Bitcoin

Apex Funding Account: Which One Should You Choose?

Trading in Apex funding accounts that fit you could be the key to your success. The three trading platforms offered on Apex Trader Funding – WealthCharts, Rithmic and Tradovate – deliver different features that cater to different trading styles. So which one is right for you? This detailed breakdown of Apex funding accounts can give you the insight to decide on the trading platform that suits you.

Understanding Apex Trader Funding Account Types

Apex Trader Funding offers the world-class trading platforms WealthCharts, Rithmic and Tradovate. These provide choices for not only the experienced trader looking for advanced tools and lightning-fast executions but also the beginner seeking a user-friendly interface and deep educational resources on prop trading.

WealthCharts Plan Details

WealthCharts is a trading software platform that provides advanced analytical tools, a personalized dashboard and real-time data. Its innovative InvestPulse AI technology helps it stand out with market scanning capabilities to find trading opportunities. Real-time data fees (a $55 value) are included in the WealthCharts plan on Apex Trader Funding.

Account Sizes

Account Size Contracts Profit Targets Trailing Threshold Daily Drawdown Scaling Cost
$25,000 Full 4 (40 Micros) $1,500 $1,500 None None $147/Month
$50,000 Full 10 (100 Micros) $3,000 $2,500 None None $167/Month
$100,000 Full 14 (140 Micros) $6,000 $3,000 None None $207/Month
$150,000 Full 17 (170 Micros) $9,000 $5,000 None None $297/Month
$250,000 Full 27 (270 Micros) $15,000 $6,500 None None $297/Month
$300,000 Full 35 (350 Micros) $20,000 $7,500 None None $297/Month
$100,000 Static 2 (20 Micros) $2,000 None $625 None $137/Month

Rithmic Plan Explanation

Rithmic is a leading trading software platform known for its direct-market access (DMA) that routes orders efficiently and provides real-time market data. Rithmic’s high-speed, ultra-low-latency trading infrastructure provides retail and professional traders with capabilities that were once only available to institutional traders. 

The Apex Rithmic plan includes real-time data fees (a $55 value) and the popular NinjaTrader platform (a $75 value).

Account Sizes

Account Size Contracts Profit Targets Trailing Threshold Daily Drawdown Scaling Cost
$25,000 Full 4 (40 Micros) $1,500 $1,500 None None $147/Month
$50,000 Full 10 (100 Micros) $3,000 $2,500 None None $167/Month
$100,000 Full 14 (140 Micros) $6,000 $3,000 None None $207/Month
$150,000 Full 17 (170 Micros) $9,000 $5,000 None None $297/Month
$250,000 Full 27 (270 Micros) $15,000 $6,500 None None $297/Month
$300,000 Full 35 (350 Micros) $20,000 $7,500 None None $297/Month
$100,000 Static 2 (20 Micros) $2,000 None $625 None $137/Month

Tradovate Plan Breakdown

Tradovate is a modern trading software platform based in the cloud, providing traders seamless trading across multiple devices (desktop, mobile and tablet), accessibility on Windows and Mac computers and order continuity even with network interruptions. A Tradovate license is included with the Apex Tradovate plan and it’s compatible with TradingView. Real-time data (a $55 value) and NinjaTrader (a $75 value) are included.

Account Sizes

Account Size Contracts Profit Targets Trailing Threshold Daily Drawdown Scaling Cost
$25,000 Full 4 (40 Micros) $1,500 $1,500 None None $147/Month
$50,000 Full 10 (100 Micros) $3,000 $2,500 None None $167/Month
$100,000 Full 14 (140 Micros) $6,000 $3,000 None None $207/Month
$150,000 Full 17 (170 Micros) $9,000 $5,000 None None $297/Month
$250,000 Full 27 (270 Micros) $15,000 $6,500 None None $297/Month
$300,000 Full 35 (350 Micros) $20,000 $7,500 None None $297/Month
$100,000 Static 2 (20 Micros) $2,000 None $625 None $137/Month

Account Sizes Compared

To fit the software platform best for your trading style with the account that suits your budget and experience, here is a side-by-side comparison of account sizes.

Account Sizes Monthly Fees (Rithmic) Monthly Fees (Tradovate) Monthly Fees (WealthCharts) Contract    Sizes Profit Target Trailing Threshold
$25,000 $147 $147 $147 4 (40 Micros) $1,500 $1,500
$50,000 $167 $167 $167 10 (100 Micros) $3,000 $2,500
$100,000 $207 $207 $207 14 (140 Micros) $6,000 $3,000
$150,000 $297 $297 $297 17 (170 Micros) $9,000 $5,000
$250,000 $2977 $297 $297 27 (270 Micros) $15,000 $6,500
$300,000 $297 $297 $297 35 (350 Micros) $20,000 $7,500
$100,000 (Static) $137 $137 $137 2 (20 Micros) $2,000 $0.00

Note: Monthly fees, contract size, profit target and trailing threshold are the same for Tradovate, Rithmic and WealthCharts plans.

Comparing Accounts, Trading Platforms, Fees and Profit-Sharing

When you are prop trading, available account types, trading platforms, fees and profit-sharing structures can impact your trading experience. Consider how the three account plans compare on these issues:

Account Types

You can choose two accounts on Apex Trader Funding: full or static. A full account allows larger contract sizes and stop-loss limits since the trailing threshold adjusts as your account balance grows. 

The threshold on a static account doesn’t adjust with the balance. Consider a full account if you’re a more aggressive trader of futures contracts. More conservative traders might consider a static account.

Trading Platforms

WealthCharts provides the newest trading technology for research tools and precision trading for experienced and beginning traders, including built-in copy trading. Rithmic’s data feed and low-latency network give traders fast order execution required by algorithmic and high-frequency traders. 

A Tradovate account, with its modern suite of analytical tools and education, lends itself to beginning traders for its ease of use and experienced traders looking for convenience in trading.

Fee Structures

Under Apex Trader Funding’s latest regime, pricing for account sizes across WealthCharts, Rithmic and Tradovate is the same. However, WealthCharts and Rithmic have a lower reset fee ($80) for evaluation accounts and a lower monthly fee for Performance Accounts (PA) or Paid Accounts ($85 per month). The reset fee on a Tradovate evaluation account is $100 and a PA on Tradovate costs $105 per month.

Profit-Sharing Models 

Apex Trader Funding offers traders a generous profit-sharing model. You get to keep 100% of the first $25,000 of profit you earn. After that, you split your profits with Apex 90:10, where you keep 90% of your earnings and Apex gets 10%. This is the same across all account sizes and types.

Find Which of the Apex Funding Accounts Fits You

Now that you know more about the Apex funding accounts and Apex Trader Funding, consider your trading strategies and goals to decide the best one for your prop trading. 

Frequently Asked Questions 

A

Apex Trader Funding allows unlimited evaluation accounts. However, you cannot exceed 20 active Performance Accounts (PA) total – within your household or company or on a shared connection. Otherwise, you won’t get paid and will forfeit the accounts.

 

A

The 30% rule on Apex Trader Funding is a risk management tool to avoid excessive losses on any single trade. It accomplishes this by limiting the negative profit and loss on an open trade to no more than 30% of your profit at the start of the trading day; for example, $2,100 for a starting profit of $7,000.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button