How the rules differ
Drawdown. Apex Trader Funding: EOD path uses $1K/$2K/$3K/$4K EOD drawdown; intraday path has separate trailing rules. FundedNext Futures: EOD trailing MLL, recalculated daily off the account's highest balance reached (rises with profit, never declines on losses); for Bolt and Flex, MLL locks at initial balance plus $100, all other models lock at initial balance. Resets to the initial account balance after a Performance Reward withdrawal.
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. FundedNext Futures: Flex performance reward: up to 50% accumulated profit after 5 benchmark days, $250 minimum, caps $1.5K/$2.5K/$4K, 80% split or 90% with add-on.
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. FundedNext Futures runs a Challenge purchase with model-specific add-ons model — 80% default split can move to 90% with add-on; payout caps and benchmark-day rules vary by model.