I think it’s ridiculous. I made 4500 one day and they next day 4000 then lost 5k puff gone .. this system is made for them to make money off of people let’s be honest they are not trying to find good traders they want to make Obey off of the newbs
The more you trade by the APex rules, the more they shape your trading. No matter at what stage, I take profit at the first candle against me. Its not a bad practice, yeah you could possibly win more if you had let it run, but this way you are securing profits. You can always get back in. Thank you for sharing the "its going to take at least a month" before you are able to ask for some of your gains. I really want this to work, you cant beat having someone trust you with a 25k account for $15 you are risking.
If you're not a consistent trader sticking to a plan and execute the same way every day then this will be tough to pass...stay within the rules and your plan and you're golden.
Being in a 'short' position and loosing your data should have had you hammering either 'close' or 'flatten' ...not sending multiple 'buy' orders. You need hotkeys for both CLOSE and FLATTEN & CANCEL ALL orders. It is also very smart to subscribe to data from more than one vendor. Rithmic + another vendor (running on a second platform) I trade with Ninja+Rithmic but run two other platforms with two additional different data sources.
There is no flatten ordered. Your platform calculates an opposing order to close your position when you use that button. So if you're long 2 and hit flatten, your platform, on your pc, actually sends a "market sell 2" order to the exchange. The exchange can receive this order, and close your position, but if for whatever reason your platform hasn't updated and you hit the button again, it will attempt to close the two lots again by selling another 2 at market. That's why you should never, ever, pound the flatten button especially when you're having data issues, because you can end up in a massive position and it can skirt around any hard coded limits you put in your platform since it isn't being properly updated as to your position.
If you're on the 50k plan and are up $2501 but end up skunking the trade break even you have not lost a dime but you have officially blown up your account. The platforms tend to be better for scalpers because anytime you're in a green trade and it backs up on you that is counting against you even if you close green. You can be up $2501 and eventually close at $1,000 green (still in profit -- you just made $1,000 on your first trade) yet you still have a -$1,501 drawdown. It's lame. I hate it.
It’s the only way to protect there money because you are trading with THERE money. You have to make small profits of 500-1,000 a day or maybe more if you can. AND have a small $250 dollar loss. That is it. Please don’t make this harder. A lot of members in my discord got funded EASY. They all got the $50k account plan and passed it within a month.
Excellent views on how we have access to prop firms that were never available to the common man before. When I started 17 years ago, you needed 5k margin and could only trade two contracts at a time. then discount brokers started to pop up. You are so right and if we want to trade their capital we must abide by their rules or else open your own account and then you can do whatever you like.
In futures prop industry the best account choice is 50k usd with no daily drawdown. It iş not logical to choose big size accounts in any manner . Besides being funded is just the first part of the journey. Pro traders as YT channel owner should speak about withdraws not being funded…
Trailing drawdown is one of those things that absolutely need to be watched carefully. But thankfully for Apex, the trailing drawdown stops at account starting balance +$100
You're bought and paid for, who are you trying to fool? Why on earth would you have a rule like that unless you want traders to fail. This is the worst rule ever! And you know it and don't trade yourself with them, but only get a nice commission when peolple sign up. Of course you'll delete this comment...
@@molhamdes if you start with a 50k account for example, your trailing drawdown would be $2,500. So if your balance hits 52,600 your drawdown would be 50,100 and then your balance grows to 55,000 your drawdown would still be 50,100.
The way I see it is they provide the funds. You have to earn the returns. Like a job. Put the hours in get good at what you do and eventually get paid for your hard work. To me this is a tremendous opportunity.
you can choose a propfirm with relative drawdown if you are an intraday trader but never choose a propfirm with trailing drawdown because propfirms rules are already difficult and not easy to pass even with balance based drawdown .
The trailing drawdown is not as big of a problem as people make it. Don't go in with max contracts allowed , set realistic take profit goals and take profit. The big thing with Apex, is after you get funded the trailing drawdown stops at $100 above your initial account size after you have made the drawdown amount. So if you start with a $100k account and the drawdown is $2500, after you make $2600 in the account your drawdown stops at $100,100.00 . Most all of the other prop firms stick you with a daily drawdown even if you have made $50000 or more. Basically, once you get in a funded account and make some money there are very few rules with APEX.
@Trader X yeah… that’s just not true. There is certainly a payout structure in place if that’s what you mean. It’s all pretty clearly laid out on their website. A webinar on it too. Makes sense tbh
@Trader X DUH!!! It would not be smart for you to withdraw your full profits. If you were able to do this, now you have taken away the cushion for yourself. Would you rather have no breathing room for a trade?
