Introduction
In today’s blog post, we will delve into a detailed comparison of two renowned prop trading firms: Apex Trader Funding and FTMO Prop Trading Firm. As traders who have experienced both programs, we aim to provide valuable insights into their features, benefits, and potential drawbacks. Join us as we explore the key aspects of these firms and help you make an informed decision about which program suits your trading goals.
| Prop Firm Details | FTMO | Apex Trader Funding |
| Year Founded | 2014 | 2021 |
| Maximum Balance | $2,000,000 | $300,000 |
| Tradeable Assets | Forex Indices Metals Commodities Stocks Crypto |
Equity Futures Forex Futures Agricultural Futures Energy Futures Interest Rate Futures Metals Futures Crypto Futures |
| Challenge Type | Two Step Evaluation | One-Step Evaluation |
| Trading Platforms | MT4 MT5 cTrader |
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⭐ | 4.9 / 5.0 | 4.8 / 5.0 |
| Trust Pilot Reviews | 4,408 | 2,122 |
| Payment Types | Wire Transfer Skrill Crypto Credit Card Google Pay Nuvei Checkout.com Confirmo |
Credit Card |
Evaluation Process
When it comes to the evaluation process, both Apex Trader Funding and FTMO Prop Trading Firm have rigorous programs designed to assess traders’ skills and discipline. Apex Trader Funding offers a relatively straightforward evaluation process, allowing traders to qualify for the funded trading program in as little as seven days. On the other hand, FTMO’s evaluation process consists of the FTMO Challenge and Verification stages, which are designed to identify trading talents. While FTMO’s evaluation process may be more comprehensive, both firms prioritize evaluating traders effectively.
Funding and Profit Sharing
Apex Trader Funding stands out for its funding and profit-sharing structure. Upon successful evaluation, traders can receive funding with the opportunity to earn 100% of the first $25,000 per account and 90% beyond that. This provides traders with the necessary capital to implement their trading strategies effectively. Similarly, FTMO Prop Trading Firm offers traders the opportunity to manage an FTMO Account with a balance of up to $400,000. The profit split ratio for FTMO traders starts at 80:20 but can increase to an impressive 90:10 based on meeting specific conditions. Both firms provide competitive profit-sharing arrangements to incentivize traders.
Payout Structure
Apex Trader Funding offers two payouts per month, providing traders with regular income streams and financial stability. This allows traders to maintain a steady cash flow. FTMO Prop Trading Firm, on the other hand, allows traders to request payouts on-demand and choose their preferred Profit Split Day. The flexibility in payout options ensures that traders can access their profits according to their individual preferences.
Trading Platforms and Instruments
Apex Trader Funding provides traders with a user-friendly trading platform that enables them to execute their trading strategies efficiently. Traders can trade full-sized contracts, allowing them to take advantage of larger market moves and potentially maximize their profits. FTMO Prop Trading Firm offers popular trading platforms such as MT4, MT5, and cTrader, providing traders with a familiar trading environment. Both firms offer a wide range of trading instruments, including Forex, Indices, Crypto, Commodities, and more, allowing traders to diversify their portfolios.
Additional Benefits and Support
Both Apex Trader Funding and FTMO Prop Trading Firm offer additional benefits and support to traders. Apex Trader Funding emphasizes simple risk management rules to ensure traders have a structured approach to managing their trades and minimizing potential losses. They also provide traders with the flexibility to execute their trading strategies without restrictions, even on holidays and during news announcements. FTMO Prop Trading Firm offers custom trading apps, account analysis, unbiased feedback, and educational resources through their Trading Academy. These resources assist traders in enhancing their trading skills and staying updated with market trends.
Considerations
Traders considering Apex Trader Funding should be aware of the monthly subscription fee, which covers software licenses and real-time data fees. This fee adds to the overall cost of participating in the program. On the other hand, FTMO Prop Trading Firm requires traders to meet specific Trading Objectives before they can trade for the firm. Traders should be prepared for the challenges of the evaluation process and the need to meet these objectives.
Conclusion
In conclusion, both Apex Trader Funding and FTMO Prop Trading Firm offer compelling opportunities for traders to access capital and trade without risking their own funds. Apex Trader Funding’s straightforward evaluation process, flexible payout structure, and emphasis on risk management make it an attractive option for traders looking for simplicity and accessibility. FTMO Prop Trading Firm’s comprehensive evaluation process, higher funding potential, and additional educational resources position it as a solid choice for traders seeking a more comprehensive trading experience. Ultimately, the choice between the two firms depends on individual trading goals, preferences, and risk appetite. We recommend thoroughly researching and evaluating both programs to make an informed decision that aligns with your trading aspirations.
