Apex Trader Funding Review for 2024

Apex Trader Funding has risen to the top of the Funded Futures Traders firms quickly from 2021 when it was founded by Darrell Martin. Recently Apex Trader Funding has become bigger than all other programs combined in accounts funded. Apex Trader Funding has achieved remarkable growth over the years and has surpassed all other prop trading firms in terms of accounts funded. For the month of May alone, Apex has paid out $4.2M to its traders. Most prop trading firms do not pay that type of money out in a whole year.

This achievement demonstrates the company's commitment to providing a reliable and efficient platform for traders to grow and succeed in their trading careers. We have been closely following the company's growth as well as trading with the prop from from the early days of their start. Therefore the growth and improvements of Apex does not really surprise us at all.

Apex Trader Funding Promo Code: FXGWNPOA

You can get 80% off for the first month, 80% on reoccurring months, half-priced resets on up to 20 accounts with the coupon code: FXGWNPOA.

🗓️ Attention Traders! Apex is rolling out a significant sale this August! They are offering a whopping 80% off on all evaluation sizes and a recurring 80% discount that extends until the the end of February. With such generous deals, it's definitely worth checking out what they have to offer.

Apex has some unique trading features that could be of interest:

• 📝 Apex offers a faster evaluation period than many other platforms, requiring only 7 days to pass and qualify for an evaluation.
• 🔁 They also provide lifetime Price Action (PA) options, a somewhat rare feature that could provide long-term stability for traders.
• 💰 Only 10 days of trading a PA is needed to qualify for withdrawal, with 2 payouts provided per month, making liquidity more accessible for traders.
• 📊 With Apex, traders can manage up to 20 PA accounts simultaneously, which could be an advantage for experienced traders aiming to diversify their trading strategies. There's no waiting to activate another PA - if a trader qualifies for 20, they can trade 20 at the same time.
• 💵 The profit split policy at Apex seems quite generous. Traders receive 100% of the first $25k they make, and after that, there's a 90/10 split in place.

Apex is also offering an extended discount with the coupon code: FXGWNPOA. This applies to the 80% initial discount and the 80% recurring discounts.

As an outside observer, it looks like this sale could be a good opportunity for those looking to get into trading or change their existing platform. As always, it's important to do your own research and make sure that it's a good fit for your trading style and financial goals. Remember, investing always carries risk, so proceed with caution.

APEX Funding has had quite a few sales this year already. However, one coupon code that always stays strong and doesn't change is the FXGWNPOA.

Apex Trader Funding News and Program Changes

Apex Trader Funding and Tradovate Partnership

Apex Trader Funding and Tradovate have partnered to offer day traders more flexibility and convenience by choosing between Rithmiic-based platforms, such as the popular Ninjatrader license and Tradovate's user-friendly futures trading platform. Tradovate's platform is known for its ease of use, device compatibility, and Group Trading feature, which enables copying between multiple accounts. The strategic partnership that started in March of 2023 allows traders to benefit from cutting-edge technology and industry-leading customer service, enhancing their trading experience. This move provides traders more options and flexibility, as Tradovate offers a different platform and data connection than Rithmic.

By adding these new plans, Apex Trader Funding ensures seamless trading experiences across various devices, including PC, Macs, tablets, and smartphones. Moreover, dedicated apps are available for download on the iPhone App Store and Android Play Store, making trading more accessible and convenient for traders on the go. This enhancement demonstrates Apex Trader Funding's commitment to meeting the diverse needs of its clients and staying ahead in the competitive trading industry.

Apex Trader Funding Payment Options Update

As of December 15th, 2022, Apex Trader Funding now offers a few different payment options for all new PA accounts. Traders will now have a choice between paying monthly or choosing to pay a one-time fee. These payments options are available for new accounts and are per account basis. This means that while you can have multiple accounts, you can choose to pay in full on some of them, and pay monthly on others. Pre-existing accounts do not qualify for this option.

