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  • #25,101
  • Oct 31, 2023 6:04am Oct 31, 2023 6:04am
A new player (with old people behind it - from Purple Trading)
https://www.fintokei.com/

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Money is made by sitting, not trading
  • #25,102
  • Oct 31, 2023 6:08am Oct 31, 2023 6:08am
Quoting Capablanca
{quote} Thanks. Have you received any payout from them ? Usually trailing stop sucks but 18.70 USD first month (+fee if funded) for a trailing stop of 2500 USD it may be worth to drop come coins in this. I went through FAQs and as far as I understood: - Trailing is accounted in real time - All positions closed EOD - 10 trading days minimum - Only in funded (or also in challenge ?): 10 days minimum in each peyout, max of 30% profits from a single trading and not more than 20% flipping days (which I think it's like doing only 1 micro lot open and...
I have not been paid out as I just started as of yesterday. I had been following Apex for awhile. I was with Tradeday with $150k and got to the $5k payout. Not bad for $150 investment. I wasn't interested in keeping that account and they are limited to one account only. Apex peaked my curiosity with the multiple accounts and deep discounts. Its merely a challenge for me to see if I can smash it.
Trade with confidence, trade without fear.
  • #25,103
  • Oct 31, 2023 6:08am Oct 31, 2023 6:08am
Quoting Capablanca
{quote} Thanks. Have you received any payout from them ? Usually trailing stop sucks but 18.70 USD first month (+fee if funded) for a trailing stop of 2500 USD it may be worth to drop come coins in this. I went through FAQs and as far as I understood: - Trailing is accounted in real time - All positions closed EOD - 10 trading days minimum - Only in funded (or also in challenge ?): 10 days minimum in each peyout, max of 30% profits from a single trading and not more than 20% flipping days (which I think it's like doing only 1 micro lot open and...
Sorry I havent done my homework on apex yet, is there a fee to pay in addition to the monthly fee then, once funded? How much is it on that account size 50k right?

The 80% discount on recurring fees make this offer standout.

Regarding payments to US banks/routing, should be a good few options to create US bank accounts for Europeans, hopefully the US account i had to create for Wise would suffice.

Would need to research Apex a lot more but assuming you don't have to start trading purchased accounts within a specified time, seems like a good time to purchase some accounts.
  • #25,104
  • Oct 31, 2023 6:15am Oct 31, 2023 6:15am
Quoting forexbali
{quote} I will try to make my goal of 1500$ in 7 sessions, and if I get funded good, otherwise, I forgot this test. {image}
You have a full calendar month before you must cancel or pay 80% off next month.
  • #25,105
  • Oct 31, 2023 6:25am Oct 31, 2023 6:25am
Quoting Vitore
A new player (with old people behind it - from Purple Trading) https://www.fintokei.com/ {image}
Are those people good or bad in terms of reputation ? Anyone knows ?
  • #25,106
  • Oct 31, 2023 6:28am Oct 31, 2023 6:28am
Quoting ForexGalVA
{quote} For my Apex account ($50k Tradovate challenge) it will be $160 for lifetime fee. I only pay after I am funded. Futures is different than forex, there are data fees. The total fee paid even if I need 2 or 3 months to pass is still less than one $50k challenge with 5ers and FTMO. I intend to pass and make money. I resubscribe on the 5th. I've traded 3 weeks (on Friday) because I spent a week getting set-up. Still getting used to Trading View platform but it looked easier to learn since I was half-way familiar v. learning NinjaTrader. This...
As far as I saw their instruments and tickers are the same than the real ones so I guess the size will be the same (50 USD per point in ES, 20 in NQ, etc.)
Pretty easy for whoever already trades futures and not the confusion of different point size that we find across props.
  • #25,107
  • Oct 31, 2023 6:28am Oct 31, 2023 6:28am
Quoting Capablanca
{quote} Are those people good or bad in terms of reputation ? Anyone knows ?
https://www.fintokei.com/terms-conditions/

Section 5 – Prohibited Trading Strategies or Transactions
During the demo trading on the Trading Platform, at any stage of a Free Trial or of any Fintokei Program, traders should use their own trading strategy at all times and not rely on signals, bots or software from third parties. Traders must also trade according to real market conditions and apply strategies that can operate effectively under real market conditions. Any trades that take advantage of Fintokei Demo accounts conditions or any sort of trading arbitrage are prohibited.
It is therefore strictly prohibited to do in particular any of the mentioned below

