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Hello, and thank you for your answer. In the meantime support said that once a payout is accepted/denied, the only evaluated days for a new payout request are the days from the previously accepted/denied payout request to the new request. Which would mean I'm only 10 new real traded days away from a possible payout. If I understood this correctly. So I'll come back here when eligible and let you know how it went. Have a nice day everyone.
Can you help answer these questions from other members on NexusFi?
Only hoops to jump through for a payout are
- 10 days since last payout request
- Met account minimum/requirements
- Large portion of payout cannot be from one trade
And as far as the 30% / large amount from one trade goes, I don't think they care that much. I've had a trade or two be a significant portion of my payout and it was approved. Seen others with it too on their facebook group. I think they just have it there as a safety net / gotcha to prevent anyone that gambled and won big
Which to be honest is quite an annoying rule, as you could have a really good day with lots of trades. I could understand it if it were for one trade, as that would combat the people who just want to go all in and get lucky. But 30% for a day is annoying, as it's natural to have really good days when the market is moving nicely.
The 10 days trading is also annoying, as you could make a lot in the first few days but have no access to your money.
Apex are promoting gambling type trading, and clearly make a lot from account fees and resets. If you don't believe this just look at their business model - they went from a 80% sale for the last few weeks to a 90% sale now. They are pretty much always on sale, and encourage people to spend and spend in the hope they get lucky.
The evaluation is deliberately easy to pass, with pretty much zero rules, just don't hit the drawdown. You can do it all in one trade if you like then just scalp $1 a day for the next 6 days, they don't care. You can put 10 lots on CPI and just hope for the best, it's all good, this extremely irresponsible type of trading is fine in the evaluation, so they can charge you more to activate your "funded" account.
They say they want a partner from you, but in reality they just want you to pay their fees. Why else would they charge you a "one time fee" to set up an account? If you're such a good trader why don't they fund you with real money?
The fact that they have easy evaluation then increased rules in the funded accounts reveals where their priorities lie. And if you accidentally cancel the wrong account, or forget to cancel one, or buy the wrong one, or have platform issues that cause your trades to go wrong(the Tradovate SIM regularly goes wrong), or an asteroid hits the Earth and wipes out civilization, then guess what? Tough luck. They'll instantly let you know that you agreed NO REFUNDS FOR ANY REASON. A great way to treat a "business partner" and build a long term relationship.
That's interesting. So you're supposed to trade 10 days, then request a payout, then wait until they approve or deny it? Then somehow manage to fit another 10 days in that trading month? I don't see how that's possible, and seems like another crafty trick to deny payouts or make you wait until the next month.
It's all about delay delay delay for them by the sounds of it. Which will mean an increased chance of blowing your account, they know what they're doing. How long do they take to approve or deny a request?
Hi, with this rule, it says flipping of any kind? So does that mean if you have days of $1000, then you have days of $50 that counts as flipping? Or is it just for people who do 1 tick micro trades?
- they did accept the subsequent request. 10 real traded days after the denied request.
- I was 1-ticking the funded off the habit of 1-ticking evals and out of fear they would consider these accounts dormant after some time as I trade these in pools and sometimes won't trade a pool for a week or two.
