Apiary fund USA is scam !!!!

Js1jsi, Apiary Fund is not a scam. Apiary is completely transparent and honest (hard to find these days!!!). Apiary provides full disclosure in advance, no secrets no surprises, no bait and switch, ask a question get it answered, need help call trader support, need more help? Reach out to Nate, he can get all your questions answered.

it is not a system but a fund, a company, that trains & contracts with traders and pays them to trade Apiary Fund monies, Apiary provides trading client and connection to market for training accounts (demo) and live trading accounts. Live traders are paid monthly based on a percentage of the profit they earn on their apiary account.

Or if you dont communicate well on the phone, please feel to email Nate @ [email protected] and BTW apairyfund is a fund and the monies in the fund are traded by individual professional traders (some are rookies trained by apiary), who get paid based on their performance, and the size of their accounts are determnined by their past performance (consistent profits over time).

wanna talk about a scam? How about some derivative binary forex horseshit?

I start with Apiary about 4 years ago.
First was learn and trade, after 3 month I was funded.
And my english is not good.
They have fulfilled all the promises.
The sistem for funded trader and move to next level is very clear and transparent.
Ron Evans is the best Risk manager.
The best theacher, for me, was John Thomas.

god

Following is the exact text of the complaint I filed with the FTC today regarding the runaround I have been given:
Additional Information
Now is your chance to tell us your story. Please describe your experience, including any additional information about the company and the product or service offered. Do not include any personal or sensitive information such as your social security number, date of birth, financial accounts or credit/debit card numbers, driver license number, detailed health or medical history or similar sensitive information.

On Wednesday October 12th, I had a 20 minute phone conversation with a representative of Apiary Fund by the name of Tom. The phone number of the company is 801-701-1650 and Tom’s extension is 138. I had visited the website, apiaryfund.com, a week earlier and indicated an interest in learning about how to trade the Forex. The website indicated that a person could access the training videos and articles for two weeks before deciding to commit to becoming a partner in trading. Over the phone, Tom referred to himself as an orientation specialist for new members. His purpose was to qualify me for their program and to get my decision to join the classes at either Level 1 or Level 2. I hesitated when he said he needed my credit card information. I asked if there was a way to access the classes for two weeks, like it says on the website, before committing any funds. Tom said that I could cancel my account/membership/subscription (whatever the term) at any time within two weeks “No Problem” and request a full refund. Twice, Tom told me that our conversation was being recorded so there should be a record of that.
On Thursday October 20th, I contacted the accounting department via email, as I had been instructed, and requested a cancellation refund. The email address I was given was ([email protected]). I received an automatic email response on October 20th which was (quoting): Thanks for your email! This is just an automated response to let you know that your request has been received by our accounting department. We strive to process all requests by the next business day. However, please allow up to two business days to complete your request. Thank you for your patience. You will receive a confirmation once it has been completed.
On Oct. 25th and again on Oct. 27th, Tom left a voice message to the effect that he needed to talk to me about options for a reduced cost training program. I did not reply. Instead, I sent a 2nd request to ([email protected]) on Oct. 27th asking for the status of my refund but have not heard back.
Pertinent to this matter is the fact that my access to the training site has been blocked. I have not been able to access the apiaryfund website since I spoke to Tom on Oct. 12th. This is probably because I am required to consent to an electronic agreement after I login. I have not consented. I read the agreement, I did not like it and I did not nor will I ever agree to it.
As of Friday, Oct. 28th, I cannot even login. I get an error message to the effect that I entered an invalid username or password. In summary, there is no agreement between myself and Apiary Investment Fund, I have not been able to access the training videos or articles, I was promised I could cancel within two weeks, I asked for a cancellation refund within two weeks and I have not received a refund or even an acknowledgement that a refund is being processed. What I have received is a voice message from Tom indicating that my only option is to delay the training.

Sounds like a scam to me. BTW, let me get this straight - they charge a huge up-front fee , then monthly installments, right? It seems to me that IF you get to trade with "their" money, you're really just trading with part of the money you've already paid! It's not "their" money at risk, in fact, they're risking nothing. You're just using YOUR OWN MONEY that you gave them for their bogus "education".

Gravitist;

You are mistaken as their is no up-front Fee, although their is a $97.00 per month tech fee. however, once funded, which took me roughly 5 months, I was able to make up that fee plus bag a nice monthly profit. Moreover, at my current funding level, that tech fee is insignificant.

Although you may not like the program or the fees, that does not make them a scam. Apiary at least to me (and in the documentation) was upfront about the costs and quite frankly their money management requirements was the missing piece in my trading.

Navyvet; I would be very interested if you could provide a follow-up to what has been done or not done. Thanks

I eventually received a refund of my original up front training fee of almost $900 (discounted from $1100) but only after I lodged a complaint with the local Better Business Bureau. I went to the BBB on the advice of my local congressman's office who suggested I go through the regular channels before getting the congressman involved. After I had requested a refund within 2 weeks of signing up - on the basis that the training videos did not meet my expectations - I was told by someone in marketing who was filling in for someone in accounting that a refund was not possible once a person had accessed the training materials on the grounds that one had already received something of value. That contradicted what I was told by another person in marketing who said I could cancel for any reason within one week. But since my cancellation request was received after 7 days, there was little choice except to continue with the training. I addressed the runaround in my statement to the BBB. Two days later I got a call from the owner who tried to talk me into continuing with the program. Reluctantly, he agreed to process the refund. He then informed the BBB that the issue had been resolved. It had not. It took another 4 days for the refund to be reflected on my mastercard. Altogether it was a very unprofessional experience.

