Apex Trader Funding is a company that provides capital and support for futures traders who want to trade with real money without risking their own capital. Apex Trader Funding offers a funded trading program that allows traders to get funded by passing an evaluation process that tests their skills and discipline.
Let us dive into more details of Apex Trader Funding, according to our web search.
Apex Trader Funding Challenge
The Apex Trader Funding challenge is the evaluation process that traders need to go through to get funded by Apex Trader Funding. The Apex Trader Funding challenge has only one step, unlike some other funded trading programs that require multiple phases or trials. The trader can choose from seven account plans, ranging from $25K to $300K, depending on their trading style and risk appetite. Each account plan has different rules and parameters, such as profit target, maximum loss, trailing drawdown, daily loss limit, scaling plan, and contract limit. The trader needs to follow these rules and parameters while trading for at least 7 days in the evaluation period. The trader can trade any futures contracts listed on CME, CBOT, NYMEX, COMEX, ICE US, or EUREX exchanges. The trader can use any trading platform that supports Rithmic data feed, such as NinjaTrader, Sierra Chart, Bookmap, etc.
Apex Trader Funded Account
If the trader passes the Apex Trader Funding evaluation process, they can become a funded trader with Apex Trader Funding and receive their funding within 24 hours. The funded trader can continue trading with the same account plan and rules as in the evaluation period. The funded trader can receive up to 90% of their net profits. The payout is calculated based on the net profits after deducting commissions and fees.
Apex Trader Funding Challenge Fees
The Apex Trader Funding challenge fees are the one-time payments that traders need to make to enroll in the evaluation process. The challenge fees vary depending on the account plan that the trader chooses. Here is a table that summarizes the challenge fees for each account plan:
| Account Plan | Challenge Fee |
|---|---|
| $25K FULL | $147 |
| $50K FULL | $167 |
| $75K FULL | $187 |
| $100K FULL | $207 |
| $150K FULL | $297 |
| $250K FULL | $517 |
| $300K FULL | $657 |
Apex Trader Funding Retry
If the trader fails the evaluation process, they can retry the same account plan or switch to a different account plan by paying a discounted fee. The discounted fee is 50% of the original challenge fee for the same account plan or 75% of the original challenge fee for a different account plan.
Apex Trader Funding Fee Refund
If the trader passes the evaluation process and becomes a funded trader, they can get a full refund of their challenge fee after reaching their first profit target in their funded account.
How to Pass the Apex Trader Funding Challenge
To pass the Apex Trader Funding challenge, the trader needs to achieve their profit target while following the rules and parameters of their account plan. The trader also needs to trade for at least 7 days in the evaluation period and complete at least 10 trades. The trader should avoid violating any of the rules or parameters, such as exceeding the maximum loss, trailing drawdown, daily loss limit, or contract limit. The trader should also use proper risk management and trading strategies that suit their trading style and market conditions.
Apex Trader Funded Account Rules
The Apex Trader funded account rules are the same as the challenge rules for each account plan and account type. The funded trader needs to follow these rules and parameters while trading in their funded account. The funded trader also needs to trade for at least 10 days per month and complete at least 20 trades per month. The funded trader should avoid violating any of the rules or parameters, such as exceeding the maximum loss, trailing drawdown, daily loss limit, or contract limit. The funded trader should also use proper risk management and trading strategies that suit their trading style and market conditions.
Apex Trader Funding Scaling Plan
The Apex Trader Funding scaling plan is the feature that allows the funded trader to increase their trading capital and contract limit based on their performance and consistency. As seen in Apex Trader Funding website, the account sizes have no scaling plans assigned to them ranging from the $25k account to the $300k account.
Apex Trader Funding Payout Proof
Apex Trader Funding claims to have paid out millions of dollars to their funded traders. Apex Trader Funding also claims to have a transparent and fast payout process that takes less than 24 hours to process the payout request. Apex Trader Funding provides some screenshots of their payout proofs on their website and social media channels, such as Facebook, Twitter, Instagram, etc. However, these screenshots may not be verified or authenticated by independent sources or third parties.
Apex Trader Funding Deposit Methods
Apex Trader Funding does not require any deposit or upfront payment from the funded traders. The only payment that the funded traders need to make is the challenge fee to enroll in the evaluation process. The challenge fee can be paid via PayPal, credit card, debit card, or bank transfer.
Apex Trader Funding Withdrawal
Apex Trader Funding allows the funded traders to withdraw their profits on a monthly basis. The withdrawal request can be made via email or phone call to the support team of Apex Trader Funding. The withdrawal request will be processed within 24 hours and the payout will be sent via PayPal, bank transfer, or wire transfer.
Apex Trader Funding Payment Methods
Apex Trader Funding accepts PayPal, credit card, debit card, or bank transfer as payment methods for the challenge fee. Apex Trader Funding sends PayPal, bank transfer, or wire transfer as payment methods for the monthly payout.
