How Does Apex Trader Funding Work is a common question for futures traders exploring prop firms. Apex Trader Funding, founded in 2021 in the United States, has paid out more than $100 million to traders.
To participate, you need more than payout details. You need the full process: what Apex is, how the one-step evaluation works, the key rules, supported platforms and connections, account types, and how payouts fit in. This guide explains each piece in plain language so you can set realistic expectations and trade with a plan.
Apex Trader Funding is a futures prop firm that offers funded accounts after you pass a rules-based evaluation. You trade a simulated evaluation account under defined guidelines. If you pass, you move into a funded (performance) account tied to your evaluation size and can share in profits.
The model:
• Pay a monthly fee for a simulated evaluation account.
• Trade futures under Apex Trader Funding rules.
• Hit a profit target without breaking loss limits or other rules.
• If you pass, receive a funded/performance account.
• Trade the funded account and request payouts on a schedule.
This structure lets traders pursue scale with defined risk parameters and payout policies without funding a large personal futures account upfront.
How Does Apex Trader Funding Work can be viewed in five stages:
1. Choose an evaluation account size.
2. Trade the one-step evaluation and reach the profit target while following rules.
3. Manage the trailing threshold and loss limits to avoid a breach.
4. Transition to a funded/performance account if you pass.
5. Trade under ongoing rules and request payouts when eligible.
Understanding the evaluation and rules first makes the payout process easier later.
Apex uses a one-step evaluation: one phase with a profit target and risk limits. If you pass, you can be offered a funded/performance account.
Basics:
• Choose an account size with its own profit target and trailing threshold.
• Trade until you hit the target (pass) or break a rule (fail).
• One successful evaluation is enough.
• Follow daily and overall loss rules and other program restrictions.
Each evaluation size has a specific profit target. Apex may adjust numbers over time, but the structure is similar to these examples:
• $25,000 account: profit target around $1,500.
• $50,000 account: profit target around $3,000.
• $75,000 account: profit target around $4,250.
• $100,000 account: profit target around $6,000.
• $150,000 account: profit target around $9,000.
• $250,000 account: profit target around $15,000.
Smaller accounts usually mean tighter drawdowns and smaller position limits. Larger accounts require more profit but offer more room and higher sizing. Confirm current targets in the Apex dashboard or official site.
A key feature in Apex evaluations and many funded accounts is the trailing threshold (trailing drawdown/trailing max loss). It’s a moving risk line that controls how much the account can drop before it is breached.
How it works:
• Starts a set amount below starting balance/initial equity.
• Moves up as you make new equity highs, staying a fixed distance behind the peak.
• If balance touches or falls below the threshold, the account is breached, even if above the starting balance.
• In some account types, it may stop trailing at a certain level and become effectively static.
Practical implications:
• Track the threshold in your dashboard.
• Avoid large profit givebacks in one session.
• Manage sizing so normal pullbacks don’t trigger a breach.
To pass the evaluation and keep a funded account, you must follow Apex Trader Funding rules covering risk and trading conditions.
Common categories:
• Maximum daily loss.
• Overall drawdown (trailing threshold or static max loss).
• Position size/contract limits.
• News and timing restrictions (high-impact events/illiquid periods).
• Consistency guidelines to discourage one-off oversized trades.
Breaking rules can fail an evaluation or jeopardize a funded account even if you’re profitable. Check the rules in your dashboard and revisit regularly, since updates happen.
Apex accounts are accessed through supported platforms and connections. Platforms handle charting and order entry; connections/data feeds route orders and provide market data.
Common setups:
• NinjaTrader (platform): charting and order entry; connects via approved connections.
• TradingView (platform): web-based charting/trading; supports futures through compatible connections.
• Rithmic (connection): data feed and order routing used to link platforms (like NinjaTrader) to Apex accounts.
Before starting:
• Choose your primary platform.
• Confirm the required connection for Apex.
• Test orders and data in a low-pressure session.
Apex offers account styles that differ in how drawdown is applied.
