Apex Trader Funding Review: The ULTIMATE Beginners Guide!
Summary
TLDRThis 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.
Outlines
📈 Apex Trader Funding Overview
The video script begins by introducing Apex Trader funding, highlighting its reputation and the importance of choosing a prop firm that pays out. It mentions the significant payouts Apex has made since 2012 and emphasizes the peace of mind that comes with a reliable payout system. The speaker then discusses the different plans offered by Apex, including the Rhythmic plan for specific trading platforms and the Tradebit plan, which is recommended for beginners and those new to prop firms. The 50k account is highlighted as the most popular choice, and the script clarifies that the capital provided is not the actual amount traders can use freely, but rather a trailing threshold that adjusts based on profits and losses.
📊 Understanding the Trailing Threshold
This paragraph explains the concept of the trailing threshold in Apex Trader accounts. It details how the threshold follows the account balance, allowing for a certain amount of loss before the account is blown. The script also discusses the evaluation process, the profit goals, and the importance of taking profits to avoid penalties. The speaker shares their opinion on the fairness of the trailing threshold system and provides tips on how to manage it effectively.
💰 Apex Account Pricing and Sales
The speaker discusses the pricing of Apex accounts, mentioning the current sale offering a significant discount. They emphasize the affordability of Apex accounts and the various sales that are frequently available. The paragraph also includes a step-by-step guide on how to purchase an Apex account, highlighting the importance of using a coupon code to get the discounted price and the non-refundable nature of the purchase.
🕒 Trading Hours and Market Access
This section of the script covers the trading hours and market access provided by Apex. It explains the flexibility of trading during news events and holidays, and the ability to trade for 23 hours a day. The speaker also mentions the policy regarding trades left open during market closures and the potential for slippage if the market gaps up or down.
💸 Payout Structure and Funding
The final paragraph delves into the payout structure of Apex, detailing the profit split, the minimum balance required for payouts, and the withdrawal limits. It explains the process of requesting and receiving payouts, the importance of maintaining the minimum threshold, and the potential for multiple funded accounts. The speaker also provides tips on how to maximize profits and the benefits of having multiple funded accounts.
Mindmap
Keywords
💡Apex Trader funding
💡Rhythmic plan
💡Trailing threshold
💡Profit goal
💡Evaluation period
💡Payout structure
💡Account size
💡Funding
💡Multiple accounts
💡Sales and discounts
Highlights
Apex Trader funding has paid out over $7 million as of January 2023 and over $100 million since 2012.
In the last 90 days, Apex Trader funding paid out over $37 million.
Apex offers two types of plans: the Rhythmic plan for specific trading platforms and the Trade ofate plan for a broader range of platforms.
The Rhythmic plan is available for 14 different trading platforms, with the most popular being Edge, Clear, Jigsaw, Motive Wave, Ninja Trader, and Quant Tower.
The Trade ofate plan is recommended for beginners and offers accounts ranging from $25k to $300K.
The 50k account is the most popular, with a profit goal of $3,000 and a trailing drawdown limit of $2,500.
The trailing threshold in Apex accounts adjusts based on profits and losses, affecting the amount traders can lose before their account is closed.
Apex Trader does not have a daily drawdown limit, only a trailing threshold.
There is no scaling plan in Apex; traders can trade 10 contracts regardless of their account balance.
Apex Trader offers real-time data and compatibility with TradingView and NinjaTrader.
The 50k account costs $187 per month but is often on sale, offering significant discounts.
Apex Trader allows trading 23 hours a day and during holidays, with a minor exception for market closure at 4:59 p.m. EST.
Apex Trader does not penalize traders for holding trades open during market closure, unlike some other prop firms.
Traders can request payouts twice per month, with a minimum withdrawal amount of $500.
Apex Trader offers a 90/10 profit split for the first $25,000 made, after which it becomes a 90/10 split.
Multiple accounts can be funded simultaneously, allowing for potentially larger payouts.
