Apteros Trading: Redefining Professional TradingAt Apteros Trading, led by industry veteran Merritt Black, we offer a transformative experience for serious traders. Our approach is unique – we blend rigorous training with real-world application, setting us apart in the world of proprietary trading.Unique Selling Points:Elite Leadership: Under Merritt Black's guidance, our firm brings unmatched expertise and insight, drawing from his tenure as the head of future trading at SMB Capital in New York City.Professional Tryout: Our distinctive Tryout program is your gateway to real capital trading. It’s not just an assessment; it's a career-defining opportunity.Expert Community: We're more than a firm; we're a community of professionals. Here, trading isn't just a job; it's a shared passion for excellence and strategy.Global Trading Perspective: Watch and interact with our traders as they navigate global markets. This real-time exposure offers invaluable insights into market dynamics and strategies.Structured Yet Organic Learning: Our learning environment balances structured education with organic, experiential learning, fostering a deep and practical understanding of trading.Beyond Theories: We focus on practical, proven strategies, not just theoretical knowledge. Our training is grounded in the realities of the trading world.Why Choose Apteros Trading?Commitment to Excellence: We’re for traders who are serious about reaching the pinnacle of their career. It’s not just about strategies; it’s about cultivating a mindset of continuous improvement and excellence.Pathway to Mastery: Apteros isn’t just a stepping stone; it’s a pathway to mastery. Our program is designed to develop not just competent traders, but industry leaders.Join UsAre you prepared to challenge yourself and reach new heights in your trading career? Apteros Trading isn’t just a firm; it’s a launchpad for your ambition. Here, you'll not only learn to trade; you'll learn to excel. Join us and unlock your pote
Apteros Trading (apterostrading.com) has 68 customer reviews on Five Star Index, with an average rating of 4.6 out of 5.
Also known as
apterostrading.com
Website
apterostrading.com
Category
Investments & Wealth
Location
Nashville, Tennessee
Listed on Five Star Index
2026
About these reviews
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The company replied to 37% of reviews.
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Most recent review: September 2026.
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Might get in trouble for posting this but any traders reading this please do not give your hard earned money to Apteros Trading. As a member since 2019 I feel I need to speak out after seeing his recent appearances on NinjaTrader Live. Merrit was dropped by SMB which he refuses to comment on and now charges $3,000 USD each for both his NADRO & Scalping course. I personally have invested in his Nadro course and AGM which was close to $7000 in total to be completely ignored & let down. With over 500+ posts is his community he not once reached out or provided any feedback let alone only posted his trades on average once every 3-4 months. I highly recommend the Ninjatrader YouTube live but tune into the OFL labs segments as they provide a ton of useful information for free similar to @y…. Also I just checked and his community is dying which is why he must be desperate for more "student's" to pay him hand over first for his dead and "thriving" desk.
Response from Apteros TradingSep 20, 2025
Bryce…. Merritt here. I’m sorry to see this post brother really. I recall the mentoring we did together vividly. I know our work together was fruitful and you worked hard and made tangible improvements during our work together. I don’t understand the attack. Our plan here is to gather clips from the work we did together and share that with Trustpilot to clarify the record.
TY
Tyler
Lack of communication/transparency…
Lack of communication/transparency around monthly re-billing.
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The only prop tryout I am aware of that does not send an email upon the monthly re-bill cycle. I was unaware that my attempt to cancel my account did not go through until I was billed again.
With a monthly price point of nearly $350, there is an incentive for Apteros to have a canned, automated response when requesting a refund but not an automated reminder upon billing.
EDIT: I would like to clarify that it is the responsibility of the subscriber to cancel the subscription 24 hours prior to rebill in order to not be charged - their terms are clear.
This review is to highlight an oversight in the communications process involving the customer journey with hopes that Apteros will take steps to improve their communication process in the future.
Response from Apteros TradingSep 20, 2025
We will absolutely take a look at improving the communication we have on the monthly rebill for our subscription products. We certainly want crystal clarity on this for our people! Thank you!
