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Apex Trader Funding, established in 2021, is a proprietary trading firm specializing in futures trading. It has garnered a solid reputation with a 4.5-star Trustpilot rating based on 10,244 reviews. The firm has been recognized for its influence in the trading industry, receiving accolades such as the 2023 Benzinga Award and 2023 Financial Services Review Award. Additional recognition includes an NASDAQ Interview in 2023, along with interviews on platforms like Modest Money, Medium, and Canadian Futures. The company operates from Texas, USA, with Rithmic and Tradovate serving as their brokers. Apex Trader Funding exclusively offers trading in futures products on key exchanges, including CME, COMEX, NYMEX, and CBOT. Other financial instruments such as cryptocurrencies, CFDs, and stocks are not available on their platform.
Apex maintains a private Facebook group with 25,000 members, providing a close-knit community feel. However, their public social presence is rather modest. CEO Darrel Market has limited exposure, with only 92 LinkedIn followers and no significant activity.
Apex Trader Funding offers a 1-step evaluation process for its traders. Unlike other prop firms that require multiple phases, Apex allows traders to qualify within 7 trading days if they meet the profit target before hitting the maximum drawdown.
Key Features:
• Account Sizes: Traders can choose account sizes from $25k up to $300k.
• Profit Split: Apex offers a generous 90% profit split.
• No Daily Drawdowns: Traders are not penalised with daily drawdown limits, and trading too many contracts results in the trade being rejected rather than a challenge failure.
• Leverage: Not clearly defined in the available documentation.
Instruments:
Apex Trader Funding focuses on futures products, offering trading in:
• Equity Futures
• Currency Futures
• Agricultural Futures
• Energy Futures
• Metal Futures
• Micro Futures
Apex uses NinjaTrader, a popular platform among futures traders. Feedback from users suggests that the platform is well-suited for honing trading skills and executing trades effectively. However, traders have pointed out that the drawdown rule is strict and requires a disciplined approach.
Apex has a structured payout process:
• Minimum Payout: $500 via ACH.
• Payout Request Dates:
• 1st-5th: Payout processed by the 15th.
• 15th-20th: Payout processed by the 30th (or last day of the month).
Despite this clear structure, the firm has only 5 reported successful payout reports on PropFirm Match, which raises concerns. While Apex features a payout leaderboard highlighting large payouts to traders, the low number of verified independent payout reports and negative discussions on trader forums like EliteTrader.com have cast doubt on the firm’s ability to honour payout commitments. This has led some in the trading community to question whether they can be fully trusted.
Apex Trader Funding offers a unique, fast-track 1-step challenge for futures traders with a high profit split. The platform is well-regarded for its environment, but the strict drawdown rules and limited successful payout reports may raise some red flags. While they have been recognized in the industry and received several awards, traders should proceed with caution and ensure they fully understand the terms and conditions before committing to any challenges.