Static accounts:
• Fixed max loss/drawdown that does not move.
• Often easier for strategies with normal pullbacks or longer holds.
Dynamic (trailing) accounts:
• Use a trailing threshold that rises with new equity highs.
• Allowed loss tightens after gains, requiring disciplined risk control.
General fit:
• Tight-drawdown day traders may prefer dynamic structures.
• Traders who expect deeper pullbacks often prefer static structures.
After you pass and trade a funded/performance account, payouts depend on meeting eligibility requirements and staying compliant with rules.
Key elements:
• Initial waiting period: may require a minimum time and/or minimum trading days before the first payout.
• Payout cycle: typically bi-weekly or monthly; missing cutoffs pushes requests to the next cycle.
• Minimum thresholds: you must meet a profit level before requesting a payout.
• Deductions: platform fees, data costs, and unpaid charges may be deducted.
• Compliance review: rule issues or close calls near limits can trigger review and delays.
Payouts are simplest when you trade consistently within limits and request withdrawals according to the schedule and thresholds in your dashboard.
• Recheck rules monthly for updates.
• Note trailing threshold and daily loss limits before each session.
• Avoid increasing leverage after big wins.
• Keep basic trade notes in case support asks about activity.
• Track payout request dates and cutoff times.
You pay for an evaluation, trade futures under rules, and aim to hit a profit target without violating loss or behavior limits. If you pass the one-step evaluation, you trade a funded/performance account and request payouts on a schedule once eligible.
It’s a moving max loss line that follows your highest equity point at a fixed distance. As equity makes new highs, the threshold rises. If balance reaches or drops below it, the account is breached.
Apex supports platforms like NinjaTrader and TradingView, depending on the account setup. These often connect through Rithmic or similar technology that provides data and order routing.
Static accounts have a fixed max loss. Dynamic accounts use a trailing threshold that rises with equity highs. Static is typically more forgiving for normal pullbacks; dynamic requires tighter drawdown control.
Targets vary by evaluation size. Examples include around $1,500 for a $25,000 account and roughly $6,000 to $9,000 for $100,000 to $150,000 accounts. Check Apex for current targets.
After passing the evaluation, you can request payouts once you meet minimum trading days, profit thresholds, and compliance requirements. Payouts follow set cycles, with fees deducted, and reviews may occur if rules were breached or questioned.
Yes. Exceeding loss limits, breaching the trailing threshold, or violating restrictions (such as news rules) can pause or cancel payout eligibility.
Most accounts require a minimum number of active trading days before withdrawals, even if you reach profit goals quickly.
When you know the one-step evaluation, trailing threshold, rules, platforms and connections, account types, and payout requirements, you can align your trading approach with the program.
Clarity on Apex Trader Funding rules and processes reduces mistakes and improves your chances of staying funded and payout eligible. If you want help comparing prop firms or matching strategies to specific rule sets, Prop Trading Authority offers resources to support informed decisions.
Remember, trading in futures and forex is super risky and not everyone should jump in. You could lose all the dough you put in so be smart about what you're risking. Make sure you've got enough backup cash that you won't be wrecked if it's gone. And just trade with that money, okay? Plus, don't think that just 'cause things went well (or not) before, they'll do the same in the future.
Hypothetical performance results accompany lots of possible limitations, some of which are; No certainty is achieved that an account will achieve profit or loss. There are regularly sharp contrasts between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the impediments to hypothetical performance results is that they are, for the most part, prepared with the benefit of the past. What's more, hypothetical trading doesn't imply financial risk, and no hypothetical trading can represent the effect of financial risk on actual trading. For instance, the capacity to endure losses or to stick to a specific trading program despite trading losses is a material point, which can likewise unfavorably influence genuine trading results. Various factors are likewise related to the market generally or to the implementation of any specific trading program that can't be completely accounted for in the execution of hypothetical performance results, all of which can unfavorably influence trading results. Likewise, testimonials seen on this website may not be delegated to other clients or customers and aren't an assurance of future performance or achievement.
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