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
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Most recent review: September 2026.
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What Merritt has built in the Apteros Fellowship program is the simplest, strongest trading framework I’ve seen made available to regular folks like us. It isn’t a course you watch and forget. For 12 weeks you practice with him, get weekly feedback, and slowly start thinking the way he thinks.
His teaching in this program is one of the simplest and most powerful I've come across which has an actual edge, and Merritt gives everything he has to make it click for you. Within the first two weeks itself you become a more disciplined, more consistent trader with a real respect for risk. And once you complete this program you will stop searching for another course and have already built confidence in your own trading!
AB
AB
The Trading Approach You've Been Looking For
I had very high hopes for my time in the Apteros Fellowship program, and I couldn't be more pleased with my experience. The program is an incredible opportunity to work with Merritt and a team of like-minded, dedicated mentees. During the 12-week program, you rebuild your approach to trading from the ground-up, plugging all kinds of leaks along the way -- the ones you knew you had as well as the ones you didn't. Regular access to Merritt through a cadence of meetings and for Q&A on an ongoing basis is invaluable.
Trading is hard, and even 12 intense weeks doesn't magically create consistent profitability, but the fellowship has provided me with a foundation that is night and day stronger than I've ever had before, that I will carry forward with me for the rest of my trading career -- a career during which I look forward to continuing to work with Apteros.
The Fellowship is an incredible program for any trader who's been out there trying to make it happen for any period of time. Your only disappointment will be that you weren't able to do the program sooner.
UL
Ul
Apteros Fellowship Program review
I recently completed the fellowship 12 week program and it was absolutely brilliant. The program was structured extremely well and Merritt taught everything it takes to become a top trader from a-z. Every concept was taught with great clarity and lots of knowledge, which was extremely helpful as I hadn't learnt many of the concepts prior to the fellowship program. Merritt himself also took great care and time for each individual trader, he encouraged traders to ask lots of questions and regularly gave honest feedback which was in the trader's best interest for development. He taught how to operate as a professional trader in every aspect - from market concepts and tactics to mental framework, risk management and more. The program was very enjoyable with regular live calls and discussions amongst fellow traders, it definitely beat trading by myself! The apteros support where also extremely helpful and reliable and helped me on numerous occasions with tech issues I encountered. It is clear to me that apteros has a great culture and attitude towards every aspect of trading and they are the real deal if you are looking to build a career. I would highly recommend the fellowship program to anyone that is thinking about it!
DA
Daniel
OK my name is Daniel Nyambe from Zambia…
OK my name is Daniel Nyambe from Zambia I started trading in 2022 I have learned Evey single concept on the internet and still I wasn't profitable in 2024 I discovered about Merritt black and I fell in love with the way he teaches I have never purchased any of his course but I have watched every video on the apteros YouTube channel I became obsessed with Merrit black content I have watched every video podcast about Merrit black through watching him I have started seeing how he uses market profile and how he ranks and distilled vwap from quartely month and weakly I don't have money right now to pay for any apteros mentoship or everlution but I know that one day I will make it as an apteros prop desk trader I don't care how long it will take me but I Wii make it I will use what I have learned from watching Merrit black to archive what I can with what I have I have mostly picked up how Merrit black traders I will make it at apteros no matter what it takes
OA
Omar A.
Customer Support Review - One of the best ever! Thank you Juan and Team
I wanted to share my experience with Apteros' customer support. I want to start by stating, this was not requested of me, nor will i be compensated or rewarded for this. This is done entirely on my own volition.
For funding companies and prop firms - hint, Apteros is a PROPER Prop Firm not like a generic funding firm - I almost always face issues because of my KYC and stuff, so its always a nightmare when it comes to working with firms due to factors relating to my nationality and banking. I reached out to Apteros, just like I have to reach out to every firm that I want to trade with, and I reached out with a lengthy email stating all my doubts, concerns, and possible issues that I may have, I informed them about my documents seeking to get clarity and assurances if I would be able to trade with them. Now you must understand, I have to literally email and get written assurances from every firm and company because I have faced issues so many times where it is absolutely devastating to me. Once I get written confirmation i'm usually in the clear. and for the record, I can trade with several firms and I currently do, but its only a few because of my KYC.
