Apex Trader Funding, founded by Darrell Martin, has carved out a niche in the prop trading world with its distinctive philosophy of ‘Traders Helping Traders.’ Their inception in 2008 has seen them grow into a robust community of over 30,000 members spanning across more than 150 countries. The purpose of this review is to provide an all-encompassing insight into the trading programs offered by Apex, the associated costs, rules, and details about profit sharing to help traders make an informed decision.

Overview of Apex Trader Funding

Apex Trader Funding is an excellent platform for traders seeking funding. They offer a broad range of trading programs that provide traders with the opportunity to enter the financial markets. Apex ensures to create an environment that is as flexible and transparent as possible, offering traders the freedom to trade at their convenience. What sets Apex apart is its commitment to minimizing entry barriers and restrictive rules, presenting a simplified, user-friendly interface for both beginners and seasoned traders.

Trading Programs and Details

Apex offers two main sets of plans: the Rithmic/NinjaTrader Plan and the Tradovate/NinjaTrader Plan. Each set includes various programs with different starting capital amounts, ranging from $25,000 to $300,000. These plans also offer different contract sizes and profit goals.

In addition, the company allows traders to operate multiple accounts, up to a maximum of 20, providing a beneficial approach to risk spreading and profit maximization.

An essential aspect of Apex’s offerings is the one-step evaluation process, which is designed to be simple and straightforward, reducing stress for traders. This process primarily includes reaching the profit target without hitting the drawdown limit.

The contracts at Apex are full-size contracts with no scaling requirements. If a trader tries to trade more contracts than allowed, the system rejects the trade without failing the trader, providing a cushion for inadvertent errors.

Trading Rules

Apex Trader Funding has taken a trader-centric approach by developing rules that are trader-friendly and focused on maximizing success rather than setting traps. The rules primarily involve managing risk with a live trailing threshold and hitting the profit target without hitting the drawdown limit. There are no daily drawdowns, and traders are free to trade on holidays and during news events, providing a trading window of up to 23 hours a day.

The ability to trade during these times presents a significant advantage for traders who prefer to trade on volatility that often accompanies such periods.

Costs Involved

The monthly fees for the programs range from $147 to $677, depending on the chosen plan. Additionally, there’s a reset fee for evaluation accounts, which ranges from $80 to $100 depending on the platform chosen. This fee allows traders to reset their evaluation account as many times as they want. The good thing with Apex, is that they regularly offer sales discounts ranging from 50% to as high as 90%, so you might want to wait our for those sales.

Once funded, there’s a monthly account fee that includes data and platform fees, with a maximum of 20 paid accounts.

Profit Sharing

Apex Trader Funding provides a very competitive profit-sharing model. Traders receive 100% of the first $25,000 per account and 90% beyond that, a deal that is quite lucrative in the trading world.

Quick Thoughts

Apex Trader Funding is an inviting platform for traders, regardless of their experience level. The flexibility, generous profit-sharing model, and simple rules make Apex a desirable choice. Their commitment to providing a conducive and supportive environment helps traders to focus on their trading strategies, offering a significant advantage in the fast-paced world of financial trading. Plus a low-barrier fee, if you wait out their regular sales. 

Whether you are a novice trader seeking to enter the markets or a seasoned trader looking to maximize your profits, Apex Trader Funding offers an array of tailored plans that may suit your trading style and requirements.

Quick Details of the Apex Trading Funding Plans

Feature Rithmic/NinjaTrader Plan Tradovate/NinjaTrader Plan
Program Costs (25K-300K) $147 – $657 per month (wait for discounts of up to 90%) $167 – $677 per month (wait for discounts of up to 90%)
Available Funding $25,000 – $300,000 $25,000 – $300,000
Profit Sharing First $25,000 is 100% yours, thereafter 90% to you First $25,000 is 100% yours, thereafter 90% to you
Maximum Drawdown (25K-300K) $1,500 – $18,000 $1,500 – $18,000
Evaluation Duration As short as 7 trading days As short as 7 trading days
Profit Targets (25K-300K) $1,500 – $18,000 $1,500 – $18,000
Money Back Guarantee No No
Trading Rules Trading allowed 23 hours a day from 6 PM ET to 4:59 PM ET next day. No restrictions on holidays or news events. No daily drawdowns, scaling plans, or contract limitations. Trading allowed 23 hours a day from 6 PM ET to 4:59 PM ET next day. No restrictions on holidays or news events. No daily drawdowns, scaling plans, or contract limitations.

