Prop firms are still a great tool for the undercapitalized trader. Like I mentioned in the video, my experience with Topstep has been solid. You can check them out here: bit.ly/3OmW4I3
I understand why they would decline payputs if you are adding possitions to previous one that is in drawdown as this would be called martingale and not really sustainable way of trading long term. Do they allow adding possitions when previous one is in profit as this is different
I never had this issue with them, because I followed their rules. My last 5 figure payout with them got paid out early, so I can't complain. Yes, they have harder rules than most other firms, but they do pay out if you follow them.
my profile on apex my name is wrong, I already sent the documentation for them to correct it, it's been 17 days and nothing, they haven't even responded to me, I can't get that detail
I have been denied $ 14k payout because of DCA but still the DCA I did was the one allowed by their rules (ie, 1 initial entry and 1 max additional if your pnl is negative). They don't want to payout, it's simple. And they will be bankrupt very soon.
Hey, Thanks for sharing your experience with Apex. Although I got paid from Apex few times but I am seeing more and more traders posting their videos on Apex as they are very disappointed at the payout stages. Honestly I believe someone in Apex has already been watching these videos and hopefully working on building faith for existing traders and new comers. Thanks 🙏 again
LMAO 😂 That would be something, though prob unlikely considering the accounts were on a monthly recurring subscription which I have already cancelled. I didn't make this video for any recourse, more so to warn other traders.
I've never understood DCA'ing to begin with. My strategy is either win or lose and move on. They do go into great detail in their rules about DCA's. I read the whole thing before signing the contract for my PA.
So he can't recommend apex because he broke a rule that is there for everyone to read in the terms and conditions. I read the entire thing before I signed the contract and am aware of the dca rule. Also they allow you to add size to a losing position only once as long as it's the same size or smaller than the initial entry. Again it clearly states this in the terms and conditions that everyone should read thoroughly. A successful trader usually doesn't depend on dca into a losing trade as their A+ set up. If your system is dependent on adding to losing trades then you likely need a new system.
Good to know. I've got denied one for the 30% rule. Will be trying again in a couple of weeks. Hopefully the second time around I get approved, if not I'm shutting that shit down.
I wouldn't waste my time trading with them anymore. They are now finding all excuses not to payout. All it takes is one instance where you might brake a rule. Let's say you brake a rule among by mistake in ONE trade among 500 trades, they will deny your payout. You better hire a robot to trade instead of you because you human need to be flawless, 0.000000% mistakes.
I’ve never had payout issues. Just stick to the 30% rules and you’re good. I guarantee you that most people who complain do so because they either broke the rules, or are simply not consistent (or both).
I have been denied $ 14k payout because of DCA but still the DCA I did was the one allowed by their rules (ie, 1 initial entry and 1 max additional if your pnl is negative). I've made more than 400 trades over 13 trading days (12 positive trading days, 1 negative, 30% rule complied with, made 4 times the minimum profit required, 62% win rate) and I can only assume because of 1 or 2 mistakes (where I entered a third position by mistake when trying to put a stop order - put a limit order instead). So, I make 400 trades complying with their rules, there's a couple of them that I didn't comply by mistake and I have no right to payout. This makes no sense! We're humans, not bots. If they wanted 0.00000% mistakes they should hire bots to trade, not humans. They don't want to payout, it's simple. And they will be bankrupt very soon.
@10ylater49 give them one more chance, and this time properly follow their rules, and see if you got payout or not. It is fact you got denied by not following the rules, albeit how small it is. BTW I got payout, so you can too.
@@10ylater49 So you did make an mistake and did DCA more than once. In your other comments, you left this out and acted like APEX is an outright scam. While I ain't siding with APEX your comments are nothing but frustration posts for not following their rules.
@@8KFlow not sure how many comments I made where the "DCA" was stated and how many I made where the "DCA" was not stated. Not sure why you are bothered with that though. The point is that they are denying payouts based on a 1% mistake! That's predatory. That's not a partner that you want to be with IMO. Would you choose to be your partner someone who would deny you food because you peed out of the toilet 1% of the times by mistake??? If you can't make a single mistake, then what's the point of even trading with them? There's no point. Also, their DCA rule does not make sense from a risk management perspective as they don't care how much size you DCA (but that's not even my case, my case is about finding any minor issue to deny you a payout).
Thank you for sharing all this! I have been trying to warn folks about these guys so they too do not get scammed. I appreciate all of the details you shared here -- great video!
And that's suppose to be the rule according to their rules. I have been denied $ 14k payout because of DCA but still the DCA I did was the one allowed by their rules (ie, 1 initial entry and 1 max additional if your pnl is negative). They don't want to payout, it's simple. And they will be bankrupt very soon.
sadly not anymore with their new rules, apex has been around for a while and once the rules 3.0 came out, i just closed my 10 PAs and switched firms after trading and getting paid for over a year, topstep and TPT much more reputable.
Apex is fine. Their rules with PAs are super strict and limits certain strategies from being compatible but play by the rules and they'll pay consistently
Nop, wrong. I have been denied $ 14k payout because of DCA but still the DCA I did was the one allowed by their rules (ie, 1 initial entry and 1 max additional if your pnl is negative). They don't want to payout, it's simple. And they will be bankrupt very soon.