Apex Trader Funding Brokers
Apex Trader Funding does not use any brokers or intermediaries for their funded trading program. The funded traders can trade directly with the Rithmic data feed and execution service, which is one of the leading providers of low-latency market data and order routing solutions for futures trading. The funded traders can also choose from a variety of trading platforms that support Rithmic data feed, such as NinjaTrader, Sierra Chart, Bookmap, etc.
Apex Trader Funding Platforms
Apex Trader Funding allows the funded traders to use any trading platform that supports Rithmic data feed, such as NinjaTrader, Sierra Chart, Bookmap, etc. The funded traders can also use multiple trading platforms simultaneously with the same Rithmic login credentials. The funded traders can access the Rithmic data feed and execution service via desktop, web, or mobile devices.
Apex Trader Funding Instruments
Apex Trader Funding allows the funded traders to trade any futures contracts listed on CME, CBOT, NYMEX, COMEX, ICE US, or EUREX exchanges. The funded traders can trade a wide range of instruments, such as indices, currencies, commodities, metals, energies, bonds, etc. The funded traders can also trade micro and mini contracts, such as MES, MNQ, M2K, etc.
Apex Trader Funding Inactivity
Apex Trader Funding does not charge any inactivity fee or penalty from the funded traders. However, Apex Trader Funding expects the funded traders to trade for at least 10 days per month and complete at least 20 trades per month to maintain their funded account status. If the funded trader does not meet these minimum activity requirements for two consecutive months, their funded account may be suspended or terminated by Apex Trader Funding.
Apex Trader Funding KYC
KYC stands for Know Your Customer, which is a process of verifying the identity and address of the customers by requesting certain documents and information from them. Apex Trader Funding requires the funded traders to complete the KYC process before receiving their funding and monthly payout. The KYC process involves submitting a copy of a valid government-issued ID (such as passport, driver’s license, national ID card, etc.) and a proof of address (such as utility bill, bank statement, lease agreement, etc.) to Apex Trader Funding via email or online portal.
Apex Trader Funding Leverage
Leverage is the ratio of the trading capital to the margin requirement for each contract. Apex Trader Funding provides a leverage of up to 100:1 for their funded traders. This means that the funded trader can trade with up to 100 times more capital than their margin requirement for each contract. For example, if the margin requirement for one ES contract is $500 and the funded trader has a $50K account plan, they can trade up to 100 ES contracts with their $50K capital. This gives them a leverage of 100:1 ($50K / $500 = 100).
Apex Trader Funding Margin Call
Margin call is a situation where the funded trader’s account equity falls below the margin requirement for their open positions. If the funded trader receives a margin call, they need to close some or all of their open positions or deposit more funds to their account to meet the margin requirement. If the funded trader fails to do so, their open positions may be liquidated by Apex Trader Funding or Rithmic to prevent further losses. Apex Trader Funding does not provide any margin call warning or notification to the funded traders. It is the funded trader’s responsibility to monitor their account equity and margin requirement at all times.
Apex Trader Funding Maximum Drawdown and Minimum Profit Target
Maximum drawdown is the maximum amount of loss that the funded trader can incur from their peak equity to their trough equity in their funded account. Maximum drawdown varies depending on the account plan and account type that the funded trader chooses.
Also, minimum profit target is the minimum amount of net profit that the funded trader needs to achieve in their funded account to receive their monthly payout. Minimum profit target varies depending on the account plan and account type that the funded trader chooses.
Apex Trader Funding Coupon Codes & Discount
According to some web sources, there are some coupon codes that can give customers discounts on Apex Trader Funding. However, these coupon codes may have some limitations or conditions, such as:
- They may not apply to all account plans or account types.
- They may not be valid for past, present, or future accounts or billing adjustments.
- They may expire or change at any time without notice.
Therefore, it is advisable to check the validity and applicability of these coupon codes before using them.
Apex Trader Funding Risk Management
Risk management is the process of controlling the exposure to potential losses in trading. Apex Trader Funding provides some risk management rules and guidelines for the funded traders to follow, such as:
- Daily loss limit: The maximum amount of loss that the funded trader can incur in a single trading day. If the funded trader exceeds their daily loss limit, their funded account may be suspended or terminated by Apex Trader Funding.
- Trailing drawdown: The maximum amount of loss that the funded trader can incur from their highest equity point in their funded account. If the funded trader exceeds their trailing drawdown, their funded account may be suspended or terminated by Apex Trader Funding.
- Trading hours: The time period when the funded trader is allowed to trade in their funded account. If the funded trader trades outside of their trading hours, their funded account may be suspended or terminated by Apex Trader Funding.
