Apex trader funding is a proprietary company that provides trading capital to investors. Before becoming a member, a trader must pass a competitive evaluation process known as the Apex challenge. Once successful, he or she is granted a funded account. There are several important benefits to becoming a member of Apex trader funding.
Unlike other trading firms, Apex trader funding offers a trailing drawdown rule, which stops at the initial balance plus $100 in a live account. This means that a $61,000 account effectively has a buffer of $10,900. Another important factor to consider is the cost. The program charges $85.95 a month to access market data on all markets, per account. This is a significant price to pay for the service, so it’s a good idea to budget accordingly.
Apex trader funding payments are available within two business days of your request. To qualify for the fund, you must have at least 10 trading days. The days don’t have to be consecutive, but you must have at least ten trading days. Then, you must meet the profit target. This will earn you the money you need to continue your trading. This funding option is a great way to increase your account size.
The other key benefit of Apex trader funding is the ability to withdraw real money. Unlike many competitors, APEX allows you to trade the maximum amount of contracts. Most competitors require you to scale your positions in order to earn the maximum profit, which means they can end up in a break-even position. In contrast, APEX traders have unlimited access to their funds and can trade the maximum amount of contracts for their accounts from day one.
Apex trader funding also provides multiple account options. If you’re looking for an unbiased evaluation of your trading strategies, you can create multiple accounts and duplicate strategies across different accounts. Having more than one account allows you to take advantage of multiple strategies and minimize the drawdowns that arise in one account. It also gives you ample room to trade out of small losses. It also gives you a better chance of earning a profit.
One major benefit of Apex trader funding is the possibility to receive up to $10,000 in profits without having to risk your capital. The company offers the option of receiving funding by wire transfer, PayPal, or mailed check. To access the account, you must have a valid bank account and a tax ID. When you receive your funding, you’ll receive your first $10,000 in profit. It is a great way to get started with trading without having to risk your savings.
Resetting your account is a simple process. The first step is to log into your account. Once logged in, you’ll see all of your accounts in the members’ area. Look for a button labelled ‘reset’ and click it. Once you have done that, you’ll need to know the details of your account. Once you have these details, you can reset your account. This is an important part of the process because if you don’t know them, you’ll be unable to receive the money.
