Founded in 2021 and based in Austin, Texas, Apex Trader Funding is a U.S.-based proprietary trading firm specializing in futures markets. Traders complete a one-step evaluation (demo account) and, upon passing, receive a funded live account. They offer account sizes from $25K to $300K across Rithmic, Tradovate, and proprietary WealthCharts systems
Key Features & Structure
One-Step, No Time Limit Evaluation
Profit target (e.g., $3K on $50K account).
Minimum 7 trading days required; no overall time limit
Risk Rules
No daily drawdown limits.
Trailing maximum loss ~30%.
Max single trade gain/loss ~30% of account
Profit Split & Payments
100% profit share up to first $25K, then 90% thereafter
Bi-monthly payouts with no cap on total withdrawals
Platform & Instruments
Trade futures: indices, currencies, agri, energy via Rithmic/Tradovate/NinjaTrader
Allows algo trading and copy-trading up to 20 accounts
Monthly Fees
Ranges approx. $147–$399/month depending on account size; includes data & platform fees.
Advantages
Flexible Evaluation & Funding
No deadline pressure; you control pace. Live funded trading after passing.Generous Profit Share
Up to 100% on initial gains, then 90%—top in the industry.Diverse Instruments & Algo Support
Broad futures markets, NinjaTrader access, multi-account management.Fast, Uncapped Payouts
Bi-monthly schedule, no withdrawal caps, safety nets for early payouts .Highly Rated Reputation
4.5/5 on Trustpilot with over 11K reviews; strong positive sentiment.
Disadvantages & Criticisms
Rule Changes & Enforcement Issues
Some traders have complained about retroactive rule enforcement and blocked withdrawals. One user shared:“My payout request … was denied … due to the sudden retroactive enforcement of a DCA rule that wasn’t actively enforced at the time”.
Support Delays & Account Lockouts
Others reported slow responses, unexplained lockouts, or ID-verification failures leading to account closure.Limited Historical Track Record
A relatively young firm (est. 2021) means shorter trust history than older prop shops.
Summary Table
| Feature | Details |
|---|---|
| Evaluation | One-step, no time limit, 7-day min trade |
| Profit Targets | E.g., $3K on $50K account |
| Risk Rules | ~30% max drawdown, 30% single trade limit |
| Profit Share | 100% first $25K, then 90% |
| Payouts | Bi-monthly, uncapped, with safety nets |
| Fees | $147–$399/month (varies by plan) |
| Platforms | Rithmic, Tradovate, WealthCharts/NinjaTrader |
| Instruments | Futures: indices, currencies, ag, energy |
| Support | 24/7 live chat, email, phone (9–5 CST) |
| Reputation | 4.5/5 on Trustpilot (~11K reviews) |
Who Is It Best For?
Apex suits:
Experienced futures traders familiar with risk controls and platforms.
Algo/trend followers using automated strategies.
Traders preferring flexible evaluation timelines and high profit-share models.
Caution & Considerations
Check the latest official rules regularly—enforcement may change.
Start small and test support responsiveness early.
Monitor your account and document everything (trades, payouts, support tickets).
Final Thoughts
Apex Trader Funding offers a compelling blend of flexibility, strong profit sharing, and platform capability alongside a growing positive reputation. However, occasional complaints about rule changes and payout delays are red flags worth noting.
If you’re an experienced, disciplined trader comfortable with futures markets and careful about rule changes, Apex could be a smart choice—but approach with caution, document fully, and start small.
Your Turn:
Are you considering futures prop trading? I’d love to know your biggest checks or concerns about firms like Apex.
FAQs
Can I have multiple accounts?
Yes, you can have multiple active evaluation accounts and funded accounts. Many traders scale up using bulk discounts and manage several funded profiles simultaneously.
What happens if I fail the evaluation?
You can reset your account by paying a fee or re-subscribe for the next billing cycle. There's no penalty beyond the subscription cost.
Does Apex offer any discounts or sales?
Yes! Apex frequently runs 90% off promotions, especially around holidays. These massive discounts make it one of the most affordable prop firms to try.
