Apex Trader Funding is a proprietary trading firm (prop firm) that allows traders to trade funded accounts without risking their capital. Prop firms are businesses that support traders to change on their behalf in exchange for a share of the profits.
What are the benefits of trading with a prop firm?
There are several benefits to trading with a prop firm, including:
- Access to larger accounts: Prop firms can provide traders access to much larger budgets than they could fund themselves. This can give traders the potential to make more money, but it also comes with the risk of losing more money.
- Professional trading environment: Prop firms typically provide traders with a professional trading environment, including access to state-of-the-art software and hardware.
- Mentorship and training: Many prop firms offer traders mentorship and training from experienced traders. This can be helpful for traders who are new to the market or looking to improve their trading skills.
What are the drawbacks of trading with a prop firm?
There are also some drawbacks to trading with a prop firm, including:
- Profit sharing: Prop firms typically take a share of the profits generated by their traders. This means that traders will keep less of the profits they make than they would if they were trading on their own.
- Strict trading rules: Prop firms typically have strict trading rules that their traders must follow. These rules can be designed to protect the firm’s capital, but they can also limit the flexibility of traders.
- Risk of losing more money: As mentioned above, prop firms can provide traders access to much larger accounts than they could fund. This means that traders have the potential to make more money, but it also comes with the risk of losing more money.
Is Apex Trader Funding a good prop firm?
Apex Trader Funding is a relatively new prop firm, but it has quickly become one of the most popular in the industry. The firm has a good reputation and is known for its fair trading conditions. Apex Trader Funding also offers a variety of trading plans to choose from, so traders can find a plan that fits their individual needs and trading style.
What are the pros and cons of Apex Trader Funding?
- Fair trading conditions
- Variety of trading plans to choose from
- Good Reputation
- Lucrative profit sharing model (100% of the first $25,000 profit per account and 90% after that)
- Relatively new prop firm
- Strict trading rules
How to get funded with Apex Trader Funding
To get funded with Apex Trader Funding, traders must pass an evaluation process. The evaluation process consists of two phases: a challenge phase and a scaling phase.
In the challenge phase, traders must meet certain profit and drawdown targets within a set period. If traders pass the challenge phase, they will be eligible for a funded account.
In the scaling phase, traders will start with a smaller funded account and can scale up their account size as they continue to meet performance targets.
Is Apex Trader Funding right for you?
Whether or not Apex Trader Funding is right depends on your needs and trading goals. If you are a new trader or do not have the capital to fund your trading account, then Apex Trader Funding may be a good option for you. However, it is essential to consider the pros and cons of trading with a prop firm before deciding.
Here are some additional things to keep in mind about Apex Trader Funding:
- Apex Trader Funding offers a variety of trading plans to choose from, with account sizes ranging from $25,000 to $300,000.
- Apex Trader Funding allows traders to trade various instruments, including forex, indices, metals, commodities, stocks, and cryptocurrencies.
- Apex Trader Funding has a mobile app that allows traders to trade from their smartphones and tablets.
- Apex Trader Funding offers traders various educational resources, including webinars, trading guides, and video tutorials.
**Overall, Apex Trader Funding is a reputable prop firm with a good reputation. The firm offers a variety of trading plans to choose from and allows traders to trade various instruments. Apex Trader Funding also offers