Apex Trader Funding

This review is based only on my own experience. Overall a good prop with a potential to be the top firm in online futures evaluation if they fix a couple problems. Pros: - they do pay out. It took a couple weeks, but I received my payout - they allow scalping for 1-2 ticks and holding trades for seconds, some other props don't! - although some of the trading rules are not clear and can possibly deny the payout they seem to use common sense when enforcing them, for example: I was allowed to vary number of contracts traded depending on account balance, size of stops, volatility, etc. They didn't have a problem if I used 3 contracts on 1 trade, and then 6 on other trade with tighter stop. - they allow for "mental" stops instead of putting the exact stop order - they allow to trade EUREX markets on Tradovate: BUND, DAX, STOXX, etc. which is a big advantage for European and possibly African and Asian traders - they provide the best leverage in the industry - affordable prices - no scaling - When trading on Tradovate I didn't experience any technical problems Cons: - payouts in August took too long to be approved, a trader should know in a matter of few days if he/she gets the money or not - requirement to provide video recordings is just too much, there must be a better way to tell if a trader is trading his/her account - very vague rules on what style of trading is approved, their rules can be interpreted many ways. Some of the rules are easy to understand, like no DCA, but others like "not chasing the market" question if breakout trading is allowed or not - no clear path to live trading - mixed feeling about support, sometimes they act quickly and respond in minutes, sometimes it takes them couple days Suggestions on how to be the top firm: - simplify trading rules, make them very clear and easy to understand, so people don't get payouts denied for reasons they do not understand. A trader should never worry about getting a payout approved. Current rules and PA contracts are too vague. I would suggest dropping contract consistency size rule and replace it with a minimal required profit/loss per day - something similar to what Topstep has. Another thing - news trading is allowed but only certain strategies. Either ban trading news at all or let trader do what they want but enforce 30% consistency rule no questions asked or even make it 25% consistency rule. - speed up payout approval process - have a clear path for a trader to go live, as holding profitable trader on sim too long presents risks to both the company and traders Advice for Apex: let traders do their job. Do not interfer with what a trader is doing, how does he/she makes money as long as it doesn't involve any schemes like: taking opposite side of the market in different accounts, group trading, etc. Have only a few super clear rules and you'll be the top eval firm.

This review is based only on my own experience. Overall a good prop with a potential to be the top firm in online futures evaluation if they fix a couple problems. Pros: - they do pay out. It took a couple weeks, but I received my payout - they allow scalping for 1-2 ticks and holding trades for seconds, some other props don't! - although some of the trading rules are not clear and can possibly deny the payout they seem to use common sense when enforcing them, for example: I was allowed to vary number of contracts traded depending on account balance, size of stops, volatility, etc. They didn't have a problem if I used 3 contracts on 1 trade, and then 6 on other trade with tighter stop. - they allow for "mental" stops instead of putting the exact stop order - they allow to trade EUREX markets on Tradovate: BUND, DAX, STOXX, etc. which is a big advantage for European and possibly African and Asian traders - they provide the best leverage in the industry - affordable prices - no scaling - When trading on Tradovate I didn't experience any technical problems Cons: - payouts in August took too long to be approved, a trader should know in a matter of few days if he/she gets the money or not - requirement to provide video recordings is just too much, there must be a better way to tell if a trader is trading his/her account - very vague rules on what style of trading is approved, their rules can be interpreted many ways. Some of the rules are easy to understand, like no DCA, but others like "not chasing the market" question if breakout trading is allowed or not - no clear path to live trading - mixed feeling about support, sometimes they act quickly and respond in minutes, sometimes it takes them couple days Suggestions on how to be the top firm: - simplify trading rules, make them very clear and easy to understand, so people don't get payouts denied for reasons they do not understand. A trader should never worry about getting a payout approved. Current rules and PA contracts are too vague. I would suggest dropping contract consistency size rule and replace it with a minimal required profit/loss per day - something similar to what Topstep has. Another thing - news trading is allowed but only certain strategies. Either ban trading news at all or let trader do what they want but enforce 30% consistency rule no questions asked or even make it 25% consistency rule. - speed up payout approval process - have a clear path for a trader to go live, as holding profitable trader on sim too long presents risks to both the company and traders Advice for Apex: let traders do their job. Do not interfer with what a trader is doing, how does he/she makes money as long as it doesn't involve any schemes like: taking opposite side of the market in different accounts, group trading, etc. Have only a few super clear rules and you'll be the top eval firm.

