Futures prop firm
Apex Trader Funding
We model 4 Apex Trader Funding plans at 25K, 50K, 100K and 150K: EOD (no activation fee), Intraday (no activation fee), EOD (with activation fee) and Intraday (with activation fee). At 50K, its best fit among our example strategies is the news trader, where the Intraday 50K (with activation fee) ranks 7 of 29 by expected value: $487 per attempt, with a 9% chance of taking home $2,500 in the first three months funded.
Links marked * are paid: we earn a small commission if you sign up through them at no extra cost to you. Our rankings come from the simulations, never from commissions. How we make money
50K accounts
EOD 50K (no activation fee)
Rules
| Evaluation price | $1,190 one-time list price; usually $119 in the firm's regular sale |
|---|---|
| Activation fee | None |
| Profit target | $3,000 |
| Drawdown (evaluation) | $2,000 end-of-day trailing, never locks |
| Drawdown (funded) | $2,000 end-of-day trailing |
| Daily loss limit | $1,000 (pauses the day) |
| Consistency | Evaluation: None. Funded: Best day ≤ 50% of profit |
| Profit split | 100% |
| First payout needs | 5 winning days of $250+ · $2,100 buffer kept in the account · minimum $500 · cap $1,500 |
More rules: minimum days, later payouts, news, contracts and conduct
| Minimum trading days | 1 |
|---|---|
| Later payouts | 5 winning days of $250+ between payouts · caps $1,500, $2,000, $2,500, $2,500, $3,000 (last repeats) · 6 payouts, then the account closes or moves to live |
| News trading | Allowed |
| Max contracts (minis) | 6 |
| News blackout window | None |
| Micro-scalping rule | None |
| Copy trading | Own accounts only |
| Max funded accounts | 20 |
| Hedging | Not allowed |
| Max loss per trade | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
100% split on new PAs. First payout capped at $1,500; max 6 payouts per PA. Priced on the "No Activation Fee" option: a dearer evaluation, then no fee to activate the PA. Same trading and payout rules as the Standard option. The evaluation expires after 30 days. Typical price is the 90%-off coupon price, rounded.
How it plays by strategy
Ranked against all 29 50K accounts by EV per attempt: what one attempt is worth on average once fees are paid. Higher is better; below zero means the fees outweigh the expected payouts.
| Strategy | Rank | EV per attempt | Chance of $2,500 |
|---|---|---|---|
| Scalper | 28 of 29 | $94 | 3% |
| Momentum day trader | 18 of 29 | $420 | 9% |
| Home-run hitter | 15 of 29 | $428 | 9% |
| Steady grinder | 27 of 29 | $239 | 5% |
| News trader | 11 of 29 | $428 | 8% |
Pass and payout rates
| Strategy | Pass | Paid at least once | Average paid |
|---|---|---|---|
| Scalper | 16% | 57% | $1,334 |
| Momentum day trader | 35% | 51% | $1,548 |
| Home-run hitter | 35% | 52% | $1,543 |
| Steady grinder | 22% | 58% | $1,635 |
| News trader | 35% | 51% | $1,577 |
Paid at least once and average paid are per funded account, over its first three months.
These are our example strategies, not your trading: your own numbers can rank firms quite differently. 12,000 simulated attempts per strategy, each funded account traded for three months. How the examples were set · Try your own numbers
Intraday 50K (no activation fee)
Rules
| Evaluation price | $799 one-time list price; usually $80 in the firm's regular sale |
|---|---|
| Activation fee | None |
| Profit target | $3,000 |
| Drawdown (evaluation) | $2,000 intraday trailing, never locks |
| Drawdown (funded) | $2,000 intraday trailing |
| Daily loss limit | $1,000 (pauses the day) |
| Consistency | Evaluation: None. Funded: Best day ≤ 50% of profit |
| Profit split | 100% |
| First payout needs | 5 winning days of $200+ · $2,100 buffer kept in the account · minimum $500 · cap $1,500 |
More rules: minimum days, later payouts, news, contracts and conduct
| Minimum trading days | 1 |
|---|---|
| Later payouts | 5 winning days of $200+ between payouts · caps $2,000, $2,500, $2,500, $3,000, $3,000 (last repeats) · 6 payouts, then the account closes or moves to live |
| News trading | Allowed |
| Max contracts (minis) | 6 |
| News blackout window | None |
| Micro-scalping rule | None |
| Copy trading | Own accounts only |
| Max funded accounts | 20 |
| Hedging | Not allowed |
| Max loss per trade | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
Intraday trailing: the floor follows unrealized peaks, which punishes trades that go green then reverse. Priced on the "No Activation Fee" option: a dearer evaluation, then no fee to activate the PA. Same trading and payout rules as the Standard option. The evaluation expires after 30 days. Typical price is the 90%-off coupon price, rounded.
How it plays by strategy
Ranked against all 29 50K accounts by EV per attempt: what one attempt is worth on average once fees are paid. Higher is better; below zero means the fees outweigh the expected payouts.
| Strategy | Rank | EV per attempt | Chance of $2,500 |
|---|---|---|---|
| Scalper | 25 of 29 | $144 | 4% |
| Momentum day trader | 17 of 29 | $432 | 9% |
| Home-run hitter | 22 of 29 | $290 | 6% |
| Steady grinder | 25 of 29 | $297 | 6% |
| News trader | 8 of 29 | $457 | 9% |
Pass and payout rates
| Strategy | Pass | Paid at least once | Average paid |
|---|---|---|---|
| Scalper | 16% | 54% | $1,403 |
| Momentum day trader | 32% | 45% | $1,618 |
| Home-run hitter | 26% | 38% | $1,401 |
| Steady grinder | 22% | 55% | $1,729 |
| News trader | 32% | 45% | $1,693 |
Paid at least once and average paid are per funded account, over its first three months.
