A Message from Apex Trader Funding
Hi, The prop trading landscape has experienced rapid change in recent months. Firms have come and gone, and many have updated or completely revised their rules—some multiple times in just the last few weeks. Across the industry, firms are grappling with mounting challenges that threaten long-term sustainability: tightening risk management, evolving program requirements, and refining payout structures. These are all part of normal operations, but as the industry has grown, so too has a more concerning issue, the rise of bad actors exploiting the simulated trading environment. As prop firm rules have matured, so too have the tactics used to game them. All firms, including Apex—have seen a sharp increase in exploitative behavior, often from coordinated groups. These abuses span a range of strategies, including hedging schemes, extreme DCA, automated bots, high-risk gambling approaches, and particularly, copy-trade signal services. The financial toll is significant. These activities have cost Apex millions of dollars each month—and the impact continues to escalate. To counter these threats, many firms have begun adjusting rules and policies, especially around payouts. In fact, the problem has grown so widespread that discussions have emerged about firms joining forces to combat abuse through data sharing and joint enforcement. One such concept is the formation of a Self-Regulatory Organization (SRO), a collective of prop firms agreeing to shared standards and collaborating to identify and penalize bad actors. While this may sound like an attractive solution for collective protection, Apex will not be joining this SRO. We've received many inquiries about our stance. To be clear: Apex supports the idea of industry regulation and believes that compliance frameworks are necessary. However, we believe this oversight should come from formal regulatory bodies—not from private, self-governed consortiums. While we champion transparency and internal accountability, we are not comfortable participating in any group that involves cross-firm data sharing without explicit regulatory structure and safeguards.