Futures 4.2

Apex Trader Funding Review

Apex Trader Funding is a futures prop firm that relaunched its evaluations on 1 March 2026. New evaluations are one time purchases in 25K, 50K, 100K and 150K sizes, with a choice of intraday trailing or end of day drawdown and of a Standard or No Activation Fee version. It sells 1 Step challenges from $246, traded on ATAS Orderflow Trading, Bookmap, Finamark, Jigsaw Daytradr, MotiveWave, NinjaTrader, Quantower, R Trader, TradingView, Tradovate, VolFix, Deepcharts and Other Platform.

US 5 years in operation CEO Darrel Martin Updated 11 November 2026 Rules checked 29 September 2026 Claim your firm

Platforms

  • ATAS Orderflow Trading
  • Bookmap
  • Finamark
  • Jigsaw Daytradr
  • MotiveWave
  • NinjaTrader
  • Quantower
  • R Trader
  • TradingView
  • Tradovate
  • VolFix
  • Deepcharts
  • Other Platform
Programs across 1 Step
4
Cheapest challenge
$246
Max. allocation
$6M

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Programs and Prices

4 programs, with the price at every account size.

1 Step Evaluation

4 programs, 25K to 150K
Apex Trader Funding 1 Step Evaluation, price by account size
Program 25K 50K 100K 150K Trade
Intraday Trail Standard (activation fee included) 100% split, $1,500 to $9,000 target, None in evaluation daily loss, $1,000 to $4,000 intraday trailing max loss $246 $338 $899 $1,329 Trade now
EOD Trail Standard (activation fee included) 100% split, $1,500 to $9,000 target, $500 to $2,000 in evaluation daily loss, $1,000 to $4,000 end of day trailing max loss $589 $709 $1,319 $2,339 Trade now
Intraday Trail (No Activation Fee) 100% split, $1,500 to $9,000 target, None in evaluation daily loss, $1,000 to $4,000 intraday trailing max loss $690 $799 $999 $1,890 Trade now
EOD Trail (No Activation Fee) 100% split, $1,500 to $9,000 target, $500 to $2,000 in evaluation daily loss, $1,000 to $4,000 end of day trailing max loss $1,090 $1,190 $1,590 $2,490 Trade now

Rules at a Glance

Daily and maximum loss limits for each program, as the firm sets them. The full rules below say how each limit is measured and what happens if one is broken.

Program Type Account sizes Profit split Profit target Daily loss limit Max loss limit From
Intraday Trail Standard (activation fee included) 1 Step 25K to 150K 100% $1,500 to $9,000 None in evaluation $1,000 to $4,000 intraday trailing $246
EOD Trail Standard (activation fee included) 1 Step 25K to 150K 100% $1,500 to $9,000 $500 to $2,000 in evaluation $1,000 to $4,000 end of day trailing $589
Intraday Trail (No Activation Fee) 1 Step 25K to 150K 100% $1,500 to $9,000 None in evaluation $1,000 to $4,000 intraday trailing $690
EOD Trail (No Activation Fee) 1 Step 25K to 150K 100% $1,500 to $9,000 $500 to $2,000 in evaluation $1,000 to $4,000 end of day trailing $1,090
Apex Trader Funding rules in full

Max DD Type

Chosen at purchase: EOD Trail or Intraday Trail, $1,000 (25K), $2,000 (50K), $3,000 (100K), $4,000 (150K). EOD: threshold recalculated once a day at 4:59:59 pm ET from the closing balance and enforced in real time; in evaluations it trails indefinitely on Tradovate and becomes fixed at the profit target balance on Rithmic and WealthCharts. Intraday: follows the peak balance, including unrealised profit, in real time. In Performance Accounts both types stop trailing at starting balance plus $100 (for example $50,100 on 50K).

Daily DD Type

Soft limit: positions are liquidated and trading pauses until the 6 pm ET reset; the account stays active. EOD evaluations: $500 (25K), $1,000 (50K), $1,500 (100K), $2,000 (150K), fixed. Intraday evaluations: none. Performance Accounts: tiered limit that rises with profit, for example 50K from $1,000 to $3,000 at $6,000 profit, and 150K from $2,500 to $4,000.

Consistency Rule

None in the evaluation. Performance Accounts: 50%, so no single profitable day may account for 50% or more of total profit since the last approved payout.

Minimum Trading Days

Evaluation can be passed in one day. Each payout needs five qualifying days with minimum profit of $100 (25K), $200 (50K Intraday) or $250 (50K EOD), $250 (100K Intraday) or $300 (100K EOD), $300 (150K Intraday) or $350 (150K EOD).

