If you’re a trader looking for funding, you might have come across Apex Trader Funding. But is it worth it? In this Apex Trader Funding review, we’ll take a closer look at what they offer and whether it’s a good fit for your trading needs.
Apex Trader Funding is a trading company that provides funding for traders who pass their evaluation process. They offer up to $300,000 in funding and claim to have the highest payouts of any firm. But what sets them apart from other trader funding programs? In this review, we’ll explore their unique features and benefits, as well as any potential drawbacks.
Overview of Apex Trader Funding
Apex Trader Funding is a proprietary trading firm that offers funding to traders who pass their evaluation process. Founded by Darrell Martin, a rancher and day trader, the company has built a community of over 30,000 traders in more than 100 countries since 2008. Their motto is “Traders Helping Traders,” and they aim to provide support and resources to traders who want to improve their skills and achieve financial independence.
As a prop firm, Apex Trader Funding provides traders with the opportunity to trade with the firm’s capital and earn a share of the profits. The firm offers up to $300,000 in funding to traders who pass their evaluation process, which includes a series of tests to assess their trading skills and risk management abilities. Traders who pass the evaluation process can trade with the firm’s capital and keep up to 80% of the profits they generate.
Apex Trader Funding is known for its transparent and fair evaluation process, which is designed to help traders improve their skills and become successful traders. The firm provides traders with a variety of resources, including training materials, trading strategies, and risk management tools, to help them succeed in the markets.
As a funding firm, Apex Trader Funding provides traders with the opportunity to trade with the firm’s capital and earn a share of the profits. The firm offers a variety of funding options, including a funded trader program and a profit-sharing program, to help traders achieve their trading goals.
Overall, Apex Trader Funding is a reputable and reliable prop trading firm that provides traders with the opportunity to trade with the firm’s capital and earn a share of the profits. The firm’s transparent and fair evaluation process, combined with its supportive community and resources, makes it an attractive option for traders who want to improve their skills and achieve financial independence.
Features of Apex Trader Funding
Apex Trader Funding provides traders with a range of features to help them succeed in futures trading. Here are some of the key features of Apex Trader Funding:
Funded Account
Apex Trader Funding offers traders the opportunity to trade with a funded account. With a funded account, traders can access up to $300,000 in starting capital to trade futures. This allows traders to take on larger positions and potentially earn higher profits.
Evaluation Account
To qualify for a funded account, traders must first pass an evaluation account. The evaluation account is a simulated trading account that allows traders to demonstrate their trading skills and strategies. Traders are given a set number of trading days to meet certain trading rules and objectives. If they meet these requirements, they can progress to a funded account.
One-Step Evaluation Process
Apex Trader Funding offers a simple one-step evaluation process. Traders only need to pass one evaluation to qualify for a funded account. This makes it easier and quicker for traders to start trading with a funded account.
Multiple Accounts
Traders can trade up to 20 accounts with Apex Trader Funding. This allows traders to diversify their trading strategies and potentially earn more profits.
Trading Platforms
Apex Trader Funding supports a range of trading platforms, including Rithmic, which provides real-time data and fast order execution. Traders can also use expert advisors and trade copiers to automate their trading strategies.
Trading Strategies
Apex Trader Funding allows traders to use a range of trading strategies, including day trading, swing trading, and position trading. Traders can trade equity futures, interest rate futures, currency futures, agricultural futures, energy futures, metal futures, and micro futures.
Account Sizes
Apex Trader Funding offers a range of account sizes to suit different trading styles and risk tolerance. Traders can choose from a Mini Account, Standard Account, or Pro Account.
Performance Account
Traders who meet certain performance criteria can qualify for a Performance Account. This account offers higher funding levels and lower risk parameters, allowing traders to take on larger positions and potentially earn more profits.
Mobile App
Apex Trader Funding offers a mobile app that allows traders to monitor their trades and account balances on the go. The app is available for both iOS and Android devices.
Apex Trader Funding Challenge
Traders who are confident in their trading skills can take on the Apex Trader Funding Challenge. This challenge allows traders to skip the evaluation account and start trading with a funded account immediately. Traders must meet certain trading rules and objectives to qualify for a funded account.
Overall, Apex Trader Funding offers traders a range of features and options to help them succeed in futures trading. With a funded account, multiple accounts, and a range of trading strategies and platforms, traders can customize their trading experience to suit their needs and preferences.
