A look at Apex Trader Funding vs. My Funded Futures compares two of the best futures prop firms. Whether you’re short on cash or just want to trade with someone else’s money, you can earn a futures-funded account on either platform. If your goals are to trade and get paid, consider this comparison of Apex Trader Funding vs. My Funded Futures to see if either prop firm fits your trading style.
- What Is Apex Trader Funding?
- Pros
- Cons
- See All 14 Items
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
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 traders turn to. Now that you see how Apex Trader Funding vs. My Funded Futures compare, you might understand how one fits better with your trading and goals.
Frequently Asked Questions
Does My Funded Futures pay out?
My Funded Futures allows you to keep the first $10,000 you earn in profit, with a 90/10 split afterward. On the Starter plan, you can request a payout after earning a five-day profit. On the Expert plan, you can request a payout every 14 days when you’re above the buffer for your account size.
Who owns Apex Trader Funding?
Darrell Martin, a rancher and day trader, founded Apex Trader Funding in July 2021 in Austin, Texas. Martin is the chief executive officer.
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.
About Sarah Edwards
Sarah Edwards is a finance writer passionate about helping people learn more about what’s needed to achieve their financial goals. She has nearly a decade of writing experience focused on budgeting, investment strategies, retirement and industry trends. Her work has been published on NerdWallet and FinImpact.