The truth about making money trading futures without capital using funded account

Recently, the funded account trend has become no longer unfamiliar to Vietnamese trader groups in the US as a series of funds have opened up and created a playground for traders to test their skills with the advertisement “keep all the profits without bearing the losses”. So, is becoming a funded trader as easy as the rumors say and is the above promise true? In this article, Viet Hustler will help readers gain an overview of trading using funded account.

New rules from 10/21:

- No more payout period, trade enough 8 days to withdraw money

- In 8 days need 5+ days with profit over $100

- Must trade to $52,600 to withdraw money, only allowed to withdraw max $52,100

- After 5 withdrawals, can withdraw all money above $52,600

- Average trades not allowed to lose more than 5 wins

- Under $52,600 only allowed to trade half contract

- No more DCA rule, flipping with news trading, feel free

- Not allowed to lose more than 30% of total profit per trade, calculated from $750 (30% of $2,600)

1. What is a Funded Account?

Funded Account, also known as “fund trading”, is a trading account funded by a third-party fund, also called a “Fund”. When you receive a Funded Account, the fund will bear 100% risk on losses and share 90% of profits with you (Apex). To obtain a Funded Account, you usually must pass a test from the fund to prove you can trade and generate profits for the fund. Currently, there are many famous providers offering this type of funded account, but in this article Viet Hustler will delve into introducing Apex Trader Funding - the one currently used by the most traders.

Question: Is this a scam? Why is it so good - win keep 90% lose nothing?

Answer:

This is not a scam, funded trader programs have existed for a long time and are completely legal with the Securities and Exchange Commission (SEC). These programs are real, but not as easy as you think. Passing the test to achieve a funded account and succeeding within the fund's rules is not easy at all, especially for new traders and those trading solo.

2. How to get a Funded Account

Summary:

1. Register demo account costs $60

2. Log in to Apex to get Tradovate account

3. Enter Tradovate and log in with the Apex-created account

4. Earn $3,000 profit on $50,000 capital

5. Pay $100 to activate live account

6. Start making money and receive 100% of the first $25,000 profit

Step 1: Register demo account

First, to participate in the test to obtain the account, you need to purchase a demo fake money account usually priced under $60 for a $50,000 account value. Note there are many account sizes from $25,000 to $300,000, but after some trading experience, Steve recommends the $50,000 account as the most reasonable. Click the link:

Register Apex $50K Tradovate

Register $50K Tradovate account now

As you can see, the $50,000 account is priced at $167/month, however, people usually wait for promotions to register. Currently, Apex has a 71% discount for all new accounts, reducing the $167/month to $60/month. Don't worry about this monthly fee as almost all traders will either pass the test to a live account or fail the test and lose the account in the first month.

Note, Apex is just the fund providing capital for you to trade, not the trading platform itself. Apex offers 2 platform options: Rithmic and Tradovate; Steve always recommends Tradovate for its ease of use and personally feels it's a better platform. To ensure the correct platform and account type, register via the following link:

Register Apex $50K Tradovate

Register $50K Tradovate account now

Then fill in personal information:

Use code STEVELE2024 to always get the highest discount

After agreeing to the terms, click Next and pay. The $50,000 account will cost around under $60 after discount, this is the maximum amount you can lose when you lose the $50,000 account.

Step 2: Receive account

About 5-20 minutes after registering, you will receive an email from Apex confirming that the demo account is ready to use.

Log back into Apex at: https://apextraderfunding.com/ and login using the username and password you just created in step 1 - fill in personal information

After logging in, in the top right corner of the screen you will see the Tradovate account that Apex has opened specifically for you. You must use this account to log into Tradovate and you are not allowed to change the account information. Note, if you want to copy paste the password, you must select “Show Pass”.

Step 3: Log into Tradovate and start trading

There are 3 ways to use Tradovate:

• On Web: Log in directly at https://trader.tradovate.com/welcome

• On Desktop: Download at https://trader.tradovate.com/welcome

• On Phone: Download the Tradovate app from the App Store

Steve advises everyone to trade on computer, web or desktop platform if possible.

For more details on how to set up Tradovate and how to achieve a funded account, you can join the sharing session “What is Future trading? How to make money with low risk using funded account” completely free at 3PM Texas Time on 10/24 on Discord:

Join the sharing session about funded account

Introduction to Funded Account

Step 4: Earn $3,000 from $50,000 capital

As the title at the beginning of the article says, you must trade Future for Apex's funded account type. Simply explained, Future is quite similar to normal stock (share) trading, except each contract has a value movement more than $1. For example, if you buy 1 share Tesla, Tesla goes up $1 you profit $1, but in Future, suppose you buy 1 contract /NQ then when /NQ goes up 1 point, you profit $20.