These are our example strategies, not your trading: your own numbers can rank firms quite differently. 12,000 simulated attempts per strategy, each funded account traded for three months. How the examples were set · Try your own numbers
EOD 50K (with activation fee)
Rules
| Evaluation price | $590 one-time list price; usually $59 in the firm's regular sale |
|---|---|
| Activation fee | $129 |
| Profit target | $3,000 |
| Drawdown (evaluation) | $2,000 end-of-day trailing, never locks |
| Drawdown (funded) | $2,000 end-of-day trailing |
| Daily loss limit | $1,000 (pauses the day) |
| Consistency | Evaluation: None. Funded: Best day ≤ 50% of profit |
| Profit split | 100% |
| First payout needs | 5 winning days of $250+ · $2,100 buffer kept in the account · minimum $500 · cap $1,500 |
More rules: minimum days, later payouts, news, contracts and conduct
| Minimum trading days | 1 |
|---|---|
| Later payouts | 5 winning days of $250+ between payouts · caps $1,500, $2,000, $2,500, $2,500, $3,000 (last repeats) · 6 payouts, then the account closes or moves to live |
| News trading | Allowed |
| Max contracts (minis) | 6 |
| News blackout window | None |
| Micro-scalping rule | None |
| Copy trading | Own accounts only |
| Max funded accounts | 20 |
| Hedging | Not allowed |
| Max loss per trade | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
100% split on new PAs. First payout capped at $1,500; max 6 payouts per PA. Priced on the "Standard" option: cheaper evaluation, then a one-time PA activation fee. Typical price is the 90%-off coupon price, rounded. The evaluation expires after 30 days.
How it plays by strategy
Ranked against all 29 50K accounts by EV per attempt: what one attempt is worth on average once fees are paid. Higher is better; below zero means the fees outweigh the expected payouts.
| Strategy | Rank | EV per attempt | Chance of $2,500 |
|---|---|---|---|
| Scalper | 26 of 29 | $133 | 3% |
| Momentum day trader | 16 of 29 | $435 | 9% |
| Home-run hitter | 14 of 29 | $442 | 9% |
| Steady grinder | 26 of 29 | $270 | 5% |
| News trader | 10 of 29 | $443 | 8% |
Pass and payout rates
| Strategy | Pass | Paid at least once | Average paid |
|---|---|---|---|
| Scalper | 16% | 57% | $1,334 |
| Momentum day trader | 35% | 51% | $1,548 |
| Home-run hitter | 35% | 52% | $1,543 |
| Steady grinder | 22% | 58% | $1,635 |
| News trader | 35% | 51% | $1,577 |
Paid at least once and average paid are per funded account, over its first three months.
These are our example strategies, not your trading: your own numbers can rank firms quite differently. 12,000 simulated attempts per strategy, each funded account traded for three months. How the examples were set · Try your own numbers
Intraday 50K (with activation fee)
Rules
| Evaluation price | $249 one-time list price; usually $25 in the firm's regular sale |
|---|---|
| Activation fee | $79 |
| Profit target | $3,000 |
| Drawdown (evaluation) | $2,000 intraday trailing, never locks |
| Drawdown (funded) | $2,000 intraday trailing |
| Daily loss limit | $1,000 (pauses the day) |
| Consistency | Evaluation: None. Funded: Best day ≤ 50% of profit |
| Profit split | 100% |
| First payout needs | 5 winning days of $200+ · $2,100 buffer kept in the account · minimum $500 · cap $1,500 |
More rules: minimum days, later payouts, news, contracts and conduct
| Minimum trading days | 1 |
|---|---|
| Later payouts | 5 winning days of $200+ between payouts · caps $2,000, $2,500, $2,500, $3,000, $3,000 (last repeats) · 6 payouts, then the account closes or moves to live |
| News trading | Allowed |
| Max contracts (minis) | 6 |
| News blackout window | None |
| Micro-scalping rule | None |
| Copy trading | Own accounts only |
| Max funded accounts | 20 |
| Hedging | Not allowed |
| Max loss per trade | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
Intraday trailing: the floor follows unrealized peaks, which punishes trades that go green then reverse. Priced on the "Standard" option: cheaper evaluation, then a one-time PA activation fee. Typical price is the 90%-off coupon price, rounded. The evaluation expires after 30 days.
How it plays by strategy
Ranked against all 29 50K accounts by EV per attempt: what one attempt is worth on average once fees are paid. Higher is better; below zero means the fees outweigh the expected payouts.
| Strategy | Rank | EV per attempt | Chance of $2,500 |
|---|---|---|---|
| Scalper | 24 of 29 | $186 | 4% |
| Momentum day trader | 14 of 29 | $462 | 9% |
| Home-run hitter | 19 of 29 | $324 | 6% |
| Steady grinder | 24 of 29 | $335 | 6% |
| News trader | 7 of 29 | $487 | 9% |
Pass and payout rates
| Strategy | Pass | Paid at least once | Average paid |
|---|---|---|---|
| Scalper | 16% | 54% | $1,403 |
| Momentum day trader | 32% | 45% | $1,618 |
| Home-run hitter | 26% | 38% | $1,401 |
| Steady grinder | 22% | 55% | $1,729 |
| News trader | 32% | 45% | $1,693 |
Paid at least once and average paid are per funded account, over its first three months.
