Agree completely.
@ApexTradeFund should do what tickticktrader did in the past if their care not to pay traders huge payouts.
When you request a payout, they pay 50% to trader, 30% to vault and 20% prop split.
Apex shouldn’t move trader to live unless Vault gets to 100k and trader can take multiple payouts. If funded accounts are blown, vault will still have the money and we can start new funded accounts to build vault further.
Once vault gets to 100k: move the trader to live and have 20-25k DLL with margin based account with daily payouts if the accounts are above initial balance.
@skelton_apex
This limits the trader to milk the prop since it will be capped for 100k vault money which is accumulated from each payout.
My thoughts on Apex's Live Program:
Like 99% of you, I too am not a fan of what I have seen so far, I trust that it will be reworked after hearing a lot of feedback from affiliates and from traders.
Here is what I think it should look like:
Drawdown should be figured based on how many accounts and what size:
25k = $500 DD per account
50k = $1000 DD per account
100k = $1200 DD per account
150k = $1500 DD per account
So if you have 20 50k accounts transitioning to live you get 20k DD.
The other elephant in the room that needs to be addressed is moving people Live after 1,2 or 3 payouts, it was promoted that you can get 6 payouts before you get moved Live. Traders need to trust that they can get to 6 payouts before getting moved to live.
The issue is, how do you handle traders that get 1-2 payouts, blow up and then rinse/repeat?
I propose a rolling 12 month payout cap, maybe 500-600k and once you hit this amount in any rolling 12 month period you will get transitioned to live if you reach the buffer.
What happens with your remaining balance? Im conflicted on this, I would be ok with a vault if the previous things mentioned happen.. 🤷
Apex is the first Prop firm I ever tried and they are my first love, and all I want is for Apex to be great again, so I hope they take this as constructive feedback.
Make Apex Great Again
Let me know your thoughts below...