Apiary Funds

I am trading at level one. I have had a few really good past months and so they moved me up.

Every month that there is a profit, like clock work on the 20th of the month the profits come out. Then by the the 30 there is a check in hand. Being a prop trader rocks!

Good luck to all!

Hi Bade. You start in a demo account with $10,000 & you just practice & learn like any demo account. Apiary monitor this account so they know how you are going but they don't care as long as you are practising & getting the hang of it at the beginning. If you lose more than $500 in a day they will stop you out of your account to teach you risk management. When they think you are ready they will start you with their money either $1,000 or $2,500 I believe depends on how good a trader you are. They will also talk to you before they give you one of these accounts, as you prove yourself & become a better trader your account size will be monitored & you will be given larger accounts to trade with. This is at least my understanding of how it all operates.
I have been trading in my demo account about 45 days - down about $900 & have done 87 trades. I am really enjoying the experience.

Thanks for information I will start with Apiary.
Hapyy trading.

Thanks for information I wil start with Apiary.
Happy traing.

I'm close to starting with Apiary. I'm an experienced trader and I'm not interested in the education aspect whatsoever or any proprietary methods/indicators/blah blah blah. I went through a divorce so my trading funds are pretty small and this looks like a possible opportunity to get access to more funds but at somewhat of a steep entry cost.

I've spoken with 2 people after attending the infomer... errr.. webinar. The first guy didn't last 15 minutes with me after I grilled him about how the thing sounds like a ponzi scheme. Lure in noobies for their "tuition" money and then use that to fund the few that are left standing with the tuition money of those that don't meet the "funded" trader requirements. His lack of understanding prop trading or the funded trader aspect of their program in general wasn't assuring. Every question was answered with emphasis on the education aspect of the program. He eventually handed me off to his supervisor who's been somewhat better.

I never got a clear answer as to whether the whole carrot/stick aspect is legit or not. He did send me a screenshot of their trading account monitoring program which I've seen before for MT4 fund managers. He claimed that the accounts were live and not just student demos. Their office is about about 30 min. drive away so I'll probably make a visit and try and verify that for myself.

$1200 or so more into my own trading account versus a chance to manage a higher amount is the decision. $1200 is too small to make any worthwhile difference in my existing account without over leveraging so the appeal of getting funded is what's got me interested. I'll post here if I end up signing up and what my experience is like.

(I've only got a few posts here at t2w so it may look like I'm a shill. I'm not. Look at my registered date. If you want to see more about me just go search JR97 at forexfactory or some ancient stuff at moneytec or elitetrader.)

Does no post mean you havnt signed up?

NO offense, your small cheque of $76 doesn't even cover their monthly "tech" fee or whatever it's called. How are you making money? So far you've told me you're in the hole. How is that convincing me to sign- up.

To boot I have more money in my trading account than they would allow me to trade to begin with (lower levels). So, seriously how many people are funded at higher levels? They don't say.

HarrisonMarianne: Have you made more money to cover all of your expenses now?

(have not read the rest of the thread yet so I"m getting there)

Ok so Harrison has updated that she's been upped a level. Still not enough information on their site, not enough people signed up and having true experience with Apiery.

Forexdude1
If you want to learn about trading Forex go to Apiary & they will help. If you want to criticize go somewhere else - Apiary do not need nor want negative people. And if you can't even spell Apiary go back to school. If you have money in your own account trade that - no one is stopping you. How much did your college education cost - if you have one, a bit more than Apiary is charging I can imagine & what pray tell did you learn there?
Why should anyone want to convince an obviously negative person anyway!
Having visited & met most of the staff recently at Apiary they did agree that their members are busy trading & learning rather than writing to people on Forums.
So why don't you visit them too - I travelled from Australia & the best day of my trip was the day I spent with the Apiary folks.