Navy....why did you pay $900?

Navyvet, Thanks for the update. I am sorry for your experience as I have said earlier in this thread, Apiary has been great for me. Also would like to echo forexcapone question as to what the $900 was for?

Thanks

@Agold54 . . . . how do you like Alveo?

Forexcapone;

I love the potential of Alveo and the new version has some great features. I have been with Apiary since before Alveo and it has come along way. I think that having a trading platform made by traders is a great thing

Are you part of Apiary?

no disrepect js1js1, but quite clearly your post identifies you as ignorant, as no one with any sense would post their opinion about something that they have no real factual evidence to support. If you have some facts or even perhaps you could share your experience working with the fund?

If you need help with your trading today, I have some extra time.

I have tried Apiary. I am currently a member. Trial member that is. Trying it for a couple of weeks. So far I am not impressed. They claim a 30 percent success rate. Do the math 30 out of 100=-70%. That tells you right there what your chances of being funded are. You can use other platforms with the same training use your own money and the minimum funding requirements are quite low. You can test your strategies with very low lot sizes and risk. 30 out of 100 doesn't seem great to me. your gonna spend at least 500 to 700 dollars to start with Apiary then an additional 100 bucks a month for data feed with a 30 percent chance of getting funded. You can fund an account with a reputable online broker for that much and still get free training and use of of a practice account. If you can trade with a few hundred dollars and make money so can you with a large account. Now i am not saying Apiary is bad. It's good for beginners who have a few thousand dollars to spare. Learning is a good thing, and learning from pro traders is a good thing. But everyone knows who has any common sense that the FX market has a very low success rate for retail traders. So your chances of success are not good from any standpoint or mentoring program. I look at the math and the stats. The facts. But if your a beginner it might be a good choice, just don't get sucked into a loosing proposition. Anything less than 50 percent is not a good proposition. Unless your talking about money management, that's different. Just my opinion. Makes since to me.

Care to share?

Proffesional review for Apiary Signals. Overall experience: 4 / 10.

One month of testing lead to receiving signals on EMAIL, therefore the first issue that appears is LAGGING, as email might delay sometimes. Also, on a realistic approach, no human can stay on his email to refresh from 1 to 1 minute until a signal is received. My team barely caught a few days of these signals, and our entries were many times delayed. Overall performance for our account was negative, but Apiary's signals seem to be good for themself.
On the client-side, these signals cannot be used, so i rather recommend to use them only as reference for your trading, not as daily routine for your live account.
In an attempt to get better results, i strived to ask for live signals on my phone, yet Apiary rejected this for now. Also, they don't accept copy-trading direct onto clients account. Another thing to mention, is that they do not provide a real account statement to show that these signal are used on any capital.
In hope that this review is usefull to future clients, i hope Apiary will improve their service.
I cancelled my subscription with them and got back to my own trading.

So how much do you pay and when? Do you need to open an account and how much?

I was supposed to get an email to go to the webinar, but never received the mail! Lol

I am having a lot of problems in getting into my account with them! I am having my doubts! I have sent them I want to know my password! When I was in their site, they had to much information in where to even start! It's like nobody is home to ask questions!

APIARY INVESTMENT FUND is using their 2 weeks free trial as their BAIT to get you on their program. This is their business marketing strategy to get somebody on the program. They will get your CREDIT/DEBIT CARD DETAILS during the sign up process for 2 weeks FREE TRIAL. After that, they will charge your CARD for $97 even you will not continue on the program. This is the “FREE TRIAL” that you will pay at the end.
It happened to me. BE AWARE AND BEWARE.
There are many options of Forex Proprietary Trading firm better than them that don’t require $97 monthly subscription. Just do your research.

I joined the apiary fund and participated in their training for almost 4 months. Their training videos range in quality from poor to fair. I often had to go to Youtube and get training (which was free), and often better than what Apiary was offering. During the training period they charge $97 a month technology fee, but all you are doing is demo trading and training. The training, you can get for free. Paying $100 a month to demo trade? To me that is a rip off. They say they provide mentorship, but that is not really true. You can call their support line, and someone will talk to you and offer you advice, but not be a trade mentor. You can pay to be in a premium program (I did) and have access to higher tier videos, and some live videos, during which you can be in a chat room with others and ask questions there, but even those are not that helpful.

I did not stay long enough to get to 'fully funded' status because I was not willing to pay $100 per month to demo trade. I also was unwilling to spend $1100 to be part of one of their 'special groups' and get my monthly fee reduced to $25. They have all of these little tricks where every two to three months they try to up sell you on something. In the four months I was with them they tried three times.

Not sure now legit they are, but there is far more to 'how much they cost' than they say up front.

BASED ON THEIR DECEPTION, I GIVE THEM A THUMBS DOWN.