Apex Trading Group (often referred to as Apex Trader Funding) is a proprietary trading firm that provides funded trading accounts for futures traders. It enables traders to access capital and trade futures contracts while minimizing personal financial risk. Here’s a comprehensive overview of Apex Trading Group:
Key Features
Funding Programs
- Evaluation Program
- Phases: Typically a single evaluation phase.
- Profit Targets: Ranges from $1,500 to $9,000 depending on the account size.
- Drawdown Limits: Usually around $1,500 to $5,000 depending on the account.
- Account Sizes: Ranges from $25,000 to $300,000.
- Trading Period: Typically 30 days to meet profit targets.
- Direct Funded Program
- Phases: No evaluation, direct access to funded account.
- Profit Targets: No targets since it's a direct funding model.
- Drawdown Limits: Similar to the evaluation program.
- Account Sizes: Varies up to $300,000.
- Features: Immediate access to trading capital with a higher initial fee.
Trading Rules
- Instruments: Focuses on futures contracts including indices, commodities, and treasuries.
- Leverage: Variable, typically significant due to futures trading nature.
- Platforms: Supports major futures trading platforms such as NinjaTrader, Rithmic, and TradeStation.
Payouts
- Profit Split: Generally starts at 90%, potentially increasing based on performance.
- Frequency: Monthly or upon request.
- Payment Methods: Includes bank transfers, e-wallets, and other financial methods.
Fees
- Evaluation Fees: Monthly subscription fee based on the account size and trading conditions.
- Direct Funding Fees: Higher initial fee for immediate funding.
Trader Support
- Educational Resources: Offers tutorials, webinars, and market analysis tailored for futures trading.
- Community: Engages traders through forums, social media, and trading groups.
- Customer Support: Available via email, live chat, and phone support.
Pros and Cons
Pros
- High Profit Split: Up to 90%, competitive in the industry.
- Immediate Funding Option: Direct funded accounts without evaluation for experienced traders.
- Flexible Account Sizes: A variety of account sizes to accommodate different trader levels.
Cons
- Subscription Fees: Ongoing monthly fees for evaluation accounts.
- Drawdown Rules: Strict rules can be challenging for some traders.
Reputation
Apex Trading Group has gained a positive reputation for its trader-centric approach and competitive profit splits. The firm is known for its flexibility and comprehensive support for futures traders, including a straightforward evaluation process and educational resources.
