You remind me of someone who used to post here.
Interesting. Why would they do this and specifically what are the differences from the 'standard performance accounts'?
Exactly.
I don't see Apex as anything other than a modern bucket shop and would hesitate to call it a funded account as there is zero funding and you're still trading in the simulator. Now, even if you pass the qualification there are rules to prevent you from withdrawing for obvious reasons (one being that it increases the chance of a rule break or blow-up before you can withdraw the entire account).
It should be clear as day that this and similar firms have zero intentions of letting anyone extract any money from the firm, so why waste your time here? At least some of the other firms puts you on an actual live account with no particular rules or limits on withdrawing money.
Anyway, I hope someone can give you some better advice on the next step.
Unless you're seeking a professional job or want to somehow gain access to more capital (difficult without a track record I would guess?), I suppose the harsh truth is that anyone who have an edge in the markets can exploit that and build a smaller account into a larger one by compounding. And after it's a larger one it can be built into a much larger one.
Best of luck.
Currently I am trading with APEX have funded accounts and have performed well enough for them to give me an actual live funded account (with a little bit more drawdown and few different rules than the standard Performance Accounts).
Interesting. Why would they do this and specifically what are the differences from the 'standard performance accounts'?
Yes, I do stand by the things I listed as being a hinderance for a business:
* There's a hard lock time limit on how much funds you can withdrawal.
* Even during and after that lock out time, there's still additional rules and guideless.
*They reserve the right to deny a pay out at their discretion.
*Commissions are eating up an additional 1-2 ticks of profit per trade(depending on plan)
*Data instability causes delayed entry and exit sometimes and it rarely ends up in my favor
Exactly.
I don't see Apex as anything other than a modern bucket shop and would hesitate to call it a funded account as there is zero funding and you're still trading in the simulator. Now, even if you pass the qualification there are rules to prevent you from withdrawing for obvious reasons (one being that it increases the chance of a rule break or blow-up before you can withdraw the entire account).
It should be clear as day that this and similar firms have zero intentions of letting anyone extract any money from the firm, so why waste your time here? At least some of the other firms puts you on an actual live account with no particular rules or limits on withdrawing money.
Anyway, I hope someone can give you some better advice on the next step.
Unless you're seeking a professional job or want to somehow gain access to more capital (difficult without a track record I would guess?), I suppose the harsh truth is that anyone who have an edge in the markets can exploit that and build a smaller account into a larger one by compounding. And after it's a larger one it can be built into a much larger one.
Best of luck.
