So many people often do not understand this rule and complicate their trading, thinking they need to change their strategy to make the payout accepted..
First of all, this is not the only rule you need to follow to get your payout accepted; all the rules are explained in their official FAQ. Here, I will explain the 30% rule in detail to give you the best possible explanation with an example.
So, what is it? Apex specifically says that it is looking for traders who are consistent in their way of executing trades and who do not rely on lucky trades that make a profit in one day by taking excessive risks, only to then request a payout without considering a long-term trading strategy and growth with the proprietary firm.
Let’s see how to calculate if you are respecting it. Here are the two main formulas:
BIGGEST DAY / 0.30 = PROFIT minimum to respect the 30% rule
For example, if you made $900 on your biggest day, then you need at least $3000 profit to comply with the 30% rule.
If you are starting with a fresh account balance and want to ensure you do not exceed the 30% rule for the payout, you can use this calculation.
MINIMUM PAYOUT * 0.30 = MAX DAY to respect the 30% rule
For example, with a $50k account where you need to make $2600 the first time to request a payout, you should ensure your max profit day does not exceed $780.
Many people think that this rule blocks them from making money, but if you are already making an amount over 30%, it means that your risk management is off compared to the size of your account, and you should address that. Second, if you are good at trading and consistently make a specific amount per day, you won’t have a problem continuing to do so.