Explore the world of Apex Trader Funding, where trading efficiency meets flexibility. With up to $300,000 in funding and a trader-friendly approach, it’s an ideal platform for ambitious traders.
Explore the world of Apex Trader Funding, where trading efficiency meets flexibility. With up to $300,000 in funding and a trader-friendly approach, it’s an ideal platform for ambitious traders.
- Versatile Contract Sizes up to $300,000.
- One-Step Evaluation Process.
- Acceptance of Various Trading Strategies.
- Competitive Profit Split for Funded Traders.
- Comprehensive Educational Resources and Support.
Table of Contents
Apex Trader Funding Review
Apex Trader Funding, a prominent prop trading firm, offers a range of funded accounts varying from $25,000 to $300,000. The pricing structure for these accounts ranges from $147 to $657.
Trading Conditions and Offerings
The firm sets a high bar for traders with a generous profit split of 90%. Interestingly, there is no daily loss limit, allowing traders a bit more flexibility in their trading strategy. However, they do enforce a maximum drawdown limit that varies between 6% and 2.5%, depending on the account size. The profit target is set at a steady 6%, striking a balance between achievability and challenge. As for trading options, Apex Trader Funding provides access to a diverse array of markets. Traders can engage with Equity Futures, Forex, Agricultural, Energy, Interest Rate, Metals, and even Crypto Futures, offering a broad spectrum for trading strategies.
Diverse Market Access at Apex Trader Funding
One of the key strengths of this London-based company is its diverse market access. It caters to a wide range of trader preferences, from traditional equity futures to the more volatile crypto futures market.
Understanding Apex Trader Funding
At its core, Apex Trader Funding is a proprietary trading firm that specializes in offering trader funding programs to day traders across the globe. This London-based company stands out with its unique approach, allowing skilled traders to use Apex’s capital to trade futures contracts, including micro contracts.
One-Step Evaluation Process
Apex Trader Funding distinguishes itself with its One-Step Evaluation Process. This streamlined assessment invites traders to demonstrate their trading skills over a specific period. Successful candidates who meet the profit target are then provided with a fully funded trading account.
Adaptive Trading Platform and Risks
The funded programme offers an adaptive platform that supports various trading strategies, catering to a broad spectrum of trading ambitions. However, it’s important for traders to be aware of the risks associated with futures trading. Note: This overview of Apex Trader Funding is for informational purposes only and should not replace professional financial advice. For any financial decisions, consulting with a qualified financial advisor is recommended.
How Apex Trader Funding Operates
Apex Trader Funding functions through a straightforward process designed for traders. The initial step involves choosing an evaluation account, with contract sizes ranging from $25,000 to $300,000. The cost of these evaluation programs is determined by the contract size selected.
The One-Step Evaluation Process
After registration, traders embark on the One-Step Evaluation Process. The objective is clear: achieve the predefined profit goal within the designated trading days.
Adherence to Trading Rules
During the evaluation phase, traders are required to follow specific rules. These include staying within the daily loss limit, avoiding overnight position holding, and other critical guidelines. Successfully meeting the profit target within the stipulated timeframe, without violating any rules, results in the trader being granted a funded account with similar rules and objectives. Traders have the advantage of monitoring their trading activities and managing their accounts through an efficient trader dashboard.
Is Apex Trader Funding Legitimate?
Apex Trader Funding has established itself as a legitimate and trustworthy prop trading firm. This is evident from its impressive 4.8 out of 5 rating on Trustpilot, backed by more than 3,500 user reviews. A remarkable 93% of these reviews are 5-star, showcasing the firm’s dedication to offering top-notch service and dependable trading opportunities. The predominance of positive feedback speaks volumes about the satisfaction level among the firm’s users. The transparency of Apex Trader Funding, along with its clear set of rules and a straightforward evaluation process, further solidifies its status as a reputable entity in the prop trading world. The numerous success stories and positive testimonies from a diverse array of traders highlight its efficacy and dependability. It’s worth noting, however, that there are a handful of critiques, mainly focusing on customer support aspects. Yet, these few negative remarks do not significantly overshadow the overwhelmingly positive image of Apex Trader Funding in the trading community.
Apex Trader Funding Versus Its Competitors
When evaluating Apex Trader Funding, it’s crucial to consider how it stacks up against other prop trading firms like Topstep, Earn2Trade, Leeloo Trading, The Trading Pit, and FTMO, each known for their distinct features and offerings.
