A company called Apex Trader Funding offers funding and assistance to futures traders who wish to transact with real money without jeopardizing their own money. Through the sponsored trading program offered by Apex Trader Funding, traders can obtain funding by passing an examination process that assesses their discipline and expertise.
There are eight distinct plans available, with initial capital ranging from $25,000 to $500,000. You will be compensated on a monthly basis to trade full-sized contracts with 100% of the first $25,000 and 90% of the remaining amount. Additionally, you can trade with up to 20 accounts simultaneously.
On their website, you may get additional information about the plans and the assessment procedure. On other websites, you can also read various interviews and reviews regarding Apex Trader Funding.
The following are a few attributes of Apex Trader Funding:
- Full-sized contracts can be traded in funded accounts or evaluations.
- Ninety percent of the first $25,000 per account is yours to keep. You can become eligible in as little as seven days.
- On holidays and during the news, you can trade.
- You can trade using a maximum of 20 accounts.
- You don’t need to scale or face daily drawbacks.
- The platforms Rithmic, NinjaTrader, Tradovate, or TradingView are available to you.
What is the procedure for evaluation?
Apex Trader Funding uses the evaluation procedure to assess your trading abilities and determine whether you are eligible for a funded account. You must take the following actions:
Visit their website to apply for the evaluation program, then select a strategy based on your trading preferences and objectives.
Trade in accordance with Apex Trader Funding’s regulations and instructions, which include the profit target, maximum drawdown, trailing threshold, and minimum trading days.
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Within the allotted time, consistently achieve the profit goal and show that you have great risk management abilities.
Apex Trader Funding will send you an email containing a link to pay for your funded account, deactivate your evaluation account, and sign the contract if you pass the assessment.
You can access your funded account and begin trading with real money when you’ve finished these procedures.
How much funding is available to me through Apex Trader Funding?
A company called Apex Trader Funding offers funding and assistance to futures traders who wish to transact with real money without jeopardizing their own money.
They provide a financed trading program in which traders can obtain funding by passing an assessment process that measures their discipline and expertise.
The plan you select will determine how much capital Apex Trader Funding can provide you with. They provide eight options with varying contract sizes, profit targets, trailing thresholds, and monthly fees, ranging in starting capital from $25,000 to $500,000.
In evaluations or funded accounts, you can trade full-sized contracts and get paid 100% of the first $25,000 per account and 90% of the remaining amount. Additionally, you can trade with up to 20 accounts simultaneously.
How much are the plans going to cost me?
Depending on your beginning capital and preferred platform, the monthly costs for the programs change. Either the Tradovate or the Rithmic plans are available to you; they both include eight account options with comparable initial capital amounts ranging from $25,000 to $500,000.
The following are the monthly costs for the Rithmic plans.
The Tradovate plans have somewhat higher monthly costs.
The platform license, real-time data, evaluation access, and financed accounts are all included in these payments. If you pay for several months in advance, you can also receive discounts.
What distinguishes Tradovate plans from Rithmic plans?
You can trade futures with Apex Trader Funding on two separate platforms:
Tradovate and Rithmic. While their features and account choices are similar, there are some differences between them. These are a few of their primary distinctions from one another.
Provider of data feeds, Rithmic, guarantees high-performance execution with minimal delay. With no platform costs and limitless commission-free trading, Tradovate is a cloud-based platform.
While Tradovate plans include platform licensing and data expenses in their monthly fee, Rithmic options offer slightly cheaper monthly fees. You must pay more for the platform license and data expenses if you use a ritemic plan.
You can trade using rhthmic plans on any platform—NinjaTrader, Sierra Chart, Bookmap, etc.—that accepts rhthmic data feed. You can only trade via the Tradovate platform, which is available on the web, desktop, and mobile platforms, with Tradovate plans.
Compared to Tradovate plans, rhythmic plans feature a larger profit target and a lower trailing drawdown. In the case of the $25,000 Tradovate plan, the profit target is $1,250 with a trailing drawdown of $1,500, whereas the profit target of the $25,000 Rithmic plan is $1,500.
What is the duration of the funding process?