Bro, all you had to do is continue trading and do not violate any rules until the next payout. You never mentioned if you were denied because of DCA or risk management
The payouts were denied for DCA. My account renewal was coming up (after weeks of waiting lmao) and I had no interest in continuing to invest into a firm that carries themselves incredibly unprofessionally and buries "rules" in the fine print, and then releases 5 hours worth of videos explaining their new enforcement. As traders, we have to know when to cut our losses. That point was the payout denial for me.
@@OpinicusTrades how much is renewal fee? For $50k PA accounts I guess $160 monthly per account, which means total $960 for 6 PA accounts, so you would continue to trade till next payout just investing $960 to get paid over $10k, imho
@@kennethkme Yes, his math isn't mathing lol. He can easily do that and get paid. Just managed risk until the next payout window and said goodbye to them. He never mentioned he violated the DCA
That's beyond the scope of a TH-cam reply, but to put it simply: Higher timeframe zones to build positions. For more on this, check out a weekly sit-in of the Trading Mentorship Group: bit.ly/44LYkim
I signed up for a total of 10 evals, passed 6 and had 4 in the hopper, being copy traded alongside the funded accounts. When the payout was declined I canceled everything.
DCA disqualification is dumb. Apparently your trading plan can't take advantage of scaling into a buy or sell zone where the first add is "better" and then add again on confirmation. If it's not a Martingale gambling strategy and it makes money then it should be allowed IF they want profitable traders instead of evaluation fees.
If i could give it negative stars, i would… if you make the smallest mistake or click the wrong link on their site, you are DONE. They will do nothing to help out, they have a “no refund policy”, regardless what happens . Plus it takes them days to get back to you, sometimes no response at all, no phone support. Please be careful when signing up. Make sure you don’t agree to something you’re not aware of, please be careful, learn from my mistakes. They will shut down your account with no refunds. BE CAREFUL.
My question is, if they deny the payout, which is ' real money ', what happens to that money? Does it remain in your account for a later withdrawal or , it does not exist?
From my understanding you can "try again" - My accounts were about to renew and after this experience I elected to cut them. I do not want to constantly be worrying about whether a payout will be approved or not, plus, the "withdrawal window" and then the additional 2 weeks of waiting was not worth it for me. A self-funded account withdrawal will hit your bank the next day.
@@OpinicusTrades the same, I cancelled all my accounts today (subscription fee was due soon). Getting a $ 14k payout denial because even though I complied with their rules (with the exception of 0.1% by mistake) is not acceptable. They don't want consistent traders, regardless of the strategy. They will be waiting for your minimal human mistake to deny you a payout.
It appears they pick and choose. I’m in a small trading room. There’s a handful of us that was using Apex. One of them is using like 15 accounts just got started with them and he’s been able to get the 2000 on multiple accounts paid to him even though he tradedthat they should’ve been declined he was surprised he keeps getting paid them because he’s not following the rules as you state
That is good info. I also have some guys in my community who have and continue to receive payouts, which is encouraging. I was cautious in the video not to say they are declining *all payouts* - They simply declined *my payout* which was fair and square per their rules. That said, I am fairly detailed-oriented and so the fact I was caught off guard by this means plenty of others will be as well, so wanted to share my experience.
to be clear - APEX is allowing DCA only ONCE! , per trade. that means that if you added to a loosing trade twice - that's going against their rules. Its very simple & very easy... not that strict & it has good reasons why this rule is in place.
Hi Kyle, I have experience with both. Personally, i ve got 2 times payouts without any hassle from Apex. Also, what i like in them is the freedom to trade up to 10 contracts at a time (not all added up per time). With Topstep i had a problem as i trade with 5 micros and in Topstep they consider them the same as 5 minis. But many times there were opportunities in different markets but i couldnt open a second position as i had already reached the maximum of 5 micros! Last thing i dont like with Topstep is that namely you have 2,5k drawdown but in reality you have 1k as your position will close when you reach that limit. They say its for your own good but i find this quite restrictive.
I'm glad you haven't had any issues with Apex! Thats awesome. Topstep allows scaled micros on their TopstepX platform now. That said, I don't think developing traders should have to jump through so many hoops nor play the waiting game for their payouts. It's very clearly geared so the trader fails, which makes me question whether Apex truly moves any traders to a "live" account or wants them to succeed.
@@OpinicusTrades Totally agree that all the prop firms set so many rules hoping you will break one of them. I havent heard someone been moved to live account with Apex even though its clearly stated that it can be done. On the other hand, i know many people trading Live with Topstep. I agree, funding companies should be trated as a medium stage on funding our own live account in the end!
Most of these prop firms are quasi bucket shops and are not looking for real traders where the firm only gets 10%. Firms that put up real capital probably want closer to 50%. Altho day trading is more intense firms used to pay professionals just 20% of the profits .
Alright you broke a rule of theirs. You knew you might be breaking those rules, per your comment about others talking on X. What you can do is do another 10 days without DCA.
Wait so if I break the rule on may 1st, and withdraw may 15, or declined right so I gotta wait 10 days , what if I didn’t withdraw, will they still decline ?
Exactly. Apex offers the option to trade 20 accounts, which you can link and "copy trade" - Topstep currently offers a max of 5. I was interested in the 20.
