Looking for an Apex Trader Funding review?
After extensive research and careful review, it's safe to say that Apex Trader Funding is one of the most reliable prop trading programs.
You can get funded in as little as 10 days with the help of the company's low-cost evaluations and start trading for a full share of profits.
However, the company requires funded traders to complete a specific trading volume before initiating a withdrawal request.
While the company doesn't restrict clients from drawdown, we believe traders should invest in their accounts rather than taking out significant sums immediately.
JUMP STRAIGHT TO: Does Apex Trader Funding Support Multiple Accounts?
Remember, legitimate prop firms like Apex are not inherently fraudulent. However, con artists may nonetheless use this fact to their advantage. So you must remain vigilant and complete your homework before signing up with any of the prop trading firms.
Notably, Apex Trader holds an excellent reputation amongst clients. While checking out several independent review websites, we found investors expressing delight about the company. Though a few clients also accused Apex Trader of misguiding the trading setup. Some clients also blamed the firm for its poor trade execution policy.
Apex Trader Funding is a community of 30,000 prop traders founded by Darrell Martin in 2008. The organization helps skilled professionals overcome financial barriers and explore their trading potential without committing their own funds. Before diving into more detail, let us explain how apex funded futures trading program works.
Traders need to pass any of the firm's evaluation programs to become eligible for funding. The company strives to provide you with the best possible chance of securing financial backing. Investors who don't want to risk their life savings but want to participate in the market find this opportunity well-suited to their risk appetite and thirst to make handsome money.
Is Apex Trader Funding Legit?
Yes! Apex Trader is a legit prop trading firm. The firm is very consistent with its paying-out policy. Many traders boast about getting paid regularly in the company's Facebook group and other social media platforms.
Above all, the firm is rated 4.8 out of 5 stars after 902 reviews posted on one of the world's most renowned review websites - Trustpilot. Such a good reputation among traders speaks well about the company's legitimacy and safety concerns.
Apex Trader Funding Key Data
OVERALL RANK (#1 OF 11 EVALUATION PROGRAMS)
10 / 10
Number of Steps:
Holidays and News Releases Trading:
10 / 10
$25,000 to $300,000
2 to 35
10 / 10
Interest Rate Futures:
Software & Data
10 / 10
Free Ninjatrader Software License:
Free Real-time Data:
Multiple Accounts Allowed:
Trade Copier Available:
10 / 10
12 Hours or Less
English, Spanish, Korean, Japanese, German
Dashboard Flatten Accounts:
Value for Money
10 / 10
Monthly Data Fees Per Account:
Free Reset On Renewal:
Payout Profits Percentage:
100% on first $25,000, then $90% after
Pros and Cons of Apex Trader Funding
While there are many benefits of subscribing to the Apex Trader program, you can't neglect some of its shortcomings. Here we list both pros and cons of apex and explain them to help you understand them better.
Commissions - What are the commissions after becoming a funded trader?
Apex Trader commissions are comparable to those of discount brokers operating online. Unlike some of the rivals that offer excessively high commission rates, particularly those who deal with "scalpers", the company strives best to provide the industry's lowest commissions.
The company deducts commission from your account as soon as you place a trade. The following is the current commission schedule for Evaluation and Paid/Funded Accounts for futures trading.
Clients pay $3.98 per round trip for trading Equity Index Futures, while the company applies a commission charge of $3.12-4.02 per round trip on Interest Rate Futures.
Traders may incur a $4.72 per round trip commission for trading currency futures. Metals' full contracts are tradable for $4.62, while you must pay a commission of up to $3.96 to trade energy futures.
The lowest commission is applicable on trading Micro futures, which totals around $1.02 per round trip. Please find commission rates in the tables below for trading individual assets under each category.
Instruments You Can Trade
E-mini S&P 500 (ES)
Nikkei NKD (NKD)
E-mini NASDAQ 100 (NQ)
E-mini Midcap 400 (EMD)
Russell 2000 (RTY)
Interest Rate Futures
2-Year Note (ZT)
5-Year Note (ZF)
10-Year Note (ZN)
30-Year Bond (ZB)
Australian Dollar (6A)
Canadian Dollar (6C)
Euro FX (6E)
Japanese Yen (6J)
Swiss Franc (6S)
Crude Oil (CL)
Mini Crude Oil (QM)
Natural Gas (NG)
E-mini Natural Gas (QG)
Heating Oil (HO)
New York Harbor (RB)
miNY Silver (QI)
miNY Gold (QO)
Micro E-Mini S&P 500 (MES)
Micro E-Mini Dow Jones (MYM)
Micro E-Mini Nasdaq-100 (MNQ)
Micro E-Mini Russell 2000 (M2K)
E-Micro Gold (MGC)
E-Micro AUD/USD (M6A)
E-Micro EUR/USD (M6E)
Micro Crude Oil (MCL)
Micro Bitcoin (MBT)
Micro Ethereum (MET)
Multiple Accounts - Does Apex Trader Funding support multiple accounts?
