Apex Trader Funding review.
Two drawdown types, no minimum trading days and a 100% profit split - here is how the evaluations, the funded accounts and the payouts actually work, and what it costs after the discount.
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Apex Trader Funding runs futures evaluations in two flavours: intraday trailing and EOD drawdown, from 25K to 150K. There are no minimum trading days and no consistency rule in the evaluation, so a single good session can pass it. The funded side is where the rules tighten: a 50% consistency rule, a safety net you have to stay above, and 6 payouts before the account closes. The cheapest way in today is the 25K Intraday at $69 all-in.
FPF ratings
Pros and cons
Pros
- 100% payout split on approved payouts
- No minimum trading days in the evaluation
- No consistency rule during the evaluation
- Two drawdown types: EOD and intraday trailing
- Up to 20 performance accounts at once
- No daily loss limit on intraday evaluations
- All-in accounts with no activation fee to pay later
Cons
- Six payouts per PA, then the account closes
- 50% consistency rule kicks in on the funded side
- Intraday trailing moves on unrealized profit
- Funded accounts are simulated, not live capital
Evaluation rules
Same targets on both plans - the difference is how the drawdown moves and whether there is a daily loss limit.
| Size | Profit target | Max drawdown | Daily loss limit | Max contracts | Target / drawdown |
|---|---|---|---|---|---|
| 25K | $1,500 | $1,000 | None | 4 | $1,500 / $1,000 |
| 50K | $3,000 | $2,000 | None | 6 | $3,000 / $2,000 |
| 100K | $6,000 | $3,000 | None | 8 | $6,000 / $3,000 |
| 150K | $9,000 | $4,000 | None | 12 | $9,000 / $4,000 |
| Size | Profit target | Max drawdown | Daily loss limit | Max contracts | Target / drawdown |
|---|---|---|---|---|---|
| 25K | $1,500 | $1,000 | $500 | 4 | $1,500 / $1,000 |
| 50K | $3,000 | $2,000 | $1,000 | 6 | $3,000 / $2,000 |
| 100K | $6,000 | $3,000 | $1,500 | 8 | $6,000 / $3,000 |
| 150K | $9,000 | $4,000 | $2,000 | 12 | $9,000 / $4,000 |
What it costs
Every evaluation is 90% off with code FPF until November 10. There are two ways to pay: a cheap evaluation plus an activation fee when you pass, or an all-in account with nothing to pay later.
| Size | Eval price | Activation | All-in, two steps | All-in account |
|---|---|---|---|---|
| 25K | $16.70 | $89 | $105.70 | $69 |
| 50K | $24.90 | $99 | $123.90 | $79.90 |
| 100K | $79 | $129 | $208 | $99.90 |
| 150K | $119 | $149 | $268 | $189 |
| Size | Eval price | Activation | All-in, two steps | All-in account |
|---|---|---|---|---|
| 25K | $49 | $109 | $158 | $109 |
| 50K | $59 | $129 | $188 | $119 |
| 100K | $119 | $139 | $258 | $159 |
| 150K | $219 | $159 | $378 | $249 |
The funded account
Pass and you get a simulated funded account. It uses live market data and real rules, but the capital behind it is not live - that is standard across futures prop firms.
| Profit split | 100% |
|---|---|
| Accounts at once | Up to 20 |
| Payouts per account | 6, then it closes |
| Minimum payout | $500 |
| Consistency rule | 50% of profit since the last payout |
| Safety net | Drawdown limit + $100 |
| Time to activate | 7 days after passing |
| Inactivity rule | One day of $150+ profit every 150 days |
Payouts
Five qualifying days and a balance above the safety net unlock the first request. The cap climbs with each payout.