Usually when i reach out to firms, they either reject me or they give me a half baked confirmation response where i have to go back and forth with them in order to finally get a written confirmation. But to my surprise, with Apteros, the response, was immeasurably astonishing, I can almost never recall if Ive gotten the same support somewhere else, you wouldn't believe how amazingly thoughtful, caring and thorough the customer support team, and specifically the wonderful Juan C. has went above and beyond to address all of my doubts, fears, and concerns. For the first time, I was treated with courteousness, respect and overall concern. EVEN THOUGH I HAVENT SPENT A SINGLE DIME WITH THEM. They literally went above and beyond to look out for me, to help me, to assure me, to make sure I was set FROM THE START. I had a similar but much lesser experience with TWO other firms out of like maybe 20 other firms I reached out to. I was treated like a person who mattered, i didnt get quick lazy AI responses which clearly show my email wasnt read. Apteros Support takes #1 in my book! If they cared that much from the start, I know for a fact I will be in a wonderful firm when I join the desk! Thank you oncemore Juan C.
WS
Wesley S.
AGM July 2025 Group Graduate
The 12 week AGM program with Merritt was a turning point in my trading journey. It connected everything I learned from NADRO and helped close the gaps of misunderstanding between theory and practical application.
Merritt is a phenomenal coach who genuinely cares about the success of his traders. His guidance goes far beyond technical knowledge. He has an incredible ability to spot blind spots you didn’t even realize you had and help you correct them with precision and clarity, while also recognizing strengths you may not have been fully aware of. What I appreciated most is that he doesn’t just give you feedback; he teaches you how to think, evaluate, and self coach so you can keep improving long after the program ends. Because at the end of the day, no matter how new or advanced you may be, we are all students of the markets.
The biggest breakthrough for me came from sharpening my Narrative reading skills. Before AGM, I was doing things that I thought were correct at the time, but through Merritt’s feedback I started to understand the deeper logic behind the framework. Now I am starting to better identify the type of regime we’re in so that I can apply the most appropriate and effective strategies for the particular environment. NADRO’s robustness really shines here. It’s a framework that evolves with the market, giving you the adaptability to adjust as conditions change. This level of clarity has completely transformed how I approach trading.
AGM also helped refine and solidify areas of my understanding that I didn’t even realize were incomplete after going through the NADRO course and intensives multiple times, revealing nuances that had been holding me back without me realizing it. This mentorship program also compressed my learning curve tremendously. Without AGM, I probably would’ve kept reinforcing the wrong habits and spinning my wheels for who knows how long. Now I have a clear framework to self coach, refine my process, and focus on the things that actually move the ball forward.
I can confidently say that AGM was one of the best investments I’ve made in my trading development. It’s built for traders who are serious about mastering the NADRO and/or the scalping process and ready to put in the work to close their blind spots and grow.
Tips for future AGM students to accelerate development and get the most out of the program:
1) Have the basics down from either the NADRO or scalping course before signing up for AGM. This ensures you can get the most out of the mentorship while respecting Merritt’s time and the time of other traders in the program.
2) Create an AGM Prep Overview document before the first meeting. Include your current trading process, stage of development, what has worked and what hasn’t so far, and specific areas you’d like to focus on. I sent a short PDF like this to Merritt during the first week, and it made the coaching far more focused and streamlined.
3) Review each recorded session every week. You’ll often catch new insights that you might have missed the first time.
4) Keep a short weekly reflection for each AGM meeting. Write down things like “Key Insights from Merritt,” “Mindset Shift I Experienced,” “One Thing I’ll Apply This Week,” and “Question I Didn’t Get to Ask Yet.” This will help the lessons stick and make your development more intentional.
ER
Eric
Apteros Trading - Professional Prop and Training
I learned of Merritt, initially through Youtube videos with SMB Capital. From there I learned of Apteros Trading (watched videos and read) and was very pleased to learn that they offer a chance to earn a seat on the junior prop desk - a real prop trading desk. I started in the late-spring and advanced through their Basic Tryout after a few attempts. The rules are very fair and well laid out and the communication, billing, etc was prompt throughout. Apteros has a very nice Trader Dashboard that provides detailed trading statistics that Merritt deems most important. The onboarding to the desk (2 interviews) were great and, so far, the intraday communications via Discord have been very helpful to me in this journey. AND, for those that earn a seat, access to both Merritt's NADRO and Scapling courses are included at no-charge. GREAT value! If you are serious about trading and professional advancement, I highly recommend Apertos Trading, be it for professional prop, training or the both+!
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