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On March 1, 2026, Apex Trader Funding relaunched its entire product line — "The All New Apex." One-time fees instead of monthly rebills, two different drawdown models sold at the same price, and a loud "no payout denials" promise. We re-scored it against the new rules. Apex stays in the Strong band at
, but how it gets there changed.
What changed
- The drawdown model is the whole story. Apex now sells an EOD-trailing option and an intraday-trailing option at the same price. We score the representative (default) path — the intraday trail, which follows your unrealized peak in real time and can breach you mid-trade. That is the single biggest reason funded accounts are lost, and it is the largest weight in the score.
- Profit split improved to 100% on approved payouts — a genuine plus.
- Pricing honesty is weak. The list price is essentially fictional: a near-permanent "up to 90% off" coupon and a resetting countdown mean almost nobody pays the sticker. We score that as the false-urgency mechanic it is.
- The evaluation fee is non-refundable, explicitly.
What it does not mean
Apex remains recommendable and is one of the highest-volume payers in futures. The re-score is calibration, not a warning — and the relaunch was handled cleanly (legacy accounts were grandfathered, no retroactive changes).
Who it fits
Apex fits an active futures trader who can either pick the EOD drawdown option or handle the intraday trail without getting wicked out — and who reads past the coupon to the real cost. The full variable breakdown is on the Apex review; the methodology is here; the change is logged in the changelog.