SCAM, TRAWLING USER DATA. My experience happened in April.
82% win rate, 1:2 risk to reward ATM. 700k in profit accross 20 accounts. Denied payout twice and got flagged for investigation after 3 minimum withdrawals. Two computers - one with all my indicators and strats, custom built. One with naked charts and nothing else but apex. They couldn't 'see' my strategy.
Received an email with big letters 'CONFIDENTIAL!!!!' Asking for all the settings, software, and all strategies and code I use.
I replied thats confidential IP. They said give it to us or get off the platform.
Here's a copy paraphrased -
CONFIDENTIAL!!!!
As part of our internal review, we require your entries, exits, stops, trailing strategies, indicators, software, any systems, automation, and any other information to enable us to 'assess' your trading including your full trading plan and copies of at least 1 week of trading data including all screenshots, videos, logs etc of how and when you enter a trade. Also you MUST include a trading journal and or log showing when you used your system and show yourself using it and how you did it.
What.... the... actual... F...... yes they really sent me the above.
When I refused they 'invited' me off their system.
So I provided them naked charts
And copies of their own software showing my consistent profits.
They said we'll pay you out but you have to sign this NDA.
I provided them an NDA saying I would disclose what Im doing but they have to guarantee my 20 year backtested payout for the next 7 years. Ie, if they trade it or sell the data I'm protected. NOPE. They refused. This is a MASSIVE RED FLAG.
THEY ARE DUPLICATING YOUR TRADES AND SELLING YOUR DATA TO FUNDS TO COUNTER SUCESSFUL STRATEGIES.
FYI their apex software installs a screen capture feature. DONT USE IT.
I asked for a list of the regulatory requirements they are being asked to comply with so I can meet them for them. Immediate NO. Again - alarm bells.
I have since swapped to two other companies and let the apex accounts idle until their either pay without need to hand over my IP indicators OR they collapse or get a class action against them.
From an exchange perspective, the exchange can't see retail stops and the current software isn't wiping them out as effectively as it used to. That's what this is about. They want to know how they need to tweak their code to destroy retail investors as legally youre not required to disclose anything other than you having capital to trade with. Giving the exchange a copy of your firms software, code, targets, stops, etc is not a legal requirement but apex are trying to get it from you to do other things with it. DO NOT HAND OVER TRADING PLANS.
FYI the trailing stop and 30% rule isn't about consistency, its a about reducing available balance for people to use squeezing them into a narrow band. Ie, a trailing threshold of $1500 with a trailing stop of 30% actually means that you dont have 25k to play with, you have $450. That's 20 points on NQ even less on ES. Its not even a single candle, forget the wicks lol. You cant do anything with that size account even if you have 4 contracts to trade. That means 5 points! The market moves 5 points in 1 second. They know this so they rely on people buying accounts and blowing them due to even the smallest amount of volatility. Its insane. To catch bigger moves you need to build a huge buffer which was what I did but now they won't payout.
This company is DOGEY
Edit: they are running a massive campaign on review sites to have the narrative say "We dont want gamblers - thats who we are kicking off!!!"
If that was true - the ONLY evidence required would be whats available in APEX's own dashboard on the left. Click on it. It has your daily win, loss, ratio and trading frequency. This is the ONLY data any trustworthy company should ask you for. Which they have. I have since heard back from the SEC after lodging a complaint and they have said as a private company they can put any requirements on access to their system as they want, including saying they get all access to your software, indicators, everything etc if you were stupid enough to give it to them then you are an idiot. That says it all. The SEC has said to me it is not a normal business practice.
The numbers of reviews now are from bot accounts saying its all about kicking off bots and gamblers. This is incorrect. The market is set up to allow anyone to invest into the markets regardless of them being a gambler or not and the market responds to over or under valued assets accordingly. It does not care about gamblers they DO not effect it. And they do not effect APEX bottom line because the trailing thresholds are in place to ensure apex never takes a loss.
Heed my warning. DO NOT GIVE APEX YOUR TRADE PLAN.
