Apex Trader Funding Review 2024

Apex Trader Funding Overview

What is Apex Trader Funding?

Apex Trader Funding is a proprietary trading firm specializing in extending trader funding programs to dedicated day traders worldwide. Distinguished by its unique approach, this firm allows skilled traders to leverage Apex’s capital to actively trade futures contracts, inclusive of micro contracts.

Apex Trader Funding’s hallmark feature is the One-Step Evaluation Process. Simplifying the assessment for traders, this process invites participants to exhibit their trading acumen within a defined trading period. Successful traders, upon achieving the set profit target, are awarded a fully funded trading account.

With an adaptive platform that accommodates a spectrum of trading strategies, Apex Trader Funding serves a wide range of trading aspirations. However, it’s crucial to recognize the inherent risks tied to futures trading.

This overview of Apex Trader Funding serves purely informative purposes and shouldn’t supplant expert financial counsel. For any financial decisions, it’s always best to seek advice from a seasoned financial advisor.

External Apex Trader Funding Reviews & Ratings

Site	Rating
Trustpilot
Benzinga	4.5

Firsthand User Experience with Apex Trader Funding

Here are some of the most telling reviews I was able to find, from traders who have experienced the platform firsthand:

Most of the Apex Trader Funding reviews I read were generally positive, as proven by its 4.8 TrustPilot average rating. This is one of the highest ratings in the prop trading firm industry. With over 3,000 reviews, of course, there were a few complaints.

Apex Trader Funding Customer Review Analysis

Most of the negative reviews of Apex Trader Funding stemmed from bad customer support experiences. As evident by its overall rating of 4.8 out of 5 reviews from over 3,000 reviewers, bad customer service is far from the normal experience. After spending some time digging through the reviews, I found many more reviews lauding the exceptional customer service received with Apex Trader Funding.

If you look into Apex Trader Funding Reddit reviews, it’s a mixed bag. Many of the Reddit reviews I came across seemed very spammy. There were some negative posts about the withdrawal rules, but as covered below, the rules are clearly explained by Apex Trader Funding on their website.

Background of Apex Trader Funding

Apex Trader Funding simplifies the path to a funded trading account through a straightforward process. Here’s a breakdown of how it works:

Step 1: Choose an Evaluation Account

• Account Sizes: Traders can select evaluation accounts ranging from $25,000 to $300,000 in contract size. This flexibility allows traders to choose an account size that matches their trading style and goals.
• Fees: The fee for these evaluation programs varies based on the chosen contract size, ensuring that there are options for different budget levels.

Step 2: Complete the One-Step Evaluation Process

• Goal: The primary objective is to achieve the profit target within the specified trading days. This process assesses a trader’s ability to generate consistent profits under real market conditions.
• Rules: Traders must adhere to several simple rules during the evaluation period:
  • Daily Loss Limit: Do not exceed the predefined daily loss limit to manage risk effectively.
  • No Overnight Positions: All positions must be closed before the end of the trading day, ensuring that traders manage their risks overnight.
  • Adherence to Rules: Traders must follow all specified trading rules, which are designed to maintain discipline and consistency.

Step 3: Earn a Funded Account

• Criteria: If a trader completes the evaluation process by meeting the profit target within the set period without breaking any rules, they will be offered a funded account.
• Continuity: The rules and targets in the funded account are consistent with those in the evaluation stage, providing a seamless transition for successful traders.

Tools for Traders

• Trader Dashboard: Traders can track their trading progress and manage their accounts efficiently through a comprehensive dashboard. This tool provides real-time updates and insights, helping traders stay on top of their performance.

This structure ensures that traders have clear guidelines and achievable targets, while also providing robust tools to manage and monitor their trading activities effectively.

Is Apex Trader Funding Legit?

Apex Trader Funding is indeed legitimate and trustworthy. With a stellar 4.8 out of 5 rating on Trustpilot, based on over 3,500 reviews, it’s clear that the majority of its users have had positive experiences.

This high rating, with 93% being 5-star reviews, reflects the firm’s commitment to providing quality service and reliable trading opportunities. The feedback is overwhelmingly positive, indicating a high level of satisfaction among its users.

The firm’s transparency, clear rules, and straightforward evaluation process contribute to its legitimacy. Furthermore, the success stories and positive feedback from a wide range of traders underscore its effectiveness and reliability as a prop trading firm.

While there are some negative reviews, primarily concerning customer support, these are relatively few and do not detract from the overall positive reputation of Apex Trader Funding.

