HEADS UP: Prop firms change their plans and rules all the time, and tracking it all sometimes seems impossible. We try to stay current but can't guarantee every detail is up to date. See something wrong? Let us know!

Apex Trader Funding

Prop Trading Firm

Legal Company Name: Apex Trader Funding Inc.
Location: 2028 E Ben White Blvd, Suite 240, Austin, TX 78741, USA
Established: 2021 (5 years in business)
Leadership: Founder & CEO: Darrell Martin

Prop trading firm for Futures traders

Primary Market: Futures

Our Summary

Historically this was a larger firm that got too complicated - we previously threw up our hands at even trying to track all their plans/rules.  Recently though they just revamped into an "all new Apex" touting simplified plans claiming: 

  • EOD Drawdown
  • NO Payout Denials
  • NO MAE Rule
  • NO 5/1 Risk Reward Rule
  • Built In Scaling
  • 50% Consistency

These are very welcome changes!

Trading Plans

Explore each plan's phases, price, payout timing, and requirements.

Allowed Trading Instruments

This firm cannot accept traders from the below countries due to regulatory restrictions and compliance requirements.

Afghanistan
Algeria
Azerbaijan
Bahrain
Bangladesh
Belarus
Benin
Brunei
Burkina Faso
Burundi
Cameroon
Central African Republic
Chad
China
Cuba
Cyprus
Egypt
Eritrea
Gabon
Grenada
Guinea
Guinea-Bissau
Haiti
Iran
Iraq
Ivory Coast
Jersey
Jordan
Kazakhstan
Kenya
Kherson (occupied)
Kuwait
Latvia
Lebanon
Lesotho
Liberia
Libya
Madagascar
Maldives
Mauritania
Mauritius
Moldova
Mongolia
Morocco
Mozambique
Myanmar
Namibia
Nepal
New Caledonia
Nicaragua
Niger
Nigeria
North Korea
Oman
Pakistan
Palestinian Territories
Papua New Guinea
Qatar
Republic of the Congo
Reunion
Russia
Rwanda
Saint Pierre and Miquelon
Saudi Arabia
Senegal
Serbia
Somalia
South Africa
South Sudan
Sri Lanka
Sudan
Syria
Tanzania
Togo
Trinidad and Tobago
Tunisia
Turkey
Uganda
Ukraine
Uzbekistan
Vanuatu
Venezuela
Vietnam
Western Sahara
Yemen
Zambia
Zimbabwe
These commission schedules show the per-side or round-trip trading costs, including exchange-style fees, used to mimic what trading the same futures contracts would cost in a regular cash brokerage account.
Per-trade commissions and exchange fees vary by platform and instrument; see the platform commission schedules below.
General Policies
Algorithm & EA Policy
Algorithms and automated trading allowed, especially well-supported on Rithmic platform.
Algorithmic trading fully supported. Rithmic platform specifically designed for high-frequency and algorithmic trading. No restrictions on EAs or automated systems as long as they comply with general trading rules (no hedging, no exploitative strategies).
Copy Trading
Not allowed

Shared accounts, multiple-user access, and third-party trading are prohibited. Corporate accounts require majority (80%+) shareholder as the designated trader.

Microscalping Policy
No explicit microscalping rule; exploitative flipping/size-cycling behavior and high-frequency trading are prohibited.
Bots Policy

Automation is prohibited on Apex Performance Accounts. Fully automated systems, AI/autobots, hands-off set-and-forget trading, and high-frequency trading are not allowed.

Allowed Trading Hours
All trades must be closed before 4:59 PM ET. It is the trader's responsibility to ensure the account is flat before 4:59 PM ET. Apex will not take responsibility for trades left open through market close. Agricultural markets must be closed earlier: Livestock (HE, LE, GF): Must be flat by 2:05 PM ET. Grains & Oilseeds (ZC, ZW, ZS, ZM, ZL): Must be flat by 2:20 PM ET. All other markets (Equity, Currency, Energy, Micro, Crypto): Close at 5 PM ET.
Move to Live Criteria

Consistency constraints are stricter early in PA lifecycle: safety-net rule applies to first 3 approved payouts; 30% windfall consistency rule applies until the 6th payout or live-account transfer.

