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  • #34,821
  • Apr 12, 2024 9:49am Apr 12, 2024 9:49am
Quoting labu
{quote} Just found this on apex webpage. "Allow scalping. (Some companies require entries and exits must be 10 seconds apart.) According to their bot they even allow less than 10 seconds." It would been known more probably if others would have encountered it and if Apex didnt stick to their own rules. But Im just tossing it out there. Could also be so that not many scalpers exist like that and thus its not that known or who even bothers with prop firms.
I've been with them since last November. Pretty much all futures prop firms require you to be flat at end of day, so intraday scalps is the only option. Payout denials have been non existent.
Trade with confidence, trade without fear.
  • #34,822
  • Apr 12, 2024 9:55am Apr 12, 2024 9:55am
We've been back and forth with Dylan (E8) in twitter and he reasoned our points of not violating the account, "only" remove profits.

This is the new phrasing.

Please note, that if your Stop Loss or Take Profit orders are executed within the 10-minute period (5 Minutes before and 5 minutes after) immediately before or after the event, any profits earned during this time will be subject to removal, without any account violation.
  • #34,823
  • Apr 12, 2024 9:56am Apr 12, 2024 9:56am
Quoting TraderTero
I just received this from FundedElite for denying my funded account: "Our system flagged your account, prompting a thorough review of all associated accounts and trading history by our analyst. It appears that numerous positions were opened simultaneously at several instances. This practice violates our Terms of Service as positions cannot be opened at such a high frequency. As a result, we are unable to upgrade your account. However, we believe in providing second chances and are prepared to offer you a new account. This account will need to be...
Thats unfortunate but right now all the firms are looking for any kind of reason (which can be nonsense sometimes) to not give account to profitable trader.
Extreme gut feeling trader
  • #34,824
  • Apr 12, 2024 9:57am Apr 12, 2024 9:57am
Quoting Takisd
I . Still grinding away at my fortraders account, their risk management rule is interesting. The failure rate must be really high with them because it is not possible to pass in 1 regular day trade.
Are you referring to the 40% max use of margin per set up? Or something else. With 1:125 on fx you can still trade large enough to pass in a day, especially since they allow news.
  • #34,825
  • Apr 12, 2024 10:11am Apr 12, 2024 10:11am
Quoting rizla101
{quote} Are you referring to the 40% max use of margin per set up? Or something else. With 1:125 on fx you can still trade large enough to pass in a day, especially since they allow news.
Yes this one. For FX its leverage dpendendt but 125 leverage is insanity. For CFD's the result is more realistic.
  • #34,826
  • Apr 12, 2024 10:17am Apr 12, 2024 10:17am
Quoting pipmaster77
{quote} I was once one of the biggest pro-prop firm advocates and have become one of the biggest anti-prop (forex) simply due to the garbage that is left. MFF 2024!!!!!!!
In all honesty are futures props any different? Do we really believe that if Joe Schmo from Kalamazoo buys 20 x $50k accounts and somehow passes the challenges that Apex puts up 20 x $50k real funded accounts to copy into from his demos?