They pay, but it takes forever... Dashboard is nice enough. Had to contact customer support once and they took care of my problem immediately, so I give them props for that. But getting approved and paid takes waaaay too long, kinda has me looking at other prop firms. Only been paid out twice, hopefully future payouts are quicker to process.

They pay, but it takes forever... Dashboard is nice enough. Had to contact customer support once and they took care of my problem immediately, so I give them props for that. But getting approved and paid takes waaaay too long, kinda has me looking at other prop firms. Only been paid out twice, hopefully future payouts are quicker to process.

Great experience with ATF. The payout process's just takes long and the 30 percent rule is on point. Although , I hope I don’t have to send a video of myself trading every time I request a payout

Great experience with ATF. The payout process's just takes long and the 30 percent rule is on point. Although , I hope I don’t have to send a video of myself trading every time I request a payout

So far experience has been great. Mind you I have just received my PA. I will give an update after my first payout. Update: Not sure if this was an issue with Apex/Tradingview/Tradovate, but had 2 trades that did not show up as filled after I had entered the trades, in fact, the second trade was only entered because the first one did not show up as filled, then after about 10 minutes, one of the trades showed up but was in drawdown...luckily I was able to manage it and I close it in profit. The second trade never showed up. However, I got an email saying I had broken a rule of keeping a trade open over night and my account was closed. This is not a complaint per se.... I am just sharing information about my experience.

So far experience has been great. Mind you I have just received my PA. I will give an update after my first payout. Update: Not sure if this was an issue with Apex/Tradingview/Tradovate, but had 2 trades that did not show up as filled after I had entered the trades, in fact, the second trade was only entered because the first one did not show up as filled, then after about 10 minutes, one of the trades showed up but was in drawdown...luckily I was able to manage it and I close it in profit. The second trade never showed up. However, I got an email saying I had broken a rule of keeping a trade open over night and my account was closed. This is not a complaint per se.... I am just sharing information about my experience.

(DISCLAIMER: THIS REVIEW IS MY OPINION AND BASED ON MY EXPERIENCE ALONE. PLEASE DO YOUR OWN DUE DILIGENCE IF YOU WISH TO WORK WITH APEX) TL;DR: Apex is a good firm. I've had very minimal need to contact support due to issues. I received my first payout within the time frame they promise in their rules. I've managed to stay out of the major data glitches by luck but those things shouldn't happen. Apex should look to fix issues with traders accused of wrong-doing who may not be doing anything wrong. Long version: Apex is a good firm. I waited a long time to submit my Trustpilot review as I wanted to go through the almost full spectrum of their entire funding program from evaluation to getting payouts. They are not perfect, of course, and they have some of the most stringent funding and payout rules out there. But the important thing is whether they pay out their traders. And, in my experience, they do. They do have a very strange payout process but it all makes sense if you understand what they are trying to do. That is simply the way they do business and the reason why I think they will always be in a position to pay out all traders that are eligible to receive payouts. The fact is, Apex is not for every type of trader. That is the reason some are so vocal against them. But based on my experience, one just needs to figure out a way to trade the Apex way of trading. Here are some highlights of my Apex journey: - Their support/helpdesk is pretty much on point. I've never experienced any unreasonable delays in getting responses. They provide clear instructions on the scenarios wherein you should and should not contact them. I followed those and always got the resolution that I expected (Once, I got locked out of my dashboard due to the notorious ID verification failure but was promptly resolved once I contacted support. I only had to send one message.) - I've experienced minor glitches with Rithmic that did not warrant raising support tickets. When they happened, or whenever I see other folks starting to report Rithmic/Tradovate issues, I stopped trading for that day to avoid problems. These things should not happen though. But I believe Apex, for the most part, always made things right to those affected. - I've bought about 25 evaluations from them over a long period of time. Of those, I've passed 5. And of those, I've lost 3. I've reached payout in 1 account. And hopefully 2 soon. I will also start another eval or two soon. I am literally developing as a trader under Apex and I am growing more confident every day. I've also recently passed an evaluation in another firm and working towards the payout there too. The way I see it, if you can work with the Apex rules, you will do well in other prop firms! - As I've mentioned, their payout process is really strange but it has worked the way it's supposed to work if you read their print, as far as I'm concerned. It is all there and I've found no need to contact support to follow up on anything in regards to my payout. First pay out was delayed because I needed to be invited to create a Plane account first (if you're International like I am). I had no issues with that, too. I'm now on my quest to receive my next payouts (nearly there *fingers crossed*). I will amend this review if I go through anything adverse but otherwise, I fully expect everything to go as smoothly. - I did have my doubts with Apex because of the recent backlash regarding their recent rules enforcement drive. I do think a few of the noise being raised in social media have merit. They definitely should address those issues, and maybe look into/acknowledge that their risk flagging will have false positive results and that they need to do right by those folks who are flagged in error. I managed my doubts by focusing on my own trading and making sure I follow all the rules. And as I mentioned above, I've also now started working with another prop firm just to validate that my funded trading success will and should not depend on any one firm. That said, Apex continues to have my confidence and I will continue to develop my trading and grow my portfolio with them. 4 stars for now. When I reach payout consistency with 6 PA accounts and I still experience the same smooth processes and positive Apex support, I will surely upgrade to a 5-star rating. The journey continues!

