Apex Trader Funding Review

In this article, you’ll find a comprehensive prop firm review with details on how to get funded by Apex Trader Funding.

By Alexander Voigt | Updated October 23, 2023

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Apex Trader Funding is a US-based prop trading firm that provides a broad range of funded trader programs ranging from $137 to $657 monthly participation fees.

Apex Trader Funding
📆 Founded	2021
🏢 HQ	United States
📊 Asset Classes	Futures Contracts
💻 Broker and Platforms	Broker not disclosed. Platforms include NinjaTrader 8, TradingView, Finamark Systems
⭐ Funding Types	One-Phase Evaluation (no instant funding, no two-phase Evaluation)
📈 Maximum Leverage	Depends on account size
💰 Costs	From $137
👛 Discount Codes	Yes

Pros	Cons
✅ Excellent review ratings	❌ No instant-funded accounts available
✅ Competitive pricing structure
✅ Great profit split conditions (100% of the first $25k, then 90%)
✅ Payouts via Wise by ACH – transfers and solutions for international transfers

Table of Contents

What Is Apex Trader Funding?

Apex Trader Funding is a proprietary trading firm with offices located in the United States (Austin, Texas). The company was founded in 2021 by Darrell Martin.

Is Apex Trader Funding Legit?

Apex Trader Funding officially discloses its company details on its website in the About section:

Apex Trader Funding Inc.
2028 E. Ben White Blvd, Ste 240 -9873, Austin, TX 78741
Phone: 1-855-273-9873
No email address was disclosed

On Trustpilot, Apex Trader Funding has an excellent reputation, with an average rating of 4.8/5 based on 4,446 reviews (as of October 2023).

What Assets Can You Trade with Apex Trader Funding?

Apex Trader Funding specializes in futures trading, which includes 50+ available instruments.

Equity Futures: 6 major equity futures (ES, NKD, NQ, YM, EMD, RTY)
Interest Rate Futures: 6 major interest rate futures (10Y, ZT, ZF, ZN, ZB, UB)
Currency Futures: 7 currency futures (6A, 6B, 6C, 6E, 6J, 6S, 6N)
Agricultural Futures: 8 agricultural futures (HE, LE, GF, ZC, ZW, ZS, ZM, ZL)
Energy Futures: 6 energy futures (CL, QM, NG, QG, HO, RB)
Metal Futures: 7 metal futures (GC, SI, HG, PL, PA, QI, QO)
Micro Futures: 8 micro futures (MES, MYM, MNQ, M2K, MGC, M6A, M6E, MCL)
Cryptocurrency Futures: 2 crypto futures (MBT, MET)

Does Apex Trader Funding Offer Instant Funding Accounts?

No, Apex Trader Funding does not offer any no-evaluation or instant funding accounts.

Does Apex Trader Funding Offer One-Step Evaluations?

Yes, Apex Trader Funding offers one-phase evaluations with all of their funded account plans. However, before you start, you have to decide whether to select the Rithmic/NinjaTrader Plan or the Tradovate/NinjaTrader Plan.

Rithmic/NinjaTrader Plans

The Rithmic/NinjaTrader Plan includes a

NinjaTrader license (worth $75) and a
Real time data feed ($55 value).

You can choose between the following account sizes (all prices are monthly recurring prices):

$25,000 account for $147
$50,000 account for $167
$75,000 account for $187
$100,000 account for $207
$150,000 account for $297
$250,000 account for $517
$300,000 account for $657

All of those accounts are flagged as “Full Accounts” by Apex Trader Funding, which means that the accounts trail the trailing threshold. Also, full accounts can be traded with more contracts and larger stops.

There is one static account available, the 100K Static account, for $137 per month.

Account Resets

For all accounts, there is a $80 fee for account resets. So, if you fail the one-step challenge to make it to the funded account, you can reset your account and begin once again. You can reset it as many times as you want as long it is an evaluation account. If you made it to the funded account and failed in the funded account, it is impossible to reset the funded account. Instead, you will then fall back to the challenge account.

Profit Goal

To make it through the 1-step challenge, you need to reach the profit goal of 6% based on your starting capital. So, for the 25K account, you need to reach the profit goal of $1,500 to get funded.

Trailing Stop

All accounts (except the one static account) have a trailing threshold, which is your trailing stop relative to the balance in your account. If you hit the trailing threshold, you failed with your challenge or funded account.

It feels like a disadvantage that the trailing threshold percentage shrinks with bigger accounts. So, for example, with the 25K account, the trailing threshold is $1,500, which equals 6%. If you trade the $150k account, the trailing threshold is $5,000, which is only 3.3%. The 300K full account has a trailing threshold of $7,500, which equals only 2.5%.

Why does it seem like a disadvantage? Because your stop loss level moves tighter the bigger your account is. That leads to the situation that you have to reduce the size of traded contracts the higher your account gets if you want to have a good distance to your stop loss level on the account.

