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  • #36,481
  • Edited 12:29pm May 14, 2024 12:10pm | Edited 12:29pm
Quoting sampat
Problem with that thing is it will get too big to handle. For example with 3 months cap traders are accumulating 100K+ what if they do for 12 months?
-With profit caps, you would also need to reset account balances, while still keeping the 10-day minimum trading days between each payout.

Given the nature of the model, nothing will be foolproof until/unless these firms can find reliable ways to generate income outside of fees. I think, by limiting payouts in this way, these firms may have more breathing room, perhaps allowing them to remain operational for longer.
  • #36,482
  • May 14, 2024 12:17pm May 14, 2024 12:17pm
Quoting Capablanca
{quote} Apex has always a way of putting a SL on dangerous traders, the same way MFF did: stp them (which in futures would be to put them in live market).
If they want to put them into live account they need to withdraw everything and allow only one account which result in sending wrong signal to upcoming traders.
I remember APEX started to implement withholding threshold like other firms but there was so much backlash they reverted back.
  • #36,483
  • May 14, 2024 1:30pm May 14, 2024 1:30pm
I think there is a lot more "virtual money profits" in apex right now since there was a large migration from fx to futures props. I can't see how they would maintain solvency with the model because of the profit split levels. You can't hedge a-book with such a small share and make money after payout people splits before that. Is like starting 3 laps behind in formula 1.

Tradeovate apparently enforces some sort of abook but the volumes appear to be minimal across all futures props. If all of a sudden lots of orders start filling into futures from one of these props the quants will have a field day with it. Its plankton in a whale filled pool.
  • #36,484
  • May 14, 2024 1:58pm May 14, 2024 1:58pm
Quoting stirmatt
{quote} Make use of X or Facebook next time to generate little income and stop depending on your government handout to pay your bills every month blocked head
seems you get triggered real quick shows me you have a mental issue maybe playing tiddlywinks might help
people leave, but this thread will go on for ever
  • #36,485
  • May 14, 2024 2:11pm May 14, 2024 2:11pm
Quoting anthon25
{quote} Day 11... Almost there, Robot {image}
Day 12
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 78 KB
I am completely a lazy Trader & Pennies Rebate Hunter
  • #36,486
  • May 14, 2024 2:27pm May 14, 2024 2:27pm
hi folks
Warning for AlphaCapitalGroup Trader

i requested payout 6th May and received email payout got flagged,
ask support with no one can answer throw to Payment departmet emailed them it said take 2-5 business days
today 15 May already 5 business day ask me wait another 48 hours

i have $300k account small payout 9k
they try to get rid of profitable traders for sure
  • #36,487
  • May 14, 2024 3:00pm May 14, 2024 3:00pm
Quoting Takisd
I think there is a lot more "virtual money profits" in apex right now since there was a large migration from fx to futures props. I can't see how they would maintain solvency with the model because of the profit split levels. You can't hedge a-book with such a small share and make money after payout people splits before that. Is like starting 3 laps behind in formula 1. Tradeovate apparently enforces some sort of abook but the volumes appear to be minimal across all futures props. If all of a sudden lots of orders start filling into futures from...
Why can't they hedge small portion in all PA accounts. For example if they B-Book 1 micro EVERY standard 1 lot traded by trader. Why can't they make profit as there is TRAILING DRAWDOWN.
  • #36,488
  • May 14, 2024 3:09pm May 14, 2024 3:09pm
Quoting HengkiTjen
hi folks Warning for AlphaCapitalGroup Trader i requested payout 6th May and received email payout got flagged, ask support with no one can answer throw to Payment departmet emailed them it said take 2-5 business days today 15 May already 5 business day ask me wait another 48 hours i have $300k account small payout 9k they try to get rid of profitable traders for sure
Shame thought they'd have paid up by now. Hopefully within the 48rs they'll clear things up one way or another. Any further communication from other 2 firms?
  • #36,489
  • May 14, 2024 3:13pm May 14, 2024 3:13pm
Quoting HengkiTjen
hi folks Warning for AlphaCapitalGroup Trader i requested payout 6th May and received email payout got flagged, ask support with no one can answer throw to Payment departmet emailed them it said take 2-5 business days today 15 May already 5 business day ask me wait another 48 hours i have $300k account small payout 9k they try to get rid of profitable traders for sure
Thanks for the update mate.
These days is more and more important that people share the payouts pending and paid, in order that we know how each prop is working.
I hope that they will sort your payout soon. GL.
  • #36,490
  • May 14, 2024 3:14pm May 14, 2024 3:14pm
Quoting rizla101
Hopefully within the 48rs they'll clear things up one way or another.

