Apex Trader Funding Review – Are They Legit? My Honest Take

Finding a reliable prop trading firm might seem tricky.

To help you with your search, I have prepared the following Apex Trader Funding review.

Here, I’ve gone through their pros and cons, fees, evaluation programs, and a lot more.

This way, you can determine whether this company is worth your money or not.

Apex Trader Funding Pros and Cons

Pros

• The minimum initial account financing is $25,000, rising with experience.
• Adjustable trading hours, even holidays
• Trading full contract size with low daily drawdown
• Thorough trader training before funding
• Many tradable assets, including interest-rate futures, natural gas, and energy 

Cons

• Expert trader financing package Apex Trader
• Typical traders may face funding 
• Constraints on maximum position size in active accounts. 

What is Apex Trader Funding?

US-based Apex Trader Funding is a prop trading company. To meet the demands of futures traders, they offer a funded trader program. The service has a monthly cost that ranges from $137 to $657. Intending to empower traders globally, the company provides access to master accounts, evaluation accounts, and unlimited financing accounts for trading purposes.

Also read: City Traders Imperium Review

Apex has a team of incredibly skilled traders and has been in operation for a long time. They offer a free Ninjatrader license, trade copier software, peak investing ideas, and transparent evaluation standards in addition to a range of asset trading opportunities.

Since opening up accounts, Apex has attracted more than 30,000 seasoned traders from 150 different countries. The company’s goal is to eliminate barriers to trade and support global traders in their long-term success. The company was started by Darrell Martin in 2021, and its main office is in Austin, Texas. 

Apex Trader Funding Programs and Challenges: Rules and Requirements 

At most levels, Apex Trader Funding offers competitive pricing that closely matches or surpasses the average rates in trader programs offered by futures. It is a temporary benefit, particularly for those getting ready to trade for an extended period with real money, but it significantly lowers the initial investment.

Apex Tarder Funding Static Drawdown Plan 

• Plan: $100K STATIC
  • Contracts: 2 (20 micros)
  • Profit Goal: $2,000
  • Trailing Threshold: None
  • Static Drawdown: $625
  • Daily Drawdown: None
  • Monthly Price: $137

Thus, Apex Trader Funding does not provide two-step evaluations or challenges.

What are Forex Prop Challenges?

Prop firms, or proprietary trading enterprises, use forex prop challenges as a kind of evaluation process to identify great traders and give them the chance to trade with the firm’s capital. These challenges, which consist of a set of trading guidelines and goals to follow over a predetermined period, are meant to evaluate a trader’s ability to make money while appropriately managing risk.

Typically, a forex prop challenge consists of two main phases:

1. The stage of challenge: In this first stage, traders are given a demo account with a specific balance and given a goal to make a certain amount of money within a predetermined period, usually a month or two, while abiding by various trading guidelines and maximum drawdown constraints. This stage assesses the trader’s ability to make money within predetermined risk parameters.

2. The Verification Phase: After completing the challenge phase and adhering to the rules, traders move on to the verification phase. This phase is comparable to the challenge phase, although it usually lasts longer and could have slightly different profit goals or standards. Verifying the trader’s reliability and experience over an extended period is the aim of this step.

Upon fulfilling both phases, traders are frequently granted access to a funded account. This suggests that a portion of the prop business’s funds are allocated for the trader to manage. The trader and the prop firm split the earnings from trading this cash per a prearranged split.

Each prop business has a different cost associated with forex prop issues. This fee ensures that traders are committed to the offer and pay for the evaluation process.

The specific requirements, objectives, and format of prop challenges may vary greatly throughout companies. Traders should meet the following standard requirements: 

1. Profit targets: An amount of the account balance that traders must reach in advance.
2. Drawdown limits: The most daily and cumulative percentage loss that can be made from the account’s peak balance.
3. Minimum trading days: The total amount of days that must be traded actively during the challenge.
4. Trade style limitations: Certain companies may impose rules about trading tactics, such as prohibiting overnight holdings or high-frequency scalping.

