TakeProfitTrader VS Apex Trader Funding

TakeProfitTrader is a proprietary trading firm offering traders who pass their evaluation process funding with which to trade. Based in Orlando, US, the firm focuses solely on futures trading. Their objective is to identify traders who can generate consistent profits. There are five account sizes on offer, with balances of $25,000, $50,000, $75,000, $100,000, and $150,000. Prices go up with account size, with the smallest costing $150 monthly and the largest $360 monthly.

TakeProfitTrader has first-rate complimentary educational resources aimed at equipping traders with the necessary tools and knowledge to make astute trading decisions. Another notable feature is the prop firm’s simple trading rules, which promote the adoption of safe and effective trading strategies conducive to generating consistent profits. All CME assets are available to trade, including CBOT, CME, COMEX, and NYMEX future assets (which also encompasses the Micros).

Apex Trader Funding is also a US-based firm, originating in Austin, Texas. It was set up more than two years ago, resulting from dissatisfaction with the existing offerings of the prop trading industry and a determination to find a new way of operating centred around the firm’s traders.

With an impressive track-record to date with CEO Darrel Martin at the helm, Apex Trader Funding (often shortened to ATF) provides access to both Rithmic and Tradovate, trading platforms both renowned for their trade execution proficiency and data feeds. There are many different account sizes on offer, starting at $25,000 and going up to $300,000 – enabling traders to find their ideal level of funding according to their appetite for risk and budget.

ATF’s evaluation process comprises only one phase, shortening the time it takes seasoned traders to qualify for funding. Profit targets and maximum total drawdowns depend on account size, with profit targets starting at $1,500 and going up to $20,000, and maximum total drawdowns ranging from $625 to $1,500. Traders can trade as many as 20 funded accounts simultaneously, and there are no constraints on trading during holidays or news events. ATF also provides traders with access to a large variety of futures instruments, including stock index, currency, interest rate and agricultural futures.

TakeProfitTrader is better for:	Apex Trader Funding is better for:
Futures traders specialists.	Day traders who want a streamlined evaluation process.
Those seeking extensive educational materials.	Traders seeking substantial contract sizes – up to $300,000.
Traders who value fast withdrawal procedures.	Those who make use of lots of different trading strategies.
Traders interested in a diverse range of futures instruments.	Traders seeking a competitive profit share.
Traders prioritising large profit shares.	Traders who prioritise clear, concise rules.

Comparative Table of TakeProfitTrader and Apex Trader Funding:

TakeProfitTrader and Apex Trader Funding are both leaders in the prop trading industry. While both firms provide traders with the chance to demonstrate their abilities and qualify for funding, there are important differences to take into consideration. The following table compares the features of the two firms.

Feature	TakeProfitTrader	Apex Trader Funding
Instruments	Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy Futures, Interest Rate Futures, Metals Futures.	Equity Futures, Foreign Exchange Futures, Agricultural Futures, Energy Futures, Interest Rate Futures, Metals Futures, Cryptocurrency Futures
Challenge Types	One-Step, Funded Account Split	One-Step Evaluation Process
Challenge Account Sizes	$25,000 up to $150,000	Full: $25,000, up to $300,000 Static: $100,000
Challenge Cost	$150 – $360/month	Rithmic: Full $147 to $657 month, Static $137 month. Tradovate: Full $167 to $677 month, Static $157 month.
Minimum Trading Days	5 days	7 days
Max Position Size	3 to 15 contracts	$1,500 to $20,000
Profit Target	$1,500 up to $9,000	4 to 35 contracts
Payout Split	90/10	Receive 100% of the first $25,000 per Account and 90/10 (trader/firm) Beyond That

Additional Points:

Apex Trader Funding:

• There is only one criterion to qualify for funding: achieve your profit target before reaching your maximum drawdown within seven days of funding.

• Traders can select either a Rithmic or a Tradovate license, with both platforms widely respected in the industry and providing excellent customer services. Tradovate is known especially for its user-friendly interface and compatibility across a range of devices. Notably, its group trade features enable trade copying across multiple accounts.

Take Profit Trader:

• TakeProfitTrader has no scaling plan, and PRO accounts allow you trade with the same amount of capital as in your evaluation account.

Deeper Dive into TakeProfitTrader vs. Apex Trader Funding

The table below takes a closer look at the two firms’ rules.

