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 -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I still use Apex and love them. They got a bad rep online last summer because some people were denied payouts, but it was only people breaking rules. One thing to keep in mind is that Apex is by far the largest in terms of number of users, think they have like 100,000+, so when 1,000 people all go online to complain about payout denials, it feels like everyone is being denied even though it's really just 1% of people that broke rules to game the payout system.
Whereas with any of the new companies, and there's been like 20+ of them in the last 12 months, if 10 people complain about payout denials, it doesn't seem like many because the new companies are all very tiny compared to Apex.
Look at TopStep now, they are also changing their rules and denying right now
They changed their rules (retroactively on some traders) and been denying payouts and just being overall very deceitful about the whole process. Me personally I'd had minor issues that I could tolerate, but having some close friends who had their payouts denied and the company not faithfully follow their appeal or followup process is shameful. At best its incompetence and negligence and at the worst is just fraud.
The majority of denial cases seem to be that apex will find any minor infraction to put you in their supervised status, which requires you to submit 3 videos showing trading and yourself and you explain the setups, and risk rewards for each setup. After that they still continue to find reasons to not resolve the denied payout (one of your trades was 3.1 risk not 3.0, your video didnt show your full head, we cant find your videos even though we can receipt of upload), and its just a long list of excuses and honestly the headache isnt worth it. The 20 accounts isnt worth it, the ulta low eval prices arent worth it, and they have plently of competitors that Im happy to do business with - just see this thread i created
I put together this google that has the online prop funding firms in one big list, with the attributes of the different accounts. I'm adding more accounts and columns as I get more time and ideas, so please let me know if you have …
It was beyond egregious rule breaking and apex starting denying for just really obscure reasons just get people in that video review phase hoping they would abandon the process. Its a really scummy approach to run a business, and even if they have 100% reversed all of those practices I have no reason to go back and will continue to use their competitors.
In regards to how many people are denied, its less about sheer numbers, and more if there are any legitimate traders being denied - even 1 true story of a real trader being denied is worrisome for me.
I heard TopStep is now notify users they reset too often, or buy new accounts too often. I also saw a few canceled payouts but none from my group of traders and the few I saw on social media were users caught in a trading scheme (either group trading with a lot of folks, or hedging opposite accounts on news). Which rules exactly are you referring to? I would love to learn more especially if it means I should be avoiding them
Trading with others in groups for an advantage is against their terms (how they identify if you are is undisclosed, probably timestamps buts that's entirely at their discretion)
To me it feels like a clause they put in the rules and terms so they can use it when they see fit, as this and other vague rules are lingering in their terms. see the link at the bottom of the post for their rules. If they had these rules but never enforced them, I could excuse it as a strategic move to remove undesirable customers, but the fact they have actively denied payouts to people I personally know under dubious circumstances its a "never again" vote for me.
If you have funded accounts then trade them, worst case is you get denied but at least its experience, but its tough to recommend them for any new eval accounts.