SCAM, TRAWLING USER DATA. My experience happened in April.
82% win rate, 1:2 risk to reward ATM. 700k in profit accross 20 accounts. Denied payout twice and got flagged for investigation after 3 minimum withdrawals. Two computers - one with all my indicators and strats, custom built. One with naked charts and nothing else but apex. They couldn't 'see' my strategy.
Received an email with big letters 'CONFIDENTIAL!!!!' Asking for all the settings, software, and all strategies and code I use.
I replied thats confidential IP. They said give it to us or get off the platform.
Here's a copy paraphrased -
CONFIDENTIAL!!!!
As part of our internal review, we require your entries, exits, stops, trailing strategies, indicators, software, any systems, automation, and any other information to enable us to 'assess' your trading including your full trading plan and copies of at least 1 week of trading data including all screenshots, videos, logs etc of how and when you enter a trade. Also you MUST include a trading journal and or log showing when you used your system and show yourself using it and how you did it.
What.... the... actual... F...... yes they really sent me the above.
When I refused they 'invited' me off their system.
So I provided them naked charts
And copies of their own software showing my consistent profits.
They said we'll pay you out but you have to sign this NDA.
I provided them an NDA saying I would disclose what Im doing but they have to guarantee my 20 year backtested payout for the next 7 years. Ie, if they trade it or sell the data I'm protected. NOPE. They refused. This is a MASSIVE RED FLAG.
THEY ARE DUPLICATING YOUR TRADES AND SELLING YOUR DATA TO FUNDS TO COUNTER SUCESSFUL STRATEGIES.
FYI their apex software installs a screen capture feature. DONT USE IT.
I asked for a list of the regulatory requirements they are being asked to comply with so I can meet them for them. Immediate NO. Again - alarm bells.
I have since swapped to two other companies and let the apex accounts idle until their either pay without need to hand over my IP indicators OR they collapse or get a class action against them.
From an exchange perspective, the exchange can't see retail stops and the current software isn't wiping them out as effectively as it used to. That's what this is about. They want to know how they need to tweak their code to destroy retail investors as legally youre not required to disclose anything other than you having capital to trade with. Giving the exchange a copy of your firms software, code, targets, stops, etc is not a legal requirement but apex are trying to get it from you to do other things with it. DO NOT HAND OVER TRADING PLANS.
FYI the trailing stop and 30% rule isn't about consistency, its a about reducing available balance for people to use squeezing them into a narrow band. Ie, a trailing threshold of $1500 with a trailing stop of 30% actually means that you dont have 25k to play with, you have $450. That's 20 points on NQ even less on ES. Its not even a single candle, forget the wicks lol. You cant do anything with that size account even if you have 4 contracts to trade. That means 5 points! The market moves 5 points in 1 second. They know this so they rely on people buying accounts and blowing them due to even the smallest amount of volatility. Its insane. To catch bigger moves you need to build a huge buffer which was what I did but now they won't payout.
This company is DOGEY
Edit: they are running a massive campaign on review sites to have the narrative say "We dont want gamblers - thats who we are kicking off!!!"
If that was true - the ONLY evidence required would be whats available in APEX's own dashboard on the left. Click on it. It has your daily win, loss, ratio and trading frequency. This is the ONLY data any trustworthy company should ask you for. Which they have. I have since heard back from the SEC after lodging a complaint and they have said as a private company they can put any requirements on access to their system as they want, including saying they get all access to your software, indicators, everything etc if you were stupid enough to give it to them then you are an idiot. That says it all. The SEC has said to me it is not a normal business practice.
The numbers of reviews now are from bot accounts saying its all about kicking off bots and gamblers. This is incorrect. The market is set up to allow anyone to invest into the markets regardless of them being a gambler or not and the market responds to over or under valued assets accordingly. It does not care about gamblers they DO not effect it. And they do not effect APEX bottom line because the trailing thresholds are in place to ensure apex never takes a loss.
Heed my warning. DO NOT GIVE APEX YOUR TRADE PLAN.
United States