Time Limit

New evaluations are active for 30 calendar days from purchase and expire at 6 pm ET on day 30, with no extensions or resets. The Performance Account must be activated within 7 days of passing. An inactivity policy applies to Performance Accounts (terms not captured).

Leverage

Not applicable; evaluation limits of 4, 6, 8 and 12 minis (40 to 120 micros) and Performance Account maximums of 2, 4, 6 and 10 minis.

News Trading

Allowed with a normal directional strategy. News strategies that chase the market or place orders on both sides to gamble on the outcome are prohibited.

Holding Restrictions

All trades must be closed before 4:59 pm ET (agricultural futures earlier, from 2:05 pm ET); holding positions through the market close is prohibited.

EAs/Copy

No automation or algorithms allowed. Hedging of any kind (long and short on the same or correlated instruments), high frequency trading, non directional bracket trading and sharing or copying trades with other traders are prohibited. WealthCharts includes a built in trade copier for a trader's own accounts.

Commissions

Not captured.

Scaling rules

Scaling Plan

Performance Accounts use tier based scaling in which maximum contracts and the daily loss limit rise with profit, reviewed at market close: 25K from 1 to 2 contracts, 50K from 2 to 4, 100K from 3 to 6, 150K from 4 to 10. Up to 20 Performance Accounts per household (Legacy, Intraday and EOD combined); no limit on evaluations. Consistent traders may be invited to an Apex Live account.

Apex Trader Funding review

Rules and prices checked on 29 September 2026 against Apex Trader Funding’s own website and terms.

Apex Trader Funding is a futures prop firm that relaunched its evaluations on 1 March 2026. New evaluations are one time purchases in 25K, 50K, 100K and 150K sizes, with a choice of intraday trailing or end of day drawdown and of a Standard or No Activation Fee version. Profit targets run from $1,500 to $9,000 and the maximum drawdown from $1,000 to $4,000. There is no consistency rule in the evaluation, so it can be passed in one day, but each evaluation expires 30 calendar days after purchase and cannot be reset. End of day evaluations also carry a daily loss limit that pauses trading. After passing, Standard buyers pay a one time activation fee of $79 to $149. The Performance Account pays 100% of approved payouts. Each request needs five qualifying profit days, a balance above the drawdown plus $100, a 50% consistency ratio and a $500 minimum. Each account allows six payouts, capped between $1,000 and $5,000 per request, and then closes. Traders can hold up to 20 Performance Accounts and trade through Tradovate, Rithmic or WealthCharts. Evaluation list prices run from $167 to $2,490. With the activation fee included, Standard accounts total $246 to $1,329 on Intraday and $589 to $2,339 on EOD, while No Activation Fee accounts cost $690 to $2,490. The site showed a 90% coupon on the evaluation at the time of review.

Suits

Discretionary futures day traders who can pass within 30 days and want a 100% payout split across several accounts.

Less suited to

You trade with automation, want resets or more time to pass, or live in one of the more than 80 restricted countries and territories.

Pros

  • Approved payouts on the new Performance Accounts are paid at a 100% split.
  • The evaluation has no consistency rule and can be passed in a single day.
  • Traders choose end of day or intraday drawdown, and the funded drawdown stops trailing at the starting balance plus $100.
  • Up to 20 Performance Accounts can be held per household, with a choice of Tradovate, Rithmic or WealthCharts.
  • Evaluations are one time purchases with no monthly rebilling, and a No Activation Fee version is offered.

Cons

  • Each Performance Account allows six payouts, capped at $1,000 to $5,000 per request, before it closes.
  • Evaluations expire after 30 calendar days and cannot be reset.
  • Automated trading is not allowed, and hedging of any kind is prohibited.
  • List prices are high and rely on a large coupon, and Standard accounts add an activation fee of $79 to $149.
  • The restricted list covers more than 80 countries and territories, including South Africa, Nigeria, Egypt and Vietnam.

Verdict

Apex has rebuilt its offer around simpler rules. The new evaluations have no consistency requirement, the drawdown can be end of day or intraday, and the Performance Account pays 100% of each approved payout, with the firm stating that it does not deny or manually review payouts that meet the rules. Traders who run several accounts benefit from the 20 account limit and the WealthCharts trade copier.

The limits sit in the funded stage. Each Performance Account allows only six payouts, with caps of $1,000 per request on 25K and no more than $5,000 on 150K, after which the account closes and a new evaluation is needed. The 50% consistency ratio, the minimum profit days and a safety net of the drawdown plus $100 all apply before each request, and the tiered daily loss limit starts well below the maximum drawdown. Evaluations also expire after 30 calendar days with no resets, so a slow start cannot be rescued.

