Apex Trader Funding vs TradeDay
Apex Trader Funding
TradeDay
Computed verdict
TradeDay costs less per unit of risk: $29.5 vs $51.57 per $1,000 of drawdown. On the overall score, TradeDay comes out ahead (90 vs 78).
The verdict is computed from verified data and recomputes when the data changes. It is not an opinion and no commercial arrangement alters it. Methodology
Rule by rule
Trailing drawdown of $1,000–$4,000 by size (EOD or intraday line) that locks at starting balance + $100 in the PA, with unrealized P&L counting toward a breach even on the EOD line.
Trailing drawdown of $2,000 (50K) / $3,000 (100K) / $4,500 (150K), freezing at the starting balance, breached intraday. The intraday-vs-end-of-day method is chosen per account at purchase — Quick Pay is available as either, Fast Pass is EOD-only.
Soft daily limit of $500–$2,000 by size that pauses your session without failing the account; intraday evaluations have no daily loss limit at all.
No daily loss limit was found anywhere on the firm's pages — the only loss mechanism is the trailing drawdown — but the absence is not explicitly confirmed.
No consistency rule in the evaluation; in the PA no single day may account for 50% or more of total profit since your last approved payout, checked when you request one.
Consistency applies only in the evaluation: no day may exceed 30% (Quick Pay) or 45% (Fast Pass) of total profits to pass; no funded-stage rule was found.
50K: $3,000 profit target against a $2,500 drawdown, no minimum days.
50K: $3,000 target, $2,000 drawdown, 5-day minimum. Fast Pass: TradeDay's pricing cards say a 3-day minimum; its how-it-works page and rules FAQ say there is none. Plan on 3.
On the Legacy account we rank: payouts from 8 trading days, of which 5 must close with $50 or more of profit, $500 minimum, and 8 trading days between requests. The split is 100% of the first $25,000 paid out per account and 90% of anything after that. The first five payouts are capped by size ($2,500 on the $100,000) and from the sixth the cap disappears. A 30% consistency rule also applies: no single day may account for more than 30% of profit, through the fifth payout. The 4.0 Sim-Funded account is a different product and works differently: a 100% split, 5 qualifying days, and a hard cap of 6 payouts after which the account closes.
On-demand payouts processed within 24 business hours, from day one on Quick Pay (minimum $250), at a 50/50 split below $4,000 net profit, 80/20 above it, and 90/10 on Funded Live.
50K: we publish no verified list price. Apex's checkout sits behind script and login, and our second-hand figures disagree by more than double. Apex's own homepage runs "Any Size Evals up to 90% Off | Use code: SAVENOW". A one-time PA activation fee exists and falls due within 7 calendar days of passing, and promo codes do not apply to it; we hold no verified amount for it. There are no reset fees: "If an Evaluation fails, the only way to continue is by purchasing a new one."
50K Quick Pay (intraday): monthly subscription ~$125/month (sometimes 50% off), no activation. $60 reset.