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Apex Trader Funding Review 2026: The Futures King, Explained

Apex is the largest futures prop firm by paid traders. Here's how the trailing threshold, PA account, and 90% split actually work.

PFS Editors · 2026-01-08 · 9 min read

Apex Trader Funding runs a one-step evaluation on Rithmic and Tradovate. You pick an account size ($25k, $50k, $75k, $100k, $150k, $250k, or $300k), hit the profit goal (roughly 6% of account), and stay above a trailing threshold drawdown that follows your unrealized peak until you're up by the threshold plus $100 — then it locks.

There is no daily loss limit and no minimum trading days on the evaluation. You can pass a $50k account in a single session if the market cooperates. Entry fees start at $147 for a $25k account and Apex runs 50–90% off promotions almost every month, which is where the real value comes from.

Once you pass, you get a Performance Account (PA). First $25,000 in profits per PA is split 100/0 in your favour, then 90/10 after that. You can hold up to 20 PAs at once and copy-trade across them — this is why serious Apex traders scale by stacking accounts, not by upsizing.

Payouts are bi-weekly with an 8-day minimum wait between the first payout and account activation. The trailing threshold locks after your first payout, converting to a static drawdown — this is the single most important rule to internalize before trading a PA.

Instruments are CME Group only: ES, NQ, YM, RTY, GC, CL, NG, and the micros. No forex, no crypto, no equities. Automated trading is restricted — Apex is a discretionary firm.

Verdict: unbeatable value on futures if you can wait for a 70%+ off promotion, which happens roughly every 30 days. The trailing threshold discipline is what separates funded Apex traders from washouts.

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