Tradovate/NinjaTrader Plans

In contrast, the Tradovate/NinjaTrader Plan comes with

NinjaTrader license (worth $75) and a
Real time data feed ($55 value),
Compatibility with TradingView and
More devices (browser, mobile, Mac) and with a
Free Tradovate license.

You can choose between the following account sizes (all prices are monthly recurring prices):

$25,000 account for $167
$50,000 account for $187
$75,000 account for $207
$100,000 account for $227
$150,000 account for $317
$250,000 account for $537
$300,000 account for $677

As you can see, the Tradovate/NinjaTrader plan costs $20 more per month than the Rithmic/NinjaTrader plan. The $20 is worth it if you wish to trade via TradingView and from more devices.

Account Resets, Profit Target, Trailing Threshold

The profit target and trailing threshold logic are the same if you choose Rithmic or Tradovate, but the account resets once again cost $20 more with Tradovate, which means $100 for the reset with Tradovate, compared to the $80 for the reset with Rithmic.

Minimum Days to Qualify for a Funded Account

You can qualify for a funded account in as little as 7 business days. A trading day is counted as a trading day from 6 p.m. one day to 5 p.m. the next day. If there is a half trading day due to a holiday, the it counts towards the next day.

Close Your Trades Before Midnight to Avoid Getting Disqualified

All trades must be closed before 4:59 PM ET. If your market closes earlier, you have to close your trades before the trading ends for the day. If there are market holidays with half-days, you have to close your trades before the end of trading on those holidays. Keep that important rule in mind. Otherwise, your account will get disqualified. The CME Group holiday calendar can be of help here.

Does Apex Trader Funding Offer Two-Step Evaluations?

No, Apex Trader Funding does not offer any two-step evaluations or challenges.

Live Accounts with Apex Trader Funding

If you select the Rithmic/NinjaTrader plan, your monthly fees will be $85, which includes access to the NinjaTrader platform and the data feeds. You can have up to 20 accounts simultaneously.

To avoid monthly costs with the Rithmic/NinjaTrader model, you can also decide on a lifetime fee for your time on the funded account, which ranges between $130 and $340, depending on your account size. You never know how long you will be on the live account, so it’s difficult to evaluate if it is worth it to pay the one-time fee instead of the recurring model in the live accounts.

If you select the Tradovate/NinjaTrader plan, your monthly fees will be $105, which includes access to the NinjaTrader platform and the data feeds. You can have up to 20 accounts simultaneously.

To avoid monthly costs with the Tradovate/NinjaTrader model, you can also decide on a lifetime fee for your time on the funded account, which ranges between $150 and $360, depending on your account size. You never know how long you will be on the live account, so it’s difficult to evaluate if it is worth it to pay the one-time fee instead of the recurring model in the live accounts.

Payout Options

As of October 2023, payouts via U.S. bank ACH transfers are available. You can use Wise if you are in the U.S., and there are some options for international transfers available to banks outside the U.S.

Does Apex Trader Funding offer Evaluation Fee Refunds?

No, Apex Trader Funding refunds are not available at any time.

Can I Trade the News with Apex Trader Funding?

Yes, you can trade during the news with Apex Trader Funding.

What is Apex Trader Funding’ Partner Broker?

Apex Trader Funding does not disclose its partner brokers. The platforms they use are Rithmic and Tradovate. Both can connect with multiple futures introducing brokers. However, there are no official statements on what company will fund the account with what broker.

What Trading Platforms Does Apex Trader Funding Offer?

Apex Trader Funding lets you choose between NinjaTrader if you choose the Rithmic and Tradovate program or NinjaTrader and TradingView if you choose the Tradovate program.

Do I Trade with Simulated Funds or Real Money at Apex Trader Funding?

With Apex Trader Funding, you trade under simulated live conditions during the evaluation phase of the challenge. Then, it’s likely that you trade real money accounts. However, I did not find a clear statement about this on their website.

When Can I Start Withdrawing Money from Apex Trader Funding?

Upon passing the Apex Trader Funding challenge, you receive access to the funded account, where you can withdraw real funds based on the profit split conditions to your bank account. Apex Trader Funding pays out two times per month.

What Payment Methods Does Apex Trader Funding offer?

Apex Trader Funding offers payments via ACH transfer in the U.S., Wise and some international payout options.

In What Currency Will My Account Balance Be?

All Apex Trader Funding accounts are held in USD as the base currency.

Am I allowed to use Expert Advisors (EA), Bots and Algos with Apex Trader Funding?

Expert Advisors are not available with futures trading, but you can code bots and algos in NinjaScript running on the NinjaTrader platform for automated trading. However, be careful with heavy use of algo trading and ask support about your case to be on the safe side.

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