When selecting a proprietary trading firm for futures trading evaluations, it’s crucial to assess various aspects to determine which aligns best with your trading objectives. Below is a comprehensive comparison between Apex Trader Funding and Tradeify to assist you in making an informed decision.
| Feature | Apex Trader Funding | Tradeify |
|---|---|---|
| Evaluation Process | – One-Step Evaluation: Traders must reach a profit target without breaching the trailing threshold over a minimum of 7 trading days. – Profit Targets & Trailing Thresholds: Vary based on the selected account size. For example, a $50,000 account has a $3,000 profit target and a $2,500 trailing threshold. – No Daily Drawdown: Focuses on overall performance without daily loss limits. | – Multiple Evaluation Programs: Offers ‘Advanced’, ‘Growth’, and ‘Straight to Sim Funded’ programs with varying rules and objectives. – Profit Targets & Drawdowns: Specific details vary by program and account size. For instance, a $50,000 ‘Advanced’ account has a $3,000 profit target and a $2,000 trailing max drawdown. – Daily Loss Limits: Enforced in certain programs to ensure disciplined trading. |
| Account Sizes & Pricing | – Multiple Account Options: Offers various account sizes, such as $25,000, $50,000, and up to $300,000. – Pricing: Monthly fees vary by account size; for instance, a $50,000 account is priced at $147 per month. | – Diverse Account Selections: Provides account sizes like $50,000, $100,000, and $150,000 across different programs. – Pricing: Subscription fees depend on the chosen program and account size; for example, a $50,000 ‘Advanced’ account is available for $99 per month. |
| Profit Sharing & Withdrawals | – Profit Split: Traders receive 100% of the first $25,000 per account and 90% beyond that. – Withdrawal Frequency: Allows two payouts per month. | – Profit Split: Details vary by program; specific information should be obtained directly from Tradeify. – Withdrawal Process: Policies differ across programs; it’s advisable to consult Tradeify for precise details. |
| Trading Rules & Flexibility | – Trading Flexibility: Permits trading during news events and on holidays. – No Scaling Plan: Traders can trade full-sized contracts without scaling restrictions. | – Trading Flexibility: Policies vary by program; certain programs may have restrictions during news events or holidays. – Scaling Plans: Details depend on the specific program; traders should review Tradeify’s guidelines for each program. |
| Fees & Resets | – Evaluation Resets: Offers the option to reset evaluations for a fee. – Funded Account Fees: Details about funded account fees are not specified. | – Evaluation Resets: Provides reset options during the evaluation phase, with fees varying by program. – Funded Account Fees: Activation fees and other charges depend on the selected program; for example, the ‘Advanced’ program has an activation fee of $125. |
| Support & Resources | – Customer Support: Offers prompt support and continuously improves services. – Educational Resources: Provides tools and resources to assist traders. | – Customer Support: Available to assist traders; specific support hours may vary. – Educational Resources: Offers resources such as automated trade journaling to aid trader development. |
Conclusion
Both Apex Trader Funding and Tradeify offer unique advantages. If you prefer a firm with flexible trading rules, no daily drawdowns, and a higher initial profit retention, Apex Trader Funding may be suitable. Conversely, if you seek diverse evaluation programs with varying rules and objectives, Tradeify could be the better choice. Consider your trading style and objectives to select the firm that best aligns with your needs.
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Note: The information provided is based on available data as of February 14, 2025. For the most current details, please visit the respective websites: Apex Trader Funding and Tradeify.
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