These are our example strategies, not your trading: your own numbers can rank firms quite differently. 12,000 simulated attempts per strategy, each funded account traded for three months. How the examples were set · Try your own numbers
25K accounts
EOD 25K (no activation fee)
Rules
| Evaluation price | $1,090 one-time list price; usually $109 in the firm's regular sale |
|---|---|
| Activation fee | None |
| Profit target | $1,500 |
| Drawdown (evaluation) | $1,000 end-of-day trailing, never locks |
| Drawdown (funded) | $1,000 end-of-day trailing |
| Daily loss limit | $500 (pauses the day) |
| Consistency | Evaluation: None. Funded: Best day ≤ 50% of profit |
| Profit split | 100% |
| First payout needs | 5 winning days of $100+ · $1,100 buffer kept in the account · minimum $500 · cap $1,000 |
More rules: minimum days, later payouts, news, contracts and conduct
| Minimum trading days | 1 |
|---|---|
| Later payouts | 5 winning days of $100+ between payouts · cap $1,000 · 6 payouts, then the account closes or moves to live |
| News trading | Allowed |
| Max contracts (minis) | 4 |
| News blackout window | None |
| Micro-scalping rule | None |
| Copy trading | Own accounts only |
| Max funded accounts | 20 |
| Hedging | Not allowed |
| Max loss per trade | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
Priced on the "No Activation Fee" option: a dearer evaluation, then no fee to activate the PA. Same trading and payout rules as the Standard option. The evaluation expires after 30 days. Typical price is the 90%-off coupon price, rounded.
How it plays by strategy
Ranked against all 24 25K accounts by EV per attempt: what one attempt is worth on average once fees are paid. Higher is better; below zero means the fees outweigh the expected payouts.
| Strategy | Rank | EV per attempt | Chance of $1,250 |
|---|---|---|---|
| Scalper | 22 of 24 | $98 | 8% |
| Momentum day trader | 12 of 24 | $223 | 11% |
| Home-run hitter | 11 of 24 | $229 | 11% |
| Steady grinder | 21 of 24 | $209 | 11% |
| News trader | 7 of 24 | $251 | 12% |
Pass and payout rates
| Strategy | Pass | Paid at least once | Average paid |
|---|---|---|---|
| Scalper | 25% | 51% | $835 |
| Momentum day trader | 40% | 44% | $828 |
| Home-run hitter | 40% | 45% | $843 |
| Steady grinder | 31% | 50% | $1,015 |
| News trader | 40% | 45% | $894 |
Paid at least once and average paid are per funded account, over its first three months.
These are our example strategies, not your trading: your own numbers can rank firms quite differently. 12,000 simulated attempts per strategy, each funded account traded for three months. How the examples were set · Try your own numbers
Intraday 25K (no activation fee)
Rules
| Evaluation price | $690 one-time list price; usually $69 in the firm's regular sale |
|---|---|
| Activation fee | None |
| Profit target | $1,500 |
| Drawdown (evaluation) | $1,000 intraday trailing, never locks |
| Drawdown (funded) | $1,000 intraday trailing |
| Daily loss limit | $500 (pauses the day) |
| Consistency | Evaluation: None. Funded: Best day ≤ 50% of profit |
| Profit split | 100% |
| First payout needs | 5 winning days of $100+ · $1,100 buffer kept in the account · minimum $500 · cap $1,000 |
More rules: minimum days, later payouts, news, contracts and conduct
| Minimum trading days | 1 |
|---|---|
| Later payouts | 5 winning days of $100+ between payouts · cap $1,000 · 6 payouts, then the account closes or moves to live |
| News trading | Allowed |
| Max contracts (minis) | 4 |
| News blackout window | None |
| Micro-scalping rule | None |
| Copy trading | Own accounts only |
| Max funded accounts | 20 |
| Hedging | Not allowed |
| Max loss per trade | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
Priced on the "No Activation Fee" option: a dearer evaluation, then no fee to activate the PA. Same trading and payout rules as the Standard option. The evaluation expires after 30 days. Typical price is the 90%-off coupon price, rounded.
How it plays by strategy
Ranked against all 24 25K accounts by EV per attempt: what one attempt is worth on average once fees are paid. Higher is better; below zero means the fees outweigh the expected payouts.
| Strategy | Rank | EV per attempt | Chance of $1,250 |
|---|---|---|---|
| Scalper | 21 of 24 | $117 | 7% |
| Momentum day trader | 15 of 24 | $170 | 8% |
| Home-run hitter | 18 of 24 | $72 | 4% |
| Steady grinder | 20 of 24 | $225 | 10% |
| News trader | 12 of 24 | $183 | 8% |
Pass and payout rates
| Strategy | Pass | Paid at least once | Average paid |
|---|---|---|---|
| Scalper | 24% | 46% | $766 |
| Momentum day trader | 33% | 37% | $723 |
| Home-run hitter | 23% | 32% | $616 |
| Steady grinder | 31% | 47% | $961 |
| News trader | 33% | 38% | $758 |
Paid at least once and average paid are per funded account, over its first three months.