That's what I did for 13 trading days and still got denied because of DCA. F* them (they will tell you DCA even if you did it once by mistake). Already cancelled the accounts and the monthly sub.
I'm good. No reason to redesign my strategy to cater to a prop firm that I don't need. The video states I was looking for leverage. Shared my experience 👍
@@OpinicusTradesyoung and dumb mindset. "I won't pivot to make money" is very egotistical and narcissistic. The goal is to make money and the proof is in the pudding. They payout more than any other prop out there. Good luck sticking with Topstep. You'll find out soon that they have more rules than just 1 lol
Wade, The scope of what I was trying to do here went entirely over your head. I have been a self-funded trader for almost a decade. I was exploring Apex for leverage. It is not egotistical to say I will not diminish my edge to work with a firm that *might* payout.
@@realDesertRat I'm pretty sure that what he means is he's not changing a viable valid profitable trader's strategy for a prop firm not qualified to differentiate between dollar cost averaging from 1968 and advanced scaling trading strategies on Ninja Trader in 2024, and the risk of denying future payouts, and invalidating hard work is something only a fool would choose. 100% of 0, is still 0. The money isn't even the most valuable component here. Time, trust and integrity is. They're right about one thing, it's about building relationships. Unfortunately what they are doing here breaks that trust.
Well I won't be going to Apex because that's the way that I trade, I scale in. Then I don't like their Trailing rule I was gonna give them a try but after this. NO WAY!
The funny thing is if you read apex contract it is written to the level that a 5th grader can understand. They use no lawyer jargon that takes a Harvard degree to understand. They even walk you step by step in an example of what DCA means in the contract. Not sure what awareness there is to spread, you broke the rules. Did you still expect a pay out? I’m confused.
And what if you make 400 trades (you comply with everything and pass all rules and criteria to get a payout) but in a couple of trades you DCA beyond what is allowed by mistake (a simple limit order instead of a stop order will do it!) and you have your payout denied. Amazing right? That's scam. That's not finding profitable traders, that's finding excuses to keep your money. I cancelled all my PA accounts and I'm not using Apex anymore.
@@10ylater49 Yes, there are rules in life. If your break them there are consequences. In this situation do you expect apex to say "its ok, we will give you a redo on your error". No broker on the planet is going to give you a redo for fat fingering a trade order
@@10ylater49 Yes, there are rules in life. You break them there are consequences. Please name me one Broker that is going to allow you a "redo" a order for "fat fingering" your order submission. your argument holds no weight.
Exactly. Use them as a tool and gtfo. Apparently most all people, therefore companies, get internally and morally corrupted at a particular monetary level. Low vibe beings with too much access.
At the end of the day the only thing that matters regarding prop firms, is how much are they actually paying out. And on that metric, Apex is ABSOLUTELY smoking it! Nothing comes even close. For example, Apex pays out more in ONE month than Topstep has paid out in their whole existance.
Transparency, eval/funded rules, payout rules, payout timing, customer service, technology... All things that are more important to the end user than how much a firm has paid out. That is a metric that very few actually care about, because it does not impact them at the end of the day.
100% agreed. Also some info within the dashboard about whether or not you broke a rule would be incredibly helpful. So you aren't sitting there guessing about whether you'll be approved for weeks and weeks.
Treat it as Gaming. Prop firms are gamified. Play their rules, you are paid. Their house their rules. If only you hadnt DCA'd, you would have been paid . Play the rules bro... It's gaming
The accounts were canceled as I did not have the lifetime activation. Not interested in continuing a relationship with this type of organization. It is what it is!
I have just pasted use of DCA. Why are you misleading people. You clearly abused this no wonder they stopped your payout. You probably were just gambling.
Post your charts .. let's see your consistency.. I Got paid out 11 k for June Only using 2 accounts now I'm copy trading using 7 accounts..im only making 300-400 per acount I don't go for home runs and I only DCA once per trade when and if I do I try not to
I had a similar approach, shooting for $300-$500 per day with the $50k accounts. Consistency was not the issue here. If you don't mind the long withdrawal periods, unprofessionalism, and tight rule structure, more power to ya.
@@OpinicusTrades Payouts come every 2 weeks. They are 2 week cycles. Each cycle has a processing system. If you can get to being consistent in payouts the money comes every 2 weeks. That is pretty damn good in my opinion.
For the industry, it is one of the worst payout systems that I have seen. That said, my barometer for payouts is based on a self-funded account. Put in withdrawal, money is in account next day.
This man has explained himself and his views and still you trolls are on his a$$. I have been experimenting my strategies in apex and I find things to be really advantageous to Apex. To borrow an analogy your Basically trading with "one screen behind your back" LOL
I just read the account rules. It clearly states no DCA. It wasn´t buried in the fine print as you suggested. I agree, they have a lot of hoops to go through and the tone in their documentation is quite a turn off. You just failed to read the rules, however. You have no basis no cry about it here. Makes you look very unprofessional.
Hi Eddie, did it dawn on you that, perhaps, after receiving thousands of complaints, the company updated their website? 🤯 And yes, in the video I mentioned I did not catch the rule. Thanks for relaying what I already said 🤝
yep, like a job you don't like. Or like being in bootcamp in the Army or Navy. They're the boss, so they make the rules. How many reading this had fathers who told them, "As long as you live in my house, you will live by my rules."
