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Apex vs Lucid vs Tradeify vs MyFundedFutures: Which Prop Firm to Start With

May 30, 2026

Four of the largest Tradovate-routed prop firms — Apex, Lucid, Tradeify, MyFundedFutures — overlap heavily in their core offering: an evaluation phase, a funded phase, a trailing drawdown rule, and a payout structure. The differences are in the details, and the details determine which firm fits which trader.

This is a comparison guide, not an endorsement. Rules change frequently — verify current terms on each firm's own site before purchasing an evaluation. Numbers below reflect publicly available terms at time of writing.

Drawdown rules

Apex uses a trailing drawdown that locks at the safety net once you exceed starting balance + spread + buffer. Trailing spread is $2,500 on $50K accounts, $1,500 on $25K, $3,000 on $100K. The lock means once you're past the safety net, your floor freezes at the starting balance.

Tradeify uses a similar trailing rule with a slightly different lock point. Lucid uses a trailing rule that varies by program tier. MyFundedFutures uses a trailing rule with intraday and EOD components. The exact trailing rule is the single most important number to know before buying any evaluation — read the firm's rule page carefully.

Payout structure

Apex traditionally allows weekly payouts on Performance Accounts (PA) after a minimum number of trading days, subject to the consistency rule. Tradeify's payout cadence varies by program. Lucid and MyFundedFutures each have their own payout schedules with their own minimum-days and consistency conditions.

The variable that matters most: when can you first request a payout. Some firms gate the first payout behind 30+ funded days; others allow it after 5-10 days. If cashflow speed matters to you, this is a decisive comparison point.

Consistency rules

Most of these firms cap any single trading day's contribution to total profit at payout request — typically 30-40%. Cross the cap and the payout is denied (some firms also fail the account; others just deny the payout and let you continue).

The consistency rule changes how you structure your evaluation: spread gains across many days rather than concentrate them in one big day. A trader who routinely has one huge day per week needs to plan around this from day one.

Evaluation fees

Evaluation fees vary by firm and account size, and all four run aggressive promotional discounts. The list-price-vs-promo-price gap can be 50%+, so the cost-per-account decision is heavily driven by promo timing. Don't buy at list price unless you have to.

Which firm fits which trader

High-frequency scalper who has many small days: Apex or Tradeify (the trailing-drawdown lock at the safety net is favourable once you clear the buffer).

Swing-style trader who has fewer larger days: be cautious of any firm with a strict consistency rule; the per-day cap will limit you. Look for firms with a higher cap or different consistency mechanic.

New prop trader with smaller capital: the lowest-cost $25K or $50K evaluation with the cleanest drawdown rule. Apex $50K with promo pricing is a common starting point.

Multi-firm portfolio trader: stack across all four. Diversify the firm-rule risk. FundedNotes tracks every account in one dashboard regardless of which firm produced the trades.

Frequently asked questions

Which prop firm is best for beginners?

Most beginners start with Apex on a $50K account during a promo period — large enough to absorb learning losses, with a well-documented trailing-drawdown rule. But the "best" firm depends on your trading style and pace.

Can I run accounts on all four firms at the same time?

Yes, and many serious prop traders do. Each firm is independent — passing or failing an account on one has no bearing on the others. FundedNotes is built for this multi-firm reality.

How do payout rules differ between firms?

Payout cadence, minimum trading days before first payout, and consistency rules all vary. Some firms allow weekly payouts after 5-10 days; others require 30+ funded days before the first payout request. Check the current rules on each firm's site.

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