Apex Trader Funding is a prop firm, meaning they provide capital for traders to trade with in exchange for a share of the profits. Here’s a summary of what users consider the pros and cons of Apex Trader Funding:
Pros:
- Fast and Easy Evaluation: They have a one-step evaluation process, which is simpler than some other prop firms.
- Profitable Deals: They offer a 90/10 profit split, meaning you keep 90% of the profits you generate. In addition, your first $25,000 is all yours, with no profit share taken by Apex.
- Relaxed Trading Rules: They allow trading during news events, which some prop firms restrict. They also don’t have daily drawdown limits or limitations on how you can scale up your account size.
- Multiple Payouts: You can request up to two profit payouts each month.
- Positive Reviews: They have a high Trustpilot score, indicating positive user experiences.
Cons:
- Limited Feedback: Some reviewers on YouTube mention that Apex Trader Funding can be slow to communicate and may not provide clear reasons for denying payouts ([YouTube](apex trader funding review)).
Overall:
Apex Trader Funding appears to be a well-regarded prop firm with a streamlined application process, good profit splits, and relaxed trading rules. However, some users have reported frustrations with communication and unclear payout denials.