Rule Enforcement Notes

Key prohibited activities and risk management requirements for all accounts:

STOP LOSSES REQUIRED: All trades must have either pending or mental stop losses
and a well-defined risk management strategy.

NO HIGH-RISK STRATEGIES: Small profit targets with disproportionately large stop
losses are prohibited (e.g., 5-tick target with 150-tick stop).

NO USING DRAWDOWN THRESHOLD AS A STOP LOSS: Traders may not absorb large losses
by using the full trailing threshold as a stop-loss mechanism.

HEDGING PROHIBITED: All accounts must be traded directionally. Holding opposing
long/short positions simultaneously on the same or correlated instruments is
strictly prohibited. This includes: trading opposite directions in micro and mini
contracts of the same market, spread-trading correlated indices (e.g., long ES /
short YM), and holding opposing positions in correlated markets across multiple
accounts or within the same household.

NO STOCKPILING EVALUATIONS: Purchasing multiple discounted evaluations to cycle
through and intentionally blow up accounts in pursuit of windfall profits is not
permitted.

PROFESSIONAL STANDARDS: Strategies must be consistent with what the trader would
use in a personally funded account at a registered broker.

LEGACY RULES NO LONGER APPLICABLE TO NEW PLANS: The 5:1 risk-reward ratio rule,
30% maximum adverse excursion (MAE) rule, and the legacy half-contract scaling
rule do NOT apply to the new Intraday or EOD Trailing Drawdown accounts.
New plans use 50% payout consistency (not the legacy 30% windfall rule).

Refund Policy

No refunds for initial subscriptions, renewals, resets, add-ons, or errors. Automatic renewals every 30 days; cancel before renewal to avoid charges (no refunds if charged). Exception: Refund of evaluation renewal fee (not original fee) if account is passed before rebill date and Performance Account (PA) is activated within 48 hours.

Activation Fee Policy

PA activation supports monthly or one-time lifetime pricing (platform and account-size dependent). Once selected for an individual PA account, fee type cannot be changed.

VPN Policy
Prohibits VPN/proxy/cloud/anonymizing tool usage to misrepresent or conceal identity/location or to evade rules/restrictions.
Change Log
Current News / Promotions
Trading Platforms
Reviews
Trust Pilot
Rating: 4.4 / 5
Reviews: 17,260
Last checked: Feb 17, 2026
Evaluate Trustpilot reviews with a grain of salt: the platform is known to have fake review issues.
Languages Supported
0 languages
Help & Resources
Holiday Notes

Trading is allowed when the market is open (CME holiday schedule applies).
Half-day holidays do not count toward minimum trading day requirements.
On early-close holidays, positions must be manually closed by the holiday close time.

HEADS UP: Prop firms change their plans and rules all the time, and tracking it all sometimes seems impossible. We try to stay current but can't guarantee every detail is up to date. See something wrong? Let us know!
Risk & Affiliate Disclosure

Please manage risk carefully when using any prop firm. Trading involves substantial risk, and you can lose part or all of the money you spend on evaluations, subscriptions, or related services. Never invest money you cannot afford to lose.

Prop firm terms, payout policies, and account rules can change at any time, including updates that affect existing accounts. Always confirm current terms directly on the firm's official site before purchasing.

Some links and discount codes on this site may be affiliate links, which means Happy Dog Trading may receive a small commission if you choose to use them - at no cost to you - so please do use them and help support this site. Win win (-:

Commentary and reviews on these pages reflect our editorial judgment based on available public information, trader reports, researching community forums, and direct testing where applicable. Ongoing updates are published at happydogtrading.com.

Legal Notice
  • While we strive to provide accurate and up-to-date information, Happy Dog Trading is not liable for any errors, omissions, or inaccuracies in the data presented. Users should verify all information directly with the respective prop firm as the authoritative source of truth before making any decisions.
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