Updates to Evaluation Rules

7-Day Evaluations

Apex Trader Funding has changed the time it takes for traders to get funded from 10 days to 7 days. Yup, this is a pretty big deal and is improving their overall score with us. To top it off, these rules change also include the existing accounts. This means that if you are currently trading and have reached your profit goal and traded for seven days, you have completed your mission and can now get a PA account. 

Receive 100% of the first $25k paid out

This change is also nothing to sneeze at. Traders will get 100% of the first $25K paid out to them without having to split it with Apex Trader Funding prop firm. Many companies claim to let their traders keep the first certain amount of money 100% to themselves; however, they need to highlight that it is per trader.

If you have multiple accounts funded with those prop firms, you will have to start sharing the profits once you hit that amount in total across all of the accounts. However, Apex Trader Funding will pay you out the first $25K 100% for each funded account you have with them. So if you have four accounts and all hit $25K profitability, Apex will pay you $100K without asking you to cut them a slice. Apex policy states that you can have up to 20 PA accounts at once, so you can do the math.

As with the seven-day evaluation, the prop firm also allows the existing accounts to qualify for the same treatment as new accounts. So if you are currently working in a PA account before the Black Friday sales hit, you will also get to keep 100% of your first $25K.

10-Day PA Payouts

Another massive change. Before this new update, Apex Trader Funding required at least 10 days of trading under the belt to request the first payout. After the December update, Apex allows funded traders to request payouts after only ten days of trading. You will also need 10 days between payout requests. This rule change includes existing accounts as well.

2 Payouts Per Month

Payouts are now allowed to be made 2 times per month. And with the 10-day trading time needed in between the payouts, this makes it possible for you to request two payments in a month. Here is how it will work:

• You qualify for a PA account
• You trade under the PA account for at least 10 days (if you have requested before, you must have 10 days in between requests)
• You reach a minimum balance to request a withdrawal
• You submit a request
• Apex receives the request
• Apex reviews the request
• Apex approves the request
• You receive the payout

The schedule to request payouts is as follows:

• You make a request between the 1st and 5th of the month => Payout gets issued on the 15th
• You make a request between the 15th and 20th of the month => Payout gets issued on the last day of the month
  

Updated and simpler FAQ Section

Apex Trader Funding prop firm has revamped its whole FAQs section. In this newer version, the FAQ is easier to follow and has a ton of videos for training purposes. In addition, the section is now called "Knowledge Base" and has a search bar to type topics that interest you.

Most Popular APEX Trading Plans

Apex Funded Trader Program Breakdown

APEX offers starting capital ranging from $25k to $300k, simulating the amount needed in an online brokerage account to cover the initial margin for the maximum position size. Afterward, you can trade various futures contracts up to the maximum position size, including micro contracts. To advance to a funded account, you need to achieve the profit goal in at least ten different trading days. NinjaTrader License and Real-Time Data Fees are included in the monthly prices.

There needs to be a daily drawdown with Apex Trader Funding. Instead, they have a trailing threshold, the maximum allowed drawdown based on your account's highest balance. You can qualify in as few as ten trading days, with each day's trading hours ranging from 6 pm to 5 pm.

The live trailing Threshold can be viewed in real-time using their trader software. You can trade any day, 23 hours a day, including holidays and news events, but trades must be completed by 4:59 pm ET, and pending orders should be canceled.

The one-step evaluation means you'll be eligible for a funded account if you reach your profit target without hitting the maximum drawdown within seven trading days. Note that news trading strategies generating windfalls are not allowed.

APEX offers a competitive edge with their prop trading program, allowing you to trade the maximum allowed contracts right from the start without scaling. You'll receive a NinjaTrader license, a powerful trading platform, along with real-time data access to popular products from CBOT, CME, COMEX, and NYMEX. A wide range of financial instruments is available, including index, interest rate, currency, agricultural, energy, metals, and newly added micro futures.

APEX charges competitive commissions in line with low-rate online brokerages, ensuring fair pricing for all traders, including scalpers. If you reach the drawdown and fail the evaluation, APEX allows you to reset for only $80, providing an affordable way to restart and try again. This flexibility and affordability make APEX a popular choice for traders seeking prop trading opportunities.

