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Apex Trader Funding

Austin, Texas, USA · Est. 2021 · Futures

futures-only focus with the largest pool of available account sizes in the category. 100% profit split on first $25,000 of profit per account before reverting to 90% — best take-home math at small scale.
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NinjaTraderTradovate (Rithmic-based)
Specs verified16 of 19

Apex Trader Funding score breakdown by dimension

66/100STRONG7.3/10Payout5.4/10Rules5.8/10Stability7.7/10Business7.5/10Platform5.6/10Cost

Score-limiting dimension

Rule Fairness

5.4/10 weighted average

  • drawdown model4/10
  • rule clarity7/10
  • pricing honesty3/10
  • rule consistency8/10

Showing the weakest dimension by default — tap or hover any node to inspect the others.

What can kill your account

Apex Trader Funding's biggest account-ending risks, with the evidence behind each.
  • Pricing honestyCritical3/10

    Resetting timers, perpetual “discounts”, or undisclosed add-ons inflate the real cost of getting and staying funded.

    ANY SIZE EVALS, UP TO 90% OFF - 90% OFF | USE CODE: COUPON "SAVENOW" ... Ends in: 6d 00h 39m. Configurator 25K Intraday eval: list $199.00 -> $19.90 (with Coupon Code). source

  • Drawdown modelElevated4/10

    How the account gets breached. Trailing or intraday drawdown can end your account on an open-trade swing — not only on realized losses.

    The threshold follows the account's highest intraday balance (Peak Balance) ... The threshold is enforced in real time, including unrealized PnL. Peak Balance includes both realized and unrealized gains. In Performance Accounts, trailing stops once Starting Balance + $100 is reached. (EOD Trail alternative, same price: calculated at market close on EOD balance = trailing-EOD/EOD-equity = rubric level 7.) source

  • Terms stabilityElevated5/10

    Frequent terms changes can move the goalposts on an account you are already trading under.

    You may have questions about legacy accounts from before March 1, 2026, and new accounts purchased after this date. ... No rules or program changes. No "retroactive" changes. Legacy Eval and PA accounts are not impacted. source

  • Payout capElevated5/10

    A cap limits what you can withdraw per cycle. On some firms, profit above the cap is delayed; on a few, it is voided outright.

    $100,000 EOD account maximum payout per request: Payout 1 $2,000; Payout 2 $2,500; Payout 3 $2,500; Payout 4 $3,000; Payout 5 $4,000; Payout 6 $4,000. The account is closed after the 6th payout. source

Derived from TraderVerdict's scored evidence for Apex Trader Funding. Each item is a TVSM-PF variable; lower scores indicate greater account risk. See the full breakdown and every source in the scorecard below.

Payout proofHigh confidence7.3/10

The scored payout evidence holds up across the board — payout risk is not the main thing to weigh here.

Lowest-scoring payout variable: payout cap — open the Specifications tab for the verbatim evidence behind the score.

Put it to the test

Run your own win rate and sizing against Apex Trader Funding's verified target, drawdown model, and payout cap — and see your real odds of reaching a first payout.

Run Apex Trader Funding through the Survival Calculator →

Apex Trader Funding — recent record

Material score moves from the append-only changelog, plus policy-document edits our nightly differ detected on the firm’s own pages. Full history on the changelog and the rule-change wire.

  • 2026-06-17scoreScore fell to 66.2 — drawdown_model 7->4: representative product = Intraday Trail (configurator default) — trailing-intraday on open/unrealized equity, floor at
  • 2026-06-17scoreScore rose to 66.2 — payout_split 9->10: standard split = 100% ("Approved payouts are issued at a 100% payout split") under New-Apex EOD payouts; per-request dol
  • 2026-06-17scoreScore fell to 66.2 — payout_speed 8->7: firm-stated only ("5 Days for Payouts. No Payout Denials"), no >=2 independent dated payout-receipt reports this pass; ru
  • 2026-06-17scoreScore fell to 66.2 — rule_clarity 8->7: rules individually clear but now span three product-line doc families (EOD/Intraday/Legacy) and post-2026-03-01 enforceme
  • 2026-06-17scoreScore rose to 66.2 — rule_consistency 7->8: 50% consistency = permissive (>40%) disclosed pre-purchase; news effectively permitted (anti-hedge restriction only);
  • 2026-06-17scoreScore rose to 66.2 — pricing_honesty NULL->3 (was imputed 1 in composite): UP TO 90% OFF perpetual coupon (code SAVENOW) + resetting countdown + multi-year rotat
  • 2026-06-17scoreScore fell to 66.2 — tos_stability 6->5: full product/rule relaunch 2026-03-01 plus documented 2024 payout-rule changes; mitigated by announced, explicitly non-r
  • 2026-06-17scoreScore fell to 66.2 — suspension_history 8->7: continuous operation under one name since 2021 (no operational suspension/rebrand) but a documented Aug-2024 payout
  • 2026-06-17scoreScore rose to 66.2 — financial_transparency 7->8: named verifiable owner/CEO Darrell Martin + clearly-explained model + self-published payout totals ($627.96M si
  • 2026-06-17scoreScore fell to 66.2 — fee_refundable 4->2: evaluation fee non-refundable, explicitly stated ("cannot be refunded, transferred, or changed ... is not a subscriptio

Primary sources

Every Apex Trader Funding variable score traces to a public, primary source. The full verbatim extract and verification date for each is in the Evidence tab above; the underlying documents are listed here.

Regulatory registers we cross-check

TVSM cross-checks each firm’s regulatory standing and any disciplinary history against these public registers as part of the stability and transparency assessment.

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