The Apex Trader Funding website states that once you pass the review procedure, funding will be granted in around ten days. You must meet the profit target and the drawdown limit for the plan you have selected and trade for a minimum of seven days. The system will automatically review your account on the eighth day and email you the funded account’s contract and payment link. After you sign the agreement and make the funded account payment, you will get your funding in less than a day.
After that, you can trade using the same account plan and guidelines as during the assessment phase. I hope this clarifies your query.
What is the maximum drawdown and profit objective?
To pass the assessment process and receive funding from Apex Trader Funding, you must achieve two requirements: the profit target and the drawdown limit. The lowest net profit that you must attain in at least seven trading days is known as the profit goal.
The maximum amount of losses you can sustain from your beginning balance or peak account level is known as the drawdown limit.
Depending on the plan and platform you select, there are differences in the profit target and drawdown limit. In the case of the $25,000 Tradovate plan, the profit target is $1,250, while the trailing drawdown limit is $1,500. In contrast, the profit goal of the $25,000 Rithmic plan is $1,500.
On their website, you can get a comprehensive summary of each plan’s profit targets and drawdown restrictions.
With a trailing drawdown, the maximum amount that can be deducted rises with your highest account balance and falls with losses.
With a static drawdown, the maximum amount that can be taken out is fixed, independent of your account balance.
There is only one static plan available through Apex Trader Funding, and it is the $100,000 static plan with a $2,000 profit target and a $625 static drawdown restriction.
You will fail the evaluation if you do not maintain your account balance above the drawdown limit at all times. In order to be eligible for funding, you must also meet the profit target within the required number of trading days. On your Tradovate platform or RTrader dashboard, you may keep an eye on your drawdown limit and account balance.
Can I use my strategy to trade?
Yes, provided that your trading technique complies with Apex Trader Funding’s regulations and requirements. Any platform, including NinjaTrader, Sierra Chart, Bookmap, and others, that supports Rithmic data feed can be used for trading.
The Tradovate platform, which is available on the web, desktop, and mobile platforms, also allows you to trade. Holidays and the newscast period between 6 and 4:59 p.m. ET are trading times. Full-sized contracts can be traded in funded accounts or evaluations. You can trade with a maximum of 20 accounts.
You must be conscious of some constraints and restrictions that are relevant to your trading approach, though. You are not allowed to trade news trading techniques that use pre-news entries that are directional or multi-directional for any form of windfall.
Trading is not permitted during non-permitted hours. You are not permitted to go beyond the drawdown or maximum position size for the plan you have selected. The entire set of policies and procedures is available on their website.
Can I take my gains out at any time?
If you fulfill the requirements, you will be able to withdraw your gains from Apex Trader Funding twice a month.
You have adhered to your chosen plan’s drawdown limit and achieved your profit target.
It has been at least ten days after your previous withdrawal request that you have exchanged.
You have consistently kept your account balance higher than what is needed to authorize a payout.
You have requested a withdrawal between the first and fifth of the month between the fifteenth and twentieth.
After signing the contract and making the funding account payment, you will get your payment within 24 hours if your withdrawal request is granted.
After the first $25,000, you will receive 90% of the profit. Each plan has a limited withdrawal amount during the first three months. There is no cap on the amount you can withdraw after that. On their website, you may get further details regarding the payout procedure and the withdrawal process.
FAQs About Apex Trader Funding
Is Apex Trader Funding only for startups, or can established businesses also apply?
Apex Trader Funding provides customized solutions for a range of demands, serving both new and established companies.
How quickly can I expect approval for my funding application?
The approval procedure is made to move quickly. Businesses frequently get permission in a few short days.
What makes Apex Trader Funding different from traditional loans?
Apex Trader finance provides company finance that is tailored to the needs of the applicant, flexible, and expedited in comparison to traditional loans.
An essential principle of Apex Trader Funding is transparency. All fees and costs are disclosed in full during the application process.
Can Apex Trader Funding help my business in the long term, beyond just providing funds?
Indeed. Beyond the fundraising procedure, Apex Trader fundraising hopes to be a long-term business partner by providing advice and assistance.