Sure the company had a livestream about it ... basically the Russian site is fake ... it was a year or so ago I believe...a payout dispute so a customer fabricated that info

The requirements ensure an incredible number will fail, and the lovely thing about funded trader programs is that the 99% that fail will resubscribe the next month perpetually and indefinitely.

There’s nothing wrong with failure, there’s something wrong with failure when the objective is false in the first place And you’re being let along to resubscribe every month. You weren’t even doing the real thing that’s what’s sad.

It’s like you’re living a false life, and you know it’s false because every time that you do something stupid, you respawn for $49. You can imagine that life would be very comical and that people would accomplish nothing.

Whereby you put $500 into a futures trading account and trade micros ($1 a contract).


Here’s the deal, you just mentioned that emotional maturity is necessary, you don’t gain that till a few years into the thing, that means that the 99% that are the population of funded trader programs are simply fodder, they are customers paying indefinitely for an experience, the same as an experience of going to the movies and watching a favorite actor, 🤩 .

It’s simulacra!

Snap out of it.

When I read your replies, I feel like you are trolling here. Or maybe you haven't read whole thread from the beginning.

I think the image below doesn't need any additional explanations.




Let me ask you are a question, how many prop shop have you attended. In down under, i've enrolled in 2 office Prop shops not online one, and let me tell you, the rules are not much different to the one Apex is offering. Do you have any idea how many traders are actually made through out of group of 30 ?

It is not clear to me what have you got against the Prop shops, would it be Online prop shops like APEX or Office Prop shop. At the end of the day 99% is going to fail.

Where is the false life ? The key objective people come to trading is to make money. It may change to something else of course. Some people seats at the office prop shop and trying to figure out how to crack it on SIM because none of the firm will give you money. Don't forget, they also need to pay desk fee as well. Some people are choosing to do it at home using APEX like funding programs.

I also don't understand, why people keep bringing up "people should open the 500 account instead of paying monthly fee to APEX".

What you are not considering is circumstances of an individual. Having a family, and kids, and mortgage may not be an ideal situation for the individual. Or may be it is a student. Are you saying these people should stop trading or getting "brain stimulation" if trading is a game for them.

Personally am not interested in putting down 500 and blew it up after couple of weeks or days. I can enjoy that process for a year. Of course, if you have funds to fund your account go for it but many prefer to spend 50 dol per months, while they are going through the learning curve and building the skills. Some might do it for an emotional thrill.

You also seems to skipping that you still need to pay for the data fee, when I get it for free from APEX. If I blue up an account of something stupid as you said(I guess you meant to say not sticking to the rules) I am still happy to pay 50 dol, when next resets comes. This is the coast of the data. But I"m not happy to loose 500 that i putted down.

Market is the greatest teacher. Many do not have a successful traders who can seat with them and be trained. Let me tell you, I know ppl for whom to pass evaluation with solid rules like APEX is an achievement on it own, and I don't see them rushing opening an account.

It builds their confidence and even if they fail the funded account psychologically they already knows how climb that ladder. Some even said that they are treating their Apex accounts as a real account. They are already doing the baby step. I guess if I put you on the tennis court with a pro when you never played it would you have a chance? or you have a better chances growing mentally from ground up and playing smaller tournaments. Loosing small amounts.

Many posts before this one already mentioned the financial benefits of it. They are putting down 200 dol but can get payout of 3000. It seems like a not bad approach to "milk that cow", given main objective is to make money right ? How long would it take them with suggested 500 dol account. And dont forget you will be putting down your hard earn 500 dol.

All I wanted to say is what ever worked for you many not going to work for another. Trading is the journey, and Everyone is deciding on it is own what would be the beneficial to him. I am happy to open that account but I know I will loose it short after. Many prefers to pay for the service like APEX to would it be building screen hours trading and keep failing on the rules then re-setting and do the same thing again. It could also be a better choice then blowing up the 500 dol of you own account, and then end up paying for a data anyway so you can seat on SIM in NT8 or any other tool.

My only guess people who complaints about online prop shop rules who doesn't stick to R:R. At the end of the day, it is money management and Max DD is in place for it. If you are not happy with APEX, there is still Top Step that do not have trailing DD it is End of the day. But it is still there for a company to protect the capital.

