Apex Trader Funding Review: Accounts, Rules, Payouts, and the PFT 90% Off Deal

Apex Trader Funding is a US-based futures prop firm that has been running evaluations since 2020, offering a single-step path to funded trading across five account sizes with a 100% profit split. This review breaks down the account structure, the trailing drawdown rules that trip up new traders, the payout mechanics, and how the PFT discount code changes the entry price.

What Is Apex Trader Funding

Apex Trader Funding is a United States-based futures prop firm that has been operating since 2020, founded by Darrell Martin. The firm is futures-only: it doesn't offer forex, stocks, or crypto challenges, and every account trades through one of two brokers, Rithmic or Tradovate. Traders can execute through Rithmic, Tradovate, NinjaTrader, WealthCharts, or TradingView, giving a reasonable spread of platform choice for futures traders who already have a preferred charting setup.

The account currency is USD, and Apex accepts credit or debit card payments for evaluation fees. Across the catalog, there are 22 distinct account configurations spanning five account sizes, $25,000, $50,000, $100,000, and $150,000, each split further by drawdown style and pricing tier. That range gives traders room to start small and scale up, or to jump straight into a larger size if their strategy already has a track record.

Account Types and Evaluation Structure

Every Apex account uses a 1-step evaluation. There's no separate funded verification stage after the initial challenge, which is a meaningfully faster path than firms running two-phase models. Once a trader hits the profit target while respecting the max loss (and daily loss, where applicable), the account moves to funded status.

Within each account size, Apex splits accounts by drawdown style: Intraday Trail and EOD Trail. Each of those comes in a "5x Standard" pricing tier (cheaper entry, lower upfront cost) and a standard-named tier at a higher price point. There are also "No Act Fee" versions of both Intraday and EOD Trail accounts, priced higher upfront in exchange for skipping a recurring monthly activation fee later in the funded stage.

Take the $50,000 size as an example. The profit target is $3,000 and max loss is $2,000 across every $50k variant. The EOD Trail versions add a $1,000 daily loss limit on top of that, while the Intraday Trail versions do not carry a separate daily cap. Pricing at $50k ranges from $95 for the 5x Standard Intraday Trail up to $445 for the 5x No Act Fee EOD Trail, before the PFT discount is applied.

Trading Rules: Profit Targets, Drawdowns, and Daily Loss

Profit targets and max loss scale directly with account size. At the $25,000 level, the profit target is $1,500 and max loss is $1,000. At the top end, the $150,000 accounts carry a $9,000 profit target and a $4,000 max loss. The max loss figure represents the trailing drawdown ceiling, meaning it tracks account equity as it rises rather than staying fixed at the starting balance, a detail that matters more than it looks on paper (more on that below).

The key structural difference between the two drawdown styles is the daily loss limit. EOD Trail accounts add a daily loss cap that scales with size, $500 at $25k, $1,000 at $50k, $1,500 at $100k, and $2,000 at $150k. Intraday Trail accounts do not carry this separate daily limit, which gives more flexibility for traders who need to hold through intraday swings, but it also means there's one less guardrail forcing discipline during a bad session.

On news trading, Apex permits a standard directional strategy through news events. What's restricted is running a multi-directional strategy during news windows, so traders using straddle-style or hedged approaches around scheduled releases need to plan around that rule rather than assume it's open season.

Building the Discipline to Pass the Evaluation

Trailing drawdown accounts are unforgiving in a specific way: because the max loss ceiling rises with account equity, a single oversized losing trade can eat into cushion that took multiple winning trades to build. Unlike a static drawdown model where the floor is fixed from day one, a trailing account punishes inconsistent position sizing more severely, since a large loss right after a run of gains still counts against the current, higher ceiling.

That makes risk-per-trade planning one of the most important skills to nail down before paying for an evaluation. Traders who consistently blow past profit targets on strong days but then give it back on losing days often have a sizing problem, not a strategy problem. Traders who struggle with consistency around profit targets and daily loss limits (on EOD Trail accounts especially) usually benefit from practicing structured risk management before committing an entry fee to a live evaluation attempt.

This is where a bit of preparation pays for itself. Chart Academy offers free video lessons on risk management and trading psychology that are worth working through before attempting an Apex evaluation, particularly for traders who haven't traded a trailing drawdown model before.

Payouts and Profit Split

Every account listed carries a 100% profit split, and payouts are processed weekly rather than monthly. That's one of the more trader-friendly terms in the funded account space, since traders keep the entirety of what they earn above the account's cost.

Payout requests can be made every 5 qualifying trading days, and those days don't need to be consecutive. A qualifying day requires hitting a minimum net profit tied to the specific account size and type, so the bar to count a day as "qualifying" is higher on larger accounts. The minimum withdrawal amount is $500 per request, regardless of account size.

