Apteros Trading

Official site →
CEO
Merritt Black
Based in
United States (Nashville)
Founded
2020
Operating for
6 yrs
Platforms
Rithmic (R|Trader and others)
PropPick reviews
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Global community mentions (estimated)
88 on payouts

Trader Evaluation Program 100K

Checked 2026-08-11
Cost
List / discounted
$499 → $499
Activation fee
$0 (There are no 25K or 50K sizes; only a single $100,000 evaluation account is offered (a one-time $499 with no monthly subscription))
Billing
One-time
Reset cost
$499
Evaluation account
Profit target
$15,000
TMDD / tracking
$5,000 (trails the highest EOD balance based on the previous session's realized P&L; locks as Static once the $15,000 milestone is reached) · EOD
Daily loss limit
2.5% of the account (based on the previous session's realized P&L)
Consistency rule
None
Minimum trading days
None
Max contracts
No fixed contract count — margin-based sizing (100% margin for swing, 60% margin for intraday)
Evaluation account limit
5
PA / funded
Daily loss limit
5% of the Static Max Drawdown (scales with the balance)
Trading days before payout
None
Payout requirement
Past the $15,000 net-profit milestone, results convert 1:1 into the Live Desk starting balance and Static Max Drawdown (e.g. $108,520 of net profit after the milestone → Static DD $108,520, daily loss limit $5,400)
Consistency rule (payout)
None
News trading
Allowed
Profit split
80:20
Minimum payout
None
Payout cap
Daily uncapped withdrawals, with the option of a fixed monthly draw
Funded account limit
2

Live transition · At the $15,000 net-profit milestone the trailing drawdown locks as Static ($5,000), and from then on results carry over directly into the Live Desk starting balance and maximum loss limit — scalable up to $3 million. The Live Desk offers K-1 tax treatment and a fixed monthly withdrawal option