Apex Trader Funding Review 2024
Apex Trader Funding or ATF is a proprietary trading firm set up in 2021 by Darrell Martin in Austin, Texas, US. The prop firm’s credibility is vouched for by over 6,000-day traders globally who have reviewed it on Trustpilot. The Apex Trader Funding Trustpilot impressive TrustScore of 4.8 says it all, a futures prop firm trusted by thousands! Prompt payouts and exceptional customer service are trademarks of the firm, as well as a more relaxed regulatory framework and their support for trading on multiple accounts using a trading copier tool. Nonetheless, traders should be aware of the firm’s rules on profit targets, trailing thresholds, and the fact that trading is confined to 23 out of 24 hours daily.
Apex Trader Funding provides a total of eight account options at varying prices. Once a trader purchases an account, they will be sent login details through email and gain access to a range of platforms, including NinjaTrader, Rithmic and Tradovate. The firm has one fundamental rule during the evaluation: don’t breach the trailing threshold. Traders also need to adhere to specified trading hours and instruments.
This Apex Trader Funding Review 2024 takes you through everything you need to know about the prop firm and how you can get started with an evaluation.
What Is Apex Trader Funding?
Apex Trader Funding was founded in 2021 in Austin, Texas by Darrell Martin. The prop trading firm enables futures traders to access funded trading accounts once they have successfully completed an evaluation, known as Evaluation Accounts.
A prop trading firm trades a variety of financial instruments with its own funds, as opposed to that of its clients. In contrast to investment firms, the key objective of prop firms is to secure direct market profits. Most prop firms employ a team of experienced traders who generate profits for the firm using a wide range of trading strategies. Traders are compensated based on their performance, receiving a percentage of the profits they generate. Apex Trader Funding specialises in futures trading, and traders partnering with the firm can trade everything from foreign exchange, interest rate and equity futures through to agricultural, energy and metals futures.
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Who Is Apex Trader Funding’s Founder?
Darrell Martin, the founder of Apex Trader Funding, embarked on his trading journey as a self-taught trader, motivated by a deep sense of responsibility after the birth of his first child. Driven by the need to provide additional income, Martin attended a series of motivational seminars that introduced him to the profit potential of market dynamics. Despite his initial lack of knowledge about trading, Martin immersed himself in the field. From diligently attending courses to seeking mentorship from experienced forex traders and market experts, he gradually unravelled the secrets of the financial markets and learned to trade profitably.
Martin’s trading journey, however, was not without challenges, particularly in securing the funding he needed to expand his trading activities. As a result, he decided to set up his own firm to offer aspiring traders the same opportunities he would have benefitted from himself earlier in his career. ATF has since funded almost a billion dollars and paid out nearly 2 million dollars to its traders. In addition to Apex Trader Funding, Martin also founded ApexInvesting.com, a thriving trading community with more than 30,000 members from around the world.
What Makes Apex Trader Funding Legit?
Apex Trader Funding is well-regarded as a result both of its transparent operations and the reputation of its founder, Darrell Martin. The firm has over 5,000 reviews on Trustpilot, giving it an average rating of 4.8 stars and commenting particularly on the prompt and reliable payouts. Reviewers also praise Apex for its responsive customer support and clear evaluation procedures. All in all, the suggestion is that the firm is highly trustworthy and any doubts about scams can be put aside.
What Are Apex Trader Funding’s Pricing Tiers?
Apex Trader Funding offers a range of account sizes, starting at $137 and reaching $657, depending on the selected level.
Each account size has its own profit target, contract size, and trailing threshold. While these features don’t differ much between the Rithmic and Tradovate plans, monthly fees for each account size do. For example, the $25,000 account is priced at $167 monthly with Tradovate but only $147 monthly with Rithmic. Both plans feature a contract size of 40 microns, a profit target of $1,500, and a trailing threshold of $1,500.
The following table provides a summary of contract sizes, profit targets, trailing thresholds, and monthly fees across various account sizes within each plan:
Rithmic Plans
Tradovate Plan
Does Apex Trader Funding Offer Price Discounts?
Apex Trader Funding offers significant discounts ranging from 50% to 90%, including an 80% sale option. Traders can access these discounts using this Apex Trader Funding discount link and entering the coupon code “DDGJLBLV” during the checkout process. It’s worth noting that this coupon code is dynamic, meaning it automatically updates to reflect the most recent discount available at the time of use. The discount comes into effect immediately when you purchase the evaluation. The coupon is a set of letters or numbers that customers enter during checkout to take advantage of the discount, according to the terms and conditions specified.
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Does Apex Trader Funding Allow Multiple Accounts?
Apex Trader Funding allows traders to use multiple accounts – up to 20 accounts simultaneously.
How Does Apex Trader Funding Work?
Apex Trader Funding has a streamlined 7-stage procedure, designed to make their traders’ experience as seamless as possible. Traders start by purchasing an evaluation account. They are then sent their login details over email, enabling them to access their preferred trading platform. The following stage requires them to meet a set of trading targets, at the same time as sticking to the rules set out by Apex Trader.