300k account is basically 35(contacts) x 500(day margin) = $17,500 Now lets say you take 20-30 contacts, and you hit the thresholds in seconds. Paying $700/month, i guess at that point its just better take out the loan and trade yourself without any limits. No payout limits, no thresholds or monthly fees on "pittance account". Considering targets, volatility and the actual amounts its mostly just a waste of time, so that Apex could milk you monthly and reset fees. Its easy to make $ but trailing threshold vs per trade "on 300k" makes it more like trading on some 4000usd actual account. Whats the points of paying 700usd mo at that point? Just trade 2 M2K contacts w +2 adding up to like 10 and u will prob make far more.
in my opinon and experience Rithmic is one of the worst data providers I've used over the years, my other connections through other providers hardly ever have issues. As for the prop accounts the trailing drawdowns are very predatory and sneaky. It's one of the sleeziest things about doing funded accounts. I've had around half a dozen accounts over the last 2 years get pulled well above the starting threshold bc of the trailing drawdown. Imagine your accounts being $1000 or more in profit and failing bc of the trailing drawdown..... More and more props are starting to offer static or EOD accounts which do not adjust based off unrealized gains which in my opinion is a way better option for majority of people. Congrats btw on passing your evals.
Sorry, but i've got to disagree with that assessment Korbs. I agree with you about the fact that we are not entitled to the funding so rules are to be expected. But to have a fixed trailing drawdown that never stops AS WELL AS doing it on unrealized gains is forcing traders to trade a specific way. Having one or the other would be understandable, but having both forces you to not be able to let a trade breathe. If you know what you are doing and you get in on a low, price is going to run up and then retrace before resuming higher. You could easily be knocked out of your trade and your account on the retracement even though your SL wasn't hit, just because of your unrealized profits. Like you stated in the video, you are never able to build a cushion. That fact keeps you from being able to scale up your trading. I almost went with APEX but these were the issues that kept me from going with them. I ended up going with Topstep.
The trailing drawdown does not go on forever. Per their website - " In a paid/funded account, the max drawdown stops trailing at $100 plus the initial plan balance, i.e., $50,100 on a 50k plan and will not keep trailing.
Apex does have a $100k Static evaluation option with no trailing threshold but the allowed drawdown is tight at $625 (?!), with profit goal of just $2000.
The easiest way to pass apex is to do the 25k account. If you can’t make 1500 with a 1500 drawdown then you should be on sim. Then once you get the funded account u can escape the drawdown. The 300k account is really the best value but def much harder to make 20k with 7500 drawdown.
Drawdown is not the big of a deal, if you cannot make say 3K before you lose 2.5K then you probably should not get real capitol to trade a 50K account, which is what those drawdowns are for I mentioned, cause i have 20 accounts, you can have that many max. you can spread your risk easier this way, so if you make say 200 only for one account, you have a tool called trade copier that lets you trade on one account and copy to all your other accounts, so 200 per day x 20 accounts = 4K per Day of which you will get 90 percent of those profits after funded, and the first 25K per account withdrawn is 100percent yours before the 90/10 split. And they always runs specials, right now even they are 90% off so a 50K account would be 16.00 dollars per account, not 167.00! Sale right now till july 4th.
Thanks Korbs to you and your team!! First: if funding accounts did not exist, we would be crying and shouting "why they don't exist"! Second, I always believed that they were the best option to forge the future trader, especially the discipline part. Greetings from Argentina (apologies for spelling)
Switched from Apex & went to a prop firm that does NOT have an auto trail draw down. Now I have an $1,100 End Of Draw Down which is MUCH easier to live with!!!
The trader who uses futures prop firms should not use rithmic data. Sierra chart data is great. Just close market data of rithmic and use Sierra chart data instead. Quick solution.
I like Apex, but I have had those glitches where I don't know if I'm in a position or not and get in reversed positions. often multiple reversed positions. But that's a data problem, not an Apex problem, trading during slow times, helps resolve this problem.
now they have a great offer they beat all the prop firms but the downside is they don't have chat customer support and since i joined i can't trade for 2 days because ninja trader won't connect and they didn't fix it yet.
If someone says they don't know where your entri and your stop is, then they're lying. and when providers claim that their listing dates will not be delayed or otherwise affected. THEN PEOPLE WILL LIE TO YOU:
Con noun A disadvantage of something, especially when contrasted with its advantages (pros). ‘pros and cons’; Con noun (slang) A fraud; something carried out with the intention of deceiving, usually for personal, often illegal, gain.