there are probably a handful of real, legit props in the world (like Maverick and others) and everything else is just pushing around money. that's why they kick everyone out who shows they can trade, while hosting poker tournaments on Discord to give away free challenges.
  • #34,827
  • Apr 12, 2024 10:30am Apr 12, 2024 10:30am
Quoting Capablanca
We've been back and forth with Dylan (E8) in twitter and he reasoned our points of not violating the account, "only" remove profits. This is the new phrasing. Please note, that if your Stop Loss or Take Profit orders are executed within the 10-minute period (5 Minutes before and 5 minutes after) immediately before or after the event, any profits earned during this time will be subject to removal, without any account violation.
so remove tp before going into news...
sl remains
  • #34,828
  • Apr 12, 2024 10:30am Apr 12, 2024 10:30am
Quoting TheDoug
{quote} In all honesty are futures props any different? Do we really believe that if Joe Schmo from Kalamazoo buys 20 x $50k accounts and somehow passes the challenges that Apex puts up 20 x $50k real funded accounts to copy into from his demos? there are probably a handful of real, legit props in the world (like Maverick and others) and everything else is just pushing around money. that's why they kick everyone out who shows they can trade, while hosting poker tournaments on Discord to give away free challenges.
Well, they are doing something right, whatever it may be.....paid out 25 million in March.
  • #34,829
  • Apr 12, 2024 10:40am Apr 12, 2024 10:40am
Quoting pipmaster77
{quote} Well, they are doing something right, whatever it may be.....paid out 25 million in March.
More and more great traders like montygoldy are joining Apex. If payouts are only from challenge fees, Apex will have problems sooner or later.
  • #34,830
  • Apr 12, 2024 10:42am Apr 12, 2024 10:42am
Quoting pipmaster77
{quote} Well, they are doing something right, whatever it may be.....paid out 25 million in March.
The difference is futures vs forex I'm assuming. it's regulation vs the Wild West. I still think the majority of props are unsustainable, which is why you want the personal accounts, but maybe futures prop have some sort of edge to them. who knows.
  • #34,831
  • Apr 12, 2024 11:05am Apr 12, 2024 11:05am
Quoting ladder
{quote} More and more great traders like montygoldy are joining Apex. If payouts are only from challenge fees, Apex will have problems sooner or later.
Atleast not now they are growing crazy and atleast until i get my piece of the pie. My general opinion is the structure and rules in place helps the firm filter out gamblers so the actuall long term profitable trader can survive 3 months of payout. After that they can easily copy that traders trade in live accounts. I dont know the statistics but people hardly get 1 or 2 payouts out of their PA accounts whereas the profitable ones taking out huge chunk so its balanced in my eyes. In the end its all regulated so no nonsense or BS.
Plus i am not sure how true is this, isn't it every futures firms says they put a profitable on live account??
Extreme gut feeling trader
  • #34,832
  • Apr 12, 2024 11:42am Apr 12, 2024 11:42am
Quoting montygoldy
{quote}Plus i am not sure how true is this, isn't it every futures firms says they put a profitable on live account??
Not really. Not all of them. Tradeday states you can either remain with sim account or request live and pay exchange fees. None of the Futures Firms make claims of copying or live accounts when they aren't. They are pretty upfront that you're being paid from fee income. That's the biggest divergence from how FX Prop firms are/were ran. We all knew it was all BS.
Trade with confidence, trade without fear.
  • #34,833
  • Apr 12, 2024 11:48am Apr 12, 2024 11:48am
Quoting Cryptosurf
{quote} Not really. Not all of them. Tradeday states you can either remain with sim account or request live and pay exchange fees. None of the Futures Firms make claims of copying or live accounts when they aren't. They are pretty upfront that you're being paid from fee income. That's the biggest divergence from how FX Prop firms are/were ran. We all knew it was all BS.
I saw the interview of APex Ceo he says we copy profitable traders...
Extreme gut feeling trader
  • #34,834
  • Apr 12, 2024 11:52am Apr 12, 2024 11:52am
Quoting doyathink
{quote} so remove tp before going into news... sl remains
Yep, that's the solution to avoid being unlucky of hitting it.
Anyway it's not ideal because swing trading means we don't have to be baby seating our positions all day long, sometimes several times a day, specially if I'm not running a lot of risk with my small positions.
  • #34,835
  • Apr 12, 2024 12:05pm Apr 12, 2024 12:05pm
Quoting montygoldy
{quote} I saw the interview of APex Ceo he says we copy profitable traders...
I know they do on the Apex Investing side. indexhome - Apex Investing Institute
Trade with confidence, trade without fear.
  • #34,836
  • Apr 12, 2024 12:08pm Apr 12, 2024 12:08pm
Alright update after 6 days ftmo kyc approved…. Now time to make big bucks … i am planning to aim for prime status … so i wont be withdrawing until 4% profit hit
Extreme gut feeling trader
  • #34,837
  • Apr 12, 2024 12:39pm Apr 12, 2024 12:39pm
Quoting montygoldy
Alright update after 6 days ftmo kyc approved…. Now time to make big bucks … i am planning to aim for prime status … so i wont be withdrawing until 4% profit hit
Good news. Pleased for you.
Have you failed a challenge with them before? I don't think you can become prime if you've failed a challenge, bit harsh i think,rules me out.
  • #34,838
  • Apr 12, 2024 12:47pm Apr 12, 2024 12:47pm
Quoting rizla101
{quote} Good news. Pleased for you. Have you failed a challenge with them before? I don't think you can become prime if you've failed a challenge, bit harsh i think,rules me out.
for failed rule is within 3 months.. so 4% 4 payouts and no failed challenge within 3 months.

these were my first challenges with ftmo. Thats why i left ftmo for the end and played with all nonsense firms to gain experience.
Extreme gut feeling trader
  • #34,839
  • Apr 12, 2024 12:53pm Apr 12, 2024 12:53pm
Quoting montygoldy
{quote} for failed rule is within 3 months.. so 4% 4 payouts and no failed challenge within 3 months. these were my first challenges with ftmo. Thats why i left ftmo for the end and played with all nonsense firms to gain experience.
it is 4 months …
  • #34,840
  • Apr 12, 2024 12:54pm Apr 12, 2024 12:54pm
Quoting montygoldy
Alright update after 6 days ftmo kyc approved…. Now time to make big bucks … i am planning to aim for prime status … so i wont be withdrawing until 4% profit hit
nice
A snails pace wins the race :-)
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