I highly doubt the claim of "ghost" orders. I'm in a few discord groups myself where I've seen people post that, and I think it's just that those people are just not very proficient with their trading software. One guy posted a video claiming his ninjatrader chart was showing he didn't have any open orders. Turns out he just didn't know chart trader only shows orders for the account selected in chart trader, and in his positions tab were a list of all the "ghost" positions he didn't even know were open.

Also all the screenshots I've screen people post are using tons of custom addons, not just chart indicators, but special addons that completely change the way chart trader looks, special overlays, etc. I think the vendors make it very easy to lure new people into their software without actually teaching them the basic fundamentals of how ninjatrader works without addons. In one group I'm in, half the people don't even know ninjatrader has a built in chart trader function because they're so reliant on their addons

Well I'd certainly take the claims with a pinch of salt. I neither believe it or doubt it, as I don't know the proficiency of the traders in question. All I am saying is that the bad reviews say the same thing quite a lot.

Apex also have a suspicious amount of positive reviews. The math doesn't add up - most people who try trading lose, so why all the positive reviews? If I spent thousands on Apex accounts with no return, I certainly wouldn't be writing great reviews.

If you've had an Apex account and been paid out or have a success story please let me know, I'm always interested in hearing both sides. I just have trouble believing in any company that loses money when you succeed.

I think Apex just may need to change their marketing pitch, but I believe the actual business model is legit.

For example, take a look at one of their competitors, Leeloo. They've changed their website over the last couple of months and no longer call it "getting funded" and are more honest about it

If most people lose on Apex, is that Apex fault, or the people who doesn't know how to trade? If I am losing trader, this is not Apex's fault and deserve to get a bad review from me? By that logic every losing trader should blame the platform / broker they use to trade on and give it bad reviews. I don't think this is fair that someone would give Apex a bad review because the person don't know how to trade. Now, if Apex provide poor service, refuse to pay out, etc. then this is something else.

How does Apex loses money when someone succeed? I thought they take a 10% cut?

Well I'd certainly take the claims with a pinch of salt. I neither believe it or doubt it, as I don't know the proficiency of the traders in question. All I am saying is that the bad reviews say the same thing quite a lot.

Apex also have a suspicious amount of positive reviews. The math doesn't add up - most people who try trading lose, so why all the positive reviews? If I spent thousands on Apex accounts with no return, I certainly wouldn't be writing great reviews.

If you've had an Apex account and been paid out or have a success story please let me know, I'm always interested in hearing both sides. I just have trouble believing in any company that loses money when you succeed.

I don't know where to start with this. You're assuming that all of the bad reviews are made for the same reason? There's a variety of reasons why people choose to write bad reviews, the point I made was that Apex have a suspiciously large amount of positive reviews. It's not unheard of for a company to pay for good reviews. My point was that I don't understand why anyone would write a good review after losing money. Surely they'd wait to see if they got paid out before reviewing?

And I wasn't talking about Apex traders losing money, I was talking about traders in general.



A cut of what? You're trading a sim account once you pass the evaluation, so if they pay you they lose money.

How does Apex loses money when someone succeed?

I thought they take a 10% cut?

Now, if Apex provide poor service, refuse to pay out, etc. then this is something else.

By being the trader's counterparty. It's not complicated!

It's just what happens when you hold the other side of "trades" made by someone who succeeds. After you're "funded," Apex actually holds the other side of your trades until they're fully satisfied that you're consistently profitable, so throughout that period, they lose whenever you win.

[B]They admit this openly on their website[/B].



You were mistaken, then, I think. That doesn't seem to be how their business model really works, most of the time, though they might want you to believe that.

So possibly you're destined to continue to "agree to disagree" with all the people who are familiar with how Apex's business model actually works in practice?



Yes indeed - there are all those aspects as well: from what I read online, there seem to be regular difficulties for customers on those fronts, as well. Account activation fees, delays and complications with payouts, and so on. Definitely not one I'd want to do business with, from all I've read.

Quick analysis: there were 135.000 customers, and MFF received 310-173 millions (fees minus the payout). That is customers lost in total 137 million, divided by 135000 customers= 1014USD on average!!
Wow!! they lost 1014 USD trading.
Had they opened an account with 1014 USD they could not have made a single operation. And if they had opened an account with 10000USD they would have lost 90% of it in 90 days.

Let me know if I am wrong