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Apex Trader Funding Terms of use

This page outlines the Terms of Use for Apex Trader Funding services. By using our services, you agree to these terms. Read them carefully to understand your rights and obligations.

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Definitions

  • COMPANY: Refers to Apex Trader Funding Inc., its affiliates, agents, employees, and contractors.
  • User/Trader/Customer: Anyone using the Company’s services.

Billing and Payments

Key points:

  1. NO REFUNDS policy.
  2. Billing starts on signup day, continues every 30 days.
  3. Dates may vary by 2-3 days each billing cycle.
  4. Cancellations must be done via website before renewal.
  5. No partial refunds.
  6. Accidental cancellations cannot be reversed.

Eligibility and Agreement

To use Apex Trader Funding services:

  1. You must be 18 years or older.
  2. You agree to read all FAQs before purchasing.
  3. Clicking “Agree” results in a binding agreement.
  4. You certify all provided information is true and correct.

Market Data Billing

  • Extra session or upgraded market depth billing expires monthly.
  • Must be manually renewed each month.

Professional Data Fees

  • $150 extra charge per month if selected.
  • Billed from beginning to end of month regardless of start date.

Risk Disclosure

Trading involves substantial risk:

  1. Potential loss of all or more than initial investment.
  2. Only use risk capital.
  3. Past performance not indicative of future results.
  4. Hypothetical performance results have limitations.

Limitation of Liability

  1. Company not responsible for indirect or consequential damages.
  2. User’s sole remedy is to stop using the service.
  3. Maximum liability limited to amount paid by user for services.

 

Indemnification

Users agree to indemnify and hold Apex Trader Funding harmless from claims arising from:

  1. Breach of Terms of Use.
  2. Submitted materials infringing on others’ rights.
  3. User activities related to Apex Trader Funding services.

Intellectual Property Rights

  1. All content owned by Apex Trader Funding.
  2. Users may not reproduce, distribute, or use content for purposes other than personal viewing.
  3. Submitted content becomes Apex’s intellectual property.

Privacy and Data Protection

  1. Company follows current legislation.
  2. Data may be used for debugging and performance displays.
  3. User information not shared with third parties for marketing.

Compliance and Regulations

Apex Trader Funding’s leverage model complies with:

  1. CFTC guidelines
  2. NFA requirements
  3. Exchange-specific rules

Independent Contractors

  1. Customers are independent contractors, not account holders.
  2. Initial trading occurs in simulated funding environment.
  3. Payouts based on simulated account performance.

Technology Costs

Users responsible for:

  1. Equipment for internet access.
  2. Software for connecting to products.
  3. Internet connection costs.
  4. Data fees for live market data.
  5. Transaction costs and platform fees.

Termination

  1. Apex Trader Funding may discontinue service at any time.
  2. Users may terminate by ceasing to use the service.
  3. Termination does not relieve users of intellectual property obligations.

Governing Law and Jurisdiction

  1. Terms governed by laws of Texas, USA.
  2. Users agree to personal jurisdiction in federal and state courts in Wise County, Texas.

User Reviews

  1. John D., Experienced Trader:
    “Apex Trader Funding’s terms are straightforward and fair. The contract-based system is clearly explained, and the profit split is generous. I appreciate the transparency regarding risk disclosure and technology costs.”
  2. Sarah M., New Trader:
    “As someone new to futures trading, I found Apex’s Terms of Use comprehensive yet understandable. The detailed explanation of account types and trading rules helped me make an informed decision before signing up.”
  3. Michael R., Long-term Customer:
    “I’ve been with Apex Trader Funding for over a year, and their adherence to the terms has been consistent. The clear guidelines on payouts and the multiple platform options have made my trading experience smooth and reliable.”

Emerging Issues

  1. Cancellation Policy Concerns
Some users have expressed confusion about the no-refund and no-reactivation policies for cancelled accounts. Solution: We’ve added a confirmation step in the cancellation process, clearly outlining the consequences of cancellation. We’ve also created a detailed FAQ section specifically addressing cancellation scenarios.
  1. Understanding Contract-Based Leverage
Traders transitioning from traditional brokers sometimes struggle to understand our contract-based leverage system. Solution: We’ve developed an interactive tutorial explaining our leverage model, comparing it directly to traditional systems. This tutorial is now part of our onboarding process for new traders.
  1. Clarity on Simulated vs. Live Trading Environments
There has been some confusion regarding the transition from simulated to live trading environments. Solution: We’ve updated our Terms of Use to more clearly define the simulated funding environment and the conditions for transitioning to live trading. We’ve also added a progress tracker in user dashboards to show their current status and next steps.

FAQ

Unfortunately, once an account is cancelled, it cannot be reactivated. You would need to create a new account. To prevent accidental cancellations, we’ve implemented a confirmation step in the cancellation process.

Our contract-based system sets position limits based on account size, rather than using fixed leverage ratios. This approach allows for more flexible risk management and clearer position sizing. We provide a full explanation and comparison in our leverage model tutorial, available in your account dashboard.

Initially, trading occurs in a simulated funding environment. The transition to a live environment depends on your performance and adherence to our trading rules. You can track your progress and status in your account dashboard. Once you meet the required criteria, we’ll notify you of the transition to live trading.

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