- The evaluation is a monthly subscription product called the Combine.
- Trailing drawdown (max equity decline that follows price) shadows the account’s high-water mark.
- Minimum 7 trading days, with no overall time limit while the subscription is active.
- Profit split is 100% on the first $25K, then 90% afterward on the Performance Account.
Apex uses a single-phase Combine rather than the two-phase challenge common in FX firms. In practice, the rules to watch are the trailing drawdown and the prohibited-practice list, both of which differ from FTMO-style products.
Combine specs ($50K example)
| Item | Rule |
|---|---|
| Profit target | $3,000 |
| Trailing drawdown | $2,500 |
| Minimum days | 7 |
| Time limit | None (while subscribed) |
How trailing drawdown works
The trailing drawdown is the loss line that follows your highest equity point. As your account grows, the line moves up with it.
Specifically, once you cross the initial-plus-threshold mark, the line locks at “initial balance + $100”. From then on it behaves like a fixed drawdown, which makes risk planning meaningfully easier.
Performance Account
After passing, activation costs a one-time $85.
- 8-day payout cycle.
- 100% profit on the first $25K, then 90%.
Prohibited practices
- High-frequency trading (HFT — sub-second order activity).
- Account-to-account hedging on the same instrument.
- Trading inside high-impact news windows.
- Copy trading from external signal sources.
In short, Apex tolerates discretionary and systematic strategies but draws a hard line at automation that mirrors trades across accounts or scalps news spikes.
Internal: Apex review For FX coverage: FTMO / The5%ers