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Apteros Trading


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Apteros Trading

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  #1 (permalink)
Legendary Market Wizard
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I saw via twitter that Merritt Black has joined a new trading firm:


I was excited, because I'm open to any route to trading full-time. However, it looks similar in structure to many of the other current "trading combines" ie. you pay to tryout.

Here is their site with the details for those interested:
https://www.apterostrading.com/

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Legendary Market Wizard
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It looks like they throw in free training once you pass the tryout, that might be considered an added incentive here, not sure how much training the other combines are offering.

https://www.apterostrading.com/prop-desk

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Interesting ... yet another copy of TopStep?

Comparing their $50k "Tryout" with TST's, they want to see a $10,000 profit (TST $3,000) and they're charging twice as much for it ... also their profit-split when funded is 70/30 (TST 80/20). All rather surprising?

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Legendary Market Wizard
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Tymbeline View Post
Interesting ... yet another copy of TopStep?

Comparing their $50k "Tryout" with TST's, they want to see a $10,000 profit (TST $3,000) and they're charging twice as much for it ... also their profit-split when funded is 70/30 (TST 80/20). All rather surprising?

I agree, none of these combines ever seem to be a good fit for me personally, for various reasons. If I am expecting that I can make a $10k profit in a reasonable timeframe, before I have a $4k drawdown I definitely want to be trading my own account but that is just me.

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  #5 (permalink)
Revali, EE
 
 
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Few things to consider:

-Their clearing partner is edgeclear
-Company was registered August 6, 2020
-You have to trade minimum of 30 days, so even if you complete the tryout in 30 trading days, the total minimum cost is 2*$315.
-No trailing drawdown, but with 1.5k daily losslimit.
-$50,000 worth of buying power and use 100% CME maintenance margin sounds good on paper but unrealistic that you will even trade over few contracts due to 1,5k daily loss limit.

Looks like any other generic prop shop out there. And if you pass you can "Celebrate your accomplishment. You have earned it!"

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Kuuluud View Post
-You have to trade minimum of 30 days, so even if you complete the tryout in 30 trading days, the total minimum cost is 2*$315.


I hadn't noticed that - in that case, they're actually charging four times as much as TST, for (almost) the same thing. I find this very strange: they're apparently going into a market with a well-established, well known, 8-year-old "market leader", at 4 times the price?

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  #7 (permalink)
Columbus
 
 
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Tymbeline View Post
I hadn't noticed that - in that case, they're actually charging four times as much as TST, for (almost) the same thing. I find this very strange: they're apparently going into a market with a well-established, well known, 8-year-old "market leader", at 4 times the price?

I kind of got the impression that this was Merritt's shop. The website alone tells you there isn't much money backing the whole thing. It's a hard pass for me.

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