  1. Use strategies that take advantage of errors in display of prices or delays in their update, or that exploit any system bugs, and therefore to perform any form of latency arbitrage, reverse arbitrage, and tick scalping or high-frequency trading (HFT) that aims to profit from small price movements, or “ticks,” by opening and closing trades within a matter of seconds to minutes.
  2. Copy trades of other people, manually or via copy-trading systems or bots
  3. Give any access to your Fintokei Demo account(s) to other people or have it(them) managed by someone else
  4. Use multiple IP addresses from many countries when connecting to your Fintokei Demo accounts or mask the IP addresses. (Trading IP’s must show from the same region as the billing address.)
  5. Perform transactions using external data feeds
  6. Perform hedge arbitrage trading or opposite account trading within a group of multiple accounts or traders
  7. Front-run trades executed elsewhere
  8. Use emulators
  9. A purpose of tampering with trading
  10. Perform any trading activities that are in contradiction with the Terms and Conditions of the Partner Broker
  11. Use strategies that contradict to how trading is performed in the real world on the forex market or in a manner that would establish concerns that the Partner Broker may suffer loss or damage as a result of the Customer’s activity.
  12. Exceed the Partner Broker maximum amount of open orders determined in the Website’s FAQ.
  13. To trade in an interval from two minutes prior to the announcement of the relevant macroeconomic publication until two minutes after the announcement of the relevant macroeconomic publication. The list of such publications is published on the Website or in the Client’s dashboard “News Calendar”.

Furthermore, any Martingale strategies or EAs are not allowed. In particular Fintokei considers a “Martingale strategy” as opening more than one position on certain instrument and in the same direction whilst the first position opened on the same instrument is in drawdown. If any of the consecutive positions is opened at an exponent of more than 1x we consider this to be martingale strategy. Other definitions and possible application of Martingale strategies are also prohibited as Fintokei reserves the right to assuss such behaviour at its sole discretion.
For example, if you open a 1 lot buy on GBPUSD, and this position goes into open drawdown, you can open additional buys on GBPUSD as long as the lot size is the same or smaller, you cannot increase the position size. Once all buys are closed on GBPUSD, you can then open a new first trade on GBPUSD at a position size of your choice unrestricted.

  • #25,108
  • Oct 31, 2023 6:30am Oct 31, 2023 6:30am
The problem I see here with Fintokei is that IP address rule, which can be tricky. Also no martingale and no 2 minute before and after news trading. It is not defined which kind of news. It can be kind of any news for any market where you are not allowed to execute orders or make trades. This is not clear. There are lot of firms who make such news restrictions as a game where much less important news for a different market make it a violation to the user at once when he traded there. Too bad.
  • #25,109
  • Oct 31, 2023 6:31am Oct 31, 2023 6:31am
Quoting Cryptosurf
{quote} I have not been paid out as I just started as of yesterday. I had been following Apex for awhile. I was with Tradeday with $150k and got to the $5k payout. Not bad for $150 investment. I wasn't interested in keeping that account and they are limited to one account only. Apex peaked my curiosity with the multiple accounts and deep discounts. Its merely a challenge for me to see if I can smash it.
I understand.... I was asking about payouts because it seems unbelievable good price, even too good to be true.

I can't make a decent math to see how they can sustain payouts charging only 18.70 for a 2500 USD trailing stop (+fee if funded).
  • #25,110
  • Oct 31, 2023 6:33am Oct 31, 2023 6:33am
Quoting rizla101
{quote} Sorry I havent done my homework on apex yet, is there a fee to pay in addition to the monthly fee then, once funded? How much is it on that account size 50k right? The 80% discount on recurring fees make this offer standout. Regarding payments to US banks/routing, should be a good few options to create US bank accounts for Europeans, hopefully the US account i had to create for Wise would suffice. Would need to research Apex a lot more but assuming you don't have to start trading purchased accounts within a specified time, seems like a good...
Yes, there's a fee when funded which can be monthly or one off. You decide.
Depends, of course, on the size of the account.
On 50K it's 85 per month of 140 one off.
https://support.apextraderfunding.co...d-Monthly-Fees
  • #25,111
  • Oct 31, 2023 6:36am Oct 31, 2023 6:36am
Quoting Capablanca
{quote} Yes, there's a fee when funded which can be monthly or one off. You decide. Depends, of course, on the size of the account. On 50K it's 85 per month of 140 one off. https://support.apextraderfunding.co...d-Monthly-Fees
There is something those data fees. Because there is no lifetime datafeed option if you have a real futures account on a futures broker. So it can only be simulated datafeed. If they need to pay for each account professional datafeed pricing for each customer on each month, Apex would do only losses I guess. Something very strange is going on here with those datafeed options, especially the lifetime option. There is non lifetime datafeed pricing in reality on any futures exchange, remember.
  • #25,112
  • Oct 31, 2023 6:40am Oct 31, 2023 6:40am
I mean alone for the data even 1 month as professional trader (because you trade on a prop firm), you pay more for level 2 on CME/CBOT/NYMEX + more exchanges they are offering. So no way that is kind realtime datafeed from the exchanges. I do not know what I am missing here, but what kind of datafeed are they offering now?
  • #25,113
  • Oct 31, 2023 6:46am Oct 31, 2023 6:46am
Quoting TrAndy1
{quote} There is something those data fees. Because there is no lifetime datafeed option if you have a real futures account on a futures broker. So it can only be simulated datafeed. If they need to pay for each account professional datafeed pricing for each customer on each month, Apex would do only losses I guess. Something very strange is going on here with those datafeed options, especially the lifetime option. There is non lifetime datafeed pricing in reality on any futures exchange, remember.
My data fee payment in IB depends on my commission but that's monthly, as you say, no "one time off" deals. IB has some decent bundles, though.

