Apex Trader Funding

Apex Trader Funding is a futures prop firm that sells one-time, 30-day evaluations in two drawdown models, End-of-Day (EOD) and Intraday Trailing Drawdown, each at $25,000, $50,000, $100,000 and $150,000, on Rithmic, Tradovate and WealthCharts. Passing leads to a Performance Account (PA) with a 100% payout split. Apex allows up to 20 active PAs per household, sets no limit on evaluation accounts, and sells No Activation Fee Evaluations on which the PA activation fee is $0; the help centre does not state the activation fee on a standard evaluation.

Every Apex evaluation has a 6% profit target ($3,000 on $50,000) and a maximum drawdown of $1,000 to $4,000 depending on size. On EOD accounts the drawdown is calculated once per trading day at market close, and the evaluation adds a daily loss limit of $500 to $2,000; Intraday Trailing Drawdown evaluations trail in real time and have no daily loss limit. There are no minimum trading days to pass, but evaluation access ends after 30 calendar days with no extensions, failed evaluations cannot be reset, and a passed evaluation must be activated as a PA within 7 calendar days. Rules that close accounts include holding positions past the 4:59 PM ET close, hedging on the same or correlated instruments, automated or algorithmic trading, high-frequency trading, account sharing, and news strategies that place orders on both sides.

Apex PA payouts can be requested up to weekly. Each request needs 5 qualifying trading days that meet a minimum daily profit, a 50% consistency rule on profit since the last approved payout, and at least $500, and a PA is closed after 6 payouts. US traders are paid by ACH direct deposit and traders elsewhere through Plane; Apex says most users receive funds within 5–11 business days. Evaluation and activation fees are not refundable. Intraday Trailing Drawdown PAs are closed without at least two $50 net profit days in 30 consecutive calendar days. The help centre pages read do not publish evaluation prices.