Apex Trader Funding ReviewRaffaele
Apex Trader Funding: Traders Helping Traders.
Updated on: 2023-02-20
Trading is a profitable job as you can earn handsomely without doing much. All you need is an initial capital to start with. However, it is not as simple as you think because trading requires you to have experience; otherwise, you lose your money within seconds. It does not matter what you choose to start to trade with, as without experience, you cannot go long.
So, you will ask how you can learn to trade. Don’t worry, as there are companies that offer you to learn futures trading with them using their capital. One such company is Apex Trader Funding; its motto, “Traders Helping Traders” indicates that they are here to help people to start learning to trade futures.
Darrell Martin founded the company in 2008, and it now has over 30,000 members in over 150 countries.
They offer customer support via their HelpDesk in 6 languages: english, french, spanish, german, japanese and korean (I guess…)
In conversation with the CEO, Darrell Martin.
We have managed to get in touch with Darrell, as it turns out, the founders are 3: Darrell Martin, John Mark Skelton and Leo Riot.
The company address is:
Apex Trader Funding Inc.
2028 E. Ben White Blvd
Ste 240 -9873
Austin, TX 78741
Let’s discuss whether choosing Apex Trader Funding to start learning to trade is good. Apex Trader Funding is a funding company that aims to turn ordinary people into expert traders. It accomplishes this job by providing traders with funds to start trading futures. What it wants from people is to trade responsibly, which will bring good results.
Apex understands what difficulties futures traders have to face while arranging funds.
Darrell Martin, the founder of the company, had faced those difficulties himself, and that’s why he created a sustainable model of funding futures trading. The company is a community of traders, as traders meet other traders here.
In Darrell’s own words:
“There are 3 founders: Darrell Martin, John Mark Skelton and Leo Riot
We have all been involved in trading together for over a decade. I’ve known John for over 20 years.
I founded apexinvesting about 15 years ago and set it up the way I wish education would have been set up for me when I started trading. A defined system with clear specifications education. Tools with settings preset and accurate. And a trade room with trades called out daily with several lead traders. Also it uniquely offers full access for 30 days with no credit card so people can see we are legit before ever spending a dime. It has grown to 30k members. We don’t charge some big up front fee to see what we do we let you see it for free to determine if it’s a good fit for you. I began my journey trading when my daughter was born and began recording videos for her should I pass. One of my friends urged me to transform them into a education site and that’s how apexinvesting was born. I reside in a small town on a medium size ranch near fort worth Texas. We have mainly raised horses as my daughter is very active in rodeo winning 12 world titles by the age of 13 and just won yesterday the title of rodeo queen of North Texas high school rodeo association.
John joined about 10 years ago and is an active options and futures trader and was previously series 7 licensed. He runs the operations of the Company both apexinvesting.com and apextraderfunding.com and helps with affiliates. John lives in San Antonio.
Leo has worked with me on algos and automated Bots that have made both of us a fortune actually trading. He is a perfectionist and is always improving things. He was a no brainer to bring into apextraderfunding as he has been able to automate so many processes on the customer side and customer service side. He lives in Vegas.
I tried all the main prop firms out there but did not like their rules and setups. I even made 300k at one of then in a month and they capped me out to a max of 50k after that. I found that most where not ran by daily active traders. So I decided as a trader who was well capitalized to start my own funding company by traders for traders with simple rules.
Apex Trader Funding has grown extensively and quickly due to our 24/6 customer service we are constantly hiring. Also we have fixed 1000s of accounts and even eaten funded account losses to fix users accounts when there have been Rithmic issues that are widespread as this is what I would want as a trader. Something I have not seen any Funding company due on a widespread outage.
I’ve been working closely with Rithmic to help them solve many issues instead of just writing them off and have helped to improve their network as we have 3 technical background support on staff to dog in and stay in contact and follow up on issues. We even helped find a bug in NinjaTrader that is currently being worked on. Speaking of Ninja and their acquisition of Tradovate we are already working towards launching this as an alternative option to Rithmic and hope to have more details in the coming month or two.”
What’s unique about Apex Trader Funding?
Apex gives people the opportunity to learn to trade without risking their hard-earned money.
They provide people the initial capital to start futures trading.
Their services are available globally, so it does not matter where you live.
The limitation with most trading companies is that they offer only one account to start trading when you are a beginner. However, this is not the case with Apex, as it gives you the option to trade using multiple accounts.
Trading using multiple accounts reduces risk as the risk gets spread. When risk gets spread, you are likely to get more profits.
Again, directly from Darrell, the CEO:
“We allow up to 20 but recommend 10 just for good fills and to ensure less platform issues. In addition apexinvesting.com offers a trade copier for Ninjatrader where users can copy to as many accounts as they want for entries exits cancels and adjustment of orders.
We just this past week added a flatten all button in our website interface as many users have requested a Rithmic flatten all. “
The Sniper Bootcamp: FREE trading lessons, tools and a live daily trading room.