Rule Category	TakeProfitTrader	Apex Trader Funding
Scalping	Allowed	Allowed
Day Trading	Allowed	Allowed
Swing Trading	Not Allowed	Allowed
Holding Positions Overnight	Not Allowed	Allowed
Holding Positions Over Weekends	Not Allowed	Allowed
Copy Trading	Allowed	Allowed
News Trading	Allowed	Allowed

1. Max Daily Loss (MDL):
   • Apex Trader Funding: The firm prioritises the trailing threshold, about which more details are provided below.
   • TakeProfitTrader: As part of the firm’s recognition of the importance of effective risk management to successful trading, TakeProfitTrader has established reasonable daily loss limits that promote responsible trading practices among its traders.
2. Max Drawdown (MDD):
   • Apex Trader Funding: The futures prop firm prioritises the trailing threshold, about which more details are provided below.
   • TakeProfitTrader: A common oversight in risk management involves neglecting the end-of-day (EOD) trailing drawdown. To address this, TakeProfitTrader has simplified the rule for Test accounts: now, instead of calculating it after each trade, the drawdown is assessed at the end of each trading day.
3. Trailing Threshold:
   • Apex Trader Funding: When you start off, you can trade up to the maximum number of contracts allowed for your chosen plan (this is also true for Micros). The maximum loss drawdown depends on your plan. For instance, in a $50,000 plan, drawdown starts at $2,500 below the initial balance, i.e. $47,500. There is no daily maximum drawdown limit.
   • For FULL accounts:
     • For funded accounts, maximum drawdown stops trailing when the liquidation threshold reaches $100 above the initial plan balance. For a $50,000 plan, for example, trailing stops at $50,100.
   • For STATIC accounts:
     • The drawdown remains unchanged since it is already static. For instance, with $100,000 STATIC account, the drawdown will stay at $99,375, without any adjustments.
4. Withdrawal:
   • Apex Trader Funding:  It’s essential to review Apex Trader Funding’s withdrawal rules on their website, but below we provide an overview of how it works.
   • Withdrawals are processed twice every month, specifically on the 15th and last business day of each month.
     • The profit share is 100% for the initial $25,000 profit, and subsequently 90%.
     • Payouts are facilitated through Plane, which offers a range of options, including wire transfer, cryptocurrency, PayPal and ACH.
     • You need to have completed 10 trading days before qualifying for your first payout.
     • For subsequent payouts, there need to be a minimum of 10 trading days between each withdrawal.
     • All withdrawals must be at least $1,000.
     • Maximum withdrawal limits vary based on your account size for the first three withdrawals, and then there’s no maximum limit beyond this.
   • TakeProfitTrader: PRO accounts allow for withdrawals from day one, without the need to accumulate a certain number of profitable trading days and no cap on maximum withdrawal. There are also no restrictions on withdrawing profits that exceed the buffer, and you won’t find yourself waiting for up to a month to receive payment for trades you’ve already won.
5. Leverage

Leverage Futures	TakeProfitTrader	Apex Trader Funding
Futures	1.1	1:1

TakeProfitTrader vs. Apex Trader Funding: Pros and Cons

In this section we look at the advantages and disadvantages for traders of partnering with both TakeProfitTrader and then Apex Trader Funding.

TakeProfitTrader:

Apex Trader Funding:

Conclusion

Both TakeProfitTrader and Apex Trader Funding are highly attractive options for aspiring traders, each with their own distinct benefits. Choosing which firm is the right one for you is really about what your objectives are. For traders prioritising the advancement of their trading skills – and ultimately, careers – TakeProfitTrader could be the better fit. If what you really want from your prop firm, though, is a straightforward and flexible approach, you may want to go for Apex Trader Funding.

Ultimately, the decision rests on your level of experience, appetite for risk, and which platforms and instruments you prefer. It’s important to brush up on the ins and outs of both prop firms so you can choose the one which best meets your needs.

If you decide to sign up with one of these prop firms, we recommend you to take advantage of our Exclusive Coupon Codes which can get you a 50% lifetime disocunt.

• Apex Trader Funding Coupon Code 2024: DDGJLBLV

• TakeProfitTrader Coupon Code 2024: PROPFIRMPLUS

To dive deeper into TakeProfitTrader and Apex Trader Funding, visit our comprehensive Prop Firm Reviews.

• TakeProfitTrader Review 2024

• Apex Trader Funding Review 2024