Apiary fund USA is scam !!!!

I remember in 2010 I got to know about Apiary funds which is operated in US, I was told to pay 600$ and then they also charge around 100$ on monthly basis, they say if you qualify as a trader they will provide funds and you can trade that money.

scam is design in such a way that you never get qualified for real money, and even if you do ( as I got qualified) they give you penny to trade which is not even enough to pay your bills if you are a full time trader.

funda about this scam is to just take 600+100 every month from new bees and keep them hoping to get some great amount of fund to trade.

now when I have a genuine winning strategy and it is working they are not even replying my emails or calling me back.

I will suggest to stay away of this scam, and do not waste your money on them.

You got "qualified" and they didn't fund you?? Can you clarify what you are trying to tell us here?
I believe you start out with a $1000 funded account. You must remain profitable and trade conservatively for "x" amount of weeks, then you move on to the next level. I believe it's 12 weeks of trading in profit, while obeying the rules, you then move to the next level $2500, $5,000, $10,000 and so on.


How long have you been consistent with your "genuine winning strategy"? The minimum requirements are stated on their site. Can you or did you meet their requirements?

Some trading companies want you to put out quite a bit of money to trade on their floor (more companies allow remote traders now). It is not unheard of for traders to pay for a technology fee. $97/mth can be easily achieved with high probability trades for their fee. Of course, you making a living off a small account won't be possible.

I'd like to read your answers to the questions above. There isn't much on Apiary online.

Apiary fund is a proprietary trading firm and we train our traders from the ground up. Apiary Fund gives you the opportunity to learn how to become a money manager. You learn a new skill to add a new source of income; The Apiary Fund gains a new trader to diversify the fund’s risk and grow steadily. We do charge for the education, but we do it at our cost.

Focusing on real life trading and top-notch instruction, the Apiary Trader Development Program is the most effective way to learn how to become a successful trader. We have been in business since Jan 2011. You can go to our forum and see what people are saying about us who are in the program. Traders practice with real tools. Each participant is given a virtual forex account which looks and acts just like the real thing. We track your progress with access to your personal account analytics, you can see what you do well and where you can improve. Know exactly how you are trading as you work toward a funded account. Associates aim to have more winning trades than losing trades, greater average winning trades than losing trades, and to never overallocate their leveraged funds on any single trade. The personal trading statistics shown on the site let you see what to focus on to reach those goals. Get paid to trade by completing the internship training and meet the goals of your virtual account, you can qualify to trade a live funded account. It’s trading with other people’s money. Accounts start at $2,500 and there is no “risk deposit.” When you make a profit, you keep 60% and 40% goes back to the fund. As you consistently do well, you can qualify for larger account sizes and larger payout percentages, up to 85%.

If anyone has questions they are free to contact Nate. My contact information is on the Apiary fund website.

I disagree with Dark force comments, it seems that some information does not represent truth story with apiaryfund .
I am here to share my experience with Apiaryfund.

I am retailer trader more than 10 years, and trading stock and forex, I am also programmer, and create many EA for MT4 and trade with different broker - Interactive broker, FXCM, alpari, go market and Comex Pro.
when I received invitation from one of my friend in Feb 2015, and apiaryfund will provide fund for trader to trade and trade does not need to use their own money to trade, I cannot believe it. as common sense, who will give money to someone who you do not know to trade it, it is too much risk.
I have so many doubts before I attended their first Presentation, Apiaryfund provided detail information how Apiaryfund work, how trader can be part of apiaryfund fund trader, and also mention that, you need to pay for $99 per money for technology free in front and let trader know that is cost. however, if you are really want to be part of apiaryfund group , you can join as member and one time member fee is $1000, after that, your monthly fee will be $29 (it is $25 now), Do not forget this $29 cost can be easily cover by profit.


I decided to try it out, i join apiaryfund with monthly fee $99 in March, and start to trade with apiaryfund MT4 platform, because i have already created several profit EA on MT4. I have fulltime job, and do not have time to trade all day alone. these MT4 EA help me to trade news and scalpler trader.

Apirl 2015, my simulate acccount is negative, and then start positive next 100 trade, and avg profit is great than Avg lost, and control risk properly, I traded on Apiaryfund simulate acccount about three month and my strategy worked very well, finally, I meeted with Apiaryfund manager to review my strategy, Risk manager is satisified with my performance, and put me into prefund demo $2500 to test two more weeks, and i am luckily to have get prefund simulate $2500 profit within two week and stats is pretty good.

I was funded in Auguest 2015, and I keep trading well and my acccount is promoted to high level every three consective profit.

my experience is pretty good with apiaryfund, apiaryfund team love to help new trader to growth and also apiarfund communnity member is helping each to grow.

