Apex Trader Funding Review for 2024 • Prop Trading (2024)

Apex Trader Funding Ratings at a Glance

Apex Trader Funding offers traders access to various futures markets, spanning agricultural products, equity derivatives and micros. This comprehensive market access empowers traders to engage in confident and informed trading across different sectors within the futures market. Multiple account options are available with varying amounts of starting capital, making it accessible for diverse undercapitalized traders. You can choose from Rithmic or Tradovate plans. Each offers eight account options with similar starting capital or sizes ranging from $25,000 to $300,000, plus a $100,000 static account.

All account sizes across each plan offer no scaling requirements, no drawdown, free license to the Rithmic platform and real-time data. In addition, all Tradovate accounts enjoy a free license to the Tradovate platform — a reputable and user-friendly future broker renowned for its multiple device compatibility and group trading features that streamline trade copying across various accounts. The accounts are also compatible with the TradingView platform.

Features, including contract size, profit target and trailing threshold, vary among each plan's various account sizes but are similar across the Rithmic and Tradovate plans. However, the monthly fees for each account size varies across each plan. For instance, the $25,000 account size costs $147 per month for the Rithmic plan compared to $167 monthly for the Tradovate. However, both have a contract size of 40 microns, a profit target of $1,500 and a trailing threshold of $1,500. This similarity in contract sizes, profit target and trailing threshold among similar account sizes across both plans and monthly fees are summarized in the table below.

NB: Contract size, profit target and trailing threshold are the same for Tradovate and Rithmic plans.

Apex Trader Funding accommodates different trading styles by providing relaxed trading rules. Making it suitable for day traders, swing traders and scalpers. Select the account size you'd like to handle based on your trading expertise and start the evaluation. Once you reach the profit target without hitting the trailing threshold and placing trades for at least seven days (they don’t have to be consecutive days), you become eligible for a funded or paid account. Remember, you must maintain professionalism during the process. Cross-session and news trading is not permissible, and you must not allow anyone else to make trades for you.

Trading Tools and Resources

Apex Trader Funding allows future day traders to choose between Rithmic-based platforms, like Rithmic and Tradovate license — two cutting-edge trading platforms with industry-leading customer services. Tradovate is a futures trading platform renowned for its excellent ease of usage. Besides its compatibility across multiple devices, its group trade features enable trade copying across multiple accounts.

The implication is that you can handle or trade as many accounts as you wish (up to a maximum of 20) with a single click, which is very appealing as it minimizes risk and provides more profit potential. Tradovate provides a distinct trading platform and data connection from Rithmic. Other unique tools or trading features are available. For instance, you can easily hear and read the market flow order with the Tick Strike, automate your trade with Markers Plus, simplify trading complexities using ChartPros and fast-track your trading execution using Ninja Suites, which is a suite of semi-automated-trading bots and indicators.

A free 30-day education course and a futures trading coaching program with one-on-one mentoring are available. Overall, Apex Trader Funding offers fantastic futures trading experiences across various devices, such as Macs, PCs, smartphones and tablets. You can use the dedicated mobile app for trading on the go.

Apex Trader Funding provides customer services via live chat and online ticketing. To submit your complaint or questions on the ticketing channel, you must fill out a form with your email address, the subject of your inquiry, your Rithmic ID (if applicable) and a brief description of the issue or attach a file, if necessary. Once completed, you can submit the form for further assistance. Response takes between 48 to 72 hours, which is unimpressive. The live chats offer you the best means of communicating with the team, with a response rate of less than 2 minutes once you provide your name and email. However, 97% of your questions can be resolved in the FAQ. The firm recommends searching the FAQ for your questions before contacting the support team.

Although Apex Trader Funding is present on popular social media platforms like Facebook, Twitter, YouTube and LinkedIn direct messaging is not a support channel., Apex Trader Funding has an impressive 4.8 out of 5 rating on Trustpilot, based on feedback from over 3,500 reviewers. The majority of reviews, 93% of them, were 5-star ratings. The comments were overwhelmingly positive, with no negative feedback found by Benzinga. However, the comments primarily reflect the quality of its overall product and service rather than customer support alone.