Apex Trader does not charge a reset fee for accounts that are blown, as they auto-reset at the end of the month.
The lifetime fee for a 300K account is $360, which may be more cost-effective than a monthly fee for consistent traders.
Transcripts
Apex Trader funding some people think
this is the best prop fir out there some
people don't but in this video I'm going
to be breaking down all the pros and the
cons you know how the accounts work uh
what are the rules of the evals and the
prop firms how the payout structure
works and then you can go ahead and
decide if Apex funding is right for you
so let's get right into it all right so
I'm over here on the Apex Trader funding
website and the first thing that I want
to point out is these three boxes the
first one being this box right here they
have paid out over $7 million as of
January 2023 they paid out over $100
million since 20122 and in the last 90
days they paid out over $37 million you
want to make sure when you're choosing a
prop firm that they're paying people out
and this is one of those Peace of Mind
things um it's just nice to see that
they are paying people out when you are
getting to those profit goals that
they've set for their payouts the next
thing I want to talk about is the plans
that you can get for Apex so there's two
different types of plans you can get the
first one is a rhythmic plan um if
you've never heard of a rhythmic plan
then you probably shouldn't buy the
rhythmic plan and I'm going to get to
that in a second um but they do offer
the rhythmic plan and those are only for
certain uh trading platforms that you
can actually trade on with the riing
plan they offer uh 14 different
platforms that you can use to trade
they're all listed here uh in this box
but the most popular one are going to be
Edge clear jigsaw motive wave ninja
Trader and Quant Tower those are the
ones I know most Traders use um I don't
think a lot of people use bookmap to
trade and I know some people use Sierra
charts as well um so if you use any one
of these platforms then you're going to
want to make sure that you get a
rhythmic account if you've never set up
an account with rhythmic I highly
suggest that you choose the other plan
that Apex has uh it is a little bit
cheaper if you're trying to save money
money to get a rhythmic account but in
my opinion it's not worth the hassle
it's easier just to get the trade ofate
account um all it is is a login and
trade.com is a website so if you don't
normally trade rhythmic or if you're
just a beginner and brand new to trading
and trading on Prop firms just go ahead
and get the tradebit account it's not
worth the like 10 or 15 bucks you're
going to save um for the hassle tradate
is the other plan that you can get
through Apex they're the exact same when
it comes to um the accounts there's no
difference um you can get a 25k account
all the way up to a 300K account so it's
the exact same it's just a little bit
more expensive but like I said it's it's
not by much the most popular account I
would say is probably the 50k account
and then I would say the next probably
most popular one that people get is the
150k and then the the 300K account if
you're brand new to the prop firm world
or you're just a beginner Trader I
highly suggest going with the 50k
account I think that's going to be the
best bang for your buck I wouldn't mess
around with the 25ks and I definitely
wouldn't get a 150 or 300K account for
the purposes of this video I'm only
going to go through the 50k account that
way you can go through the rest of them
and you can figure out what's going to
work best for
you if you're a beginner Trader or
you're just brand new to prop firms I
just want to make it very clear that you
do not get
$50,000 worth of capital to to trade
that is not how prop firms work in
reality you're only getting as much as
this number right here the trailing
threshold and in some cases you're
really even getting less than that
depending on how you're trading uh which
I'll break down in a second but when
you're trading these prop firms just
know that you don't actually have
whatever the amount of starting Capital
that they say you have that's the
biggest trap and do not treat these like
a lottery because you don't have as much
room as you think you have so I'm going
to break down the 50k account um but the
more or the higher you go the higher the
profit goal is and the more trailing
draw down that you have on the 50k
account you can trade 10 contracts and
that's 10 full mini siiz contracts or a
100 micros which equals the 10
minis your profit goal is going to be
$3,000 so to pass the to pass the
evaluation you need to make
3K and you can't lose
$2,500 which is why I was telling before
that you really don't have this 50k
number it's kind of an illusion to make
you feel like you have a lot of money
but really this is what you have in the
account and this number is kind of
skewed a little bit and I'm going to get