A great way to tell a scam is if on the comments there alot of people def sing the cooonay amd putting down the people speaking out. This so done to scare other from speaking out APEX is 100% a scam
I dont get it. Trading is a game of details. You broke the rules, and are denied a payout with is ok, you even say so yourself. You even confirm you broke the rule on DCA. APEX state publicly, and in many videos tell kindly and in details, that they dont want windfall traders or gamblers. They look for consistent traders, thay can make both sides money, just liek a real tradingfloor. Thays why they tightened up the rules because of scam traders. Then you break them, and furthermore tells everybody, that you cant recommend them. You mean teh broker wil not recommed you. Ok that say more about you than APEX. A lot of straight up rule abiding traders have a profit blast at APEX, really earning some good money ø- to both sides. Maybe you should consider how creepy this is, when you then in the end recommend Top Step, with an bonus link for you. You broke the rules, you admit you broke the rules, you cant recommend the one telling you that - and then you sell links to another broker. Come on, you could do better than this.
The 5 hours of videos they released on their "simple rule process" were after an enormous wave of denials, including mine. It's a garbage product, this video was sharing my experience with said product. What is "creepy" is bootlickers defending this firm. Do you enjoy abusive relationships? lol
So... since you didn't follow their rules? You got payouts declined? An you're surprised by that? Funny. LOL - Obviously in May, you never read their rules... only ONE DCA allowed per trade. You coulda been making crazy bank with them bucked FUCKED it up. Good job dude.
You make 400 trades, you DCA outside the allowed scope by mistake on a couple of occasions (putting a limit order instead of a stop order is all you need to make that happen). You then have the payout denied because of that. Does it sound right? Does it sound normal business practice? They are "hiring" human traders, not bots.
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Prop firms are still a great tool for the undercapitalized trader. Like I mentioned in the video, my experience with Topstep has been solid. You can check them out here: bit.ly/3OmW4I3
I understand why they would decline payputs if you are adding possitions to previous one that is in drawdown as this would be called martingale and not really sustainable way of trading long term. Do they allow adding possitions when previous one is in profit as this is different
Apex don't want real traders. They want the account reset degens instead.
Hate to say it, but yep... Agree 100%
Exactly! That’s what they are trying to encourage
They don’t want profitable traders been denied over 30k this month is payouts . Accounts denied multiple times in a row
@@DonMagixx777they can deny payouts?
The 30 percent rule after passing the evaluation is crazy. The idea that you get penalized after making more than 30 percent smh
I never had this issue with them, because I followed their rules. My last 5 figure payout with them got paid out early, so I can't complain. Yes, they have harder rules than most other firms, but they do pay out if you follow them.
Great to hear!
my profile on apex my name is wrong, I already sent the documentation for them to correct it, it's been 17 days and nothing, they haven't even responded to me, I can't get that detail
I have been denied $ 14k payout because of DCA but still the DCA I did was the one allowed by their rules (ie, 1 initial entry and 1 max additional if your pnl is negative). They don't want to payout, it's simple. And they will be bankrupt very soon.
@@10ylater49what is DCA?
@@10ylater49preach. They are robbing profitable traders. Trashhhh
Hey, Thanks for sharing your experience with Apex. Although I got paid from Apex few times but I am seeing more and more traders posting their videos on Apex as they are very disappointed at the payout stages. Honestly I believe someone in Apex has already been watching these videos and hopefully working on building faith for existing traders and new comers. Thanks 🙏 again
I've seen them approve payouts after someone makes a video so it wouldn't surprise me if you now get approved.
LMAO 😂 That would be something, though prob unlikely considering the accounts were on a monthly recurring subscription which I have already cancelled. I didn't make this video for any recourse, more so to warn other traders.
I just switched to Top Step. Love their platform too. I was big on Apex but not so much now.
Don't blame you! Hope it is smooth sailing from here
I love Topstep’s new platform it’s amazing! And they allow you to trade up to 5 funded accounts
Top Step🎯
I've never understood DCA'ing to begin with. My strategy is either win or lose and move on. They do go into great detail in their rules about DCA's. I read the whole thing before signing the contract for my PA.
DCA is gambling
So he can't recommend apex because he broke a rule that is there for everyone to read in the terms and conditions. I read the entire thing before I signed the contract and am aware of the dca rule. Also they allow you to add size to a losing position only once as long as it's the same size or smaller than the initial entry. Again it clearly states this in the terms and conditions that everyone should read thoroughly. A successful trader usually doesn't depend on dca into a losing trade as their A+ set up. If your system is dependent on adding to losing trades then you likely need a new system.
Good to know. I've got denied one for the 30% rule. Will be trying again in a couple of weeks. Hopefully the second time around I get approved, if not I'm shutting that shit down.
Hope you get that approval! 🙏
i was also denied the first time for the 30% rule but after i did another 10 days, they approved my payouts, all 4 of the PA accounts
@@Noobie_Nasdaqdo you still trade apex funding prop firm
I wouldn't waste my time trading with them anymore. They are now finding all excuses not to payout. All it takes is one instance where you might brake a rule. Let's say you brake a rule among by mistake in ONE trade among 500 trades, they will deny your payout. You better hire a robot to trade instead of you because you human need to be flawless, 0.000000% mistakes.
what is the 30% rule?