Here they teach you their own Simple Sniper trading set-ups, and give you access to their trading room, where hundreds of traders like you meet every day to join in the conversation, while “Leader Traders” speak on microphone and actually call trades.
What I truly appreciate about the Sniper Bootcamp is that Darrell and the team guide you through the whole process, step by step: from setting up Rithmic, NinjaTrader, downloading the Apex ToolKit which is a full suite of indicators for improved scalping techniques! And suddenly trading becomes easy.
Extremely powerful (but at extra cost) are the Chart Trader and the Sniper Autotrading Assistant: 1 click for NT8 to take the trade IF the signals are confirmed, and manage it faster and better than you could ever do manually, therefore you get better prices for your orders, and make more profit.
What is truly surprising is that they offer full access FOR FREE for 30 days with no credit card: that’s plenty of time for any trader to assess if the collaboration is what you are looking for.
If then you want to extend this access for another 30 days you can do so by paying just an additional 1$.
Only at this stage, in order to retain the indicators and access to the room, you will have to decide which Membership you prefer: monthly payments of 200$, yearly or lifetime.
If everything you are interested in is Funding that’s totally fine, it’s not compulsory to be a member of Apex Sniper, just enroll and win the 1 phase challenge to get capital to trade at 90% of profit share for you.
All the Trading Challenges by Apex Trader Funding.
$25K Full Plan
In this plan, you are provided a starting capital of $25,000 with $1500 as a profit goal, and the trailing threshold limit has been set to $1500.
$50K Full Plan
The plan’s name indicates that the starting capital provided in this plan is $50,000 to start trading futures. The profit goal you have to reach is $3,000, and the trailing threshold is $2,500. The $50K plan comes with a monthly fee of $167.
$75K Full Plan
The $75K Full plan provides you with $75K as initial capital, a good amount to start futures trading. The trailing threshold limit is $2,750, whereas the profit target is $4,250. You can get this plan at a monthly fee of $187.
$100K Full Plan
The starting capital you get in the $100K Full plan will be $100K. The profit goal is $6,000 and the trailing threshold limit is $3,000. The $100K Full plan has a monthly fee of $207.
$100K Static Plan
The starting capital you are provided in the $100K Static plan is the same as the $100K Full plan, which is $100,000. The difference between the two plans is that you have to reach the profit goal of $2,000 with no trailing threshold limit in the $100K Static plan.
Also, there is a STATIC drawdown limit of $625. Here, you have to pay a fee of $137 per month.
$150K Full Plan
The $150K Full plan gives you $150,000 as initial capital to begin futures trading. The trailing threshold limit in this plan is $5,000, and the profit target is $9,000. The monthly fee of this plan is $297.
$250K Full Plan
Apex Trader Funding’s $250K plan provides you with the starting capital of $250,000. The profit goal you have to achieve will be $15,000, whereas the trailing threshold limit is $6,500. You have to pay a monthly fee of $517 for this plan.
The $300K starting capital plan has a monthly fee of $657. In this plan, the profit goal limit is $20,000 and the trailing threshold limit is $7,500.
All of the above plans come with a free NinjaTrader key, costing $75. Apart from the free NinjaTrader key, you will be provided with free real-time data for which other trading companies charge extra.
You can choose any of the mentioned plans based on your budget and your confidence to handle the same. Also, you can reset the evaluation account anytime, as many times as you want, at a fee of $80 per reset. The company calls these plans Apex Challenges because there is an evaluation process that one needs to pass to become eligible for funding from Apex.
Rules to Qualify for Apex Challenges
Meet the Profit Goal or Target
Every Apex Challenge has a particular profit goal, and as a trader you have a minimum of 10 days to meet the same. You can take as much time as you want to achieve the profit goal, and you can reset the account anytime.
To be eligible for funding, you must have open and close trading positions for a minimum of 10 different trading days. You have to be consistent in your trading abilities.
Never Touch the Maximum Loss Position
There is a trailing threshold limit for every Apex challenge, which is called Trailing Drawdown. Before you start trading, you need to understand it completely to avoid mistakes, which could lead to failure in the evaluation account.
You need to know that Trailing Drawdown is the acceptable amount of losses that you as a trader can suffer and beyond that limit, you will fail. Understanding all this helps you trade responsibly, and you will never touch the maximum loss position. It ensures that you will complete the evaluation process, and become eligible for funding.
Trade for a Minimum of 10 Trading Days
To get funding from Apex Trader Funding, you have to pass the evaluation. For the evaluation process, you have to trade for a minimum of 10 trading days. You have to enter and exit trading positions successfully in those ten days.
Once you qualify for this condition, you will become eligible for funding.
Never Share Your Account Credentials
Apex Trader Funding has its own rules, and under its rules, it does not allow you to share your account information with someone as it could lead to impersonation. Having an in-depth understanding of the rules is necessary. You can’t get the funding until you follow the evaluation rules.
Trading Hours are between 6 PM to 4.59 PM ET
Remember one thing that acceptable trading hours are between 6 PM one day to 4.59 PM ET the next day. Trading during these hours is eligible for funding. Holding an open position or a pending order beyond this limit will result in the automatic closure of the trade.
