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.

Regarding losing money when you succeed, another example is the lotto. They lose money paying out winners, yet it's a multi billion dollar industry.

There's a reason they call the lottery the stupidity tax. It's basically legalized theft and makes what we are talking about here seem like childs play. Every year, Americans spend a mind-blowing $70.1 billion on the lottery. That's $200/person and includes children and babies! This illustration shows how the NY lottery pays out just 31% of the proceeds of the purchases in prizes!



https://www.visualcapitalist.com/lottery-regressive-tax-nations-poorest/

We'll just have to agree to disagree.

Not regular sports betting with balanced books, but specifically daily fantasy with apps like DraftKings.

There's a reason they call the lottery the stupidity tax. It's basically legalized theft and makes what we are talking about here seem like childs play. Every year, Americans spend a mind-blowing $70.1 billion on the lottery. That's $200/person and includes children and babies! This illustration shows how the NY lottery pays out just 31% of the proceeds of the purchases in prizes!



https://www.visualcapitalist.com/lottery-regressive-tax-nations-poorest/

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.

The payout policy is the red flag. If traders make money, they should be able to access those funds immediately. Something screwy going on in the background.

I did something similar, but if we assume 90% lose and 10% win then we get
120k Customers lost an average of $2300 and 15k Customers made an average of $9233 (11533-2300)

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.