Apex Trader Funding
REVIEW SUMMARY
Apex Trader Funding is a Futures prop firm, located in Austin, Texas, USA. It was founded in 2021.
FEATURES
Instruments: Agricultural, Crypto, Energies, Forex, Indices and Metals.
Max balance: $ 150,000
Profit split: 100%
Cost: From $118.
Platforms: ATAS, Bookmap, EdgeProX, Finamark, Jigsaw Daytradr, MotiveWave, NinjaTrader, Quantower, R Trader Pro, Sierra Chart, TradingView, Tradovate, VolFix and WealthCharts.
PROS & CONS
What I like:
- Fast evaluation process with just 1 single step.
- All the profits go to you when you reach Sim funded, with a 100% profit split.
- The system doesn't let you exceed your maximum position size by mistake, which can cost you your acccount on other firms.
- You can request payouts every 5 days.
What could be improved:
- Holding trades overnight is not allowed. You can trade for 23 hours per day though.
- The cheapest accounts have Intraday Trailing drawdown but you can get an EOD drawdown if you are willing to pay for it.
PROMO CODE
Apex Trader Funding is a prop trading firm located in the USA.
In this article, I’ll share my analysis, evaluation, and hands-on experience with Apex Trader Funding, including full instructions on how to get funded with an account from this prop firm.
Here’s what you’re going to learn:
- What Is Apex Trader Funding
- What Can You Trade With Apex Trader Funding?
- What Are The Apex Trader Funding Account Sizes?
- What Is The Apex Trader Funding Leverage?
- How Much Is The Apex Trader Funding Payout?
- Apex Trader Funding Reviews
- Evaluation Rules and Goals
- Apex Trader Funding EAs/Algos/Bots
- Apex Trader Funding Free Trial
- Apex Trader Funding Free Repeat
- Apex Trader Funding Coupon / Promo Code / Discount
- Apex Trader Funding Platforms
- Apex Trader Funding Trading Hours
- Apex Trader Funding News Trading
- Apex Trader Funding Payment Methods
- Apex Trader Funding Payout Methods
- Is Apex Trader Funding Legit?
- Apex Trader Funding Alternatives
- Recap
- Learn More
What Is Apex Trader Funding
Apex Trader Funding is a futures prop firm located in the USA, more specifically in Austin, Texas.
Its roots come from Apex Investing, an investing website created by Darrell Martin 10 years before Apex Trader Funding was founded.
Since 2021, this firm has been here, funding traders from all over the world, and shows no signs that it’s going to stop. Recently, they made a full revamp of their website, and they now have new challenges that I’m going to review in this article based on my own tests.
With multiple awards gained since its inception, this firm is one of the big references in the Futures Prop Trading world.
What Can You Trade With Apex Trader Funding?
Apex Trader Funding is a prop firm that funds traders to trade Futures. Basically, almost everything is available for their funded traders. No matter what your favorite market is, you’ll pretty much find it on the Apex Instruments list.
Here’s a full review of the instruments list that you can trade with Apex:
- Equity Futures: Here you have the Mini S&P500, Mini Nasdaq, and Mini Dow, just to mention a few.
- Foreign Exchange Futures: All the major world currencies are available for you to trade if that’s your thing. The Australian dollar, British pound, Canadian dollar, Euro, Japanese Yen, Swiss Franc, and New Zealand dollar.
- Agricultural Futures: For all the lovers of this type of commodity, you can trade Cattle, Corn, Wheat, Soybeans, and more.
- Energy Futures: Energies are always a good option for someone looking for volatility. With Apex you can trade Crude Oil, Natural Gas, and even Heating Oil.
- Metal Futures: Some of them are frequently used as a store of value, but hey, they are good to trade too. Gold, silver, copper, platinum, and palladium can be traded on your funded account.
- Cryptocurrency Futures: For the crypto and volatility lovers, Micro Bitcoin and Micro Ethereum are at your disposal to trade.
- Micro Futures: If your account is not big, you can trade Micro futures with a much smaller point value that will let you manage your risk more appropriately.
- EUREX Instruments: If you are into the European market, Apex has you covered too. Some nice European indices are available to trade, including the popular DAX from Germany.
My opinion about the instrument list: Apex covers a full spectrum of instruments, which are attractive to most futures traders. They are only lacking Bonds from the US market, but they do cover them on the European market.
What Are The Apex Trader Funding Account Sizes?
Apex Trader Funding has different account sizes and two types of evaluations from which you can choose.
The account balances vary between $25,000 and $150,000. The maximum balance reduced from their previous eval offers, so the $250k and $300k account sizes are not available anymore.
The price for the evaluation is between $118 for the smaller account and $397 for the bigger one. (Check the current Apex Trader Funding discounts below in this article)
With Apex Trader Funding, you can trade up to 20 accounts at the same time. This didn’t change, and it’s one of the most valuable things they offer, since you can stack up accounts and copy trade them as one.
The good thing about them is that they frequently have big discounts. Get your discount coupon below in this article.
What Is The Apex Trader Funding Leverage?
There’s no leverage, the trading account balance is the buying power, meaning the leverage is 1:1. Instead, your limits are defined by the maximum number of contracts you can trade.
It starts at 4 contracts (or 40 micros) for the $25,000 account and goes up to 12 contracts (or 120 micros) for the $150,000 account. Here are all the details for all account types:
EOD Trail
| Account Balance | Maximum number of contracts |
|---|---|
| $25,000 | 4 mini (40 micro) |
| $50,000 | 6 mini (60 micro) |
| $100,000 | 8 mini (80 micro) |
| $150,000 | 12 mini (120 micro) |
Intraday Trail
| Account Balance | Maximum number of contracts |
|---|---|
| $25,000 | 4 mini (40 micro) |
| $50,000 | 6 mini (60 micro) |
| $100,000 | 8 mini (80 micro) |
| $150,000 | 12 mini (120 micro) |
A good thing is that their system automatically caps the maximum number of contracts that you can use to trade. This way, you’ll never risk exceeding your maximum exposure, which can count as a rule violation when you trade with other firms.
My opinion on the account sizes and buying power: The bigger sizes weren’t as popular as the smaller ones, since they weren’t as easy to pass. The goal was always to stack multiple smaller accounts, so the removal is not a big thing. The buying power, however, decreased on the bigger accounts. The $150k, for example, only lets you trade with 12 contracts now, while before you were allowed 17. More on this later in this article.
How Much Is The Apex Trader Funding Payout?
Apex Trader Funding removed the profit split completely. Right now, they offer you a 100% profit split, which means you get all the profits.
Before, you only 100% of the profits on the first $25k of profits. This is one of the best improvements on their new challenges.
Also, now you can request payouts every 5 days, while before you were only allowed to request payouts twice a month. Another point for Apex for this one, too.
My opinion on the profit split: There are two things here in play: the profit split increase and the buying power reduction. Since they reduced the buying power of the accounts (except for the smaller one), it gets harder to get the same profits if you scalp low time frames and rely on high leverage.
On the other hand, you now get 100% of the profits you make, not just the first $25k.
So, if you were using all the buying power to trade, you are in a kind of stage of equilibrium. They took some of your profits with the buying power reduction, but they are giving them back to you with the increased profit split.
If you weren’t using all the buying power anyway, then the 100% profit split is a real improvement on the conditions. You keep all the profits you were already making, without being affected by the leverage reduction.
Apex Trader Funding Reviews
According to Trustpilot, Apex Trader Funding is classified as excellent. It’s scoring 4.4/5.0 after 17,000+ reviews of the prop firm.
Evaluation Rules and Goals
There are two types of accounts in the Evaluation process: the IntraDay drawdown and the EOD drawdown. Both types have all these rules in common except the drawdown:
- Minimum days to trade: There are no minimum days to trade now. The 7-day minimum rule was removed. You can pass the evaluation in 1 single day.
- Challenge duration: Now, your challenge expires in 30 days. There are no more resets, too.
- Number of steps: Just one! Your only job is to hit a profit goal while keeping your equity from breaching the maximum drawdown.