If you are real forex trader and good trading strategy and risk management, Apiaryfund will fund you and you will become apiaryfund trade, you make profit and apiaryfund will share profit with you. i received profit from Apiaryfund every month, current profit is not good enough to replace my fulltime income. however, I believe that i can achieve my personal finance goal if I can keep working hard forex trading strategy.

Apiaryfund is great company to work with , I feel so lucky to work with Apiaryfund team.

Ive been a member of both FF and Apiary for a while so I feel it is my place to speak up here.

Before I begin I'd like to state for the record, I am a funded trader so my opinion may be positively biased. (Please dont ask my stats, strategies, or capital allocation size. When funded, each trader is required to sign a non-disclosure, which I hope, I am no way violating by mentioning J, so please no questions related to that.)

That being said there are a few things Id like to discuss. I have no desire to argue or speak ill of the original poster. However for unbiased observers of this board who may otherwise pass up a life altering opportunity due to one persons experience I am inclined to comment.
The original poster of this thread states that the Apiary Fund is a scam.

The facts are:

Apiary Fund is a (Forex) Prop Trading firm (and a fund-of-funds in a manner of speaking). They are in the business of matching skilled traders/assets allocators with (company) capital. If you meet the stated requirements you get funded. If you continue to meet stated requirements, funding increases every three months. Obviously risk control/management is the keystone factor since you are managing private money. Its very clear cut. Never-the-less Id like to discuss some specifics since the poster was explicit in their description of Apiary being a scam.

As in all areas of life what we each receive in results is usually a function of the time and effort we have invested. As the phrase goes, you reap, that which you sow.

Some people take trading more seriously than others. If you are deadly serious about trading as a career Apiary is a fantastic opportunity for those with limited access to capital themselves. Will you get rich over night? No. Will you become a millionaire within five years of trading solely for Apiary? Most likely not.

But for those with realistic expectations, the Apiary Fund is a great place to 1) Learn to trade 2) Trade private capital with no personal liability 3) Build a track-record for the future 4) The ability to trade without the burden of the business side of client management (Meaning no panicking, emotional investors calling when you have a 3% down day leaving your focus free to execute your trading plan rather than dissipating hours alleviating emotional swings.)

I joined The Apiary Fund January 2014. I was qualified, funded, and trading live money within three months. I love markets. I eat, sleep, and breath trading, finance, and economics. To me its a dream job that happens to be the most fun game in the world. I can spend 14+ day researching, trading, etc.

Is that the norm: no.

My understanding is that for the average person, the average time to funding is approximately 6 months.

Does that mean you need to work 14 hour days to be successful with Apiary? No.

But it does mean making at the very least the serious commitment to your own success in trading. Whatever level of time/effort each feels is necessary to their own success is up to the individual; in life and in business. Each individual is unique. But youll find no matter what vocation or project you attempt, that without dedication you wont succeed in much of anything.

As far as fees go, its possible to join Apiary for as little as the $99/month data fee charge. Thats what I did/do. The $600 I believe is for more interactive education, but it is entirely unrelated and unnecessary to qualify for funding.

In terms of payouts, I have had multiple profitable months. Each and every month the profit was withdrawn from the account and I received a check for my %. There has NEVER been an issue.

Notice I said multiple months of profit but I didnt say every month. As any professional trader will tell you (who isnt Corzine or LTCM) unless you're front running, its darn near impossible to be profitable every single month. Month after month. However, just as real estate and car sales are not normally distributed, it doesnt take away from the magnitude and profitability of the successful months.

As Dr. Alexander Elder so presciently stated when he related trading as a profession to dentistry. No one within their first year of Dental School expects to be making $200,000. Trading professionally is no different.


Bottom line: If you have the drive and the skills (or the drive to acquire and master the skills) necessary to trading, The Apiary Fund in as amazing company, wonderful community, and a fantastic opportunity.

-Matt W

I have been a member of Apiary for over 2 years. And in those two years, I've seen just about every commercial entity on FF being accused of fraudulent activity. However, if you dig deeper into the claims, it usually becomes clear that the claim is personal and not comepletely true. Sometimes trader performance is not in line with either the trading methodology or the risk profile of the commercial entity. When people give you their money to trade, it is a risk that they hedge with trading guidelines.

I hope this guy got the answers he needed as all of my interactions with Nate have been pleasant. It seems that he was not actually funded at all.

I will address his post in an itemized list.

Going back to at least 2013, a lump sum up front is not necessary. Moving on.....

This is still the case and is happening more now than ever.

1.) Apiary starts you out with a modest account that is considerably more than pennies.
2.) Apiary never said you will start out being a fulltime trader.
3.) Just as if you were trading your own small discretionary acct, over time you are able to grow your acct to something that you can live off of if you so choose.

My experience with Apiary has been pretty pleasant. Going from a newb to where I am now is great. But I didn't expect to get rich quick, but pick up a skill for life.

