Any feedback on APEX TRADER FUNDING?

jtlexington said:
Laissez also left out several other points he's ignorant too because he's biased to hate every evaluations company, or just too lazy to go do research. I'm not doing it for you, but there's more info that does make Apex a very valid company.

But the little clan of haters on here would have you think otherwise. Plenty of funded AND paid traders with apex. Let me guess, you want proof? Go find it on plenty of forums and groups of people posting payout proof.
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Hello there, Darrel,

LOL.

I've done considerable research on these firms and have personal experience with a few. I know very well how these operations work and I understand the business model 100 %.

Also, I never said that it's not possible to get so-called "funded" (how you can get funded trading in a simulator is beyond me, though) or paid with one of these firms.

For futures trading, I maintain that E2T is the only option that's even worth considering.

Now, where is our disagreement?
 
mikeriley said:
I have not found that functionality without software integrated for NT8.
If it's possible, please share your results.

Thanks Overnight.
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Yes, I knew it was there...

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I tried setting something up, but it's bugging on me. I am sure NT8 is more robust than this old NT7 crap. The ease-of-use of that add-on may be worth the price, I do not know. When I get NT8 running again, I'll revisit it.
 
SelfMadeDude said:
I will not disagree that statistically speaking, these firms can be viewed that way.

But never once did I refer to them as "prop firms" --- as a matter of fact, in all of my previous ET posts, I am almost sure that 95% of my mentions refer to them as "funder firms." This alone tells you how I regard them.

I do not think that they are true WALL STREET/CHICAGO Prop Firms.

They have a purpose for traders who have decent skill and experience but lack capital.

LoL. One thing you have to give them credit for is their profit margin. :)
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You claimed earn2trade is the best option.
I saw you are trading their 150000 challenge with a profit target of 9000.
Myforexfunds equivalent challenge will only have profit target of 3000 in phase 1 and 1875 in phase 2, at a much cheaper cost.Beside, MFF doesn't have restriction on when to trade, no restriction on trade size, no consistency rule.
Fixed drawdown vs earn2trade trailing drawdown. MFF has no fee after you earn your live account, while for earn 2trade you will need to pay monthly exchange fee on your live account.For MFF you have one time free extension and unlimited free retries if you have positive balance at the end of challenge. For earn2trade in same situiation you will need to pay recurring monthly fee of $175.(For MFF total cost is $224 one time fee.)
Do you still think earn2trade is the best option?
 
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Laissez Faire said:
Both TopStep and E2T lets you trade a real money account, but TopStep have more restrictions and rules, so there's no reason to even consider them as an alternative to E2T.

Back to Apex:

Let's say you just by random luck manage to rack up $100K of profits. Hell, let's say 3 individual traders do it and Apex owe a $300K payout within the next 6 months (as it will take you at least that to pay out your money according to their "payout schedule").

Would you feel confident that you'll get your $100K or will they declare bankruptcy or come up with some bullshit rule/excuse, i.e., "We require you to trade the same was as in the Combine and you failed to do so."

I know that I sure as hell wouldn't. Hell no.

In fact, there was a case mentioned here on ET where a guy actually had $200K of profits with a simulator-forex company and the guy wasn't paid!
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I received a bunch of promotional emails from them. I watched a YouTube and was quite amazed at the numbers he posted (see attached). Now, if these are simulator accounts and he has to pay out these huge sums, the business would need backup financing in the millions. In another video at their website he says they have live money accounts for some traders who have proven their profitability. Then they copy those trades in another account. Supposedly, that's how they cover their six - profits from those accounts.
Once again, the margin requirements for live accounts making those figures would have to be quite large.
I tend to think the whole thing is fake. The numbers don't add up. He puts on a good show though.

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