Apex Trader Funding
Going Live
2021
HQ
United States
CEO
Darrel Martin
Website
apextraderfunding.com
Trustpilot
4.4
Our Take on Apex Trader Funding
The all-new Apex Trader Funding accounts and rules move the needle in the right direction and make Apex worth it again. Transparency instead of confusing rules, clear comparison of available account sizes and pricing instead of endless scrolling through options. I like their attempt, despite my criticism about the hidden one-time activation fees, daily drawdowns in the EOD accounts and payout amount limits. Sure, only time will tell how well received the new account rules are, if Apex now really pays out on time without limitation, and how the one-time fee accounts and maximum 6 payout limit impact trader satisfaction.
Apex implies a 100% profit split, but if we read the payout rules, we notice that payouts are limited to small total amounts. So yes, it is factually correct that 100% of profit can be paid out, but only up to a point, and at maximum it is only possible to withdraw money 6 times before the account gets closed and everything has to start all over again. I see this as the major pain point right now.
Apex also tightened the drawdown limit values on some account sizes and reintroduced the daily loss limit on EOD accounts. And finally, another minus: there is an activation fee of $79 for intraday and $99 for EOD accounts, and those fees are tucked away under a dropdown in the pricing section.
Prop Firm Details
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Trading Instruments: |
Futures |
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Futures Assets: |
Futures |
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CFD Assets: |
None |
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Challenge Types: |
|
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Activation Fee: |
$79 for Intraday and $99 EOD accounts |
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Consistency Rule: |
50% |
EOD Drawdown Evaluations
| Prop Firm | Account Type | Account Size | Instrument | Steps | Profit Split | Profit Target | Daily Loss | Max Loss | Price |
|---|---|---|---|---|---|---|---|---|---|
|
End of Day Drawdown | $25,000 | Futures | 1-Step | 100%* | $1,500 | $500 | $1,000 | $177 |
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End of Day Drawdown | $50,000 | Futures | 1-Step | 100%* | $3,000 | $1,000 | $2,000 | $197 |
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End of Day Drawdown | $100,000 | Futures | 1-Step | 100%* | $6,000 | $1,500 | $3,000 | $297 |
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End of Day Drawdown | $150,000 | Futures | 1-Step | 100%* | $9,000 | $2,000 | $4,000 | $397 |
*100% is not really 100% because there are limits on how much money can be withdrawn per payout request. Traders can use Rithmic, Tradovate, and Wealthcharts. Unfortunately, the daily loss limit is back at Apex Trader Funding, this time implemented in EOD accounts. EOD accounts come with an activation fee of $99.
Intraday Drawdown Evaluations
| Prop Firm | Account Type | Account Size | Instrument | Steps | Profit Split | Profit Target | Daily Loss | Max Loss | Price |
|---|---|---|---|---|---|---|---|---|---|
|
Intraday Drawdown | $25,000 | Futures | 1-Step | 100%* | $1,500 | None | $1,000 | $118 |
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Intraday Drawdown | $50,000 | Futures | 1-Step | 100%* | $3,000 | None | $2,000 | $132 |
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Intraday Drawdown | $100,000 | Futures | 1-Step | 100%* | $6,000 | None | $3,000 | $198 |
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Intraday Drawdown | $150,000 | Futures | 1-Step | 100%* | $9,000 | None | $4,000 | $265 |
*100% is not really 100% because there are limits on how much money can be withdrawn per payout request. Traders can use Rithmic, Tradovate, and Wealthcharts. Intraday accounts have a $79 activation fee.
Read Customer Reviews apextraderfunding.com
Apex Trader Funding currently has a Trustpilot rating of 4.4 out of 5, based on 18,070 reviews, which is categorized as Excellent. Thereof, 7,091 reviews are from people invited by the prop firm using Trustpilot’s supported invitation methods. The most recent reviews are predominantly positive.