Direct Specification Matrix
Apex Trader Funding vs Phemex
Comprehensive side-by-side comparison of rules, prize structures, and trader experiences. Ratings calculated independently using identical public criteria.
Platform Type
prop firm
crypto exchange
Founded Year
2021
2019
HQ Country
US
SG
Tradable Markets
commodities, indices, crypto
crypto
Competition Formats
paid entry, simulated live_data, volume based
volume based, deposit required, free
Entry Barrier / Cost
$30 deposit required
$100 deposit required
Typical Prize Pools
$50,000 – $500,000 USD
$25,000 – $750,000 USDT
Max Leverage
Up to 1:20
Up to 1:100
Regulation Status
Futures Prop Trading Evaluation Firm (Texas US)
MSB (US FinCEN) & AUSTRAC
Payout Track Record
VERIFIED
VERIFIED
Decision Summary: Which Should You Choose?
Choose Apex Trader Funding if:
- • You prioritize commodities, indices, crypto markets.
- • You prefer paid entry, simulated live_data, volume based formats.
- • You have sufficient trading balance to meet deposit requirements.
Choose Phemex if:
- • You trade primarily on crypto.
- • You value volume based, deposit required, free structures.
- • You want access to high volume reward tiers.