I’ve never had payout issues. Just stick to the 30% rules and you’re good. I guarantee you that most people who complain do so because they either broke the rules, or are simply not consistent (or both).
I have been denied $ 14k payout because of DCA but still the DCA I did was the one allowed by their rules (ie, 1 initial entry and 1 max additional if your pnl is negative). I've made more than 400 trades over 13 trading days (12 positive trading days, 1 negative, 30% rule complied with, made 4 times the minimum profit required, 62% win rate) and I can only assume because of 1 or 2 mistakes (where I entered a third position by mistake when trying to put a stop order - put a limit order instead). So, I make 400 trades complying with their rules, there's a couple of them that I didn't comply by mistake and I have no right to payout. This makes no sense! We're humans, not bots. If they wanted 0.00000% mistakes they should hire bots to trade, not humans. They don't want to payout, it's simple. And they will be bankrupt very soon.
@@10ylater49 Suck it up, you broke their rules
@10ylater49 give them one more chance, and this time properly follow their rules, and see if you got payout or not. It is fact you got denied by not following the rules, albeit how small it is. BTW I got payout, so you can too.
@@10ylater49 So you did make an mistake and did DCA more than once. In your other comments, you left this out and acted like APEX is an outright scam. While I ain't siding with APEX your comments are nothing but frustration posts for not following their rules.
@@8KFlow not sure how many comments I made where the "DCA" was stated and how many I made where the "DCA" was not stated. Not sure why you are bothered with that though. The point is that they are denying payouts based on a 1% mistake! That's predatory. That's not a partner that you want to be with IMO. Would you choose to be your partner someone who would deny you food because you peed out of the toilet 1% of the times by mistake??? If you can't make a single mistake, then what's the point of even trading with them? There's no point. Also, their DCA rule does not make sense from a risk management perspective as they don't care how much size you DCA (but that's not even my case, my case is about finding any minor issue to deny you a payout).
Thank you for sharing all this! I have been trying to warn folks about these guys so they too do not get scammed. I appreciate all of the details you shared here -- great video!
Glad to help!
I thought the rule was you could DCA 1 time per trade
And that's suppose to be the rule according to their rules. I have been denied $ 14k payout because of DCA but still the DCA I did was the one allowed by their rules (ie, 1 initial entry and 1 max additional if your pnl is negative). They don't want to payout, it's simple. And they will be bankrupt very soon.
@@10ylater49 yup only paid out 20 million last month. So you did 1 or 2 DCA on a particular trade?
EDEBPJEV is a Coupon code for 90% off and $39 lifetime fee. Been using it for 2 months now your welcome
have the new rules that were voted on like the 8day payout request, 40% rule, etc, been finalized yet or are we still under the original ones
sadly not anymore with their new rules, apex has been around for a while and once the rules 3.0 came out, i just closed my 10 PAs and switched firms after trading and getting paid for over a year, topstep and TPT much more reputable.
Apex is fine. Their rules with PAs are super strict and limits certain strategies from being compatible but play by the rules and they'll pay consistently
Nop, wrong. I have been denied $ 14k payout because of DCA but still the DCA I did was the one allowed by their rules (ie, 1 initial entry and 1 max additional if your pnl is negative). They don't want to payout, it's simple. And they will be bankrupt very soon.
No the one employee compnay who hires a third party to email and send comments all
Over internet is a scam
EDEBPJEV is a Coupon code for 90% off and $39 lifetime fee. Been using it for 2 months now your welcome
Bro, all you had to do is continue trading and do not violate any rules until the next payout. You never mentioned if you were denied because of DCA or risk management
The payouts were denied for DCA. My account renewal was coming up (after weeks of waiting lmao) and I had no interest in continuing to invest into a firm that carries themselves incredibly unprofessionally and buries "rules" in the fine print, and then releases 5 hours worth of videos explaining their new enforcement. As traders, we have to know when to cut our losses. That point was the payout denial for me.
basically you were broke the rule for DCA, that's why they were denied you. This is your faults not their.
🤣Yep - All things I said in the video
@@OpinicusTrades how much is renewal fee? For $50k PA accounts I guess $160 monthly per account, which means total $960 for 6 PA accounts, so you would continue to trade till next payout just investing $960 to get paid over $10k, imho
@@kennethkme Yes, his math isn't mathing lol. He can easily do that and get paid. Just managed risk until the next payout window and said goodbye to them. He never mentioned he violated the DCA
Iv decided not to go with APEX after seeing so many bad reviews. Thanks for the vid 👍
No problem 👍
How many cons are you trading also mnq or nq
Can anyone tell me which option should I choose to get a lifetime package?
Anyone get an payout in the last month? Discord is in maintenance which kinda worries me.
I had a payment on the 8th, but I am still missing another 10k , they are approved but not paid yet
@@Nes-kd3jl When did you make the request for the 10k payment? They don't send out payments until the 15th every month.
@@8KFlow1st July , get paid on the 8th. I am still missing another 10k, they are approved since 8th July
@@Nes-kd3jl keep us updated please, am digging to see if this is a good way to invest
@@Nes-kd3jlyou ever get paid
hi, what was the reason for the denial? did you DCA more then 1 time?
