Apex is a futures-only firm and, by most trader accounts, the most controversial large prop firm currently operating — it also pays out more in absolute terms than most competitors, but has the highest reported rate of payout denials in the industry, including a documented $800,000 dispute between two traders.
Traders have filed complaints with the Michigan and Texas Attorneys General over accounts being put “under maintenance” during payout review, and Apex is currently pursuing a gag-order lawsuit against a YouTube creator over claims of retroactive rule changes and bait-and-switch practices. A 2026 program overhaul was marketed heavily around “no more payout denials” — worth watching whether that holds.
Note the evaluation is billed as a monthly subscription, not a one-time fee — factor that into any cost comparison.
Full review coming soon.