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Search: Posts Made By: planetkill

Forum: Trading Reviews and Vendors

September 19th, 2023, 03:56 PM

Replies: 71

Sellers of shovels are getting rich!

Views: 7,990

Posted By planetkill

So basically just another business acting as a...

So basically just another business acting as a forex B-Book broker (unregistered), the founder must have thought swapping deposits with eval fees would protect him.

I suspect they chose the wrong...

Forum: Trading Reviews and Vendors

September 19th, 2023, 01:01 PM

Replies: 71

Sellers of shovels are getting rich!

Views: 7,990

Posted By planetkill

Thank you! I wonder what exactly this means: ...

Thank you! I wonder what exactly this means:

The CFTC has alleged, among other things, that: (a) the Defendants entered into leveraged foreign exchange and commodity transactions with retail...

Forum: Trading Reviews and Vendors

September 19th, 2023, 09:51 AM

Replies: 71

Sellers of shovels are getting rich!

Views: 7,990

Posted By planetkill

100% agree. It's a fact that majority of retail...

100% agree. It's a fact that majority of retail traders lose money. These prop firm traders are no different.

But from a business perspective, Apex doesn't necessarily lose money when they payout...

Forum: Trading Reviews and Vendors

September 18th, 2023, 09:11 PM

Replies: 71

Sellers of shovels are getting rich!

Views: 7,990

Posted By planetkill

Disagree, that's still not a ponzi the same way...

Disagree, that's still not a ponzi the same way daily fantasy football isn't a ponzi.

And I find it hard to believe Apex isn't pulling in at least 2M in fees per month. This thread started about...

Forum: Trading Reviews and Vendors

September 16th, 2023, 09:43 PM

Replies: 71

Sellers of shovels are getting rich!

Views: 7,990

Posted By planetkill

But the point is there aren't any investors...

But the point is there aren't any investors...

Forum: Trading Reviews and Vendors

September 15th, 2023, 03:44 PM

Replies: 71

Sellers of shovels are getting rich!

Views: 7,990

Posted By planetkill

Another example is daily fantasy sports. Not...

Another example is daily fantasy sports. Not regular sports betting with balanced books, but specifically daily fantasy with apps like DraftKings. The payouts all come from participants pooling...

Forum: Trading Reviews and Vendors

September 15th, 2023, 03:11 PM

Replies: 71

Sellers of shovels are getting rich!

Views: 7,990

Posted By planetkill

I've got just a bit over 20k from Apex Deel...

I've got just a bit over 20k from Apex Deel payouts, and obviously spent way less than that on eval fees.

Regarding losing money when you succeed, another example is the lotto. They lose money...

Forum: Trading Reviews and Vendors

September 15th, 2023, 10:38 AM

Replies: 71

Sellers of shovels are getting rich!

Views: 7,990

Posted By planetkill

I think Apex just may need to change their...

I think Apex just may need to change their marketing pitch, but I believe the actual business model is legit.

For example, take a look at one of their competitors, Leeloo. They've changed their...

Forum: Trading Reviews and Vendors

September 15th, 2023, 10:35 AM

Replies: 71

Sellers of shovels are getting rich!

Views: 7,990

Posted By planetkill

I highly doubt the claim of "ghost" orders. I'm...

I highly doubt the claim of "ghost" orders. I'm in a few discord groups myself where I've seen people post that, and I think it's just that those people are just not very proficient with their...

Forum: Trading Reviews and Vendors

September 11th, 2023, 11:03 AM

Replies: 71

Sellers of shovels are getting rich!

Views: 7,990

Posted By planetkill

Also reading the complaints, it sounds like...

Also reading the complaints, it sounds like MyForexFunds was doing other things besides only prop firm activities like TopStep, Earn2Trade, Apex, etc.

"The CFTC also alleged that My Forex Funds...

Forum: Trading Reviews and Vendors

September 11th, 2023, 10:42 AM

Replies: 71

Sellers of shovels are getting rich!

Views: 7,990

Posted By planetkill

Typically companies only get investigated when...

Typically companies only get investigated when they screw customers/investors over and those customers/investors file regulatory complaints. If they were paying everyone out, then no one would...

Forum: Trading Reviews and Vendors

September 11th, 2023, 10:24 AM

Replies: 71

Sellers of shovels are getting rich!

Views: 7,990

Posted By planetkill

Very true! To grow the big that fast, they...

Very true! To grow the big that fast, they probably spent a lot on affiliate commissions. Wouldn't be surprised if at least 50% went to affiliates

Showing results 1 to 12 of 12

What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

Limited trading instruments
High platform usage fees
Lack of support or mentorship
Unrealistic rules and requirements
No significant challenges
Something else (discuss in thread)

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