- Trading days: The number of days per month that the funded trader is required to trade in their funded account. If the funded trader does not meet their minimum trading days requirement, their funded account may be suspended or terminated by Apex Trader Funding.
- Trading frequency: The number of trades per month that the funded trader is required to complete in their funded account. If the funded trader does not meet their minimum trading frequency requirement, their funded account may be suspended or terminated by Apex Trader Funding.
Conclusion
Yes, I think they are one of the top prop firms out there who have a nice community feel about them. There are plenty of positive Apex Trader Funding Reviews online with users happy with the service that they provide. Yes, you will find a few negative comments but from what I saw this was mainly due to traders making their own mistakes with their trading strategies. After all, Apex Trader is just providing you with a funded account whilst you handle all of the trading activity on the accounts.
I like how they have done what they can to make this as easy as possible for you removing as many obstacles as possible so that you are free to pursue your own success in a way that works best for you. They don’t have hidden rules deep in the terms and rules are simple hit your profit target without hitting your drawdown day trading up to 23 hours a day. The Apex Trader funded program seek to be a great resource for you with genuine concern and care to help you succeed.
FAQ
What is Apex Trader Funding’s maximum drawdown?
According to their website, there is no specified daily drawdown for most of the accounts, but the total drawdown for $1ook Static is $625.
What is Apex Trader Funding’s profit target?
Apex Trader Funding’s profit target ranges from $1,500 to $20,000 depending on the account balance.
What are Apex Trader Funding’s minimum and maximum trading days?
Based on the web search result, it seems like Apex Trader Funding has a minimum trading days of 7 days and no maximum trading days.
What are Apex Trader Funding’s challenge fees?
Apex Trader Funding’s challenge fees range from $147 to $677 depending on the challenge type and account balance.
Does Apex Trader Funding offer a retry?
Based on the web search results, it seems like Apex Trader Funding offers a retry.
Does Apex Trader Funding offer a fee refund?
Based on the web search results, it seems like Apex Trader Funding does not offer a fee refund.
What is Apex Trader Funding’s profit split?
Apex Trader Funding offers up to a 90% profit split.
Does Apex Trader Funding offer a scaling plan?
Based on the web search results, it seems like Apex Trader Funding does not offer a scaling plan.
Does Apex Trader Funding allow expert advisors?
Based on the web search results, it seems like Apex Trader Funding does not allow expert advisors.
Does Apex Trader Funding offer a free trial?
Based on the web search results, it seems like Apex Trader Funding does not offer a free trial.
What is Apex Trader Funding’s minimum deposit?
According to their website, you do not deposit any funds for investment.
What are Apex Trader Funding’s brokers?
Based on the web search results, it seems like Apex Trader Funding uses Rithmic as its broker to trade.
What are Apex Trader Funding’s platforms?
Based on the web search results, it seems like Apex Trader Funding uses the following trading platforms:
- NinjaTrader 8
- Tradovate
- Bookmap
- Finamark
- Jigsaw Trading
What is Apex Trader Funding’s leverage?
Based on the web search results, it seems like Apex Trader Funding does not use leverage. The trading account balance is the buying power, meaning that the leverage is 1:1. Your limits are defined by the maximum number of contracts that you can trade.
Is Apex Trader Funding legit?
As for the legitimacy of Apex Trader Funding, it is a prop trading firm that offers funded accounts to traders who pass their evaluation process. Apex Trader Funding claims to have some advantages over other prop trading firms, such as:
- No monthly fees or hidden charges.
- No minimum trading days or trading frequency requirements.
- Flexible trading hours and instruments.
- Generous profit split and payout options.
- Supportive and educational trading community.
However, there are also some risks and challenges associated with Apex Trader Funding, such as:
- Strict risk management rules and guidelines, such as daily loss limit, trailing drawdown, lot size limit, etc.
- No margin call warning or notification.
- Possible account suspension or termination for violating the rules or guidelines.
- Possible loss of capital or profit due to market volatility or technical issues.
Therefore, it is advisable to do your own research and due diligence before joining Apex Trader Funding. You can also read some reviews or testimonials from other traders who have experience with Apex Trader Funding.
Apex Trader Funding’s alternatives
If you are looking for alternatives to Apex Trader Funding, here are some options that you may want to consider: Earn2Trade, TopstepTrader, The Funded Trader, OneUp Trader, Maverick Trading, FundedNext, FTMO, Leeloo Trading, and so on.
It’s always a good idea to thoroughly research and compare different options before making a decision.
Apex Trader Funding
$147
Pros
- Community of traders
- Various packages to choose from
- Practice account to start
- Funded account once you pass
- Reasonable fees
- Range of bonuses
- Good support
- Low profit share
Cons
- Requires good trading skills to pass
- Not available in all countries
- Other more well known prop firms
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
