Apex Trader Funding is one of my top choices for funded futures trader programs. I’ve been with them since September 2021 and it’s been a fantastic experience. Below are the top 10 questions I get asked daily about Apex Trader Funding.
You can also read my review of Apex Trader Funding here.
Also, be sure to check my Exclusive Promos page – I always have a discount on Apex Trader Funding just for you!
Is Apex Trader Funding Legit? Do They Pay Their Traders?
Yes absolutely they are both legitimate and pay their traders regularly. I would not endorse them if they did not. I have passed the $300K and I have been paid by Apex Trader Funding monthly since late 2021 when I started with them.
Besides myself, there are plenty of other traders who post regularly on their Facebook group and other social media about being paid out. Apex Trader Funding is a legitimate company who I highly recommend.
Have You (Canadian Futures Trader) Been Paid by Apex Trader Funding?
Yes I have been paid by Apex Trader Funding every month since passing the evaluation. Below is more information about the withdraw process. I put up a video in December 2021 showing my payout from November. In general firms have non disclosure agreements against showing information about your funded account, but Apex Trader Funding said I could.
2024 Update: I continue to be paid by Apex every month. I’ve had a fantastic relationship with them, and more success than I would have ever imagined. Besides myself, there are thousands of traders being paid out. With over $150 MILLION in payouts in under 3 years in business, its fair to say Apex is legitimate.
Is There A Daily Draw Down With Apex Trader Funding?
Apex Trader Funding has no daily draw down amount. They do have a trailing draw down which you can learn more about in their FAQs on their website.
What Are The Rules of Apex Trader Funding to Pass?
The rules to pass are honestly pretty straight forward.
- Meet the profit goal for your chosen account size
- Do not violate the trailing draw down
- Do not trade more contracts than allowed (the system won’t let you do this anyway)
- Trade at least 7 days (if you reach the goal early, you still have to do at least 1 trade each day)
That is essentially it. Sounds simple, but don’t take any evaluation lightly. You still have to manage your own risk to not violate the draw down. If you stick to your trading plan, passing isn’t that difficult. I’ve passed evaluations with pretty much every top tier firm myself.
What Are The Commissions For Trading Futures With Apex Trader Funding?
The commissions vary by product, if you visit the FAQs section of their site there is a list with the commissions.
What Software Can I Use For Apex Trader Funding Evaluation?
Rithmic will be the data feed for Apex Trader Funding. Rithmic does have their own software, RTrader Pro which is free. As well Apex Trader Funding provides a free license of NinjaTrader to use as well.
On top of these free options, you can use any software package that is capable of connecting to Rithmic. There are several out there. For example I use Jigsaw Daytradr myself as an in depth order flow scalping tool.
How Do I Withdraw Money From Apex Trader Funding?
Apex Trader Funding withdrawals are easy to do. They have a full FAQs about it, but in general the process is:
- Withdrawals are processed twice a month on the 15th and last day of the month
- You must submit your request for a withdrawal in the request period
- Once approved, sit back and enjoy your profits!
What Happens If A Trader Made a Million Dollars (insert any big number here), Wouldn’t They Bankrupt The Company?
No. Please think about this for just a second.
First, you have zero incentive to keep trading with a prop firm when you are making that much money. Remember the 90/10 split? If you are capable of making that kind of money you would not want to give up 10%. You would take your profits far sooner and open a brokerage account. As well, I hate to tell you but chances are you aren’t a million dollar trader.
Second, in a Performance Account when you show more than average aptitude with trading, you’ll be moved into a fully funded account and/or your trades copied to a master account. Your $1 million isn’t coming out of the company’s pockets, they would be actual realized profits from trading.
I think this question comes from people with delusions of grandeur more than out of a realistic situation.
What Products Can I Trade With Apex Trader Funding?
Basically any CME Group listed futures product. Be sure to check their FAQs where they do list them out in detail. In general though, any futures CME Group product. You can not trade FX, stocks or options with Apex.
What Are The Monthly Fees After Passing?
The monthly fee once you pass is $85. This covers your data connection and any withdraw fees. As well since it is asked sometimes, yes your evaluation monthly fee definitely stops once you pass. You will only have to pay the $85.
As well Apex has an option to do a one-time fee payment. It costs more, but there’ll be no ongoing fee.
If I Break A Rule Can I Reset My Account?
Yes if you break a rule during the evaluation phase you can reset your account for $80. You can reset as often as you need to. Note that sometimes it might be cheaper to cancel your account and sign up for a new one than it is to reset. That is usually if you are in one of the smaller accounts and there is a promo such as 50% off.
Once you are funded in a Performance Account, you can not reset your account. If you break a rule once funded you would have to go through the evaluation again.
Conclusion
Hopefully the above questions and answers cover most of the questions you may have about Apex Trader Funding. I definitely recommend them, and I passed the $300K evaluation myself in 2021! Be sure to check out my Exclusive Deals Page for the latest Apex Trader Funding promo!
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Risk Disclosure:
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
Hypothetical Performance Disclosure:
Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight.
In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
You can read more here: Risk Disclosure
Affiliate Disclosure:
The external links on my site and in my video descriptions to trader evaluation companies and software companies are primarily affiliate links. I earn a commission from these companies on any sale made from people visiting these links. That said, I only recommend companies and software I personally use and actually do recommend. Believe me, I turn down a lot of companies who approach me. You can read my full Affiliate Disclosure here.
Additional Disclosure:
The content provided is for informational purposes only. I do my best to keep the content current and accurate by updating it frequently. Sometimes the actual data, rules, requirements and other can differ from what’s stated on our website. CanadianFuturesTrader.ca is an independent website. You should always consult the rules, faqs, knowledge base and support of any of the websites and companies we link to or talk about on our site. The information on their site will always be what ultimately dictates the current rules of their program, software or other. While we are independent, we may be compensated for advertisements, sponsored products, or when you click on a link on our website. The contributors and authors are not registered or certified financial advisors. You should consult a financial professional before making any financial decisions.