It's a ponzi scheme.
20 x 150K APEX ROADMAP
- Thread starter Sekiyo
- Start date
The limit on the 250k and the 300k suck
But below them it’s not a big issue.
2,750$ limit withdrawal, every 10 days, on the 150k means you have to double your account every month (5,000$ DD).
If you can’t withdraw everything (Residuals) then it allows you to trade on a bigger margin. The stop trails up to breakeven + 100$. Anything else is more margin.
If I make 6,000$ thr first month. I’ll withdraw 2,750x2 or 5,500$. Residual is 500$ which makes my max DD 5,000+500$ or 5,500$
Now I can risk 550$ (10%) versus 500$
The biggest red flags would be their stop trailing the open equity high + their discretion about rules + their ability to pay your due.
But below them it’s not a big issue.
2,750$ limit withdrawal, every 10 days, on the 150k means you have to double your account every month (5,000$ DD).
If you can’t withdraw everything (Residuals) then it allows you to trade on a bigger margin. The stop trails up to breakeven + 100$. Anything else is more margin.
If I make 6,000$ thr first month. I’ll withdraw 2,750x2 or 5,500$. Residual is 500$ which makes my max DD 5,000+500$ or 5,500$
Now I can risk 550$ (10%) versus 500$
The biggest red flags would be their stop trailing the open equity high + their discretion about rules + their ability to pay your due.
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"The biggest red flag would be their stop trailing the open equity high"
This is the most ridiculous rule and it's probably overlooked by most traders. What it means is that a trader has to be a crystal ball operator to know exactly where the high/low is to get out of a trade. If the trade starts to retrace, the smart trader gets out. But with Apex, you're penalized for doing the right thing.
Their "discretion" is time spent figuring out how not to pay a trader. And they have plenty of angles. There was a guy who posted on another board whose IP changed and they refused to pay him.
This is the most ridiculous rule and it's probably overlooked by most traders. What it means is that a trader has to be a crystal ball operator to know exactly where the high/low is to get out of a trade. If the trade starts to retrace, the smart trader gets out. But with Apex, you're penalized for doing the right thing.
Their "discretion" is time spent figuring out how not to pay a trader. And they have plenty of angles. There was a guy who posted on another board whose IP changed and they refused to pay him.
2,750$ limit withdrawal, every 10 days, on the 150k means you have to double your account every month (5,000$ DD).
That's all you need to know to prove that it's a ponzi scheme. The limits are a red flag.
It’s good enough for scalpers but you won’t be able to swing a position through peaks and valleys.
The journal is an attempt at proving they’re legit enough to pay out their dues. Let’s see
I’ve seen the IP thing guy. Another one been accused of Copy trading another trader.
Trailing stop is what almost all of these companies have.
I don't understand why some say their rules are unclear, in my opinion they aren't...
No… it means the limit is high enough for you to be able to withdraw most of your performance (up to 2x a month).
If you more than 2x your account then you’re stuck with growing your margin, account, max DD
Well I wish you luck. But if it doesn't work out, I strongly suggest you look to another company. Apex will probably blow up at some point.
Proof it, because that means absolutely nothing. You don't have to double anything at all ... What tf are you even talking about ...