Apex 4.0 (March 1, 2026 overhaul): 1-step eval, choice of EOD trailing OR Intraday trailing drawdown, no daily loss limit on the Intraday EVALUATION (EOD eval has a fixed DLL of $500/$1K/$1.5K/$2K); once funded, BOTH PA types carry a tier-based DLL that grows with profit (25K $500→$1,250, 50K $1K→$3K, 100K $1,750→$3,500, 150K $2,500→$4K) — hitting it liquidates and pauses trading for the session, it is not a breach, profit target 6% of account, one-time eval fee replaces monthly subscription, 30-day deadline, 50% consistency rule on PA payouts (legacy was 30%), 100% payout split (no tier ramp), 5 qualifying days per payout cycle, $500 min payout, automatic payouts via Deel within 24-48h, per-payout dollar caps with a hard maximum of 6 payouts per PA (the PA closes after the 6th), up to 20 PAs held active at the same time.