You are not understanding the funding evaluator business model. It's explained clearly in my posts earlier. There's also a video posted a few pages ago that goes through it.
The majority of these evaluation companies put funded traders into live sim. Very few end up in cash accounts for the...
Another analysis piece that’s inaccurate.
Any firm that has funded traders in sim is violating one of the pieces of legislation that the CFTC are going after MFF for.
The author of that piece also fails to make the connection that paying funded traders profits from evaluation fees is a clear...
If this is still alive for you:
https://www.elitetrader.com/et/threads/20-x-150k-apex-roadmap.375298/page-20#post-5854821
it sounds like you’re mainlining hopium
Other risk in this space is if the live sim infrastructure providers, e.g. Rithmic/Tradovate get hit with a cease & desist for provision into live sim operators. Then it doesn't matter where any evaluator is located.
https://support.leelootrading.com/kb/a17/3_-the-investor.aspx
Leeloo™, through its proprietary software platform, provides individual traders an opportunity to test their skills in the market with simulated currency and the potential for payouts via periodic performance based contests, well...
https://apextraderfunding.com/terms-conditions.html
For the purpose of simulated profit made in a pa account sim payout, compensation is based on the performance achieved in the simulated account. It's apex's obligation to fulfill payouts of amount due to customer as an independent contractors...
1. Read the full complaint, especially:
Count V: Off-Exchange Retail Commodity Transactions in Violation of Section 4(a) of the Act, 7 U.S.C. § 6(a)
Against All Defendants
151. The allegations set forth in paragraphs 1 through 101 above are re- alleged and incorporated as if fully set forth...
TopStep original put everyone into cash once funded. Their "Express Funded Account" is a relatively recent introduction.
The futures evaluator space has seen 5x expansion in the past 2-3 years.
All the futures evaluators disclose live sim for funded traders. Just because it's disclosed does...