These are our example strategies, not your trading: your own numbers can rank firms quite differently. 12,000 simulated attempts per strategy, each funded account traded for three months. How the examples were set · Try your own numbers
EOD 25K (with activation fee)
Rules
| Evaluation price | $490 one-time list price; usually $49 in the firm's regular sale |
|---|---|
| Activation fee | $109 |
| Profit target | $1,500 |
| Drawdown (evaluation) | $1,000 end-of-day trailing, never locks |
| Drawdown (funded) | $1,000 end-of-day trailing |
| Daily loss limit | $500 (pauses the day) |
| Consistency | Evaluation: None. Funded: Best day ≤ 50% of profit |
| Profit split | 100% |
| First payout needs | 5 winning days of $100+ · $1,100 buffer kept in the account · minimum $500 · cap $1,000 |
More rules: minimum days, later payouts, news, contracts and conduct
| Minimum trading days | 1 |
|---|---|
| Later payouts | 5 winning days of $100+ between payouts · cap $1,000 · 6 payouts, then the account closes or moves to live |
| News trading | Allowed |
| Max contracts (minis) | 4 |
| News blackout window | None |
| Micro-scalping rule | None |
| Copy trading | Own accounts only |
| Max funded accounts | 20 |
| Hedging | Not allowed |
| Max loss per trade | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
Priced on the "Standard" option: cheaper evaluation, then a one-time PA activation fee. Typical price is the 90%-off coupon price, rounded. The evaluation expires after 30 days.
How it plays by strategy
Ranked against all 24 25K accounts by EV per attempt: what one attempt is worth on average once fees are paid. Higher is better; below zero means the fees outweigh the expected payouts.
| Strategy | Rank | EV per attempt | Chance of $1,250 |
|---|---|---|---|
| Scalper | 20 of 24 | $131 | 8% |
| Momentum day trader | 10 of 24 | $239 | 11% |
| Home-run hitter | 10 of 24 | $245 | 11% |
| Steady grinder | 18 of 24 | $235 | 11% |
| News trader | 5 of 24 | $267 | 12% |
Pass and payout rates
| Strategy | Pass | Paid at least once | Average paid |
|---|---|---|---|
| Scalper | 25% | 51% | $835 |
| Momentum day trader | 40% | 44% | $828 |
| Home-run hitter | 40% | 45% | $843 |
| Steady grinder | 31% | 50% | $1,015 |
| News trader | 40% | 45% | $894 |
Paid at least once and average paid are per funded account, over its first three months.
These are our example strategies, not your trading: your own numbers can rank firms quite differently. 12,000 simulated attempts per strategy, each funded account traded for three months. How the examples were set · Try your own numbers
Intraday 25K (with activation fee)
Rules
| Evaluation price | $167 one-time list price; usually $17 in the firm's regular sale |
|---|---|
| Activation fee | $69 |
| Profit target | $1,500 |
| Drawdown (evaluation) | $1,000 intraday trailing, never locks |
| Drawdown (funded) | $1,000 intraday trailing |
| Daily loss limit | $500 (pauses the day) |
| Consistency | Evaluation: None. Funded: Best day ≤ 50% of profit |
| Profit split | 100% |
| First payout needs | 5 winning days of $100+ · $1,100 buffer kept in the account · minimum $500 · cap $1,000 |
More rules: minimum days, later payouts, news, contracts and conduct
| Minimum trading days | 1 |
|---|---|
| Later payouts | 5 winning days of $100+ between payouts · cap $1,000 · 6 payouts, then the account closes or moves to live |
| News trading | Allowed |
| Max contracts (minis) | 4 |
| News blackout window | None |
| Micro-scalping rule | None |
| Copy trading | Own accounts only |
| Max funded accounts | 20 |
| Hedging | Not allowed |
| Max loss per trade | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
Priced on the "Standard" option: cheaper evaluation, then a one-time PA activation fee. Typical price is the 90%-off coupon price, rounded. The evaluation expires after 30 days.
How it plays by strategy
Ranked against all 24 25K accounts by EV per attempt: what one attempt is worth on average once fees are paid. Higher is better; below zero means the fees outweigh the expected payouts.
| Strategy | Rank | EV per attempt | Chance of $1,250 |
|---|---|---|---|
| Scalper | 19 of 24 | $152 | 7% |
| Momentum day trader | 13 of 24 | $199 | 8% |
| Home-run hitter | 17 of 24 | $109 | 4% |
| Steady grinder | 16 of 24 | $255 | 10% |
| News trader | 9 of 24 | $212 | 8% |
Pass and payout rates
| Strategy | Pass | Paid at least once | Average paid |
|---|---|---|---|
| Scalper | 24% | 46% | $766 |
| Momentum day trader | 33% | 37% | $723 |
| Home-run hitter | 23% | 32% | $616 |
| Steady grinder | 31% | 47% | $961 |
| News trader | 33% | 38% | $758 |
Paid at least once and average paid are per funded account, over its first three months.
These are our example strategies, not your trading: your own numbers can rank firms quite differently. 12,000 simulated attempts per strategy, each funded account traded for three months. How the examples were set · Try your own numbers
100K accounts
EOD 100K (no activation fee)
Rules
| Evaluation price | $1,590 one-time list price; usually $159 in the firm's regular sale |
|---|---|
| Activation fee | None |
| Profit target | $6,000 |
| Drawdown (evaluation) | $3,000 end-of-day trailing, never locks |
| Drawdown (funded) | $3,000 end-of-day trailing |
| Daily loss limit | $1,500 (pauses the day) |
| Consistency | Evaluation: None. Funded: Best day ≤ 50% of profit |
| Profit split | 100% |
| First payout needs | 5 winning days of $300+ · $3,100 buffer kept in the account · minimum $500 · cap $2,000 |
More rules: minimum days, later payouts, news, contracts and conduct
| Minimum trading days | 1 |
|---|---|
| Later payouts | 5 winning days of $300+ between payouts · caps $2,500, $2,500, $3,000, $4,000, $4,000 (last repeats) · 6 payouts, then the account closes or moves to live |
| News trading | Allowed |
| Max contracts (minis) | 8 |
| News blackout window | None |
| Micro-scalping rule | None |
| Copy trading | Own accounts only |
| Max funded accounts | 20 |
| Hedging | Not allowed |
| Max loss per trade | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
Priced on the "No Activation Fee" option: a dearer evaluation, then no fee to activate the PA. Same trading and payout rules as the Standard option. The evaluation expires after 30 days. Typical price is the 90%-off coupon price, rounded.
