NexusFi: Find Your Edge


Home Menu

 





TST/OneUp/LeeLoo/Earn2Trade


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one EminiTraderCBOT with 23 posts (7 thanks)
    2. looks_two bobwest with 12 posts (54 thanks)
    3. looks_3 matthew28 with 12 posts (33 thanks)
    4. looks_4 Howard Roark with 9 posts (8 thanks)
      Best Posters
    1. looks_one bobwest with 4.5 thanks per post
    2. looks_two Merkd1904 with 3.5 thanks per post
    3. looks_3 matthew28 with 2.8 thanks per post
    4. looks_4 SBtrader82 with 2.6 thanks per post
    1. trending_up 52,547 views
    2. thumb_up 297 thanks given
    3. group 45 followers
    1. forum 140 posts
    2. attach_file 7 attachments




 
Search this Thread

TST/OneUp/LeeLoo/Earn2Trade

  #71 (permalink)
 tr8er 
Europe
Market Wizard
 
Experience: Advanced
Platform: TradeNavigator, BookMap
Trading: ES, CL, 6E, 6B
Posts: 704 since Jan 2017
Thanks Given: 220
Thanks Received: 709


TexasMade View Post
Apex trading does that as well letting you withdraw very little for 4 months and doesnt leeloo do the same thing?
4 months with a legi place that will pay is better than waiting for many months at a place like any of these money hungry funded places adding on rules to make it harder for traders to pass and prey on them for reset fees.

Im just gonna trade my own capital but as I said Apteros would be the only place I do IF i were to try any of them again. Earn 2 trade really fucked up the whole funded trader program for me. They are shady as hell and blamed me for issues out of my control.

Yep, looks interesting, they have real prop-commissions, but you only get 60% and have to pay $ 500.--/month desk fee (whatever this is and includes)

Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Deepmoney LLM
Elite Quantitative GenAI/LLM
Are there any eval firms that allow you to sink to your …
Traders Hideout
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Futures True Range Report
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
37 thanks
GFIs1 1 DAX trade per day journal
22 thanks
NexusFi site changelog and issues/problem reporting
22 thanks
The Program
20 thanks
  #72 (permalink)
 
matthew28's Avatar
 matthew28 
United Kingdom
 
Experience: Beginner
Platform: Bookmap
Broker: Stage 5, Rithmic
Trading: US Equity Index Futures
Posts: 1,250 since Sep 2013
Thanks Given: 3,500
Thanks Received: 2,532


tr8er View Post
...have to pay $ 500.--/month desk fee (whatever this is and includes)

That's a lot. I had missed that additional FAQs page. I guess that covers the mentoring costs of the 11am meetings and monthly reviews and also the TT feed.

You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
Reply With Quote
Thanked by:
  #73 (permalink)
 Jumpup78327 
New York, New York/USA
 
Experience: Intermediate
Platform: NinjaTrader, Tradovate
Trading: ES, NQ
Posts: 56 since Jan 2017
Thanks Given: 9
Thanks Received: 29


I think Uprofit has the best parameters for the eval and funded monthly sales. 10 day eval with no scaling End of day trailing drawdown for Funded you can withdraw without having to make a buffer the diff will be if its been less than 40 days they will take 50% of the withdrawal amount above a "buffer" is the normal split. 1 day payout via paypal

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #74 (permalink)
EminiTraderCBOT
Chicago, IL
 
Posts: 56 since May 2015
Thanks Given: 57
Thanks Received: 20


tr8er View Post
Yep, looks interesting, they have real prop-commissions, but you only get 60% and have to pay $ 500.--/month desk fee (whatever this is and includes)



I did not see the $500/mo. Desk fee with Apteros. That takes that option out.

I’m debating between LeeLoo, Apex or UProfit

Reply With Quote
  #75 (permalink)
Howard Roark
Oslo Norway
 
Posts: 438 since Aug 2018
Thanks Given: 389
Thanks Received: 529


matthew28 View Post
That's a lot. I had missed that additional FAQs page. I guess that covers the mentoring costs of the 11am meetings and monthly reviews and also the TT feed.

Yes. That's typical with these firms. There's a lot of stuff in fine print, but they don't go out of their way to show it.



caacapital View Post
I think Uprofit has the best parameters for the eval and funded monthly sales. 10 day eval with no scaling End of day trailing drawdown for Funded you can withdraw without having to make a buffer the diff will be if its been less than 40 days they will take 50% of the withdrawal amount above a "buffer" is the normal split. 1 day payout via paypal

Are you aware that they have a fee for setting up your account if you're funded?

https://help.uprofittrader.com/hc/en-us/articles/360050068711-Assignment-Fee


EminiTraderCBOT View Post
I did not see the $500/mo. Desk fee with Apteros. That takes that option out.

