Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Polls are usually somewhat accurate when done well, within a few percentage points, and they poll a tiny, tiny fraction of the population. The question is whether a thousand or so traders represents the market well enough as a whole to be a proxy. I'd argue, hands down, yes. But as you say, I don't know.
It's a bit more than speculation to say they use sim trade flow information, TST states it here. I should not have said "critical", and I should have prefaced it with "my opinion is that." It's not a fact I know, and I don't know anything really.
My guess (unevidenced, and I may be mistaken) is that at least some of these firms, who are sometimes paying out on the basis of sim accounts, may well offset their own net liabilities in an underlying market.
This seems logical to me, as they're in an essentially very similar position to the forex counterparty market-makers who are pretending to be brokers, and I know (informally) through both industry and regulator contacts that the better-regulated spot forex CFD "brokers" routinely do this - and so, I believe, do the FCA-regulated spreadbetting firms in the UK.
Wanted to create a thread to discuss the new platform that online simulation proprietary trading firm TopStep just released this week called TopStepX.
This is custom built trading platform that is designed and coded by white label service company TopStep …
It’s a white label product from Sim2Funded, which itself is a custom web app with licensed TradingView “basic” charts, and a custom DOM and order execution through plus 500. Difference being it doesnt have all the community TradingView plugins, and the executions are usually pretty decent except for high volatility.
The on chart order management and order entry panels are also custom and internally made
Both Tradovate and Rithmic accounts are broken on Apex at the moment. They have closed their channel due to the huge influx of complaints, and for the past 2 days have been working to "rectify" the problem. Yet there's dozens and dozens of bad reviews on Trustpilot for the past few days saying their accounts weren't reset, that they were blocked from for complaining etc.
My guess is that people are blowing up their accounts due to YOLO trading the 1 day to pass offer, then buying a ton more with the 90% discount. It's got to be putting a lot of strain on the system, there are people trading 20 accounts at a time, and it seems odd that Apex would have issues with both Rithmic, and Tradovate which uses CQG. Two entirely separate data feeds here, only thing in common is Apex.
The Rithmic problems have been going on for nearly 2 weeks now as far as I'm aware. The Tradovate issues have been intermittent for months, they rear their ugly head every few weeks and persist. I just don't understand how people can trade like this and defend this company?
For the record, a close friend of mine had issues on Monday, and literally couldn't close a trade. Their personal account was working fine, they also have an account with another prop firm and we tested it, again all fine. No issues at all. Just the Apex accounts acting all janky, running stops, not exiting trades, the drawdown wasn't updating either, and they couldn't add a second contract it just rejected the order.
The next day, some of their accounts got reset, others didn't. Yet they were copy trading, so all should have been treated the same. It's very strange that Apex seem to have all these problems on a weekly/monthly basis. They extended the 90% offer a few times due to the Rithmic issues, but what good is a cheap account if you can't trade it?
Lets hope so, my friend still doesn't have their account reset yet. is still closed so nobody else can complain. It's been 2 days, I doubt they'll move people's subscription dates along to compensate for this.
Sadly they haven't, I've seen it first hand. Sometimes they fix the accounts, other times you'll get the template email stating you signed a contract stating that platform issues are your responsibility and that no adjustments will be made on this occasion.
I think that when there's enough of an outcry they seem to fix things, but when there's less people affected they just sweep it under the rug.
I don't think there's any brokerages in the world, including self funded NinjaTrader brokerage accounts that would reimburse if a person claimed their NinjaTrader froze
