Apex Trader Funding review: what we like and what we don’t

Our verdict

Where Apex is strong, and where it isn’t

Apex’s EOD and Intraday evaluations are simple to start: one fee, a short rule list and no subscription. The harder part comes after you pass.

What we like

The costs are clear. An evaluation is one payment for 30 calendar days, with nothing to renew or cancel, and Apex’s price picker shows the activation fee for each size before you buy. Passing is a plain test: reach a 6% profit target without touching the max drawdown, with no minimum days and no consistency rule. Apex writes its rules down in detail, and approved payouts are issued at a 100% split.

What we don’t

Passing costs a second fee unless you paid more up front for a No Activation Fee evaluation, and a failed or expired evaluation can’t be reset, extended or refunded. After you pass, every payout request needs 5 qualifying days and has to meet the 50% consistency rule, and an account can receive at most 6 capped payouts before it closes. Every payout is at Apex’s discretion, and a few of its prohibited-activity rules are judgment calls.

Prices

What an Apex evaluation costs

At most two fees per account: the evaluation, paid once, and an activation fee, paid once if you pass. Coupon codes don’t apply to the activation fee.

Apex list prices as of Oct 22, 2026. Sale shown on Apex’s homepage on Oct 22, 2026.

Evaluation fee

$167 to $2,190 list, paid once

Access

30 calendar days, no monthly billing

Activation fee

$89 to $159, due within 7 days of passing or the pass lapses

Resets and refunds

None. A new attempt is a new purchase.

No Activation Fee evaluations

Same rules, $0 to activate, more up front: a 50K EOD lists at $1,190, against $590 plus $129.

Apex’s sale: 90% off all EOD, Intraday and Legacy evaluations and 5-packs until Oct 22, 11:59 PM ET. At that rate we estimate evaluations cost about $16.70 to $219, plus the activation fee if you pass. Apex’s checkout shows the final price.

If Apex is running a sale, its checkout shows the discount on the evaluation fee.

Rules

The rules, in brief

Every evaluation size has the same rules. The numbers scale with the account.

Profit target

6%, $1,500 to $9,000

Max drawdown

$1,000 to $4,000, EOD or Intraday

Daily loss limit

$500 to $2,000, EOD only. It pauses trading for the day.

Time

30 days, no minimum days

Every day

Flat before the market close: 4:59 PM ET for most contracts, earlier for agricultural futures and on CME holiday early-close days.

Not allowed

Hedging, automation, trading without a stop, and buying stacks of discounted evaluations to burn through them

An EOD drawdown is set at the close but enforced in real time. An Intraday drawdown follows your highest balance, open profit included. Our EOD vs Intraday guide compares the two.

After you pass, each day’s closing balance sets the next day’s contract limit and daily loss limit: a 50K starts at 2 contracts and can reach 4. A Performance Account closes if it has fewer than 2 days with $50 or more in net profit in any rolling 30-day window.

Apex’s homepage says its rules have “No Gray Area”, and most are numbers you can check. A few are judgment calls: its prohibited-activities page bans trading that “fails to demonstrate consistent growth and sustainability”. Breaking these rules can lead to probation or a closed account.

Payouts

Payouts, as Apex describes them

Performance Accounts are simulated. Apex calls Rewards discretionary and checks eligibility for each payout request.

Payout split

100% of approved payouts

Minimum request

$500

Per account

At most 6 payouts, each capped

Balance to request

$52,600 on a 50K, the safety net plus $500

Request after

5 qualifying days, each with a minimum net profit of $100 to $350, set by account size and type

Consistency

No single day may be 50% or more of your profit since the last approved payout.

Apex’s homepage advertises “No Payout Denials” for its new accounts. Its payout help pages say a request is denied automatically if your balance drops below the required minimum after you submit it. Its risk disclosure says Performance Account Rewards “are offered solely at Apex’s discretion, and any determination to grant or deny a Reward payout is final.”

Payout caps by account size

Each payout number has its own cap. The table shows the caps for payout 1 and payout 6, which are the same for EOD and Intraday accounts.

Caps are maximums set by Apex’s rules. They are not expected results.

Apex publishes a list of approved payouts, and its risk disclosure says payout examples “may not be typical or indicative of future results.”

Weighing it up

Pros and cons of Apex Trader Funding

These apply to Apex’s current EOD and Intraday plans. Legacy accounts follow older rules.

The company

About Apex Trader Funding

Apex is a futures-only evaluation firm. Every account you can buy from it is simulated.

On March 1, 2026, Apex replaced its old accounts with the EOD and Intraday plans covered here, which have no MAE rule and no 5:1 risk-reward rule. Legacy accounts bought before then keep their old rules and recurring billing until cancelled, and a cancelled one can’t be reinstated. Apex is now selling legacy evaluations again as a temporary offer, listed on its Legacy products page on Oct 13, 2026.

Apex’s risk disclosure says its services are not intended for residents outside the United States, yet its restricted-countries page says traders from over 100 countries can take part. That page lists the countries where Apex can’t open new accounts.

Fit

Who it tends to suit, and who it doesn’t

Apex’s rules favor hands-on day trading: flat before each day’s close, with profit spread over many days.

If you go ahead, choose the size and drawdown type that fit how you trade, and enter our affiliate code DLAB at checkout.

Method

How we review

This review is based on Apex’s published terms, not on trading results.

We read Apex’s help center, risk disclosure and website on Oct 13, 2026 and took the prices, rules and caps on this page from them. Our opinions compare trade-offs. We don’t score or rate Apex.