Traders who successfully achieve these objectives pause their trading and wait to receive their funded account (usually within two days). This marks the transition to the next stage, where traders start generating profits using their funded account. Ultimately, the process is concluded when traders withdraw their portion of the profits.
Apex Trader Funding Evaluation
ATF prop firm stands out for its straightforward evaluation process, offering its traders the simplest pathway to funded accounts. Traders can withdraw the entirety of the first $25,000 they generate in profits – for each account they have – and 90% thereafter. Darrell Martin and his team are notable for their unwavering dedication to constantly enhancing the platform for their traders. For example, a recent measure (in place since 29th September 2022) automates the flattening and closing of positions at 4.59pm (ET), meaning traders no longer risk failing an evaluation or PA for holding open positions past this time.
Apex Trader is Best For:
- Traders new to the industry aiming to build their experience and knowledge and access resources for trading.
- Traders with more experience in search of capital to increase their profitability in the futures market.
- Active day traders requiring flexibility in the trading strategies they use and the option to diversify risk across a number of accounts.
- Futures day traders looking for a prop firm that offers streamlined risk management strategies and minimal trading complications.
- Prop traders after a reliable income stream, who will particularly value a prop firm providing consistent payouts.
Features
- Fast evaluation period: Apex’s one-week evaluation process underscores the firm’s dedication to accelerating their traders’ growth and success. This quick assessment distinguishes the firm from its competition and provides traders with the ability to demonstrate their skills swiftly.
- Lifetime Price Action (PA) options: The introduction of lifetime PA options demonstrates the firm’s innovative approach, providing traders with long-term stability unheard of elsewhere in the industry.
- Efficient withdrawals and enhanced liquidity: Apex requires only ten days’ trading before traders can request withdrawals, as well as the option for two payouts each month. This reflects the firm’s understanding of traders’ requirements, enabling swift access to profits and boosting traders’ liquidity.
- Multiple account management (Up to 20 PA Accounts): Apex Trader Funding allows traders to manage as many as 20 PA accounts at the same time, enabling seasoned traders to diversity their strategies. Activation occurs immediately, so traders can seamlessly adapt and execute a range of trading strategies.
- Generous profit share policy: Apex’s profit-sharing framework is further evidence of the firm’s dedication to recognising the success of their traders and incentivising them further. Traders retain the entirety of the first $25,000 they generate in profits, and 90% thereafter.
What Are Apex Trader Funding Rules?
Apex Trader Funding has five key rules, as follows:
- Avoid breaching the trailing threshold.
- Prevent unauthorised access by others to your account.
- Trade for a minimum of seven days.
- Adhere to the specified trading hours.
- Only trade the permitted instruments.
These rules, like those of many other prop trading firms and trading competitions, are put in place to uphold fair, responsible, and disciplined trading practices. They generally emphasise risk management, security, consistency, and the need to maintain a strategic approach to trading.
The following table outlines the trailing threshold and contract size for each account size:
| Account Sizes | Monthly Fees (Rithmic) | Monthly Fees (Tradovate) | Contract Sizes | Profit Target | Trailing Threshold |
| $25,000 | $147 | $167 | 4 (40 Micros) | $1,500 | $1,500 |
| $50,000 | $167 | $187 | 10 (100 Micros) | $3,000 | $2,500 |
| $75,000 | $187 | $207 | 12 (120 Micros) | $4,250 | $2,750 |
| $100,000 | $207 | $227 | 14 (140 Micros) | $6,000 | $3,000 |
| $150,000 | $297 | $317 | 17 (170 Micros) | $9,000 | $5,000 |
| $250,000 | $517 | $537 | 27 (270 Micros) | $15,000 | $6,500 |
| $300,000 | $657 | $677 | 35 (350 Micros) | $20,000 | $7,500 |
| $100,000 (Static) | $137 | $157 | 2 (20 Micros) | $2,000 | $0.00 |
NB: Contract size, profit target, and trailing threshold are the same for Tradovate and Rithmic plans.
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Across every plan, all account sizes share common features, including no scaling requirements or drawdown restrictions, and complimentary access to the Rithmic platform with real-time data. Furthermore, Tradovate accounts include a licence for the Tradovate platform, recognised for its accessible interface, compatibility across multiple devices, and group trading functions which facilitate trade copying across different accounts. The accounts are also compatible with the TradingView platform.
How Does Apex Trader Funding’s Trailing Threshold Work?
Apex Trader Funding implements a trailing threshold mechanism to establish a loss limit for traders, which varies based on their account size and serves as a moving safety line tied to the account’s peak balance. As traders make gains, the trailing threshold adjusts upwards accordingly. If the account balance falls below the threshold, the account is automatically closed. For paid accounts, the trailing threshold ceases once profits surpass the initial amount by $100.
What Are Apex Trader Funding’s Trading Hours?
