Futures proprietary trading firm offering evaluation programs and performance accounts for qualifying traders.
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RTA RESEARCH
RTA Rating
4.1
/ 5
RTA Research Score
82
/ 100
RESEARCH COVERAGE
100
EVIDENCE CONFIDENCE
High
LAST VERIFIED
SUPPORTED MARKETS
Futures
TRADING PLATFORMS
Tradovate
Rithmic
WealthCharts
ACCOUNT / EVALUATION TYPES
EOD Trailing
Intraday Trailing
Category Scores
Evaluation & Funding Structure
14
/ 15
Drawdown & Risk Rules
17.5
/ 20
Payouts & Profit Rules
12
/ 15
Fees & Value
8.5
/ 10
Trading Conditions & Platforms
12
/ 15
Rules & Transparency
7.5
/ 10
Trader Experience & Support
3.5
/ 5
Business & Operational Transparency
7
/ 10
RTA Research Details
Evaluation & Funding Structure
Evaluation Model & Stages
3/3
Apex offers separate EOD and Intraday Trailing evaluations leading to simulated Performance Accounts, with a possible later move to Apex's live prop program.
Profit Target
3/3
Current 25K/50K/100K/150K evaluations use profit targets of $1,500/$3,000/$6,000/$9,000.
Minimum/Maximum Trading Days
2/2
There is no minimum number of trading days to pass; current evaluations have a 30-calendar-day access period.
Funding Transition
2.5/3
After passing, traders have 7 calendar days to activate the corresponding Performance Account.
Account Sizes & Options
2/2
Current EOD and Intraday plans are offered in 25K, 50K, 100K and 150K sizes across multiple platform choices.
Scaling/Growth Program
1.5/2
Performance Accounts use tier-based scaling for contract limits and Daily Loss Limits as account profit grows.
Drawdown & Risk Rules
Drawdown Type & Calculation
4.5/5
Apex offers both EOD trailing and real-time Intraday trailing drawdown models, with detailed explanations of how each threshold moves.
Daily Loss Limit
2.5/3
EOD evaluations have fixed Daily Loss Limits; Intraday evaluations do not. Performance Accounts use tier-based DLLs.
Drawdown Lock/Stop Behavior
2.75/3
In current Performance Accounts, the trailing threshold stops once it reaches starting balance plus $100.
Position/Contract Limits
2/2
Evaluation and PA contract limits are published, and PA limits scale by profit tier.
Account-Breach Rules
2.5/3
Touching the applicable drawdown threshold closes/fails the account; a PA Daily Loss Limit hit only pauses trading for that session.
News/Overnight/Weekend Risk Restrictions
1.5/2
Normal directional trading during news is allowed, but positions must be closed before the applicable market close and hedged news-gamble structures are prohibited.
Risk-Rule Clarity
1.75/2
Apex maintains dedicated help articles for EOD drawdown, intraday drawdown, DLLs, scaling and account closure conditions.
Payouts & Profit Rules
Payout Eligibility
2.5/3
Current EOD PAs require five qualifying trading days, account-size-specific minimum daily profits, safety-net balance and consistency compliance.
Consistency/Profit Distribution Rules
2.25/3
A 50% consistency rule applies to current EOD PA payouts; it affects payout eligibility rather than automatically breaching the account.
Payout Frequency
2/2
A payout may be requested after five qualifying trading days, allowing eligible traders to request payouts as often as weekly.
Minimum/Maximum Payouts
1.5/2
The minimum request is $500; current EOD PAs have account-size- and payout-number-specific maximums and a six-payout PA limit.
Profit Split
2/2
Approved payouts on current Performance Accounts use a 100% payout split.
Withdrawal Buffer/Minimum Balance
1/2
A permanent safety net equal to the account drawdown plus $100 must be maintained; only profit above it is payout-eligible.
Payout Transparency
0.75/1
Apex publishes payout thresholds, consistency, safety net, minimums and maximums in its help center.
Fees & Value
Evaluation Fee
1.5/2
Current evaluations are sold for a one-time fee with 30 calendar days of access and no automatic rebilling; pricing varies by configuration/promotion.
