- 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 deserves attention too: Apex charges a monthly subscription rather than a one-off challenge fee, so a long stretch without passing gets expensive. 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 absorb the subscription cost 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