Costs and Fees
When it comes to costs and fees, Apex Trader Funding offers a transparent and straightforward pricing model. There are no hidden fees or commissions, and you only pay for what you need.
Initial Fee
The initial fee varies depending on the plan you choose. You can find the specific fees for each plan on the Apex Trader Funding website. However, keep in mind that the initial fee is a one-time payment, and you won’t have to pay it again unless you decide to switch to a different plan.
Monthly Fee
There is a monthly fee for using the evaluation account, which includes access to all features for tracking, data feed, and the NinjaTrader platform license key. The monthly fee varies depending on the platform you choose, with Tradovate being slightly more expensive than Rithmic. You can choose to pay the monthly fee or opt for a one-time lifetime payment for a particular account.
Reset Fee
If you fail the evaluation account test, there is an optional reset fee that you can pay to retake the test. However, keep in mind that you only have to pay this fee if you fail the test, and it’s not a requirement for using the evaluation account.
Profit Allocation Fee
Once you pass the evaluation account and become an active trader, you have to pay a profit allocation (PA) fee. The PA fee is a percentage of the profits you make, and it varies depending on the account size and the platform you choose. However, you keep 100% of the first $25,000 and 90% of the profits thereafter.
In conclusion, Apex Trader Funding offers a transparent and straightforward pricing model with no hidden fees or commissions. The initial fee is a one-time payment, and the monthly fee includes access to all features for tracking, data feed, and the NinjaTrader platform license key. The profit allocation fee is a percentage of the profits you make, and you keep 100% of the first $25,000 and 90% of the profits thereafter.
Risk Management at Apex Trader Funding
When it comes to trading, risk management is crucial. Apex Trader Funding understands this and has implemented several measures to help traders manage their risk effectively.
One of the most important aspects of risk management at Apex Trader Funding is the daily drawdown limit. This is the maximum amount of money a trader can lose in a single day. The drawdown threshold is set at $1,000, which means that if a trader loses more than $1,000 in a day, their account will be automatically liquidated to prevent further losses.
In addition to the daily drawdown limit, Apex Trader Funding also offers traders the ability to trade with multiple accounts, with a maximum of 20 accounts. This allows traders to diversify their portfolios and spread their risk across multiple trades.
To help traders manage their risk further, Apex Trader Funding has implemented simple risk management rules that traders must follow. These rules include not risking more than 5% of your account balance on any single trade and not risking more than 10% of your account balance on any given day.
Overall, Apex Trader Funding takes risk management seriously and has implemented several measures to help traders manage their risk effectively. By following the simple risk management rules and utilizing the daily drawdown limit, traders can minimize their risk and maximize their profits.
Support and Customer Service
When it comes to trading, having a reliable support team and customer service is essential. Apex Trader Funding understands this and offers various ways to get in touch with their support team. You can contact them via email or submit a request through their website. All inquiries about accounts must contain the account number.
Apex Trader Funding also offers a live chat feature on their website, which is available during business hours. This is a convenient way to get quick answers to any questions you may have. The support team is knowledgeable and can assist you with any issues you may encounter.
Overall, Apex Trader Funding provides excellent customer service and support. They are prompt in their responses and are always willing to help. Whether you have a question about your account or need assistance with a technical issue, their support team is available to assist you.
Evaluation Process and Getting Funded
To become a funded trader with Apex Trader Funding, you need to go through their evaluation process. This process involves trading in a simulated environment with an evaluation account. The evaluation account rules require you to meet the profit goal without hitting the maximum drawdown listed for the account you have chosen. You should also trade for a minimum of seven trading days, which do not need to be consecutive. It is essential to understand the Trailing Threshold Drawdown, which is explained on their website.
Once you have passed the evaluation, you will receive an email that includes a link to pay for your PA, cancel your evaluation account, and sign the contract for a PA. The system will see that you have completed the seven days of trading and met the goal and will start the process on the eighth day. This process is automated, and there is no need to submit a ticket to the help desk.
Apex Trader Funding’s evaluation process is straightforward and easy to follow. They have a Master Training Course page that provides step-by-step, direct links to what you need to know to get started before trading. Their evaluation accounts have no consistency rules, except for not keeping a position or a pending order open past 4:59 PM ET. However, they have recently changed this rule, and they will cancel open positions and pending orders attached to a position. You must still cancel orders that are not attached to a position; otherwise, they will remain and liquidate your account.
