Apex Trader Funding,
rule by rule.

Platforms: New (Apex 4.0) evaluations/PAs: choice of Tradovate, Rithmic, or Wealthcharts at signup (all three are TradingView-compatible per the site). Legacy (limited-time re-release) plans also list all three platforms, each bundling a free NinjaTrader license ($75 value, Tradovate/Rithmic plans) and free real-time data ($55 value). No platform-fee difference was found on the new-system pricing calculator; Legacy plans are priced identically across all three platforms for a given size.

Universal conduct rules: MAX ACCOUNTS: up to 20 active Performance Accounts (PAs) per household at once, combined across new EOD, new Intraday, and Legacy PA types. No stated cap on the number of evaluations a trader may purchase or run in parallel (third-party trackers describe this as "no limit," not independently confirmed on an official page -- medium confidence). PROHIBITED CONDUCT (from the official "Prohibited Activities" page, verbatim scope noted): (1) Account/credential sharing and "trade copying with other traders" -- sharing logins, MAC addresses, computers, IPs, or credit cards, or copying trades with OTHER traders, is banned; the page does not address copying trades across a trader's own multiple accounts. (2) No High-Frequency Trading (HFT) or other "manipulation or exploitation of the simulation environment," including trying to force erroneous fills or breach max-contract limits. (3) No hedging of any kind -- holding simultaneous long and short positions on the same or a correlated instrument is strictly prohibited (directional trading only). (4) No automation/algorithm usage -- rewards are stated to be for human discretionary trading only. (5) No trading without a defined stop loss (pending or mental) and risk-management plan; no "high-risk" setups with disproportionate risk:reward (their example: a 5-tick profit target against a 150-tick stop); no using the account's drawdown threshold itself as a stop-loss to absorb large losses. (6) No "stockpiling" cheap evaluations to deliberately blow them up chasing a windfall, and no non-directional bracket orders left open on both sides hoping for a lucky fill. (7) No multiple user accounts / household circumvention of an account already under a restriction or probation. (8) No VPNs/proxies/anonymizing tools used to evade rules, hide violations, or disguise identity/location. Violations funnel first into "Trader Probation" per the same page; several items (sharing, multi-accounting, hedging) are stated as immediate account/fund forfeiture. CONSISTENCY: none during the new-system evaluation phase (Apex markets "NO Eval consistency rules"); a 50% rule applies only at PA payout time (see per-tier funded.consistency_rule). PROFIT SPLIT: 100%, no split, on sim-funded PA payouts; the commonly-quoted 90/10 split applies only to the separate, invitation-only real-money "Apex Live" program (not purchasable; a trader is selected into it and simultaneously loses all sim Eval/PA access). PLATFORM-SPECIFIC DRAWDOWN LOCK BEHAVIOR (applies to both new-system tracks, eval and PA): on Rithmic and Wealthcharts, the trailing threshold freezes once the account's highest balance reaches (Target-Profit Balance + Max Drawdown) in eval, or (Starting Balance + Max Drawdown + $100) in a PA; on Tradovate evaluations the threshold has no freeze point and trails indefinitely with the peak balance. This is an unusual, platform-dependent mechanic worth flagging for platform choice.

News & overnight: OVERNIGHT HOLDING: Not allowed on any account, eval or funded. All positions must be flat before each instrument's listed close (5:00 PM ET for equity-index, currency, energy, and micro futures and crypto; 2:05-2:20 PM ET for agricultural futures per the site's own table) and trading resumes at 6:00 PM ET; a "trading day" is defined as 6:00 PM ET to 4:59 PM ET the next session. The official Prohibited Activities page lists "Holding open trade positions through the market close" as a forfeiture-triggering violation (account and all balances forfeited), not merely a soft rule -- this is a hard day-trading-only firm, no swing/overnight positions of any kind on any product. NEWS TRADING: explicitly ALLOWED as part of a normal strategy, including through high-impact news events. What is banned is using news as an excuse to "chase the market" or gamble the outcome (e.g., placing orders on both sides of the market hoping one side gets lucky) -- language that overlaps with, but is distinct from, the separate blanket "No Hedging" rule (see universal_rules).