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; for Bolt and Flex, MLL locks at initial balance plus $100.
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.