Key insights

• Positive Outlook and Program Aspects

  • ✨ Positive aspects of the Apex program, Addressing social media lies and misinformation, Emphasizing clear and defined rules, Acknowledging the personal toll of running the business, Program has paid out more than any other firm, Aim for simplicity, Encouraging gratitude for offering choices to traders.

• Improvement and Future Plans

  • 📊 Apex puts traders on probation if they fail to adhere to trading rules or engage in risky behavior, preventing payout requests until they demonstrate compliance. Efforts are being made to implement new risk management tools and systems to monitor trader behavior and reduce payout denials. The company aims to improve customer service, compliance, and maintain leadership in the industry. Plans for Apex 3.0 involve new systems, departments, and a focus on staying ahead in the industry by anticipating and addressing issues. Emphasis is placed on the company's commitment to instilling discipline and adherence to trading rules among traders for successful payout approvals.

• Key Principles in Trading

  • ⚙️ The importance of patience and disciplined risk management in day trading, The purpose of the Apex evaluation and funded accounts is to enforce good trading practices and help traders succeed, Probation status is used to address rule violations and encourage adherence to proper trading practices, such as Dollar Cost Averaging (DCA).

• Rapid Growth and Challenges

  • 📈 Apex Trader funding experienced rapid and unexpected growth, doubling in size within a short period. The company struggled to cope with the increased workload and operational demands, especially in terms of staffing and payout requests. The COO acknowledges the impact of fraudulent activities, discussing how it affected the business and led to challenges in managing social media, attracting new influencers, and handling payout requests.
  • 💼 Size Doesn't Matter: Quality over quantity of the audience, Challenges of unexpected business growth and staffing needs, Impact of influencers on company's growth and payout, Unforeseen influx of scammers and exploitation of system rules, Necessity for strict policy enforcement against scammers and fraudulent activities.
  • 🔍 Challenges of evaluating and backing traders, Purpose of requesting videos from traders, Issues with scams and schemes, Company's responsibility and handling of the situation, Impact on various departments as the business grew and faced challenges, Delayed payouts and the company's efforts to address the issues.
  • 🔒 Challenges faced by Apex including dealing with scams, delays in payouts, and communication issues, Impact of social media and competitors spreading rumors, Evolution of the prop trading model and its impact on the industry, Balance between providing access to capital and ensuring a true test of trading skill.
  • ⚖️ Balancing accessibility and affordability of trading accounts with ensuring discipline and talent spotting, Impact of regulations and the need for clearer evaluation processes, Emphasis on skill development and risk management in trading, An analogy of a carnival game used to highlight the significance of skill development in trading.

Q&A

• What positive aspects were highlighted about the Apex program?

  The positive aspects highlighted about the Apex program include its record of payouts, focus on clear rules, addressing social media misinformation, simplicity, and gratitude for offering choices to traders.

• How does Apex Trader Funding manage probation for traders?

  Apex Trader Funding puts traders on probation for rule violations or risky behavior, implements new risk management tools, and aims to improve customer service, compliance, and payout approval rates, with plans to stay ahead in the industry with new monitoring systems and a commitment to trader discipline.

• What principles does the Apex evaluation and funded accounts enforce?

  The Apex evaluation and funded accounts aim to enforce principles such as patience, disciplined risk management, and avoiding over-leveraging to help traders succeed, while addressing rule violations and encouraging adherence to proper trading practices.

• How does Apex Trader Funding balance accessibility and talent spotting in the trading industry?

  Apex Trader Funding aims to balance accessibility and affordability of trading accounts while ensuring discipline, talent spotting, and skill development, emphasizing the importance of risk management and clearer evaluation processes.

• What were the impacts of social media and competitors on Apex Trader Funding?

  The impacts of social media and competitors on Apex Trader Funding include rumors, delays in payouts, and changes in the prop trading model, leading to operational and industry-related challenges.

• What are the challenges discussed in evaluating and backing traders?

  The challenges discussed include evaluating and backing traders, requesting videos from traders, dealing with scams and schemes, and the company's responsibility in handling the situation.

• How did fraudulent activities impact Apex Trader Funding?

  Fraudulent activities affected Apex Trader Funding's business operations, management of social media, attraction of new influencers, and handling of payout requests, resulting in significant challenges.

• What were the challenges faced by Apex Trader Funding due to rapid growth?

  Apex Trader Funding experienced rapid and unexpected growth, leading to operational challenges such as staffing issues, increased workload, and difficulties in managing payout requests.

• 00:00 The COO of Apex Trader funding discusses the rapid growth of their company, challenges they faced, and the impact of fraudulent activities. The company unexpectedly doubled in size, leading to operational challenges with staffing, systems, and fraudulent behavior.
• 12:41 The speaker discusses the challenges faced due to unexpected business growth, influx of scammers, and policy enforcement. They explore the impact of influencers, the misuse of rules, and the need for strict enforcement.
• 26:29 The speaker discusses the challenges of evaluating and backing traders, the purpose of requesting videos from traders, issues with scams and schemes, and the company's responsibility in handling the situation. They also explain the impact on various departments as the business grew and faced challenges, such as delayed payouts. The speaker takes responsibility for the company's shortcomings and outlines plans for addressing the issues.
• 40:06 The transcript discusses challenges faced by Apex and its efforts to address them, including dealing with scams, delays in payouts, and communication issues. Additionally, it addresses the impact of social media, competitors spreading rumors, and the evolution of the prop trading model. The conversation also delves into the balance between providing access to capital and ensuring a true test of trading skill.
• 54:44 The video discusses the challenges of balancing accessibility and affordability of trading accounts with ensuring discipline and talent spotting in the trading industry. It also touches on the impact of regulations and the need for clearer evaluation processes. The speaker emphasizes the importance of skill development and risk management in trading. The analogy of a carnival game is used to highlight the significance of skill development in trading.
• 01:08:39 The key to success in day trading is patience, disciplined risk management, and avoiding over-leveraging. The Apex evaluation and funded accounts aim to help traders succeed by enforcing these principles. Probation status is used to address rule violations, such as Dollar Cost Averaging (DCA), and encourage adherence to proper trading practices.
• 01:23:03 The transcript discusses the probationary process for traders at Apex and the implementation of new risk management tools to ensure compliance with trading rules. The focus is on improving customer service, compliance, and reducing payout denials. The company aims to stay ahead in the industry and is working on new systems for monitoring and improving trader behavior.
• 01:35:56 The speaker discusses the positive aspects of the Apex program, addresses social media lies and misinformation, emphasizes clear and defined rules, and acknowledges the personal toll of running the business. The program has paid out more than any other firm, aims for simplicity, and encourages gratitude for offering choices to traders.