Yes! Apex Trader Funding support multiple accounts.
As opposed to other proprietary trading firms that only allow you to open one or a maximum of two accounts, the company doesn't restrict you to numbers.
The best part is that no separate login credentials are required either. Traders can use one login to access all their accounts at Apex Trader .
Traders can diversify their risk and boost their earning potential using multiple accounts.
Payouts - How do They work?
Apex Traders can retain a 100% share of their profits for the first $10,000 they make. After $10,000, traders will retain 90% and Apex retains 10%.
The Apex Trader Funding payout process is straightforward and quick. During the first few months of your investment, you will be allowed to withdraw, but the amounts will be subject to certain limits. However, you can withdraw an unlimited amount from the fourth month onward.
Following September 2022, the company only processes payments through www.deel.com. All members inside or outside the United States need to signup for a deel account and activate it to continue receiving funds from Apex Trader.
According to the company, Deels provides an improved system that will result in faster payments and many new useful features. Should you have any queries concerning payments, please directly escalate them to the deel since the firm has no control over the deel's payment system. However, to make things a little easier for you, let us share a step-by-step process so you know how to request your funds using the deel.
- Visit the link https://app.deel.com/signup and signup for an account.
- Now you need to sign a contract. Please do not create a contract on your own. Instead, wait for the company to send you a copy and notifies you if it's ready to be signed. It's the last step in linking your Deel account with Apex. Therefore, keep an eye out for an email or notification from the firm.
- After creating your Deel account:
- Log in to your Apex Trader account on the website.
- Input the email address you used to create your Deel account.
- Click SAVE.
You will automatically receive a contract and the payment link in your deel account within two business days. Login to your Deel account and sign the contract you just received. That's all!
Note: It is your responsibility to enter Deel and select your preferred payment method, i-e, Debit cards, Credit cards, Paypal, Payoneer, Revolut, Crypto-Coinbase, Wise Transfers, Bank Transfers, etc. When it's time to get paid, the company wires the funds to Deel, and they deposit them into your Deel Account. Also, do not forget to verify your account as soon as possible.
Apex Trader Funding
Elite Trader Funding
Minimum Qualification Days
5 for Step 1; None for Step 2
100% on first $25,000
100% on first $12,500
100% on first $5,000
Holiday and News Trading
Allows Ninja Trader
Free reset on renewal
Evaluation Reset Price
$59 or $99
Twice a month
Qualified monthly data fees
Rules For Payouts
The company releases payments on the last working day of each month. First-time withdrawal requests must be made at least 25 business days after the account was funded.
You must initiate a withdrawal request for your desired amount between the 20th and 25th of each month. The company might reject the withdrawal request received after the 25th of the current month. You also need to complete the number of trading days before you can make a withdrawal request.
You can view the number of days you have amassed so far in Rithmic. If you haven't completed the required number of trading days, you have no other option but to request the withdrawal in the following month.
After the first withdrawal, only 10 business days must elapse before the company process the next payment. There is a $1,000 minimum payout after meeting the minimum account balance requirement for the first three withdrawals.
Notably, each of the first three payments is also subject to a maximum amount. After the initial three payouts, there is no limit on withdrawals as long as the required minimum balance remains in the account.
Funding Rules - What are they?
As discussed in the beginning, traders must pass an evaluation to qualify for the apex trader funding program. You must read and develop an in-depth understanding of the rules before proceeding further.
Reach The Profit Goal
The prop trading firm has defined a specific task or challenge for each of its funding plans, and there are a minimum of 10 days to meet the apex challenge. However, the option to reset the evaluation account is always there if you fail to reach your profit goal in the first go. You can login to your account and select the members' area, and click the account you want to reset. It will reset the account instantly.
Trailing Threshold Limit
Watch out for the trailing threshold limit that comes along with every challenge available at Apex Trader. It refers to the maximum loss you can incur, and exceeding it will result in disqualification.
5 Trading Days
You must complete 5 successful trading days before qualifying for the funding program at a minimum.
Protect your credentials
Apex Trader doesn't allow impersonation. It is your responsibility to keep your login credentials confidential. You might fail the evaluation if the company finds you guilty of a breach of conduct.
Stick to the timings
You must enter and exit trading positions within the specified timings, which start at 6:00 PM ET the following day and lasts till 4:59 PM the next day. The company might automatically close open positions held after the mentioned period. And all such trades won't count for the program's assessment.
Caution: The company has made some amendments to its 4:59 ET rule. All orders not attached to any position will remain open and might liquidate your account if not closed manually.
