Apex Fund Review
Apex Fund is a global fund administrator that offers single-source solutions for investment managers. It serves clients with 23 offices around the world. Its services include middle and back office administration, complex derivatives, risk reporting, corporate secretarial administration and more.
The company has backing from sports stars including Formula 1 driver Lando Norris. It will invest in businesses that bring more technology to sports.
It is regulated by the Financial Conduct Authority (FCA)
The FCA has stepped up its efforts to combat misleading financial promotions and unauthorized firms. Last year, it canceled the licenses of more than 1,200 firms that did not meet its minimum authorization standards. This is double the number of firms it revoked the previous year. This trend is a concern to investors, Finance Magnates reports.
Founded in Bermuda in 2003, Apex Group provides global fund administration services for asset managers, capital markets, private clients and family offices. It offers single-source solutions through establishing the broadest range of industry capabilities, including fund services, digital onboarding and bank accounts, custody, depositary, super ManCo and corporate services, as well as a pioneering ESG Ratings and Advisory solution.
The partnership brings together Flow’s best-in-class investor lifecycle management platform with Apex Group’s comprehensive industry expertise and streamlined fund operations. Together, they will help to reduce costs and deliver a better investor experience. The agreement also leverages Bloomberg’s high-quality, standardized and reliable data sets to streamline investor reporting, simplifying and supporting pre-trade compliance and portfolio and risk monitoring.
It offers a demo account
Apex Trader Funding has been growing rapidly, and is now bigger than all other funded trader firms combined in accounts funded. The firm has a clear process to identify talented traders, and offers both full and partial funding.
The firm also provides lifetime Price Action (PA) options, which can give you the stability you need to become a consistent winner. You can manage up to 20 PA accounts at once, and you can use any trading platform you like.
Apex Trader Funding has a YouTube channel, but their content is rather stale. They only have 391 followers, but they’ve been active since 2021. They’ve posted 58 videos, with the most popular one receiving over 8,100 views. In addition, the company has a Twitter account but doesn’t regularly tweet. This is unusual for a prop firm, as many successful traders are very active on social media. They might be missing out on potential revenue by not posting often enough.
It has a minimum deposit
Apex Fund is a trader funding company that offers simple, straightforward trading opportunities. Unlike other funded trading companies that offer too many hoops to jump through, Apex Fund takes the best features from various trader funding programs to create a simple offering that does not add any unnecessary barriers to trading.
Traders are required to close all trades by 5:00 PM ET (some markets may close earlier). Traders must not be long in one account and short in another. They are also not allowed to use directional, straddles or strangles, or ride the initial news burst.
Traders at Apex Fund can manage up to 20 PA accounts at a time, which is a huge advantage for experienced traders looking to diversify their strategies. Additionally, traders can keep the first $25k in profit 100% to themselves, which is a significant change from other prop firms that require you to split profits once you hit that amount of profitability.
It has a minimum payout of $250
After the last update in December, Apex Trader Funding now allows funded traders to withdraw up to 100% of their first $20,000 in profit, as long as their account stays above the minimum balance. However, there is a minimum of 10 trading days between payout requests. This new rule applies to both new and existing accounts.
The company also has two different withdrawal periods for their traders, from the 1st to the 5th and from the 15th to the 20th of each month. This helps traders plan their finances and avoid having to pause their trading activities for too long.
In addition to offering a variety of payment options, Apex also offers tax-related support for its traders. This can be a big help for beginners and experienced traders alike. However, it is important to note that any investment carries risk and should be done carefully. Therefore, it is best to consult a professional accountant for tax-related questions.
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