Apex Trader Funding
United Stateswww.apextraderfunding.com
Apex Trader Funding is a U.S.-based futures proprietary trading firm established in January 2021, offering 1-Step evaluations with account sizes ranging from $25K to $300K across its current and legacy product structures. Its strongest advantages are large account sizes, a very broad platform selection, a 100% profit split on the supplied current programs, multiple drawdown models, and an established Funded Sim/Performance Account structure. Apex also permits copy trading between accounts under the same user identity, allows news trading as part of a normal trading strategy, and does not require a minimum number of trading days to pass the evaluation. The main considerations are the firm's strict risk-management requirements, consistency rules, prohibition on hedging and automated execution, account-activation deadlines on certain plans, payout limits, safety-net requirements, and materially different rules between current and legacy products.
Challenge Programs
Intraday (Activation)
| Account | Steps | Target | Daily loss | Max Loss | Split | Price | |
|---|---|---|---|---|---|---|---|
| $25,000 | 1 Step | $1,500 | None | $1,000 (Intraday Trailing) | 100% | $167.00$16.70 | Buy |
| $50,000 | 1 Step | $3,000 | None | $2,000 (Intraday Trailing) | 100% | $249.00$24.90 | Buy |
| $100,000 | 1 Step | $6,000 | None | $3,000 (Intraday Trailing) | 100% | $399.00$39.90 | Buy |
| $150,000 | 1 Step | $9,000 | None | $4,000 (Intraday Trailing) | 100% | $599.00$59.90 | Buy |
EOD (Activation)
| Account | Steps | Target | Daily loss | Max Loss | Split | Price | |
|---|---|---|---|---|---|---|---|
| $25,000 | 1 Step | $1,500 | $500 | $1,000 (EOD Trailing) | 100% | $450.00$45.00 | Buy |
| $50,000 | 1 Step | $3,000 | $1,000 | $2,000 (EOD Trailing) | 100% | $550.00$55.00 | Buy |
| $100,000 | 1 Step | $6,000 | $1,500 | $3,000 (EOD Trailing) | 100% | $990.00$99.00 | Buy |
| $150,000 | 1 Step | $9,000 | $2,000 | $4,000 (EOD Trailing) | 100% | $1,890.00$189.00 | Buy |
No Activation - Intraday
| Account | Steps | Target | Daily loss | Max Loss | Split | Price | |
|---|---|---|---|---|---|---|---|
| $25,000 | 1 Step | $1,500 | None | $1,000 (Intraday Trailing) | 100% | $690.00$69.00 | Buy |
| $50,000 | 1 Step | $3,000 | None | $2,000 (Intraday Trailing) | 100% | $490.00$49.00 | Buy |
| $100,000 | 1 Step | $6,000 | None | $3,000 (Intraday Trailing) | 100% | $590.00$59.00 | Buy |
| $150,000 | 1 Step | $9,000 | None | $4,000 (Intraday Trailing) | 100% | $1,690.00$169.00 | Buy |
No Activation - EOD
| Account | Steps | Target | Daily loss | Max Loss | Split | Price | |
|---|---|---|---|---|---|---|---|
| $25,000 | 1 Step | $1,500 | $500 | $1,000 (EOD Trailing) | 100% | $990.00$99.00 | Buy |
| $50,000 | 1 Step | $3,000 | $1,000 | $2,000 (EOD Trailing) | 100% | $1,190.00$119.00 | Buy |
| $100,000 | 1 Step | $6,000 | $1,500 | $3,000 (EOD Trailing) | 100% | $1,590.00$159.00 | Buy |
| $150,000 | 1 Step | $9,000 | $2,000 | $4,000 (EOD Trailing) | 100% | $2,490.00$249.00 | Buy |
Legacy Rithmic
| Account | Steps | Target | Daily loss | Max Loss | Split | Price | |
|---|---|---|---|---|---|---|---|
| $25,000 | 1 Step | $1,500 | None | $1,500 (Intraday Trailing) | 100% | $167.00$16.70 | Buy |
| $50,000 | 1 Step | $3,000 | None | $2,500 (Intraday Trailing) | 100% | $197.00$19.70 | Buy |
| $100,000 | 1 Step | $6,000 | None | $3,000 (Intraday Trailing) | 100% | $297.00$29.70 | Buy |
| $150,000 | 1 Step | $9,000 | None | $5,000 (Intraday Trailing) | 100% | $497.00$49.70 | Buy |
| $250,000 | 1 Step | $15,000 | None | $6,500 (Intraday Trailing) | 100% | $597.00$59.70 | Buy |
| $300,000 | 1 Step | $20,000 | None | $7,500 (Intraday Trailing) | 100% | $697.00$69.70 | Buy |
Payment Methods
- Credit/Debit Card
Payout methods are a separate set: ACH and Plane. Availability may vary by trader location and payment provider.