If you are a newb, you can learn very slowly. If you are an experienced trader you can adjust to the risk rules and get funded relatively quickly.

There's nothing else much to say on that.

Hi @ Mwfinad1121,@tonyqiu,@NateAlfred,@revival_fx;
I've just registered with Apiaryfund (less than 24 hours ago),but is not comfortable with certain things they're saying about (1)Level 1 Funding:Starting with $1,000,Expected Daily Profit/Traget of $250 (worst case scenario is a minimum of 60% accuracy,ie $150 profit per day),in other words Expected Weekly ROI of MINIMUM $750 from $1,000 Trading Capital. (2)Trader must NOT risk more than 2% per trade.(3) Apiaryfund methodolgy is basically intraday trading which in all honesty a Risk Reward Ration of 1:2 could be the highest attainable in reality.(4)Mindful of the fact that over trading is extremely dangerous,and that 2% of $1,000 is $20 Risk per trade.(5) At average 5 trades per day on a win ratio of 60% (3 winners,2 loser) on 1:2 RRR, means $40 X 3 - $20 X 2 = $120-$40(net $80 profit/Day),which is far cry from the minimum $150 Daily Target/ $750 Weekly ROI from the $1,000.
Now my questions are (a) how is a MINIMUM $750 (75%) Weekly ROI from $1,000 realistic and feasible?; (b) What is the average Weekly ROI by the very best Hedge Fund Traders in comparison to the miracles Apiary expects their funded traders to perform.(c)How can anyone claim that Apiaryfund is not designed to defraud innocent traders by ensuring they never qualify for funding,while monthly contributing $97 into the coffers of Apiary.
Please give as much response as you can conveniently offer.

Hi Dedem;

I have been with Apiary since September 2014 so let me see if I can soothe some of your concerns. (1), there is no expected daily profit target, in fact, Apiary intentionally leaves a trader's goals up to them. I'm not sure where you read or heard about an expected daily profit target but I think you stumbled across some misinformation.

(2) Their is a 2% per trade and 5% per day risk limitation, which is designed to prevent a trader from blowing out the account and teach proper risk management.

(3) "Apiary Fund methodology is basically intraday trading" Although Apiary has several trading strategies that they teach, it is up to the trader what strategy(ies) to use. I use a strategy that I created myself using some of the concepts taught by Apiary.

(4 and 5) I agree over trading is extremely dangerous but again there is no set or "expected" daily goal. So your question is based on something that is not required.

Moreover, Apiary is very straightforward with their funding requirements. As I am sure you have found out, they have the "Beeline" which will take you through the education and simulation trading. As you accomplish the requirements for each level, you will advance to the next level. Once you reach Gold II, your pre-fund account will be automatically unlocked and when you reach Gold III, Your Funded Account will be automatically unlocked. Woo Hoo

Mind you you can progress through Beeline and qualify for a funded account, while being profitable by any amount.

Additionally, for every 3 consecutive months that you are profitable, by any amount even $1, you qualify to have your account reviewed for an increase in your funding level. That is up to 4 potential raises per year, which I think is Absolutely fantastic.

Just for some extra background on my Apiary experience, I joined in September 2014, qualified for, and got, a funded account on February 3, 2015 . I have had several increase since then and I am now a Level II funded trader.

I hope that eases your concerns and if you need more information,feel free to message me either here or on the Apiary site (my Apiary username is Allengoldatty)

Hi AgoId54,
Thanks for your kind information.The minimum $150 Daily Target /$750 Weekly Target at Level 1 funding are contained on a video link sent to me by Apiary,titled "Apiary Fund Orientation",exactly at 9.02 to 10.05 minutes of the 20.39 minutes video.
I'm pasting the said link to you for your perusal;
**NOTE: The 9.02 to 10.05 minutes of the orientation video stated that trader is expected to make $250 for about 1 hr of trading per day,but because Apiary knows it's not possible for every trader to make the said $250 EVERY DAY,they expect a minimum of 60% of the $250 (which is $150 Daily Target /or $750 Weekly).

Samantha Apiary <[email protected]>
Mar 1 (1 day ago)
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https://mail.google.com/mail/u/0/images/cleardot.gif
https://mail.google.com/mail/u/0/images/cleardot.gif
to me
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Hi ,


Here is an orientation video that explains our process and what it takes to have a funded account with us. You will be trading our money and only paying the tech fees for your account. Its only 97/mo.
Thanks so much for your time and I hope we can work together soon. If you are ready to sign up, please follow the steps below.



