Use a parenthetical and always quote the full name of the company when posting to this thread. It will help with SEO. Name the guy as well. Name, company address and anyone associated with the company.
Yes. However, the firms are pulling in huge amounts of money, so I do think they can pay, but the shady firms like Apex will do their best to avoid it. There have been some numbers leaked on what these firms bring home in revenue from failed traders and it's not peanuts... Beats me. I think the attraction with Apex is that you can trade 20 accounts simultaneously. So, 20 accounts x 5K = 100K. Of course, it costs a bit to buy 20 accounts. With all the issues and red flags with this firm it should be a hard pass.
That’s exactly it — the multi-account strategy used to work when payouts were honored consistently. But here’s the issue: I had $100,239 officially approved on one PA and $80,000 in profits on another account, which was reset to $0 after 7 full trading days post-violation, with no clear explanation. This isn’t just about buying 20 evals and hoping for the best — it’s about clear communication, fairness, and respect for the traders who build Apex’s reputation. At this point, it’s not just a red flag — it’s a whole parade. But the more we expose these stories, the harder it becomes for firms to keep doing this unchecked.
Yes, let's steer this thread back on topic. If you ever consider using another prop firm, while I am not going to recommend any specific one (in my opinion there are only 2 or maybe 3 worth considering), I'd suggest you pick one with a clear path to an actual live funded account and with as few restrictions as possible.
Hello billT, I am sorry that happen to you. From fellow trader to fellow trader, I am sorry. All you can do is file a claim against Apex like you are doing. I was with Apex for awhile. They have tuff rules, so I understand. My advice 1. Use your own broker and own money. 2. Use the Apex Copier to copy trades from your own broker account to the prop firm accounts. At least if Apex do you not pay you, you have money in your account.