Future contract, especially /NQ moves an average of 150 points in 1 day so the profit/loss potential in future trading is very large. In this step you can only lose a maximum of $2,500 - that is $47,500 from $50,000 but with extremely difficult rules as follows:

Trailing Live Profit: Apex will trailing stoploss the peak of your account balance during the day. For example, first trade you have profit +$2,600 then your stoploss will be raised to $50,100. Then you don't take profit because you want to push for another $400 to pass the test. Market reverses and account back to $50,100 means lose account. This rule aims to encourage you to take profit frequently and trade with consistent selective profit over many days instead of trading continuously in one day.

“Consistency is the key to success”

Note, if you lose account, you must log into Apex to Cancel account otherwise next month you will still be charged.

Questions:

“What does losing account mean?”

The $60 account you just registered will be locked, you can pay to reset account back to $50,000 but I recommend registering a new account is cheaper than resetting the old account.

“So every time do I have to register a new Apex account?”

No need, you can use the same Apex account and register multiple Tradovate accounts. You only need to use one login of Tradovate that Apex creates and can switch back and forth between multiple accounts.

Register Apex 50K Tradovate

“So best to register multiple accounts right?”

Yes, usually each trader when starting will lose at least 3 accounts before going live, so when there is discount you should register at least 2 accounts because the price is quite cheap.

Register code SAVE71 for 71% discount

“If it's that hard then how to pass the test?”

If you are not experienced traders this can be difficult, however it will be much easier if you trade in a group. This week Dan Steel Trading Club is having event trade future funded account public free for everyone every morning from market open 8:30AM Texas Time, guiding everyone to get familiar with trade future using funded account and participating in live trade.

Join Discord to practice trade future

Join daily free trade Future

Disclaimer: Although Steve operates in the Discord group, this article is mainly educational not promotional. Steve wants everyone to access a new trading form with extremely low risk and not touching personal account. Viet Hustler does not give financial advice and is not responsible for your trading actions.

Step 5: Activate account

After you have $3,000 profit on $50,000 account you just need enough 7 trading days. If not enough 7 days, you just need to open account and enter/exit orders very quickly profit/loss $2 to meet the days.

Then in the evening you will receive an email from Apex with content as follows:

You need:

1. Log into Apex

2. Use the link in the email to pay to activate account with 2 options $100/month and $160 lifetime. Most people choose $160 lifetime package but according to Steve's personal experience, you should choose $100/month if this is your first live money account.

3. Sign contract with Apex

CONGRATULATIONS! YOU HAVE OFFICIALLY BECOME A FUNDED TRADER!

3. How to make money and withdraw money

1. To make money

You will continue using the old Tradovate and Apex account to login. Live account (PA Account) will start again with $50,000. Continue trade as you traded on demo account and earn at least another $2,600. However note, you still have $2,500 stoploss and rules Trailing Live Profit still applies. In addition, you will also have the following notes:

• Consistency: Your daily profit/loss amount needs to be consistent. That is, if you profit $500 one day, then in the following days, if you profit or lose $500, stop. Apex may refuse payout if your account fluctuates too much day over day. Although stated in the contract, Steve has never been denied a payout for this reason.

• Avoidance of event: You are not allowed to trade 1 hour before and after events that cause large fluctuations like FOMC. Profits from trading during this period may be removed. Although stated in the contract, Steve has never been denied a payout for this reason.

2. Withdrawals

Apex allows withdrawals twice a month on the 1st and 15th. To make the first withdrawal, you need to earn at least $2,600 in a $50,000 account and you can withdraw up to $2,000 for the first time. You fill out the form at here to receive money directly into your bank account from Apex.

Question: “Can you really withdraw money? Has anyone withdrawn yet?”

Steve and many others have withdrawn money. The withdrawal process is really fast and straightforward.

3. After the first withdrawal:

Congratulations, you have officially made money from the funded account. After reaching $52,600 and being able to withdraw the first $2,000, Apex will officially remove the Trailing Live Stoploss and your account Stoploss will be permanently at $50,100. You can withdraw unlimited amounts each month on the 1st and 15th; however, your account must never go below $50,100 at any time and you cannot add money to this account. From personal experience, Steve usually withdraws and leaves about $3,000 in there. You will keep 100% of the first $25,000 in profits and 90% thereafter.

Conclusion:

I hope that after this article, you have enough knowledge to start trying with Funded Account. Achieving a funded account and long-term success requires discipline and certain knowledge about securities trading. Apex's rules are quite strict and many people will struggle when starting out, but Steve knows many who have succeeded and created side income without any risk from losses.

Register and start your Funded Trader journey today at:

Link to register for 50K account with 71% discount

For more detailed information, you can join the in-depth introduction session on futures and funded account at 3PM Texas Time tomorrow 10/24 via link below:

Detailed Funded Account Introduction Session

Trade futures with the group for free next week to test your skills with other traders:

Join Discord to trade futures