Apex Intraday Review 2026: Full Breakdown + Real EV For Traders
Apex's Intraday product: drawdown follows your account's peak balance in REAL TIME, including unrealized P&L. Crucially, the eval has NO Daily Loss Limit — different from the EOD product. Cheaper activation ($79 vs $99 EOD). Same eval prices, same MLLs, same profit targets. PA stops trailing at start+$100. 100% payout split. No resets per Apex 4.0.
At a glance
Apex Intraday account sizes
| Account | Eval cost | Profit target | Max DD | Daily loss | Reset cost |
|---|---|---|---|---|---|
| $25k | $35 | $1,500 | $1,000 | None | No resets |
| $50k | $32 | $3,000 | $2,000 | None | No resets |
| $100k | $60 | $6,000 | $3,000 | None | No resets |
| $150k | $80 | $9,000 | $4,000 | None | No resets |
Is Apex Intraday right for you?
- Tight-stop scalpers whose strategy rarely produces big unrealized swings
- Traders who want the eval with NO daily loss limit (more daily flexibility)
- Cost-conscious traders — $20 cheaper activation than EOD adds up across multiple accounts
- NO Daily Loss Limit on the eval — pass purely on the trailing-DD constraint
- $79 activation (cheapest of the major Apex products)
- PA drawdown LOCKS at start+$100 once trail is reached — same as EOD
- 100% trader payout split
- 30-day eval access period
- Same MLL/profit-target structure as EOD: $1k/$2k/$3k/$4k by size
- Real-time trailing means a single intraday wick can bust the account, even if you recover
- Unrealized P&L counts toward your peak — getting +$2k then giving back can hit the trail before you're even flat
- PA has a Fixed DLL (we don't model PA DLL in the funded sim)
- NO resets in Apex 4.0 — failed eval = full re-purchase
- 50% consistency rule on PA payouts (same as EOD)
- Max 6 payouts per PA, then re-qualify
Apex Intraday trading rules explained
Real-time INTRADAY trailing drawdown: threshold follows your highest balance including UNREALIZED P&L. Updates continuously throughout the session. Moves UP with new peaks; never moves down. PA stops trailing at start+$100; Tradovate eval trails indefinitely. Hitting the threshold at any moment (incl. unrealized) triggers automatic liquidation.
NO Daily Loss Limit on the eval (key difference from EOD product). PA has a Fixed DLL that's tier-based — we don't sim funded DLLs but they're enforced intraday on funded accounts.
NO consistency rule on the eval. 50% consistency rule on PA payouts (same as EOD). Best day < 50% of cycle profit. Resets after each approved payout.
Standard CME futures session.
All CME-group futures including micros. Hedging across multiple accounts is prohibited.
NO resets in Apex 4.0. A failed eval requires purchasing a new evaluation at current price.
Rithmic, Tradovate, NinjaTrader, Wealthcharts. VPS allowed; fully automated bots are not.
Apex Intraday payout rules
How Apex Intraday stacks up
| Firm | Eval $ | Activation | Profit split | DD type |
|---|---|---|---|---|
| Apex Intraday | $32 | $79 | 100% | Intraday trailing |
| Apex EOD | $32 | $99 | 100% | EOD · locks |
| TopStep Standard | $49 | $149 | 90% | EOD · locks |
Apex Intraday FAQ
›How does real-time trailing drawdown work?
The threshold follows your highest balance INCLUDING UNREALIZED gains. If you're +$2,000 mid-trade and the trail is $2,000 wide, your floor is now $0 below start. If price retraces and your unrealized drops to -$1,500 mid-trade, you've just busted — even if you would've closed at breakeven. Tight stops protect you from this. Wide swings destroy you.
›Apex Intraday vs Apex EOD — exactly what differs?
Three things: (1) Intraday DD trails LIVE incl. unrealized; EOD recalculates at market close. (2) Intraday eval has NO DLL; EOD eval has a Fixed DLL. (3) Intraday activation is $79; EOD is $99. Same eval prices, same profit targets, same MLL amounts per size. Pick Intraday for tight-stop scalping, EOD for swing/momentum styles with bigger intraday excursions.
›When does the Intraday trail stop moving?
On the PA: when your peak balance reaches start+MLL+$100 (e.g. $52,100 for 50k). At that point the trail locks at start+$100 ($50,100). On the EVAL (Tradovate): trails indefinitely. On Rithmic/Wealthcharts eval: trail stops at the profit target level.
›What's the realistic pass rate for Apex Intraday?
Lower than EOD on average for the same trader because of the unrealized-P&L exposure. If your strategy has a typical Max-Favorable-Excursion that's 1.5x your average win, that excursion counts toward your peak and erodes the cushion. Use the EV calculator with your own trade data to see your personal number.
›Does the absence of an eval DLL help?
It removes one constraint — you can take any single-day loss as long as you don't breach the trailing drawdown. In practice the trailing DD is usually the tighter constraint anyway. For most traders the DLL was redundant, so this matters less than it sounds.
Ready to see your personal EV at Apex Intraday?
Type your trading stats — we run the Monte Carlo against Apex Intraday's actual rules and tell you the expected dollar value of one eval attempt.
Last verified May 25, 2026. See the math behind these numbers →