Before a payout can be requested, account balance has to clear a safety net threshold built around the account's trailing drawdown amount plus a small buffer. In practice, this means a portion of profit has to sit above the drawdown line before it becomes withdrawable, so traders need to keep building equity past their max loss level, not just past their starting balance.

Each funded account allows a maximum of 6 payouts before it permanently closes, though traders aren't limited to one account: Apex allows up to 20 active accounts running simultaneously per household, which is a meaningful scaling opportunity for traders who want to spread risk and payout cadence across multiple funded accounts rather than a single one.

For payment rails, US-based traders use ACH and international traders use Plane. Payouts are typically reviewed and paid within 24 to 48 hours once requested, which is faster than many firms that batch payouts on a set monthly schedule.

Pricing and the PFT Discount Code

Here's the full account and pricing breakdown across all 22 configurations:

Every plan carries a 100% profit split and weekly payout schedule. Code PFT applies 90% off across nearly every plan on this list, and at the time of writing the EOD Trail $150k plan is running at 100% off. That makes the 5x Standard Intraday Trail tier the cheapest way into any given account size before the discount, while the No Act Fee versions cost more upfront specifically to remove a recurring monthly activation charge once funded. You can check current pricing and apply the code directly through Apex Trader Funding using PFT at checkout.

Who Apex Trader Funding Fits Best

Apex Trader Funding suits futures traders who want to skip a two-phase challenge structure and get to a funded decision faster through a single evaluation step. It also fits traders who want near round-the-clock market access, with a trading window that runs from 6 PM to 4:59 PM ET the following day.

Because every account uses a trailing drawdown rather than a static one, this firm is a better match for traders who already understand how a rising max loss ceiling behaves, or who are willing to learn that mechanic before funding an account rather than after. Traders looking to scale across multiple accounts also have room to do so, with up to 20 active accounts allowed simultaneously, which lets a trader diversify strategies or account sizes without switching firms.

Apex Trader Funding: Final Verdict

Apex Trader Funding's strongest points are straightforward: a 100% profit split on every account, weekly payout processing, a wide spread of account sizes from $25,000 to $150,000, and a steep discount through the PFT code that brings entry costs down substantially across the board.

The watch points are just as clear. Daily loss limits only apply to EOD Trail accounts, so Intraday Trail traders need to self-impose that discipline rather than rely on the platform to enforce it. The safety net requirement means a chunk of profit above the trailing drawdown has to be built before a payout is even requestable, and each funded account is capped at 6 payouts before it closes for good, requiring traders to open a new account to keep scaling.

Overall, this firm is best suited to futures traders who understand trailing drawdown risk, want a faster single-step path to funding, and value frequent payout cycles over the slower rhythm of a traditional two-phase evaluation model.

Frequently asked questions

Does Apex Trader Funding require a two-step evaluation?

No. All 22 account configurations use a 1-step evaluation. Once a trader reaches the profit target while staying within the max loss (and daily loss limit, for EOD Trail accounts), the account moves to funded status without a separate verification phase.

What's the difference between Intraday Trail and EOD Trail accounts?

Both use a trailing drawdown model with the same profit target and max loss at a given account size. EOD Trail accounts add a daily loss limit on top of that (for example $500 at $25k up to $2,000 at $150k), while Intraday Trail accounts do not carry a separate daily cap.

What profit split does Apex Trader Funding offer?

Every account listed carries a 100% profit split, with payouts processed on a weekly basis rather than monthly.

How does the PFT discount code work?

Entering code PFT at checkout applies 90% off the evaluation fee on nearly all listed plans. The EOD Trail $150k plan is currently discounted at 100% off. The affiliate link and code are available through the Apex Trader Funding signup page.

How often can I request a payout, and how long does it take?

Payout requests can be made every 5 qualifying trading days, which don't need to be consecutive. Minimum withdrawal is $500 per request, and payouts are typically reviewed and paid within 24 to 48 hours through ACH for US traders or Plane for international traders.

How many funded accounts can I hold at once?

Apex Trader Funding allows up to 20 active funded accounts simultaneously per household. Each individual account permanently closes after its 6th payout, so ongoing scaling usually means opening additional accounts over time.

Data as of 2026-07-30.

Risk disclaimer: Trading carries a substantial risk of loss and is not suitable for everyone. Prop-firm evaluations charge fees and most traders do not pass. Nothing here is financial advice; figures can change, so verify current terms with the firm before purchasing.

Affiliate disclosure: propfirmtrader may earn a commission if you sign up through links on this page, at no extra cost to you. This never affects our assessments.