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ApexTraderFunding.com experience and review


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ApexTraderFunding.com experience and review

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  #41 (permalink)
Howard Roark
Oslo Norway
 
 
Posts: 367 since Aug 2018
Thanks: 331 given, 389 received


andrej View Post
Happy to help. I've got funded for the E2T's Gauntlet (not mini) 3 years ago, and got real live account right away (no sim). I've traded it for several months, and requested/received payments. I placed orders with Rithmic Pro, NT8 was not supported. For US based traders there are different accounting rules, outside use W8 form. If you decide to try them make sure you ask all possible questions that come to your mind, so you do not get any surprises later. I got 70:30 profit split, but expected 80:20 etc.

80/20 is what they promote on their website at least.

Are you still trading with them?


Quoting 
I've said this before.. if you have a real edge, and stick to your rules/plan, you can pass any evaluation or stay profitable being funded or with a broker. Just release the tension of looking after "the best" funding traders platform. Also release the tension to make it big asap. Treat trading as a child's play, it really is for retail traders. Many children get upset and revengeful with other competitive games too. Sometimes they get bored and brake the rules..

Good points. I'm done looking, though. I still think my criticism of Apex is valid. E2T is a different ballgame. No rational trader would want their money locked up for 6 months when the competition allows for full withdrawal from day one.


Quoting 
Another thing, have you noticed any change in your perception or did you decide to change the plan trading your account.. are you scalping, go for longer shots, both?

At the moment I'm doing both.

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  #42 (permalink)
 andrej 
London, UK
 
Experience: Master
Platform: NinjaTrader
Broker: NinjaTrader Brokerage, AMP
Trading: Futures
 
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Posts: 33 since Oct 2015


Howard Roark View Post
80/20 is what they promote on their website at least.

Are you still trading with them?

No, traded for approx. 6 months, lost E2T funded on a wild day being reckless. At that time I had a broker's account too, so kind of wanted to trade one account only, and my shadow helped me fuck up, see..



Howard Roark View Post
Good points. I'm done looking, though. I still think my criticism of Apex is valid. E2T is a different ballgame. No rational trader would want their money locked up for 6 months when the competition allows for full withdrawal from day one.

Yes, they are basically waiting for a trader to get reckless, and almost everyone gets crazy and does stupid thing(s) in 6 months trading.

What concerns me more is that Apex/Leeloo, and similar shops might be selling our data, (through Rithmic) to big cats to feed their AI engines (for different purposes that won't go into detail), practice called payment for order flow. It does not matter if the orders and positions are in Sim environments.

This is what your intuition (or rather paranoia) might be telling you, so you've been asking around a lot how many traders have stayed funded and profitable and for how long. Most take the profits (100%, no spilt amount) and go... and might do the same several times at several shops.

Rob-da-shop and go that's healing for you. It needs a custom plan, just for that purpose, though. With Apex I think (depending on their rules) it can be done with 2 big trades, and not too perfect entries too, just catch two good trending days. One for evaluation and one when funded. Even if you need to try it for 3-4 times before succeeding.. do the math. Have you heard that simple things are hardest to think of and do?


Howard Roark View Post
At the moment I'm doing both.

Good, start automating some of your scalping setups. Go for longer shots (few days) at right time/place, day trading is exhausting and triggers stupid actions to release tension, real money is won by sitting not trading.

It's a child's game, intelligence is not needed, just stupid rules, smart setups, and some luck.

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  #43 (permalink)
 andrej 
London, UK
 
Experience: Master
Platform: NinjaTrader
Broker: NinjaTrader Brokerage, AMP
Trading: Futures
 
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Posts: 33 since Oct 2015


It takes 3 trades to complete Apex journey for 10K full payout. Go figure..

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  #44 (permalink)
biotic
Ostrava Czech Republic
 
 
Posts: 16 since Mar 2018
Thanks: 12 given, 25 received

Hi all,

so my friend has qualified with APEX some time ago and the first 2750USD withdrawal was no problem.
But now she is waiting for the second withdrawal and sent a mail to support, because she did not receive it yet.

Not sure, if the issue is not on her side, but since I just finished my personal evaluation and would need to pay the 85 USD fee for data/license/etc today I am now a bit nervous

So would really be interested to hear, if anyone here received payments from APEX lately?

When it comes to the payout plan, at least for me that is not an issue, because I only trade a 50k with micros. In my evaluation I made 200 USD per day on average, 15 of 15 days I finished green.

IMHO most traders fail, because they simply use too much leverage. Those evaluations and funded accounts are paper cannons, crazy amount of contracts, titled "50k" yet I only have 2500 cushion, some offer only 2k. Sorry, but even trading one mini is already ultra risky, since 2% of 2500 is only 50 bucks (for your SL according to good risk management practice).

And yes, I feel the business model of most funding companies is usually centered around fees and not so much about funding successful traders and receiving their cut.