First Steps to Getting Started
1. Watch the Orientation Video - Here is the link à
https://apiaryfund.leadpages.net/registrationvideo/
2. Complete Your Registration:
here is the registration link to the 2-week free trial.
https://apiaryfund.com/user/setup?sku=27

3. Start on Courses 1-3
4. Download our New Trading Software (ALVEO)
5. Start Placing your First Trades
With In 24 to 48 Hours you will receive a phone call from your personal Development Specialist they are they to help you get a game plan together so we can both start making money as fast as possible. Look forward to seeing you in the trading room

Thanks,

Samantha l Apiary Fund
Phone l 917.639.5320 (tel:917.639.5320)

Dedem,

Please feel free to reach out to me if you would like some clarification. My phone number is 801-701-1650 ex102.

Here is a link on how we get to the targets to get a 2:1 RR ratio please look at this link on Price and Time Cycles: http://www.trade-our-money.com/price-action.html​

A hedge fund is limited by the amount of traders or eyes that they have in the markets. Just like an individual investor can out do a larger investor because of the money that they are moving and the Apiary fund relies on human diversification. Each individual investor is diversifying the fund in the same way an insurance company diversifies it's money through the people who are driving cars. On any given day people will get into car accidents. Any given day an individual trader will lose money. But there are more people not getting in car wrecks than are, and there are more traders making money than aren't. That is how we can out do big money.

Lastly there has never been anyone who has gone through Apiary fund. Met the criteria that we have specified (1. more winning trades than losing trades 2. average winning trade is greater than your average losing trade 3. never risk more than 2% on any one trade) and not gotten funded.

We have an do fund 100% of the people who meet those criteria. www.apiaryfund.com/forum (http://www.apiaryfund.com/forum)

I have to agree with Dark Force. I viewed some of Apiary Fund's archived Live sessions and found that the training was terrible...actually hideous! Those guys couldn't fight their way out of a wet paper bag. There's better training and support on YouTube and Twitter. I'm trading Futures and have found a lot of resources there.

The best part about Apiary Fund was the initial webinar with Nate Allred's sales pitch. He does a great job...awesome Salesman...would hire him in a heartbeat...for something else.

PhilW

My current broker (FXCM) will offer PAMM accounts for traders who

A. Show a successful track record and
B. Can pass the FINRA exams (Series 3 and Series 34) and register with the NFA.

If you do get funded, what advantages would the Apiary Fund offer you that getting a successful PAMM account would not?

The retail Forex Trading biz is one of the oldest shakedown schemes in the book for 30 years. This kinda reminds me of the old Freedom Rocks scam.

Lot's of hype and sizzle about raking in fast bucks in the The World's "biggest daily market" bla..bla..bla.. When you called up their client services line, the operators didn't know what a currency pair was.

I agree with RepTrader.... I learned a ton on YouTube.

I dove into learning and with only $2,000 I was making $200 to $300 per day.

I did so well I got cocky and started setting up 4-7 trades at a time. I am a newbie mind you. Bad idea. Live and learn.

I also lost my arse when US credit rating was lowered by S&P/Moody's. Again I learned quite a bit on YouTube and found my grove but money management is just as important as a good trading strategy. That being, where else can you get funded as a newbie?

I think I will give Apiary try.

Victor

I just had good talk with a trader who reached out to me, and thought that the above statement was a little misleading. So by way of clarification "and there are more traders making money than aren't." Meaning there are more traders each day in the fund that are making money, and they make more money than the traders in the fund that are losing money. So ApiaryFund does not post a lot of losing days.

This sounds like good training, but can you not get it elsewhere? Why would you need a fund, when If you have $500 to start with, and you make 7% per day, after 6 months, you will have have over 2 million in 6 months.

I know of a strategy which takes 5 minutes per day,and it will make you an average of 4% per day.

Shimmering, and your posting in this thread why?

THIS IS A SCAM.

The people providing testimonials at the bottom of the sales page are non-existent. Mark has the same photograph on a number of
sites providing testimonials from Medical procedures to online dating to lawn products. What is more interesting is that his name changes
on every testimonial.

If this system is legit why would the site use scammed testimonials and even if they did in then beginning to get the site online, why have the
testimonials not been updated with details of legit successful clients.

@shimmering I agree with Agold54, what is your point. Have you a verified account showing £500 turning into £1.2m at 4% a day over 200 trading days or
£5000 turning into £250,000 at 4% a day over 100 trading days and if you do why would you want to tell anyone.

Js1js1,

You claimed that Apiary is a scam. I would invite you to please provide evidence or real life experiences that you have had from Apiary. I think that everyone is interested in hearing from people who have actually been in the program and can in an factual manner bring forth what is good and what is bad about Apiary.

Here are three places that we are rated.
http://www.forexpeacearmy.com/forex-reviews/7964/www.apiaryfund.com
http://www.bbb.org/utah/business-reviews/financial-services/apiary-investment-fund-llc-in-lindon-ut-22310528/
or Google reviews.

Please feel free to reach out to me personally if you have any concerns and I would be more than happy to resolve any problems anyone may have

Nathan Allred
[email protected]
801-701-1650 x102