into that right now all right I want to
explain how the trailing threshold works
works so you start out the account with
$50,000 and if your account goes to
$47,500 then you've blown the account
because you can only lose
$2,500 but as you make
money the threshold
continues to follow you until you have a
total profit of
$2,500 in your account bringing your
account total up to
$52,500 and then it's not going to Trail
you anymore once you've made
$2,500 you can no longer go below
$50,000 or else you'll blow the account
and that's for eval and for uh the PA
account as well these apply for
both so let's say you're in a trade and
you make
$1,000 well now you've
made $51,000 in your account and your
trailing threshold will move up $1,000
with you because it Trails you and
now you're at
48,000 and
$500 so if you lose that
$2,500 in here then you still blow your
account because this is your new
trailing draw down now why people don't
like Apex is because let's say you were
up $1,000 but you didn't take this
$1,000 you only took
$500 out of the trade well now you're
going to be up $50,00 ,500 in your
account but your trailing draw down is
going to be at
48,500 because it takes the highest
amount that you were up on your trade
and so even though you closed at
$500 it acts like you made the
$1,000 and so now you're even closer to
blowing your account because you didn't
take your total profit which in my
opinion is a little unfair because you
don't know how high or how much money
you're going to make in the
trade so now you can only lose
$22,000 before you blow the account but
let's say you take another trade and you
make $500 on your next trade so your
account balance is currently sitting at
uh 5,000 or
50,500 you added another another 500
oops there we go and you close at the
top at 500 so now you're at 51,000 for
your total
profit because you closed at the top and
you didn't give any money back then You'
be adding another $500 to your um
trailing draw down and your trailing
draw down would go back up to the
$2,500 that you initially started with
so they really want you to take your
profits um as you get them and you kind
of get penalized for not taking your
profits at the top which a lot of people
are not big fans of but I do have a
video that shows you how you can see
your trailing draw down real time so
you'll know exactly how much trailing
draw down you have I'll leave it up in
the cards so make sure you click on that
video so you can see uh how you can set
that up on trade of eight the daily draw
down is none so basically um they don't
have an amount daily that you can lose
it's just this trailing threshold that
you can't lose on the day they don't
have a scaling plan all the scaling plan
is is if you have a certain amount of
money let's say you're up I don't know
$2,000 then they allow you to play more
contracts they don't do that in Apex
you're allowed to play 10 contracts the
entire time no matter how much money
that you have in your
account if you use trading view you can
still use trading view to trade with a
um trade ofate account obviously it's a
trade ofate account so it's going to be
compatible it has a uh web browser based
um trading is what it is it's a it's an
online trading it's not a uh app and
then you can also trade on mobile as
well and then if you do use ninja Trader
which is one of those rhythmic accounts
if you do use ninja Trader you can buy a
tradate account and still use ninja and
then also it comes with realtime data uh
just meaning that you're getting uh
realtime Market information as it's
coming in
uh the reason why 50k accounts are
probably the most popular one is just
because of the price it's $187 a month
but if we scroll up we can see that um
they actually are on sale at the moment
um for the next three days at the time
of this recording it's 90% off so Apex
does a ton of sales which why a lot of
people love Apex because the accounts
are just so cheap it was $187 but I
believe with the 90% off it puts it
right around like
$23 for the account and they're also
running a one-day pass special as well
on the accounts so you can get a lot of
accounts for very cheap they're probably
the cheapest accounts that you can get
in the prop firm industry which is why
people love Apex so much they also will
run a 71% sale and an 80% sale um I've
pretty much never seen apex not have
some type of sale going on for their
accounts so when you can catch them on
the 90% it's a a good idea to load up on
accounts okay so now I just want to show
you guys real fast what happens when you
actually go to buy one of these Apex
accounts so when you click on the button
to buy the account you click on the
little trade of eight button it'll pull
up a new screen and then it's going to
go and uh show us all these different
things um it's got the 50k account here
it's $187 for each month it's telling
you all what you need to know the 10
contracts your profit goal your trailing
