Single-step evaluation. Generous splits. Trailing DD.
Apex Trader Funding's single-step evaluation is one of the cleanest in the prop firm space: hit a profit target without breaching the trailing threshold or daily loss limit. Pass it and you receive a Performance Account paying 100% of the first $25,000 in profits, then 90/10 thereafter.
The catch is the trailing threshold. As your account moves up, the threshold trails behind your unrealized equity high. Until the account locks at the starting balance, every new profit increment also raises the floor underneath you. Discipline isn't optional. It's the entire game.