Yep! DCA! I typically layer into positions and trade around a core.
@@OpinicusTradesCan you elaborate more on what that means? Build around a core? Or layer into a position?
That's beyond the scope of a TH-cam reply, but to put it simply: Higher timeframe zones to build positions. For more on this, check out a weekly sit-in of the Trading Mentorship Group: bit.ly/44LYkim
You are only allowed to DCA into a losing position one time. This is why you got denied. You can request again after following the rules
@@ItsWassupDoe did you get approved payout? and have you DCA more then 1 time before? how hard is it to get payouts with apex?
Thanks for sharing. ❤
You’re a great trader by the way, 4k isn’t easy. More Grace in the future ❤
How many evaluations and blown accounts did you have to go through before you got denied?
I signed up for a total of 10 evals, passed 6 and had 4 in the hopper, being copy traded alongside the funded accounts. When the payout was declined I canceled everything.
Excellent video and very helpful for others. Thank You
DCA disqualification is dumb. Apparently your trading plan can't take advantage of scaling into a buy or sell zone where the first add is "better" and then add again on confirmation. If it's not a Martingale gambling strategy and it makes money then it should be allowed IF they want profitable traders instead of evaluation fees.
Spot on!
hello did you recover the payments?
Nope! No payments from Apex. Moved on.
If i could give it negative stars, i would… if you make the smallest mistake or click the wrong link on their site, you are DONE. They will do nothing to help out, they have a “no refund policy”, regardless what happens . Plus it takes them days to get back to you, sometimes no response at all, no phone support. Please be careful when signing up. Make sure you don’t agree to something you’re not aware of, please be careful, learn from my mistakes. They will shut down your account with no refunds. BE CAREFUL.
My question is, if they deny the payout, which is ' real money ', what happens to that money? Does it remain in your account for a later withdrawal or , it does not exist?
From my understanding you can "try again" - My accounts were about to renew and after this experience I elected to cut them. I do not want to constantly be worrying about whether a payout will be approved or not, plus, the "withdrawal window" and then the additional 2 weeks of waiting was not worth it for me. A self-funded account withdrawal will hit your bank the next day.
@@OpinicusTradestrades by matt was also denied. But traded again another 10 trading days without violating the new rule and withdrawn 40k.
I saw that. That is good. It is clear they are still honoring payouts if you follow their rules.
@@OpinicusTrades the same, I cancelled all my accounts today (subscription fee was due soon). Getting a $ 14k payout denial because even though I complied with their rules (with the exception of 0.1% by mistake) is not acceptable. They don't want consistent traders, regardless of the strategy. They will be waiting for your minimal human mistake to deny you a payout.
you did not mention why exactly your payout was declined.
DCA
It appears they pick and choose. I’m in a small trading room. There’s a handful of us that was using Apex. One of them is using like 15 accounts just got started with them and he’s been able to get the 2000 on multiple accounts paid to him even though he tradedthat they should’ve been declined he was surprised he keeps getting paid them because he’s not following the rules as you state
That is good info. I also have some guys in my community who have and continue to receive payouts, which is encouraging. I was cautious in the video not to say they are declining *all payouts* - They simply declined *my payout* which was fair and square per their rules. That said, I am fairly detailed-oriented and so the fact I was caught off guard by this means plenty of others will be as well, so wanted to share my experience.
whats your trading group name?
to be clear - APEX is allowing DCA only ONCE! , per trade. that means that if you added to a loosing trade twice - that's going against their rules.
Its very simple & very easy... not that strict & it has good reasons why this rule is in place.
I recognise your profile pic! Are you in the FTT discord?
I don't use discord.
Very informative, thank you!
Hi Kyle, just to let you know Apex got out news. They will be no more payout periods and they bring back dca
Hi Kyle, I have experience with both. Personally, i ve got 2 times payouts without any hassle from Apex. Also, what i like in them is the freedom to trade up to 10 contracts at a time (not all added up per time). With Topstep i had a problem as i trade with 5 micros and in Topstep they consider them the same as 5 minis. But many times there were opportunities in different markets but i couldnt open a second position as i had already reached the maximum of 5 micros! Last thing i dont like with Topstep is that namely you have 2,5k drawdown but in reality you have 1k as your position will close when you reach that limit. They say its for your own good but i find this quite restrictive.
I'm glad you haven't had any issues with Apex! Thats awesome. Topstep allows scaled micros on their TopstepX platform now. That said, I don't think developing traders should have to jump through so many hoops nor play the waiting game for their payouts. It's very clearly geared so the trader fails, which makes me question whether Apex truly moves any traders to a "live" account or wants them to succeed.
@@OpinicusTrades Totally agree that all the prop firms set so many rules hoping you will break one of them. I havent heard someone been moved to live account with Apex even though its clearly stated that it can be done. On the other hand, i know many people trading Live with Topstep. I agree, funding companies should be trated as a medium stage on funding our own live account in the end!
Well said!
but did u get paid in the end?
Not through Apex!
@@OpinicusTrades Did they end up paying the $10k!?
Why not the 20 300K accounts instead ?
Drawdown:Profit ratio is best on the 50k accounts. Will make a video on this in relation to prop firms in the future.
Most of these prop firms are quasi bucket shops and are not looking for real traders where the firm only gets 10%. Firms that put up real capital probably want closer to 50%. Altho day trading is more intense firms used to pay professionals just 20% of the profits .
