Apex can be put into two modes of operation.
Apex will operate in a Paper Trading mode simulating everything which it would do under live conditions except sending orders to the exchange.
Test mode is a great way of testing a strategy under current conditions and gives a better indication of performance than backtesting.
Please note you can enter any value you wish in the max allocation field.
Your funds are not at risk.
Apex will operate in a similar fashion to test mode but orders will be placed on the exchange.
Your funds will be at risk in this mode.