Comparison with Topstep
Topstep is renowned for its emphasis on trader education, offering a wealth of resources beneficial for novices. In a direct comparison of Topstep versus Apex Trader Funding, Topstep appears more suitable for beginners seeking educational support. On the other hand, Apex Trader Funding prides itself on its straightforward approach and larger contract sizes.
Apex Trader Funding’s Track Record
As of July 2023, Apex Trader Funding’s achievement in disbursing over $25 million to traders highlights its robust track record in fostering trader success. This achievement is a testament to the firm’s efficiency and the lucrative opportunities it presents to its clients.
Why Choose Apex Trader Funding?
In summary, Apex Trader Funding distinguishes itself with clear rules, larger contract sizes, and competitive profit splits. These qualities make it an excellent option, particularly for seasoned traders seeking greater flexibility and minimal restrictions in their trading endeavors.
Apex Trader Funding Options Overview
Apex Trader Funding caters to diverse trader needs by offering a range of trading options. These options are tailored to suit varying levels of starting capital, contract sizes, profit goals, and fee structures. Here’s a detailed breakdown of what traders can expect:
25K FULL Option
- Starting Capital: $25,000
- Trading Contracts: 4 (40 Micros)
- Profit Goal: $1,500
- Trailing Threshold: $1,500
- Monthly Fee: $147
- No daily drawdown or scaling rules
50K FULL Option
- Starting Capital: $50,000
- Contracts: 10 (100 Micros)
- Profit Goal: $3,000
- Trailing Threshold: $2,500
- Monthly Fee: $167
- No daily drawdown or scaling rules
75K FULL Option
- Starting Capital: $75,000
- Contracts: 12 (120 Micros)
- Profit Goal: $4,250
- Trailing Threshold: $2,750
- Monthly Fee: $187
100K FULL Option
- Starting Capital: $100,000
- Contracts: 14 (140 Micros)
- Profit Goal: $6,000
- Trailing Threshold: $3,000
- Monthly Fee: $207
150K FULL Option
- Starting Capital: $150,000
- Contracts: 17 (170 Micros)
- Profit Goal: $9,000
- Trailing Threshold: $5,000
- Monthly Fee: $297
250K FULL Option
- Starting Capital: $250,000
- Contracts: 27 (270 Micros)
- Profit Goal: $15,000
- Trailing Threshold: $6,500
- Monthly Fee: $517
300K FULL Option
- Starting Capital: $300,000
- Contracts: 35 (350 Micros)
- Profit Goal: $20,000
- Trailing Threshold: $7,500
- Monthly Fee: $657
100K STATIC Option
- Static Contract Limit: 2 (20 Micros)
- Profit Goal: $2,000
- Total Drawdown Limit: $625
- Monthly Fee: $137
Each option includes a complimentary NinjaTrader License (worth $75) and real-time data fees (worth $55). For traders needing re-evaluation, Apex Trader Funding offers resets at $80 per reset, without a cap on the number of resets. Once funded, traders pay a monthly account fee of $85, applicable up to 20 paid accounts. This fee encompasses data and NinjaTrader platform fees, with one-time fee options also available.
Ideal Candidates for Apex Trader Funding
Identifying the ideal demographic for Apex Trader Funding reveals that it is particularly well-suited for specific types of traders. Here’s a closer look at who can benefit the most from its offerings:
Day Traders
Day traders will find Apex Trader Funding especially conducive to their trading style. The firm’s straightforward rule set, coupled with the opportunity to leverage the firm’s capital, makes it a highly appealing option. This setup allows day traders to minimize their risk while capitalizing on the potential for significant profits.
Traders Seeking Flexibility
Apex Trader Funding stands out for its ability to accommodate a diverse array of trading strategies. Traders who value flexibility in their approach to the markets will find the firm’s offerings to be particularly advantageous. This adaptability enables traders to tailor their strategies according to market conditions and personal preferences.
Traders Aiming for Higher Contract Sizes
For traders targeting higher contract sizes, Apex Trader Funding is a go-to choice. The firm’s funding programs, which offer contract sizes up to $300,000, cater to those who aspire to operate with larger contract sizes. This feature is a significant draw for traders looking to scale up their trading activities and enhance their potential for larger returns.