Pros & Cons
CREDITS11
- U.S.-based futures prop firm established in January 2021
- Large operating history compared with many newer futures prop firms
- 1-Step evaluation structure
- Account sizes up to $300K across current and legacy products
- 100% profit split on the supplied current programs
- Extremely broad platform selection, including TradingView, NinjaTrader, Tradovate, Sierra Chart, Quantower, Bookmap, and ATAS
- No minimum evaluation trading-day requirement; evaluations can be passed in a single day
- News trading allowed as part of a normal strategy
- Copy trading between qualifying accounts under the same user identity is permitted
- Multiple account sizes and drawdown models
- ACH payout support
DEBITS15
- Strict risk-management requirements
- 50% consistency requirement on current products; legacy products use a stricter 30% rule
- Automated execution, EAs, bots, scripts, and macros are prohibited
- Hedging is prohibited
- News-gambling strategies are prohibited
- Copy trading is restricted to accounts under the same user identity
- Performance Accounts have specific profitable-day requirements for payouts
- Payouts are capped and subject to safety-net requirements
- Maximum of 6 payouts on the current Performance Account structure
- Performance Accounts have inactivity requirements
- Evaluation period is limited to 30 calendar days
- Some plans require Performance Account activation within 7 calendar days after passing
- Funded traders cannot trade within 2% of a price limit
- Traders may not use the trailing threshold as a stop-loss substitute
- Legacy products have materially different rules from current programs
Trading Rules
- Funding model is 1-Step, offered through current Standard/No-Activation Intraday and EOD products and Legacy Rithmic products
- No minimum trading-day requirement for the evaluation; it can be completed in a single day if the profit target is reached without violating drawdown rules
- Evaluation period is limited to 30 calendar days with no extensions; where an activation deadline applies, traders have 7 calendar days after passing to activate the Performance Account
- Current products: 50% consistency rule for payout eligibility — no single trading day may represent more than 50% of accumulated profit at the time of the payout request
- Legacy products: 30% consistency rule — no single trading day may account for more than 30% of the total profit balance; a separate Legacy 30% Negative P&L (MAE) rule limits live unrealized negative P&L on open trades to 30% of the account's starting-of-day profit balance
- Legacy products also apply a 5:1 risk-reward guideline and a One Direction Rule prohibiting simultaneous long and short exposure or non-directionally-biased two-sided order placement
- EOD: a fixed Daily Loss Limit applies each session during evaluation; hitting it pauses trading for the rest of the session without failing the account, while touching the EOD drawdown threshold (recalculated daily at 4:59:59 PM ET from the closing balance, trailing upward only) fails or closes the account; Performance Accounts use a tier-based DLL
- Intraday: no Daily Loss Limit applies during evaluation — risk is controlled by a real-time trailing threshold based on peak balance including unrealized profit, which never moves down and immediately liquidates positions and fails/closes the account if touched; Performance Accounts use a tier-based intraday DLL
- Drawdown stops trailing once it reaches starting balance + $100 on Performance Accounts; on Rithmic/WealthCharts evaluations it stops trailing once it reaches the target profit balance; on Tradovate evaluations it trails indefinitely with the peak balance
- Maximum evaluation contract size: 4 minis/40 micros (25K), 6 minis/60 micros (50K), 8 minis/80 micros (100K), 12 minis/120 micros (150K); Performance Account limits are reduced to 2/4/6/10 minis (20/40/60/100 micros) respectively
- Legacy maximum contract limits: 4 minis/40 micros (25K), 10 minis/100 micros (50K), 14 minis/140 micros (100K), 17 minis/170 micros (150K), 27 minis/270 micros (250K), 35 minis/350 micros (300K); traders are limited to half of the maximum until the EOD balance exceeds the trailing threshold (initial balance + trailing drawdown + $100), after which the full limit applies from the next session
- Traders may not trade funded accounts within 2% of a price limit
- Positions may not be held through market close where applicable product or account rules require closure
- VPNs, proxies, and anonymizing tools may not be used to evade rules, conceal violations, or facilitate misconduct
- Performance Account inactivity: at least 2 trading days with $50+ new profit are required within every rolling 30-day period; 15 days without qualifying activity triggers a dormant phase, and 30 consecutive days without meeting the requirement permanently closes the account and forfeits rewards and payout eligibility
Restricted strategies
Copy trading is permitted only across evaluation and Performance Accounts under the same Apex user ID and email, including copying from the trader's own external personal account; third-party copier software may be used at the trader's own risk, but copying between accounts registered to different users is prohibited. Signal and alert tools are permitted only when they do not interact with order execution.
News trading
- Restricted
Normal news trading is permitted as part of a trader's regular strategy, but traders may not chase news-driven volatility or place opposing positions on both sides of a release as a gambling strategy; news-related abuse can result in account restrictions or termination.
Payouts & Trading Costs
- Payout frequency
- Varies by product: current Standard/No-Activation Intraday and EOD Performance Accounts allow up to 6 payouts once winning-day and safety-net requirements are met; Legacy accounts require 8 trading days (at least 5 with $50+ profit) and use a graduated payout cap through the first 5 payouts.
- Processing time
- 5–11 business days
- Profit split
- Up to 100% — 100% profit split on current Standard/No-Activation Intraday and EOD Performance Accounts. Legacy accounts pay a capped amount for the first 5 payouts, then 100% of eligible profit from the 6th payout onward.
- Payout routing
- ACH or Plane
- Minimum withdrawal
- $500
- Trading costs
- Vary by instrument and platform
Trust & Safety
Apex Trader Funding was established in January 2021 and is a U.S.-based futures proprietary trading firm with a substantial presence in the futures funding market. It supports a very large range of established futures trading platforms and publishes detailed rules covering evaluation periods, drawdown enforcement, contract scaling, payouts, consistency, news trading, copy trading, automation, hedging, account access, and prohibited strategies.
- Legal entity
- Apex Trader Funding Inc. (USA)
- Regulated
- No
Apex Trader Funding operates as a proprietary trading program rather than a conventional regulated investment account. No specific regulatory license information was stated in the source material.
Traders need to distinguish between current Standard/No-Activation products and legacy accounts, since payout, consistency, contract, activation, and drawdown rules differ. Review the 50% consistency requirement, safety-net rules, payout caps, Performance Account inactivity requirements, 30-day evaluation period, 7-day activation deadline where applicable, automated-trading prohibition, hedging prohibition, and restrictions on trading around price limits and market close before purchasing.
Trading carries risk. Evaluation programs like this one involve simulated accounts and non-refundable fees; review the firm’s current terms directly before purchasing. This page is informational and not financial advice.