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Apex Trader Funding Review
A large US futures prop firm popular for frequent discounts, multiple accounts and a straightforward one-step evaluation.
Best for
- US futures traders
- Discount-driven sign-ups
- Multiple-account traders
Not best for
- You want forex/CFD prop trading
- You won't read the payout rules carefully
Our verdict & scoring
Apex Trader Funding is one of the biggest US futures prop firms by trader count, known for aggressive promotional pricing and allowing many simultaneous accounts (up to 20). Its March 2026 '4.0' overhaul standardised the rules: End-of-Day trailing drawdown by default (an intraday-trailing option remains), no minimum trading days, a 100% split on the first $25k of profit then 90/10, and a one-time activation fee ($79 intraday / $99 EOD) paid only when you pass. Popular and accessible, but read the 50% payout-consistency and 6-payout cap rules carefully.
Scores are based on our review methodology. Affiliate relationships do not buy higher ratings.
Pros
- Frequent, deep discounts
- Up to 20 accounts allowed
- Simple one-step evaluation, no minimum days
Cons
- Activation fee on funded accounts
- Payout/consistency rules have changed over time
- 6-payout cap ladder to manage
Fees & hidden costs explained
Monthly evaluation fee (frequently discounted); one-time funded-account activation fee of $79 (intraday) or $99 (EOD), paid only when you pass.
Safety, regulation & availability
Prop firms are not broker-regulated. Apex offers simulated evaluations and funded accounts under contract on supported futures platforms.
Account protection: No SIPC/FSCS — contractual funded-account arrangement.
Available to retail traders in:
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Frequently asked questions
Does Apex charge an activation fee?
Yes — after you pass, a one-time activation fee of $79 (intraday) or $99 (EOD) starts the funded account. The split is 100% on your first $25k of profit, then 90/10.
How many Apex accounts can I run?
Up to 20 funded (Performance) accounts simultaneously across all account types. Each must stay active with qualifying trading days or it can be closed.
Official sources
Risk warning: Trading stocks, options, futures, forex, crypto, CFDs and funded accounts involves risk. You can lose money. This website is educational only and does not provide financial, investment, tax or legal advice.
Funded trading programs have rules, fees, drawdown limits, payout conditions and restrictions. Read the provider's terms before buying a challenge or plan.
Affiliate disclosure: We may earn a commission when you click some links on our site. This does not cost you extra. Our comparisons are educational and transparent, and our rankings are not affected by commissions.