phantomtrader 

Watch this video: These guys are staying up at night figuring out how to make life as difficult as possible for the trader. A trader's proprietary strategies are none of anyone's business unless they choose to share them. The number of alerts with the Apex Ponzi scheme should be enough for everyone to stay away from them. There are several very good prop firms with no bs rules and that have copy trading.

Yeah, it's like asking a chef for their secret recipe. Not really fair to ask this of traders.

Although I don't think that having someone's strategy necessarily means that I would be as successful as them in using it. A lot of this stuff is discretionary, and if there were absolute rules for entry that had an edge, then we could just code it and get rich.

And surely they have access to everyone's data anyway? If they wanted to, they could trawl through their most successful trader's activity and find out what they're doing. Pretty much anyone you trade through could do that too.

In my younger days I bought a small boat, someone said to me, "the best day in your life is when you get a boat, the next best day is when you get rid of it". That's the way I felt after going through 2-Apex PA accounts. It felt so restrictive, I feel it set me back with my trading, I still feel this hesitation on making an entry in my Live NT account. At any rate it was a good experience and it's good to know, worst case scenario, there is Funded Trading.

VirtualMark 

And surely they have access to everyone's data anyway? If they wanted to, they could trawl through their most successful trader's activity and find out what they're doing. Pretty much anyone you trade through could do that too.

Yes, as mentioned before, order flow data is very valuable. However, your trades alone, even your orders, don't reveal the process, which is more valuable. But someone asking for the process? Unacceptable and ridiculous.

Been following this thread for a while now.

But after reading today's comments, what I can tell you is this: I would rather fund my own $1k account, trade micros and go to eminis instead of fooling around and begging to get paid *AFTER* showing/sharing my own strategies and making a video to these people.

This is abhorrent.

People should realise this is all nonsense and stop making these people rich by not opening anymore new accounts.

lightsun47 

Been following this thread for a while now. But after reading today's comments, what I can tell you is this: I would rather fund my own $1k account, trade micros and go to eminis instead of fooling around and begging to get paid *AFTER* showing/sharing my own strategies and making a video to these people. This is abhorrent. People should realise this is all nonsense and stop making these people rich by not opening anymore new accounts.

To be fair, there's a growing market of wannabee influencers who will take on every prop firm under the sun, schlock their affiliate codes, and pimp for youtube/tiktok subs. These aren't serious people nor serious traders.

The previous video posted from a chap with 475 youtube subs and a serial prop fanatic pushing like I mentioned above. Taking on every prop firm under the sun means you're chasing reputation, likes and subs. Makes zero sense if you're actually serious about trading

I've always maintained that these props should be treated as ATM's to fund ones private account. Sure I tried TradeDay and bailed after first payout. Apex, I still have and keep, but my bread and butter will always be my AMP account.

FXSurf 

Sure I tried TradeDay and bailed after first payout.

I bet they get that a lot. They allow up to $5k on their sim account, after that you have to pay professional data fees. I don't see the point in continuing with them at that point, just take the $5k and add it to your own account and pay non professional fees.

Apex's problems with Rithmic are slowly becoming unbearable. Instead of solving this problem, it seems that they have decided to hide the problem. In the         chat, a message is immediately deleted if it contains some keywords like "Rithmic, problems" etc. If you score a word to get through R.i.t.h.m.i.c, you get a timeout for 24 hours. What unbelievable conditions there are these days. Trades are not executed or simply execute themselves. If you collect money professionally, you should also offer professional service, Apex. Let's see, if and what the "support" will say.

VirtualMark 

Yeah, it's like asking a chef for their secret recipe. Not really fair to ask this of traders. Although I don't think that having someone's strategy necessarily means that I would be as successful as them in using it. A lot of this stuff is discretionary, and if there were absolute rules for entry that had an edge, then we could just code it and get rich. And surely they have access to everyone's data anyway? If they wanted to, they could trawl through their most successful trader's activity and find out what they're doing. Pretty much anyone you trade through could do that too.

If the chef was working in a restaurant, are managers and/or owners not allowed to ask the chef for their secret recipe?

Likewise with these funded trader companies, isn't the idea that they are looking for consistently profitable traders in order to copy trades into their own live accounts, or move them to real live accounts like a real prop firm?

If that's the assumption, then it seems fair for a real prop firm to ask their traders what their strategy is.

He said he got his payout approved.

planetkill 

If the chef was working in a restaurant, are managers and/or owners not allowed to ask the chef for their secret recipe? Likewise with these funded trader companies, isn't the idea that they are looking for consistently profitable traders in order to copy trades into their own live accounts, or move them to real live accounts like a real prop firm? If that's the assumption, then it seems fair for a real prop firm to ask their traders what their strategy is.

No kidding, most of these clowns chasing payouts would never get in the door at a traditional brick and mortar prop firm.