Apex Trader Funding prioritizes users' data security by using highly secure backup servers and employing data encryption certificates for applications and websites. The firm manages customer payment information and other sensitive data using third-party shopping carts and gateways, avoiding its storage on its servers. Additional security measures include:

• Password encryption
• Blocking of specific countries
• Detecting and blocking excessive login attempts from IPs
• Permanently blocking unauthorized root access attempts

It offers round-the-clock monitoring via its hosting providers. Like most online services, the firm uses personally identifiable information collected during registration for personalized service delivery and marketing. However, it doesn't share or sell data to any third party.

Apex Trader Funding offers different monthly pricing for its account options, which makes it easily accessible to undercapitalized traders and those who don't want to use their savings for trading purposes. The pricing ranges from $147 to $657 for accounts in the Rithmic plans and $167 to $677 for those in the Tradovate plan.

There's no trailing threshold for the $100.000 static account; however, a total draw drawdown of $625 is applicable. Apex Trader Funding allows unlimited resets of the evaluation account for a fee, with the Rithmic plan priced at $80 per reset and the Tradovate plan at $100 per reset.

Traders also pay a monthly fee for the paid or funded account, which is $105 per account per month for the Tradovate and $85 per account for the Rithmic plan. However, you can go for the all-inclusive, one-time fee option, which varies based on account size. Like real-world trading, commissions are applied to trading activities during evaluation and funded accounts.

These commissions are charged for each round-trip trade and vary for each futures product and trading platform. For instance, a 3% round-trip commission applies for all equity futures (except Nikkei 225) on the Tradovate platform compared to 3.98% for the Rithmic platform. Additional subscription options are also available to access more features on each platform. After only 10 days of trading, you can request payouts from your funded account. And you must have a minimum of 10 days traded between each payout request. If you're just starting, you can save 50% off your monthly fee using the coupon code BENZINGA. You can also get a 15% lifetime referral commission when you refer a friend and they join.

Apex Trader Funding delivers an exciting user experience that combines ease of use, powerful features and a supportive trading environment. Its partnership with Tradovate and Rithmic provides users with a robust, feature-rich, highly intuitive trading platform that enables trade execution without hassle. Account setup is a breeze and takes between 5 to 10 minutes. The company also provides real-time data and diverse account options, enabling various traders to pursue their financial aspirations. The seamless evaluation process and educational tools create an atmosphere of growth and learning. Overall, Apex Trader Funding provides a positive user experience that combines simplicity, flexibility and valuable resources for traders seeking to achieve their financial goals.

Apex Trader Funding vs. Competitors

Apex Trader Funding has a few similar competitors like SurgeTrader and Trading Pit. Both offer a simple one-step evaluation to provide fast funding access to undercapitalized traders. However, the evaluation process for Apex Trader Funding is more straightforward with relaxed rules, unlike Trading Pit. Apex Trader Funding also beats both in payout, offering 100% payout for the first $25,000 profit per account and 90% after that.

In contrast, SurgeTraders offers a 75% payout with 90% available when you purchase add-on products, and Trading Pit provides an 80% payout. SurgeTrader and Trading Pit offer funding of $1 million and $5 million, respectively, with scaling plans, compared to $300,000 (or up to $6 million with multiple accounts) for Apex Trader Funding. Overall, Apex Trader Funding stands out as an excellent choice for traders of different experience levels and risk tolerances due to its straightforward rules, competitive profit split and the availability of large contract sizes. As of July 2023, Apex Trader has paid out more money than any other futures funding evaluation firm surpassing $25 million, over 2x that of the closest competitor. They also have an impressive trustpilot score of 5 stars.

Apex Trader Funding's core mission is to empower traders by offering them a genuine and simplified pathway to grow and achieve trading success. Its impressive range of features makes it an exceptional choice for diverse traders seeking to profit from the futures market. The competitive payout is a major highlight, allowing traders to retain a significant portion of their profits. And with the ability to handle large contract sizes, traders can pursue more substantial trading strategies.

The streamlined evaluation process and supportive trading environment create an environment that fosters growth and learning. Additionally, Apex Trader Funding prioritizes data security and risk management, ensuring a safe and reliable trading experience. However, its limited investment options (only futures) and recurring monthly fees might discourage some traders. It is available in the majority of countries.

Frequently Asked Questions