Apex Trader Funding vs Competition

When considering Apex Trader Funding, it’s important to compare it with other prop trading firms to ensure it aligns with your trading goals and preferences. Competitors like TopStep, Earn2Trade, Bulenox, The Trading Pit, and FTMO each offer unique features and programs.

For example, TopStep is well-known for its focus on trader education, offering extensive resources that are particularly beneficial for new investors. My analysis suggests that TopStep may be more suited for traders who are just starting and looking for educational support to pass their Trading Combine. For more information check out our TopStep review.

Comparing TopStep vs Apex Trader Funding highlights the latter’s emphasis on simplicity and larger contract sizes. Apex Trader Funding’s ability to pay out over $25 million to traders, as of July 2023, suggests a strong track record of trader success.

In conclusion, Apex Trader Funding stands out for its clear rules, large contract sizes, and competitive profit splits, making it a solid choice, especially for experienced traders looking for more flexibility and fewer limitations.

Your Apex Trader Funding Options

Apex Trader Funding provides a variety of options for traders, offering flexibility in starting capital, contract sizes, profit goals, and fees. Here’s a quick rundown of the available options:

25K FULL

The entry-level option offers a starting capital of $25,000, with traders allowed to trade 4 contracts (40 Micros). The profit goal is set at $1,500, with a trailing threshold of the same value. There is a live trailing threshold of $1500. This option costs $147 per month.

50K FULL

This option provides a starting capital of $50,000 and permits 10 contracts (100 Micros). The profit goal is $3,000 with a trailing threshold of $2,500. There is a Live Trailing Drawdown of $2500. This option costs $167 per month.

75K FULL

With a starting capital of $75,000, traders can trade up to 12 contracts (120 Micros). The profit goal is $4,250, with a trailing threshold of $2,750. It carries a monthly fee of $187.

100K FULL

This option offers a starting capital of $100,000 and permits trading of 14 contracts (140 Micros). The profit goal is $6,000 with a trailing threshold of $3,000. The cost of this option is $207 per month.

150K FULL

Offering a larger starting capital of $150,000, traders can trade 17 contracts (170 Micros). The profit goal is $9,000 with a trailing threshold of $5,000. The cost of this program is $297 per month.

250K FULL

This option provides a substantial starting capital of $250,000 and allows traders to trade 27 contracts (270 Micros). The profit goal is set at $15,000 with a trailing threshold of $6,500. The monthly fee for this option is $517.

300K FULL

This is the highest tier option, with a starting capital of $300,000, allowing traders to trade up to 35 contracts (350 Micros). The profit goal is $20,000, with a trailing threshold of $7,500. The cost of this program is $657 per month.

100K STATIC

Unlike the full options, this option has a static contract limit of 2 contracts (20 Micros) regardless of the starting capital. It has a profit goal of $2,000, with no trailing threshold, but a total drawdown limit of $625. The monthly fee for this option is $137.

Each of the above options includes a free NinjaTrader License (worth $75) and free real-time data fees (worth $55).

For traders who do not meet the evaluation criteria, Apex Trader Funding offers evaluation resets at $80 per reset, with no limit on the number of resets.

Once a trader is funded, they pay a monthly account fee of $85 per account, limited to up to 20 paid accounts. This fee covers data and the NinjaTrader platform fee. One-time fee options are also available.

Who is Apex Trader Funding Best For?

Day Traders

Apex Trader’s services are custom-tailored for individuals who prefer day trading. The firm’s simple rule set, which includes no overnight positions, aligns perfectly with the day trading strategy.

Additionally, the ability to trade using the firm’s capital allows day traders to minimize their risk while maximizing their potential returns. This makes it an ideal choice for traders who thrive on daily market movements and need a platform that supports frequent, short-term trades.

Traders Seeking Flexibility

Apex Trader Funding accommodates a wide range of trading strategies, including news trading and other advanced techniques. This flexibility is crucial for traders who do not want to be confined by stringent trading rules and prefer to apply diverse strategies to optimize their trading outcomes.

Apex Trader’s platform supports various trading styles, making it a versatile choice for traders looking to leverage different market conditions and strategies.

Traders Aiming for Higher Contract Sizes

With funding programs offering contract sizes up to $300,000, Apex Trader Funding caters to traders who aim to trade with larger contract sizes. This is particularly beneficial for experienced traders who need substantial capital to execute their trading strategies effectively.

By providing access to significant funding, Apex Trader enables these traders to scale their operations and potentially achieve higher profits without risking their own capital.

Aspiring Professional Traders

For individuals looking to transition into professional trading, Apex Trader Funding offers a structured path to prove their trading proficiency. The One-Step Evaluation Process is designed to identify skilled traders and provide them with the necessary capital to succeed.