If you can make 200% plus returns you don't need a "funded" account these accounts are way to small and with a trailing drawdown most be better off paper trading for free until ready "50k" is 2500 you have to make 5600 to get paid 2000 before losing a trialing 2500 that's insanity if you r that good you dont need this service
Apex Trader doesn’t send your trades to the market. They send your trades to a simulator and they pay from the fees that others pay and fail their accounts.
What happens when I'm funded 6M and i withdraw over 1M a month? I believe they only do that for the first 3 months where you can withdraw 2.5% max to weed out the gamblers
I’ll never use Apex based on the trailing drawdown. Sad because I watched an interview with the Apex CEO and I really liked him but it sounds like it’s not realistic or friendly to growing traders.
One question, if I have an account of 100k for an exemple and and I'm currently in 110k balance with closed profits, next Trading day if I hit 3k loss which is the max trailainyDD.. do I lose my account or just not able to trade that particular day??
no, because you have surpassed the trailing in profit. once you have made the trailing + 100, the drawdown locks to the balance for instance the trailing on 100k is 3k...when your account gets to that + 100 (3100) then your account would be 103,100. your drawdown is now at 100k and as you grow, the drawdown stays at 100k. for you to lose the account, you'd need to get all the way back to 100k from 110k in your example
I have a question on the drawdowns. Say it happens like what you say and now the max drawdown in $4000. If you do another break even trade that goes up +$1000 then back to break even is the max drawdown now $3000?
Tradovate has super good rates day and night so you don't need a lot of money, $500 margin day and night for es500, so 4 contracts are $2000 pretty cheap compared to tradestation charges $1166 day rate from 9am to 4 pm only then 11666 i think from 6pm to 9am
The trailing is the reason Apex is making so much money. The trailing fucks you over. I can’t wait to a better firm come out and take Apex out by not having a trailing and give monthly discounts.
Are you trading under a business entity? Just curious about additional exchange fees. FAQ states to review terms to see if you qualify, but nothing is stated in their terms about this. Thanks.
Trade on two NT8 platforms... trading one account (leader) talking out trades to 19 other accounts (per platform) using trade copier for a total of 40 $300K accounts ;-)
@@เรียนภาษาอังกฤษวันนี้ I’ve actually pulled $20k out of Apex over the past 8 months with $10k in fees paid. So that’s $10k which is 1099’d. Even after taxes it has been worth it for me. Explain to me exactly how this is a scam?
hi korbs. i appreciate your review, especially about the entitlement attitude some people have in life. have you had experience with payouts with apex? meaning have you withdrawn from profits made from the account, and if so, how did it go? that would make this review more complete. thank you.
Most humans are ingrates in general from my experience. We make our own lives miserable by being little shits who complain about little things instead of being happy about what we have. Sorry about that guys I just think a little more gratitude would make all our lives richer in more ways than one. Thanks for the video kerb.
@@patmontes2 trade 10x as small for 10x as long as you think you should till you’ve amassed a buffer in the funded account and it’s well in the rear view mirror. Small price to pay for the rest of your life having an account large enough to blow out anytime you’re cocky and overconfident afterward. Treat it like your kids life. Speed kills, size = speed
Hi James! Yes, you're absolutely right. The coupon code will give you a 50% discount on all plans offered by Apex, regardless of which subscription you choose. 🙂
10 mini Or 100 micro would be the max open at any one time.... but in a 50k account for example you really should only be trading 1 to 3 mini contracts and never the max (10)
It’s also never real money. It’s all sim. It’s a ponzi. New trader fees fund the withdrawals. If you start making too much your account will be closed trust me.
For those that trade with firms like this. I’m having trouble figuring out what tax documents you get at the end of the year? I’m in the US. Do they issue a 1099?
Is there a minimum profit target that is required to be hit every month on the funded account? Say on the 25k account. Do I need to make 1500 per month minimum? Or is that just for the evaluation portion?
Depends on the account you paid for in the eval, and only for 3 months. You can wdraw 2x a month, but for the first 3 months, they will limit it PER wdraw. e.g. 100k static min wdrawal for the first 3 months is 1000usd per withdrawal. After 3 months, there will not be any limits in payout
Oh, the fees for delivery are ridiculously low everywhere in this World, because it's a work like a slavery!!! I've been doing it in Denmark, I did it in Romania a bit , so trust me I know how it is to deliver food.