Pricing needs care. List prices are high, from $167 to $2,490, but the site applied a 90% coupon when reviewed, and Standard buyers then pay an activation fee of $79 to $149, which the coupon does not cover. Traders should compare the checkout total rather than the list price. Automated trading is banned outright, positions must be flat before 4:59 pm ET, and the restricted list covers more than 80 countries and territories, including South Africa, Nigeria, Egypt and Vietnam.

Apex suits discretionary day traders who can pass quickly, want a 100% payout split and like to run several accounts at once. It is a weaker fit for traders who rely on automation, need more than 30 days to pass, or want an account that keeps paying beyond six withdrawals.

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Payouts

Profit Split

100% of approved payouts on new Performance Accounts (no split in the simulated funded stage)

Frequency

Up to weekly: a request is possible after every five qualifying trading days. Maximum six approved payouts per Performance Account, after which the account closes.

First Payout

Balance must stay above the safety net (drawdown plus $100) and reach it plus the $500 minimum, for example $52,600 on 50K. Caps per payout: $1,000 on 25K for all six payouts; 50K $1,500 rising to $3,000; 100K $2,000 rising to $4,000; 150K $2,500 rising to $5,000 by the sixth payout.

Min. Payout

$500

Firm Details

CEO
Darrel Martin
Country
US
In operation
5 years
Trustpilot
4.2 out of 5
Platforms
ATAS Orderflow Trading, Bookmap, Finamark, Jigsaw Daytradr, MotiveWave, NinjaTrader, Quantower, R Trader, TradingView, Tradovate, VolFix, Deepcharts, Other Platform
Payment methods
Credit/Debit Card
Payout methods
ACH, Plane

Questions about Apex Trader Funding

How much does Apex Trader Funding cost?

New evaluations are one time purchases. List prices run from $167 for a 25K Intraday Standard account to $2,490 for a 150K EOD No Activation Fee account, and the site showed a coupon taking 90% off the evaluation at the time of review. With the activation fee included, a Standard account totals $246, $338, $899 or $1,329 on Intraday and $589, $709, $1,319 or $2,339 on EOD for 25K to 150K, which is how the price table above shows it. No Activation Fee accounts cost $690, $799, $999 or $1,890 on Intraday and $1,090, $1,190, $1,590 or $2,490 on EOD. Standard accounts add a one time activation fee when the Performance Account is activated: $79 to $139 for Intraday and $99 to $149 for EOD, by size. There are no resets on new evaluations.

What drawdown does Apex use?

Traders choose at purchase. The EOD drawdown is recalculated once a day at 4:59:59 pm ET and enforced in real time, while the intraday trailing drawdown follows the peak balance including open profit. Amounts are $1,000, $2,000, $3,000 and $4,000 by account size. In Performance Accounts, both types stop trailing once the threshold reaches the starting balance plus $100.

What is the Apex profit split?

Apex pays 100% of approved payouts on its new Performance Accounts. A payout can be requested after five qualifying profit days, with a minimum request of $500 and a balance above the drawdown plus $100. A 50% consistency ratio applies to profit since the last payout. Each account allows six payouts, capped between $1,000 and $5,000 each, after which it closes.

Does Apex have a daily loss limit?

Intraday evaluations have no daily loss limit. EOD evaluations have a fixed limit of $500, $1,000, $1,500 or $2,000 by size. All new Performance Accounts use a tiered limit that rises as profit grows, for example from $1,000 to $3,000 on a 50K account. Hitting the limit closes open positions and pauses trading until the 6 pm ET reset, without failing the account.

How long do I have to pass an Apex evaluation?

Each new evaluation is active for 30 consecutive calendar days from purchase, including weekends and holidays, and expires at 6 pm ET on day 30. There are no extensions and no resets, so a failed or expired evaluation must be bought again. The evaluation can be passed in one day, and the Performance Account must be activated within seven days of passing.

Can I use bots or trade news at Apex?

Automation and algorithms are not allowed, because rewards are meant for human traders. News trading is permitted with a normal directional strategy, but placing orders on both sides of the market or chasing price around a release is prohibited. Hedging of any kind, high frequency trading and sharing or copying trades with other traders are also banned.

Found something out of date? We checked Apex Trader Funding’s rules and prices on 29 September 2026. Firms change them often, so tell us if we’ve missed something. Report it

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