdrawn funds are not in risk from those trades.

Keep in mind that it is not your money until the payout has been marked as approved on the payout request page. If you submitted a request, and then had your account balance fall below the minimum required balance to make that request, it will be denied. So for the $50k account, the minimum balance is $52,600 for a payout. As long as your trades that day keep your balance above $52,600, you will be fine.

Once the payout is approved, your account display will be changed to reflect the updated balance, even if the funds haven’t been sent out yet. Once this happens, you are free to trade freely. Nothing you do on that account (including blowing the account) can result in not receiving the payout.

Step by Step Guide to a Successful Payout Request

Much of this is processed automatically, from what I can tell. To hopefully make this process less painful, I will outline it step by step.

1) Meet the minimum account balance and minimum trading days requirements.

This should be obvious by now, but just in case, double check that you have enough profit to make a request. Then, double check that you have traded for at least 10 days (since the last payout request, if you made one before).

To do this, you’ll have to login to the member page, and you’ll find this information on the “PA Charts” page, available on the main menu to the left.

The “days” value here does not update based on the last successful payout. To verify this, you will have to check your actual trading history through Rithmic or whichever platform has your trading history. Hopefully, you’re tracking all your trades by now and can easily count the days from your own records, but if not, check with your platform.

2) Fill out the necessary Payout Method information.

It’s important to update your profile with the pertinent information in advance. See the left menu again, and click on “Payout Method” which will redirect you to the payout guide in the Apex documentation.

After you click on Payout Method, it will take you to a section of their documentation about payouts. Scroll to the bottom, where there is some large text that says “CHANGE PAYOUT METHOD HERE.” This link will take you to this screen, where you fill in all the necessary information.

I know, it’s an extra step just getting to the form, but that’s just how it is. Maybe they’ll read this and fix it.

After you’ve filled out you information and saved it, you can proceed with step 2.

3) Fill out the Request Payout Form.

Hopefully the information above is correct, or you are at risk of having your request denied or worse, your money being sent somewhere else.

Then, go to this section of the menu.

Select the appropriate account from the dropdown and input how much money you’re withdrawing. If you cannot find your account in the dropdown, it is not be eligible for withdrawal.

4) Wait for your money to be deducted from the eligible account(s). Do NOT make additional withdrawal requests or reach out to the help desk about the submitted request.

Once a Payout Request is submitted, it cannot be changed, edited, or cancelled. This will not change if you submit a ticket to the help desk because you changed your mind. As I mentioned earlier, this process seems mostly or fully automated, so no one can interfere with it once it is in the system.

In addition, you should wait for the money to be deducted from your trading account before you continue trading. Until it is, if your balance dipped too far, it will be automatically denied.

So simply make your request, and pause your trading on that account until it has been approved.

If you didn’t meet the requirements, don’t worry. No one needs to be informed of the denial (except maybe your wife/husband), and you will be free to make a request during the next payout cycle if you meet the requirements then.

5) Repeat for each account.

If you have multiple accounts, you will have to fill them out separately here and press the Request button. The good thing is that the maximum withdrawal amount applies to each account individually, so you can actually withdraw a lot per month if you’re copy trading across several accounts.

Also, if it makes any difference, the money you request from multiple accounts during the same payout request will be sent to you in one transaction. This is what I was told from Apex support, so I will update this if it’s not true. Let me know if you experience something different.

Conclusion

This should be everything needed to cover withdrawal requests.

I don’t know about any issues specific to non-U.S. traders and the extra steps involved, but it’s worth looking into. If you are reading this in another country, and care to share your experience withdrawing your profits, please reach out and I will add it to this post.

A major advantage of Apex is their frequent sales. Be sure to take advantage of them when they are running something special, as they have done for much of 2024.

Try Apex Trader Funding here.