Prop Firm Hub | Page 1576 | Forex Factory

Options

Go to
Permalinks
Print Thread

Featured US Prop Firms

Similar Threads

Anyone trading with a Prop firm 31 replies

So I accepted a Prop Trading job in South Beach Miami 44 replies

prop firm new model - my trading journey 871 replies

Attachments: Prop Firm Hub
Exit Attachments

Prop Firm Hub

  • #31,501
  • Feb 23, 2024 6:04am Feb 23, 2024 6:04am
I follow Apex on facebook. People just got paid today (yesterday for you guys) for the Feb 1-5 withdrawal request. That’a long wait.
On their FAQ, it says there are 2 withdrawal request days 1st-5th of the month, paid on the 15th. And 15th-20th, which is paid at the end of the month.
You need to have traded 10 days before you can request for a payout and make sure 1 trading day profit is less than 30% of your total profit.
  • #31,502
  • Feb 23, 2024 6:08am Feb 23, 2024 6:08am
Quoting Contessa22
I follow Apex on facebook. People just got paid today (yesterday for you guys) for the Feb 1-5 withdrawal request. That’a long wait. On their FAQ, it says there are 2 withdrawal request days 1st-5th of the month, paid on the 15th. And 15th-20th, which is paid at the end of the month. You need to have traded 10 days before you can request for a payout and make sure 1 trading day profit is less than 30% of your total profit.
Yes the rules are atrocious and futures aren't the solution to the problem with eval props. Its interesting none the less, reminds me of old arcade days but easier than back then. You used to have to sim for 6 months to even get a wiff of getting paid 20 years ago.
  • #31,503
  • Feb 23, 2024 6:15am Feb 23, 2024 6:15am
Quoting Takisd
{quote} Yes the rules are atrocious and futures aren't the solution to the problem with eval props. Its interesting none the less, reminds me of old arcade days but easier than back then. You used to have to sim for 6 months to even get a wiff of getting paid 20 years ago.
Maybe rules will become softer if new pirates come to the arena
  • #31,504
  • Feb 23, 2024 6:15am Feb 23, 2024 6:15am
Quoting Boulder
{quote} how do you manage the trailing DD in your accounts?? I assume tight stop loss , not over leverage
Part of your strategy, stop loss is, be, it should be where it should, you change not it according to 'externals' like trailing. Decrease leverage, you must. Yes, hmmm. - Yoda
  • #31,505
  • Feb 23, 2024 6:18am Feb 23, 2024 6:18am
Quoting Capablanca
{quote} Maybe rules will become softer if new pirates come to the arena
I don't think so. I also am seeing some anomalies on the feed, not sure on the source but its not matching another account I have which as exchange membership (multi asset broker). Also the level 2 data is less than to be desired. I think this model will fund you real money as an a-book but its also extremely likely a retail trader will fail. More than eval props.

If you take this approach where you are going the real money route and not data monetization, you cannot loosen too much more unless the subscription price is significantly larger.
  • #31,506
  • Feb 23, 2024 6:18am Feb 23, 2024 6:18am
Quoting Boulder
{quote} how do you manage the trailing DD in your accounts?? I assume tight stop loss , not over leverage
That depends pretty much on your trading style (I don't trade frequently so my stops are large and positions are small).

What I think it's useful is to think in Apex as a 2 phase challenge and not just as a 1 step.
Phase 1 is to pass the evaluation
Phase 2 is to get the trailing stop to the starting point (+100).
  • #31,507
  • Feb 23, 2024 6:40am Feb 23, 2024 6:40am
Guys in Apex if i withdraw like in 50k the 2,600$ i can only withdrawal 2000 and my account stays at 50600 balance leaving with only 600 drawdown?