How it plays by strategy
Ranked against all 26 100K accounts by EV per attempt: what one attempt is worth on average once fees are paid. Higher is better; below zero means the fees outweigh the expected payouts.
| Strategy | Rank | EV per attempt | Chance of $5,000 |
|---|---|---|---|
| Scalper | 26 of 26 | −$2 | 1% |
| Momentum day trader | 17 of 26 | $377 | 4% |
| Home-run hitter | 15 of 26 | $390 | 4% |
| Steady grinder | 25 of 26 | $142 | 3% |
| News trader | 10 of 26 | $409 | 5% |
Pass and payout rates
| Strategy | Pass | Paid at least once | Average paid |
|---|---|---|---|
| Scalper | 7% | 59% | $2,206 |
| Momentum day trader | 23% | 51% | $2,329 |
| Home-run hitter | 25% | 50% | $2,238 |
| Steady grinder | 11% | 59% | $2,798 |
| News trader | 24% | 52% | $2,408 |
Paid at least once and average paid are per funded account, over its first three months.
These are our example strategies, not your trading: your own numbers can rank firms quite differently. 12,000 simulated attempts per strategy, each funded account traded for three months. How the examples were set · Try your own numbers
Intraday 100K (no activation fee)
Rules
| Evaluation price | $999 one-time list price; usually $100 in the firm's regular sale |
|---|---|
| Activation fee | None |
| Profit target | $6,000 |
| Drawdown (evaluation) | $3,000 intraday trailing, never locks |
| Drawdown (funded) | $3,000 intraday trailing |
| Daily loss limit | $1,750 (pauses the day) |
| Consistency | Evaluation: None. Funded: Best day ≤ 50% of profit |
| Profit split | 100% |
| First payout needs | 5 winning days of $250+ · $3,100 buffer kept in the account · minimum $500 · cap $2,000 |
More rules: minimum days, later payouts, news, contracts and conduct
| Minimum trading days | 1 |
|---|---|
| Later payouts | 5 winning days of $250+ between payouts · caps $2,500, $3,000, $3,000, $4,000, $4,000 (last repeats) · 6 payouts, then the account closes or moves to live |
| News trading | Allowed |
| Max contracts (minis) | 8 |
| News blackout window | None |
| Micro-scalping rule | None |
| Copy trading | Own accounts only |
| Max funded accounts | 20 |
| Hedging | Not allowed |
| Max loss per trade | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
Priced on the "No Activation Fee" option: a dearer evaluation, then no fee to activate the PA. Same trading and payout rules as the Standard option. The evaluation expires after 30 days. Typical price is the 90%-off coupon price, rounded.
How it plays by strategy
Ranked against all 26 100K accounts by EV per attempt: what one attempt is worth on average once fees are paid. Higher is better; below zero means the fees outweigh the expected payouts.
| Strategy | Rank | EV per attempt | Chance of $5,000 |
|---|---|---|---|
| Scalper | 23 of 26 | $55 | 1% |
| Momentum day trader | 20 of 26 | $350 | 4% |
| Home-run hitter | 21 of 26 | $191 | 2% |
| Steady grinder | 23 of 26 | $194 | 3% |
| News trader | 13 of 26 | $379 | 4% |
Pass and payout rates
| Strategy | Pass | Paid at least once | Average paid |
|---|---|---|---|
| Scalper | 7% | 54% | $2,186 |
| Momentum day trader | 20% | 44% | $2,198 |
| Home-run hitter | 16% | 36% | $1,763 |
| Steady grinder | 11% | 55% | $2,746 |
| News trader | 21% | 46% | $2,269 |
Paid at least once and average paid are per funded account, over its first three months.
These are our example strategies, not your trading: your own numbers can rank firms quite differently. 12,000 simulated attempts per strategy, each funded account traded for three months. How the examples were set · Try your own numbers
EOD 100K (with activation fee)
Rules
| Evaluation price | $1,190 one-time list price; usually $119 in the firm's regular sale |
|---|---|
| Activation fee | $139 |
| Profit target | $6,000 |
| Drawdown (evaluation) | $3,000 end-of-day trailing, never locks |
| Drawdown (funded) | $3,000 end-of-day trailing |
| Daily loss limit | $1,500 (pauses the day) |
| Consistency | Evaluation: None. Funded: Best day ≤ 50% of profit |
| Profit split | 100% |
| First payout needs | 5 winning days of $300+ · $3,100 buffer kept in the account · minimum $500 · cap $2,000 |
More rules: minimum days, later payouts, news, contracts and conduct
| Minimum trading days | 1 |
|---|---|
| Later payouts | 5 winning days of $300+ between payouts · caps $2,500, $2,500, $3,000, $4,000, $4,000 (last repeats) · 6 payouts, then the account closes or moves to live |
| News trading | Allowed |
| Max contracts (minis) | 8 |
| News blackout window | None |
| Micro-scalping rule | None |
| Copy trading | Own accounts only |
| Max funded accounts | 20 |
| Hedging | Not allowed |
| Max loss per trade | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
Priced on the "Standard" option: cheaper evaluation, then a one-time PA activation fee. Typical price is the 90%-off coupon price, rounded. The evaluation expires after 30 days.
