Exactly. The entire business model is fueled by evaluation fees — not real trading profits. And when a trader finally makes it through, some firms find reasons not to pay. That’s why more and more traders are filing with the FTC, CFTC, and BBB. It’s no longer a secret — this industry needs oversight. If prop firms want to be taken seriously, transparency and accountability must follow. Until then, traders will keep exposing the truth. #TimeForRegulation
As if there was not enough fraud in regulated in Equity industry and even regulated futures brokers the low entry point made OTC fx and CFD scam capital of the world Then the Binary Options and now so called " New breed of prop" 2 cent worth Crypto ICOs with no scrutiny etc etc there are enough gullible people so the show goes on
Do the APEX contract have binding arb with the BBB as one of the choices for an arbitrator? If it does not, then the BBB has no authority. The only thing they can do is revoke their accreditation and terminate the BBB membership.
Even the CEO of Apex should be taking a close look right now. Not out of disrespect — but because what’s happening is bigger than one trader. It’s about transparency, trust, and how you treat the very people who build your brand. When payout requests approved in writing get erased, When “we received nothing” becomes the excuse — Despite dozens of emails, timestamps, screenshots, full documentation… At some point, silence becomes accountability. And the silence is getting very, very loud.