Apex Trader Funding is undergoing significant changes with major infrastructure upgrades and new practices. These updates aim to enhance the trader experience while complying with market regulations. Here’s a quick overview of recent developments that are shaping the future of funded trading at Apex Trader Funding.
Technology and Team: A More Responsive Service
Apex understands that to better serve you, it was essential to strengthen their technology and team. Here’s what’s new:
- New Tech Team: A new tech team has been set up, with a complete overhaul of the backend interface to make the platform faster and more stable.
- Enhanced Customer Support: Apex has hired 100 new agents to help you get quicker responses, improving your support experience. No more endless waiting for problem-solving.
CME Regulation: Stricter Rules to Follow
The CME (Chicago Mercantile Exchange) is now imposing stricter rules for platforms like Apex. Here’s how it impacts you:
- Live Account Requirement: The CME requires more accounts to transition to live trading to generate real market volume.
- End of ‘Earn and Burn’: These new rules aim to put an end to practices where traders maximize gains on simulated accounts and then abandon them before starting over.
- Apex Compliance: Apex has already submitted a 30-page document to the CME to ensure all new regulations are met. The goal: getting you ready for live trading.
Apex’s Strategic Moves: Transitioning to Live Accounts
Apex is taking concrete steps to guide you towards successful live trading:
- Transitioning Consistent Traders to Live Accounts: If you show consistency in your performance, you’ll be quickly moved to a live account.
- 30-Day Probation: Apex has introduced a probation period to ensure you have the skills and discipline to perform over the long term. After 30 days, if you follow the rules, you’ll trade live without issues.
Bond Futures Suspension: A Technical Glitch to Fix
Bond trading has been temporarily suspended, and here’s why:
- Exploiting a Technical Loophole: Some traders found a way to manipulate prices in simulated accounts, skewing trading results.
- Bonds Will Return After Correction: Apex decided to temporarily suspend bond trading while they work to fix the issue. Once corrected, you’ll be able to trade bonds again.
Probation and Conditions: Stabilize Your Account for a Strong Future
To avoid accounts being burned quickly, Apex is reinforcing probation conditions:
- Mandatory $2,600 Cushion: During your probation period, you’ll need to maintain a minimum balance of $2,600. This ensures you manage your risk well and don’t lose your account too fast.
- End of Probation: After 30 days of consistent trading, Apex will lift your probation, allowing you to trade more freely and aim for bigger gains.
Conclusion: A Bright Future with Apex Trader Funding
Apex Trader Funding is preparing you for a strong future in live trading, focusing on regulation, transparency, and consistency. The goal? To gather thousands of live traders generating millions of dollars each month. If you’re looking to develop your skills sustainably and responsibly, now is the perfect time to join the Apex community.
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