How it plays by strategy
Ranked against all 26 100K accounts by EV per attempt: what one attempt is worth on average once fees are paid. Higher is better; below zero means the fees outweigh the expected payouts.
| Strategy | Rank | EV per attempt | Chance of $5,000 |
|---|---|---|---|
| Scalper | 24 of 26 | $28 | 1% |
| Momentum day trader | 16 of 26 | $385 | 4% |
| Home-run hitter | 13 of 26 | $396 | 4% |
| Steady grinder | 24 of 26 | $167 | 3% |
| News trader | 9 of 26 | $416 | 5% |
Pass and payout rates
| Strategy | Pass | Paid at least once | Average paid |
|---|---|---|---|
| Scalper | 7% | 59% | $2,206 |
| Momentum day trader | 23% | 51% | $2,329 |
| Home-run hitter | 25% | 50% | $2,238 |
| Steady grinder | 11% | 59% | $2,798 |
| News trader | 24% | 52% | $2,408 |
Paid at least once and average paid are per funded account, over its first three months.
These are our example strategies, not your trading: your own numbers can rank firms quite differently. 12,000 simulated attempts per strategy, each funded account traded for three months. How the examples were set · Try your own numbers
Intraday 100K (with activation fee)
Rules
| Evaluation price | $790 one-time list price; usually $79 in the firm's regular sale |
|---|---|
| Activation fee | $99 |
| Profit target | $6,000 |
| Drawdown (evaluation) | $3,000 intraday trailing, never locks |
| Drawdown (funded) | $3,000 intraday trailing |
| Daily loss limit | $1,750 (pauses the day) |
| Consistency | Evaluation: None. Funded: Best day ≤ 50% of profit |
| Profit split | 100% |
| First payout needs | 5 winning days of $250+ · $3,100 buffer kept in the account · minimum $500 · cap $2,000 |
More rules: minimum days, later payouts, news, contracts and conduct
| Minimum trading days | 1 |
|---|---|
| Later payouts | 5 winning days of $250+ between payouts · caps $2,500, $3,000, $3,000, $4,000, $4,000 (last repeats) · 6 payouts, then the account closes or moves to live |
| News trading | Allowed |
| Max contracts (minis) | 8 |
| News blackout window | None |
| Micro-scalping rule | None |
| Copy trading | Own accounts only |
| Max funded accounts | 20 |
| Hedging | Not allowed |
| Max loss per trade | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
Priced on the "Standard" option: cheaper evaluation, then a one-time PA activation fee. Typical price is the 90%-off coupon price, rounded. The evaluation expires after 30 days.
How it plays by strategy
Ranked against all 26 100K accounts by EV per attempt: what one attempt is worth on average once fees are paid. Higher is better; below zero means the fees outweigh the expected payouts.
| Strategy | Rank | EV per attempt | Chance of $5,000 |
|---|---|---|---|
| Scalper | 22 of 26 | $69 | 1% |
| Momentum day trader | 19 of 26 | $351 | 4% |
| Home-run hitter | 19 of 26 | $195 | 2% |
| Steady grinder | 22 of 26 | $204 | 3% |
| News trader | 12 of 26 | $379 | 4% |
Pass and payout rates
| Strategy | Pass | Paid at least once | Average paid |
|---|---|---|---|
| Scalper | 7% | 54% | $2,186 |
| Momentum day trader | 20% | 44% | $2,198 |
| Home-run hitter | 16% | 36% | $1,763 |
| Steady grinder | 11% | 55% | $2,746 |
| News trader | 21% | 46% | $2,269 |
Paid at least once and average paid are per funded account, over its first three months.
These are our example strategies, not your trading: your own numbers can rank firms quite differently. 12,000 simulated attempts per strategy, each funded account traded for three months. How the examples were set · Try your own numbers
150K accounts
EOD 150K (no activation fee)
Rules
| Evaluation price | $2,490 one-time list price; usually $249 in the firm's regular sale |
|---|---|
| Activation fee | None |
| Profit target | $9,000 |
| Drawdown (evaluation) | $4,000 end-of-day trailing, never locks |
| Drawdown (funded) | $4,000 end-of-day trailing |
| Daily loss limit | $2,000 (pauses the day) |
| Consistency | Evaluation: None. Funded: Best day ≤ 50% of profit |
| Profit split | 100% |
| First payout needs | 5 winning days of $350+ · $4,100 buffer kept in the account · minimum $500 · cap $2,500 |
More rules: minimum days, later payouts, news, contracts and conduct
| Minimum trading days | 1 |
|---|---|
| Later payouts | 5 winning days of $350+ between payouts · caps $3,000, $3,000, $3,000, $4,000, $5,000 (last repeats) · 6 payouts, then the account closes or moves to live |
| News trading | Allowed |
| Max contracts (minis) | 12 |
| News blackout window | None |
| Micro-scalping rule | None |
| Copy trading | Own accounts only |
| Max funded accounts | 20 |
| Hedging | Not allowed |
| Max loss per trade | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
Priced on the "No Activation Fee" option: a dearer evaluation, then no fee to activate the PA. Same trading and payout rules as the Standard option. The evaluation expires after 30 days. Typical price is the 90%-off coupon price, rounded.
