How the rules differ
Drawdown. Apex Trader Funding: EOD path uses $1K/$2K/$3K/$4K EOD drawdown; intraday path has separate trailing rules. Alpha Futures: Zero MLL: $1K/$2K/$3K. Advanced MLL: $1.75K/$3.5K/$5.25K. Direct MLL: $1K/$2K/$3K/$4.5K.
Payouts. Apex Trader Funding: EOD PA documentation says approved payouts are 100% split. Intraday PA payout page lists at least 5 qualifying trading days, $500 minimum payout, and max 6 payouts per Performance Account. Alpha Futures: 90% profit split from the start on all 3 plans, no tiered ramp. Zero and Advanced withdrawals are gated behind 5 winning days of $200+ profit each; Direct withdrawals are gated behind its per-size Withdrawal Profit Target (resets each cycle, no carryover) plus the 20% consistency rule, not winning days. Zero caps: $1K/$1.5K/$2.5K. Advanced: $1K min/$15K max per request. Direct caps: $1K/$2K/$2.5K/$3K.
Cost beyond the sticker. Apex Trader Funding runs a One-time evaluation access plus activation fee model — Discount cadence is high, and EOD versus intraday payout rules differ. Alpha Futures runs a Zero and Advanced: monthly subscription during evaluation. Direct: one-time fee, no subscription, skips evaluation. model — 90% split from day one on all 3 plans; Direct's one-time fee skips evaluation entirely for immediate funded access, trading a higher upfront cost for no monthly bill.