draw down
um also how you're going to pay U you
know through Visa
Mastercard Discover ax uh you got to put
in all this information here you got to
make sure you put in all your
information here um but the biggest
thing that I wanted to talk about is the
coupon code so it's funny because they
have this check mark where you can agree
not to put a coupon code in but who does
that CU then you wouldn't be able to get
your 90 80 or 71% off right so you put
your coupon code in here make sure you
put that coupon code in because that's
what's going to actually get you
the uh the deal and then after that um
again the no refunds you need to make
sure that you're getting the right
account because a tradate account can't
be converted to a rhythmic account and
vice versa so just make sure that you're
um you're picking the right account
because once you click this you're
telling them that you're not going to
ask for a refund and they will not give
you that refund um and then you know
more stuff about billing data so on and
so forth but you know I I feel like
nobody ever really reads this
um this one's just letting you know that
after 30 days the um account will renew
and also another little hack is if you
blew your account and you got it for the
90% off and it's going to continue to be
90% off it is better to not reset it buy
a new account because the reset cost is
going to be way more expensive it's $80
to reset your account it's better to
just buy a brand new account than to
reset it
but if you want to keep the account then
keep it leave it blown and it will auto
reset the balance at the end of the
month when you repay for it it's
basically like having a quote unquote
free reset um even though technically
you're paying for it so do not reset the
accounts when they're on sale because it
just doesn't make sense either buy a new
one or just wait for it to renew at the
end of the month and it will give you a
free reset um and then it just talks
about disclosures and terms and
conditions blah blah blah um but yeah
that is how simple it is so Apex lets
you trade a lot actually they got the uh
e- mini S&P 500 they got the NASDAQ they
got the Dow they got the Russell 2000 um
for the Forex Traders they got the
Australian dollar the British pound the
Canadian dollar the Euro FX Japanese Yen
Swiss frank um for energy they got crude
oil they got natural gas um and then
they pretty much have micros for
everything so if you don't like playing
the full size they got the uh the S&P
500 micros the Dow Jones the NASDAQ the
Russell you can play micros in Gold uh
that's the uh Australian dollar USD the
euro dollar USD and crude oil so pretty
much anything that you want to trade you
can pretty much trade it on apex as long
as it's in the approved instruments and
they even have all the values for points
uh for money what the tick sizes are and
everything so I suggest that if you're
switching over to Apex and you have
something that you really like trading
especially if you're coming from Forex
to just make sure you look at these
instruments and uh find the one that you
know you want to trade personally I like
trading the NASDAQ and the S&P 500 but
I'm also kind of getting the golden oil
a little bit too so one of the things I
like about Futures as well as Apex is
that you can trade any day um and also
you can trade for 23 hours out the day
which can fit your schedule especially
if you're working during the day you can
also trade on holidays and and during
news so basically anytime the Futures
Market is open um you can trade from
6:00 p.m. Eastern Standard Time to 4:59
p.m. Eastern Standard Time um just one
thing to note is that if you have a
trade open and it's 459 they will close
the trade for you and then if you want
to get back in you'll have to reopen the
trade the one thing that I do really
like about Apex compared to a lot of
other prop firms is if you hold the
trade while the market is closed some
prop firms will count that as a rule
break and they will actually close your
account and you'll have to pay for a
reset or pay for a brand new account to
start over with but Apex doesn't do that
they got you covered they'll close it
for you and if they don't close it for
you um then you just might incur you
know the slippage whether the market
gaps up and down so that's something
that I really really like about Apex
also like I mentioned you can trade
during the news as well so a lot of
people they like trading during the news
um the news can be very very volatile
and you can make a lot of money during
the news it is a it is more of a gamble
however if you know how to trade the
event they don't stop you like a lot of
other prop firms will try to stop you
from Trading during the news so the
rules for the accounts are pretty simple
all you have to do is meet your profit
goal without hitting the Max draw down
um and then once you've hit your profit
goal you have to have traded for a
