- Apex (founded 2021) is a US-based prop firm focused exclusively on futures.
- Payout eligibility every 5 qualifying trading days — roughly weekly at fastest, quicker than the industry’s 14-day norm.
- Traders can run up to 20 accounts in parallel, which helps spread evaluation risk.
- Current accounts (purchased on or after March 1, 2026) pay 100% of each approved payout, capped at six payouts per account.
Apex Trader Funding launched in 2021 and grew quickly inside the US futures niche. In our review, the combination of multiple accounts, fast payouts, and a flat 100% split makes it one of the more aggressive options in the futures space. That said, the futures-only scope means FX, CFD, and crypto traders should look elsewhere.
Strengths
- Payout eligibility every 5 qualifying trading days, among the fastest in futures prop trading.
- Up to 20 simultaneous accounts, useful for diversifying across strategies.
- 100% of each approved payout — though each payout is capped ($1,000 to $5,000 by size) and each account closes after six payouts.
- Platform support across Rithmic, Tradovate, NinjaTrader, and TradingView.
Accounts purchased before March 1, 2026 (Legacy) keep the older terms — 100% of the first $25K then 90%, on an 8-day cycle. See the Apex payout guide for both rule sets.
Concerns
The product is narrow by design. Futures-only means no FX, no CFDs, and no crypto, which limits portability of your strategy.
The cost structure changed on 1 March 2026: new purchases are a one-time fee with no recurring billing, and the firm states this plainly on its own site (“One Time Fees – No recurring billing”, checked 2026-08-21). The catch is different now — an evaluation stays active for 30 days, then expires, and cannot be reset. Legacy accounts bought before that date stay on monthly billing until cancelled. And because everything runs on US trading hours, the schedule is awkward for non-US residents.
How Apex compares
| Apex | Topstep | Earn2Trade | |
|---|---|---|---|
| Founded | 2021 | 2012 | 2016 |
| Payout cycle | 5 qualifying days (roughly weekly) | Weekly / monthly | Monthly |
| Trust tier (our review) | High | Highest | High |
In short, Apex is a good fit for active futures specialists who can settle an evaluation inside its 30-day window and capitalize on the multi-account structure. Traders who want FX or CFD exposure are better served elsewhere.
For FX or CFD coverage instead: The5%ers (coupon “HZZS4”) / FTMO. Note: on 2026-08-01 this site re-rated The5%ers from High to Low trust (★4.6→3.3) after the firm itself acknowledged payout delays in March 2026; if you use it, keep the ticket small.
Speech and review clauses (checked 21 August 2026)
Apex’s public Terms of Use contain no clause restricting criticism on review sites. One caveat: the evaluation and PA contracts presented at checkout sit behind a login and could not be reviewed, so “none found” here covers the public document only. The 18-firm comparison is in our Review-Restriction Tracker.