Ahhh sorry, If I am an amazing trader why should I be trading for seven days when I can do it one day, and have access to the capital right after target reached???
and Why should I be trading my own capital if I can risk somebody else's money???


Sorry for a long read.


opinion

You said something really nice: you can have fun with the process for a year instead of losing your $500 in your micro trading account quickly. And you made a point that really made me stop and think—you want to enjoy the process. I was wrong to think you were trying to take this very seriously. In the first two years, it often feels like you’re stuck, not getting anywhere fast. But I want you to have fun. I want you to enjoy the exciting experience of trading, even if it’s just a simulation. I was mistaken, and I’m sorry. Go ahead and have your fun.


Being able to easily refill your trading account for a small fee, like $49 or $149, makes trading feel less serious. These trading programs act like a safety net and make it hard to see how tough trading really is. It took me over a year to really get this after using these programs. Why use them when micro contracts let you experience trading directly?

Again, just my opinion and I’m a man on a soapbox. But I hope people who are getting into this realize the difference between a simulated stimulating experience and the raw knife edge of the real environment, even if it’s just micro contracts. The real environment is in the mind and the mind is where the battle takes place. Knowing I’m in a simulated environment, it doesn’t prepare one for the fight.

Do you even read the responses before you go off about your hatred for Funded Trader programs? @tr8d3r gave a well-reasoned response, but you just ignored everything said.

But I do think we are getting somewhere now. You are looking at this through your lens of failure and think everyone is like you and cannot take these programs seriously. You have tried it for a year, couldn't make it work and cannot comprehend that it CAN work for other people, and you seem frankly very bitter about it.

I don't understand your hung up on a simulation account. Who cares? The data feed is real, the trades result in a real payouts - what is simulated about that? If you don't treat it as a business then yes, you will fail. If you don't follow your rules, are just messing around and are not profitable, then you don't get a payout. Just like with a real account. Making money in a funded trader account is just as hard as in a real account. The advantage of a funded trader account is that making $50 a day can be amplified to $20,000 a month over 20 accounts. How this is impossible for you to comprehend as an advantage is something that I cannot comprehend.

@tr8d3r also gave you several other well thought out reasons of the benefits of these programs. Maybe take some time reading and listening a bit more instead of just looking at each post as another opportunity for you to give your opinion, and you might be surprised at how much you can learn from others.

Look at this to see what is possible. What do you think his response will be if you tell him this is not real and that he really should stick to micros to make it real?

I trade eminis. And in the real market. This is just me on my soapbox. A singular opinion.

But I still think it’s a simulated stimulating experience. And it’s fun. I mean, and if you are enjoying that type of fun, who am I to stop you.

And thank you for the link. There’s a bunch of YouTubers making millions in trading. I don’t watch YouTube.

We’re still friends, Internet friends albeit :-)

Again, you are hung up on your preconceived notions, incapable if understanding another viewpoint, another way, and projecting your own failures onto other people. Because you were treating it as fun, you assume everyone else is treating it as fun. Some people are treating is as a business. This is the part you cannot understand, and it is clear that you never will and there really is no point taking this further.

PS: I am a little more selective when it comes to calling someone a friend.

Being able to easily refill your trading account for a small fee, like $49 or $149, makes trading feel less serious. These trading programs act like a safety net and make it hard to see how tough trading really is. It took me over a year to really get this after using these programs. Why use them when micro contracts let you experience trading directly?

Let me clarify for you, not all online prop shops are SIM trading. I've been funded with Leeloo, TopStep, and Earn2Trade. TopStep and E2T gives you real account straight after you passed your evaluation. Apex also setting you up with real account after 3 months.

The accounts usually blown on one rule, and it is Max DD. Sounds like you couldn't cope with this rule and transition to the real account helped you to move forward.

Journals are good in this forums. Any chance you can create a trading journal and share your trading stats. That will help moving this conversation from here as well as learning for others.

Three months will be good but 6 will be better. These are the 2 will do (MAx DD, R:R (MFE and MAE ).

I can respond further to your questions below in your Journal.

thanks

There's hundreds of sites listed there though. And quite a lot of information on the site, doesn't look fake.