Apex approved $100K payout, then erased it

Discussion in 'Prop Firms' started by billT, Jun 25, 2025.

  1. zdreg

    zdreg

    I have really bad news. Even if you win lots of luck collecting.
     
    #41     Jun 26, 2025
  2. billT

    billT


    Hey, thanks for the kind words and for sharing your experience.


    I totally get where you’re coming from. Having control and peace of mind with your own account is priceless — especially after going through unfair situations like denied payouts or broken tools.


    For me, this Apex case wasn’t just a small hiccup… it was a confirmed $100K payout, approved, and then erased. That’s not growing pains — that’s serious.


    I respect your decision to move on from prop firms. I may follow that path too, but for now, I feel it’s important to expose what happened so others can make informed choices.


    Appreciate your support
     
    #42     Jun 26, 2025
  3. billT

    billT


    Exactly — you nailed it.


    A legit prop firm should be excited to move a consistent, profitable trader into a live environment. That’s the whole point, right?


    In my case, I followed every rule, got five approved payouts, and my sixth for $100K was officially approved on May 2. Then everything went silent… and eventually, the account was reset to $0 with no explanation.


    That’s not just a delay — that’s a refusal to honor a confirmed payout. If Apex truly believed in transitioning to live capital, I’d already be there.


    Thanks for recognizing how it should work
     
    #43     Jun 26, 2025
  4. billT

    billT


    Exactly. When payouts get revoked after approval, and profits disappear without clear justification — it stops being a prop firm and starts feeling like an arcade game… where the house always wins.


    Real prop firms reward performance. Not punish it.
     
    #44     Jun 26, 2025
    PeanutButter108 likes this.
  5. You must be a pretty good trader if you earn such amount of money with APEX, their intraday drawdown rules is fked up
     
    #45     Jun 27, 2025
    SimpleMeLike likes this.
  6. billT

    billT

    Thanks bro, appreciate it.


    Yeah, the intraday trailing drawdown was definitely a challenge — I had to adapt my size, entries, and risk really tightly. But once I found the rhythm, I was able to pass multiple PAs and get consistent payouts.


    Until… they approved a $100K+ payout and then erased everything.


    So even when you play by the rules, it doesn’t always end fairly. That’s why I’m speaking out now.
     
    #46     Jun 27, 2025
  7. Baron

    Baron Administrator

    daily drawdown
     
    #47     Jun 27, 2025
  8. demoncore

    demoncore


    Attorney files a lien on any/all real property in his county. I've done it. Def paid three weeks later.
     
    #48     Jun 27, 2025
    beginner66 and SimpleMeLike like this.
  9. billT

    billT

    That’s a powerful move. I hadn’t considered filing a lien on their property. I assume that would only work if the firm or individual owns real estate in a public registry under their name?


    Did you do this through small claims or with a lawyer directly? I’d appreciate any insight — I’m seriously considering all legal paths at this point.


    Thanks for sharing that.
     
    #49     Jun 27, 2025
  10. billT

    billT

    That’s a powerful move. I hadn’t considered filing a lien on their property. I assume that would only work if the firm or individual owns real estate in a public registry under their name?


    Did you do this through small claims or with a lawyer directly? I’d appreciate any insight — I’m seriously considering all legal paths at this point.


    Thanks for sharing that.
     
    #50     Jun 27, 2025