Apex Trader Funding Rules Explained (2026)
Apex Trader Funding runs a single-phase evaluation with a trailing (closed balance) drawdown of 6% and no daily loss limit. Funded traders keep up to 90% of profits.
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Key rules
| Drawdown type | Trailing (closed balance) |
| Maximum drawdown | 6% |
| Daily loss limit | None |
| Daily reset time | 17:00 ET |
| Consistency rule | None |
| Profit split | Up to 90% |
| Account sizes | $25k, $50k, $75k, $100k, $150k, $250k, $300k |
| Challenge fees | $147–$497 |
| Platforms | Tradovate, Rithmic |
| Asset classes | Futures |
| News trading | Allowed |
| Weekend holding | Not allowed |
| EAs / bots | Allowed |
Evaluation phases
| Phase | Profit target | Min trading days | Time limit |
|---|---|---|---|
| Evaluation | 6% | 7 | Unlimited |
How Apex Trader Funding's drawdown actually works
Apex Trader Funding's drawdown trails your highest closed balance. Each time you bank a new equity high, the floor ratchets up beneath you — keeping a fixed 6% cushion above the current floor rather than your starting balance. It's less brutal than intraday-equity trailing, but you still can't rely on your original buffer staying put.
SimTrade's simulator computes this floor live and shows your remaining risk budget in real dollars, so you can practice Apex's rules before paying a fee.
Things to know
Futures only (CME: ES, NQ, CL, etc.) — NOT compatible with MT4/MT5. No daily loss limit on most accounts. Up to 20 simultaneous accounts allowed. End-of-day trailing drawdown.
Frequently asked questions
What is the maximum drawdown on Apex Trader Funding?
Apex Trader Funding's maximum drawdown is 6%. Apex Trader Funding uses a trailing drawdown that follows your highest closed balance. As you lock in profits, the floor ratchets up beneath you.
Does Apex Trader Funding have a daily loss limit?
No — Apex Trader Funding does not impose a daily loss limit on most accounts. Only the maximum drawdown rule applies.
What is the profit target to pass Apex Trader Funding?
Apex Trader Funding's evaluation has 1 phase: Evaluation requires 6% profit. A minimum of 7 trading days applies.
What is the profit split on Apex Trader Funding?
Funded Apex Trader Funding traders keep up to 90% of the profits they generate.
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