See more of The Best Funded Trader Programs for 2022

APEX Trader Funding Our Experience

The Apex Trader Funding team has put in a lot of work behind the scenes to improve their popular trader funding product. As a result, the new dashboard covers all the technical and account management needs for the trader's whole journey.

Most Features Are self-explanatory, with new additions that make the experience easier and more stress-free. You can see all the subscriptions on the home page of the dashboard. All important information is included in the snippet - expiration, profit goal, drawdown, and account ID for multi-account traders.

Account Summary - a very welcome addition to the trader dashboard.

Before, you had to go into the Rithmic dashboard and manually scroll through days to count how many days have had a trade; after reaching ten days, trader and profit target traders would have to manually submit advancement to funded account requests. 

In the new Account Summary Tab, all accounts list balance and days traders for each account. Traders may also view the chart with the running balance and location of the trailing drawdown—great quality of evaluation improvements here. Payout Requests can now be handled from the dashboard.

Flatten Accounts Feature. Things happen in the fast-moving trading world. Power goes out; volatility causes trading software to crash. Orders get stuck between your click and the data feed provider's servers. No more need to panic and scramble to figure out what to do with hopes of reaching support in time to avoid disaster. Log into your trader dashboard online and request to flatten the accounts. Significant time and potentially account saving feature.

Data and Second login management can be handled from the dashboard and be activated in 15-30 minutes. New account sign-up can also be handled from the dashboard; select the new account of your choice, enter discount code FXGWNPOA to save 80%, and start a new evaluation

Going Live - Becoming Funded Trader

Once the system detects that Profit Target and Min Day Traded requirements have been met, traders are sent a funded trader contract and request to pay set up / data fee. Contracts are fairly simple and go over-funded account rules and payout instructions. No super intrusive inquiries and disclosures are necessary, like with some competitors.

The accounts we got funded in May, contracts were filled out at 7 am, and live accounts were ready before the market opened at 930am. The process is very smooth. Very Important to note: the contract has to be completed within two business days of being sent out. Not sure why such a rush is necessary. But please pay attention to your emails after completing the evaluation.

Getting Paid - Apex Payouts

Good News! Apex is a very trustworthy company. Low-fee evaluations allow you to be funded in 7 days and be on the way to trading for a 100% profit split at first. 

Keep 100% of your first $10,000 profit withdrawals.

Not so good news: It is not a get-rich-quick scheme. Traders are encouraged to grow accounts and not make large withdrawals at first. There is a minimum trading day requirement for requesting withdrawals. There are many opinions on this format. While it is great for growing accounts and having a sufficient cushion to work with, many traders would like to have an option to get paid for great performance. The fourth withdrawal is when things finally open up and unlock the full value of Apex Trader Funding:

• Low Fee
• Fast Funding
• Trusted Company
• High Available Leverage
• Trading software included in evaluations and live phases

Withdrawals are paid out on the last day of the month.

Let’s look at our two favorite accounts, the 50K and 150k, which in our opinion, offer the best value. 

Payout Requirements

Traders are asked to complete multiple criteria to make withdrawals at Apex Funded Trader Program:

• 10 Days Traded to request the first payment
• Keep a cushion above which you will be withdrawing
• Request a minimum of $1000 withdrawal
• Make sure you request withdrawal under the max allowed amount
• Request payout so it can be paid out on the last business day of the month

Things open up nicely after the first payout—the next two months, only ten trading day requirements with the same minimum and maximum amounts in place.

For the fourth month of trading live with Apex, traders are only required to trade for ten days, and no maximum withdrawal limits are imposed.

This format is very common in the funded trader industry; it allows companies to get a better sample size of traders' performance to know how to handle the live accounts on their back end. No worries, you will still get paid; companies just might let reckless traders blow up without copy-trading them.