My question is: If there is a trailing drawdown why would the 300,000 funding be different to a 7,500 funding. I mean why would they give you 300,000 funding if only they will cancel your account at 292,500. Do you know why is that? I read the conditions of the PA account after you pass the evaluation and is the same thing.
IMO the funding capital product scheme is a trap laid for the neophytes. What you're basically paying for is the amount of allowance you get when you lose trades. Also, you lose when you do not realize max profit while you have an open contract. FWIW, as a matter of principle I would rather stick to 100k static
🚀 Get paid without risking your own capital! Start here: go.tradacc.com/funding-accelerator
I think it’s ridiculous. I made 4500 one day and they next day 4000 then lost 5k puff gone .. this system is made for them to make money off of people let’s be honest they are not trying to find good traders they want to make
Obey off of the newbs
The more you trade by the APex rules, the more they shape your trading. No matter at what stage, I take profit at the first candle against me. Its not a bad practice, yeah you could possibly win more if you had let it run, but this way you are securing profits. You can always get back in.
Thank you for sharing the "its going to take at least a month" before you are able to ask for some of your gains.
I really want this to work, you cant beat having someone trust you with a 25k account for $15 you are risking.
It’s $1500 in disguise of $25k
That's one of the reasons to use bracketed limit and stop orders, for entry and exit.
If you're not a consistent trader sticking to a plan and execute the same way every day then this will be tough to pass...stay within the rules and your plan and you're golden.
Eh, I one shot killed it more than once, but yest in general this is very true
I pass 17 of 25k accounts. I'm doing OK. Around 400 to 800 a day.
@@mariongreen9065 do you use trade copier?
@@mariongreen9065awesome!! I need to do that!
Being in a 'short' position and loosing your data should have had you hammering either 'close' or 'flatten' ...not sending multiple 'buy' orders. You need hotkeys for both CLOSE and FLATTEN & CANCEL ALL orders.
It is also very smart to subscribe to data from more than one vendor. Rithmic + another vendor (running on a second platform)
I trade with Ninja+Rithmic but run two other platforms with two additional different data sources.
There is no flatten ordered. Your platform calculates an opposing order to close your position when you use that button. So if you're long 2 and hit flatten, your platform, on your pc, actually sends a "market sell 2" order to the exchange. The exchange can receive this order, and close your position, but if for whatever reason your platform hasn't updated and you hit the button again, it will attempt to close the two lots again by selling another 2 at market. That's why you should never, ever, pound the flatten button especially when you're having data issues, because you can end up in a massive position and it can skirt around any hard coded limits you put in your platform since it isn't being properly updated as to your position.
Sponsored by Apex trading *
Can’t trust anyone 😂
Exactly!!!!
If you're on the 50k plan and are up $2501 but end up skunking the trade break even you have not lost a dime but you have officially blown up your account. The platforms tend to be better for scalpers because anytime you're in a green trade and it backs up on you that is counting against you even if you close green. You can be up $2501 and eventually close at $1,000 green (still in profit -- you just made $1,000 on your first trade) yet you still have a -$1,501 drawdown. It's lame. I hate it.
With the funded acct it’s different. Once you reach $52500 you essentially become the first loss, down to $50100. It’s their way of mitigating risk.
The key is under leverage with micros or target keeping with scalping
It’s the only way to protect there money because you are trading with THERE money. You have to make small profits of 500-1,000 a day or maybe more if you can. AND have a small $250 dollar loss. That is it. Please don’t make this harder. A lot of members in my discord got funded EASY. They all got the $50k account plan and passed it within a month.
You shouldn’t be giving $1500 back on a trade. Would you want to fund someone giving that much back? Take profits and look for another entry.
@@brandonweddle2577 what’s micros
Excellent views on how we have access to prop firms that were never available to the common man before. When I started 17 years ago, you needed 5k margin and could only trade two contracts at a time. then discount brokers started to pop up. You are so right and if we want to trade their capital we must abide by their rules or else open your own account and then you can do whatever you like.
Glad you enjoyed the review, Steve
In futures prop industry the best account choice is 50k usd with no daily drawdown. It iş not logical to choose big size accounts in any manner . Besides being funded is just the first part of the journey. Pro traders as YT channel owner should speak about withdraws not being funded…
Trailing drawdown is one of those things that absolutely need to be watched carefully. But thankfully for Apex, the trailing drawdown stops at account starting balance +$100
When going live, yes! I should have mentioned that 🍻🍻
can you clarify more?
