Apex Trader Funding Alert: What You MUST Know About Their New Rules!

Summary

The video script discusses concerns with Apex Trader Funding, detailing their rule changes mid-payout cycle and the potential for delayed or denied payouts. It outlines key contract terms, including prohibited strategies and risk management requirements, and offers advice on avoiding flagging by Apex's system. The speaker recommends alternative funding companies like Bullenox and TakeProfitTrader for traders seeking more reliable options and shares his experience with a trading mentor bot to improve trading strategies.

Takeaways

• 🚨 Apex Trader Funding has changed their rules mid-payout cycle, leading to delayed or denied payouts.
• 📄 The contract with Apex Trader Funding is significantly longer and more complex than those of other companies.
• 🤖 The script warns that Apex's system is flagging traders, causing their payouts to be denied, and provides strategies to avoid getting flagged.
• 📉 Risk management is crucial, with specific rules against erratic trading, inconsistent strategies, and high risk-to-reward ratios.
• ⛔ Certain trading strategies like flipping, dollar-cost averaging, and excessive scaling are prohibited by Apex Trader Funding.
• 🚫 Non-disclosure and non-disparagement clauses are strictly enforced, with severe penalties for breaches.
• ⚠️ Many traders report issues with payouts, including being required to provide video evidence of their trading sessions.
• 💰 Despite these issues, some traders have successfully withdrawn large sums, indicating mixed experiences.
• 📊 The speaker advises adhering strictly to systematic trading to avoid being flagged by Apex's automated systems.
• 💡 The script suggests considering alternative funding companies like Bullenox and TakeProfitTrader, which have fewer restrictions.

Q & A

What action did Apex Trader Funding take that caused concern among traders?

Apex Trader Funding changed their rules mid-payout cycle, which raised concerns among traders about the unpredictability and fairness of the company's practices.

Is Apex Trader Funding considered a good or bad company for traders seeking funding?

The script suggests that Apex Trader Funding may not be the best choice due to their rule changes and the potential for payout denials, which indicates that they might be considered a bad funding company by some traders.

What are the potential consequences of being flagged by Apex Trader Funding System?

If a trader gets flagged by Apex Trader Funding System, their payout may be delayed by at least 10 days or more, and there is a possibility that they might not receive the payout at all.

What is the main purpose of the video mentioned in the script?

The main purpose of the video is to educate traders on what triggers Apex Trader Funding System to deny payouts and to provide strategies to avoid getting flagged by the system.

How long is the contract provided by Apex Trader Funding according to the script?

The contract provided by Apex Trader Funding is described as being significantly longer than those of other companies, with the speaker scrolling through it for an extended period to emphasize its length.

What is the speaker's opinion on the use of AI for traders?

The speaker views AI as a valuable tool for traders, mentioning a trading mentor bot that helps analyze trades and improve trading strategies.

What are some of the key rules and guidelines for trading with Apex Trader Funding as mentioned in the script?

The key rules include consistency requirements, prohibited strategies such as flipping and dollar cost averaging, the necessity of using stop losses, maintaining risk to reward ratios within a certain range, and adhering to contract size consistency.

What is the speaker's view on the non-disclosure and non-disparagement clauses in the Apex Trader Funding contract?

The speaker seems to be cautious about these clauses, indicating that discussing the contract details can lead to termination and that negative statements about Apex can result in immediate termination and forfeiture of funds.

What advice does the speaker give regarding the use of stop losses in trading with Apex Trader Funding?

The speaker advises that the use of stop losses is required and that exceeding risk to reward ratios beyond three to four times is not acceptable to Apex Trader Funding.

What are the speaker's recommendations for traders looking for alternative funding companies?

The speaker recommends Bullenox for new traders and TakeProfitTrader for established traders, suggesting that these companies offer more favorable terms and less stringent rules compared to Apex Trader Funding.

How does the speaker describe their approach to trading and teaching in their Discord community?

The speaker emphasizes live trading and teaching within their Discord community, stating that they provide real-time trading experience and learning opportunities, which is more beneficial than theoretical teaching.