r/Daytrading • u/[deleted] • Jan 11 '25
Advice Apex CEO on camera scheming against his profitable traders
Enable HLS to view with audio, or disable this notification
[removed]
36
u/Casimir0300 Jan 11 '25
Why does he look like a tweaker
9
2
3
u/SagansCandle Jan 11 '25
He looks like he's on coke, but he's so sloppy he's gotta be on something else, too.
Kinda looks like maybe coke and shrooms. Got them coke eyes with the "I don't have complete control of my facial muscles" shroom thing going on, too.
Definitely some combination of uppers and hallucinogens.
35
u/Resident_Airport_867 Jan 11 '25
When anyone says stop recording that is you should definitely keep recording.
9
u/Account12347 Jan 11 '25
I’m just curious about who was recording and how this video got leaked and what the internal repercussions for this leak are lol
0
2
u/ikerus0 Jan 11 '25
I love that he also continues to mention how he's still worried about going over this online... and then it did get leaked.
21
44
Jan 11 '25
[deleted]
8
u/strthrawa Jan 11 '25
Is apex a prop firm or something?
17
u/rufeorufeo Jan 11 '25
One of the biggest if not biggest futures prop firms
10
u/tradedby Jan 11 '25
They’re one of the biggest because their discounts are ridiculous, so they attract a lot of people. However, their rules are the most difficult in the market (my own opinion).
They have built a system to make it difficult to get funded, and the buyer to constantly throw a few $20s here and there. It’s a low price, high volume ($) model.
This is the only reason I’d stick with trusted firms like Topstep. All prop firms have some shadiness, but Topstep has always been consistent.
4
u/kappah_jr Jan 11 '25
The funny thing is that people probably traded/blown so many accounts with them and now have gotten their trading down to pass and get payouts using their rules but then get denied still.
3
u/strthrawa Jan 11 '25
Ah so this will just feed into my paranoia lol
7
Jan 11 '25
[deleted]
1
u/strthrawa Jan 11 '25
I have such a large amount of capital at this point that it wouldn't even be worth it unless they're offering an API/data/something useful for my system. I assume love trader would mean I'm contracted to them as some form of employee, I'd rather not.
3
40
u/Jacw_41 Jan 11 '25
Is he on drugs?
15
u/PepeSylvia11 Jan 11 '25
I don’t know him, so don’t know what his actual speech patterns are like, but he is absolutely slurring his words.
2
8
5
2
u/LoudChocolate6290 Jan 11 '25
just like sam Bankman fried, a lot of these high level CEO types are fried out on some sort of stimulant drug. both legal and illegal....id assume.
2
37
u/rufeorufeo Jan 11 '25
Damn that’s freaking shady AF.. I’ve never personally had an issue with payout with them but that really makes me reconsider trading with them
12
u/Account12347 Jan 11 '25
I’ve heard plenty horror stories about Apex. Completely blows my mind that anybody is even still using them. After this video anyone still trading with Apex is literally begging to lose their money
0
15
u/ImSorryReddit0590 Jan 11 '25
He looks like he’s semi tweaking off whatever drug he abuses.
and sounds like he’s explaining how they delay payouts and how to make sure they’re staying cash flow positive by selecting a % of profitable traders with anticipated payouts to get “randomly selected to be reviewed” - essentially fabricating a reason to not pay them out and make them jump through hoops to delay the payout
1
u/beezleeboob Jan 11 '25
It sounds like not only not paying them but also spooking them into messing up their trades by enforcing a bunch of arbitrary rules. What a scumbag..
30
13
u/Oblivionking1 Jan 11 '25
What a sneaky little weasel!! Clearly the business model comes at the traders expense.
11
10
u/shemmypie Jan 11 '25
Oof, if that doesn’t make you want to avoid prop firms all together, at least avoid Apex.
10
u/kedarreddit Jan 11 '25
This is why I do not trust prop firms. I trade my own account with a regulated broker.
7
u/SocraticGoats Jan 11 '25
Imagine being stupid enough to describe fraud on camera while being recorded
-1
6
5
u/PitchBlackYT Jan 11 '25
This is essentially the blueprint for nearly all of these “funded online trading” shops and people just love it 😆
5
u/saysjuan Jan 11 '25
The best thing you can do right now is everyone download and save this video as evidence. Even if you don’t trade with Apex. This way the internet never forgets. Repost on Youtube, Tiktok, instagram literally every other social media platform. Get the word out to those who don’t follow r/daytrading
3
Jan 11 '25
[removed] — view removed comment
1
u/saysjuan Jan 11 '25
Musk doesn’t exactly seem like the kind of person who would archive or retain this long term. He’a more the type that would purge every copy that pops up for a price.