| Size | Min days | Min daily profit | Safety net | Min balance |
|---|---|---|---|---|
| 25K | 5 | $100 | $26,100 | $26,600 |
| 50K | 5 | $200 | $52,100 | $52,600 |
| 100K | 5 | $250 | $103,100 | $103,600 |
| 150K | 5 | $300 | $154,100 | $154,600 |
| Payout | 25K | 50K | 100K | 150K |
|---|---|---|---|---|
| #1 | $1,000 | $1,500 | $2,000 | $2,500 |
| #2 | $1,000 | $2,000 | $2,500 | $3,000 |
| #3 | $1,000 | $2,500 | $3,000 | $3,000 |
| #4 | $1,000 | $2,500 | $3,000 | $4,000 |
| #5 | $1,000 | $3,000 | $4,000 | $4,000 |
| #6 | $1,000 | $3,000 | $4,000 | $5,000 |
| Size | Min days | Min daily profit | Safety net | Min balance |
|---|---|---|---|---|
| 25K | 5 | $100 | $26,100 | $26,600 |
| 50K | 5 | $250 | $52,100 | $52,600 |
| 100K | 5 | $300 | $103,100 | $103,600 |
| 150K | 5 | $350 | $154,100 | $154,600 |
| Payout | 25K | 50K | 100K | 150K |
|---|---|---|---|---|
| #1 | $1,000 | $1,500 | $2,000 | $2,500 |
| #2 | $1,000 | $1,500 | $2,500 | $3,000 |
| #3 | $1,000 | $2,000 | $2,500 | $3,000 |
| #4 | $1,000 | $2,500 | $3,000 | $3,000 |
| #5 | $1,000 | $2,500 | $4,000 | $4,000 |
| #6 | $1,000 | $3,000 | $4,000 | $5,000 |
How the drawdown works
On the funded account the trailing stops once the threshold reaches your starting balance plus $100 - on a 50K that is $50,100, locked in once the balance closes at $52,100. Intraday trailing works the same way except it follows your peak in real time, open profit included, so a trade that runs up and gives it back has already moved your floor.
FAQ
Is the Apex performance account a live funded account?
No. The performance account is simulated. It runs on real market data and real rules, but the capital behind it is not live.
How many performance accounts can I hold at once?
Up to 20 at the same time, across every account type and size combined.
Can I pass the evaluation in one day?
Yes. There is no minimum number of trading days. Hit the profit target without breaking a rule and the evaluation is passed, and you then have 7 days after passing to activate the funded account.
What is the safety net?
It is your drawdown limit plus $100. Your balance has to stay above that line to stay eligible for payouts, and it stays in place for the life of the account - it does not disappear after the first payout.
What is the 50% consistency rule?
On the funded account, no single profitable day can be 50% or more of your total profit since the last approved payout. Go over it and the payout button does not appear, but the account stays open - keep trading until the share drops back under 50%.
Does hitting the daily loss limit close my account?
No. It stops you for the rest of the session and resets at the next open. Only breaching the drawdown threshold closes an account for good.
What happens after 6 payouts?
The performance account finishes its cycle and closes. To keep going you pass a new evaluation.
What is the difference between EOD and intraday trailing drawdown?
EOD drawdown is worked out once at the close and enforced through the next session, so your balance can swing intraday without moving it. Intraday trailing follows your highest balance in real time including open profit, so a new peak on an open trade lifts the threshold immediately.
What is the inactivity rule at Apex?
If 150 consecutive calendar days pass without a single trading day of $150 or more in net profit, the performance account is closed.
How much does Apex cost with code FPF?
Evaluations are 90% off until November 10. The cheapest way in is the 25K Intraday at $69 all-in, and every size is listed in the pricing table above.
Get an Apex account
Evaluations are 90% off with code FPF until November 10. The cheapest way in is the 25K Intraday at $69 all-in.
Get funded with ApexAffiliate disclosure: Funded Program Finder is an independent comparison site and is not affiliated with or endorsed by Apex Trader Funding. We may earn a commission when you buy through our links, at no extra cost to you, and it does not affect our ratings.
Accuracy: Rules, pricing and payout terms are set by Apex Trader Funding and can change at any time. Always check the firm's own site before you buy.
Risk: Trading futures involves substantial risk of loss and is not suitable for everyone. Past performance is not indicative of future results. Nothing here is financial advice.