Apex Trader Funding Review 2024

What is Apex Trader Funding?

Apex Trader Funding is a proprietary trading firm that provides capital and support for futures traders who want to trade with real money without risking their own capital. It was established in Austin, Texas by Darrell Martin in 2021. The firm offers a funded trader program that allows traders to get funded by passing an evaluation process that tests their skills and discipline. This program allows traders to trade full-sized contracts with 100% of the first $25,000 and 90% beyond that, and get paid monthly. Traders can choose from Rithmic, NinjaTrader, Tradovate, or TradingView platforms and trade with multiple accounts up to 20 max. The evaluation process, known as Evaluation Accounts, requires traders to hit their profit target before they hit their max drawdown with 7 days of trading. The firm does not restrict traders during holidays, news, or other cumbersome rules. Traders are allowed to trade anytime they want 23 hours a day between 6PM one day to closing all positions and orders by 4:59 PM ET the next day ET. Apex Trader Funding has grown into a thriving community of tens of thousands of members in over 150 countries. It has become the leading trader funding company paying out more than any futures funding evaluation firm to its customers. The firm has paid an average monthly compensation of $6,213,030 to customers since January of 2023. In conclusion, Apex Trader Funding is a leading futures funding evaluation firm that provides a platform for futures traders to trade with real money without risking their own capital. It offers a unique evaluation process and a funded trader program that allows traders to earn while they learn and improve their trading skills.

What is the Review Rating of Apex Trader Funding?

What are the Pros of Apex Trader Funding?

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. Here are some of the key advantages of Apex Trader Funding:. Funded Trading Program: 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. Variety of Account Plans: Traders can choose from seven account plans, ranging from $25K to $300K, depending on their trading style and risk appetite. Flexible Trading: Traders can trade any futures contracts listed on CME, CBOT, NYMEX, COMEX, ICE US, or EUREX exchanges. Use of Preferred Trading Platform: Traders can use any trading platform that supports Rithmic data feed, such as NinjaTrader, Sierra Chart, Bookmap, etc. Quick Funding: 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. Profit Sharing: The funded trader can receive up to 90% of their net profits. Retry Option: 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. 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. Simplicity and Flexibility: Apex Trader Funding stands out for its simplicity, flexibility and lucrative profit split. No Daily Drawdown and Scaling Restrictions: Traders can maintain their day-to-day trading strategy, even during news cycles. Holiday Trading: Traders are allowed to trade on holidays. Lower Fees: Compared to other similar services, Apex Trader Funding has lower fees. Wide Range of Available Products: Traders have access to a wide range of products including, CME Group, EUREX indices/bonds and ICE. Educational Resources and Support Services: Apex Trader Funding provides a variety of educational resources and support services. Please note that while Apex Trader Funding offers many advantages, it’s important for each individual trader to assess whether this service aligns with their specific trading goals and strategies.

What are the Cons of Apex Trader Funding?

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. However, like any other service, it has its own set of drawbacks. Here are some of the cons of Apex Trader Funding:. Live Trailing Drawdown: One of the significant challenges with Apex Trader Funding is the live trailing drawdown from unrealized profit. This can be tricky for traders as it keeps the risk constant as profits are made. Although a fixed drawdown option is available, the live trailing drawdown might not suit all trading styles. Promotional Pricing Campaigns: Apex Trader Funding often runs promotional pricing campaigns with up to 80-90% off. While this might seem attractive, it may incentivize undisciplined trading and gambling. Traders might take unnecessary risks, hoping to make quick profits, which could lead to significant losses. Limited Community Engagement: Compared to other trading platforms, Apex Trader Funding has less community engagement. This could be a disadvantage for traders who rely on community support and shared experiences to improve their trading strategies. Lack of Educational Resources: Apex Trader Funding does not provide educational resources. For novice traders or those looking to improve their trading skills, the lack of educational materials could be a significant drawback. Minimum Trading Period: Apex has a 1-month minimum trading period. This could be a disadvantage for traders who prefer shorter trading periods. These are some of the cons of Apex Trader Funding. It’s important for traders to carefully consider these factors before deciding to use this platform for their trading needs.

Is Apex Trader Funding Regulated and who are the Regulators?

Apex Trader Funding is a proprietary firm that uses its capital to trade various financial instruments in the hope of generating profits. The firm was founded by Darrell Martin, a rancher and day trader, who has built a thriving community of traders. The community is over 30,000 members strong, in more than 100 countries, since 2008. However, it is important to note that Apex Trader Funding is not regulated. As a proprietary firm, it has no obligations to obtain a license. This is a common characteristic of proprietary trading firms, as they are often not subject to the same regulatory oversight as other financial institutions. Despite the lack of formal regulation, Apex Trader Funding has implemented its own internal controls and standards. The firm has a strong focus on helping traders trade well and has endeavored to build a better model for funded trading. This includes not placing caps on payouts and profits. Apex Trader Funding offers its services to traders from over 100 countries. However, there are certain countries that are not available for service at this time due to various reasons, including sanctions, embargoes, and potential fraud risks. In conclusion, while Apex Trader Funding is not formally regulated by an external financial authority, it operates with its own set of standards and controls to ensure the integrity of its trading activities. Potential traders should be aware of this when considering whether to engage with proprietary firms such as Apex Trader Funding.