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)
Interesting. I get a chuckle out of their marketing habits. Running that 1 day to pass schtick to get you into the funded account. I got 2 of them in one day, blew one as soon as I bought them trying to do just that. I figured, if i could do it once why not again? so cost them $2500 right off the bat. My second, took me two weeks to blow. but now they're running the same game on a $250k account so I just got one of those instead. not going to play the 1 day pass game, just chunking through to the 15k profit goal nice and easy with a $6500 drawdown.
They have a LOT of conflicting info about what they will accept. On one side, they say they want to see structured plays. On the other, they saying go ahead and trade max contracts and see what happens. For now, am just going to scalp 2 contracts at a time, slow build it with stops and TP in place.
Can someone point me to where this is stated with a URL please:
"I understand as an independent contractor of Apex and signer of the PA Contract I am bound by Non-disclosure Agreement, non- disparagement clause, Liquidated Damages clause and agreement, as well as all other rights and responsibilities of the Apex PA Contract."
The reviews are rolling in, dozens of 1 star ones on Trustpilot from today alone. And I had a look on Discord, searched "denied" and tons of people aren't getting paid. Quite a worrying time, looks like the ship is sinking.
They have put out a series of videos on scammers, but most of it is just the guy ranting about how someone called him Hitler. He literally goes on about it for a few minutes several times, it's a bit pathetic. Then they give you another 20 analogies, the video is so slow it's unreal.
But the gist of it is that people were buying accounts and using the whole account as a stop. So you buy 20 accounts on sale for $16 each, pay the first month of around $80, that way you get $2500 drawdown for about $100. Go in heavy, if it fails you just buy more. Eventually you'll get 20 to pass and get a $40000 payout that covers the fees and then some.
Other obvious strategies are people copy trading on a huge scale, i.e pay someone else to trade your account. Or a group of traders where one goes long and one goes short.
I get that they have to filter out these scammers, but it seems that they're pissing their core group of traders off.
This part comes from the signature page, and is only accessible when you have a new PA ready to sign. You are unable to see this language again. I saved the webpage this time around in case I needed it.
In general it says to not say bad things, made up things, and indemnify and defend the company. Violating losses your accounts, payouts and or liable for damages sought by company. I have copies of the language used but don't want to risk any legal troubles for posting it
Agree with you 100%. To be fair though, retail traders with small accounts can not trade like hedge funds, who have much bigger resources, often have longer term strategies (beyond intraday), have more tools to manage their risk (like options and swaps), and almost have to work the market this way to get their size on.
The spirit behind the rule is solid. More traders blow up from fighting a directional move by adding to it than probably any other mistake. So, adding to losers is objectively a bad idea. But legitimately scaling in, working around a position, with a plan to do so, is absolutely what good traders like to do.
My problem is with how the rule is defined. I can buy 3 contracts at price X, but can't buy 1 at X, 1 at X-1, and 1 at X-2. That's stupid.
What's the solution? Well, it's called a loss limit, and they already have one (it's the account size). If people want to blow themselves up, let them. If they don't, let them set a smaller loss limit. But don't dictate how I trade. That's my issue.
