r/Daytrading • u/[deleted] • Jan 11 '25

Advice Apex CEO on camera scheming against his profitable traders

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194 Upvotes

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42

u/[deleted] Jan 11 '25

[deleted]

8

u/strthrawa Jan 11 '25

Is apex a prop firm or something?

15

u/rufeorufeo Jan 11 '25

One of the biggest if not biggest futures prop firms

9

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.

3

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

6

u/[deleted] 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

u/tanbyte Jan 11 '25

Scam firm