Forex prop challenges, excluding the initial challenge charge, give traders access to substantial trading capital without risking their money. Participants must carefully consider the conditions of these challenges, though, as the strict standards set by the prop firms are meant to assess traders’ trading skills, risk tolerance, and discipline. 

Also read: Trade the Pool Review

Apex Trader Funding Broker: Do They Use a Reliable Platform? 

Apex Trader Funding offers free real-time information access to all accounts along with a free NinjaTrader license key. You can also use Apex Trader Funding with other leading futures trading platforms, like 

1. NinjaTrader
2. Tradovate
3. TradingView
4. Wealthcharts are all web platforms used for trading
5. Trader ATAS Bookmap
6. Edgeclear
7. Finamark
8. Jigsaw Trading
9. Motivewave
10. Quantower
11. Rithmic
12. Sierra Chart
13. Volfix

Apex Trader Funding Fees: How Much Do They Charge? 

Users of Apex Trader Funding have access to a variety of withdrawal options, including bank accounts, cryptocurrency wallets, and credit and debit cards. The website distinguishes itself from its competitors by offering stablecoin payments, a feature that is rare among them. In addition to other choices, users can now use electronic online payment methods like Skrill. Although Apex does not charge withdrawal fees, users could still have to pay bank fees, especially when exchanging currencies.

Therefore, Forex prop trading fees are the expenses related to joining a proprietary trading firm’s program, especially if it allows traders to trade the firm’s capital. For many forex prop firms, especially those that conduct challenge or evaluation programs to screen potential traders, these fees are an essential part of their business strategy. The several kinds of fees that traders could experience are broken down as follows:

1. Costs of challenges

Traders must pay this upfront to participate in a trading challenge or evaluation program. The challenge is simply an assessment of a trader’s capacity to turn a profit while abiding by particular risk management guidelines. The trader is typically given the option to trade using the company’s funds if they are successful. Depending on the firm, the amount of the sample account offered for the challenge, and the difficulty of the challenge itself, challenge fees can vary greatly.

2. Setup or administration fees for accounts

A one-time setup fee may be imposed by certain prop firms to create and maintain a trader’s account. This charge may cover the administrative expenses related to establishing the trading infrastructure, keeping an eye on the trader’s account, and providing other backend services required before the trader may start trading.

3. Desk fees per month

Desk fees are similar to what you would pay to hire the prop firm’s resources (such as software, data feeds, and trading tools) and real or virtual premises. Certain online FX prop businesses may charge a monthly fee for access to premium trading platforms or tools; this practice is more prevalent in conventional prop firms that include physical trading desks.

4. Divided Profits

The profit split arrangement is an important financial factor in prop trading, even though it isn’t a fee in and of itself. Traders can use the firm’s capital to trade if they pass a challenge, and any profits they make are divided into a predefined ratio between the trader and the firm. Splits that benefit the trader, like 70/30 or 80/20, are common. The details of the profit split must be understood since they have a direct impact on the trader’s potential earnings.

5. Data or Software Fees

When accessing specialized trading software, real-time data feeds, or analytical tools that aren’t part of the prop firm’s base package, traders may occasionally have to pay extra costs.

6. Training or Education Fees

Additionally, some prop companies provide mentoring programs, trading workshops, and training courses. These may be compulsory or optional components of the trading program, and the cost will vary greatly according to the breadth and length of the material. 

Key Considerations

• Value for Money: Traders need to determine whether a prop firm’s costs are reasonable given the services they receive, particularly when considering the access to trading funds, technology, and support that are supplied.
• Transparency: Reputable prop companies have no hidden fees and are open and honest about their fee schedule. Before committing, traders should carefully read over all terms and conditions.
• Risk: Although it may seem good to pay a charge in exchange for the opportunity to trade with a lot more capital, traders should think about the possibility of failing the challenge and losing the money they spend.

Prop trading on the forex market presents a special opportunity for me to leverage larger amounts of capital than I could otherwise obtain. To make an informed choice on which prop firm to work with, I must understand the fee structure.

