Prop trading without the picky rules—Start your journey with Axi Select today!

Hi, this is Chartinfo. Today, I want to talk about prop trading.

When people think about prop trading these days, most probably think of Apex or NinjaTrader.

I’ve tried prop trading through Apex myself, but I quickly lost interest and quit.

The reason was Apex's excessive rules. There are three main ones:

1. 30% Consistency Rule — A hurdle when withdrawing When you request a withdrawal, your profit from a single day must not exceed 30% of your total profit. For example, if your total profit is $5,000, your maximum daily profit must be $1,500 or less. Even if you hit a jackpot, if that day exceeds 30%, your withdrawal will be blocked. However, this rule disappears after the 6th withdrawal or when you switch to a live prop account.

2. Hedging & One-Way Rule — Strictly Prohibited Hedging, which is holding long/short positions in both directions at the same time, is completely banned. This applies even to the same or correlated instruments. Also, strategies that place two-way orders during news events are prohibited. Violating this is a breach of contract and results in the immediate closure of all related accounts.

3. Forced Liquidation at 4:59 PM ET — The Technical Trap Apex has a system that automatically forces the liquidation of open positions and linked pending orders every day at 4:59 PM ET. This is a final safety net, so you shouldn't rely on it; you must manually cancel orders not linked to a position. If left unattended, your account may be liquidated.
   
   

There are many other rules, but just looking at the consistency rule and hedging makes you lose the will to trade, right? That’s why I had forgotten about prop trading for a while.

However, after learning about Axi Select, I decided to give prop trading another shot. With Axi Select, you just need to trade well without all those picky rules. There are a total of 6 stages, and in the final stage, you receive a $1 million investment from Axi.

Let me explain the terms

Your Profit Share: The percentage of the profit you make that you get to keep. It's 0% (no profit) for Seed and goes up to 80% for Pro M. The higher the stage, the more you take home.

Leverage: How many times your capital you can trade. Seed is up to 1:1000, and subsequent stages are fixed at 1:100.

Max Funding Multiplier: The maximum amount you can grow your account compared to the minimum margin. For example, if the multiplier is x25 in the Acceleration stage, you can manage up to $50,000 with a $2,000 margin.

📌 Criteria

Minimum Equity: The minimum amount that must remain in your account to maintain each stage. If it falls below this, you will be demoted or the account will be closed.

Edge Score: A trading skill score measured by Axi itself. It’s not just about the return rate; it comprehensively evaluates consistency, risk management, and win rate. Higher stages require a higher score (up to 90). This is essentially the most core passing criterion.

Profit Target / Allocation Account: The return rate you need to achieve to move to the next stage. Seed to Pro 500 is +7%, and Pro M is 0% (already at the top, so no target).

Stage Duration / Min. Days: The minimum number of trading days you must complete in that stage. Even if you reach the profit target early, you must stay for this period to advance. It's 30 days for Seed and 60 days thereafter.

Trades Per Stage: The minimum number of trades required to pass the stage. 20 for Seed, 40 for Incubation, and 50 for subsequent stages.

Maximum Loss: The maximum loss limit allowed for the account. Seed to Pro 500 is -7%, and Pro M is -10%. If losses exceed this, the account is immediately closed.

I really liked that profit sharing starts right from stage 2 and that there aren't picky rules like the consistency rule.

However, while you can start at Apex with just $20, Axi has a downside in that you have to deposit $500 of your own money into the account.

If you’re interested in Axi Select, sign up for Axi right now!

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