Note: Please verify the details with the official Apex Trader Funding website or customer service. The features may vary and are subject to change.

What are the Experiences of Other Traders?

Apex Trader Funding has generally received positive reviews from its users, with a significant number of them lauding the company’s excellent customer service and prompt response times. The company’s score on Trustpilot, a widely trusted review platform, sits at an impressive 4.8 out of 5 stars, based on 3,435 reviews, indicative of a largely satisfied customer base.

Many users in online trading communities such as Reddit have expressed that they prefer Apex Trader Funding over other funded trader programs. They cited reasons such as the company’s straightforward process to secure funded accounts, and the consistent weekly offers that make the accounts considerably affordable. The support from Apex Trader Funding also stood out as a point of commendation.

However, the feedback also contains a few areas of criticism. It is noted that the rules for evaluation and Profit Account (PA) funded accounts are different. Some users argue that this might lead to a lack of consistency or cause confusion for some traders.

Another point of concern mentioned by some users was the perceived lack of risk management education or warnings for reckless trading, especially during sales periods. Critics suggested that this could inadvertently encourage traders to form bad trading habits.

Despite these criticisms, it’s important to note that the negative comments are not representative of the overall feedback, which remains overwhelmingly positive. However, for a prospective trader looking to join Apex Trader Funding, these points could be valuable areas to consider and seek further clarification.

Compared with other funded trader programs, Apex Trader Funding seems to enjoy a reputation for being user-friendly, supportive, and more affordable, particularly when the company runs its 80% off sales. These attributes could potentially make Apex Trader Funding a more appealing choice for traders seeking funded accounts. Nonetheless, as with any trading program, potential users are advised to do their own research, bearing in mind their individual trading goals and strategies.

247trading Final Impressions on Apex Trader Funding

Having evaluated all the information on Apex Trader Funding, it appears that this trading program distinguishes itself through its affordability, excellent customer service, and accessibility for traders seeking funded accounts.

The company’s commitment to customer support is a standout feature, receiving numerous praises from users across different review platforms. Quick response times and the ease of securing funded accounts have been mentioned as key benefits, which can be crucial elements in the dynamic world of trading. It’s noteworthy that the company maintains an impressive score of 4.8 on Trustpilot, demonstrating a high level of customer satisfaction.

Apex Trader Funding’s program pricing, especially during the 80% off weekly sales, represents an attractive proposition for traders looking for funded accounts. While the program’s rules may vary between evaluation and Profit Account funded accounts, it’s clear that many traders found them relatively easy to navigate.

However, it’s also important to mention the criticism regarding a perceived lack of risk management education or warnings against reckless trading. Prospective users should consider this point and seek to develop solid risk management strategies independently, to avoid picking up potentially damaging trading habits.

Comparatively speaking, Apex Trader Funding holds its own against other funded trader programs. Its user-friendly approach, affordability, and strong support system seem to make it a preferred choice for many traders. However, as with all trading platforms, its suitability ultimately depends on an individual trader’s specific needs, trading style, and risk tolerance. Apex may not have the best member interface, buy they more than makeup for the simplistic and easy to follow trading rules.

Summing it all up, based on generally positive user feedback, Apex Trader Funding seems to offer a robust platform for traders. If affordability, customer support, and ease of securing funded accounts align with your trading needs, this program might be worth considering. Nonetheless, each trader should also carry out their due diligence to ensure that the program matches their specific requirements, risk profile, and trading strategy. In light of the feedback concerning risk management education, prospective users might also consider supplementing their learning with external resources to foster responsible trading habits.

As it stands, Apex Trader Funding does appear to offer a good value proposition for traders seeking funded accounts. Its strengths certainly seem to outweigh its areas of criticism, making it a viable choice in the realm of funded trading programs.