Apex Trader Funding’s evaluation programs offer a one-step evaluation process, real-time data included, simple risk management rules, and a maximum position size. Their traders can receive up to $300,000 in funding, and they have the highest payments of any firm. When it comes to withdrawals, Apex Trader Funding allows traders to withdraw profits once per month with no fees. Overall, their evaluation process is fair, and getting funded is a straightforward process.
Profit and Payout Details
When it comes to Apex Trader Funding, the profit and payout details are some of the most important aspects to consider. The profit split is very generous, and the payout process is smooth and efficient.
Firstly, let’s talk about the profit split. Apex Trader Funding offers one of the most generous profit-sharing plans in the market. For the first $10,000, you make 100% of the profits. After that, the company pays out 90% of your profits. This means that you get to keep the majority of your earnings, which is a great incentive to keep trading and making profits.
In terms of profit goals, Apex Trader Funding doesn’t set a specific target for traders to hit. Instead, the company encourages traders to trade consistently and profitably. As long as you’re making profits and trading consistently, you’ll be able to reach your payout goals and continue trading with the company.
When it comes to payouts, Apex Trader Funding has a minimum balance requirement of $52,600. Once your balance reaches this amount, you can request a payout of up to $2,000. It’s important to note that your balance cannot go below $50,100 without failing the evaluation.
The payout process is handled through www.deel.com, and it’s smooth and efficient. Traders can expect to receive their payouts within a few business days after requesting them.
Overall, the profit and payout details at Apex Trader Funding are very attractive. The generous profit split and efficient payout process make it a great option for traders looking to grow their accounts and make consistent profits.
User Reviews and Trustworthiness
When considering a trading company like Apex Trader Funding, it’s important to take into account user reviews and trustworthiness. One popular platform for user reviews is Trustpilot, where Apex Trader Funding has a 4.5-star rating out of 5 based on over 100 reviews. Most users praise the company for its transparency, ease of use, and helpful customer support.
However, it’s important to note that some negative reviews mention issues with the funding process or difficulties in meeting the company’s requirements. It’s important to carefully read through reviews and take them into account when making a decision about using Apex Trader Funding.
Overall, Apex Trader Funding appears to be a legitimate trading company with a strong presence in the trading community. With over 30,000 members in more than 100 countries, the company has built a reputation for helping traders trade well and providing funding opportunities to those who meet their requirements.
If you’re considering using Apex Trader Funding, it’s important to thoroughly research the company and its requirements to ensure that it’s the right fit for you. Take user reviews and trustworthiness into account, but also consider your own goals and trading style to make an informed decision.
Comparison with Other Trading Firms
When it comes to funding companies, Apex Trader Funding stands out from the competition in several ways. Here’s a brief comparison of Apex Trader Funding with some of the other popular trading firms in the market:
- Tradovate: Tradovate offers a similar funding model to Apex Trader Funding but with a lower maximum account size of $150,000. Additionally, Tradovate requires traders to complete multiple steps to pass the evaluation, whereas Apex Trader Funding only requires passing a single step.
- Earn2Trade: Earn2Trade offers a funded trader program with a maximum account size of $500,000, which is larger than Apex Trader Funding’s maximum account size of $300,000. However, Earn2Trade’s evaluation process is more complex and takes longer to complete than Apex Trader Funding’s.
- Topstep: Topstep offers a maximum account size of $150,000, which is lower than Apex Trader Funding’s maximum account size. Additionally, Topstep’s evaluation process requires traders to complete multiple steps, whereas Apex Trader Funding only requires passing a single step.
- LeeLoo Trading: LeeLoo Trading offers a similar funding model to Apex Trader Funding but with a smaller maximum account size of $250,000. Additionally, LeeLoo Trading requires traders to trade a specific number of contracts to pass the evaluation, whereas Apex Trader Funding only requires passing a single step.
- FTMO: FTMO offers a funded trader program with a maximum account size of $300,000, which is the same as Apex Trader Funding’s maximum account size. However, FTMO’s evaluation process is more complex and takes longer to complete than Apex Trader Funding’s.
- NinjaTrader License: NinjaTrader License offers a software license for trading but does not offer a funded trader program like Apex Trader Funding and the other companies listed above.
