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  • #37,121
  • May 30, 2024 11:21pm May 30, 2024 11:21pm
Quoting hayseed
{quote} //------ hey monty..... not so easy for me..... passed the 20 50's but took maybe 2 weeks..... my trade size is 1 micro..... those apex 250's might take a month or more..... no rush..... can't use'em anyway..... just wanted to trade account size like you and boulder..... if my math is correct, should have my 5 topsteps passed in next 10 days..... i use the trailing stop on tradovate to stay out of the trailing drawdown issue.....h
But the thing is activation fees for 250k is valid till 15 June. After that it goes back to normal which is ridiculous prices.
Extreme gut feeling trader
  • #37,122
  • May 30, 2024 11:23pm May 30, 2024 11:23pm
Quoting procrude
I just purchased a $100k Expert Eval on MyFundedFutures. I like it since it does not have consistency rules. {image}
I dont like the promotion at all. they should soon come up with better. Competitors giving 30-50$ challenges. As i said wont spend a penny until there is better offer.
Extreme gut feeling trader
  • #37,123
  • Edited May 31, 2024 1:03am May 30, 2024 11:50pm | Edited May 31, 2024 1:03am
Quoting montygoldy
Alright update time. Activated 20x50k pa today. 1. After ignoring dow for 2 days for too much volatility in asian session. Trying a long for 20 points. Entry is too perfect. If it hits done for today. SL at 5 points loss. EDIT - TP Missed by 1point but closed with profit 2. Topstep having a rough few days 3 days back to back to back losses of 900$ thanks to gold. Thanks to risk management settings my trades auto liquated and blocked for the day when 900$ total loss happens. Still have 1700$ worth of drawdown. Will try to recover next week. {image}...
When dow behaves usual in asian session. 2 setups both winners with minimal to 0 drawdown.
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Extreme gut feeling trader
  • #37,124
  • May 30, 2024 11:59pm May 30, 2024 11:59pm
Quoting montygoldy
{quote} But the thing is activation fees for 250k is valid till 15 June. After that it goes back to normal which is ridiculous prices.
Why not choose just monthly as it makes more sense for any bigger account. One time activation fees for bigger accounts is NO NO...
  • #37,125
  • May 31, 2024 12:32am May 31, 2024 12:32am
Quoting procrude
I just purchased a $100k Expert Eval on MyFundedFutures. I like it since it does not have consistency rules. {image}
$212 per month, 8K profit target, 3K trailing max drawdown, $265 reset fee? Huh, what?

Other than the no activation fee, I'm not feeling it. Good luck though!
Pride always comes before destruction.... -Proverbs 16:18
  • #37,126
  • May 31, 2024 1:03am May 31, 2024 1:03am
Quoting Expo33
{quote} $212 per month, 8K profit target, 3K trailing max drawdown, $265 reset fee? Huh, what? Other than the no activation fee, I'm not feeling it. Good luck though!
I am happy to pay activation afterwards. Coz giving up all the money upfront doesn't guarantee you gonna pass.... Better to go firms with cheaper challenges and activation fees.
Extreme gut feeling trader
  • #37,127
  • May 31, 2024 1:06am May 31, 2024 1:06am
Quoting sampat
{quote} Why not choose just monthly as it makes more sense for any bigger account. One time activation fees for bigger accounts is NO NO...
but if you wanna go safe n secure and longer on bigger accounts its makes sense to go one time. I always buy one time on 50k coz i know i am gonna go slow and steady but there will always comes a day when i become wreckless not this time.
Extreme gut feeling trader
  • #37,128
  • May 31, 2024 1:22am May 31, 2024 1:22am
Quoting montygoldy
{quote} I am happy to pay activation afterwards. Coz giving up all the money upfront doesn't guarantee you gonna pass.... Better to go firms with cheaper challenges and activation fees.
I feel the same. I'd rather shell out a $20 bill to see if I can pass first.
Pride always comes before destruction.... -Proverbs 16:18
  • #37,129
  • May 31, 2024 3:21am May 31, 2024 3:21am
Here is an example with proof. Payout denied because of DCA
p.s. Next time don't shoot the messenger. And this is only 2000. Imagine if you wait to receive payout from 10 or 20PA copytraded. And now what? Maybe this guy will be contacted from their lawyers because of NDA?