Example: In a $50k account, if your balance reaches $52,000, you CANNOT request a payout. Your balance must be at least $52,600 in order to request a payout. If you have a $50k account and the balance reaches the minimum required balance of $52,600 to request a payout, you can request up to a $2,000 payout, leaving your balance left of $50,600. Remember, your balance cannot go below $50,100 in this example without "failing" the account. You ARE able to take out that amount, but you would leave yourself with only $500 in drawdown room.
  • #31,508
  • Feb 23, 2024 6:44am Feb 23, 2024 6:44am
If i trade and make the 50k go to 5500 and withdraw 3000 my drawdown left in left at 50100 right?
  • #31,509
  • Feb 23, 2024 6:45am Feb 23, 2024 6:45am
Hahaha the more i read it the more its such a scam.
  • #31,510
  • Feb 23, 2024 6:50am Feb 23, 2024 6:50am
Yeah 10 minimum days minimum amount to withdraw ect all this is enough to make 95% fail
Does trading micro contracts counts to as a trading day? or need to be normal contract size
  • #31,511
  • Feb 23, 2024 6:51am Feb 23, 2024 6:51am
Quoting Capablanca
{quote} That depends pretty much on your trading style (I don't trade frequently so my stops are large and positions are small). What I think it's useful is to think in Apex as a 2 phase challenge and not just as a 1 step. Phase 1 is to pass the evaluation Phase 2 is to get the trailing stop to the starting point (+100).
thanks. I trade pretty frequently each day. I have to use tight stop.
Regarding to fee, do you pay monthly or one time fee??
Activation fee is $5600 for 20x$150k. I have to reconsider to buy 20 apex accounts as I mentioned yesterday. In forex, I buy one and two account first, and use the profit to buy more accounts. I may have to do the same with this futures accounts
  • #31,512
  • Feb 23, 2024 6:55am Feb 23, 2024 6:55am
Quoting Capablanca
{quote} Maybe rules will become softer if new pirates come to the arena
I am 100% confident Angelo will " revolutionize the industry".
  • #31,513
  • Feb 23, 2024 6:58am Feb 23, 2024 6:58am
Quoting DeltaCapital
Guys in Apex if i withdraw like in 50k the 2,600$ i can only withdrawal 2000 and my account stays at 50600 balance leaving with only 600 drawdown? Example: In a $50k account, if your balance reaches $52,000, you CANNOT request a payout. Your balance must be at least $52,600 in order to request a payout. If you have a $50k account and the balance reaches the minimum required balance of $52,600 to request a payout, you can request up to a $2,000 payout, leaving your balance left of $50,600. Remember, your balance cannot go below $50,100 in this example...
This is exactly why I will stay offshore and with sketchy props. I would rather take that chance than have to deal with this.
  • #31,514
  • Feb 23, 2024 6:58am Feb 23, 2024 6:58am
Quoting DeltaCapital
Guys in Apex if i withdraw like in 50k the 2,600$ i can only withdrawal 2000 and my account stays at 50600 balance leaving with only 600 drawdown? Example: In a $50k account, if your balance reaches $52,000, you CANNOT request a payout. Your balance must be at least $52,600 in order to request a payout. If you have a $50k account and the balance reaches the minimum required balance of $52,600 to request a payout, you can request up to a $2,000 payout, leaving your balance left of $50,600. Remember, your balance cannot go below $50,100 in this example...
That's what Capa means by stage 2. You can take payout and do another eval, either way you essentially flip 4 times to make $4K.
  • #31,515
  • Feb 23, 2024 7:00am Feb 23, 2024 7:00am
Quoting Boulder
{quote} thanks. I trade pretty frequently each day. I have to use tight stop. Regarding to fee, do you pay monthly or one time fee?? Activation fee is $5600 for 20x$150k. I have to reconsider to buy 20 apex accounts as I mentioned yesterday. In forex, I buy one and two account first, and use the profit to buy more accounts. I may have to do the same with this futures accounts
Exactly the way to do it. I built my entire forex prop portfolio starting with 1K at FTMO ( 2*100K). Before they even had a 200K eval.
  • #31,516
  • Feb 23, 2024 7:11am Feb 23, 2024 7:11am
Quoting pipmaster77
{quote} That's what Capa means by stage 2. You can take payout and do another eval, either way you essentially flip 4 times to make $4K.
So i take payout and buy another challenge ?
  • #31,517
  • Feb 23, 2024 7:25am Feb 23, 2024 7:25am
Quoting DeltaCapital
{quote} So i take payout and buy another challenge ?
You can, but then you must pass again and earn $2,600 again. Alternatively, you can pass, build your buffer, and earn 2 cycles of $2,000
So either, 1.pass, 2. earn and WD, 3.pass again 4. earn and WD or
1. pass 2. buffer, 3 and 4. earn and WD
Basically, going through the same hoops to pull the same amont of money. Option 1 involves paying another eval fee. Option 1 also involves dealing with trailing, where option 2 trailing is gone after second "step"
Long story short, option 2 is superior.
  • #31,518
  • Feb 23, 2024 7:29am Feb 23, 2024 7:29am
Quoting Takisd
Hahaha the more i read it the more its such a scam.
I have been observing Apex And my impression is that something is fishy-scammy-ponzi about it.
  • #31,519
  • Feb 23, 2024 7:29am Feb 23, 2024 7:29am
And is allowed to trade micro futures and is counted as trading days too?
  • #31,520
  • Feb 23, 2024 7:30am Feb 23, 2024 7:30am
Quoting Contessa22
{quote} I have been observing Apex And my impression is that something is fishy-scammy-ponzi about it.
Well, he's paid out 100 million, so there's that.....................milk it and fund your personal account. That is basically what we all do here.
Props are not designed to be the long term solution.
66 traders viewing now