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The post Apex Trader Funding vs. My Funded Futures by Sarah Edwards appeared first on Benzinga. Visit Benzinga to get more great content like this.
When stepping into the world of funded futures accounts, choosing the right prop firm can make a big difference in how you trade, grow, and profit. Apex Trader Funding and My Funded Futures are two of the leading firms catering to futures traders, but they differ in key areas: evaluation structure, cost, profit split, platforms supported, and rules around drawdowns and payouts.
Whether you value flexibility and high-funding-potential (as Apex emphasizes) or affordability and simplicity in entry (where My Funded Futures excels), understanding the trade-offs will help you pick the firm that aligns best with your trading style and goals.
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What Is Apex Trader Funding?
Apex Trader Funding is a proprietary trading firm aiming to take a more customer-centric approach to change the trader payout model among prop firms. The company offers a range of accounts from $25,000 to $300,000, allowing you to choose your trading strategy.
Apex Trader Funding uses a one-step evaluation with realistic targets to help you get to a funded account. Focused on growing and empowering traders, Apex Trader Funding works to foster a community of successful traders.
Pros
- Keep your first $25,000 in profits
- 90/10 profit split later
- Single-step evaluation
- Simple rules
- Free real-time data
Cons
- Can only trade futures
- Limited education
- Limited payment processors
What Is My Funded Futures?
Whether you’re a beginner or experienced trader, My Funded Futures might be the prop firm you’re looking for if you want to trade large positions in the futures market without putting your own money at risk.
My Funded Futures presents an accessible path for beginners and experienced traders to get funded. The prop firm offers funded futures trading if you can successfully demonstrate trading and risk management skills in a one-step evaluation.
Pros
- Keep your first $10,000 in profits
- 90/10 profit split the rest of the way
- Transparent pricing
- An array of supported trading platforms
- Low costs for traders
Cons
- Limited to trading futures
- Lack of educational resources
- Must pay professional data feed costs
Here’s a direct comparison between Apex Trader Funding and My Funded Futures:
| Feature | Apex Trader Funding | My Funded Futures |
|---|---|---|
| Funding Amounts | Accounts ranging from $25,000 to $300,000. | Accounts available at $50,000, $100,000, and $150,000. |
| Profit Split | Keep 100% of the first $25,000 in profits; thereafter, a 90/10 split in favor of the trader. | Keep 100% of the first $10,000 in profits; subsequent profits are split 90/10 in favor of the trader. |
| Evaluation Process | One-step evaluation with realistic targets and no time limit. | One-step evaluation with no time limit to reach profit targets. |
| Trading Platforms | Supports NinjaTrader with Rithmic or Tradovate, among others (14 platforms available). | Offers platforms like NinjaTrader, Tradovate, TradingView, and others. |
| Trading Styles | Allows various trading strategies, including scalping, day trading, and swing trading. | Supports scalping, day trading, and swing trading; prohibits high-frequency and fully automated trading. |
| Payout Frequency | Bi-monthly payouts via bank wire transfer or ACH. | Payouts are available after achieving profit targets, with frequency varying by plan. |
| Pricing | Monthly fees vary by account size; for example, $147 for a $25,000 account on Rithmic. | Monthly fees start at $97 for a $50,000 account under the Starter plan. |
| Educational Resources | Provides educational resources, including a free 30-day course and one-on-one coaching. | Limited educational resources are available. |
| Data Fees | Offers free real-time data. | Requires payment for professional data feeds. |
In summary, Apex Trader Funding offers higher initial profit retention and supports a broader range of trading strategies, making it suitable for traders looking for more flexibility and higher funding amounts. My Funded Futures provides a straightforward evaluation process with transparent pricing, which is appealing if you’re looking for simplicity and faster funding.
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Apex Trader Funding is a proprietary trading firm that gives traders access to firm capital after completing a one-step evaluation. Known for its generous profit split, wide range of account sizes (from ~$25,000 up to ~$300,000), and flexible rules (no daily drawdown in many plans, ability to trade holidays or news events), it aims to remove many of the common roadblocks in prop trading.
However, along with its strong benefits come trade-offs: monthly fees, strict risk and drawdown rules, occasional complaints about payout denials or rule changes, and other elements that require careful reading. In this review, we’ll explore how Apex works, what it offers, what to watch out for, and whether it’s a good choice for different types of traders.
