Is Apex Trader Funding A Scam? What You Should Know

Jeremy BiberdorfBy: Jeremy Biberdorf

September 21, 2023September 21, 2023

Apex Trader Funding Logo

Introducing Apex Trader Funding: Located in the USA, Apex Trader Funding stands out as a notable prop trading firm. Turning to Trustpilot, an online review community, Apex Trader Funding shines with an impressive score of 4.8/5.0, based on more than 2,000 reviews.

Now, you might wonder, what exactly can you trade with this prop firm? Let’s break this down in this Apex Trader funding Review.

Learn More About Apex Trader Funding

apextraderfunding.com website

Pros and cons of Apex Trading

PROS

  • Streamlined evaluation.
  • Competitive profit split.
  • Bi-monthly payouts.
  • No cap on earnings.
  • Relaxed rules.
  • Strong reputation.
  • There are no daily drawdown limits.
  • Available in 100+ countries.
  • No daily profit targets.
  • Trade on your terms.

CONS

  • It only supports future trading.
  • Monthly fees.
  • No cross-session trading.
  • Limited tech tools.

Trading Offerings by Apex Trader Funding

Apex Trader Funding allows its traders to dive into the futures market. Specifically, with Apex, you can venture into:

  • Equity Futures
  • Foreign Exchange Futures
  • Agricultural Futures
  • Energy Futures
  • Interest Rate Futures
  • Metals Futures
  • Cryptocurrency Futures

Understanding Account Sizes with Apex Trader Funding

Knowing the account sizes on offer is essential if you consider trading with this prop firm. Apex provides a range from $25,000 to a whopping $300,000.

Depending on the account size you opt for, the monthly price for your evaluation can vary between $147 to $657.

Grasping the Leverage Concept

Now, here’s something different about Apex – there’s no leverage. This means, in simpler terms, the trading account balance is what you get to work with, and the leverage is 1:1.

However, limits are based on the maximum number of contracts you can trade. It can range from 4 contracts for the $25,000 account to 35 contracts for the $300,000 account.

Profit Breakdown with Apex Trader Funding

When it comes to sharing the profit, initially, Apex Trader Funding promises a 100% profit split for the first $25,000 in profits you make.

After reaching this milestone, the ratio adjusts. You would then take home 90% of your subsequent profits, leaving 10% for the prop firm.

Evaluation Rules and Goals

In your trading journey with Apex, you’d encounter two account types during the Evaluation process: Full and Static accounts. Some general rules for both include:

  • A minimum of 7 trading days.
  • There is no fixed duration for the challenge, giving you flexibility.

For the Full accounts, you’d need to consider profit goals, maximum contract numbers, and certain trailing thresholds.

You might be tech-savvy and consider using some form of automated trading.

However, Apex Trader Funding doesn’t permit fully automated trading software, like expert advisors or bots. Although tools assisting in executing orders quickly or setting specific trading parameters are allowed.

Platforms Supported by Apex Trader Funding

Regarding trading platforms, Apex Trader Funding offers a robust range. Some of the notable ones include:

  • NinjaTrader
  • Tradovate
  • TradingView
  • ATAS
  • Rithmic
  • Sierra Chart and many more!

Trading Hours at Apex Trader Funding

When you choose to trade with Apex Trader Funding, there are specific times you need to be aware of. You can’t keep your trades open after the day ends.

Ensure you wrap up all your trades and cancel any lingering orders before 4:59 PM ET. On those occasional half-day holidays? Your trades must be closed before the market winds down, no matter what the clock says.

And don’t even think about leaving positions open over the weekend. This platform is mainly tailored for those who align with day trading strategies.

What about News Trading with Apex Trader Funding?

If you thrive on news trading, this might not be your platform. Trading based on news is a no-go here. Whether straddling or jumping in just before or after the news, Apex doesn’t support it.

However, if you’re in the midst of a regular trade when news breaks, you don’t have to rush out. Keep that trade open, be watchful, and manage your risks well. And always remember to think about your maximum lot size.

Trading Tools and Resources

Apex Trader allows future day traders to select from Rithmic-based platforms, notably Rithmic and the Tradovate license. Both platforms boast unparalleled customer services in the industry.

Tradovate stands out with its user-friendly interface. Additionally, it’s recognized for a unique feature: group trade, which facilitates trade copying across multiple accounts and benefits a community of traders.

This capability implies that day traders can manage or initiate trades across numerous accounts (capped at 20) using a single click. Such a feature is pivotal for minimizing risks while maximizing trading profits.

On the flip side, Tradovate operates on a separate trading platform and data connection, distinguishing it from Rithmic. Several distinctive trading tools enhance the trader’s experience further.

Apex Trader Funding’s commitment to educating its users is evident in its free 30-day education course and an exclusive futures trading coaching program.

This program offers one-on-one mentoring tailored to nurture everyday traders, whether they prefer micro contracts or broader strategies.

Is Apex Trader Funding Legit?

Yes, Apex Trader Funding stands as a legitimate entity. If you ever need to get in touch, here’s their contact info: Address: Apex Trader Funding Inc., 2028 E. Ben White Blvd, Ste 240 -9873, Austin, TX 78741, USA Phone: 1-855-273-987. Additionally, they offer live chat support and a help desk on their website, ensuring your queries are addressed.

Any Free Trials or Account Resets?

Currently, Apex Trader Funding does not extend free trials. And if you’re thinking of resets after breaching a rule, it’s not free either.

Wrapping Up

In a nutshell, Apex Trader Funding provides diverse options for both new and experienced traders.

Apex Trader Funding offers a range of trading features tailored mainly for day traders. If you’re venturing into prop trading or looking to advance your trading abilities, weighing your options and seeing which proprietary trading firm aligns best with your strategy and skills is always good. This guide offers you a glance, but as always, do your due diligence and make informed choices. Click here to sign up for an account and start your trading Journey.

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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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