Activation/Funded Account Fee
1.5/2
Standard evaluations can require a one-time PA activation fee; Apex also offers No Activation Fee evaluation variants.
Reset/Renewal Fees
2/2
Current evaluations do not renew and cannot be reset; a failed or expired evaluation requires a new purchase.
Market Data/Platform Fees
0.75/1
Level 1 market data is included; optional DOM or additional feeds may incur separate provider charges.
Other Required Charges
0.75/1
No recurring evaluation subscription is required under current plans, but optional data/platform services and standard-plan PA activation can add cost.
Overall Fee Transparency
2/2
Apex separates one-time evaluation access, activation choices and optional data costs and states evaluation purchases are nonrefundable/nontransferable.
Trading Conditions & Platforms
Supported Markets/Instruments
2.75/3
Apex focuses on exchange-traded futures and publishes instruments across equity index, currency, energy, agriculture, metals, micro and crypto futures.
Trading Platforms
2/2
Current account setup supports Rithmic, Tradovate and WealthCharts configurations.
Execution Environment
2/3
Evaluations and Performance Accounts are simulated; Apex may separately select traders for its live prop program.
Trading Hours/Holding Rules
1.5/2
Most positions must be flat before 4:59 PM ET, with earlier closes for some agricultural contracts; trading resumes at 6 PM ET.
News Trading Rules
1.5/2
News trading is allowed when part of a normal directional strategy; two-sided gambling/hedging approaches around news are prohibited.
Strategy Restrictions
1.25/2
Apex prohibits hedging/correlated opposing positions, simulation exploitation, HFT and other prohibited conduct.
Automation/API Rules
1/1
Fully automated/algorithmic trading and HFT are prohibited on PA/live accounts under current rules.
Rules & Transparency
Rule Documentation Quality
2.5/3
Apex maintains detailed help articles for evaluations, PAs, drawdowns, DLLs, scaling, payouts and prohibited activities.
Rule-Change Transparency
1.25/2
Apex distinguishes current products from pre-March-1-2026 Legacy accounts and states Legacy rules remain applicable to those accounts.
Prohibited Trading Practices
1.25/2
Apex publishes a prohibited-activities policy covering hedging, automation, simulation exploitation, account sharing and market-close holding.
Payout Violation vs Account Breach Clarity
1.5/2
Apex distinguishes payout-eligibility rules such as 50% consistency from terminal breaches such as drawdown or prohibited hedging.
Terms Accessibility
1/1
Terms of Use, User Agreement, Risk Disclosure and detailed trading rules are publicly accessible online.
Trader Experience & Support
Support Availability & Channels
1.25/2
Apex provides a dedicated helpdesk portal for ticket submission, tracking and updates.
Dashboard/Account Monitoring
0.75/1
The Apex dashboard exposes evaluation/PA status, payout information and account-management functions.
Help Documentation
1/1
Apex has extensive account-type, platform, payout and rule documentation in its help center.
Dispute/Escalation Process
0.5/1
Support tickets provide a trackable channel, but public materials reviewed provide limited detail on a formal independent escalation or appeal structure.
Company Identity & Ownership
1.75/2
Apex identifies itself as Apex Trader Funding Inc., a Texas corporation headquartered in Austin, and identifies founder/CEO Darrell Martin.
Operating History
1.5/2
Apex states the funding company was founded in 2021 and provides background on founder Darrell Martin and predecessor education activities.
Business Model Disclosure
0.75/1
Apex discloses that evaluations and Performance Accounts are simulated and that traders may later be selected for a separate live prop program.
Legal/Regulatory Disclosures
1.5/2
Apex publishes Terms, a User Agreement and Risk Disclosure discussing its regulatory status and jurisdiction.
Material Enforcement/Legal History
0.75/2
RTA identified current federal civil litigation involving Apex; the existence of a complaint is not a finding of liability or wrongdoing.
Operational Transparency
0.75/1
Apex publicly documents current product structures, platform choices, payout mechanics, inactivity rules and live-program transitions.