Apex Trader Funding End of Day vs Intraday Evaluations

Apex Trader Funding sells each evaluation with one of two drawdown types. The intraday trailing drawdown follows the highest balance in real time, including open profit, and has no daily loss limit in the evaluation. The end of day drawdown is recalculated once a day from the closing balance and adds a daily loss limit that pauses trading. Targets and drawdown amounts are the same; the end of day version costs more.

How the two drawdown types work

Both evaluations come in 25K, 50K, 100K and 150K sizes with targets of $1,500, $3,000, $6,000 and $9,000, maximum drawdowns of $1,000, $2,000, $3,000 and $4,000, and position limits of 4, 6, 8 and 12 minis. Both are one time purchases active for 30 calendar days, with no resets, and both can be passed in a single day. The difference is how the floor, which Apex calls the threshold, moves.

Under intraday trailing, a trade that runs $900 into profit lifts the floor by $900 at once, even if it is never closed. Under end of day trailing, only the closing balance counts, so open profit given back during the session costs nothing. The end of day floor is still monitored live, so touching it during the day fails the evaluation.

The end of day evaluation’s daily loss limit is a soft limit. If the day’s loss, including open positions, reaches it, positions are closed and trading stops until the 6 pm ET reset, but the evaluation continues. In the evaluation, trailing stops once the floor reaches the profit target balance on Rithmic and WealthCharts, while on Tradovate it trails indefinitely, under either type.

Once funded

Passing leads to a Performance Account of the same size and type. Both types then work alike in most respects. The drawdown keeps its type but stops trailing at the starting balance plus $100, for example $50,100 on a 50K. Both have a daily loss limit that rises in tiers with profit, for example from $1,000 to $3,000 on a 50K, and contract limits that grow with profit up to 2, 4, 6 or 10 lots by size. Both pay 100% of approved payouts after five qualifying days, subject to the Apex 50% consistency rule, with up to six payouts per account. Both also have an inactivity rule; for the intraday version Apex states that an account without at least two days of $50 net profit within 30 calendar days is closed.

Worked example

The figures below follow the same made up trading through a 50K intraday evaluation and a 50K end of day evaluation, each with a $2,000 drawdown. They illustrate the rules only.

The same trades end one evaluation and leave the other with $1,100 of room. The intraday version punished the unbanked $1,200 given back on day 1. Now take a different day 2, in which the trader is down $1,100 by mid morning and would later have recovered. The end of day evaluation hits its $1,000 daily limit, closes the position and pauses until the next session, so the recovery never happens, though the evaluation survives. The intraday evaluation has no daily limit, so the trade can run, provided the balance stays above the trailing floor. The drawdown calculator and pass probability simulator can test both structures against your own numbers.

Costs and payout terms

List prices below were shown on apextraderfunding.com on 1 October 2026; at that time a coupon on the site cut evaluation prices by 90%. Standard versions add a one time activation fee on passing, while No Activation Fee versions cost more upfront.

The No Activation Fee versions list at $690, $799, $999 and $1,890 for intraday and $1,090, $1,190, $1,590 and $2,490 for end of day. Payout caps are almost the same for both types. On a 50K, six payouts can total $14,500 on an intraday account and $13,000 on an end of day account; on a 150K the totals are $21,500 and $20,500. Each request needs the balance above the safety net of drawdown plus $100 and a $500 minimum. The Performance Account must be activated within seven days of passing, and a trader can hold up to 20. Firms change their terms often, so confirm the current version before buying.

How they compare with Apex’s other options

Beyond the two new types, Apex has brought back its Legacy evaluations for a limited time. They are monthly subscriptions rather than one time purchases, with their own trailing threshold, a one time Performance Account fee and the older Legacy payout rules, including a 30% consistency test. They cannot be converted into the new account types. For a trader choosing between the two new types, the question is mostly about style:

• Intraday trailing suits traders who bank profit quickly and rarely let a winner turn back, and who want the lowest entry price and no daily limit in the evaluation.
• End of day trailing suits traders who hold through pullbacks within the session and can live with a daily limit that stops trading for the day.

For comparisons with other firms, see Apex vs Topstep, Apex Trader Funding vs Elite Trader Funding and Apex vs Tradeify.

Common mistakes

• Treating end of day as a check only at the close. The floor is enforced live; only its recalculation waits for the close.
• Letting open profit run on an intraday account. Each new peak lifts the floor permanently.
• Forgetting the end of day daily limit. It closes positions for the session, which can lock in a loss that might have recovered.
• Running out of time. Both evaluations expire 30 calendar days after purchase, with no extension.
• Assuming Tradovate and Rithmic behave the same. The evaluation floor stops trailing at the target balance on Rithmic and WealthCharts but not on Tradovate.

Checklist

• Decide whether your trades give back open profit often; if so, weigh end of day.
• Compare the checkout total, including any activation fee, not the list price.
• Check how your platform handles the evaluation floor.
• Note the 30 day expiry date at purchase.
• Plan to activate the Performance Account within seven days of passing.
• Know the tiered daily limit and contract limit for the funded stage.

For the mechanics behind both models, see end of day drawdown explained and trailing vs static drawdown.