Apex Trader Funding Review

Apex Trader Funding (ATF) Review 2024

Apex Trader Funding is one of the industry’s leading proprietary trading firms. It offers a simple approach to funding traders from across the world and their One-Step Evaluation Process has made them a popular choice among day traders. The futures prop firm offer traders the chance to prove trading proficiency within a given number of trading days to achieve the profit goal and eventually earn a funded account.

This Apex Trader Funding review will delve into the specifics of the services, highlighting their evaluation programs, trading software, rule sets, and more.

ATF is a futures proprietary trading firm which provides trader funding programs to traders. The company is one of the leading firms in the industry and its unique model gives traders the opportunity to use Apex’s capital to trade futures contracts, including micro contracts.

Their simplified One-Step evaluation process is one of the attributes that sets them apart from other proprietary firms. Traders are able to demonstrate their trading proficiency at this stage, with a given number of trading days, in order to meet their profit targets and earn a funded trading account.

It is an easy platform to navigate, and it supports multiple trading strategies, catering to different trading goals.  Risk disclosure – Traders must note that trading futures involves considerable risk, and this Review is intended for informational purposes and should not substitute financial advisors’ advice. Always consult with a financial professional for financial decisions.

  • Receive 100% of the first $25,000 per Account and 90% Beyond That
  • Two Payouts per Month
  • Trade Full-Sized Contracts in Evaluations or Funded Accounts
  • No Scaling or Failing by Going Over Contract Size
  • No Daily Drawdowns
  • Trade on Holidays
  • Trade Your Normal Day-to-Day Strategy or System During The News
  • No Total Cap on Maximum Payout
  • One-Step Evaluation Process
  • Real-Time Data Included
  • Simple Risk Management Rules
  • Trade With Multiple Accounts up to 20 max

Explore ATF Rithmic plans to elevate your trading experience.

Explore ATF Tradevate plans to elevate your trading experience.

ATF account size or Starting Capital: $25k – $300k represents the starting balance in your simulated trading live data environment. That number is roughly the amount of funds you would need in your online brokerage account to cover the initial margin for the maximum available positions size in the program. You are getting an opportunity to leverage a small dollar amount into a significant leverage, real money trading account.

Contracts: Maximum position size or most futures contracts you can have traded in your trading exam account. You do not have to trade the full size at once, and you are able to trade just one at a time. And if market conditions get too crazy, you can trade micro contracts too (for example, MES/MNQ are 1/10th the size of ES/NQ). A maximum number of futures micro contracts is listed next to full contracts size.

Profit Goal: This is pretty straight forward – reach the profit goal, and as soon as you place a trade during ten different trading days and have funded account balance above starting balance + profit goal, you will advance to funded money account to trade for real money profits.

Daily Drawdown: NONE! There is no daily drawdown. Competitors make you adhere to Daily and sometimes weekly account drawdowns. With Apex Trader Funding, you have all the breathing room you need to trade with one drawdown or trailing Threshold.

Trailing Threshold: or maximum allowed drawdown for trading exam account. Drawdown is the dollar $ trailing your highest reached balance. For example, suppose you have a $7.5k drawdown in a $300k account.

When first starting, the balance cannot cross below $292.5K. As you make profits, the drawdown trails. If the balance reaches $303K, the level you can drawdown to becomes $295.5k.

Scaling: Once again, another big advantage of working with Apex Trader is to achieve a real withdrawable money account. Many competitors ask you to scale your positions, sizing up as you make a profit, and try to trap you for violating the contract sizing rules if the balance is in the wrong position sizing bracket. Here you have the freedom to trade maximum allowed contracts from the first trade.

NinjaTrader License: One of the most popular and powerful trading platforms is included with the Apex Funding Program and is ready to go from the start. Ninja Trader’s lease for just the platform is $225 quarterly. So here, you get a chance to get funding for the cost of software alone.

Real-Time Data: In the Apex funded program, you get immediate access to all the live data, including the most popular products from CBOT, CME, COMEX, NYMEX. In addition, you can earn funding trading the products of the following futures:

  • Index Futures – ES, NQ, YM, EMD, RTY American indexes and even get crazy with wild NKD Nikkei futures.
  • Interest Rate Futures – ZB, UB, ZN, ZF, ZT, GE
  • Currency Futures – Aussie Dollar, British Pound, Canadian Dollar, Euro FX, Japanese Yen Futures (Inverse of USD/JPY), Swiss Franc, and New Zeeland Dollar
  • Agricultural Products – Lean Hogs (HE), Live Cattle (LE), Feeder Cattle (GF), Corn (ZC), Wheat (ZW), Soybeans (ZS), Soybean Meal (ZM), Soybean Oil (ZL)
  • Energy Futures – CL, NG, QG (mini natural gas), HO, RB
  • Metals Futures – GC, SI, HG, PL, PA, QI, and QO

Newly added micro futures that are 1/10th the size of full contracts:

  • Index Micros: MES, MNQ, MYM, M2K
  • Metal Micro: MGC
  • Currency Micros: M6A, M6E
  • Micro Crude Futures

As you can see, there is a large range of financial instruments available for you to trade with a very flexible position size.

Commissions: Like in real-world trading, during the Apex evaluation account, commissions are charged for trading.

Round Trip commissions:

  • Equity Index Futures: $3.98 bet round turn
  • Interest Rate futures: $3.12-4.02 / RT
  • Currency Futures are $4.72 per round turn trade
  • AG Futures: $5.58 RT
  • Energy Futures: $3.96
  • Metals: $4.62 for full contracts and $3.02 for the minis
  • Micro Futures: $1.02/RT or less

Another place Apex Trader shines, commissions are in line with the lowest rates at online brokerages. Some of the competitors overcharge on commissions, especially punishing scalpers.