Overall, Apex Trader Funding’s funding model is straightforward and transparent, and their evaluation process is quick and easy to pass compared to some of the other trading firms. However, other firms may offer larger account sizes or different evaluation processes, so it’s important to do your research and choose the company that best fits your trading goals and style.
Trading Restrictions and Policies
When it comes to trading restrictions and policies, Apex Trader Funding has a few important rules that you need to be aware of. These policies are in place to ensure that all traders are trading responsibly and within the company’s guidelines.
Firstly, there are no restrictions on trading styles. You are free to use any trading style that you prefer, whether it’s scalping, swing trading, or any other style. However, you must follow the Code of Conduct and act professionally at all times.
As for news trading, it is allowed, but you should be aware of the potential risks involved. News events can cause significant market volatility, which could lead to large losses if you are not careful. It is recommended that you exercise caution when trading around news events.
Real money trading is allowed, but it is important to remember that you are trading with Apex Trader Funding’s capital. This means that you must follow the company’s rules and guidelines at all times. You are not allowed to withdraw any profits until you have met the profit goal and other requirements of the evaluation account.
Day traders are welcome at Apex Trader Funding. However, you must trade for a minimum of 7 trading days, and they do not need to be consecutive. You must also meet the profit goal and other requirements of the evaluation account.
Trading hours are determined by the exchange of the instrument you are trading. You can check the trading hours for your instrument by logging into RTrader and viewing the risk parameters for your account.
Finally, Apex Trader Funding offers a maximum leverage of 10:1. This means that for every $1 of capital you have, you can trade up to $10 of notional value. This is to ensure that traders are not taking on excessive risk and are trading responsibly.
Overall, Apex Trader Funding has clear and reasonable trading restrictions and policies in place to ensure that all traders are trading responsibly and within the company’s guidelines.
Payment and Withdrawal Options
When it comes to payment and withdrawal options, Apex Trader Funding provides a few different choices for its traders. In terms of payments, the company accepts wire transfers and credit card payments. However, it is important to note that Apex Trader Funding does not accept PayPal or Skrill payments at this time.
When it comes to withdrawing money, traders have the option to request a payout once their account balance reaches a certain minimum amount. The current minimum balance required to request a payout is $52,600. Once a trader has met this requirement, they can request a payout of up to $2,000. It is important to note that a trader’s balance cannot go below $50,100 without failing the account.
Apex Trader Funding offers different payout methods, including Wise and international wire transfers. Traders can choose their preferred payout method by logging into their account and selecting the “Payout Method” menu item. If a trader needs to change their payout method, they can clear their Wise payment information and choose the “International” option from the dropdown menu.
It is important to note that there may be fees associated with withdrawing money from an Apex Trader Funding account. These fees can vary depending on the payout method chosen and the amount of money being withdrawn. Traders should review the fees associated with their chosen payout method before making a withdrawal request.
Overall, Apex Trader Funding provides a few different payment and withdrawal options for its traders. While there may be fees associated with withdrawing money, the company offers different payout methods to accommodate traders’ needs.
Types of Futures to Trade
When trading with Apex Trader Funding, you are limited to trading Futures products listed on the following exchanges: CME, COMEX, NYMEX, and CBOT. Futures contracts are agreements to buy or sell an underlying asset at a future date and at a predetermined price.
One of the advantages of trading with Apex Trader Funding is that you can trade micros, which are smaller versions of regular futures contracts. Micros allows you to trade with less capital and risk, making them an excellent option for beginners or traders with smaller accounts.
It’s important to note that when trading with Apex Trader Funding, you are trading with a static account. This means that you will not be able to deposit or withdraw funds from your account, and your account size will remain the same throughout your trading evaluation.
If you are interested in trading on the Eurex exchange, you will need to apply for a separate evaluation. The Eurex exchange offers futures and options on European equity indexes, interest rates, and more.
When trading with Apex Trader Funding, your goal is to make profitable trades while adhering to the rules and guidelines set forth in the evaluation account rules and code of conduct. It’s essential to have a solid understanding of the futures markets you are trading and to have a well-developed trading strategy to increase your chances of success.
Overall, Apex Trader Funding offers traders an opportunity to trade futures with significant capital and high payouts. By trading micros and following the evaluation account rules, you can work towards earning a funded account and becoming a successful futures trader.