Comparison · Apex Trader Funding
Apex Trader Funding,
from its own terms
United States; no regulator. Every number sourced to https://apextraderfunding.com/terms-and-conditions/, accessed 2026-08-02.
- Jurisdiction
- United States
- Regulator
- none
- Source accessed
- 2026-08-02
The rules
Evaluation (Apex 4.0)
- Profit target
- not published
- Daily loss limit
- not published
- Max drawdown
- not publishedTrailing. Two variants chosen at purchase: Intraday Trail (peak unrealised equity, real time) or EOD Trail (recalculated at 16:59 ET on end-of-day balance). Per the repo does-unrealised article citing apextraderfunding.com/resources/prop-trading/is-apex-trader-funding-legit/.
- Trailing drawdown
- not published
- Time limit
- not published
- Min trading days
- not publishedApex 4.0 (1 March 2026) removed the seven-day minimum per the repo denial article citing Apex terms.
Profit split, fee, trading permissions
- Profit split
- not published
- Fee
- not published
- News trading
- permitted
- Weekend holding
- forbidden
- EAs / automation
- permitted
Payout rules
- First request
- not published
- Minimum
- not published
- Settlement target
- not published
- Review cap
- 6 lifetime payouts (Apex 4.0; per repo denial article citing Apex terms)
Denial clauses
The published grounds on which this firm can refuse or void a payout, quoted verbatim from its own terms. Where the firm advertises “no denials” and publishes refusal grounds elsewhere, both are noted.
Related Accounts rule
Apex publishes a “Related Accounts” rule (apextraderfunding.com/trading-rules) that triggers payout denial / account termination when the same household / IP / group is detected. In 2025 this rule was applied retroactively to deny payouts on accounts traders believed were independent, producing sustained trader anger across r/AppexTraderFunding threads. Enforcement was partially loosened afterwards.
Source: firm’s terms
Consistency rule (50%)
Apex 4.0 (effective 1 March 2026) raised the consistency requirement from 30% to 50%: no single day may exceed 50% of total profit at the point of a payout request.
Source: firm’s terms
Lifetime payout cap
A lifetime cap of six payments applies per Performance Account; on reaching the cap the account closes. Marketed alongside “NO Payout Denials” on the Apex homepage.
Source: firm’s terms
upme vs Apex
Where they differ and where we can’t compare. upme’s figures are from its published rulebook v1.2. Apex’s figures are from its own terms, accessed 2026-08-02. Where Apex has not published a number, the row reads “not published” and no comparison is drawn — a missing number is not a worse number.
| Rule | upme (v1.2, not in force) | Apex |
|---|---|---|
| Profit target | 8% | not published |
| Daily loss limit | 5% | not published |
| Max drawdown | 10% | not published |
Sources
Every number on this page is drawn from one of the documents below; a figure that cannot be traced to one does not belong here. Corrections: hello@upme.com.
- Apex Terms & Conditions (HTTP 403 to anonymous fetch on 2026-08-02) — accessed 2026-08-02
- Apex Trading Rules (Related Accounts; HTTP 403 on 2026-08-02) — accessed 2026-08-02
- Apex — Is Apex Trader Funding legit (drawdown mechanic; cited from repo) — accessed 2026-08-02