The closure of trade makes you fail the evaluation process. So, it is recommended to trade between the trading hours.
Also, as a trader, you need to keep other things in mind. For example, if the market closes early due to a holiday, you must follow the trend and close early.
What Happens When You Pass the Apex Challenge?
Passing the evaluation is mandatory to move further, but you may ask what happens when you pass the Apex Challenge. When you pass the evaluation by achieving the profit goal within 10 trading days, there is nothing that could stop you from getting Apex funding.
You will receive an email from Apex containing the contract and the payment link within two business days. Once you pass the evaluation process, the next thing to do is to keep checking your email. Take appropriate action when you receive the email from Apex Trader Funding.
How can you reset your Apex Account?
Suppose you fail the evaluation process for any reason, like maintaining a trading position beyond trading hours, i.e., after 4.59 PM ET, or exceeding the trailing threshold limit. You will fail the evaluation process in both these conditions, and you have to reset your Apex account.
To reset your Apex account, you need to log in to your account and select the Members’ Area tab, where you see all your accounts. Look for the Reset tab and click on the account you want to reset. It is essential to press the Reset tab once you have the accurate details, and you need to be sure that you want to reset your account.
Once you reset your account, it is the balance that will be reset. It means that the minimum 10 trading days get restarted, not the 30-day cycle. You can reset your account anytime as many times as you want. However, the reset comes at a price of $80. The more tries you take, the more have to spend, so it is best to pass the evaluation on your first try.
Pros of Apex Trader Funding Program
Full suite of trading indicators
Available for NT7 and NT8, with complete training, 2 different strategies with 10 different set-ups. Included in the membership.
Semi Auto Trading Tools and Chart Trader
These tools come at extra cost and are extremely powerful and efficient: allow the system to trade automatically if all the conditions are met, faster and better than you could ever do manually.
Multiple Trading Accounts are Allowed
When you choose to trade with Apex, you can trade using multiple accounts using a single login. Other trading companies offer you just one or two accounts, but Apex allows you to use more than two accounts for trading. You can choose multiple accounts to spread the risk and increase your profits.
Proprietary Ninja Trade Copier.
Copy your trades to 10 accounts: multiply your profits by maintaining a low level of risk, get funded faster and start making profit quicker than by enrolling with a large account. Psychologically it’s also easier to manage smaller sizes.
One-Step Evaluation Process
People don’t like trading firms’ complex evaluation process, where traders have to complete two to three steps to become eligible for funding. It is not the case with Apex Trader Funding because their evaluation process has only one phase.
Rapid Funding Process
The funding process takes a maximum of two business days. So you can expect to receive the funding within two business days after you pass the evaluation. Their funding process is rapid when compared to other trading companies.
Variety of Account Sizes
You are provided with a variety of account sizes to choose from. Accounts vary in terms of starting capital, and you can choose an account according to your budget, as each account comes at a different monthly fee.
No Daily Drawdowns
Unlike other companies, Apex Trader Funding does not have daily drawdowns that you as a trader have to navigate. The only drawdown you have to deal with their accounts is the trailing drawdown.
Largest Profit Sharing Ratio
You will be eligible to get 100% of your first $25,000 profit, and afterwards, the profits will be shared in the ratio of 90:10, where you will retain 90 percent of the profit made.
Free License to NinjaTrader
When you choose Apex Trader Funding to start trading, you will get a free license to NinjaTrader in all their plans, no matter which plan you choose. It will save you money.
Trading Allowed During News and Holidays
They allow you to trade during holidays and during news releases, which other trading firms do not offer.
Cons of Apex Trader Funding Program
When it comes to the disadvantages of choosing the Apex Trader Funding program, there are not many things to talk about.
One of the major limitations of choosing Apex Trader is that you can make withdrawals twice a month, and will be limited for the first 3 months (based on your account size) which is not the case with other trading companies; but these limitations are useful in protecting your account, as a matter of fact, you should impose such limits yourself on your own account.
Payout in Stablecoin
Payouts are available via bank wire, Paypal, or cryptocurrency USDT.
Active Trailing Drawdown during Evaluation
The trailing drawdown is active during the evaluation process, so you have to remain attentive to avoid failing the evaluation process.
Choosing Apex Trader Funding to start trading is good because they offer you everything needed to get success in futures trading. They provide you the option to reset your Apex account. Also, you will be provided access to a free license to NinjaTrader.
Darrell has been extremely generous with his time, and he even shared how their business model works, check this out:
“We do start everyone out in a sim account as some traders as you know just blow it first day and our goal is good risk management to protect the trader and the Customers. If they are doing well we can copy them via api into our prop account and if they continue to do well we move them fully to prop. This may be oversharing but I want to be fully transparent. All this information is on our faq page as well.
We also have traders doing great pulling out payments monthly and even traders pulling out 6 figures in a month.
We pay timely to both affiliates and traders via wire, paypal and crypto usdt.”