Didn't work for me when I broke out by 8 dollars
You're bought and paid for, who are you trying to fool? Why on earth would you have a rule like that unless you want traders to fail. This is the worst rule ever! And you know it and don't trade yourself with them, but only get a nice commission when peolple sign up. Of course you'll delete this comment...
@@molhamdes if you start with a 50k account for example, your trailing drawdown would be $2,500. So if your balance hits 52,600 your drawdown would be 50,100 and then your balance grows to 55,000 your drawdown would still be 50,100.
The way I see it is they provide the funds. You have to earn the returns. Like a job. Put the hours in get good at what you do and eventually get paid for your hard work. To me this is a tremendous opportunity.
Exactly
Hustlers see the opportunity!
you can choose a propfirm with relative drawdown if you are an intraday trader but never choose a propfirm with trailing drawdown because propfirms rules are already difficult and not easy to pass even with balance based drawdown .
The trailing drawdown is not as big of a problem as people make it. Don't go in with max contracts allowed , set realistic take profit goals and take profit. The big thing with Apex, is after you get funded the trailing drawdown stops at $100 above your initial account size after you have made the drawdown amount. So if you start with a $100k account and the drawdown is $2500, after you make $2600 in the account your drawdown stops at $100,100.00 . Most all of the other prop firms stick you with a daily drawdown even if you have made $50000 or more. Basically, once you get in a funded account and make some money there are very few rules with APEX.
@Trader X other than a self funded account, you know somewhere better?
@@bill7778 no cap on withdrawals with oneuptrader. More flexible in terms of rule compared to apex
@Trader X yeah… that’s just not true. There is certainly a payout structure in place if that’s what you mean. It’s all pretty clearly laid out on their website. A webinar on it too. Makes sense tbh
@Trader X DUH!!! It would not be smart for you to withdraw your full profits. If you were able to do this, now you have taken away the cushion for yourself. Would you rather have no breathing room for a trade?
300k account is basically 35(contacts) x 500(day margin) = $17,500
Now lets say you take 20-30 contacts, and you hit the thresholds in seconds.
Paying $700/month, i guess at that point its just better take out the loan and trade yourself without any limits. No payout limits, no thresholds or monthly fees on "pittance account". Considering targets, volatility and the actual amounts its mostly just a waste of time, so that Apex could milk you monthly and reset fees.
Its easy to make $ but trailing threshold vs per trade "on 300k" makes it more like trading on some 4000usd actual account. Whats the points of paying 700usd mo at that point? Just trade 2 M2K contacts w +2 adding up to like 10 and u will prob make far more.
But they have 80-90% coupons every time hahaha
in my opinon and experience Rithmic is one of the worst data providers I've used over the years, my other connections through other providers hardly ever have issues. As for the prop accounts the trailing drawdowns are very predatory and sneaky. It's one of the sleeziest things about doing funded accounts. I've had around half a dozen accounts over the last 2 years get pulled well above the starting threshold bc of the trailing drawdown. Imagine your accounts being $1000 or more in profit and failing bc of the trailing drawdown..... More and more props are starting to offer static or EOD accounts which do not adjust based off unrealized gains which in my opinion is a way better option for majority of people. Congrats btw on passing your evals.
🍻🍻
You have no business trading buddy.
I passed 4 50k evaluations but keep blowing my Funded account… on my 5th evaluation will pass it next week
Sorry, but i've got to disagree with that assessment Korbs. I agree with you about the fact that we are not entitled to the funding so rules are to be expected. But to have a fixed trailing drawdown that never stops AS WELL AS doing it on unrealized gains is forcing traders to trade a specific way. Having one or the other would be understandable, but having both forces you to not be able to let a trade breathe. If you know what you are doing and you get in on a low, price is going to run up and then retrace before resuming higher. You could easily be knocked out of your trade and your account on the retracement even though your SL wasn't hit, just because of your unrealized profits. Like you stated in the video, you are never able to build a cushion. That fact keeps you from being able to scale up your trading. I almost went with APEX but these were the issues that kept me from going with them. I ended up going with Topstep.
I wish you would reconsider :)
The trailing drawdown does not go on forever. Per their website - " In a paid/funded account, the max drawdown stops trailing at $100 plus the initial plan balance, i.e., $50,100 on a 50k plan and will not keep trailing.
Apex does have a $100k Static evaluation option with no trailing threshold but the allowed drawdown is tight at $625 (?!), with profit goal of just $2000.