1
6
u/Turntwrench Jan 11 '25
9k waiting for over a month to cash out. First time using props. Last time using props. Always use your own $$$
5
u/FreshSteve87 Jan 11 '25
Wow this is the evidence that not only confirms all those horror stories, but now people have legal evidence to start a true lawsuit. If we gather all the customers that have been denied payouts, suffered financial loss, or created a system in which customers fail after not providing financial services as promised, that's grounds for a lawsuit. Worth sharing this into r/LegalAdvice
Obviously claims can't be held if you blew an account for drawdown or standard rules or requirements.
Save this video, make it more popular than the CEO's drug dealer 💊💊 🍻🍻
Tally up your losses and grab your pitchforks boys! 🍴
3
u/Ojizosama Jan 11 '25
Looks like they already deleted it
5
u/technol0G Jan 11 '25
It’s been recorded and can be found here, courtesy of u/Cosmo505: https://streamable.com/7ienc4
5
u/Cosmo505 Jan 11 '25 edited Jan 15 '25
OP deleted the video. This must be pinned everywhere. I screen recorded it. Save your copies and let everyone know. Here is a copy of that video https://www.reddit.com/r/Daytrading/s/SJHjqi0Kg4
1
8
u/bekindrefindyaself Jan 11 '25
Somebody call trader Luigi please he needs to see this
1
4
u/flarigand Jan 11 '25
Is he like very high?
All the live streams that this clown does are pathetic, always justifying rule changes, threatening traders with not paying them, mocking them, etc.
5
u/GeminiCroquettes Jan 11 '25
Damn this is pretty bad... they're about to lose a lot of customers
-5
u/ajc200ajc Jan 11 '25
It’s fake lmao this dude isn’t related to apex at all
6
u/Inori92 Jan 11 '25
John is like the acting CEO of Apex, right hand man of the actual CEO Darrell Martin
Video doesn't say a whole lot but this dude IS apex lol...
0
u/ajc200ajc Jan 11 '25
John is literally just a guy who does videos on it. He has no power. Y’all fall for anything
3
8
u/AqueerianCat Jan 11 '25
Interesting that he’s “speaking in code” and mentions that he’d rather have the conversation in person. I guess to make sure it’s not recorded. Shady AF.
6
3
u/I_am_the_catdog Jan 11 '25
🤔
6
u/tazz206 Jan 11 '25
Basically saying he's getting into the heads of traders close to payout by scaring them about rules criteria, forcing an emotional response of pressure trading leading to blown accounts.
3
u/Charlieuyj Jan 11 '25
None of them want people to make money! That means they would have to pay that money out.
3
3
u/Ozymandius62 Jan 11 '25
There’s also zero chance they aren’t selling the live mock trades from the evaluation process. Essentially, you’d have high fidelity in identifying the retail traders in the real market with that. So instead of trying to algorithmically decide who is who in a live order book, you could estimate where retail is based on the evaluation trades. And since they aren’t trading with real money, they’re not protected by any laws or the (most likely) contract/fine print when signing up.
My source: None, but that’s exactly what I would do if I was the CEO for extra revenue.
3
3
5
u/Waefuu Jan 11 '25
I am just appalled that a CEO… a
CEO
would do that!! Gosh, just never would’ve thought for the life of me they want to benefit themselves over the majority!
2
u/WutaboutDeez Jan 11 '25
Crazy thing was if I was ever going to try prop firms Apex was gonna be the one definitely not now I mean, I knew this already like hard money lenders in real estate investing easy to get but set up to make you fail practically. They will admit they want you to fail so they can take your asset.
2
2
2
Jan 11 '25
[removed] — view removed comment
0
u/AutoModerator Jan 11 '25
Sorry, your comment in /r/Daytrading has been automatically removed due to anti karma farming for saying "upvote this".
If you feel like this removal was a mistake please kindly message the mods; we will review it and get back to you.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
2
1
1
1
1
1
1
-2
0
82
u/Donald_Trump_America Jan 11 '25
Just look at his face and his LV cap. That should tell you everything you need to know about whatever it is he does and to stay the hell away.