Here’s a table with a resume of the rules for both account types (Intraday Trail and EOD Trail). Notice that the Daily DD only applies to the EOD Trail accounts.
| Balance | Contracts | Profit goal | Max Drawdown | Daily DD (EOD accounts) |
|---|---|---|---|---|
| $25,000 | 4 (40 micros) | $1,500 | $1,000 | $500 |
| $50,000 | 6 (60 micros) | $3,000 | $2,000 | $1,000 |
| $100,000 | 8 (80 micros) | $6,000 | $3,000 | $1,500 |
| $150,000 | 12 (120 micros) | $9,000 | $4,000 | $2,000 |
How is the maximum drawdown calculated?
- Intraday Trail account: The max drawdown is calculated continuously during the day, and it tracks both open and closed positions.
- EOD Trail account: The max drawdown is calculated once per day, at the market close, based on your “end of day” account balance.
My opinion on the max drawdown: The majority of the Apex accounts already had a trailing drawdown. Now they added the possibility of getting an EOD drawdown that doesn’t move during the day. This is a good fit for people who have trouble with moving limits throughout the day.
Filter 100's of Prop Firm challenges
Set your options and PropScan your challenge
Free challenge search tool
Apex Trader Funding EAs/Algos/Bots
Any kind of software that fully automates trading is not allowed to be used with The Apex Trader Funding. This includes all kinds of EAs (expert advisors), robots, algos, AI, HFT, and bots. You can use though, any software that helps with your trading, like executing orders faster or setting take profits and stop losses.
Apex Trader Funding Free Trial
Currently, the prop firm doesn’t offer free trials to traders.
Apex Trader Funding Free Repeat
There are no free repeats. Resets are not available anymore, either.
Apex Trader Funding Coupon / Promo Code / Discount
The link below will give you a 85% discount on your purchase. It already has a coupon promo code inserted automatically, but if you need, use LFT at checkout.
Apex Trader Funding Platforms
All accounts come with free real-time data and a free NinjaTrader license key.
Besides that, Apex Trader Funding supports the most popular futures trading platforms:
- ATAS
- Bookmap
- EdgeProX
- Finamark
- Jigsaw Daytradr
- MotiveWave
- NinjaTrader
- Quantower
- R Trader Pro
- Sierra Chart
- TradingView
- Tradovate
- VolFix
- WealthCharts
Apex Trader Funding Trading Hours
Holding trades after the close of the day is not permitted. All trades must be closed and pending orders canceled before 4:59 PM ET.
When trading on a half-day holiday, the trades must be closed before the close of the market, regardless of the time.
Leaving positions open for the weekend is also not allowed.
Apex Trader Funding is aligned with day traders and day trading strategies. If you have a different trading style, you may want to check an alternative (more below in this article).
Apex Trader Funding News Trading
If you like to trade news using multidirectional news trades, then this is not a good prop firm for you.
News trading is not allowed if your strategy relies on having orders opened in both directions.
You don’t need to close your trades when there’s news, though. If you have any normal trade running, you can keep it open during the news release. You just need to be careful and have good risk management. Learn how to calculate your maximum lot size wisely.
Apex Trader Funding Payment Methods
Here are all the payment types accepted by Apex Trader Funding:
- Credit/Debit Card
Apex Trader Funding Payout Methods
These are all the payout types accepted by Apex Trader Funding:
- Bank Transfer
Is Apex Trader Funding Legit?
Yes, Apex Trader Funding is a legit company.
Here are their contacts:
- Email: support@apextraderfunding.com
- Phone: 1-855-273-9873
- Address: 2028 E. Ben White Blvd, Ste 240 -9873, Austin, TX 78741
There’s also live chat support and a help desk on their website.
Apex Trader Funding Alternatives
Here is a list of the best Apex Trader Funding alternatives:
For more alternatives, check our alternative prop firm tool:
Get Alternatives To Any Prop Firm
Recap
- Apex Trader Funding is a prop trading firm based in the USA.
- You can get a funded account with up to $150,000 in balance and a 100% payout profit split.
- To get access to a funded account, you need to pass an evaluation, with different rules depending on the account type that you want to apply for.
- You can trade Futures.
- The most popular Futures platforms are available to trade, including NinjaTrader, Tradovate, and Rithmic R Trader Pro.
