
Apex Trader Funding
🇺🇸 United StatesPost-4.0 Apex: one-time evaluation fees, 100% profit split from the first payout, and up to 20 parallel accounts.
- Max funding
- $3M
- Profit split
- up to 100%
- Payouts
- Weekly cycles
- Challenges from
- $118
- Funding models
- 1-step
- Platforms
- Tradovate, NinjaTrader, TradingView, Rithmic
- Headquarters
- 🇺🇸 United States
- Founded
- 2021
Our Apex Trader Funding review
Apex industrialized futures funding — near-permanent 80–90% discount codes, evaluations effectively costing ~$20–35, and up to 20 simultaneous funded accounts driven by copy trading. In March 2026 the firm rebuilt itself as "Apex 4.0": monthly subscriptions became one-time fees, the disputed MAE and 30%-consistency rules were removed, payouts were automated to 24–48 hours, and the split became a flat 100% from the first payout (legacy accounts: 100% of the first $25K, then 90%).
The 4.0 evaluation lets you choose your drawdown: classic intraday trailing (cheaper, but it follows peak open equity tick-by-tick) or end-of-day trailing with daily loss limits (pricier, far more forgiving). There are no minimum trading days, but a 30-calendar-day window with no resets. On funded accounts, a 50% consistency rule and a payout ladder apply — the first five payouts are capped, then caps lift entirely.
The overhang is history: the 2024–2025 era of subjective payout denials and "account under review" freezes still shapes the firm's reputation, and metals products have been suspended since March 2026. The self-reported $700M+ in cumulative payouts and a 4.5 Trustpilot across ~20,000 reviews suggest the machine mostly works — but read the payout policy twice and treat the horizontal-scaling math as the real product.
Pros & cons
Pros
- Effectively the cheapest entry in futures funding — permanent 80–90% discount codes
- 100% profit split from the first payout under Apex 4.0
- Up to 20 parallel funded accounts with copy trading — the strongest edge-multiplier in the industry
- Optional end-of-day trailing drawdown that ignores intraday unrealized wicks
Cons
- Legacy 2024–2025 payout-denial reputation still rebuilding
- $79–99 activation fee after passing isn't obvious from the cheap-eval marketing
- First five payouts are capped on a ladder; 50% consistency rule on funded accounts
- All metals products suspended indefinitely since March 2026
Good to know
- March 1, 2026 — "Apex 4.0": one-time fees replaced monthly subscriptions, the MAE and 30%-consistency rules were removed, an EOD drawdown option was added, and payouts were automated to 24–48 hours.
- 100% profit split from the first payout post-4.0 (legacy accounts: 100% of the first $25K per account, then 90%).
- March 14, 2026: all metals products (GC, SI, MGC, HG…) suspended indefinitely.
- Self-reported cumulative payouts passed $700M by April 2026; up to 20 simultaneous funded accounts with copy trading remain the core scaling play.
Challenge rules
| Program | Sizes | From | Target | Daily loss | Max loss | Min days | Time limit | Leverage |
|---|---|---|---|---|---|---|---|---|
| Evaluation $25K1-Step One-time fee; 80–90% discount codes run near-permanently (~$18–35 effective) | $25K | $118 | $1,500 | None (intraday) / $500 (EOD) | $1,000 trailing | None | 30 days | — |
| Evaluation $50K1-Step | $50K | — | $3,000 | None (intraday) / $1,000 (EOD) | $2,000 trailing | None | 30 days | 6 contracts (eval) → 4 (funded) |
| Evaluation $100K1-Step | $100K | — | $6,000 | None (intraday) / $1,500 (EOD) | $3,000 trailing | None | 30 days | — |
| Evaluation $150K1-Step Choose intraday trailing (counts open equity) or EOD trailing at checkout | $150K | — | $9,000 | None (intraday) / $2,000 (EOD) | $4,000 trailing | None | 30 days | — |
One-step evaluation with a one-time fee (since March 2026). Sizes: $25K ($1,500 target / $1,000 trailing drawdown), $50K ($3,000 / $2,000), $100K ($6,000 / $3,000), $150K ($9,000 / $4,000).
Choose your drawdown at checkout: intraday trailing (follows peak open equity tick-by-tick — unrealized profit counts) or end-of-day trailing (recalculates on closing balance only, adds a daily loss limit). 30 calendar days, no resets; no minimum trading days. Passing requires a one-time $79 (intraday) or $99 (EOD) activation fee.
Payouts & profit split
100% split from the first payout (post-4.0). Per cycle you need 5 profitable days meeting a minimum daily profit ($100–350 by size), a balance above the safety net, and compliance with the 50% consistency rule. Minimum withdrawal $500; the first five payouts are capped on a ladder, uncapped from the sixth. Automated processing in 24–48h via Plane/ACH.
Scaling plan
No balance scaling — Apex scales horizontally: up to 20 simultaneous Performance Accounts (~$3M combined at 20×$150K), with one leader account copy-trading up to 19 followers.
Apex Trader Funding on YouTube
Independent reviews and payout proofs — not produced by Apex Trader Funding or by us.
Apex Trader Funding Review 2025 | Pros & Cons Prop Trading Guide
Donte Trades 2 · YouTube
Apex Trader Funding Payout Proof
Trading With JesseW · YouTube
Apex Trader Funding Review: The '$16,500 Payout' Denial Exposed (2026)
Savage Reviews · YouTube
Apex Trader Funding: Rules, Payouts & My Honest Review
PJ Trades Clips · YouTube
Apex Trader Funding Review: $300K Account for $39 (Too Good to Be True?)
Connor Alexander Fx · YouTube
Frequently asked questions
Is Apex always 80% off?
Discount codes at 80%+ run nearly continuously — never pay list price. A $100K evaluation typically lands around $30.
What changed in Apex 4.0?
March 2026: one-time fees replaced subscriptions, the MAE and 30%-consistency rules were removed, an EOD drawdown option was added, payouts were automated to 24–48h, and the split became 100% from the first payout.
Is there a daily loss limit?
Only if you choose the end-of-day drawdown variant ($500–$2,000 by size). The intraday-trailing variant has no daily limit — just the trailing threshold and your own risk management.
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