Apex may have to pay something to the platform (which pays to CME) to have real time and L2. But probably they even make money in that monthly subscriptions and for the one time option probably they calculate how long someone takes to blown an account and 140 USD in average is enough to cover that and have some profit.

For the rest, I assume all these props, either forex or futures, are all a videogame and no real money involved. That's why I try understand if they have enough failed challenges to pay the withdraws.
  • #25,114
  • Oct 31, 2023 6:46am Oct 31, 2023 6:46am
Anyone it is too strange ? https://www.ampfutures.com/trading-i...ange-data-fees
You needed to be classified as retail trader but you are trading at a prop and other prop firms do classify you as professional trader.
But even then more than the US Futures market Level 2 data bundle, there is no room for more exchanges what Apex is offering. It cannot be that realtime data or ?
  • #25,115
  • Oct 31, 2023 6:47am Oct 31, 2023 6:47am
Quoting TrAndy1
I mean alone for the data even 1 month as professional trader (because you trade on a prop firm), you pay more for level 2 on CME/CBOT/NYMEX + more exchanges they are offering. So no way that is kind realtime datafeed from the exchanges. I do not know what I am missing here, but what kind of datafeed are they offering now?
It has to be real time otherwise arbitrage would be possible. But they probably have bundles negotiated with platforms and not 1 trader = 1 fee.
  • #25,116
  • Oct 31, 2023 6:49am Oct 31, 2023 6:49am
Quoting Capablanca
{quote} My data fee payment in IB depends on my commission but that's monthly, as you say, no "one time off" deals. IB has some decent bundles, though. Apex may have to pay something to the platform (which pays to CME) to have real time and L2. But probably they even make money in that monthly subscriptions and for the one time option probably they calculate how long someone takes to blown an account and 140 USD in average is enough to cover that and have some profit. For the rest, I assume all these props, either forex or futures, are all a videogame...
That is another mistery at Apex. When they say they have a 44% passing rate across evaluations accounts, it means that even 11% of funded make it to those $2k limit as payout they cannot survive. Because 11% of 44% is probably 5% or 1:20 with ($15+$85 as fees) =$100 would mean they take $2000 home while paying $2000.
  • #25,117
  • Oct 31, 2023 6:50am Oct 31, 2023 6:50am
Quoting Capablanca
Apex 50K shows $167/MONTH. Is this the discounted price ? I see on on the top of the site that they have a 90% discount but there is no discount code so I guess these 167 are already net ?
SAVENOW is the code
  • #25,118
  • Oct 31, 2023 6:55am Oct 31, 2023 6:55am
Quoting Capablanca
{quote} It has to be real time otherwise arbitrage would be possible. But they probably have bundles negotiated with platforms and not 1 trader = 1 fee.
You mean they are much cheaper than AMP Futures Broker is offering ? I have not seen any such cheap offer for realtime Level 2 data anywhere. It is really too strange.
  • #25,119
  • Oct 31, 2023 6:59am Oct 31, 2023 6:59am
I mean if you need Level 2 realtime data on many futures exchanges you could buy 1 50k account for $15 and then opt for the lifetime $140 and you place 1 lot trade each 30 days to have unlimited realtime data from many exchanges with your Rithmic or Ninjatrader platform. That would be a workaround to have dirt cheap data.?
  • #25,120
  • Oct 31, 2023 7:10am Oct 31, 2023 7:10am
Quoting TrAndy1
I mean if you need Level 2 realtime data on many futures exchanges you could buy 1 50k account for $15 and then opt for the lifetime $140 and you place 1 lot trade each 30 days to have unlimited realtime data from many exchanges with your Rithmic or Ninjatrader platform. That would be a workaround to have dirt cheap data.?
Hummm... this is a bit offtopic but it's a very good point. Specially if you could integrate that with your own software like Multicharts, Ninja, etc.
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