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  #45 (permalink)
biotic
Ostrava Czech Republic
 
 
Posts: 16 since Mar 2018
Thanks: 12 given, 25 received


andrej View Post
What concerns me more is that Apex/Leeloo, and similar shops might be selling our data, (through Rithmic) to big cats to feed their AI engines (for different purposes that won't go into detail), practice called payment for order flow. It does not matter if the orders and positions are in Sim environments.

This is what your intuition (or rather paranoia) might be telling you, so you've been asking around a lot how many traders have stayed funded and profitable and for how long. Most take the profits (100%, no spilt amount) and go... and might do the same several times at several shops.

PFOF is really a major issue in the stock market right now:
https://markets.businessinsider.com/news/stocks/stock-brokers-made-billions-pfof-gamestop-craze-robinhood-charles-schwab-2022-2

While it is cool, that retail does not have to pay commissions, one might wonder, why institutions would pay so much money, if they would not make a LOT more money by (ab)using the data. Latest development seems to indicate that since internalizers like Citadel handle the vast amount of retail orders, price discovery is seriously disrupted.

When it comes to futures, since most of trading is automated and I guess self learning AI is already an issue nowadays, i would not be surprised, if Rithmic data would be used to better understand retail behavior and to optimize their automation.

And to me it seems that you either have few rules but limits on payout - or more difficult rules and instant payout - as options. In both cases it is understandable, that funding companies have to protect themselves to be profitable. They can not survive, if they allow lucky traders to cause them massive losses.

In that sense the E2T approach might be more straightforward. The daily loss limit combined with the consistency rule will over 15 days eliminate most unskilled/undisciplined traders. So they can pay out the skilled ones immediately. While others lure in traders with the easy rules, while prolonging payouts so most of the unskilled/undisciplined traders will not make it to the point, where they can withdraw big time.

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  #46 (permalink)
 cdnftrstdr   is a Vendor
 
 
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Posts: 99 since Apr 2020
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biotic View Post
Hi all,

so my friend has qualified with APEX some time ago and the first 2750USD withdrawal was no problem.
But now she is waiting for the second withdrawal and sent a mail to support, because she did not receive it yet.

Not sure, if the issue is not on her side, but since I just finished my personal evaluation and would need to pay the 85 USD fee for data/license/etc today I am now a bit nervous

So would really be interested to hear, if anyone here received payments from APEX lately?

When it comes to the payout plan, at least for me that is not an issue, because I only trade a 50k with micros. In my evaluation I made 200 USD per day on average, 15 of 15 days I finished green.

IMHO most traders fail, because they simply use too much leverage. Those evaluations and funded accounts are paper cannons, crazy amount of contracts, titled "50k" yet I only have 2500 cushion, some offer only 2k. Sorry, but even trading one mini is already ultra risky, since 2% of 2500 is only 50 bucks (for your SL according to good risk management practice).

And yes, I feel the business model of most funding companies is usually centered around fees and not so much about funding successful traders and receiving their cut.

I've received payments end of Nov, Dec and January no issues.

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  #47 (permalink)
 ApexTraderFunding   is a Vendor
 
 
ApexTraderFunding's Avatar
 
Posts: 24 since Jan 2022
Thanks: 25 given, 37 received


biotic View Post
Hi all,

so my friend has qualified with APEX some time ago and the first 2750USD withdrawal was no problem.
But now she is waiting for the second withdrawal and sent a mail to support, because she did not receive it yet.

Not sure, if the issue is not on her side, but since I just finished my personal evaluation and would need to pay the 85 USD fee for data/license/etc today I am now a bit nervous


Please tell your friend to open a ticket, so it can be investigated

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  #48 (permalink)
biotic
Ostrava Czech Republic
 
 
Posts: 16 since Mar 2018
Thanks: 12 given, 25 received

@ cdnftrstdr

Thanks for the info!

So far we both like the experience with APEX, my friend even has now 3 performance funded accounts. But payouts are naturally the most important factor.

@ ApexTraderFunding

Thanks for the quick reply!

I have talked to my friend and she told me she received a call now and she should receive the payment soon. Thanks for taking care!

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  #49 (permalink)
Baudo
Utrecht, Netherlands
 
 
Posts: 31 since May 2019
Thanks: 20 given, 68 received


matteo83 View Post
Do we have any proof that this company ever paid a penny to their profitable traders?


Looking forward to test this one out.

Not too much information about it
Made the profit target, waiting to finish the 10 days


I'll let you know if it's a scam or not
I'll be back here with a full review

Rules are very clear and minimal
I guess a lot of clients will fail sooner due to the higher lot sizes / trailing drawdown

Anyone else already experiences regarding a funded APEX account and payouts?

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  #50 (permalink)
 ApexTraderFunding   is a Vendor
 
 
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Posts: 24 since Jan 2022
Thanks: 25 given, 37 received



Baudo View Post
Looking forward to test this one out.

Not too much information about it
Made the profit target, waiting to finish the 10 days


I'll let you know if it's a scam or not
I'll be back here with a full review

Rules are very clear and minimal
I guess a lot of clients will fail sooner due to the higher lot sizes / trailing drawdown

Anyone else already experiences regarding a funded APEX account and payouts?

We are definitely not a scam though.
Good luck on your journey :-)

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