Menu

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Anyone trading with a Prop firm 6 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

Quoting montygoldy
My take on APEX....... Opinion - 1. Need to build threshold - then payout afterward profits (I have personally no issue with that but it'll hurt apex alot as its their main USP otherwise why would anyone pay for intra trailing drawdown firm as there are so many offering End of day which are cheaper as well) 2. They are becoming similar to Elitetraderfrunding/bulenox kinda firms too many rules to work with to get a payout..... whereas the industry is moving in the other direction making things simpler. THey should have taken pointers from topstep/mffu.....
See that similar, their USP is gone now. Because you need not to make $52600 on $50k funded to get your payout as before. To get $2k payout you need to make now $54600 which is much more work and more difficult of course to achieve aswell you have more no flipping days so you need to have much more positive trading days.
Quoting montygoldy
{quote} Elitetraderfudning also giving 20 accounts in their new promotion... the thing is 20 accounts not gonna keep them apart from rest of competition... In my eyes now they are not leaders anymore just any regular firm..... Their hype gonna die soon if they keep on this path.... Thats my 2 cents...
Just beware Elitetraderfunding may be scammy. They have overall 18% 1 star reviews on Trustpilot. By far too many complaints to be good replacement for Apex.
Fasttracktrading now even more scammy, with 40% of 1 star reviews among all reviews in the last 30 days. They are not paying out anymore. Huge $4 million backlog!
Quoting Stoneyrocks
{quote} which copier do you use , if any ?
I do not use. I have a trading station and i don't need speed.
Quoting TrAndy1
{quote} Just beware Elitetraderfunding may be scammy. They have overall 18% 1 star reviews on Trustpilot. By far too many complaints to be good replacement for Apex. Fasttracktrading now even more scammy, with 40% of 1 star reviews among all reviews in the last 30 days. They are not paying out anymore. Huge $4 million backlog!
yea by no means i am promoting elite over apex… just for the sake of comparison
Extreme gut feeling trader
  • #43,445
  • Quote
  • Edited 12:49pm Oct 21, 2024 12:30pm | Edited 12:49pm
Quoting TrAndy1
{quote} Just beware Elitetraderfunding may be scammy. They have overall 18% 1 star reviews on Trustpilot. By far too many complaints to be good replacement for Apex. Fasttracktrading now even more scammy, with 40% of 1 star reviews among all reviews in the last 30 days. They are not paying out anymore. Huge $4 million backlog!
Not paying anymore ? 28 minutes ago the latest…. Only a silver medal
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_1140.jpeg Size: 448 KB
Quoting Stoneyrocks
{quote} Not paying anymore ? 28 minutes ago the latest…. Only a silver medal{image}
They said they have incoming payout requests totalling $400k PER DAY. So if they payout 1.4 million per week, this is half of them. And there is $4 million backlog too.
  • #43,447
  • Quote
  • Edited 1:16pm Oct 21, 2024 12:54pm | Edited 1:16pm
Quoting TrAndy1
{quote} They said they have incoming payout requests totalling $400k PER DAY. So if they payout 1.4 million per week, this is half of them. And there is $4 million backlog too.
So they are paying but not enough to catch up

Scott said in the discord that their bank Chase has a limit on the amount they can send because they are a new company
Quoting Stoneyrocks
{quote} So they are paying but not enough to catch up Scott said in the discord the their bank Chase has a limit on the amount they can send because they are a new company
...good excuse. So the backlog must grow and grow. There will be plenty of happy traders then. At least their base of funded traders with requests is growing.
[quote=montygoldy;15035403]My take on APEX....... Opinion - 1. Need to build threshold - then payout afterward profits
it’s a two-step challenge with a 30% cap
NO.THANK.YOU.
  • #43,450
  • Quote
  • Edited 1:51pm Oct 21, 2024 1:37pm | Edited 1:51pm
[quote=EF-Hutton;15035563]
Quoting montygoldy
My take on APEX....... Opinion - 1. Need to build threshold - then payout afterward profits it’s a two-step challenge with a 30% cap NO.THANK.YOU.
Yep, you got it. The effort on funded is twice now. It does not make any sense to join Apex now. If anyone can do little math, that one must prefer personal account. But there are plenty of other futures props and that base is growing and growing. Every new week there is at least one new futures prop. And the best is, when Apex is going downhill, what you can expect ? At least this is sure with their current new offer on the new rules. It means that there will be soon a mismatch between payout requests and less incoming fees from new bought challenges. And that can turn them to bankruptcy. We have seen how fast it can go, see TheFundedTrader Angelo.