Remember, if you followed the rules above and completed the minimum trading days, you will most likely get your desired funding soon. The company sends you an email with a contract and funding link. On average, it takes two business days to receive a confirmation email from the firm. You only need to keep checking your email meanwhile.
Note: If you fail for any reason. There is nothing to worry about. You can reset your account via the member's login area. That's how you can start over again. However, this will come for a fee per your selected funding program. So try to put much effort into passing the funding evaluation in your first attempt to avoid paying more.
Apex Trader Trader Funding Pricing
Capital in your APEX account at the outset of your simulated trading on live data ranges from ($25K to $300K).
Depending on your available budget and risk attitude, you can select the one that best fits your funding needs.
You can turn a relatively modest initial investment into a sizable real-money trading account balance by taking advantage of the generous leverage terms offered.
Evaluations Plans & Pricing
Price per month*
$625 (Non trailing)
Let's quickly go through the pricing breakdown for a more in-depth view.
This section defines your maximum position size or the maximum number of futures contracts you can trade. When making a trade, you can choose to do it in increments of one or the full size. In addition, micro contracts are also available for trading. The company has specified the maximum number of micro contracts next to the standard contract size for futures.
After your account balance rises over your initial deposit plus your profit goal following trades placement during 10 different trading days, you will be automatically upgraded to the funded account and can begin trading for real money earnings.
The company employs a trailing threshold for the maximum drawdown for a trading exam account. Drawdown is the difference between your account's highest and lowest balances. The difference in your balance is the money you've lost on bad trades.
Suppose you have a $300,000 account with an $8000 drawdown. Your capital cannot drop below $292,000. When you make profits, the drawdown limit changes respectively. When the account balance hits $303,000, the minimum withdrawal amount becomes $295,000.
Unlike competitors, Apex Trader doesn't enforce daily drawdowns. You can trade with a trailing threshold and still have plenty of room to spare when you have Apex Trader .
APEX Trader leads you to a genuine, withdrawable money account. Unlike prop trading firms who pressurise traders to "size up" their positions as they progress, catching them in violation of their contract's sizing rules if their account balance falls outside the appropriate sizing range. However, Apex allows you to trade as many contracts as you like right from the first trade, and you won't face any scaling penalty.
Ninja Trader License
Apex Funding grants you instant access to arguably the most well-known and potent trading platforms out there - NinjaTrader. The cost of leasing just NinjaTrader's platform is $79. However, you get a free license to NinjaTrader with all the available plans.
Providing access to real-time market data, including that for the most traded items at COMEX, CME, CBOT, and NYMEX, is a hallmark of the Apex funding program.
Should I Try Apex Trader Funding?
Yes! I recommend Apex Trader for multiple reasons.
First, the company has a seamless evaluation process that takes no more than ten days to complete.
Secondly, depending on your budget and risk appetite, you have multiple options to select.
Unlike other prop trading firms, the company offers flexible conditions and allows you to trade your way around the clock. Traders can qualify in as little ten trading days.
Besides, no recurring evaluations are required for upgrading, and the company doesn't mandate daily drawdowns.
Having a worldwide representation and excellent reputation among traders leaves no reason for me to avoid recommending it.
However, it is always safe to consult a financial professional before making any financial decisions.
Apex Trader Funding Coupons
Here's the latest and only Apex Trader Funding coupon:
💵 Save 50% OFF first month AND 50% OFF all recurring months 💵
Restrictions: Valid in Full Price Evaluations
Apex Trader Funding Main Alternatives
While Apex Trader Funding successfully meets your funding needs, prop trading firms like Topstep.com and EliteTrader funding are some competitive alternatives you might want to check.
While the assessment period comprises only 8 days at Topstep, the firm supports multiple trading platforms, such as TSTrader powered by Tradovate and TradingView, besides providing access to the NinjaTrader. However, limited plans are available, and the subscription fee is higher than the pricing structure offered at Apex Trader. For instance, you can get a 100K funding plan for $207 at Apex Trader, whereas Topstep provides the same funding plan for a $325 subscription fee a month.
Similarly, traders must pay $205 every 30 days for a 100K funding option at Elite Trader Funding, though trading conditions seem much more relaxed than the rest of the two prop trading firms quoted above. Notably, EliteTrader offers various trading plans besides supporting multiple payment methods, such as Paypal and wire transfers. Further, it also provides a free simulation account that comes with a 14-day trial period.
Apex Trader Funding Vs Elite Funding Trader Vs Topstep
Which one is better?
We review some of the critical attributes of both platforms, such as the evaluation process, payouts, supported platforms, and customer support, to help you make an informed decision while signing with any of them.