How it plays by strategy
Ranked against all 23 150K accounts by EV per attempt: what one attempt is worth on average once fees are paid. Higher is better; below zero means the fees outweigh the expected payouts.
| Strategy | Rank | EV per attempt | Chance of $7,500 |
|---|---|---|---|
| Scalper | 23 of 23 | −$117 | 1% |
| Momentum day trader | 20 of 23 | $284 | 3% |
| Home-run hitter | 15 of 23 | $284 | 3% |
| Steady grinder | 22 of 23 | $30 | 1% |
| News trader | 11 of 23 | $305 | 3% |
Pass and payout rates
| Strategy | Pass | Paid at least once | Average paid |
|---|---|---|---|
| Scalper | 5% | 58% | $2,861 |
| Momentum day trader | 19% | 50% | $2,853 |
| Home-run hitter | 20% | 49% | $2,666 |
| Steady grinder | 7% | 60% | $3,778 |
| News trader | 19% | 52% | $2,885 |
Paid at least once and average paid are per funded account, over its first three months.
These are our example strategies, not your trading: your own numbers can rank firms quite differently. 12,000 simulated attempts per strategy, each funded account traded for three months. How the examples were set · Try your own numbers
Intraday 150K (no activation fee)
Rules
| Evaluation price | $1,890 one-time list price; usually $189 in the firm's regular sale |
|---|---|
| Activation fee | None |
| Profit target | $9,000 |
| Drawdown (evaluation) | $4,000 intraday trailing, never locks |
| Drawdown (funded) | $4,000 intraday trailing |
| Daily loss limit | $2,500 (pauses the day) |
| Consistency | Evaluation: None. Funded: Best day ≤ 50% of profit |
| Profit split | 100% |
| First payout needs | 5 winning days of $300+ · $4,100 buffer kept in the account · minimum $500 · cap $2,500 |
More rules: minimum days, later payouts, news, contracts and conduct
| Minimum trading days | 1 |
|---|---|
| Later payouts | 5 winning days of $300+ between payouts · caps $3,000, $3,000, $4,000, $4,000, $5,000 (last repeats) · 6 payouts, then the account closes or moves to live |
| News trading | Allowed |
| Max contracts (minis) | 12 |
| News blackout window | None |
| Micro-scalping rule | None |
| Copy trading | Own accounts only |
| Max funded accounts | 20 |
| Hedging | Not allowed |
| Max loss per trade | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
Priced on the "No Activation Fee" option: a dearer evaluation, then no fee to activate the PA. Same trading and payout rules as the Standard option. The evaluation expires after 30 days. Typical price is the 90%-off coupon price, rounded.
How it plays by strategy
Ranked against all 23 150K accounts by EV per attempt: what one attempt is worth on average once fees are paid. Higher is better; below zero means the fees outweigh the expected payouts.
| Strategy | Rank | EV per attempt | Chance of $7,500 |
|---|---|---|---|
| Scalper | 21 of 23 | −$59 | 1% |
| Momentum day trader | 21 of 23 | $243 | 2% |
| Home-run hitter | 21 of 23 | $72 | 1% |
| Steady grinder | 20 of 23 | $86 | 1% |
| News trader | 13 of 23 | $265 | 2% |
Pass and payout rates
| Strategy | Pass | Paid at least once | Average paid |
|---|---|---|---|
| Scalper | 5% | 53% | $2,822 |
| Momentum day trader | 16% | 43% | $2,629 |
| Home-run hitter | 13% | 35% | $2,067 |
| Steady grinder | 7% | 56% | $3,745 |
| News trader | 17% | 45% | $2,677 |
Paid at least once and average paid are per funded account, over its first three months.
These are our example strategies, not your trading: your own numbers can rank firms quite differently. 12,000 simulated attempts per strategy, each funded account traded for three months. How the examples were set · Try your own numbers
EOD 150K (with activation fee)
Rules
| Evaluation price | $2,190 one-time list price; usually $219 in the firm's regular sale |
|---|---|
| Activation fee | $159 |
| Profit target | $9,000 |
| Drawdown (evaluation) | $4,000 end-of-day trailing, never locks |
| Drawdown (funded) | $4,000 end-of-day trailing |
| Daily loss limit | $2,000 (pauses the day) |
| Consistency | Evaluation: None. Funded: Best day ≤ 50% of profit |
| Profit split | 100% |
| First payout needs | 5 winning days of $350+ · $4,100 buffer kept in the account · minimum $500 · cap $2,500 |
More rules: minimum days, later payouts, news, contracts and conduct
| Minimum trading days | 1 |
|---|---|
| Later payouts | 5 winning days of $350+ between payouts · caps $3,000, $3,000, $3,000, $4,000, $5,000 (last repeats) · 6 payouts, then the account closes or moves to live |
| News trading | Allowed |
| Max contracts (minis) | 12 |
| News blackout window | None |
| Micro-scalping rule | None |
| Copy trading | Own accounts only |
| Max funded accounts | 20 |
| Hedging | Not allowed |
| Max loss per trade | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
Priced on the "Standard" option: cheaper evaluation, then a one-time PA activation fee. Typical price is the 90%-off coupon price, rounded. The evaluation expires after 30 days.