Supported Trading Platforms by Apex Trader Funding
Apex Trader Funding extends support to an extensive array of futures trading platforms, ensuring that every account is equipped with free real-time data and a complimentary NinjaTrader license key, adding to the cost-effectiveness of their services.
Comprehensive List of Supported Platforms
- NinjaTrader
- TradingView
- Tradovate
- Rithmic
- Wealthcharts (Web-Based)
- Trader
- Jigsaw Trading
- ATAS
- Bookmap
- Edgeclear
- Finamark
- Motivewave
- Quantower
- Sierra Chart
- Volfix
Recommended Platforms for Beginners
For traders taking their initial steps, Apex Trader Funding specifically recommends NinjaTrader 8 or Rithmic RTrader Pro. It’s important to first download Rithmic to activate the data feed and facilitate trade placements.
Additional Access with Rithmic Login
By using a Rithmic login, users gain access to a host of other platforms, including Bookmap, Finamark, and Volfix, broadening their trading possibilities. Although MetaTrader 4 and 5 are not supported, the range of available platforms caters well to various trading preferences and strategies, ensuring that traders have access to robust and versatile trading tools.
Benefits of Choosing Apex Trader Funding
Opting for Apex Trader Funding brings a suite of advantages, catering to various trading needs and preferences. Here are the most significant benefits:
Versatile Contract Sizes
With contract sizes ranging from $25,000 to $300,000, Apex Trader Funding offers a wide array of account sizes. This diversity enables traders to select an account that best aligns with their trading objectives and risk management strategies.
Simplified Rule Set
The firm’s straightforward rule set simplifies the evaluation process for traders, making it more accessible and understandable.
Acceptance of Diverse Trading Strategies
Apex Trader Funding stands out for its acceptance of a broad spectrum of trading strategies, including News trading methods. This flexibility allows traders to achieve their profit targets in a manner that resonates with their unique trading style.
Attractive Profit Split
Traders benefit from a competitive profit split post-funding, retaining a considerable share of their trading profits.
Trade Copier Software
The Trade Copier software provided by Apex Trader Funding enables traders to automate their trades, proving especially beneficial for those using automated trading systems.
Advanced Trading Platforms
Apex Trader Funding offers state-of-the-art trading platforms like Rithmic and Tradovate, known for their user-friendliness and efficiency in executing trades across multiple accounts.
Educational Resources and Mobility
The firm offers a 30-day free educational course and one-on-one mentorship, along with a mobile app for trading on the go, enhancing both learning and convenience.
Exceptional Customer Service
Known for its rapid live chat responses and comprehensive FAQ, Apex Trader Funding also boasts a stellar 4.8-star rating on Trustpilot, reflecting its commitment to customer satisfaction.
Robust Data Security
Apex Trader Funding prioritizes data security with advanced features like encryption and 24/7 monitoring, ensuring the safety of users’ information and payment details.
Clear Pricing and Investment Options
With monthly account options ranging from $147 to $677, the firm offers transparent pricing and clear commission structures.
Efficient Fast-Track Trading
The evaluation process at Apex Trader Funding is notably quick, taking just 7 days, with options for immediate withdrawals post 10 days of trading.
Enhanced User Experience
Apex Trader Funding ensures an intuitive trading experience with real-time data, a variety of account options, and a focus on user growth and financial success.
Limitations of Apex Trader Funding
While Apex Trader Funding offers numerous benefits, it’s important for traders to be aware of certain limitations inherent to its services:
No Overnight Positions
A key limitation at Apex Trader Funding is the prohibition on holding positions overnight. Traders are required to close all their positions by the end of the trading day. This restriction can be a significant constraint for strategies that rely on holding trades over an extended period, potentially affecting traders who prefer such approaches.
Final Thoughts on Apex Trader Funding
Apex Trader Funding emerges as a simplified, flexible solution for traders aiming to secure a funded account for futures contract trading. Its One-Step Evaluation Process, coupled with transparent rules and the acceptance of a wide range of trading strategies, positions it as a strong contender in the prop trading arena. This review highlights Apex Trader Funding as an attractive option, particularly for day traders seeking funding opportunities. With the provision of significant contract sizes, reaching up to $300,000, it caters to traders with varying ambitions and strategies. Interested traders can sign up today to embark on their trading journey with Apex Trader Funding.