Apex Trader Funding vs. Elite Trader Funding
Apex Trader Funding
Elite Trader Funding
Min 10 trading days required
Minimum 05 trading days required
100% Profit share of first $10,000 and 80% afterwards
100% Profit share of first $12,500 and 80% afterwards
Supported Platforms (Rhythmic\Ninja Trader)
Supported Platforms (Rhythmic\Ninja Trader\Trading View\Tradovate)
Payouts (50K Account)
1st month - 25 Trading Days - $1K to $2K
1st month - 25 Trading Days - $1K to $1.5K
2nd month - 10 Trading Days - $1K to $2K
2nd month - 15 Trading Days - $1K to $1.75K
3rd month - 10 Trading Days - $1K to $2K
3rd month - 10 Trading Days - $1K to $2K
4th month - 10 Trading Days - $1K to Unlimited
4th month - 10 Trading Days - $1K to $2.2K
5th month & onwards - Unlimited
Frequently Asked Questions (FAQs)
Frequently Asked Questions (FAQs)
1. Evaluation Process
Apex Trader takes more time to complete the evaluation process than its rival firm Elite Trader Funding. For instance, you must trade for a minimum of 10 trades to qualify for a funding program at Apex Trader, whereas Elite Trader has the minimum trading days criteria of 05 days. Moreover, you have variety of account sizes to apply for funding.
Secondly, you can retain a full profit share of your first $10,000 profit while Trading with Apex Trader and 80% profit afterwards. However, Elite traders allow you to keep the total percentage of your first $12500 profits with an 80% share of subsequent profits.
2. Payouts (50K Account)
Apex Trader Funding asks clients to complete a minimum of 25 trading days before requesting their first withdrawal, and the maximum withdrawal amount should not exceed $2000. However, traders can initiate a withdrawal request every 10 days from the second month until the fourth month. Starting from month four, traders can withdraw as much funds as they like.
On the other hand, Elite Trader Funding requires traders to wait 25 days in the first month and 15 days in the second month before they can place a withdrawal request with a capping of $1.5K and $1.75K, respectively. Traders can withdraw funds every ten days in the third and fourth months, with no embarking on commencing from the fifth month.
3. Supported Platforms
Apex Trader supports only two platforms - Rithmic and Ninjatrader, though both platforms are known to have solid reputations among clients.
On the other hand, Elite Trader Funding provides traders with more flexible options and supports four trading platforms, including Rithmic, NinjaTrader, Tradovate, and TradingView.
4. Customer Support
Both platforms lack to offer customer support via live chat, email or telephone. In case of queries and concerns, clients can either seek resolution in the FAQs section to help themselves or fill up the contact form, and the customer support representatives of both firms will get in touch with you shortly. Notably, clients can also join the apex trader funding Facebook page for news and updates.
Apex Trader Funding Testing Methodology
The Apex Trader team seems to have put much effort into enhancing their well-liked trader funding solution. While testing the service, we found that the company has redesigned its dashboard. It now fulfils all account management and technical requirements for the trader's whole journey.
Most Features are self-explanatory and include fresh additions that simplify and reduce stress.
- You may view a list of all subscription plans on the dashboard's home page. Before this update, traders needed to go through the rhythmic interface and check for the trading days accomplished so far manually. However, each account's balance and trading volume over the past several days are now viewable on the new Account Summary tab.
- Excellent quality of assessment enhancements can be seen in the chart that shows the running balance and where the trailing drawdown is located, both of which are useful for traders.
- Withdrawals requests are now being managed centrally.
- While the dashboard is the hub for managing data and second logins, signing up for a new account is simple and can be done right from the dashboard. You only need to click "Sign Up for a New Account," input the coupon code and you'll be all set to choose a new plan and begin your assessment.
Not to mention, trading is a dynamic and ever-changing environment. Instability in the market, power failure or lags between order execution and processing servers of liquidity providers can occur.
But there is now no need to worry about a catastrophic event occurring. Instead, you can flatten the accounts by logging onto your online trader dashboard and making the necessary requests.
Frequently Asked Questions (FAQs)
Does the company allow to incur an acceptable amount of losses?
Yes! The firm employs trailing thresholds. Therefore, traders can suffer an acceptable amount of losses while progressing towards their profit goals.
Can I reset my account If I fail Apex Challenge on the first attempt?
Yes! You can reset your account in the given scenario for a fee of $85. Also, traders are encouraged to take as much time as they want to reach the profit goal. However, if you wait until your subscription renewal date, you will have a free reset.
When Should I trade at Apex?
The company allows you to trade 24/7. You can even trade on holidays and during the news. Acceptable trading hours are from 6 pm from one day to 4:59 pm et the next day.
How to signup for Apex Trader?
The company's signup process is pretty straight forward. Select your desired funded plan from different account sizes available, pay the subscription charges and get started. Please note that the trailing drawdown is active for each evaluation account, so you need to trade carefully.
How long do I need to wait after passing my evaluation?
The company typically send you the email containing the contract and payment link within two business days.