This makes Apex Trader Funding an excellent platform for aspiring professional traders who want to demonstrate their skills and secure funding to elevate their trading careers.

Risk-Averse Traders

Apex Trader Funding is also well-suited for risk-averse traders who want to limit their personal financial exposure. By using the firm’s capital, traders can engage in the market with reduced financial risk. The clear and straightforward rules, such as the daily loss limit, further help in managing risks effectively.

This allows traders to focus on executing their strategies without the constant worry of significant personal financial loss.

Trading Platforms Supported By Apex Trader Funding

Apex Trader Funding offers support for a wide range of futures trading platforms. Every account includes free real-time data and a NinjaTrader license key at no extra cost.

The supported platforms are:

• NinjaTrader
• TradingView
• Tradovate
• Rithmic
• Wealthcharts (web-based)
• RTrader Pro (Mac not supported)
• Jigsaw Trading
• ATAS
• Bookmap
• Edgeclear
• Finamark
• Motivewave
• Quantower
• Sierra Chart

Volfix

For those looking to get started, Apex Trader Funding specifically recommends NinjaTrader 8 or Rithmic RTrader Pro. Before using NinjaTrader or any other platform, it’s advised to download Rithmic first to activate the data feed and place trades.

With a Rithmic login, users can also access several other platforms, such as Bookmap, Finamark, and Volfix. Although MetaTrader 4 and 5 are not currently supported, the available options are robust and cater to a variety of trading needs.

What are Your Benefits?

Choosing Apex Trader Funding comes with several notable benefits, here are the benefits I like most:

• Wide Range of Contract Sizes: Apex Trader Funding offers a variety of account sizes, with contracts ranging from $25,000 up to $300,000. This flexibility allows traders to choose an account size that aligns with their trading goals and risk tolerance.
• Simple Rules: The firm prides itself on its simple rule set, which makes it easier for traders to understand what is required to pass the evaluation process.
• Accepts Various Trading Strategies: Unlike some prop firms that limit the allowed trading strategies, Apex Trader Funding accepts a wide range of trading methods, including News trading strategies. This flexibility allows traders to meet the profit target in ways that suit their style.
• Competitive Profit Split: Once funded, traders enjoy a competitive profit split, meaning that traders retain a significant portion of their trading profits.
• Trade Copier Software: Apex Trader Funding offers Trade Copier software, which allows traders to automate their trades. This tool is particularly useful for traders who use automated trading systems.
• Cutting-Edge Trading Platforms: Apex Trader Funding offers advanced trading platforms like Rithmic and Tradovate. Tradovate is user-friendly and lets users execute trades across multiple accounts with one click. Members also receive reduced rates for tools like Tick Strike, Markers Plus, and Ninja Suites for enhanced trading.
• Education and Mobility: They provide a 30-day free educational course and one-on-one mentorship. They also have a mobile app for trading on the move.
• Customer Service: They offer live chat with quick responses and an online form for queries which may take up to 72 hours for a reply. Their FAQ is comprehensive, and they have a 4.8-star rating on Trustpilot from over 3,500 reviews.
• Data Security: Apex prioritizes security with features like data encryption, secure servers, and third-party gateways to safeguard payment details. Other measures include password encryption and 24/7 monitoring.
• Pricing and Investment: Monthly account options range from $157 to $677. Trading activities come with clear commissions, and after 10 days of trading, users can request payouts.
• Fast-Track Trading: Evaluation takes only 7 days. They offer lifetime Price Action (PA) options, and after 10 days of trading, users can withdraw money. Traders can manage up to 20 PA accounts at once and enjoy a generous profit-split policy.
• User Experience: Apex ensures intuitive trading with real-time data, diverse account options, and a seamless evaluation process. They focus on user growth, learning, and financial achievements.

Check Apex Trader Funding website to confirm current pricing and full terms.

Limitations of Apex Trader Funding

Despite its significant advantages, it’s important to consider the limitations of Apex Trader Funding:

• No Overnight Positions: The firm does not permit holding positions overnight. Traders must close all positions by the end of the trading day, which might limit certain trading strategies that require holding trades over a longer duration.

Apex Trading Funding Review Final Thoughts

Apex Trader Funding offers a simplified and flexible platform for traders seeking to secure a funded account for trading futures contracts. With its One-Step Evaluation Process, clear rules, and the acceptance of a variety of trading strategies, it offers a robust prop trading platform.

This Apex Trader Funding review proves that it is an appealing service for any day trader aiming to get funded, offering considerable Contract Sizes up to $300,000. Click here to sign up today!

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