SmartPropFirm Review

Apex Trader Funding emerges as one of the most rapidly expanding prop firms in the market. Positioned as a discount prop firm, Apex distinguishes itself by providing low-cost accounts and the unique opportunity to scale with up to 20 funded accounts. However, this growth potential is accompanied by more stringent rules. While the allure of affordable accounts may tempt some traders to over-leverage, it proves to be a double-edged sword. For those seasoned traders armed with a proven model and adept risk management skills, Apex Trader Funding can be an exceedingly lucrative prop firm.

Firm Overview

Apex Trader Funding’s distinctive proposition lies in offering traders the chance to amass significant profits through multiple accounts, all at a low cost. This unique feature positions Apex as an exceptional platform for individuals looking to maximize their earnings efficiently and effectively.

For those seeking evaluation, there is a monthly subscription cost. Funded Accounts, on the other hand, offer the flexibility of either monthly or lifetime subscriptions. The monthly subscription for funded accounts is set at $85 while the one-time payment varies depending on the size of the account. Notably, Apex does not allow traders to upgrade from a monthly to a lifetime subscription at any point. Resets on evaluations incur a $80 fee for all accounts.

Apex Trader Funding initiates the transition to Live Funded status for traders who consistently demonstrate commendable performance and maintain sound risk management practices over an extended period. This approach ensures that traders are elevated to live market conditions when they have proven their capabilities over time. It’s worth noting that Sim Funded accounts execute orders in a simulated market, while Live Funded accounts direct orders to the actual live markets.

Objectives: For Evaluation Phase

• Reach and maintain the profit target
• Consistency Target: None 
• Requires a minimum of 7 trading days

Failure:

• Do not allow your Account Balance to hit or exceed the Maximum Loss Limit

Account Types

Intraday Trailing Evaluation: intraday unrealized profit trailing drawdown


Static Evaluation: No trailing drawdown. Hard minimum balance without moving. (Note: After payout, the minimum balance is switched to +100 of starting balance. Not a true static after withdrawal)

Traders opting to use the Tradovate platform experience an approximate 20% uptick in fees across the board, encompassing evaluation, resets, and activation fees, compared to those using the Rithmic platform.

Payout Structure

Capped Payouts vary depending on the account size and type in the first 3 payout cycles.

4th Payout Cycle is uncapped.

Keep 100% of the first $25,000 PER ACCOUNT. 90/10 split after.

Minimum Payout Request is $500.

Two capped payouts each month

Requirement for Payouts:

• Threshold: Earn realized profits equal to drawdown + $100 to permanently remove max trailing drawdown.
• Trading Days: Requires 10 minimum trading days for every payout request.
• Consistency Rule: Stay below 30% highest profitable day of total accumulated profits.