The easiest way to pass apex is to do the 25k account. If you can’t make 1500 with a 1500 drawdown then you should be on sim. Then once you get the funded account u can escape the drawdown. The 300k account is really the best value but def much harder to make 20k with 7500 drawdown.
I think top step is worse bc it’s more expensive and longer eval and it has daily drawdown which to me is more restrictive
Drawdown is not the big of a deal, if you cannot make say 3K before you lose 2.5K then you probably should not get real capitol to trade a 50K account, which is what those drawdowns are for I mentioned, cause i have 20 accounts, you can have that many max. you can spread your risk easier this way, so if you make say 200 only for one account, you have a tool called trade copier that lets you trade on one account and copy to all your other accounts, so 200 per day x 20 accounts = 4K per Day of which you will get 90 percent of those profits after funded, and the first 25K per account withdrawn is 100percent yours before the 90/10 split. And they always runs specials, right now even they are 90% off so a 50K account would be 16.00 dollars per account, not 167.00! Sale right now till july 4th.
funded accounts are seriously the way to financial freedom for retail traders. i am so humbled and grateful they exist for me to use!
🍻🍻
Bro u also habe apex funded account? Whats the size?
Thanks Korbs to you and your team!! First: if funding accounts did not exist, we would be crying and shouting "why they don't exist"! Second, I always believed that they were the best option to forge the future trader, especially the discipline part. Greetings from Argentina (apologies for spelling)
🍻🍻
10 last coupons for every test you will take in apex platforf, harry up !!
* PJXUONZK *
Who is the lucky winner's?
No. You just would grow what you have like everyone else has been doing for decades.😂
@@banginzaza 🤣🤣
Are you sponsored with apex in any manner past the affiliation? Do you have any behind the scenes business deals or offers from them?
they have a "static" account for 100k that's non-trailing draw down
It's the best option, if you get off the ground and establish a buffer
Don't hit buy, hit flat. Can you get a back-up data feed on Apex or other funded trader programs?
For next time :)!! And no backup data feeds
He said it, a lot of traders can be in that entitlement where they think they should get an easier chance
Their trailing dd means even skilled traders have to get lucky unfortunately to survive initially.
Switched from Apex & went to a prop firm that does NOT have an auto trail draw down. Now I have an $1,100 End Of Draw Down which is MUCH easier to live with!!!
Let me guess Bulenox.
The trader who uses futures prop firms should not use rithmic data. Sierra chart data is great. Just close market data of rithmic and use Sierra chart data instead. Quick solution.
I am $200 and 5 days away from passing my evaluation account. I’ll let you know if I actually get funded or if they pull some BS in a week.
update
I like Apex, but I have had those glitches where I don't know if I'm in a position or not and get in reversed positions. often multiple reversed positions. But that's a data problem, not an Apex problem, trading during slow times, helps resolve this problem.
🍻🍻
now they have a great offer they beat all the prop firms but the downside is they don't have chat customer support and since i joined i can't trade for 2 days because ninja trader won't connect and they didn't fix it yet.
Hate to hear that. That seems unusual!!
@@korbstrading some how they replied back fast and I got sorted 👌
If someone says they don't know where your entri and your stop is, then they're lying. and when providers claim that their listing dates will not be delayed or otherwise affected. THEN PEOPLE WILL LIE TO YOU:
Why did you not hit "Flatten" instead of Long?
I absolutely love you tearing down the entire wall. That view is amazing to trade from!!!
Con
noun
A disadvantage of something, especially when contrasted with its advantages (pros).
‘pros and cons’;
Con
noun
(slang) A fraud; something carried out with the intention of deceiving, usually for personal, often illegal, gain.
If you can make 200% plus returns you don't need a "funded" account these accounts are way to small and with a trailing drawdown most be better off paper trading for free until ready "50k" is 2500 you have to make 5600 to get paid 2000 before losing a trialing 2500 that's insanity if you r that good you dont need this service
honestly the trailing stop takes some serious skill, competitive drive, and ego, static all the way. its like have a end of world friendly job
🍻🍻
Apex Trader doesn’t send your trades to the market. They send your trades to a simulator and they pay from the fees that others pay and fail their accounts.
What happens when I'm funded 6M and i withdraw over 1M a month? I believe they only do that for the first 3 months where you can withdraw 2.5% max to weed out the gamblers
😮
Really wow where can I find that information?
@@julianbrown3668 from the people who have withdrawn millions.
@@julianbrown3668 it is in the contract that you sign after passing the evaluation.
