While some prop firms focus heavily on Forex, Apex Trader Funding has aggressively taken over the Futures trading space. Known for their incredibly simple evaluation process, massive discount sales, and allowance of multiple accounts, Apex is a favorite among retail traders looking to scale their capital fast.

But does their trailing drawdown rule make it too hard to pass? In this review, we cover everything you need to know before buying an evaluation.

The Apex Evaluation Process (One-Step)

Unlike FTMO’s two-step process, Apex Trader Funding uses a much simpler One-Step Evaluation. You only have to hit the profit target one time to get funded.

• No Daily Drawdown Limits: You don't have to worry about losing a specific amount in a single day. There is only one trailing drawdown threshold you need to stay above.
• Trade During News: Apex allows you to hold trades during major macroeconomic news events—something many other firms ban.
• No Scaling Plan Needed: Instead of waiting months to scale up, Apex allows you to have up to 20 funded accounts under one login. You can use a trade copier to multiply your profits instantly.

The Catch: The Trailing Drawdown

Apex’s rules are lenient, but you must understand their specific drawdown rule. Rather than being calculated at the end of the day, their drawdown trails your highest open profit. If your trade is up $1,000 but you close it at a $200 profit, the trailing drawdown still acts as if the account peaked at that $1,000 mark. This encourages traders to take profits rather than letting winners retrace.