2024 Apex Trader Funding Review: Detailed Analysis

2024 Apex Trader Funding Review: Detailed Analysis

Reinout te Brake | 09 Oct 2024 01:39 UTC

Apex Trader Funding Ratings at a Glance

When it comes to trading in the futures Market, Apex Trader Funding offers traders a comprehensive range of market access across various sectors. With multiple account options available, traders can start with different amounts of capital, making it accessible for diverse undercapitalized traders.

Account Options and Features

  • Rithmic and Tradovate plans available
  • Eight account options with starting capital ranging from $25,000 to $300,000
  • $100,000 static account available
  • No scaling requirements and no drawdown
  • Free license to the Rithmic platform and real-time Data
  • Tradovate accounts enjoy a free license to the Tradovate platform
  • Compatible with the TradingView platform

Each plan offers various account sizes with differences in monthly fees, contract sizes, profit targets, and trailing thresholds. However, the contract sizes, profit targets, and trailing thresholds for similar account sizes across both plans remain the same.

Summary of Account Sizes and Fees

<Table> Account Sizes Monthly Fees (Rithmic) Monthly Fees (Tradovate) Contract Sizes Profit Target Trailing Threshold $25,000 $147 $167 4 (40 Micros) $1,500 $1,500 $50,000 $167 $187 10 (100 Micros) $3,000 $2,500

Apex Trader Funding accommodates day traders, swing traders, and scalpers, with relaxed trading rules suitable for various trading styles. Traders can choose the account size based on their expertise to start the evaluation process.

Trading Tools and Resources

Apex Trader Funding provides access to Rithmic and Tradovate Platforms, both offering excellent trading features and customer service. Tradovate, known for its user-friendly interface and group trading capabilities, allows trade copying across multiple accounts with ease.

  • Tick Strike for market flow order insights
  • Markers Plus for automated trades
  • ChartPros for simplified trading
  • Ninja Suites for fast trading execution

A 30-day education course and one-on-one mentoring program are available for traders. The platform supports trading on various devices, ensuring flexibility and convenience.

Customer Support and Security

Customers can reach Apex Trader Funding through live chat and online ticketing. While response time for tickets may take up to 72 hours, live chats offer quicker resolutions. The platform maintains a high level of data security, using encryption and other measures to safeguard customer information.

Pricing and Fees

Monthly fees for the account options range from $147 to $657 for Rithmic plans and $167 to $677 for Tradovate plans. Traders can request payouts after 10 days of trading activities, subject to commission charges and other fees.

Conclusion

Apex Trader Funding offers a seamless trading Experience with a range of account options, trading tools, and resources. With competitive Payout rates and user-friendly platforms, it stands out as a preferred choice for traders of all levels. Despite some limitations in investment options and recurring fees, the platform provides a supportive environment for traders to thrive.

Apex Trader Funding vs. Competitors

Compared to competitors like MyFundedFutures and Trading Pit, Apex Trader Funding offers a straightforward evaluation process, competitive payouts, and larger contract sizes, making it an attractive choice for traders.

FAQs

  • Is Apex Trader Funding a legitimate company? - Yes, Apex Trader Funding has a trustpilot score of 4.6 stars.
  • When can traders request Payments? - Payment requests are accepted between the 1st and 5th of each month.
  • Can traders withdraw large sums? - Traders can withdraw as much as they want after the fourth month, with some withdrawals exceeding $800,000.

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