They will if they know you’re posting online. It’s the other 99% of their victims … sorry, “customers” … we should worry for.
  • #36,491
  • May 14, 2024 3:37pm May 14, 2024 3:37pm
Quoting HengkiTjen
hi folks Warning for AlphaCapitalGroup Trader i requested payout 6th May and received email payout got flagged, ask support with no one can answer throw to Payment departmet emailed them it said take 2-5 business days today 15 May already 5 business day ask me wait another 48 hours i have $300k account small payout 9k they try to get rid of profitable traders for sure
Hmm... I didn't have any issues with my last payout. Withdrew 6.4k on a 100k account.. Submitted on April 30th and was approved on may 1.
Just submitted another request today for 2.4k. Let's see if this gets delayed like yours.
  • #36,492
  • May 14, 2024 5:10pm May 14, 2024 5:10pm
Apex doing another insane 90% discount again, with 250K accounts having a particularly good deal for lifetime PA fee.
  • #36,493
  • May 14, 2024 5:59pm May 14, 2024 5:59pm
Quoting AaronPriest
Apex doing another insane 90% discount again, with 250K accounts having a particularly good deal for lifetime PA fee.
Looks like one time (first month) not lifetime.
Trade with confidence, trade without fear.
  • #36,494
  • May 14, 2024 6:10pm May 14, 2024 6:10pm
Quoting Cryptosurf
{quote} Looks like one time (first month) not lifetime.
90% is always for first month following month it is 80%
  • #36,495
  • May 14, 2024 6:11pm May 14, 2024 6:11pm
Quoting Cryptosurf
{quote} Looks like one time (first month) not lifetime.
I was referring to the PA lifetime cost after passing eval:
"Lifetime for $250k accounts: $300 - $320 __NOW $85 (Rithmic & TDV) !!!!!!!! (This applies to the $250k accounts ONLY)"
  • #36,496
  • May 14, 2024 7:13pm May 14, 2024 7:13pm
Quoting AaronPriest
{quote} I was referring to the PA lifetime cost after passing eval: "Lifetime for $250k accounts: $300 - $320 __NOW $85 (Rithmic & TDV) !!!!!!!! (This applies to the $250k accounts ONLY)"
Usually I get my credentials instantly but not this time. With props shitting the bed everyone's getting their futures erection especially with the 90% sale
Pride always comes before destruction.... -Proverbs 16:18
  • #36,497
  • May 14, 2024 7:25pm May 14, 2024 7:25pm
Quoting AaronPriest
{quote} I was referring to the PA lifetime cost after passing eval: "Lifetime for $250k accounts: $300 - $320 __NOW $85 (Rithmic & TDV) !!!!!!!! (This applies to the $250k accounts ONLY)"
Yes but you have only 4 days to pass to take advantage of one time PA fees.
Allowed trailing DD = 6.5K
Profit target = 15K
Only thing attractive here is one time fees 85$.
  • #36,498
  • May 14, 2024 7:26pm May 14, 2024 7:26pm
Quoting Expo33
{quote} Usually I get my credentials instantly but not this time. With props shitting the bed everyone's getting their futures erection especially with the 90% sale
Because lots of people might be buying
  • #36,499
  • May 14, 2024 7:39pm May 14, 2024 7:39pm
Quoting sampat
{quote} Because lots of people might be buying
Absolutely.

I needed something to blow up while I wait for my prestigious 30K in seed capital from Darwinex.
Pride always comes before destruction.... -Proverbs 16:18
  • #36,500
  • May 14, 2024 7:44pm May 14, 2024 7:44pm
Quoting Expo33
{quote} Absolutely. I needed something to blow up while I wait for my prestigious 30K in seed capital from Darwinex.
How long of a wait for the seed money?
Trade with confidence, trade without fear.
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