Anyone with even half a brain who would survive long term in trading knows that this is a possibility and knows you should diversify with different firms as a hedge. If you're too ignorant to understand how most of the firms work and how to better protect yourself, than what is there to say? To act surprised or like you have to be some type of genius to see this as a decent probability to happen is beyond ridiculous. Also, you guys act as if their results will transfer easily to a live account. It just shows how ignorant some of you are. Let me explain: If you waited for the best deals on APEX you could get $2,500.00 of risk capital for $200.00. This is even factoring in allowing you to fail almost 6 evals out of 7. So even if you bought 7 evals and only pass 1, you still get essentially $12.00 of risk capital per dollar you spent. If you don't see or understand how much of an advantage that is over a live account, than there's not much else to say, you don't have the IQ to effectively be discussing trading related matters. Also, you make a critical error on your live account, you're out of commission potentially for a long time. You make a critical error on one of these accounts you're potentially only out $102.00 - $200.00.
Which has nothing to do with this thread. All of this scam shops are internalizing the orders like OTC FX shops. 90% losers to pay the 10% winners. The issue at hand is that these guys booked the gains and are showing as "active" in the reporting yet their gains are withheld for some Draconian BS "not following the rules" or no rationale at all given. If the orders hit the tape then the money would be there even if unsegregated. Ofc it's all dealer OTC BS and they are trading sim while Apex says it's real (funded accounts).
Ok, well the gentleman I quoted asked why the person wasn't harvesting these gains on their live account. So, I have to say my post does have some relevance if nothing else at least to that individual. Which to be fair I did quote the individual. So, what is the standard than? I can't reply and answer a question someone else had related to the post, since it doesn't directly align with the thread title? Ok sure I guess.
Dude, of course they don't. That's like 100% of these online firms. Some of them do eventually move you to live though and those are the more stable ones. People keep repeating "didnt go to the live market" that's like saying the sky is blue, its no revelation at all.
I have a live funded account with Topstep and can confirm the orders are visible in the orderbook. It's the first thing I tested when I got the account.
Topstep (and a few others) don’t have you indefinitely on a simulator account. That’s the key distinction. It’s still the same business model, though, where the huge majority of failed traders bring in the bulk of the income. It’s all about selling the dream in this business.