GM
___g__m___
Apteros
Apteros, again i apologize for the rough start following my tryout purchase. The online prop firm space is filled with scammy firms and shady practices. I trusted Apteros from the start for not being one of them. Once I received every email except for the registration one, the most important that was allowing me to get my trading credentials, i started to doubt. After 5 days trying to get the email with no success by reaching out to support, i found out that the problem was in fact my hotmail address. My bad. :( I was getting very worried that my trust was blind. I hope this won't tarnish any future relationship. We provided me the registration to another email address and was able to get into my member area. Problem solved. My rebill date got extended by 5 days for the inconvenience. It's worth mentionning that they did not have to do it, and I appreciate the gesture. Now, let's focus on trading. Warm regards to the team. Guillaume
NC
Nick C.
"The last trading course you'll ever need"
This was the 4th and final strategy I've learned. (ASFX, Tim Sykes, Warrior Trading and now NARDO). What made this education stick for me was not relying on indicators to tell you when to get in/get out. Let's be honest, a monkey could execute a strategy that says to buy whenever the 8/21 EMA cross, which is similar to what most educators are selling that I've researched.
An AVERAGE trader could take a great strategy and still lose money, a GREAT trader can take a mediocre strategy and find a way to make it work.
I believe his education teaches you how to become a great trader by understanding the environment you're trading ----- through the lens of NADRO, rather than taking a reactive approach when a few indicators give you the green light.
If you're looking for the magic combination of indicators to make you profitable, unequivocally this is not the route for you. My hats off to anyone that can be consistent with that approach, I have not come across any myself.
If you feel like you've been trying to put square pegs into round holes, unable to find consistency and not sure what you're doing wrong, this is absolutely the answer if you're willing to put in the work.
MS
Michael S.
I've had a phenomenal experience with…
I've had a phenomenal experience with all the Aspects of Apteros Trading.
My first experience was with the NADRO course, which is an extremely in depth trading Framework. It gives you the mindset, the tools and the strategy in order to be a successful Futures trader. I must have watched the course 5x now and every time I get golden nuggets that I didn't realize was there previous times. 10/10
Once you get the NADRO course, you then have access to the community. The Apteros community is a likeminded group of individuals all focused on becoming consistently profitable traders and from my experience EVERYONE is there to help. Truly a pleasure to be part of this community.
Me personally, I am a recent graduate of the Advanced Group Mentorship (AGM), and I was truly blown away by the mentorship skills that Merritt has. I've made so many strides of progress throughout the group which I hope to continue in my trading career.
Lastly, Apteros is a prop firm, but not like the other prop firms out there. While I'm not on the desk yet, Apteros has a vested interested in having their traders succeed rather than other prop firms out there who make their money by watching traders fail. The rules of the tryout are fair, and as close to real life circumstances as possible.
I have so much respect for Apteros and all the things they are doing.
KM
Kelsey M.
The Prop Firm for Professionals
I had the pleasure of learning from MB and all of Apteros Trading courses. MB and everyone at Apteros are the best. If you want to develop your skills as a trader and are serious about that!! Apteros is the place for you. At Apteros you will learn to achieve results that you never thought were ever possible with your trading. IF you have a willingness to learn and a great work ethic you can get your EDGE in the markets with Apteros.
BE
Bennomori
Apteros Trading: A Transformative Experience for Serious Traders
My Journey Before Apteros
Before joining Apteros, I went through what I now realize was a common path for many aspiring traders:
Reading every recommended trading book – While some provided valuable insights into mindset, most were outdated in terms of practical trading processes.
Binge-watching YouTube trading channels – An inevitable phase, but ultimately a lesson in realizing that there is no "holy grail" of trading.
Completing multiple trading courses – After taking at least three, I found that most lacked the depth required for truly professional trading.
Experimenting with indicators and signals – Buying/coding custom indicators for TradingView, NinjaTrader, etc., only to confirm that no single tool guarantees success.
Trading various markets – Currency pairs, futures, stocks—you name it. Some success, but never enough consistency to feel fully in control.
Step 1: The Apteros Foundation
After spending one to two years on the above, I realized it had all been a stepping stone rather than an investment. That’s when I found Apteros.
Apteros offers professional, structured, and effective trading strategy content delivered in a step-by-step framework. This is not a casual journey. The coursework is thorough, challenging, and demanding, designed to separate serious traders from those unwilling to put in the effort.
If you blame your performance on external factors—whether it’s the market, a tool, or luck—then Apteros is not for you. Success in trading comes from taking full ownership of your decisions and process. The sooner you accept that, the quicker you will achieve consistency.
There are no shortcuts here. You get what you pay for—a professional education that requires effort but delivers real results.