Inserted Video
  • #37,130
  • May 31, 2024 3:54am May 31, 2024 3:54am
Quoting fx_rookie
Here is an example with proof. Payout denied because of DCA p.s. Next time don't shoot the messenger. And this is only 2000. Imagine if you wait to receive payout from 10 or 20PA copytraded. And now what? Maybe this guy will be contacted from their lawyers because of NDA? https://www.youtube.com/watch?v=ZR6LUiMj_KA
They just denied payout but he still has the balance and just has to avoid DCA rule
i mean this rule was always there they just wasnt forcing it, if it was with forexs prop scams they would just cancel the account and bye bye
  • #37,131
  • May 31, 2024 4:05am May 31, 2024 4:05am
ESMA about prop trading regulation
https://www.financemagnates.com/fore...g-regulations/
  • #37,132
  • May 31, 2024 4:36am May 31, 2024 4:36am
Quoting Novazor
{quote} They just denied payout but he still has the balance and just has to avoid DCA rule i mean this rule was always there they just wasnt forcing it, if it was with forexs prop scams they would just cancel the account and bye bye
Yeah well, we do not get you money but you go trade more and join the 98% who statistically will lose accounts within month or two )
  • #37,133
  • May 31, 2024 4:58am May 31, 2024 4:58am
Quoting Expo33
Some Reddit clown says that APEX asked him for videos of him actually trading?

Yes; not only that, but they've even changed their rules to make it part of the contract that they can refuse to pay out if you can't produce them.

It's discussed in other forums (but if you mention it here, the Apex fanboy club attack you).


Quoting Expo33
Seems legit.

That's exactly what many people are saying about all Apex's payout refusals.


Quoting Nehemah
it was just a small nitpick for Apex who has denied a lot of payments these times and constantly changing the rules

Careful, or they'll be attacking you, too.


Quoting Stasis
Apex have updated their rules to reserve the right to ask for Zoom meetings and videos of you trading. They also stipulate in their contract that any funds gained in this review period don't get added to your balance. So basically if you're unfortunate enough to have this happen to you, then you'll have to work for free, explaining each and every action you take on your trading platform while having the pressure of them scrutinising you. And if you don't perform at a similar level, then they will assume that someone else was trading for you and...

We've seen this kind of thing again and again with CFD prop-firms approaching the end of the road, who can't pay out.

It doesn't end well.


Quoting fx_rookie
Here is an example with proof. Payout denied because of DCA

There are many. You can understand people being concerned?


Quoting fx_rookie
Next time don't shoot the messenger.

They'll continue to do that. "The gang" sometimes doesn't like to hear the truth.

Over the last year or so that I've been reading this thread, at least 8-10 different "messengers" have appeared in it - including a known expert, a lawyer, a former regulator, several victims of scams, and so on. The problem is that they appear one at a time, and "the gang" has no problem mounting a coordinated attack against each; understandably, they get tired by it and stop posting. So there always appears to be a consensus here, simply because other views/facts/stories/information is instinctively rejected.

At the moment, the situation here, regarding Apex, is a repeat of what people were saying when MyForexFunds got into trouble.

It will be the same with Apex.

In spite of its owner's long scam-history with binary options, "nothing will be his fault." It will all be "crazy, incompetent regulators" and "corrupt courts" and "nanny states" and "government interference" all over again.

