mrburns 

Regulations should be sufficient explanation. This business is over regulated, but one way or the another, the subject of regulation (i.e., Apex) must comply. Do you believe that Apex would prohibit any specific country voluntarily?

It may be. Anticipatory obedience. After all, they are the only one who behave this way. And which regulations should that be?

pipandrun 

It may be. Anticipatory obedience. After all, they are the only one who behave this way. And which regulations should that be?

It's all there

Why are certain countries not available for new service or NO LONGER available for New or Additional accounts?
There are multiple reasons that certain countries may not be available for service at this time, some of these reasons could be, but not limited to:
* Countries with certain sanctions.
* Countries that are embargoed.
* Countries that certain platforms, brokers, Prop Firms, or data providers are not able or willing to service or open live accounts for, as this would affect the ability to properly service traders without the ability to give access to trade live funds.
* Countries with a historical higher level or potential fraud risk including but not limited to: credit card fraud and fraud rings, identity theft, hacking, credit card charge backs, phishing scams, online theft or fraud, wire fraud, financial frauds, etc. Also to include countries that have limits or restrictions in the amount per year that can be spent on a credit card overseas (outside their country) which limits the ability to pay for recurring charges and causes the use of credit cards that are not in their name, but use of multiple credit cards, in multiple individuals' names. This is not allowed as each trader must purchase and pay for all accounts with cards in their own name.
* Countries we are not able to provide service and training to at the high level of service that Apex strives for. For example language barriers, communication, service reps that speak the common language of that country, training materials and videos available in that language. These things being an issue can create a situation where we are not able to educate and service the trader to the high level that we strive for. In the future we do plan to expand the service and training department, convert training materials and videos into other languages and have staff to support it ongoing. At which point some countries from the list below could then be able to be part of the Apex Community and we look forward to that day!
* Countries unavailable or on a restricted list with certain payment services ( Deel- Paypal etc ) , apps, companies, or on a restricted wire transfer list. NOTE: As of September 30th 2022 all Apex payments for PA Accounts and Affiliate payouts will go through DEEL which does have a restricted countries list and will also require account and ID verification, in order to receive payments.

mrburns 

It's all there

I consider these "reasons" as a great "Blabla". With them you could just forbid every country.....pure arbitrariness.

pipandrun 

I consider these "reasons" as a great "Blabla". With them you could just forbid every country.....pure arbitrariness.

Fair enough. Speaking of which, everyone can go thorough the US sanction list, but does it worth the time?

https://home.treasury.gov/policy-issues/office-of-foreign-assets-control-sanctions-programs-and-information

https://home.treasury.gov/policy-issues/financial-sanctions/sanctions-programs-and-country-information

I happened to watch one of Apex's recent videos. He talks about their activation fee cost versus other prop shops. He used a $250K example. If you pass the evaluation, there's a $300 fee to activate the account.
You can buy up to 20 copier accounts. So if you buy into these copier accounts, you face a huge cost just to activate them i.e. $6,000 if you bought 20 $250K accounts.

No one seems to talk about this activation fee. There's a bunch of people who act as referrals and get paid by Apex. None of them mention the activation fee as far as I can see.

The attached is from their website, but they don't say anything about the copier accounts so I'm assuming each account has activation fee. Even on their smallest account - $25K - 20 accounts would cost $2,600 to activate.

Anyone know if this is correct about the activation fee?


activation fee

There is an account fee of 85$/month for a funded account too.

phantomtrader 

I happened to watch one of Apex's recent videos.

No questions allowed on the YouTube channels either - the affiliates and APEX are blocking certain accounts. Shows up if it's your account, but sign out and sign in under another account, and the questions disappear.
This guy has done it numerous times:

phantomtrader 

I happened to watch one of Apex's recent videos. He talks about their activation fee cost versus other prop shops. He used a $250K example. If you pass the evaluation, there's a $300 fee to activate the account. You can buy up to 20 copier accounts. So if you buy into these copier accounts, you face a huge cost just to activate them i.e. $6,000 if you bought 20 $250K accounts. No one seems to talk about this activation fee. There's a bunch of people who act as referrals and get paid by Apex. None of them mention the activation fee as far as I can see. The attached is from their website, but they don't say anything about the copier accounts so I'm assuming each account has activation fee. Even on their smallest account - $25K - 20 accounts would cost $2,600 to activate. Anyone know if this is correct about the activation fee? activation fee

This is the fee if you don’t want to pay 85 monthly fees in the funded account, it’s a 1 time fee.

phantomtrader 

I happened to watch one of Apex's recent videos. He talks about their activation fee cost versus other prop shops. He used a $250K example. If you pass the evaluation, there's a $300 fee to activate the account.

trendisyourfriend 

There is an account fee of 85$/month for a funded account too.

I'm not sure I have this right, so if someone who knows how it actually works can tell me, I would appreciate it.

But do I understand that once you get funded with Apex, you also have to pay them a monthly activation fee to trade with them, unless you pay the one time lifetime fee? Why?

I may have misunderstood the situation, but I don't think I would do that. Isn't the idea that the funded traders split their profits with the company, so the company benefits from having them trading for them?

I think there is sometimes distrust about the funding companies as a class, and I don't want to fall into that without understanding the situation. But can someone explain (preferably without distrust, just with the facts) how this is a good idea, or a bad idea, for the trader?

Maybe I just didn't understand something, but this isn't how the other companies are doing this. Does Apex just have their own twist on it? (Which may not be necessarily bad... But how does this work for the trader? It has to benefit both parties to make it a good deal.)

Bob.

phantomtrader 

No questions allowed on the YouTube channels either - the affiliates and APEX are blocking certain accounts. Shows up if it's your account, but sign out and sign in under another account, and the questions disappear. This guy has done it numerous times:

Youtube has shadow banning like Twitter? since when? what is wrong with medias these days