I warned against this scam bucket shop on ET years ago and received a lot of heat and harsh comments from doing so.
This is top idiocy. What on Earth prevents the super-trader harvesting the profits on his own account? He's got an edge obviously
Good Morning TrAndy2022, Nothing good last forever. They paid me about $4000 this year. I am not with them anymore.
Good Morning destriero, LOL HAHAH, how you been doing buddy? You are correct. lol, yes I was just trying make some money man from Apex.
Apex made two mistakes: 1. Priced their evals too cheaply in order to grow the business. 2. Refused to setup a system to move top performing traders to a live account, such that their profits would come from the market instead of Apex's own pockets. Topstep has more expensive evals and they move top traders to live accounts. Unlikely what happened to Apex will happen to Topstep.
i read somewhere that these types of funded accounts are reset at your drawdowns to prevent hail mary traders got lucky. pnl doesn't count.
I have read this from Apex. It looks like an excuse to me. This guy has nothing done wrong they admit indirectly but they hold him for another 30 days. Also he got individually more strict rules than others which is not fair, because they are implemented only based on his actual profits. Partly banned now as he cannot buy any more new challenges. Only delaying payouts because they/APEX must have problems to do so or ?
Too bad, after you got your million dollar payout you are banned forever. Trader Kane said this too in his interview on the link above I posted earlier (after 85 minutes when the video started around). Those funded accounts are frozen forever and they cannot continue to trade. Most of those stay silent. That is Apex.