Apex Trader Funding Review: The ULTIMATE Beginners Guide!

Summary

This video offers an in-depth analysis of Apex Trader funding, discussing its pros and cons, account types, and payout structure. It highlights Apex's low-cost plans, the importance of trailing thresholds, and the potential for multiple funded accounts. The video emphasizes Apex's favorable profit split, the ability to trade a wide range of instruments, and its flexibility during market hours, including news events. It also provides tips on navigating the account selection process, understanding the evaluation period, and maximizing profits through strategic trading.

Takeaways

• 💰 Apex Trader funding has paid out significant amounts, with over $7 million as of January 2023 and over $100 million since 2012.
• 📈 Apex offers two types of plans: the Rhythmic plan for specific trading platforms and the Trade ofate plan, which is more versatile and beginner-friendly.
• 🔍 The Rhythmic plan supports 14 trading platforms, with popular ones including Edge, Clear, Jigsaw, Motive Wave Ninja, and Quant Tower.
• 💹 Apex's 50k account is popular among traders, offering a balance between cost and trading capacity.
• 🚫 The trailing threshold in Apex accounts is a key feature, allowing traders to lose only $2,500 before the account is closed, but it can be adjusted based on profits.
• 📊 Apex does not have a scaling plan; traders can trade 10 contracts regardless of their account balance.
• 🛒 Apex frequently offers sales, making their accounts some of the cheapest in the prop firm industry.
• 📅 Apex allows trading 23 hours a day and during holidays, providing flexibility for traders with different schedules.
• 💳 Apex has a straightforward account purchasing process, and it's important to use coupon codes to get the best deals.
• 💰 Apex traders can have up to 20 accounts funded at once, which can lead to significant payouts if managed well.

Q & A

What is Apex Trader funding and what are its pros and cons?

Apex Trader funding is a proprietary trading firm that provides traders with capital to trade in various financial markets. Pros include a wide range of trading platforms, competitive payout structures, and the ability to fund multiple accounts. Cons may include the complexity of the trailing threshold and the need to manage profits and losses carefully.

How much has Apex Trader paid out to traders as of January 2023?

As of January 2023, Apex Trader has paid out over $7 million, with over $100 million paid out since 2012, and over $37 million in the last 90 days.

What are the two types of plans offered by Apex Trader?

Apex Trader offers two types of plans: the Rhythmic plan, which is for certain trading platforms, and the Trade ofate plan, which is a more general online trading platform.

What is the profit goal for a 50k Apex Trader account?

The profit goal for a 50k Apex Trader account is $3,000.

How does the trailing threshold work in Apex Trader accounts?

The trailing threshold is a dynamic loss limit that follows the account balance as it increases due to profits. It ensures that the trader cannot lose more than a certain amount, which resets once a profit goal is met.

What is the monthly fee for a rhythmic account in Apex Trader?

The monthly fee for a rhythmic account in Apex Trader is $85.

What are the payout terms for traders in Apex Trader?

Traders are entitled to 100% of the first $25,000 they make, after which it's a 90/10 split. Payouts can be requested twice a month, with a minimum withdrawal amount of $500.

How many accounts can a trader have funded at one time with Apex Trader?

A trader can have up to 20 accounts funded at one time with Apex Trader.

What happens if a trader wants to reset their Apex Trader account after it's blown?

It's more cost-effective to buy a new account during a sale rather than paying the $80 reset fee. If the account is on sale, the new account will also be at the discounted rate.

What are the popular trading platforms supported by Apex Trader?

Popular trading platforms supported by Apex Trader include Edge, Clear, Jigsaw, Motive Wave Ninja, and Quant Tower.

What are the trading hours for Apex Trader accounts?

Apex Trader accounts allow trading from 6:00 p.m. Eastern Standard Time to 4:59 p.m. Eastern Standard Time, with the ability to trade during holidays and news events.