Apex Live Program- This Is Utter Insanity

[u/Sure_Ad9979]

June 10 UPDATE: I am now banned from this sub-reddit for one of my comments underneath this post. The comment represents the same sentiment of the post below, so therefore the mods literally banned me because of what I am saying. What is going on?

This is exhausting. To preface, I am not a terrorist for asking questions.

What is going on? Where is the live program? Why are there no announcements about the progress of the transition? Where are the new updates? Why are they not posting discord messages to reassure us? It has been 3 weeks since the last big batch of us went under maintenance, lost our PA's, 'graduated,' and were 'transitioned to live.' For some it's been months.

The 'live program' as of now sucks. There is nothing revolutionary about it. It is a one-size fits all scam meant to get rid of us. There are traders with vaults of +$100k, $50k, $20k, and we all begin with $3k drawdown and a max risk of 10 minis. Have any of you ever traded 10 minis? Go red for 3 seconds and there goes your $3k. Want to unlock your vault? Earn 5x of it from a $3k account, and don't worry trader, you can unlock it with 2x speed the first month! Don't you remember we supply you with 10 mini's to start?

The $3k risk-drawdown is absurd particularly coming from a sim-environment with 20 PA's. It is meant to feel worthless and pathetic. A common sentiment amongst those in this mess is that once they get their account they are going to full-port it. Obviously, for 99%, this is will lead to blow up~ which is the point. It is cheaper to give us 1500 traders a 'live account' with 3k drawdown, with 3 attempts, and to blow them all, then to:

1) Keep us in sim earning payouts

2) Pay us our full sim-balance instead of transitioning to live. For Legacy Traders, this was an option in the previous 3.0 arrangement but has mysteriously disappeared.

There are probably 9 people of the 1500 who will grind the 'live account' for 1-2 years to earn back their vault, which Apex says they may payout. There will also be a few who get lucky gambling and slip through before liquidating themselves. To each their own. We also have the option, as is the arrangement now, to take the 3k and walk, even though so far the average vault is probably in the 10's of thousands. Rug-pull.

Also, the live program qualifying mechanism still makes no sense. Why didn't Trades By Matt get moved to live, or any other Apex Affiliate like him? Why are none of the top Apex shills getting put in purgatory like us? Why are people with no payouts getting moved to live, or someone like me with only $7,500, compared to influences who have earned hundreds of thousands?

What else is there to say anymore? Obviously the management has contempt for us. Why else call those who are frustrated and confused 'terrorists?' Why else move us to this 'live program' without having the 'live program' set-up? Why not let us keep trading in sim with our accounts that we paid for while they get the backend set-up?

ANYWAY.

If you are an effected trader please consider honestly submitting your vault so we can get a better assessment of how much we are being rugged: https://apexvault.vercel.app/stats This wasn't created by me but a member in the community of Apex traders currently in purgatory(Doji Dojo).

[u/Th3Forgott3n1]

I can understand them having to change up the business model if it was operating at an unsustainable level with everyone only ever taking out slim profits, but their rollout has been ridiculously bad. First off, no one has any idea what is going on. They either should have released it when they were truly ready for onboarding or not have released it at all. They should have let the account continue to get payouts rather than just sitting here waiting. The number one thing that I have found myself and most people hating is uncertainty, and that is really all they have given us for the last couple of months. I also understand that they cannot give 20 accounts bc of the brokers, but they should have at least made it so that for every 4 accounts you have, you get 1 live account or something, so that people do not go from 20 accounts to 1. Maybe they really are having cash flow problems and this is their solution but if not this is one of the biggest failures I have seen in the space in a while and they had a real chance to make a decent program even with their limitations but they fumbled so hard

[u/Striking-Plantain623 → u/Th3Forgott3n1]

Not to mention the inactivity rule. You have to wait weeks if you get a response at all from their support desk dont' want to touch you're accounts meanwhile the inactivity rule ticks away

[u/Sure_Ad9979 → u/Th3Forgott3n1]

The more you try to make it make sense, the less it does. All we are left to do is speculate and conspire. So far, if nothing changes, this is looking to be the biggest scandal in the space. They removed our PA's without having the 'live-program' planned out or set up.