Step 2: The Application Phase
Once you’ve built a solid knowledge base, it’s time to apply it in live or simulated trades for 12 weeks—and this is where things get truly difficult.
This is by far the hardest phase. There is no sugarcoating here—trading is a process-driven profession, and if you don’t have a process, you might as well get a regular job.
As Merritt frequently reminds us:
You don’t become a professional tennis player after six weeks of training.
Merritt’s mentorship is direct, honest, and often uncomfortable—but that’s exactly what makes it so valuable. His expertise helps refine and fine-tune your trading process until it becomes a disciplined, professional system with real edge.
Expect to be pushed far outside your comfort zone. Many traders think success is about intelligence—it’s not. It’s about discipline, process, and habits. The only way to develop those habits is through rigorous coaching and continuous refinement—something that’s almost impossible to find elsewhere in the industry.
Step 3: The Apteros Trading Desk
What makes Apteros truly unique is its structured pathway from student to professional trader.
Not everyone has the discipline to become a pro trader. Guidance is essential. Apteros provides a framework to help traders:
- Develop a professional process
- Execute consistently
- Apply real trading methodologies (beyond just NADRO)
The Advanced Group Mentoring (AGM) is specifically designed to help traders bridge the gap to professional trading on the Apteros Desk.
There are many debates about what makes a great prop firm, but one thing is clear—no other firm provides the same level of trader development before desk placement.
Pro traders can make money anywhere. But if you’re not there yet, the best investment you can make is in proper mentorship.
Final Thoughts
I have personally paid for and completed the Courseware and Mentorship, and I can say with confidence that Merritt’s ability to break down complex market dynamics into an actionable, structured framework is exceptional.
Unlike many educators, he doesn’t just teach theory—he provides a complete, edge-driven methodology while emphasizing:
- Mindset
- Process
- Selectivity
The Apteros Community
One of the most valuable aspects of Apteros is its trading community.
I am not typically active in forums or social media, but I have found that the collaboration, accountability, and shared growth within the Apteros community are both genuine and positive. Unlike unmoderated trading groups, the Apteros Discord is managed by experts, ensuring high-level discussions and meaningful feedback.
The ability to receive real-time insights, trade feedback, and guidance is something most traders will never experience anywhere else.
If you are serious about trading as a profession, Apteros is where you need to be.
Response from Apteros TradingFeb 6, 2025
Means a lot coming from you sir. Thank you for the kind words. See you on the desk at some point in 2025 no doubt!
WB
William B.
Part 4 – Additional Comments
I made a post within the Apteros community stating that I had written reviews on Trustpilot and included a small excerpt from Page 3.
As expected, this led to the cancelling of my access to the Apteros Discord channel.
Before my privileges were revoked, my comments had not been deleted, at least for an hour or so while I still had access to their community. I have no idea what happened afterward. Perhaps their policies have changed, as a couple of years ago, I was censored and had posts deleted for similar inquiries.
Also as expected, in response to comments to Black within the community, he diverted attention by announcing that a student had just passed his tryout and made it to his desk, using this accomplishment to claim that NADRO isn't flawed.
Making it to his desk meets a minimum profit expectation with no time limit, without breaking a drawdown limit. This merely provides the prop firm some confidence that their risk capital will not be lost. It does not address the longer-term repeatability of earning nor the range of possible expectations from deploying the NADRO system over a period of months.
Repeating what I stated in Part 3 of the my earlier review, “NADRO is NOT ROBUST, as stated by Black, and has several deficiencies” and that “Black needs to broaden his knowledge base beyond AMT and reconsider the notion that balance is the only certainty, which is absurd and fundamentally flawed.” These statements remain true and making it to his desk does not disprove them.
Since I viewed Black’s remark about a trader making it to his desk as a deflection tactic, I made a second and final post. Stating that I have asserted some alternative views, disclosed my intent for making posts to Trustpilot, stated that NADRO remains unproven, expressed the need for continuous improvement, reasserted the need for transparency of earnings, reasserted that the notion that balance is all we know is fundamentally flawed and so is NADRO, all in the spirit of helping the community.
I maintain my position, the problem with Apteros is NADRO. I have no interest in trading any capital other than my own, and cannot comment on Apteros as a prop firm other than hearing that the payouts are better elsewhere.
The performance of great products is not hidden, they tend to be flaunted.
Black is deflecting the issue regarding NADRO.
Concrete earnings data is necessary to validate NADRO’s performance. HARD STOP.