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Apex Trader Funding: Reviews And In-Depth Analysis

Apex Trader Funding

Rating: 4.9

REVIEW SUMMARY

Apex Trader Funding is a Futures prop firm, located in Austin, Texas, USA. It was founded in 2021. Read the full Apex Trader Funding review

FEATURES

Instruments: Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, Interest Rates Futures, Metals Futures.

Max balance: $300,000

Profit split: 90%

Cost: from $137/month

Platforms: NinjaTrader, Tradovate, TradingView, Wealthcharts (web platform), Trader, ATAS, Bookmap, Edgeclear, Finamark, Jigsaw Trading, Motivewave, Quantower, Rithmic, Sierra Chart, Volfix, and Rithmic

PROS & CONS

What I like:

  • Fast evaluation process with just 1 single step.
  • Your first $25,000 are paid with no profit split. 100% of the profits go to you.
  • Trading during news has no restrictions.
  • 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 up to two payouts every month.

What could be improved:

  • Holding trades overnight is not allowed. You can trade for 23 hours per day though.
  • Except for the Static account, the trailing threshold updates considering open positions but this can be easily monitored with the software they provide.

Apex Trader Funding is a prop trading firm located in the USA.

In this article, you’ll get a review of this prop firm, including analysis and instructions to get funded with an account from Apex Trader Funding.

Here’s what you’re going to learn:

What Is Apex Trader Funding

Apex Trader Funding is a prop firm located in the USA.

What Can You Trade With Apex Trader Funding?

Apex Trader Funding is a prop firm that funds traders to trade Futures.

Here’s a list of all of the instruments that you can trade with Apex:

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

What Are The Apex Trader Funding Account Sizes?

Apex Trader Funding has different account sizes and two types of evaluations that you can choose from.

The account balances vary between $25,000 and $300,000. The price for the evaluation is between $147/month for the smaller account and $657/month for the bigger one.

With Apex Trader Funding you can trade up to 20 accounts at the same time.

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.

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 35 contracts (or 350 micros) for the $300,000 account.

How Much Is The Apex Trader Funding Payout?

The Apex Trader Funding shares the profits with the trader starting at a 100% profit split for the first $25,000 in profits. After that, the profit split adjusts to 90/10. You get 90% of all the profits you make and the prop firm keeps 10% for them.

Apex Trader Funding Reviews

According to Trustpilot, Apex Trader Funding is classified as excellent. It’s scoring 4.8/5.0 after 2,000+ reviews of the prop firm.

Evaluation Rules and Goals

There are two types of accounts in the Evaluation process: the Full accounts and the Static account. Both types have these rules in common:

  • Minimum days to trade: 7 days.
  • Challenge duration: There’s no maximum time to trade, you can take the time that you want.

Besides that, the Full accounts have a profit goal to achieve, a maximum number of contracts that you can trade, and a trailing threshold to respect.

Here’s a table with a resume of the rules for the Full accounts:

BalanceContractsProfit goalTrailing Threshold
$25,0004 (40 micros)$1,500$1,500
$50,00010 (100 micros)$3,000$2,500
$75,00012 (120 micros)$4,250$2,750
$100,00014 (140 micros)$6,000$3,000
$150,00017 (170 micros)$9,000$5,000
$250,00027 (270 micros)$15,000$6,500
$300,00035 (350 micros)$20,000$7,500

For the Static account, there’s only one account balance available. Instead of a trailing threshold, you have a maximum drawdown to respect. Here’s the resume of the rules for the Static account:

BalanceContractsProfit goalMax Drawdown
$100,0002 (20 micros)$2,000$625

Apex Trader Funding EAs/Algos/Bots

Any kind of software that fully automates trading is not allowed to use 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 loss.

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, but there’s a reset option in case you breach any rule.

Apex Trader Funding Coupon / Promo Code / Discount

The link below will give you a 50% discount on your purchase. It already has a coupon promo code inserted automatically. If you already entered their website before, please clean your cookies before using the link or it won’t work.

If you need to set the coupon at the checkout, this is the coupon code: ABXXGRFB

Apex Trader Funding Platforms

All accounts come with free real-time data and a free NinjaTrader license key.

ninjatrader logo

Besides that, Apex Trader Funding supports the most popular futures trading platforms:

  • NinjaTrader
  • Tradovate
  • TradingView
  • Wealthcharts (web platform)
  • Trader
  • ATAS
  • Bookmap
  • Edgeclear
  • Finamark
  • Jigsaw Trading
  • Motivewave
  • Quantower
  • Rithmic
  • Sierra Chart
  • Volfix

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 directional or multidirectional news trades, then this is not a good prop firm for you.

News trading is not allowed in any form, including straddling, or entering right before or right after the news.

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.

Is Apex Trader Funding Legit?

Yes, Apex Trader Funding is a legit company.

Here are their contacts:

Address: Apex Trader Funding Inc., 2028 E. Ben White Blvd, Ste 240 -9873, Austin, TX 78741, USA

Phone: 1-855-273-9873

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 $300,000 in balance and a 90% profit split payout after an initial 100% profit split during the first $12,500 profits.
  • 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 to.
  • You can trade Futures.
  • The most popular Futures platforms are available to trade including NinjaTrader.

Learn More

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