Apex Trader Funding Prop Firm Review – When evaluating Apex Trader Funding Prop Firm, it is a proprietary trading platform set up to help traders in their journey with capital and resources for futures and other markets trading. This review will look into Apex Trader Funding’s distinctive features, ways of evaluation, funding options, and trading platforms to assist you in knowing if it is the right choice for your trading career. Explore how Apex Trader Funding stands out in the industry with trader-friendly policies, flexible account sizes, and full support given to traders-all of which create the perfect opportunity, both for professional traders and beginners looking to take advantage of firm capital for their trading strategies.
Features of Apex Trader Funding Prop FirmÂ
- Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.
- Max balance: $300,000
- Profit split: 90%
- Cost: from $137/month
- Receive 100% of the first $25,000 per Account and 90% Beyond That
- Two Payouts per Month
- Trade Full-Sized Contracts in Evaluations or Funded Accounts
- No Scaling or Failing by Going Over Contract Size
- No Daily Drawdowns
- Trade on Holidays
- Trade Your Normal Day-to-Day Strategy or System During The News
- No Total Cap on Maximum Payout
- One-Step Evaluation Process
- Real-Time Data Included
- Simple Risk Management Rules
- Trade With Multiple Accounts up to 20 max
Trading Platforms of Apex Trader Funding Prop FirmÂ
NinjaTrader, Tradovate, TradingView, Wealthcharts (web platform), Trader, ATAS, Bookmap, Edgeclear, Finamark, Jigsaw Trading, Motivewave, Quantower, Rithmic, Sierra Chart, Volfix, and Rithmic.
Rules of the Apex Trader Funding Program
Evaluation Process
- Two-Step Evaluation: The program is designed to have, in principle, a two-step evaluation process devised to test a trader’s skills and risk management. It can be a demo of trading competency by achieving predetermined targets for profit and loss.
- Evaluation Criteria: Traders must achieve their profit objectives with control of drawdown within the limit and adherence to other trading rules.
Risk Management Rules
- Drawdown Limits: Traders should be extra cautious in their risk, ensuring that they are at or below the maximum possible drawdown limit according to the rules, which regard daily and overall account drawdowns.
- Maximum Loss Limits: These are thresholds for maximum losses that traders must avoid hitting the firm’s loss limits.
Trading Restrictions
- Strategy Flexibility: With Apex Trader Funding, most of the time, there is allowance for a wide range of trading strategies and would include scalping, day trading, and swing trading. However, specific strategies should be reviewed to ensure compliance with firm policies.
- Overnight/Weekend Position Holding: Most of the time, traders are allowed to hold positions overnight or even over weekends; however, there is always a need to check on the specific limitations concerning holding periods.
Account and Trading Rules
- Minimum Trading Activity: One might find minimum trading activities, like the number of trades that one needs to execute in a day or week, just to ensure that participation is going on with continuity.
- Trade Limits: Many firms limit the number of trades or size of position that can be taken to reasonably manage risk.
Evaluation Fees
- Fee Structure: Traders will have to pay the evaluation fee. It depends on the account size chosen by a trader and the type of evaluation program. It reaches the cost of entering into the process of evaluation.
Profit Sharing and Payouts:
- Division of Profits: The traders are given the greater chunk of the profit sharing, at times as big as 80-90%, and the rest of the percentage is taken by the firm. – **Frequency of Payout:** The payout frequency is generally in cyclic periods, like on a weekly or fortnightly basis, specifying the mode of available withdrawal and fees.
Support and Compliance:
- Education and Support: Apex Trader Funding may offer education and support to more fully understand the rules as well as to enhance one’s trading abilities.
- Compliance Requirements: The trader is obliged to follow all the firm’s rules and regulations in order not to lose the status of having a funded account. Non-compliance with the rules may result in penalties, including funded account termination.
Account Resets And Failures:
- Reset Option: In the case when some trader doesn’t pass the evaluation, an option to reset could be made available at an increased price.
- Penalty on Failure: The price of resetting increases after multiple failures, or the trader will not have any further access to evaluations.
Pros of Apex Trader Funding Prop FirmÂ
- Streamlined one-step evaluation
- Excellent profit split or payout
- Two payouts per month
- No total cap on the maximum payout
- Relaxed trading rules and allows holiday trading
- Solid reputation across the board
- Considerably cheaper than most other prop firms, they often offer deals, for $18 you can get $50k accounts (normally $37)
- No daily drawdown and scaling restrictions
- Simplified risk management strategies
- Available in over 100 countries
- No daily profit targets
- Trade on your schedule – no consecutive trading day rules
- You are allowed to copy trade up to 20 accounts
Cons of Apex Trader Funding Prop FirmÂ
- Only supports future trading
- Doesn’t support cross session trading
- You can’t flip the account over 20% and can’t trade news
- Financing package for expert traders Trader Apex
- Typical traders could run into financial difficulties
- Limitations on the largest position size allowed in active accounts
Key Factors that Affect Apex Trader Funding Payouts
- Profit Targets: The trader must be informed of the profit targets stipulated by Apex, since this will constitute the eligibility for a payout.
- Drawdown Limits: The concept of the maximum drawdown limit is very important to understand because that limit cannot be violated, or else one would not qualify for the payout.
- Payout Frequency: The payout frequency is commonly monthly in Apex Trader Funding, but that might change over time, so it’s good to get informed of the schedule.
- Payout Methods: The company supports various payout methods. Traders should choose the most comfortable option for them that also keeps costs as low as possible.
Frequently Asked Questions (FAQs)
What is Apex Trader Funding?
- Apex Trader Funding is a US-based company that operates prop trading. Due to the high demand for futures traders, they have come up with a funded trader program. The service is available for a monthly subscription fee of $137 up to $657. The company offers access to master accounts, evaluation accounts, and unlimited financing accounts for trading purposes to empower traders all over the world. The company is already well-established, featuring a group of truly talented traders; besides a few options to trade on different kinds of assets, it also provides transparent standards for the evaluation, best ideas of investing at the peak, trade copier software, and a free license for Ninjatrader. Since opening this account, more than 30,000 professional traders from over 150 countries have joined Apex. They believe in removing trade inhibitions to help worldwide traders achieve successes in the long run. The firm’s owner is Darrell Martin. He founded it in the year 2021. Its principal place of business is Austin, Texas.
What are the Apex Trader Funding account sizes?
- With Apex Trader Funding, you can choose a few different options as far as account size goes, and two types of evaluations. Account balances can range from $25,000 up to $300,000. Respectively, the evaluation costs range from $147 a month for the smaller account up to $657 for the bigger one. You are allowed to trade with up to 20 accounts simultaneously with Apex Trader Funding.
How much will the Apex Trader Funding payout?
- The Apex Trader Funding pays the trader 100% profit split on the first $25,000 in profits. You can request up to two payouts per month, which is good.
How does the Apex Trader Funding evaluation work?
- It follows a structured evaluation process through which the Apex program selects skilled traders who deserve funding. It consists of various stages, starting with the initial evaluation phase where traders are screened about their trading potential by being given a simulated account with real market time. The successful candidates enter the live trading evaluation phase where the commencement of trading with real cash provided by Apex takes place. Basically, to get funding, you must hit a profit target on your evaluation account – simulated trading from an account size that you are trading.
