PA Explained

prop-firm

Definition

Performance Account (Apex's term for a funded account).

Explanation

A PA represents the live trading account you receive after successfully completing Apex's evaluation process. Unlike evaluation accounts, PAs allow you to withdraw profits and trade with the firm's capital. The account operates under specific rules regarding drawdowns, profit splits, and trading guidelines that you must maintain to keep your funded status.

Example

After passing evaluation, you receive a $100k PA with an 80/20 profit split, meaning you keep 80% of your trading profits while Apex takes 20%.

Why It Matters

This is your primary income-generating account where real money is made and withdrawn in prop firm trading.

Common Misconceptions

  • PA rules are the same as evaluation account rules

    Reality: PAs often have different drawdown calculations and may include additional requirements like consistency rules