You can expect now that the Apex cycle will break anytime soon. And then it can be too late for them. Once the Ponzi wheel goes downstairs nobody can stop it. The ever cycle of incoming challenge fees versus outgoing Payouts is a thing margin. And it is huge so they cannot just give CEOs own money. Apex should be history then.

I think they have a chance as long as the stone is falling slowly especially at the beginning of these new rules. If they do not change them again within 4 weeks, I see black or red to them. Then it will be too difficult after some months to stop the faster and faster falling stone or avalanche downhill. Will see how smart their C's are.
Now that every firm is essentially a two-step challenge, stage 1 pass eval, stage 2 do it again by building a buffer......I would have to say takeProfit is by far the best choice due to daily payouts and no payout cap. The others, despite having to pass eval AND build a buffer are still capping atleast your initial payouts.
Quoting pipmaster77
Now that every firm is essentially a two-step challenge, stage 1 pass eval, stage 2 do it again by building a buffer......I would have to say takeProfit is by far the best choice due to daily payouts and no payout cap. The others, despite having to pass eval AND build a buffer are still capping atleast your initial payouts.
There is cap if you make 5K they may put you on live. Problem with live account is you need to again trail till withdrawal threshold...So best is make 100-200$ withdraw daily
Quoting sampat
{quote} There is cap if you make 5K they may put you on live. Problem with live account is you need to again trail till withdrawal threshold...So best is make 100-200$ withdraw daily
Yeah, the math is making less and less sense vs. a personal account....especially if you're trading micros.
  • #43,454
  • Quote
  • Edited 2:21pm Oct 21, 2024 2:03pm | Edited 2:21pm
Quoting pipmaster77
Now that every firm is essentially a two-step challenge, stage 1 pass eval, stage 2 do it again by building a buffer......I would have to say takeProfit is by far the best choice due to daily payouts and no payout cap. The others, despite having to pass eval AND build a buffer are still capping atleast your initial payouts.
And that 2 step is serious a hard challenge by any means. First you need to do like 1.2 times the drawdown and then again 1 time the drawdown. To translate to normal CFD challenges with 10% drawdown. First you need to do 12% and then again 10% before (!) you can count anything to profits. So 22% profit to 10% MDD, it can't be worse. And the best is you have a suck trailing Drawdown that will cost your nerves on any tick going against you. I do not know who has fun still with Apex, I assume the arbitrageurs like always, but then there are plenty of better options now. One must be stupid to milk Apex further before at least not going to milk many other ones.
Quoting pipmaster77
Now that every firm is essentially a two-step challenge, stage 1 pass eval, stage 2 do it again by building a buffer......I would have to say takeProfit is by far the best choice due to daily payouts and no payout cap. The others, despite having to pass eval AND build a buffer are still capping atleast your initial payouts.
I like the toptep/mffu ideas of 5 winning days and then you withdraw a capped amount. No threshold nothing + EOD drawdown. Both are fast as well when comes to approval/payout.
If we compare with apex 3.0 now no benefit at all instead intra trailing + threshold. I dont see how apex gonna grow from here..... Instead i am feeling opposite... COz as a PROP customer i dont see any benefit in insvesting my blood sweat dollars into them.....
Now 20 accounts USP is irrelevant as getting to a payout is way harder...
My GUT FEELING is soon apex will see this trend and maybe they'll improve...

As i compared before with ELitetraderfunding/profittrade (alot of new ones), also providing 20 accounts + their challenge is lesser than apex.
Extreme gut feeling trader
Quoting pipmaster77
Now that every firm is essentially a two-step challenge, stage 1 pass eval, stage 2 do it again by building a buffer......
-I would still say that Apex is quasi on this.
as futures market saturates more (there are like 50 new firms coming) you should expect some bankruptcies. Apex i think won't last.
They are really insane. Apex 3.0 in ~1.75 hours of video? Are they sharing a blueprint for building a rocket or what?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 345 KB
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 444 KB
Quoting Takisd
as futures market saturates more (there are like 50 new firms coming) you should expect some bankruptcies. Apex i think won't last.
do you think it will be more catastrophic compared to what happened in the CFD world?
18 traders viewing now, 4 are members:
,
deroty
,
Tobiazzek
,