Apex Trader Funding review
Details checked 27 Sept 2026. Always confirm current terms on the firm's site.
Our verdict
Apex Trader Funding is a Texas-based futures evaluation firm, founded in 2021, that rebuilt its rulebook in March 2026. Gold is traded as GC/MGC futures, and access to metals was suspended for part of 2026.
Apex Trader Funding is a futures-only firm based in Austin, Texas, founded in 2021. In March 2026 it launched a rebuilt rulebook, often called Apex 4.0, which dropped monthly subscriptions and several older rules. Traders now pay a one-off evaluation fee plus an activation fee on passing. A $50K end-of-day trailing account lists at $197 plus $99, though the firm runs discounts most of the time. Evaluations must be completed within 30 days, with no minimum number of days. Funded accounts pay 100% of profits within a fixed payout ladder. Each request needs five qualifying days, no single day may make up half or more of the profit, and each account closes permanently after its sixth payout. Gold is traded through CME futures (GC and MGC), not spot XAUUSD. Apex halted metals contracts in early 2026 because of volatility and margin changes, then restored them in May 2026, so availability can change at short notice. All positions must be closed by 4:59 PM ET, which rules out overnight and weekend gold trades, and automated trading is banned. Trustpilot shows 4.2 from about 21,000 reviews.
Pros
- Large futures firm with reported $500M+ paid out
- 100% split on new accounts
- Many platforms and data feeds
- No minimum trading days in evaluation
- Deep, frequent discounts
Cons
- Gold futures access was suspended for part of 2026
- Lifetime cap of 6 payouts per account
- No overnight holding and no automation
- 50% consistency rule on payouts
- Rulebook overhauled in March 2026, with legacy and new rules coexisting
Key facts
| Founded | 2021 |
|---|---|
| Headquarters | Austin, Texas, USA |
| Evaluation types | Evaluation - EOD Trail, Evaluation - Intraday Trail, Performance Account |
| Popular account | $50K EOD Trail |
| Fee | 197 evaluation + $99 activation (list; frequent promotions) |
| Profit target | Not verified in 2026 sources |
| Max daily loss | Daily loss limit applies on EOD model (amount not verified) |
| Max total loss | EOD trailing drawdown (amount not verified) |
| Minimum trading days | None |
| Time limit | 30 days |
| Profit split | 100% (accounts opened after 1 Mar 2026) (up to 100% within payout ladder caps) |
| Payouts | After 5 qualifying days per request; max 6 payouts per account (ladder e.g. $1,500 to $3,000 on 50K EOD) |
| First payout | After 5 qualifying days ($250/day on 50K EOD) |
| Platforms | Rithmic, Tradovate, WealthCharts, NinjaTrader, TradingView, Sierra Chart, Quantower |
| Broker / liquidity | Futures data/execution via Rithmic, Tradovate and WealthCharts |
| Gold (XAUUSD) allowed | Yes |
| Gold leverage | Futures contracts, not leverage (GC/MGC) |
| Gold restrictions | Metals were halted in early 2026 and restored in May 2026; may change with little notice. All positions must close by 4:59 PM ET (no overnight or weekend); SL/TP brackets required |
| EAs allowed | No (all trading must be manual; bots and scripts banned) |
| News trading | Allowed as part of normal strategy; straddling both sides banned |
| Accepts traders from India | Yes (India not on restricted list per PropFirmMatch) |
| Payment methods | Card (purchases), ACH / Plane (payouts) |
| Trustpilot | 4.2 from 21,133 reviews (checked 2026-09-27) |
Member reviews
Sources used for this review
- phidiaspropfirm.com/education/apex-trader-funding-4-0-explained
- tradecovex.com/guides/apex-payout-rules-2026
- curvedtrading.com/articles/en/reviews/apex-trader-funding-review/
- propfirmmatch.com/futures/prop-firms/apex-trader-funding
- trustpilot.com/review/apextraderfunding.com
- x.com/ApexTradeFund/status/2019203991385915698
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