Apex approved $100K payout, then erased it

Discussion in 'Prop Firms' started by billT, Jun 25, 2025 at 11:00 PM.

  1. zdreg

    zdreg

    I have really bad news. Even if you win lots of luck collecting.
     
  2. billT

    billT


    Hey, thanks for the kind words and for sharing your experience.


    I totally get where you’re coming from. Having control and peace of mind with your own account is priceless — especially after going through unfair situations like denied payouts or broken tools.


    For me, this Apex case wasn’t just a small hiccup… it was a confirmed $100K payout, approved, and then erased. That’s not growing pains — that’s serious.


    I respect your decision to move on from prop firms. I may follow that path too, but for now, I feel it’s important to expose what happened so others can make informed choices.


    Appreciate your support
     
  3. billT

    billT


    Exactly — you nailed it.


    A legit prop firm should be excited to move a consistent, profitable trader into a live environment. That’s the whole point, right?


    In my case, I followed every rule, got five approved payouts, and my sixth for $100K was officially approved on May 2. Then everything went silent… and eventually, the account was reset to $0 with no explanation.


    That’s not just a delay — that’s a refusal to honor a confirmed payout. If Apex truly believed in transitioning to live capital, I’d already be there.


    Thanks for recognizing how it should work
     
  4. billT

    billT


    Exactly. When payouts get revoked after approval, and profits disappear without clear justification — it stops being a prop firm and starts feeling like an arcade game… where the house always wins.


    Real prop firms reward performance. Not punish it.
     
  5. You must be a pretty good trader if you earn such amount of money with APEX, their intraday drawdown rules is fked up
     
    SimpleMeLike likes this.
  6. billT

    billT

    Thanks bro, appreciate it.


    Yeah, the intraday trailing drawdown was definitely a challenge — I had to adapt my size, entries, and risk really tightly. But once I found the rhythm, I was able to pass multiple PAs and get consistent payouts.


    Until… they approved a $100K+ payout and then erased everything.


    So even when you play by the rules, it doesn’t always end fairly. That’s why I’m speaking out now.
     
  7. Baron

    Baron Administrator

    daily drawdown
     

  8. Attorney files a lien on any/all real property in his county. I've done it. Def paid three weeks later.
     
    SimpleMeLike likes this.
  9. billT

    billT

    That’s a powerful move. I hadn’t considered filing a lien on their property. I assume that would only work if the firm or individual owns real estate in a public registry under their name?


    Did you do this through small claims or with a lawyer directly? I’d appreciate any insight — I’m seriously considering all legal paths at this point.


    Thanks for sharing that.
     
  10. billT

    billT

    That’s a powerful move. I hadn’t considered filing a lien on their property. I assume that would only work if the firm or individual owns real estate in a public registry under their name?


    Did you do this through small claims or with a lawyer directly? I’d appreciate any insight — I’m seriously considering all legal paths at this point.


    Thanks for sharing that.