How it plays by strategy
Ranked against all 23 150K accounts by EV per attempt: what one attempt is worth on average once fees are paid. Higher is better; below zero means the fees outweigh the expected payouts.
| Strategy | Rank | EV per attempt | Chance of $7,500 |
|---|---|---|---|
| Scalper | 22 of 23 | −$94 | 1% |
| Momentum day trader | 19 of 23 | $284 | 3% |
| Home-run hitter | 17 of 23 | $282 | 3% |
| Steady grinder | 21 of 23 | $48 | 1% |
| News trader | 12 of 23 | $304 | 3% |
Pass and payout rates
| Strategy | Pass | Paid at least once | Average paid |
|---|---|---|---|
| Scalper | 5% | 58% | $2,861 |
| Momentum day trader | 19% | 50% | $2,853 |
| Home-run hitter | 20% | 49% | $2,666 |
| Steady grinder | 7% | 60% | $3,778 |
| News trader | 19% | 52% | $2,885 |
Paid at least once and average paid are per funded account, over its first three months.
These are our example strategies, not your trading: your own numbers can rank firms quite differently. 12,000 simulated attempts per strategy, each funded account traded for three months. How the examples were set · Try your own numbers
Intraday 150K (with activation fee)
Rules
| Evaluation price | $1,190 one-time list price; usually $119 in the firm's regular sale |
|---|---|
| Activation fee | $129 |
| Profit target | $9,000 |
| Drawdown (evaluation) | $4,000 intraday trailing, never locks |
| Drawdown (funded) | $4,000 intraday trailing |
| Daily loss limit | $2,500 (pauses the day) |
| Consistency | Evaluation: None. Funded: Best day ≤ 50% of profit |
| Profit split | 100% |
| First payout needs | 5 winning days of $300+ · $4,100 buffer kept in the account · minimum $500 · cap $2,500 |
More rules: minimum days, later payouts, news, contracts and conduct
| Minimum trading days | 1 |
|---|---|
| Later payouts | 5 winning days of $300+ between payouts · caps $3,000, $3,000, $4,000, $4,000, $5,000 (last repeats) · 6 payouts, then the account closes or moves to live |
| News trading | Allowed |
| Max contracts (minis) | 12 |
| News blackout window | None |
| Micro-scalping rule | None |
| Copy trading | Own accounts only |
| Max funded accounts | 20 |
| Hedging | Not allowed |
| Max loss per trade | No limit |
| Gambling clause | Yes: the firm can refuse payouts or close accounts for gambling-style trading |
Priced on the "Standard" option: cheaper evaluation, then a one-time PA activation fee. Typical price is the 90%-off coupon price, rounded. The evaluation expires after 30 days.
How it plays by strategy
Ranked against all 23 150K accounts by EV per attempt: what one attempt is worth on average once fees are paid. Higher is better; below zero means the fees outweigh the expected payouts.
| Strategy | Rank | EV per attempt | Chance of $7,500 |
|---|---|---|---|
| Scalper | 19 of 23 | $5 | 1% |
| Momentum day trader | 17 of 23 | $292 | 2% |
| Home-run hitter | 19 of 23 | $125 | 1% |
| Steady grinder | 19 of 23 | $146 | 1% |
| News trader | 9 of 23 | $314 | 2% |
Pass and payout rates
| Strategy | Pass | Paid at least once | Average paid |
|---|---|---|---|
| Scalper | 5% | 53% | $2,822 |
| Momentum day trader | 16% | 43% | $2,629 |
| Home-run hitter | 13% | 35% | $2,067 |
| Steady grinder | 7% | 56% | $3,745 |
| News trader | 17% | 45% | $2,677 |
Paid at least once and average paid are per funded account, over its first three months.
These are our example strategies, not your trading: your own numbers can rank firms quite differently. 12,000 simulated attempts per strategy, each funded account traded for three months. How the examples were set · Try your own numbers
Compare Apex Trader Funding
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Apex Trader Funding vs Bulenox
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Rule changes
No changes recorded since tracking began. See the rule change log.
Sources
- EOD evaluations: https://apextraderfunding.com/help-center/eod-trailing-drawdown-accounts/eod-evaluations/
- EOD drawdown explained: https://apextraderfunding.com/help-center/eod-trailing-drawdown-accounts/eod-drawdown-explained/
- EOD performance accounts: https://apextraderfunding.com/help-center/eod-trailing-drawdown-accounts/eod-performance-accounts-pa/
- EOD payouts: https://apextraderfunding.com/help-center/eod-trailing-drawdown-accounts/eod-payouts/
- Intraday evaluations: https://apextraderfunding.com/help-center/evaluation-accounts-ea/intraday-trailing-drawdown-evaluations/
- Intraday drawdown explained: https://apextraderfunding.com/help-center/intraday-trailing-drawdown-accounts/intraday-trailing-drawdown-explained/
- Intraday performance accounts: https://apextraderfunding.com/help-center/intraday-trailing-drawdown-accounts/intraday-trailing-drawdown-performance-accounts-pa/
- Intraday payouts: https://apextraderfunding.com/help-center/intraday-trailing-drawdown-accounts/intraday-trailing-drawdown-payouts/
- Prohibited activities: https://apextraderfunding.com/help-center/getting-started/prohibited-activities/
- Code of conduct: https://apextraderfunding.com/help-center/getting-started/code-of-conduct/
- Plans and prices: https://apextraderfunding.com/
- TradeTanto: Futures Prop Firm Comparison, rule by rule
- TradeDupe: Best Futures Prop Firms 2026
Dotted values are estimates still to be verified. Always read Apex Trader Funding's own rules before buying.