Apex Trader Funding Proof of Payment:

At Apex Trader Funding, withdrawals are processed on the fifteenth and last working day of each month, bimonthly. Traders get 90% of the next $25,000 and 100% of the first $25,000. Deel, a versatile payment processor that offers wire transfers, ACH transfers, PayPal, bitcoin, and other ways to receive money, is used to handle payments.

To get my first compensation, I must complete ten trading days, and subsequent rewards likewise require a similar amount of time between deals. The minimum amount for each withdrawal is $1,000, and the maximum amount for my first three withdrawals depends on the size of my account. There is no upper limit established starting from the fourth withdrawal.

Apex Trader Funding Customer Support: 

Apex Trader Funding offers online ticketing and live chat support for its clients. They must fill out a form with their email address, the subject of their query, their Rithmic ID (if applicable), a brief description of the problem, and any attachments to submit a question through the ticketing system. The standard response time via the ticketing system is between 48 and 72 hours.

The fastest way for me to communicate with support is through live chat, which responds in less than two minutes once I enter my email address and name. Before contacting support, I should look over the FAQ area, as 97% of questions may be answered there.

Although Apex Trader Funding is active on social media sites like Facebook, Twitter, YouTube, and LinkedIn, I cannot reach customer support through direct messaging on these platforms.

Contact Information:

• Registration address: 2028 E. Ben White Blvd | Ste 240 -9873 | Austin, TX 78741
• Official site: https://apextraderfunding.com/
• Contacts: 1-855-273-9873

What Makes Apex Trader Funding Unique? 

Unique Features of Apex Trader Funding:

• Minimal setup charges and monthly fees after financing.
• Maximum profit sharing up to 90% with full 100% payout.
• Capability to oversee numerous accounts using a single login.
• The most extensive variety of account sizes is offered.

Apex Trader Funding Reviews: What Do Their Customers Say?

Apex Trader Funding has a rating of 4.7 out of 5 stars on Trustpilot, with 7,435 reviews.  

#1. Everything is fine! the greatest company around, and Darrel seems interested in helping us become better traders. He offers new challenges, such as the one he recently introduced where you can get a 250K account for the price of a 50K account, which is simply amazing, and he provides extremely well-outlined, detailed information about all the procedures. adore you, dude! truly admire your thoughtful approach; very impressive!

#2. I am grateful for the chance to trade up to 10 contracts with ATF and for the short turnaround time required to demonstrate my eligibility for a paid account. I have already paid the price, but Tradovate is taking a little longer than expected. I hope we can finish it tonight or early tomorrow. I am aware that, despite the way I traded to get here, I must keep doing so to gradually remove funds from my paying account.

#3. I can’t get into my account anymore. claiming that the ID check was unsuccessful. My ID is me, and it corresponds with my profile information. I’ve emailed and am awaiting a response; I don’t want to waste time or effort on this. I’ve completed my KYC on numerous platforms, but this is the first time I’ve been turned down.

#4. Currently, I’m on my third support request attempting to collect my reimbursement, which indicates that it has been paid.

so disheartening. 

#5. During trading events, this prop firm ALWAYS experiences connectivity problems. When I was short, the system purchased four contracts for me, and now my account is 600 negative. They claim in their discord that they won’t fix and will stop all talks to stop anyone from speaking. Two other prop firms using the same data connection experienced zero problems during this time. Scammy company. Undoubtedly, a lot more will appear to confirm this.

Apex Trader Funding Review: Conclusion

Proprietary trading companies give traders financial support to help them grow their business. Finding a business that caters to modern retailers might be challenging. This is where Apex Trader Funding shines. It provides access to large amounts of money and has a track record of supporting knowledgeable traders.

Apex Trader Funding, which was founded by traders for traders, is a trustworthy option for anyone in need of funding. The straightforward trading rules enable effective risk management.

If you want to begin your trading journey, I recommend going with CTI’s Scaling Plan. Not only will you get instant funding with them but also get access to their vast selection of tools & resources.

However, as with any service, there may be room for improvement in certain areas. Some traders believe that the monthly costs associated with different account kinds are a bit high and recommend providing better customer service.