But until then, however much evidence mounts up, "the gang" will just deny it.
  • #37,134
  • May 31, 2024 4:58am May 31, 2024 4:58am
Quoting fx_rookie
{quote} Yeah well, we do not get you money but you go trade more and join the 98% who statistically will lose accounts within month or two )
People can just not trade in prop firms if they dont want to follow the rules, if you want to play the game you need to respect the rules
Rules need to exist in prop firms for them to survive, we as traders cant have all in our edge it need too have a balance in props and traders
If we want too play our own rules we can just trade with our money
  • #37,135
  • May 31, 2024 5:05am May 31, 2024 5:05am
Quoting Novazor
if they dont want to follow the rules, if you want to play the game you need to respect the rules

And when Apex suddenly changes the rules retrospectively, so that they can refuse to pay out if you can’t somehow magically produce videos of yourself trading (as they just did), we have to "respect" that, too?!
  • #37,136
  • May 31, 2024 5:38am May 31, 2024 5:38am
Quoting Quickly
{quote} And when Apex suddenly changes the rules retrospectively, so that they can refuse to pay out if you can’t somehow magically produce videos of yourself trading (as they just did), we have to "respect" that, too?!
Yes or you just dont trade with props, rules are in terms when we sign up to prop challenges
If we dont want the drama of payouts rules ect we can just trade our own props, nobody is forcing us to trade props firms
  • #37,137
  • May 31, 2024 5:43am May 31, 2024 5:43am
Quoting Quickly
{quote} Yes; not only that, but they've even changed their rules to make it part of the contract that they can refuse to pay out if you can't produce them. It's discussed in other forums (but if you mention it here, the Apex fanboy club attack you). {quote} That's exactly what many people are saying about all Apex's payout refusals. {quote} Careful, or they'll be attacking you, too. {quote} We've seen this kind of thing again and again with CFD prop-firms approaching the end of the road, who can't pay out. It doesn't end well. {quote} There are...
If these case are everywhere you should not have the least difficult of finding posts, videos, tweets of people making the claim and providing evidence, print screens, etc.

For every forex prop scam that went down we had plenty of evidence, weeks or months before they disappeared. The evidence is still around, if anyone wants to revive history.

However, for Apex you fail to present that. You just keep saying that there are plenty of claims, etc but the only thing we saw was a reddit post 6 months old with zero proof, a futures forum with a thread dedicated to Apex which has no proof of wrongdoing, one or two posts in Trust pilot and nothing else I can remember of.

If there is so many proofs you will have no difficult in presenting those links, for the sake of your arguments. Until then it's obvious that people doubt about what you're saying. It reminds me when Angelo came here to FF selling his BS. He was quickly shoved and gave up after a week or so.
  • #37,138
  • May 31, 2024 5:46am May 31, 2024 5:46am
Yes here is one of their many 'rules' - You can not trade ORB?! WTF??
What is trading all about? It is about finding micro patterns and inefficiencies, then exploit them till they last.
What will be next? Pivot Points, VWAP??
Meanwhile their server has problems on almost daily basis lately, but hey it is not their fault. Of course it is Rithmic's. Interesting why then Topstep and Bulenox traders do not have these issues with their Rithmic servers.
  • #37,139
  • May 31, 2024 5:47am May 31, 2024 5:47am
Quoting Novazor
rules are in terms when we sign up to prop challenges

That’s WRONG. That is NOT what happened. Apex changed the rules RETROSPECTIVELY.

What is wrong with these idiotic people who just won’t acknowledge proven facts that don’t suit their prejudices?!
  • #37,140
  • May 31, 2024 5:48am May 31, 2024 5:48am
Quoting fx_rookie
Here is an example with proof. Payout denied because of DCA p.s. Next time don't shoot the messenger. And this is only 2000. Imagine if you wait to receive payout from 10 or 20PA copytraded. And now what? Maybe this guy will be contacted from their lawyers because of NDA? https://www.youtube.com/watch?v=ZR6LUiMj_KA
I have no time to see of videos that are posted but if the payout was denied for DCA what's his point ? I briefly run the video and he keeps saying they should have handle that differently but I didn't understand what he meant.
DCA is a rule that was there since I remember. What exactly is he demanding ?
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