Yeah I would agree with that. This firm certainly does not seem to want real traders.
Alright you broke a rule of theirs. You knew you might be breaking those rules, per your comment about others talking on X. What you can do is do another 10 days without DCA.
Wait so if I break the rule on may 1st, and withdraw may 15, or declined right so I gotta wait 10 days , what if I didn’t withdraw, will they still decline ?
What about top step..same thing?
Topstep is not without their own faults but my experience with them, personally, has been solid. Good firm to work with.
Ok..further in the video you say you like top step. They just dont offer the leverage apex does?
Exactly. Apex offers the option to trade 20 accounts, which you can link and "copy trade" - Topstep currently offers a max of 5. I was interested in the 20.
APEX is in trouble
Like all "trader funding" companies, a ponzi scheme is not a sustainable business model.
The rules state that you can DCA one time while in drawdown
Correct
Once or twice is reasonable...
That's what I did for 13 trading days and still got denied because of DCA. F* them (they will tell you DCA even if you did it once by mistake). Already cancelled the accounts and the monthly sub.
Yeah it sucks, but you can play by their rules, ONE add into a losing position is allowed.
I'm good. No reason to redesign my strategy to cater to a prop firm that I don't need. The video states I was looking for leverage. Shared my experience 👍
@@OpinicusTradesyoung and dumb mindset. "I won't pivot to make money" is very egotistical and narcissistic. The goal is to make money and the proof is in the pudding. They payout more than any other prop out there. Good luck sticking with Topstep. You'll find out soon that they have more rules than just 1 lol
Wade, The scope of what I was trying to do here went entirely over your head. I have been a self-funded trader for almost a decade. I was exploring Apex for leverage. It is not egotistical to say I will not diminish my edge to work with a firm that *might* payout.
@@realDesertRat I'm pretty sure that what he means is he's not changing a viable valid profitable trader's strategy for a prop firm not qualified to differentiate between dollar cost averaging from 1968 and advanced scaling trading strategies on Ninja Trader in 2024, and the risk of denying future payouts, and invalidating hard work is something only a fool would choose. 100% of 0, is still 0.
The money isn't even the most valuable component here. Time, trust and integrity is. They're right about one thing, it's about building relationships. Unfortunately what they are doing here breaks that trust.
Well I won't be going to Apex because that's the way that I trade, I scale in. Then I don't like their Trailing rule I was gonna give them a try but after this. NO WAY!
Yeah if you scale in, Apex is not the firm to use.
The funny thing is if you read apex contract it is written to the level that a 5th grader can understand. They use no lawyer jargon that takes a Harvard degree to understand.
They even walk you step by step in an example of what DCA means in the contract. Not sure what awareness there is to spread, you broke the rules. Did you still expect a pay out? I’m confused.
And what if you make 400 trades (you comply with everything and pass all rules and criteria to get a payout) but in a couple of trades you DCA beyond what is allowed by mistake (a simple limit order instead of a stop order will do it!) and you have your payout denied. Amazing right? That's scam. That's not finding profitable traders, that's finding excuses to keep your money. I cancelled all my PA accounts and I'm not using Apex anymore.
@@10ylater49 Yes, there are rules in life. If your break them there are consequences. In this situation do you expect apex to say "its ok, we will give you a redo on your error". No broker on the planet is going to give you a redo for fat fingering a trade order
@@10ylater49 Yes, there are rules in life. You break them there are consequences. Please name me one Broker that is going to allow you a "redo" a order for "fat fingering" your order submission. your argument holds no weight.
@@10ylater49 crazy amount of trades g
I take 1, max2 trades a day. if its a win I stop for the day if the first is L I try one more and hats it
Exactly. Use them as a tool and gtfo. Apparently most all people, therefore companies, get internally and morally corrupted at a particular monetary level. Low vibe beings with too much access.
Yep, agreed. Prop firms can be great tools to get that starting balance to then move to a self funded account.
At the end of the day the only thing that matters regarding prop firms, is how much are they actually paying out. And on that metric, Apex is ABSOLUTELY smoking it! Nothing comes even close. For example, Apex pays out more in ONE month than Topstep has paid out in their whole existance.
Transparency, eval/funded rules, payout rules, payout timing, customer service, technology... All things that are more important to the end user than how much a firm has paid out. That is a metric that very few actually care about, because it does not impact them at the end of the day.
That's what they claim. That was never been audited.
Extraordinary claims require extraordinary evidence.
@@hyperlicht my comment is 3 month old, I have lost all trust in Apex.
@@ufftatabummbummWhat happened? Planning to join
Cancel your last credit card payment and move to top step
APEX should have paid out first then enforce the rules. It’s just bad timing for everyone.
100% agreed. Also some info within the dashboard about whether or not you broke a rule would be incredibly helpful. So you aren't sitting there guessing about whether you'll be approved for weeks and weeks.
Next Tuesday on Topstep TV there will be e free reset and discounts due to 100k subs on TH-cam (goal achieved)
Nice, good info
Treat it as Gaming. Prop firms are gamified. Play their rules, you are paid. Their house their rules. If only you hadnt DCA'd, you would have been paid . Play the rules bro... It's gaming
For sure. Unfortunately for me, I was unaware of the DCA rule. All good, cut my losses and move on.
