Review de Apex Trader Funding

My Experience With Apex Trader Funding

I traded on Tradovate and used code LAB at checkout, which is the Prop Firm Compare code. On current pricing a 50K end of day evaluation on the Standard plan comes to $59 with the code, down from $590, or $245 for a five pack at $49 each. When the whole point of the firm is running several accounts, the five pack is the obvious way in.

Apex is the firm that rewards scale more than any other, and the payout record on my accounts is a direct result of that. Twenty accounts means one good setup, traded the same way across all of them, produces twenty payouts rather than one. That is the whole argument for the firm, and it is why the August 2024 number looks the way it does.

It cuts both ways. Twenty evaluations cost twenty times as much, and twenty accounts can breach on the same bad session just as easily. Copy trading in the same direction across your own accounts is allowed, hedging between them is not, so the strategy has to be one you are willing to run at that width.

Apex now sells every account two ways. The Standard plan has a lower evaluation price and an activation fee once you pass. The No Activation Fee plan costs more upfront and nothing afterwards. If you expect to pass, the second option removes a cost you would otherwise pay later. If you are less sure, Standard keeps the money you risk on a failed evaluation lower. Both are one time payments with no recurring billing, which is a change from the Legacy accounts, which billed monthly until cancelled.

On the current structure, the evaluation is the easy part: no consistency rule, a one day minimum, and a pass available in a single clean session if you hit the target without touching drawdown. On a 50K end of day account that means $3,000 profit inside a $2,000 drawdown and a $1,000 daily loss limit, with 6 minis or 60 micros. Evaluations stay active for 30 days and cannot be reset, so a breach means buying a new one. The funded account is where the rules live. A 50% consistency rule applies, five qualifying days are needed before each payout, and each account is capped at six payouts on a stepped ladder. Current pricing and codes are on the Apex discount codes page, and the full lineup is on the challenges page.

My Payout Experience

On 31 August 2024, Apex approved $1,926,240 across my accounts in a single morning: 20 payouts of roughly $93,000 and 20 of $3,000. As far as I know that is the largest payout in prop firm history, and it is certainly the largest I have ever taken.

The part worth understanding is how it happened. Not one enormous trade, but the same approach repeated across 20 funded accounts, each one paying out on its own. The account cap is the product. Everything else about Apex, good and bad, follows from it.

Apex has since moved payouts onto an automated system with several withdrawal methods, and the current structure pays 100% of approved requests. What has also changed is the ladder: under the current rules each account caps at six payouts, with five qualifying days and a safety net required each time. My run predates all of that.

Payouts can take some time to land. They do pay, and they paid me more than any other firm I have used, but Apex is not the firm to choose if fast cash out is your priority. If it is, look at the comparisons further down.

That is my own record, not a promise of what anyone else will see, and it was earned under rules Apex has since replaced. Payout timing and eligibility now depend on your drawdown type, your qualifying days and where you sit on the payout ladder.

Payout verified — certificate of payment, $93,312 approved 31 August 2024, one of 40 payouts totalling $1,926,240.

Which Account Would I Choose?

Kane's Pick: end of day drawdown on the No Activation Fee plan, at whatever size you can afford to run several of

The drawdown choice matters more than the account size, and on a 50K it is a straight trade between price and model.

Intraday is less than half the price and has no daily loss limit. The catch is that the drawdown follows your unrealised profit in real time, so an open winner lifts your floor before you have banked anything. End of day only moves after the close, so a position that dips and recovers before the session ends does not cost you the account, though you can still breach it during the session if price moves past the existing limit.

I would still take end of day. The intraday model is the reason most traders who breach do so, and the price difference is small next to the cost of losing an account you have already passed.

On the fee plan, I would pay upfront and skip the activation fee if you are confident in your approach, since across several accounts those fees add up quickly. Size is a budget question. The real decision at Apex is how many accounts you run, since the firm is built around stacking them. Start with a number you could lose without it hurting, then scale once your approach survives a full payout cycle. Compare the sizes on the challenges page.

Who I Would Recommend Apex Trader Funding To

Choose Apex Trader Funding if you want to run several accounts at once and have a repeatable approach worth copying across them. Nothing else in the space scales like 20 accounts on a 100% split, and my own payout record is the evidence.

If you want one account with simpler rules and faster payouts, compare Lucid Trading or Tradeify. My main reason for recommending Apex is simple: it paid me $1,926,240 and never argued about it.