Introduction:
As traders in the financial markets, we understand the importance of finding the right funded trading program to support our career aspirations. In this blog post, we will compare and contrast two renowned firms, Apex Trader Funding and FundedNext, to help you make an informed decision about which program aligns best with your trading goals. Join us as we delve into the key features, benefits, and considerations of each program.
| Prop Firm Details | Funded Next | Apex Trader Funding |
| Year Founded | 2022 | 2021 |
| Maximum Balance | $4,000,000 | $300,000 |
| Tradeable Assets | Forex Indices Metals Commodities |
Equity Futures Forex Futures Agricultural Futures Energy Futures Interest Rate Futures Metals Futures Crypto Futures |
| Challenge Type | One-Step Evaluation Two Step Evaluation |
One-Step Evaluation |
| Trading Platforms | MT4 | Web NinjaTrader Tradovate Rithmic Volfix ATAS Quantower Sierra Chart MotiveWave Bookmap X-Ray Jigsaw Daytradr |
| Trading Hours | Holding Overnight Holding Over Weekend |
❌ |
| Copy Trading | ✅ | ❌ |
| News Trading | ❌ | ❌ |
| EAs | ✅ | ❌ |
| Trust Pilot Rating⭐ | 4.6 / 5.0 | 4.8 / 5.0 |
| Trust Pilot Reviews | 3,923 | 2,122 |
| Payment Types | Wire Transfer Paylpal Crypto Payoneer Coinbase Revolut Wise |
Credit Card |
| One Step Rules | FundedNext | Apex Trader Funding |
| Profit Target | 25% | 6% |
| Max Daily Loss | 5% | ❌ |
| Max Daily Drawdown | ❌ | ❌ |
| Max Loss | 10% | ❌ |
| Max Drawdown | ❌ | 6% – 2.5% |
| Minimum Trading Days | 10 | 7 |
| Maximum Trading Days | ❌ | ❌ |
| Profit Split | 60%, up to 90% | 90% |
Program Overview:
Apex Trader Funding and FundedNext both offer funded trading programs that provide traders with access to capital without risking their own savings. These programs enable traders to showcase their skills, implement trading strategies, and potentially earn substantial profits. Let’s explore the distinct characteristics of each program.
Apex Trader Funding:
Apex Trader Funding stands out for its simplicity and accessibility. The program offers multiple account options, allowing traders to choose the one that aligns best with their objectives. Upon successful evaluation, traders receive funding and can retain a significant portion of their profits. The program emphasizes risk management rules and provides trading freedom, enabling traders to execute their strategies without restrictions. However, traders should consider the monthly subscription fees and the restrictions on certain trading strategies.
FundedNext:
FundedNext is a prominent prop trading firm that offers three distinct funding models: Evaluation, Express, and Stellar Challenge. The Evaluation Model provides a structured approach for traders to showcase their skills and progress in their trading journey. The Express Model offers flexibility and allows traders to trade at their own pace. The Stellar Challenge provides the best prop trading conditions and offers a 15% profit share from the challenge phase. FundedNext is committed to attractive profit-sharing options, no time limits, and balance-based drawdown calculations. Traders can benefit from raw spreads and low commissions, enhancing their trading experience.
Benefits and Considerations:
Both programs have their unique benefits and considerations that traders should evaluate before making a decision.
Apex Trader Funding:
- Quick qualification
- Flexible payouts
- Trade full-sized contracts
Apex Trader Funding provides traders with the necessary capital to implement their strategies effectively. However, traders should be aware of the monthly subscription fees and evaluation reset costs, as well as the restrictions on certain trading strategies.
FundedNext:
- Attractive profit-sharing options
- No time limits
- Balance-based drawdown
FundedNext offers attractive profit-sharing options, no time limits, and balance-based drawdown calculations. Traders can trade with peace of mind and benefit from raw spreads and low commissions. However, it’s important to consider the funding models and their associated profit splits, as well as the specific requirements for each model.
Conclusion:
As traders ourselves, we recognize the significance of choosing the right funded trading program. Apex Trader Funding and FundedNext offer appealing opportunities for traders to access capital and pursue their trading careers. Apex Trader Funding excels in its simplicity, risk management rules, and trading freedom, while FundedNext stands out with its diverse funding models, attractive profit-sharing options, and commitment to providing the best trading conditions.
Ultimately, the choice between Apex Trader Funding and FundedNext depends on your individual preferences, trading style, and goals. We recommend thoroughly evaluating the features, benefits, and considerations of each program to determine which one aligns best with your needs. Whichever program you choose, both Apex Trader Funding and FundedNext provide valuable resources and support to help traders thrive in the world of trading.