Best For
- Beginner future traders looking to gain experience, knowledge, and access to trading resources
- Experienced traders seeking access to capital or funding to explore the futures market and maximize profitability
- Active day traders seeking flexibility regarding trading strategies and the ability to spread risk across multiple accounts
- Futures day traders seeking prop firms with simplified risk management strategies and minimal trading complications
- Prop traders seeking consistent income streams and value prop firms with regular payouts
- Streamlined one-step evaluation
- Excellent profit split or payout
- Two payouts per month
- No total cap on the maximum payout
- Relaxed trading rules and allows holiday and news trading
- Solid reputation across the board
- Considerably cheaper than most other prop firms, they often offer deals, for $18 you can get $50k accounts (normally $37)
- No daily drawdown and scaling restrictions
- Simplified risk management strategies
- Available in over 100 countries
- No daily profit targets
- Trade on your schedule – no consecutive trading day rules
- Allows you to copy trade up to 20 accounts
- Only supports future tradings
- Doesn’t support cross session trading
- You can’t flip the account over 20% and can’t trade news
Futures trading provides investors and speculators an excellent opportunity to hedge and minimize portfolio risk while profiting from commodity price fluctuations. However, futures are complex instruments and like all speculative markets, they’re inherently risky. Suppose you’re a beginner or experienced investor seeking robust capital to optimize your futures trading strategy and build wealth via efficient risk management. My Funded Futures (MFFU) is your go-to prop firm to help you actualize your dream. Proprietary trading firms provide prop traders with the capital and software resources required to excel in the financial market for a share of the trader’s profits.
Unlike most prop firms, MFFU not only grants you access to capital, trading resources and risk management tools but also provides you with the expert guidance needed to navigate the complexities of the futures market and enhance your returns. Besides its straightforward one step evaluation, MFFU’s transparent and affordable fees, solid payout ratios, fast withdrawal and efficient customer support solidify it as one of the best futures trading prop firms. The company offers you access to multiple cutting-edge trading platforms and the potential to manage up to $600,000 in capital and generous profit splits (up to 90%) make it attractive for both beginners and experienced traders.
Best For
- Undercapitalized and beginner futures investors or traders seeking accessible trading capital and requisite resources to kickstart futures trading
- Experienced and seasoned futures investors or speculators seeking robust capital to optimize their futures trading strategies and maximize earnings
- Futures prop traders seeking to take advantage of prop firms offering multiple powerful trading platforms, straightforward one-step evaluation without max or min trading days, free access to level 1 data and generous profit payouts
- Initial profits up to $10,000 beyond the buffer zone are entirely yours, followed by a generous 90% profit split after that
- Straightforward and single-phase evaluations with relaxed rules, including no minimum or maximum trading days and no daily loss limit
- Transparent pricing, including activation and reset fees — unlike other prop firms, MFFUs is very upfront about its charges, and there are no hidden fees
- Round-the-clock and efficient customer support via multiple channels
- Multiple cutting-edge trading platforms (Tradovate, TradingView and NinjaTrader)
- Supports multiple futures trading assets across multiple futures exchanges or clearing houses, including CME, CBOT, COMEX and NYMEX
- There are no scaling and consistency rules for the Expert account
- Lower all-in costs for traders and flexible evaluation timeframe
- Few to no educational resources to enhance learning, especially for beginner futures traders
- Consistency and scaling rules on the Starter model can be restrictive
- It does not support EA, automated trading strategies or copying
Comparing Apex Trader Funding vs. My Funded Futures
Apex Trader Funding and My Funded Futures are considered premier futures trading prop firms. When comparing Apex Trader Funding vs. My Funded Futures, it helps to take a closer look at what they offer.
Features
Apex Trader Funding allows you to use any trading strategy and trade up to 20 accounts. The platform provides tools to copy and automate trades, trade multiple accounts with a single click, and more. The prop firm also provides educational resources. You can get answers from the help center, through email support, and by telephone from customer service from 9 a.m. to 5 p.m., Monday through Friday.
My Funded Futures allows several types of trading – scalping, day trading, and swing trading – but the prop firm prohibits high-frequency and fully automated trading. You can trade up to 10 live accounts.
My Funded Futures provides trading resources and risk management tools, and the supported trading platforms offer access to analytics and charting tools. A frequently asked questions section provides answers and live chat is available 24/7. However, no telephone support is available.