minimum of seven days now right now
they're doing the um the one-day pass
but when they're not doing the one- day
pass you have to trade for a minimum of
s days now if you hit your profit go
before the 7 days then that's cool too
all you need to do is just open and
close one micro contract every day until
you hit the seven days and that'll count
as a trading day and then after the
seven days you'll get funded they'll
send you an email and then you have to
pay for the funded accounts which I'm
going get into right now picking your
account size was a really important step
in the eval process because once you
pass the eval there's another fee that
you have to pay pay for to actually get
the funded account and start making real
money in the market so once you've
passed you have an option of paying a
monthly fee which is $85 for the
rhythmic or you can pay the lifetime
these are all the lifetime fees right
here for the uh rhythmic accounts and
then trade ofate is a little bit more
expensive the monthly is
$105 and then these are the lifetime
fees right here for the uh trade of a
accounts it's really important to know
this because not a lot of people know
that depending on what account size you
get the more money you could be paying
for the activation fee so if you ear in
a 300K account it may be the cheaper
option to just go ahead and pay the
monthly because it's only $150 a month
instead of paying one time 360 unless
you're confident and you're profitable
and you know you're going to be getting
multiple payouts then that might be an
option that you might want to consider
you picked your eval account you passed
it you bought bought your PA account and
now you're ready to make some money but
there's another thing that you should
know and that is the actual payout
process so you're entitled to the first
100% of the first
$25,000 that you make and then after
that it's a 9010 split which is really
good for most prop firms they're 8020
and I think the Forex prop firms are
like 7030 so the Futures props are
really good for the profit split and
9010 is I mean it's probably the best
you're going to see
you can request a payout and receive a
payout two times per month the first
payout dates you can request are from
the 1st and the 15th and then you get
paid out on the 15th and then the second
request dates are the 15th through the
20th and the payout occurs on the 30th
now the thing about these is you have to
have traded for 10 days in that cycle to
be able to request the payout uh once
you requested a payout you can keep
trading but until it's in until it's
approved you have to make sure that you
keep the funds you're trying to get out
of the account in there because if you
are if you were to lose those funds
they're not going to pay you out so you
have to keep that minimum threshold and
not blow the account or else they will
not pay you out all right so these are
the minimum balances that you're
required to have in your account to be
able to take money out of the account uh
as you can see the higher the account is
for your starting balance the more money
you have to make to be able to even
request a
payout they do have a minimum withdrawal
amount so the minimum that you have to
take out when you request a payout is
$500 so just be aware that you have to
take that out if you're going to request
a
payout there's also a maximum withdrawal
amount that you can take out twice a
month and these are all the numbers per
account that you can take out Max
but once you've shown consistency for
three months this goes away and you can
take out as much profit as you want and
they'll still do the 9010 split if you
haven't already taken out that
$25,000 the best part about Apex is the
ability to have multiple accounts funded
all at one time this is the cheat code
to Apex you can have a total of 20
accounts funded at one time meaning on
that last page that we just taled talked
about if you have 20 50k accounts and
you pull out
$2,000 that's
40K in two weeks and if you do that
twice that's 80k for the month and you
could copy trade all 20 accounts
together and this is probably the
biggest Pro of Apex out of all the other
you know Pros that Apex has this one is
why people love Apex so much not because
the accounts are so cheap but also
because the accounts are cheap and you
can get 20 of them and then if they're
all funded and you're trading well you
can run it up and have some really huge
paydays all the articles that I
referenced in this video I'm going to
make sure to put them down in the
description so you can go ahead and take
a look at them for yourself and if you
have any questions about Apex Trader
funding then leave them down in the
comments and I'll go ahead and get you
that answer and if you're still on the
fence about Apex I also made a video
about topet vers Apex which is another
prop Fir and you can check that out
right over here
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