Apex Trader Funding — Futures Prop Firm Review
Apex Trader Funding offers excellent value for futures traders with its generous 100% profit split on first $25k, flexible news trading rules, and strong reputation backed by 18,000 reviews.
Apex Trader Funding stands out in the futures prop trading space with its trader-friendly approach that includes keeping 100% of profits up to $25,000 and frequent payouts every 5 trading days. The firm allows news trading while only prohibiting directional news scalping, giving traders more flexibility than many competitors. With a straightforward 6% profit target, minimal 1-day trading requirement, and support for up to 20 simultaneous accounts, Apex caters well to both new and experienced futures traders looking to scale their operations.
Apex uses a trailing intraday drawdown system that tracks your peak account balance throughout each trading day, including unrealized profits from open positions. For example, if you start with a $25,000 account and your balance peaks at $26,500 during the day (including open position profits), your new drawdown floor locks in at that level. This means your account equity can never fall below the original drawdown limit calculated from this new high, making it more restrictive than end-of-day systems but providing clear real-time risk boundaries.
Key Stats
Apex Trader Funding offers one of the most straightforward evaluation processes in futures prop trading, requiring just a 6% profit target with only 1 minimum trading day. The $85 activation fee provides good value considering the potential returns, though only the $25,000 account size pricing ($118) was available in our data. The evaluation can theoretically be completed in a single profitable trading session, making it accessible for skilled day traders looking to get funded quickly. Futures traders need to understand several key operational rules that differentiate Apex from other firms. All positions must be closed before the end of each trading session since overnight holding isn't permitted for most account types, and weekend trading is completely prohibited. The firm allows news trading which many competitors restrict, but specifically prohibits directional news scalping strategies. The consistency rule requires that your best single trading day cannot exceed 50% of your total profit when requesting a payout, encouraging steady performance over home-run trades. The trailing intraday drawdown system means you need to monitor your risk constantly during trading hours, as unrealized gains immediately adjust your maximum allowable loss. The platform selection is robust, offering NinjaTrader, Rithmic, Tradovate, TradingView, and Wealthcharts to suit different trading styles. The payout structure is among the most generous available, allowing traders to keep 100% of profits up to $25,000 before moving to a 90% split, with payouts available every 5 trading days. The ability to hold up to 20 accounts provides excellent scaling opportunities for successful traders. However, the trailing intraday drawdown system can be challenging for traders accustomed to more forgiving end-of-day calculations, and the overnight position restriction limits strategies that rely on holding futures contracts across sessions. The 4.4/5 trust rating from 18,000 reviews suggests strong trader satisfaction and reliable operations.
Futures-Specific Rules
Your max loss threshold trails your highest intraday equity—including open positions.