Payments
At Apex Trader Funding, you can pay for your accounts with Visa, Mastercard, or Discover. The prop firm offers payouts twice a month via bank wire transfer or automated clearing house (ACH).
My Funded Futures primarily accepts credit or debit cards for payments. Payouts depend on your account type. A Starter account allows payouts after five winning days. With an Expert plan, you can request a payout every 14 days. You must sign up for a Rise Works account to receive a payout.
Pricing
Apex Trader Funding provides several funding amounts to choose from, trading on either Rithmic or Tradovate. Here are the monthly fees and capital amounts for a Rithmic account:
- $147 for $25,000
- $167 for $50,000
- $187 for $75,000
- $207 for $100,000
- $297 for $150,000
- $517 for $250,000
- $657 for $300,000
- $137 for a $100,000 static account
On Tradovate, you can pay the same monthly fee as a Rithmic account for each capital amount from $25,000 to $100,000, and the $100,000 static account. However, the monthly fee drops to $167 per month for $150,000 to $300,000 with a Tradovate account.
Once you have passed your Evaluation Account, you pay a fee to move to the paid Performance Account. That fee is $85 per month (or a one-time fee from $130 to $340) for a Rithmic account or $105 per month (or a one-time fee from $150 to $360) for a Tradovate account.
My Funded Futures offers three levels of accounts: $50,000, $100,000, and $150,000. The $50,000 account is available across three plans for a monthly fee. The Starter plan is $97, the Expert plan is $227, and the Starter Plus plan is $127. A fourth plan, the Milestone, is available for a one-time fee of $445.
The Starter plan is not available at $100,000 and $150,000. The Expert plan costs $344 and $477 per month, respectively, and the Starter Plus plan costs $267 and $377 per month, respectively. The respective one-time fees for the Milestone plan are $555 and $665.
You don’t pay an activation fee on My Funded Futures.
Trading Platforms
The preferred trading platform on Apex Trader Funding is NinjaTrader with Rithmic or Tradovate. You have free access to Rithmic RTrader Pro, and Tradovate can only be used on Tradovate web or mobile, TradingView, or NinjaTrader (desktop or mobile).
My Funded Futures supports seven trading platforms, giving traders choices that align with their trading styles. These platforms are NinjaTrader, TradingView, Volsys/Volbook, Tradovate, Volumetrica, ATAS, and Quantower.
Funding Programs
Apex Trader Funding and My Funded Futures feature a one-step evaluation with no time limit. On My Funded Futures, you can reach the trading profit target in one day. The minimum trading days to reach the target profit on Apex Trader Funding is seven.
Once you pass the evaluation at Apex Trader Funding, you move from an Evaluation Account to a live funded account called a Performance Account. You can trade as often or as rarely as you like.
After passing the evaluation on My Funded Futures, you receive a Sim Funded Account. You are required to trade at least once a week. My Funded Futures will monitor your trading for consistency and decide when to move you to a live-funded account.
Apex Trader Funding vs. My Funded Futures: Your Choice
Apex Trader Funding and My Funded Futures are among the top futures funding evaluation firms that traders turn to. Both offer solid opportunities for futures traders to access firm capital, but the right choice depends on your priorities. If you value more flexibility and higher profit potential, Apex may be the better fit; if you want a straightforward, budget-friendly path to funding, My Funded Futures is a strong alternative.
Frequently Asked Questions
Is My Funded Futures legit?
Yes, My Funded Futures appears legitimate, with many traders reporting successful evaluations and payouts.
Is Apex Trader Funding for futures?
Yes, Apex Trader Funding is specifically for futures trading. Their programs allow traders to use futures contracts, such as index futures (e.g., ES, NQ), commodity futures (e.g., CL, GC, SI), currency futures, interest rate futures, and other CME/CBOT/COMEX listed futures.
What is the 30% rule in Apex Trader?
Apex Trader Funding’s 30% rule is a risk management guideline stating that your negative profit and loss on all open trades combined must not exceed 30% of your starting-day profit. The rule prevents traders from taking on too much risk that might wipe out their gains.
The post Apex Trader Funding vs. My Funded Futures by Sarah Edwards appeared first on Benzinga. Visit Benzinga to get more great content like this.
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