Get Paid More For Same Performance at APEX

Firstly, when purchasing evaluations, use discount code FXGWNPOA only to pay half price for evaluations. There are techniques and approaches to being funded at APEX thanks to them allowing multiple evaluation accounts under one master account (DO NOT create multiple logins, only one per person is allowed)

Let's pull our two best programs at APEX:

Advanced Strategies and Aggressive Futures Trading

Trading and Funding Multiple Accounts and Strategies at once under one main APEX account!

Most will settle for just one evaluation account, and it is common for the trader funding industry to limit traders to only one evaluation or trading exam account at once. However, Apex allows you to trade multiple trader evaluation accounts at once. This allows you to tackle your trading goals in different ways and use more advanced trading strategies:

• Spread out the risk: if you would like to trade large positions and lower the chance of hitting the drawdown, scaling into multiple accounts will lower the chances of hitting the drawdown than putting the same risk on in a single account. It is also much easier to look at ten times $200 loss than one $2000 and have plenty of room to trade out of the small drawdown.
• Push the leverage - a trade copier is available to copy the trades into multiple trading accounts from one DOM. You could get multiple accounts on a great sale, hook up the trade copier and go. You can trade as many accounts as you want. 
• However, Apex reserves the right to limit the number of Live accounts one trader can have, so to be safe; they recommend not going over ten accounts (read high trading leverage breakdown only if you are an extremely aggressive trader, look away if having more than two futures contract position makes you queasy) 
• 10x 300k Full accounts cost $657; with this great funding program sale, you can get 10 of these programs for $3285; using the trade copier, you can trade up to 350 futures contracts with a drawdown across all accounts of $75,000. 
• That massive leverage and opportunity would require well over $1,000,000 in even the most aggressive margin brokerage accounts. And then, guess what? If you do not succeed right away, you can reset all those accounts for only $80 each or $800 total, and you get to give 350 contracts and a $75000 drawdown account another chance to get funding. 
• This type of extreme aggressive leverage is not for everyone; to be honest, it is for almost no one. Leverage is a double-edged sword with extreme downside risk, and that risk almost always catches up with overleveraged traders. But if you take such substantial risks, it is probably favorable to do it for $3285 after passing the trading test rather than in a million+ trading own money account. 

Firstly, a 150K account is the best if you want to get a large drawdown and only operate a single account. 25K is a good starter account with a 1:1 profit target to drawdown ratio.

50k account brings the best value - good drawdown to profit target ratio with a great low price. 

Very important: for the sake of this exercise, traders need to be able to spread the risk amongst multiple accounts manually or use trade copier software.

For the sake of comparison, we are working with the following:

• Two 50k accounts vs. a Single 150K account
• The trader is performing and profits well over the maximum withdrawal limit
• Position sizing should not be an issue as 50k accounts allow more than half of 150k account position sizing 10 x 2 vs. 17.

Total available drawdown:

• $5,000 in both accounts

Profit Target to Funding:

• $6,000 to $9,000
• 2x50k requires $3,000 less in profit target to get funded for the same drawdown amount as the 150k account.

Once Funded:

• Both scenarios require the same amount of cushion to be able to withdraw above - $5,000

Now for withdrawals during the first three months:

• $4,000 - Max Withdrawal for 2x50k
• $2,750 - Max Withdrawal for 150k account

Traders can withdraw $1,250 a month more and a total of $3,750 more over the first three months, while trader performance is the same. And let’s not forget that it takes $3,000 less in profit to qualify.

Apex - Trusted Company and Trader Community

Many funding companies have gone and gone, so it is fair to be concerned that the company offering seems too good to be true deals. 

APEX has been around for almost 14 years operating in the trader education and development space. They have a massive community of over 30,000 traders spanning most of the world. Founder Darrell Martin has worked with many funded trader funding programs to take away their best features to bring you simple trader funding opportunities without adding too many hoops to jump through even to pass a single step. 

Sounds Great! Right?! Well… they are also running a massive flash sale of 80% off! Extremely rare to see such a high funded drawdown to cost ratio, possibly never before seen in the industry.

Start your funded trader journey with APEX today.

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Read more about the risks associated with funded trading.