I’ll never use Apex based on the trailing drawdown. Sad because I watched an interview with the Apex CEO and I really liked him but it sounds like it’s not realistic or friendly to growing traders.
Its not $300k..in a 50k trading account for example nq mini 5 contracts is $5k..why does everyone keep that lie going?
Very nicely articulated Korbs...Good work.
Thanks Mick, glad you enjoyed! 🍻
Outstanding review, I am finding that Apex is exceeding expectations. I appreciate your objective review.
One question, if I have an account of 100k for an exemple and and I'm currently in 110k balance with closed profits, next Trading day if I hit 3k loss which is the max trailainyDD.. do I lose my account or just not able to trade that particular day??
no, because you have surpassed the trailing in profit. once you have made the trailing + 100, the drawdown locks to the balance for instance the trailing on 100k is 3k...when your account gets to that + 100 (3100) then your account would be 103,100. your drawdown is now at 100k and as you grow, the drawdown stays at 100k. for you to lose the account, you'd need to get all the way back to 100k from 110k in your example
Trailing drawdown sucks. So ok evaluation I recommend take profits quickly after 2R 3R. After funded you can hit home runs
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Trailing drawdown is just a snare to make you lose.
I have a question after you pass your evaluation exam. Do you have to make a certain amount every day? Do you have to trade every day?
you sir got yourself a new sub just with the food delivery analogy, don't care about apex
Why don't you just get the static account? They have no trailing drawdown.
625 drawdown is too low a margin for error if you trade the mini.
Trailing draw down with unrealized gains is a big red flag
Yes, it forces traders to be scalpers, and to get out of the trade while it's running.
How about the leverage? I don´t see anything about it
Mines either I thought I was going crazy I sent them a crazy email!!!!!! IT HAPPEND to me with all my 300k account
I got 90% of the regular price for the 300k account 😎🔥
Same 👌👌👌
I have a question on the drawdowns.
Say it happens like what you say and now the max drawdown in $4000. If you do another break even trade that goes up +$1000 then back to break even is the max drawdown now $3000?
yes, for the trailing drawdown accounts
You forgot to mention the trailing drawdown doesn't trail forever. It stops at the initial account balance plus $100.
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I have Funded accounts with several firms
Just watch the rules and get your monthly payouts
They are all good in various ways
Tradovate has super good rates day and night so you don't need a lot of money, $500 margin day and night for es500, so 4 contracts are $2000 pretty cheap compared to tradestation charges $1166 day rate from 9am to 4 pm only then 11666 i think from 6pm to 9am
The trailing is the reason Apex is making so much money. The trailing fucks you over. I can’t wait to a better firm come out and take Apex out by not having a trailing and give monthly discounts.
What’s the difference between the evaluation and “PA” account in terms of everything, trailing loss ect. How do I know what account I’m on
Are you trading under a business entity? Just curious about additional exchange fees. FAQ states to review terms to see if you qualify, but nothing is stated in their terms about this. Thanks.
Great vid as always mate
Hi, I know your sponsored by Apex, would you be able to post about Topstep as well?
Hey is there a funded trading program for options trader trading on index like SPX and NDX?
Trade on two NT8 platforms... trading one account (leader) talking out trades to 19 other accounts (per platform) using trade copier for a total of 40 $300K accounts
;-)
What trade copier do you recommend?
Thanks for this video, I’m about to start the 150k account evaluation, and the information in this video is very informative and helpful! Thanks. 🙏🏻
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Extremely level-headed review. Really enjoyed this. Very informative.
Still a scam
@@เรียนภาษาอังกฤษวันนี้ I’ve actually pulled $20k out of Apex over the past 8 months with $10k in fees paid. So that’s $10k which is 1099’d. Even after taxes it has been worth it for me. Explain to me exactly how this is a scam?
How is it compared to top step?
Thx for the review. Apex is a no go. Such stupid rules just to cause Traders loose their account. Nah...
Right on. Do you have a firm you like?
I needed this reminder. 7:25 Thank you
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hi korbs. i appreciate your review, especially about the entitlement attitude some people have in life. have you had experience with payouts with apex? meaning have you withdrawn from profits made from the account, and if so, how did it go? that would make this review more complete. thank you.
I will do another video 🍻🍻
@@korbstrading but you have to pay every month to Apex. Although costs are low but their platforms all suck
Go off!!!! Great information. I’m loving Apex so far.
Great man, appreciate your narrative around issue of entitlement
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There is always an issue with Rithmic. How the hell they run a business like this.
