Apex Trader Funding Review

Apex Trader Funding at a Glance

What Is Apex Trader Funding?

Apex Trader Funding is the firm most associated with discount codes: its evaluations carry a list price that almost nobody pays, because sales of 50% to 90% run most of the year. The evaluation has no daily loss limit and no time limit, but its trailing threshold follows unrealised profit, which is the strictest form of trailing drawdown.

The firm has grown very large since 2021 and its payout rules have changed several times, with consistency requirements and caps on early payouts. Read the current payout policy rather than an older summary.

How the Apex Trader Funding Challenge Works

1. Buy an evaluation, usually with a discount code.
2. Reach the profit target over at least seven trading days without touching the trailing threshold.
3. Move to a performance account; keep 100% of the first $25,000 and 90% after.
4. Request payouts twice a month, subject to the consistency rule and early caps.

Challenge Options

• One-step evaluation, monthly fee

Challenge Fees

Monthly list price from about $147 for $25,000 to about $657 for $300,000, almost always discounted 50% to 90% with a code. Discounts are common across the industry; the fee guide explains how to compare them, and FrugalFX tracks current offers.

Profit Targets

$1,500 for $25,000 up to $20,000 for $300,000. The ratio between the target and the maximum loss is the best single measure of how hard a challenge is; the profit targets lesson explains why.

Drawdown Rules

Daily loss limit: None. Maximum loss: Trailing threshold from $1,500 to $7,500 by size, trailing on unrealised profit until it locks. Drawdown type: Trailing. A trailing drawdown follows your equity peak, so profit raises the floor; the guide on static versus trailing drawdown explains what that does to a strategy with wide open swings. Read the drawdown rules guide before paying for any evaluation.

Trading Rules

Platforms and Markets

Apex Trader Funding offers NinjaTrader, Tradovate, TradingView, Rithmic-connected platforms for trading futures. The platform reference pages compare the major platforms.

Funded Account

After passing, the funded account keeps the same loss limits and drops the profit target. Apex Trader Funding does not offer a free trial on record, so the first evaluation is the first contact with its rules. The funded accounts lesson explains what a funded account is and is not.

Profit Split

100% of the first $25,000, then 90%.

Payouts

Twice monthly after qualifying days, with caps in the early payouts. Payout terms decide how much of the split you actually see; the payouts guide lists what to check.

Scaling

Contract limits scale with balance.

Methodology Scores

Key Strengths

• Deep and frequent discounts
• No daily loss limit
• 100% of the first $25,000
• Multiple accounts allowed
• Large platform choice through Rithmic and Tradovate

Important Considerations

• Trailing threshold on unrealised profit
• Payout rules have changed often; consistency requirement applies
• Fully automated trading not allowed
• Futures only

Who Is Apex Trader Funding Suitable For?

Futures traders who take profit quickly, are comfortable with a trailing threshold and want the cheapest route to a large account through discounts.

Compare Apex Trader Funding

• Topstep vs Apex Trader Funding

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Frequently Asked Questions

Prop firm evaluations are paid tests; most attempts fail and fees are usually not refunded. Funded accounts are generally simulated and profit is real only when paid. Terms are the firm's at the last check and change without notice. We may earn a commission when you buy an evaluation through a link. Affiliate disclosure.