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Apex Trader Funding Review: A Comprehensive Overview

 

Apex Trader Funding is a prominent proprietary trading firm that offers futures trading opportunities to traders looking to access capital and develop their trading skills.

As with other prop firms, Apex provides traders with the ability to trade on a funded account after passing an evaluation process, where they demonstrate their skills in a risk-controlled environment.

In this review, we will break down the key features, pros, cons, and how Apex Trader Funding compares with other similar platforms.

We will also delve into the firm’s product offerings, account options, support structure, and customer feedback.

Features and Offerings

Apex Trader Funding offers several features that set it apart from other prop firms in the industry. The firm primarily focuses on futures trading, providing a range of futures products across different asset classes.

Traders can access agricultural products, equity derivatives, and micros. Additionally, Apex allows traders to handle various account sizes and offers a flexible payout structure, which many traders find appealing.

The platform offers a one-step evaluation process, which simplifies the entry requirements for traders. Once traders reach their profit target without hitting the trailing threshold and meet the minimum trading days requirement, they can move on to a funded account.

Apex emphasizes a risk-controlled trading environment, providing real-time data, and the flexibility to handle multiple accounts simultaneously.

Profit Split and Payouts

Apex Trader Funding offers a highly attractive profit-sharing structure. Traders receive 100% of the first $25,000 in profit per account, with 90% after that.

This payout structure is competitive within the industry and ensures that traders retain a significant portion of their profits. Apex also allows up to two payouts per month, which is a desirable feature for traders seeking frequent payouts.

Another appealing feature is that there is no total cap on the maximum payout, meaning traders can continue earning profits without restrictions.

This makes Apex a potentially lucrative option for traders who are able to scale their strategies and generate consistent profits.

The website outlines the payout performance, showing that Apex Trader Funding follows through with its payout procedures.

Evaluation Process

The evaluation process at Apex Trader Funding is designed to be straightforward. Once a trader selects an account size and registers, they enter the evaluation phase, where they must meet specific profit targets while adhering to a set of rules.

The key to passing the evaluation is to demonstrate consistent profitability and proper risk management.

Unlike some other prop firms that require traders to complete lengthy evaluations with stringent rules, Apex’s evaluation process is simplified. Traders do not need to meet unrealistic targets or face strict daily drawdowns.

Additionally, there is no scaling requirement, which makes the platform more flexible for different trading strategies. This relaxed approach to the evaluation process sets Apex apart from more rigid evaluation systems offered by other prop firms.

Account Options

Apex Trader Funding provides several account options, allowing traders to select an account size based on their capital and experience. Account sizes range from $25,000 to $300,000, with the opportunity to scale up further through multiple accounts.

One of the unique features of Apex is the $100,000 static account, which does not have a trailing threshold. This provides a different kind of flexibility for traders who prefer a fixed target.

Apex offers two primary platforms for trading: Rithmic and Tradovate. Both platforms offer similar account sizes and features, but with different monthly fees.

The fees range from $147 per month for a $25,000 account on Rithmic to $657 per month for a $300,000 account on Rithmic. Tradovate accounts are slightly more expensive, with monthly fees starting at $167 per month for a $25,000 account.

All accounts come with real-time data, which is essential for making informed trading decisions. Additionally, Apex provides free licenses to Rithmic and Tradovate platforms, which means that traders do not need to pay extra for trading software.

This is a significant advantage, as some other firms require traders to pay additional fees for access to their platforms.

 

Trading Rules

Apex Trader Funding offers relaxed trading rules compared to many other prop firms. There are no daily drawdowns or scaling restrictions on accounts, which gives traders the flexibility to implement their preferred trading strategies.

Traders can trade mini or micro futures contracts from day one, and they can maintain their daily trading strategy even during news cycles. This lack of restrictive rules makes Apex an appealing choice for traders who do not want to be constrained by strict daily trading rules or profit targets.

In addition to the lack of drawdown and scaling restrictions, traders can also trade on holidays without worrying about additional limitations.

This flexibility makes Apex an excellent choice for traders who want to continue trading in different market conditions and throughout the year.

However, there are still some restrictions. Cross-session trading is not allowed, and traders cannot engage in news trading. These rules ensure that traders maintain a level of professionalism during their trading and avoid the potential volatility that can come from trading during news events.