Most humans are ingrates in general from my experience. We make our own lives miserable by being little shits who complain about little things instead of being happy about what we have.
Sorry about that guys I just think a little more gratitude would make all our lives richer in more ways than one.
Thanks for the video kerb.
what can you trade with this kind of confused ... FOREX, CRIPTO, OPTIONS, or STOCKS... ? Thank You for the great detail video...
Yea is it for forex too?
I wanted to start with apex but this trailing unrealized gains stop loss sounds ridiculous!
Does your account type also have the trailing drawdown limit?
For the evaluation yes, not for the PA account 🍻🍻
@@korbstrading What's your strat to beat the trailing?
@@patmontes2 trade 10x as small for 10x as long as you think you should till you’ve amassed a buffer in the funded account and it’s well in the rear view mirror. Small price to pay for the rest of your life having an account large enough to blow out anytime you’re cocky and overconfident afterward. Treat it like your kids life. Speed kills, size = speed
8:09 You are correct about that. We get everything delivered
Give nice knowledge 😊
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Happen to me several times in the past month. Had to login to Apex website
The coupon you provide is for 50% discount, right? Is that 50% off any subscription chosen?
Hi James! Yes, you're absolutely right. The coupon code will give you a 50% discount on all plans offered by Apex, regardless of which subscription you choose. 🙂
@korbs how do the contract limits work do you trade 10 mini contracts plus 100 micros a month or is it either 10 minis or 100 micros?
10 mini Or 100 micro would be the max open at any one time.... but in a 50k account for example you really should only be trading 1 to 3 mini contracts and never the max (10)
@@J123G thank you
It’s also never real money. It’s all sim. It’s a ponzi. New trader fees fund the withdrawals. If you start making too much your account will be closed trust me.
For those that trade with firms like this. I’m having trouble figuring out what tax documents you get at the end of the year? I’m in the US.
Do they issue a 1099?
I would assume so but wouldn’t know for sure.
Yes, you get a 1099
Is there a minimum profit target that is required to be hit every month on the funded account? Say on the 25k account. Do I need to make 1500 per month minimum? Or is that just for the evaluation portion?
Depends on the account you paid for in the eval, and only for 3 months. You can wdraw 2x a month, but for the first 3 months, they will limit it PER wdraw.
e.g. 100k static min wdrawal for the first 3 months is 1000usd per withdrawal.
After 3 months, there will not be any limits in payout
Trailing DD is fine, but on unrealized?? That's shady man.
Great video man. And even better analogy with the uber eats comparison
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Awesome video, thanks for the information!
Thanks Daniel 🍻
Nice except the Tradovate trade copier is horrible. Need to switch to Ninja.
Great video- everything was very well explained in great detail-cheers
Trailing drawdown is in my opinion the worst boundry for trader. I prefer EOD DD instead, more trader friendly…
If you just got funded for 300k on Apex, what's your max drawdown at the beginning? Is it still 7500?
Oh, the fees for delivery are ridiculously low everywhere in this World, because it's a work like a slavery!!! I've been doing it in Denmark, I did it in Romania a bit , so trust me I know how it is to deliver food.
So this is not a review; it is an ad with a discount and all?
Hey Kim! You can find reviews from our clients who have taken this program here: go.tradacc.com/funding-accelerator :-)
Korbs, have you gotten paid out by them yet?
Out of all the props Apex might be the best at the moment
Is there a fee to pay for the evaluation?
Yes .
Got to website
Has anyone had issues with the consistent trading strategy? Does Apex ask for your trading plan each time you make a withdrawal?
I am starting my funding journey and I actually like it.
Blew 2 funded account and am on my 3rd funded 😅
My question is: If there is a trailing drawdown why would the 300,000 funding be different to a 7,500 funding. I mean why would they give you 300,000 funding if only they will cancel your account at 292,500. Do you know why is that? I read the conditions of the PA account after you pass the evaluation and is the same thing.
IMO the funding capital product scheme is a trap laid for the neophytes.
What you're basically paying for is the amount of allowance you get when you lose trades.
Also, you lose when you do not realize max profit while you have an open contract.
FWIW, as a matter of principle I would rather stick to 100k static
The number one issue is a constant trading method. Hard to find a trading room that clearly shows trades with good trading.
Come join us at tradacc. Although you should never rely on another person to tell you were to enter and exit. 🍻🍻
Or you can just learn to trade and not be reliant on someone else. Better off in the long run.