Apex Trader Funding has a big following among professional traders worldwide. It offers simple evaluation rules, apex investing, a free license to Ninjatrader, and trade copier software.
However, they also have a few drawbacks. These include an activation fee, evaluation fee, and reset fee.
Activation Fee
Apex Trader Funding has an excellent reputation for empowering traders to succeed in their trading careers. This is due in part to its simple trading rules, significant profit splits, and fast payouts when the profit goal is reached.
This firm offers a wide variety of account sizes and enables traders to trade with as little as $25K. Whether you are a day trader or a swing trader, this firm is an ideal choice for your trading needs.
In addition, this firm has a thriving community of traders, with over 25,000 members in 150 countries. They are a great place to learn about various markets, get trading education, and gain access to real-time data.
However, there are some areas that need improvement. For example, it would be nice to see them start a Discord channel where traders can communicate with each other and share their ideas. It also could be beneficial to have a live chat support team that is available to respond to all questions within a short timeframe.
Lastly, it would be helpful to have more videos from the prop firm on their social media pages. While the account has 1,200 likes and 1,500 followers at the time of this writing, they have not posted many videos to date.
Aside from this, they have only tweeted three times, which is not too impressive. The most recent post was a giveaway announcement, and the rest of their posts are mostly sales or payouts to members.
Another notable change made by Apex Trader Funding is its seven-day evaluation rule. This rule is now applicable to both new and existing accounts. This is a great move because it will help traders save a lot of time and effort.
In addition to this, they have made some changes to their platform that make trading more convenient. This includes the ability to trade on several different platforms, including Eurex and TradingView. It also offers mobile trading, 2FA security, and Mac OS compatibility. Additionally, the firm has integrated NinjaTrader and Tradovate into its platform, which is a huge benefit to its community of customers.
Evaluation Fee
Apex Trader Funding is one of the most popular prop trading firms. Their trading plans are available from $25,000 to $300,000. The firm offers a free license for NinjaTrader, trade copier software and more.
Their goal is to remove as many barriers for pro traders as possible. The company’s trading platforms and evaluation rules are designed to make prop trading easy for the most skilled traders.
When a trader has passed their evaluation they will receive an email with a link to sign their contract documents and pay for the Paid Performance Account. The account can be set up on a monthly or lifetime basis. apex trader funding coupon code
The Paid Performance Account is based on the Rithmic Paper Trading Server and works with any Rithmic-capable platform. They also offer a trading copier tool that allows you to copy the trades of other funded traders.
They also have a 7 day trial period for their Paid Performance Account. This is an interesting feature that they offer because it can help you determine if their service is right for you.
If you pass your evaluation and you do not wish to keep the account you can cancel it at any time for a small fee. This fee can be refunded if you are able to make your first deposit.
In some cases it is best to cancel a PA Account and start fresh. This is especially true if you do not have the funds to complete the challenge.
However, if you have already completed the challenge and are still trying to pass your account, it may be better to wait until you can reach the target. This will give you more time to grind up to the challenge and get a high score.
Some prop trading firms have very strict time limits for passing their challenges, which is why it is important to be patient and take your time with the process. You can try to reach the challenge over time by grinding up your profits and losses, avoiding over-sized trades and limiting the number of snippets you trade.
Reset Fee
In December of 2022, Apex Trader Funding released a massive change to their rules that will affect new and existing accounts. They are now allowing funded traders to request payouts after just ten days of trading without having to wait for the entire 10 day evaluation period.
This update is a major improvement for funded traders. It enables them to get a payout much quicker and easier, while also making it more convenient for funded traders who are on the go.
Another big change is that Apex Trader Funding now allows funded traders to receive payouts after only seven days of trading, a huge improvement for their overall score with us. This rule change applies to all new PA accounts and will be available for both monthly and one-time payment options.
Aside from this, they have revamped their FAQ section and now call it “Knowledge Base.” They also have a few training videos to help you pass the challenge. The key to passing the challenge is to trade and make sound decisions across a number of different trades, all within a seven-day period.
Then, once you have passed the challenge and reached the profit target, you will be funded as a trader, receiving a 90/10 split in your favor. This is very favorable compared to many other funded trader funding companies.
They also offer low costs, access to real market data like Order Book Depth of Market on the futures exchange using NinjaTrader, and a powerful trading platform. This is a huge edge over CFDs and other prop firms where the data cost is quite high.
This is an interesting and unique proposition to funded trader funding, where you can access up to $300k of capital without having to spend your own money first. This is a huge advantage for funded traders and gives them a competitive edge over traditional brokerages who typically charge a lot of money to access this type of capital.
The biggest drawback with the challenge is that there are many rules to meet. It is important to know these rules and practice them before you start your account so that you can successfully pass the challenge. Getting in and out of the market, taking your dues each day, and learning to read the Depth of Market and Order Flow will be crucial.
Monthly Fee
If you are a futures trader and are looking to expand your trading opportunities, Apex Trader Funding could be a good choice. They offer access to multiple futures markets, ranging from agricultural products to equity derivatives and micros, so you can get the most out of your trading experience.
When it comes to the monthly fee, it varies depending on the trading program you choose. For instance, a $25k account costs $137 per month, while a $300k account will cost you $675 a month. This is a reasonable price if you are consistently making 10% profit on your capital each day. However, it can be difficult to sustain such a high return on investment if the market moves against you.
In terms of customer support, Apex Trader Funding has an impressive team of dedicated employees who are ready to answer any questions you may have about their programs. They also have a revamped FAQ section that is easy to understand and contains plenty of helpful videos.
Apex Trader Funding is a prop firm that offers access to the futures market for a monthly fee. Upon passing the evaluation process, traders can receive funding and a 90/10 split. This is a great option for new traders who are just starting out in the world of prop firms.
If you are interested in using this service, it is best to read through the FAQs and take your time. There are a lot of rules to follow, and it can be confusing at times.
You should also make sure that you are fully aware of the risk involved with trading with a prop firm. This is especially true if you are not familiar with the nuances of futures trading.
Another important point to remember is that if you are a beginner, it is best to start off with a smaller account size. This will give you a chance to learn how the platform works before you move up in size.
Unlike other prop firms, Apex Trader Funding doesn’t limit what you can trade with your account. It is also one of the few firms that allow you to withdraw funds in stablecoins like Bitcoin and Litecoin. It is a great way to diversify your portfolio and keep your profits safe from any potential issues.
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