I’m debating between LeeLoo, Apex or UProfit

LeeLoo/Apex: Make sure the trailing drawdown on unrealized profits works with your trading style. It works for my scalping method, but not for my main method. Also, make sure you're comfortable with your initial 10K of profits taking you 5 months (!) to withdraw. For me, that's a dealbreaker.

Uprofit: See above regarding assignment fee.

Reply With Quote
Thanked by:
  #76 (permalink)
 
matthew28's Avatar
 matthew28 
United Kingdom
 
Experience: Beginner
Platform: Bookmap
Broker: Stage 5, Rithmic
Trading: US Equity Index Futures
Posts: 1,250 since Sep 2013
Thanks Given: 3,500
Thanks Received: 2,532


Howard Roark View Post
Yes. That's typical with these firms. There's a lot of stuff in fine print, but they don't go out of their way to show it.

I think in this case that is overstating it somewhat.
I looked at the main Apteros page that discusses the Tryout and it lists the FAQs for that Tryout.
https://www.apterostrading.com/prop-desk

Then at the end of that page there is a clear link to "See the full list of FAQs for Funded Accounts".
https://www.apterostrading.com/faqs

Tr8er read the page okay. I missed it because I was just having a quick skim through out of curiosity as I hadn't heard of the company before.
If anybody was considering signing up for this service, or any other funding company, the least they should do is take the time to fully read the site and properly understand the offer before paying up. The Apteros website is only six fairly concise pages after all.

You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
Reply With Quote
  #77 (permalink)
Howard Roark
Oslo Norway
 
Posts: 438 since Aug 2018
Thanks Given: 389
Thanks Received: 529


matthew28 View Post
Then at the end of that page there is a clear link to "See the full list of FAQs for Funded Accounts".
https://www.apterostrading.com/faqs

If anybody was considering signing up for this service, or any other funding company, the least they should do is take the time to fully read the site and properly understand the offer before paying up. The Apteros website is only six fairly concise pages after all.

Note that I'm not saying they are not providing the information. It's all there. And I fully agree that everyone should take the time tu fully read and understand the offer.

What I'm saying is that they do not go out of their way to show it. This - as far as I can tell - is true for ALL companies. With LeeLoo/Apex and OneUp I can only blame myself for not reading through the FAQ completely. To be honest - 5 months to withdraw 10K of profits is so ridiculous to me that it didn't even cross my mind to check that I would be able to withdraw money in due time. I knew it was an end of month payout and was fine with that - but I didn't realize there was a cap on withdrawals.

At this point I have little reason to believe Apteros is any different than the rest of these companies. The $500 desk fee is probably just an additional buck in their pocket.

But I may be wrong...

Reply With Quote
Thanked by:
  #78 (permalink)
nikto
Düsseldorf , Germany
 
Posts: 85 since May 2016
Thanks Given: 92
Thanks Received: 60

Apteros can set you as "Retail Trader", in this case you dont have to pay the 500 USD monthly fee but you will get retail commission and fees. In case of CL is about 1.50 RT to 4.30 RT

In my opinion there are only two reliable companies Apteros and e2t. All other companies have dealbreaker rules or are very suspicious.

Reply With Quote
Thanked by:
  #79 (permalink)
 Jumpup78327 
New York, New York/USA
 
Experience: Intermediate
Platform: NinjaTrader, Tradovate
Trading: ES, NQ
Posts: 56 since Jan 2017
Thanks Given: 9
Thanks Received: 29


Howard Roark View Post
Yes. That's typical with these firms. There's a lot of stuff in fine print, but they don't go out of their way to show it.




Are you aware that they have a fee for setting up your account if you're funded?

https://help.uprofittrader.com/hc/en-us/articles/360050068711-Assignment-Fee


.

yes so does Leeloo and Apex I do the 50k the fee is a 1 time fee of 150. Apex is monthly Leeloo and Apex limit your withdrawals for 5 months its 1 day a month . The trailing drawdown is for me is a huge barrier

Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
  #80 (permalink)
 
qsceszwasdx's Avatar
 qsceszwasdx 
Taipei Taiwan
 
Experience: Intermediate
Platform: TV, SC, QT
Broker: Interactive Brokers & Taiwan local brokers & AMP Futures
Trading: Stocks, Commodity & Index Futures
Posts: 117 since Jan 2017
Thanks Given: 135
Thanks Received: 100


Um...why would some traders want to trade through these firms without trade their own fund?

Their monthly subscription fee is higher than most platform and data feed monthly fee.

And seems have many restrictions...

Reply With Quote




Last Updated on May 12, 2023


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts