So, you’re ready to sign up for Apex Trader Funding and have a few final questions about how it all works. In this article we cover a quick overview of the ins and outs of Apex Trader Funding so you can sign up and enjoy the features they offer.
Where to sign up for Apex Trader Funding?
You can sign up for the Apex Trader Funding Challenge Evaluation by heading to the Apex website and choosing your platform and account size.
What Discounts do Apex Trader Funding Offer?
Apex Trader Funding often run discounts which create excellent offers for traders looking to get funded with a futures prop firm. The discounts range from 50% Off through to 90% off. They also offer a 1 day to pass bonus for those looking to stack funded accounts fast. Here are some of the offers Apex hold as a discount:
– 90% Off
– 80% Off
– 72% Off
– 1 Day to Pass
– 50% Off Resets
Is Apex Trader Funding Worth It?
To find out if Apex Trader Funding is worth it, you must first ask what returns you expect to get out of the markets overall. Then consider the costs vs how much you will get out as a funded trader with Apex.
Prop Trading vs Personal Trading Example
Example
You earn 1% per month on a 50k account.
Let’s assume you are past the 100% payouts and are on the standard 90% share payout that Apex gives to Funded Traders.
Costs
At full price that’s almost $170, plus $140 once funded = $310
Return
$450 after 10% for Apex for a 1% return (but remember you will have earned 6% during the challenge to get the funded account).
Net Result
Month 1: 450 – 310 = $140 *But you must hit a minimum balance to withdraw.
Month 2 at 1% profit: 450 = $450
Minimum Withdrawal Rule for Apex
The minimum withdrawal rule for Apex means that traders need to earn just over 5% for the 50k account ($2600) before starting to request withdrawals.
Overall
If you get a payout, meaning you have made around 5% or 6% in the evaluation PLUS the 5% in the PA to request a withdrawal, you would be in profit by $1700 (after apex fees for that account) if you withdrew $2,000.
Compare This to Personal Trading Account
If you were to put up the same costs into your own account (so you don’t have to worry about rules) and earn the same % return, you would hit about $31 in profit (from the $310 total costs used as your own balance instead of using apex).
What Does That Mean?
It means that if you can pass and get paid within the Apex funding rules, you might be better off using them. However if you won’t pass, then none of this matters and you need to keep practicing your strategy.
Retained Balance vs Full Loss
On the other hand, if you fail the challenge you lose the entire sum of your fee, while your personal account would retain the balance of whatever you haven’t lost trading.