About Apex Trader Funding
Apex Trader Funding is a futures prop firm based in Austin, Texas, USA, founded in 2021. The firm offers instruments such as Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy, and Metals Futures with a maximum balance of $300,000. The company’s profit split is 90%, and traders can request up to two payouts per month.
Pros of Apex Trader Funding include a fast evaluation process, no profit split for the first $25,000 (100% to you), and no restrictions on trading during news. However, holding trades overnight is not allowed, but 23 hours per day can be traded. The system does not allow exceeding the maximum position size by mistake, which can result in losing your account on other firms.
Account Sizes And Leverage
Apex Trader Funding has different account sizes and two types of evaluations, with account balances ranging from $25,000 to $300,000. The evaluation fee ranges from $147/month for smaller accounts to $657/month for larger ones. Accounts can trade up to 20 accounts simultaneously, and they frequently offer big discounts.
The Apex Trader Funding leverage is 1:1, with the trading account balance being the buying power. Limits are defined by the maximum number of contracts you can trade, starting at 4 contracts (or 40 micros) for the $25,000 account and going up to 35 contracts (or 350 micros) for the $300,000 account. The system automatically caps the maximum number of contracts used to trade, preventing traders from exceeding their maximum exposure, which can be a rule violation when trading with other firms.
In summary, Apex Trader Funding is a promising futures prop firm that offers a wide range of instruments and platforms for traders. While there are some limitations, such as the lack of overnight trading and the use of EAs or bots, Apex Trader Funding remains a popular choice for those looking to invest in futures.
The firm has a rating of 4.8/5.0 on Trustpilot after 2,000+ reviews. It has two types of accounts: Full accounts and Static accounts, with common rules such as minimum days to trade, challenge duration, and number of steps. Full accounts have a profit goal, maximum number of contracts, and a trailing threshold.
Auto Trading And Platforms
The firm does not allow any software that fully automates trading, including EAs, robots, algos, AI, HFT, and bots. However, it does offer free trials and a reset option in case of rule breaches. A coupon code can be used to get at least a 50% discount on purchases.
All accounts come with free real-time data and a NinjaTrader license key. They support popular futures trading platforms like NinjaTrader, Tradovate, TradingView, Wealthcharts, Trader, AAS, Bookmap, Edgeclear, Finamark, Jigsaw Trading, Motivwave, Quantower, Rithmic, Sierra Chart, and Volfix. Trading hours are strict, with all trades closed and pending orders canceled before 4:59 PM ET. News trading is not allowed, but normal trades can be kept open during news releases.
Payment types accepted by Apex Trader Funding include credit cards. The company is a legitimate company with contact information, live chat support, and a help desk on their website. Alternatives to Apex Trader Funding include Take Profit Trader, My Funded Futures, and The Trading Pit.
In summary, Apex Trader Funding is a great option for day traders looking to earn a 90% profit split payout.