(DISCLAIMER: THIS REVIEW IS MY OPINION AND BASED ON MY EXPERIENCE ALONE. PLEASE DO YOUR OWN DUE DILIGENCE IF YOU WISH TO WORK WITH APEX) TL;DR: Apex is a good firm. I've had very minimal need to contact support due to issues. I received my first payout within the time frame they promise in their rules. I've managed to stay out of the major data glitches by luck but those things shouldn't happen. Apex should look to fix issues with traders accused of wrong-doing who may not be doing anything wrong. Long version: Apex is a good firm. I waited a long time to submit my Trustpilot review as I wanted to go through the almost full spectrum of their entire funding program from evaluation to getting payouts. They are not perfect, of course, and they have some of the most stringent funding and payout rules out there. But the important thing is whether they pay out their traders. And, in my experience, they do. They do have a very strange payout process but it all makes sense if you understand what they are trying to do. That is simply the way they do business and the reason why I think they will always be in a position to pay out all traders that are eligible to receive payouts. The fact is, Apex is not for every type of trader. That is the reason some are so vocal against them. But based on my experience, one just needs to figure out a way to trade the Apex way of trading. Here are some highlights of my Apex journey: - Their support/helpdesk is pretty much on point. I've never experienced any unreasonable delays in getting responses. They provide clear instructions on the scenarios wherein you should and should not contact them. I followed those and always got the resolution that I expected (Once, I got locked out of my dashboard due to the notorious ID verification failure but was promptly resolved once I contacted support. I only had to send one message.) - I've experienced minor glitches with Rithmic that did not warrant raising support tickets. When they happened, or whenever I see other folks starting to report Rithmic/Tradovate issues, I stopped trading for that day to avoid problems. These things should not happen though. But I believe Apex, for the most part, always made things right to those affected. - I've bought about 25 evaluations from them over a long period of time. Of those, I've passed 5. And of those, I've lost 3. I've reached payout in 1 account. And hopefully 2 soon. I will also start another eval or two soon. I am literally developing as a trader under Apex and I am growing more confident every day. I've also recently passed an evaluation in another firm and working towards the payout there too. The way I see it, if you can work with the Apex rules, you will do well in other prop firms! - As I've mentioned, their payout process is really strange but it has worked the way it's supposed to work if you read their print, as far as I'm concerned. It is all there and I've found no need to contact support to follow up on anything in regards to my payout. First pay out was delayed because I needed to be invited to create a Plane account first (if you're International like I am). I had no issues with that, too. I'm now on my quest to receive my next payouts (nearly there *fingers crossed*). I will amend this review if I go through anything adverse but otherwise, I fully expect everything to go as smoothly. - I did have my doubts with Apex because of the recent backlash regarding their recent rules enforcement drive. I do think a few of the noise being raised in social media have merit. They definitely should address those issues, and maybe look into/acknowledge that their risk flagging will have false positive results and that they need to do right by those folks who are flagged in error. I managed my doubts by focusing on my own trading and making sure I follow all the rules. And as I mentioned above, I've also now started working with another prop firm just to validate that my funded trading success will and should not depend on any one firm. That said, Apex continues to have my confidence and I will continue to develop my trading and grow my portfolio with them. 4 stars for now. When I reach payout consistency with 6 PA accounts and I still experience the same smooth processes and positive Apex support, I will surely upgrade to a 5-star rating. The journey continues!