@@OpinicusTrades You didn't lose. You still have the accounts. Now you know. Keep trading them and get the payouts next payout cycle. It's not a scam.
The accounts were canceled as I did not have the lifetime activation. Not interested in continuing a relationship with this type of organization. It is what it is!
Bro apex a scam 99% prople womt even get to payout and that with zero rules
I gotten payout wym ,yall follow the rules and yall be good
Collab?
Sure 🤝
short version: broke rule, now mad denied for breaking said rule. Could be a 30 second video.
Not mad in the slightest but thanks for your comment Chris!
Be careful, Apex Trader Funding is a SCAM, it's a SCAM !!!
Is Apex scam?
I don't think they are a scam. Just know what you are getting involved with as far as rules and payout procedures.
I have just pasted use of DCA. Why are you misleading people. You clearly abused this no wonder they stopped your payout. You probably were just gambling.
Post your charts .. let's see your consistency.. I Got paid out 11 k for June
Only using 2 accounts now I'm copy trading using 7 accounts..im only making 300-400 per acount
I don't go for home runs and I only DCA once per trade when and if I do I try not to
I had a similar approach, shooting for $300-$500 per day with the $50k accounts. Consistency was not the issue here. If you don't mind the long withdrawal periods, unprofessionalism, and tight rule structure, more power to ya.
@@OpinicusTrades Payouts come every 2 weeks. They are 2 week cycles. Each cycle has a processing system. If you can get to being consistent in payouts the money comes every 2 weeks. That is pretty damn good in my opinion.
For the industry, it is one of the worst payout systems that I have seen. That said, my barometer for payouts is based on a self-funded account. Put in withdrawal, money is in account next day.
This man has explained himself and his views and still you trolls are on his a$$. I have been experimenting my strategies in apex and I find things to be really advantageous to Apex. To borrow an analogy your Basically trading with "one screen behind your back" LOL
Appreciated 🙌
They asked send stratigie into vidéo for free i'm done with them who would do that for free ;).
I just read the account rules. It clearly states no DCA. It wasn´t buried in the fine print as you suggested. I agree, they have a lot of hoops to go through and the tone in their documentation is quite a turn off. You just failed to read the rules, however. You have no basis no cry about it here. Makes you look very unprofessional.
Hi Eddie, did it dawn on you that, perhaps, after receiving thousands of complaints, the company updated their website? 🤯
And yes, in the video I mentioned I did not catch the rule. Thanks for relaying what I already said 🤝
So you just broke a rule… DCA is a rule with apex, I mean it’s just simple as that just don’t break their rules?
Their house, their rules. Admit you're in the wrong and if you want to DCA, stay away from the firms that don't allow it.
@@Mrborgir24 shut your scammin ass up
yep, like a job you don't like. Or like being in bootcamp in the Army or Navy. They're the boss, so they make the rules. How many reading this had fathers who told them, "As long as you live in my house, you will live by my rules."
A great way to tell a scam is if on the comments there alot of people def sing the cooonay amd putting down the people speaking out. This so done to scare other from speaking out APEX is 100% a scam
I dont get it. Trading is a game of details. You broke the rules, and are denied a payout with is ok, you even say so yourself. You even confirm you broke the rule on DCA. APEX state publicly, and in many videos tell kindly and in details, that they dont want windfall traders or gamblers. They look for consistent traders, thay can make both sides money, just liek a real tradingfloor. Thays why they tightened up the rules because of scam traders. Then you break them, and furthermore tells everybody, that you cant recommend them. You mean teh broker wil not recommed you. Ok that say more about you than APEX. A lot of straight up rule abiding traders have a profit blast at APEX, really earning some good money ø- to both sides. Maybe you should consider how creepy this is, when you then in the end recommend Top Step, with an bonus link for you. You broke the rules, you admit you broke the rules, you cant recommend the one telling you that - and then you sell links to another broker. Come on, you could do better than this.
The 5 hours of videos they released on their "simple rule process" were after an enormous wave of denials, including mine. It's a garbage product, this video was sharing my experience with said product. What is "creepy" is bootlickers defending this firm. Do you enjoy abusive relationships? lol
@@OpinicusTrades I've been with Apex for 3 years and I can say they have changed for the worst. It's as if they have declared war on the traders.
Just choose now trade funded❤
So... since you didn't follow their rules? You got payouts declined? An you're surprised by that? Funny. LOL - Obviously in May, you never read their rules... only ONE DCA allowed per trade. You coulda been making crazy bank with them bucked FUCKED it up. Good job dude.
I am surprised a company buries rules in fine print, yes. I didn't "fuck it up" either, Kevin. I traded my strategy 👍
You make 400 trades, you DCA outside the allowed scope by mistake on a couple of occasions (putting a limit order instead of a stop order is all you need to make that happen). You then have the payout denied because of that. Does it sound right? Does it sound normal business practice? They are "hiring" human traders, not bots.
Shocker, another TopStep Affiliate spreading FUD about Apex.. lol 😅😅
No, this was a real-life experience. Did you watch the video? 🤡
shocker, another apex shill calling real life problems with Apex FUD.
@@redwater-j9n scam artist
I think Apex has changed for the worst.