Trying to Manage these Trading Combines. Anyone else?

[p0box4]

View attachment 305563 Apex has huge activation fees. That's where they screw over their clients. Every copy account requires an activation fee. Start adding that up and Apex is probably the most expensive out there.

Not true.

Damn, all these uninformed liars out here .

You either pay that 1 time fee, one fee and done forever, or $88 per month.

A lot cheaper than the competition. Also, no-one forces anyone to buy more than 1 account, so stop comparing multi account fees to 1 account fees ...

 

[p0box4]

This. Apex made some very user-friendly rules changes lately, but they also have some very murky language in their rules—look at the part about trading news, for example. Apex doesn't clearly define what is and isn't news and exactly what counts as trading it.

On the other hand, Apex reguarly offers steep discounts -- 70-90% off. So it's worth picking up a few accounts for $20 or whatever, even if you treat them as disposable practice accounts to test strategies.

Topstep is very expensive by comparison, and the rules are unforgiving, especially considering the price point. But Topstep has the clearest documentation of all the futures prop firms I've seen.

I would look into FTMO. It's CFDs, not futures, but the company is well-established and their swing accounts have very favorable rules compared to almost every futures prop, including better drawdowns. You also get free resets if you fail the combine but remain in profit. The big downside, in the U.S. at least, is that you have to place orders using MetaTrader.

Because news trading isn't disallowed by Apex, they just don't want someone going all in on every news release and gambling.

Nothing wrong with that, if that's the strategy you are better of going to the casino and put it all on black or red anyway.

Apex is one of the most transparent companies out there, every rules is explained in great detail in the FAQ. If someone doesn't understand it after going through everything the issue isn't Apex, it's them.

 

[ZTrader888]

As long as they pay fair and square. By signing up multiple accounts a few will surely fail but if one or two get thru then a good trader can get back in excess of costs.

The activation fees are a big part of how they make their money. Their discounts are ridiculous - 50-80% off to get the person hooked. But you NEVER see a discount for activation fees. The activation fee is like a reset fee as well. If you fail after you're funded, you have to pass the evaluation again, pay a reset fee and then the activation fee again. The evaluation period is so short that I'm sure a large percentage of funded traders find themselves in that predicament. Apex is the wild west of that business model. There are better options out there.

 

[ZTrader888]

Because news trading isn't disallowed by Apex, they just don't want someone going all in on every news release and gambling.

Nothing wrong with that, if that's the strategy you are better of going to the casino and put it all on black or red anyway.

Apex is one of the most transparent companies out there, every rules is explained in great detail in the FAQ. If someone doesn't understand it after going through everything the issue isn't Apex, it's them.

You must be smoking some strong stuff!

 

[p0box4]

The activation fees are a big part of how they make their money. Their discounts are ridiculous - 50-80% off to get the person hooked. But you NEVER see a discount for activation fees. The activation fee is like a reset fee as well. If you fail after you're funded, you have to pass the evaluation again, pay a reset fee and then the activation fee again. The evaluation period is so short that I'm sure a large percentage of funded traders find themselves in that predicament. Apex is the wild west of that business model. There are better options out there.

Seems like you are the one smoking some weird shit .

Half of what you say is plain old BS.

 

[ZTrader888]

There are better options than Apex. Apex is not transparent. All you need do is review their website. It's a chaotic mess.

 

[Nikto]

Apex has a live trailing drawdown, this is a huge disadvantage. Can someone explain to me why anybody trade with Apex instead of a competitor with a end of day drawdown?

 

[ZTrader888]

The game is fixed with Apex. There are enough complaints and negative comments about them both here and on other forums. If Apex doesn't keep that engine rolling, they'll blow up.

 

[p0box4]

Apex has a live trailing drawdown, this is a huge disadvantage. Can someone explain to me why anybody trade with Apex instead of a competitor with a end of day drawdown?

Most competitors have trailing draw down as well. Some have no trailing draw down during eval but do have trailing draw down in the funded account.

Only 2 companies i know of have no trailing draw down at all, Uprofit and Bulenox.

Anyway, i have read Apex is working on end of day draw down accounts as well.

 

[p0box4]

The game is fixed with Apex. There are enough complaints and negative comments about them both here and on other forums. If Apex doesn't keep that engine rolling, they'll blow up.

Only from people like you who either are lying or don't understand the very clearly explained rules and then blames someone else.