Reset: If you reach the drawdown and fail the evaluation. You can reset it for only $80 and start over. Likewise, you can get aggressive with large accounts and restart for only $80. While not ideal for a disciplined trader path, it is an approach you can take with this program.

ATF team has put in a lot of work behind the scenes to improve their very popular trader funding product. The new dashboard covers all the technical and account management needs for the trader’s whole journey.

Most Features Are self-explanatory, 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 10 days trader and profit target traders would have to submit advancement to funded account requests manually. 

In all 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 – Incidents occur in the fast-moving trading world. Power goes out, volatility causes trading software to crash. Orders get stuck somewhere between your click and the data feed provider’s servers. Now there is no need to panic a to try figure out what to do with hopes of reaching support in time to avoid disaster. Simply log into your trader dashboard online and request to flatten the accounts. This saves a significant amount of time and is potentially an 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 be handled from the dashboard as well – select new account of your choice, enter discount code: ONKAGNVZ to save 50% for life and start new evaluation.

Once a system detects that the Profit Target and Minimum Day Traded requirements have been met, traders are sent a funded trader contract and request to pay set up / data fee.

The contract is fairly simple; they go over funded account rules and pay-out instruction. No super intrusive inquiries and disclosures necessary like with some of the competitors. The accounts we got funded in May, contracts were filled out 7AM, live accounts were ready before the market open at 930AM. Process is very smooth. It is very Important to note that the contract has to be completed in two business day from being sent out. Please pay attention to your emails after completing the evaluation.

Good News! Apex Trader Funding is a very trustworthy company. They have a low fee evaluation that allow you to be funded in 10 days and be on the way to trading for 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 account and having sufficient cushion to work with, many traders would like to have an option to get paid for great performance. At the fourth withdrawal is when things finally open up and you get to unlock full value of Apex Trader Funding:

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

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

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

50k Full 10 Contract Account

First

After 25 days where trades were placed

$52,500

$1000

$2000

Second & Third

1x per month with 10 days where trades were placed

$52,500

$1000

$2000

Fourth On

1x per month with 10 days where trades were placed

$52,500

$1000

No Max

 150k Full 17 Contract Account

First

After 25 days where trades were placed

$155,000

$1000

$2750

Second & Third

1x per month with 10 days where trades were placed

$155,000

$1000

$2750

Fourth On

1x per month with 10 days where trades were placed

$155,000

$1000

No Max

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

  • 25 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 first pay-out. Over the next two months, only 10 trading day are required with the same minimum and maximum amounts in place.

During the fourth month on trading live with Apex, traders are only required to trade 10 days and no maximum withdrawal limits are imposed.

This format is very common in the funded trader industry. It allows companies to get better sample size of trader’s performance to know how to handle the live accounts on their back end. Don’t worry, you will still get paid, but companies might let reckless traders blow up without copy trading them.

Firstly, when purchasing evaluations, use discount code: ONKAGNVZ to only pay half price for evaluations. Big savings right there!

There are techniques and approaches to being funded at Apex Trader Funding as they allow multiple evaluation accounts under one master account (DO NOT create multiple logins, only one per person is allowed!)

Let’s pull ATF’s two best funding programs:

$50k Account brings the best value – good drawdown to profit target ratio with a great low price.

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

NOTE: 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 sake of the comparison, we are working with:

Two $50k accounts vs a Single $150K account

The trader is performing well, profits well in excess of 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 amount of drawdown 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 3 months:
$4,000 – Max Withdrawal for 2x50k
$2,750 – Max Withdrawal for 150k account

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

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 Trader Funding 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 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 Trader 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 is massive leverage and opportunity that would require well over $1,000,000 in even the most aggressive margin brokerage accounts. And then guess what, you do not succeed right away, you can reset all those accounts for only $80 each or $800 total, 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 are going to take such substantial risks, it is probably favourable to do it for $3285 after passing the trading test, rather than in a million+ trading own money account.

There have been a lot of funding companies that have gone and gone, so it is fair to be concerned that the company that is offering seems too good to be true deals. 

Apex Trader has been around for almost 14 years’ operating in trader education and trader 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 programs before 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

Start your funded trader journey with Apex Trader Funding

Save 50% for a Lifetime with Coupon Code: ONKAGNVZ

In summary, Apex Trader Funding is a game-changing prop firm that empowers traders with funding and support in order to help them becoming successful funded futures traders. With multiple funding opportunities, low prices, and flexible repayment options, ATF stands out in the proprietary trading industry. The step-by-step process, from application to profit payout, ensures that traders are well-supported throughout their journey to financial independence. Additionally, Apex Trader is futures prop firm that pays out the most, the firm has an average monthly payouts of over $7,000,000 which is by far the leaders in the prop trading industry, all assets combined!

Unlock your trading potential with Apex Trader Funding by following expert recommendations along continuous learning, understanding and managing risk, and embracing technology. Approach trading with discipline, adaptability, and persistence to increase your chances of success. Don’t let financial constraints delay your trading goals – join ATF today, get an exclusive 50% Lifetime Discount through our Apex Trader Coupon Code ONKAGNVZ.

Risk Disclosure: This content is provided for informational purposes only. We strive to make the content accurate and current by updating it often. Sometimes, the actual data may differ from what is stated on our website. FundYourTrade.com operates independently. Although we are an independent platform, advertisements and sponsored products may compensate us. We also receive compensation for clicking on links on our website. Authors and contributors are not certified or registered financial advisors. Before making any financial decisions, you should consult a financial professional.

Please refer to the following pages of our website to read about similar other Prop Firms leading the industry such as: BluSky Trading Company Review

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.

Your account will be funded within seven days of your evaluation being submitted and approved.

You are allowed two payouts per month.

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.

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