Apex Trader Funding operates for 23 hours a day, five days a week. Trading starts at 6.00 PM ET from Sunday to Thursday, but all trades and open orders need to be closed between 4.59 PM ET and 6.00 PM ET daily. Failure to adhere to these trading hours results in the account failing for paid/funded accounts. For the evaluation phase, the firm closes any trades that are open or initiated outside the specified trading hours, but trading can resume the next day without the account being closed.
Trading Instruments
Apex Trader Funding offers the following financial instruments:
- Equity Futures e.g. E-mini-S&P 500, Nikkei NKD, E-mini-NASDAQ 100
- Interest Rate Futures e.g. Micro 10-Year yield futures, 2-year note, 30-year bond
- Currency Futures e.g. Australian Dollar, Euro FX, Japanese Yen.
- Agricultural Futures e.g. corn, wheat, live cattle
- Energy Futures e.g. crude oil, natural gas, heating oil
- Metal Futures e.g. gold, silver, copper
- Micro Futures e.g. Micro E-Mini S&P 500, E-Micro Gold, Micro Crude Oil
- Cryptocurrencies e.g. Micro Bitcoin, Micro Ethereum.
Trading Platforms
Apex Trader Funding is compatible with following 15 trading platforms:
- NinjaTrader 8
- Tradovate
- Rithmic RTrader Pro
- WealthCharts
- ATAS
- Bookmap
- EdgeProX
- Finamark
- Jigsaw Trading
- MotiveWave
- Quantower
- Rithmic Trader Pro Mobile
- Rithmic rTraderPro Web
- Sierra Chart
- Volfix
Customer Service
Apex Trader Funding offers customer support through both live chat and online ticketing. The latter entails completing a form with your email address, inquiry subject, Rithmic ID (if applicable), and a summary of the problem, with the possibility of attaching a file too. Once submitted, responses typically take from 48 to 72 hours, which may be seen as too slow by some. The live chat feature offers a faster means of communication, with responses within two minutes after you have provided basic contact details. It’s worth noting that 97% of inquiries can be resolved through the FAQ section, which the firm encourages users to take a look at before getting in touch with customer support.
Apex Trader Funding maintains a presence on all the main social media platforms, including Facebook, Twitter, YouTube, and LinkedIn. However, direct messaging is not an available way of contacting customer support.
Apex Trader Funding’s Trustpilot rating is an impressive 4.8 out of 5 based on over 6,000 reviews, of which 93% give five stars. The feedback is overwhelmingly positive, though it’s worth noting that the comments primarily evaluate the product and service quality rather than customer support specifically.
Some of the key benefits to partnering with Apex Trader Funding include:
- Flexible account sizes: Apex Trader Funding offers a range of account sizes, starting at $25,000 and reaching $300,000.
- Appealing profit share: Traders retain the entirety of the initial $25,000 they generate in profits, with a 90% profit share thereafter.
- Minimal rules: Apex Trader Funding’s rules are kept to the bare minimum, without daily drawdowns and complex scaling plans, providing traders with clear, easy-to-follow guidelines.
- Responsive customer support: The firm has several contact methods, including email and live chat, for traders needing help.
- Trustworthy: Apex Trader Funding is a legitimate prop trading firm, providing a physical address and contact number which instils trust in its traders.
- Complimentary NinjaTrader license: Apex Trader Funding’s traders can use the NinjaTrader platform free of charge.
- Minimum trading days: Traders are eligible for a funded account after only seven days.
There are three disadvantages to Apex Trader Funding that traders should take into account:
- No free trial: The firm doesn’t offer free trials to potential traders.
- Absence of education center: Apex Trader Funding doesn’t offer its traders any educational resources or mentorship.
- Limited to day trading: The firm caters to day traders, so may not appeal to traders employing other strategies.
Conclusion
Apex Trader Funding sets out to empower their traders, providing them with a straightforward route to accessing capital and trading profitably. The firm’s notable array of features makes it a standout choice for a range of traders who share one goal: profiting from the futures market. The attractive payout structure is a major plus, allowing traders to retain a substantial share of the profits they generate.
Additionally, the capacity to manage large contract size enables traders to use more extensive trading strategies. The simplified evaluation process and nurturing trading environment foster an atmosphere conducive to growth and learning. ATF also emphasise the importance of data security and risk management, meaning traders can feel at ease in the knowledge they are working with a secure, reliable firm. All in all, Apex Trader Funding is an impressive market-leader in the constantly evolving futures prop trading industry.
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Apex Trader Funding FAQs
What is the Apex Trader Funding Fee?
Typically, Apex Trader Funding charges monthly payment fees (of $85). However, traders now have the option to make a one-off payment. For more information on the fee structure, see here.
How long does it take to receive funding from Apex Trader Funding?
Your account will be funded within seven days of your evaluation being submitted and approved.
How many times can I withdraw money from Apex Trader Funding?
You are allowed two payouts per month.
Can I create multiple accounts on Apex Trader Funding?
Yes, Apex Trader Funding allows you to create up to 20 accounts on the platform at once. Do note that you pay either a monthly or one-off fee for each account.