Additionally, Apex requires traders to trade a minimum of seven days (these do not need to be consecutive) in order to become eligible for a funded account.

 

Support and Resources

Apex Trader Funding provides a comprehensive support system for traders. The firm offers live chat support, which generally provides quick responses within 2 minutes of submitting a query.

Additionally, there is an online ticketing system for submitting inquiries or concerns, with a response time of 48 to 72 hours. While the live chat support is quick, the ticketing system may take longer, which could be a consideration for traders who require immediate assistance.

Apex also offers a range of educational resources for traders. These include a free 30-day education course and access to a futures trading coaching program with one-on-one mentoring.

These resources can be particularly helpful for newer traders who are looking to improve their skills and gain a deeper understanding of futures trading.

The firm’s customer service is well-rated, with an impressive Trustpilot score of 4.5 stars from over 10,000 reviews. Many of the reviews praise the quality of the platform and the responsive customer support.

However, some reviews highlight the need for more responsiveness in addressing technical issues.

 

Security and Data Protection

Apex Trader Funding places a strong emphasis on data security and ensures that sensitive customer information is protected. The firm uses data encryption certificates for its applications and websites, and password encryption is used to secure user accounts.

Apex also employs security measures like blocking excessive login attempts and preventing unauthorized access to user accounts.

For payments and other sensitive data, Apex works with third-party shopping carts and gateways, ensuring that payment information is not stored on the firm’s servers.

The firm’s security measures are designed to provide traders with peace of mind, knowing that their personal and financial information is protected.

Pricing and Fees

Apex Trader Funding has a transparent pricing structure, with monthly fees that range depending on the account size and platform.

As mentioned earlier, fees for Rithmic accounts range from $147 for a $25,000 account to $657 for a $300,000 account. Tradovate accounts are slightly more expensive, with fees ranging from $167 to $677 depending on the account size.

In addition to the monthly account fees, Apex charges a fee for resetting the evaluation process if traders do not pass on their first attempt. The reset fee is $80 for Rithmic accounts and $100 for Tradovate accounts.

These reset fees are reasonable compared to other firms in the industry and allow traders to continue their evaluation process without significant financial setbacks.

Traders who successfully complete the evaluation and move on to a funded account are required to pay a monthly fee for the funded account.

The fee for Rithmic accounts is $85 per month, while Tradovate accounts require a fee of $105 per month. These ongoing fees ensure that traders maintain access to their funded accounts and can continue trading.

 

Apex Trader Funding vs. Other

When compared to other prop firms, Apex Trader Funding stands out in several key areas. Apex offers a competitive payout structure of 100% of the first $25,000 and 90% after that, which is better than the 80-90% payout offered by most of its competitors.

Additionally, Apex provides a simplified evaluation process without the complex scaling rules or daily drawdowns found in some other programs.

In terms of account size and flexibility, Apex’s $100,000 static account and up to 20 active accounts make it more scalable than some other firms.

While The Trading Pit offers multi-asset platforms and higher funding levels, Apex’s focus on futures trading and its straightforward evaluation process make it appealing for traders who are specifically looking for opportunities in this asset class.

 

Apex Trader Funding Customer Reviews and Ratings

Apex Trader Funding has received a positive response on Trustpilot, with 86% of over 10,000 reviews rated 5 stars. Many users appreciate the opportunity to trade with funded accounts and find the platform’s resources helpful.

However, there are also some critical reviews, with users mentioning challenges related to the evaluation process, account conditions, and customer service. Despite this, the platform maintains a strong overall rating due to the positive experiences shared by a large majority of its users

Trustpilot : 4.5 Stars(see details)

( Review posted on trustpilot)

 

Conclusion

Apex Trader Funding is a prop trading firm that offers traders an opportunity to access funded accounts and develop their trading careers. With a competitive profit split, no scaling restrictions, and the option to trade during holidays, Apex provides a flexible trading environment.

While the firm specializes in futures trading and charges recurring monthly fees, it offers a simplified evaluation process, a straightforward payout structure, and valuable support and educational resources, making it a reasonable option for traders looking to improve their futures trading skills.

Apex Trader Funding is primarily suited for traders who already have experience in futures markets. Beginners may want to gain additional experience and knowledge before considering participation in a prop firm.

Overall, Apex Trader Funding offers a secure and flexible platform that can be a suitable choice for experienced traders, especially those focused on futures markets.