Apex Trader vs The Concept Trading - Prop Firm Comparison
Introduction
When comparing prop trading firms, Apex Trader and The Concept Trading each offer distinct paths to funded trading. Apex Trader is Austin, Texas, USA-based, founded in 2021, and is known for 100% profit split on first $25K earned, $378M+ paid out to traders. It holds a 4.4/5 (17,800+ reviews) Trustpilot rating. The Concept Trading, based in Maroochydore, Queensland, Australia, was founded in 2021 and stands out for No daily loss limit – static drawdown only, ASIC-regulated structure (Vested Equities AFSL), holding a 4.6/5 (443 reviews) Trustpilot rating. Both firms provide paths to funded accounts, but their evaluation structures, pricing, and trader benefits differ in key ways that may suit different trader profiles.
Quick Facts
| Feature | Apex Trader Funding | The Concept Trading |
|---|---|---|
 |  | |
| Founded | 2021 | 2021 |
| Profit Split | 100% first $25,000, then 90/10 | 50% all levels except top (90%) |
| Maximum Account Size | $300,000 | $5,000,000 |
| Evaluation Phases | 1 | — |
| Trustpilot Rating | 4.4 | 4.7 |
| Expert Grade | 8.8 | 9.1 |
Program Types
| Program | Apex Trader Funding | The Concept Trading |
|---|---|---|
| Entry Level Program | Yes | AUD 65 |
| Advanced Program | Yes | AUD 19997 |
| Scaling Options | Yes | Yes |
| Demo Account | — | Yes |
Rules & Assessment
| Criteria | Apex Trader Funding | The Concept Trading |
|---|---|---|
| Profit Target | 5-6% | 6-10% |
| Maximum Drawdown | Trailing drawdown (locks at starting balance) | 3-10% static |
| Minimum Trading Days | — | — |
| News Trading | Yes | Yes |
Fees & Pricing
| Option | Apex Trader Funding | The Concept Trading |
|---|---|---|
| $10K Account | — | AUD 997 |
| $25K Account | $47 | AUD 2497 |
| $50K Account | $67 | — |
| $100K Account | $97 | — |
| $200K Account | — | AUD 19997 |
| Refund Policy | — | No |
| Coupons / Discount | Apex Trader Funding discount | The Concept Trading discount |
Platforms & Markets
| Feature | Apex Trader Funding | The Concept Trading |
|---|---|---|
| Trading Platforms | Tradovate, Rithmic, WealthCharts | MetaTrader 5, TradeLocker |
| Forex | Yes | Yes |
| Stocks | Yes | — |
| Indices | Yes | — |
| Commodities | Yes | — |
| Cryptocurrencies | — | Yes |
| Bonds | Yes | — |
| EA/Algo Trading | Yes | Yes |
Payout
| Feature | Apex Trader Funding | The Concept Trading |
|---|---|---|
| Payout Terms | Bi-weekly (min 8 trading days between requests, 5 days with $50+ profit) | Once per calendar month (Bank transfer, Crypto, Revolut, PayPal) |
| See all prop firm payouts → | ||
Verdict
| Key Element | Apex Trader Funding | The Concept Trading |
|---|---|---|
| Strengths | $378M+ payouts verified, 17,800+ Trustpilot reviews, 20 simultaneous accounts, No daily loss limit, 100% profit on first $25K per account | Static drawdown, no daily drawdown, permissive rules, EAs/HFT allowed, low entry fees |
| Weaknesses | 4:59 PM ET close requirement, 5:1 max risk-to-reward ratio, 30% consistency rule at payout, Learning curve for beginners | Misleading 90% marketing, one payout/month only, 30-day invoice deadline, capped profits, new discretionary clause |
| Best For | Serious futures day traders seeking scalability and capital protection | Long-term scalers seeking trading freedom, not monthly income seekers |
FAQ
What makes Apex Trader stand out among prop firms?
Apex Trader, based in Austin, Texas, USA, was founded in 2021 and is best known for 100% profit split on first $25k earned, $378m+ paid out to traders. With a minimum evaluation cost of $85/mo and a up to 100% profit split, it offers a developing value proposition for futures traders seeking high profit splits and no daily loss limit.
How does The Concept Trading differ from other prop firms?
The Concept Trading, based in Maroochydore, Queensland, Australia and founded in 2021, differentiates itself through No daily loss limit – static drawdown only, ASIC-regulated structure (Vested Equities AFSL). With a 50–90% profit split and 1-Step (Traditional/Premier/Empire/Xtreme), 2-Step (Foundation), Instant evaluation, it is particularly suited to traders who want maximum rule simplicity and huge scaling.
Which firm offers better payouts – Apex Trader or The Concept Trading?
Apex Trader offers a up to 100% profit split with Bi-weekly payouts processed in Within 24 hours. The Concept Trading offers a 50–90% profit split with Weekly (top-level / 90% Lock Rule); per-level otherwise payouts in 24-48 hours. The better choice depends on whether you prioritise split percentage or payout frequency.
Are these prop firms suitable for beginners?
Both firms can accommodate beginners, but with different considerations. Apex Trader is best suited to Futures traders seeking high profit splits and no daily loss limit, while The Concept Trading is better aligned with traders who want maximum rule simplicity and huge scaling. New traders should start with the smallest available account size and thoroughly review all rules before committing.
What happens if I fail the evaluation at either firm?
Most prop firms allow traders to purchase a reset to restart their evaluation phase, typically at 40-50% of the original fee. Neither firm penalises future attempts based on previous failures. Check each firm’s official site for current reset pricing and terms.
How was this Comparison Created?
1. We Collect
Our research team gathered data directly from the official websites, terms of service documents, and public communications of both Apex Trader and The Concept Trading. We supplemented this with verified user reviews on Trustpilot and trading community forums, and consulted active traders with first-hand experience at each firm.
2. We Examine
Our team of professional traders verified all information, cross-checking accuracy against each firm’s current platform, evaluation parameters, and pricing pages. Special attention was paid to profit split structures, drawdown rules, and payout conditions to ensure our assessment reflects the real trader experience.
3. We Score
We apply a scoring methodology across seven key categories: evaluation structure, trading conditions, costs and fees, platform quality, profit potential, customer support, and educational resources. Each category is weighted by importance to traders at different experience levels.
4. You Choose
This comparison is designed to help you identify which firm better aligns with your trading style, experience level, and goals. Consider your priorities – evaluation flexibility, profit split, platform preference, and firm track record – then visit each firm’s full review on JoinProp for the complete picture. Read the Apex Trader review or read the The Concept Trading review to go deeper.
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