Auto-generated transcript below — expect the occasional typo and a lot of trader slang.
Transcript
I feel like not every firm can sustain this these this particular model of accounts that are out that are basically very popular right now. — Which ones? — You know, everybody has the same accounts now. Like the flex type of accounts. — Oh, the you get — you know they got rid of the legacies for a reason. — Yeah, I know. I’m with you. I think that the new accounts weren’t crushing
it as much as my biggest problem with Apex right now is if I start ringing up big bills, am I going to go fun? Am I going to go live before I get the the big payout at the end? — Yeah. Well, that’s the thing. That’s — like they should come out and say, “Hey, you’re not, you know, you’re going to be able to get the big payout.” Or, “Hey guys, we’re
pushing you live.” The other thing I want to say is if you’re not going for the big payout. So just argument sake, right? Say you’re going to buy five accounts or Yeah. five accounts. So both the legacy and the new ones offer you a cap of $2,000 per payout, right? — Well, no, not the first payouts on the new ones. — The first payout is like 1,500. — Okay. But — first,
I think it might be the first two. — Okay. But that’s not a big difference. — I mean, it is. It’s 500 bucks. — Yeah. Yeah. Yeah. But what But watch what I’m going to talk. But Yeah. So, I guess that matters. But what I was going to say is like the activation fee was only $59 versus 125. Like, if you’re not going to go for big payouts, I would rather go
with the new accounts. You have no MAE rule. You have a bigger consistency percentage. So, if you’re not going to go for a big payout, I would just go with the new accounts. — Like, let’s say intraday. These are the new intraday days. So, on 50k, let’s see, — first payout is 1500, then it’s 2,000. Like, you can get up to 3,000 if you get to pay out six. Five and six.
— Yeah. So, and the and the the legacies are 2,000 for six — for the first six and then after that. — So, you so technically what? — Yeah. But but like argument sake, if you’re not going for this massive payout, you’re better off [clears throat] taking the the new accounts. — Yeah. I mean, I I don’t know. I also like for Yeah. If it’s That’s the thing. you don’t we don’t
know for sure like how far we’ll be able to take the legacy accounts. Um the other thing also though about the legacy accounts is on all of the size accounts except for the 100k you get significantly more draw down. You get 50% more draw down on a 25k. You get 25% more draw down on No, you get — you get 25% more — 25% more draw down on a on a 50k.
— You get another 20% more draw down on a you know what I mean on the — I’m with you. Hold on. Keep this going. — It really all depends. I — I like the idea of having more draw down, but again — about total call It really all depends. — Or the the other option is you just don’t trade with them, — right? Have people come and cry about Apex. People
come on my stream and cry about Apex all the time. — Yeah, I know. I’m like, bro, why are you crying? Just don’t use them. — Yeah, don’t use them. Or they’ll say some that they do. And I’m like, they’re saying that Apex does that every other firm does, too. — That’s like you’re driving by Starbucks and every time you drive by them, you’re like, oh man, the coffee tastes burnt. Like,
bro, you just drive by Starbucks. You don’t say it every time. — And then I go on a rant about it and they like, “Oh, look at you defending Apex. Oh, this is a sore subject.” No, it’s not. You’re saying how you’re crying at Apex pushes people alive quick. I just got pushed live on Lucid after one payout. That the first payout I got in four months, almost four months. — Payout
before that, but I only got like 33 grand. I guarantee you there’s other traders that got more payouts than me that are still trading sim. I would months between payouts and the first payout I get, I get pushed live, — but if that was it wasn’t Apex, so no one says anything. But if it was Apex, — you know, we got to cry about it to everywhere everywhere we can. — That’s
why it’s like it’s they all they all — they all do the same They all do the same thing. — It’s they’ll about Apac. People will about Apex all day, but yet they’ll support Bill Gates going to and use Windows and go being that he’s going to Epstein Island 37 times and that’s fine with them, but you know. — Yeah, I’m pretty sure about didn’t go to Epstein Island. — Yeah. So,
what the man? I guess you’re an Epstein Island uh supporter over there. — Yeah. — You know, they hate capitalism, but they’re They hate capitalism, but they’re using Apple computers and Apple iPhones, you know. It’s so dude people don’t realize that these firms — these firms are running a business. If I am profitable on them, they’re probably going to push you to live. — Yeah. — And they’re gonna push you to
live early. I got Fidas me so bad. Fidas me and then tra — I probably would have mil I mean right then and there I probably I had $10,500 of profits in the accounts. So, I was probably about eight grand. And then, uh, you know, but I would have still had the accounts to keep making more and more money. And then on top of that, Elite Trader Funding, me, too. They’re like,
“Oh, we’re pushing you live early because I have four accounts basically over the buffer about ready to milk the They were static accounts.” So, like, I had like huge draw down on 50ks. — Yeah. — I was about to smash them. instead of that like, “Yo, dude.” They they said they were going to give me a $1,000 live account. I’m like, “Bro, I have profits. I I have over 10 G’s of
profits in these four accounts. Why would you give me $1,000 draw down?” I was like, “Get the out of here. Just give me my money and I’m out.” — Yeah. — They didn’t pay me. I paid me 500 600 bucks and that was it. — So, like, — yeah, it’s nuts. Okay. But no one where’s the outrage? — No one. And then you got guys like Rocket Dildo who’s promoting them heavy.
I don’t think he’s ever been live with them because if he’s ever been live, he knows it sucks. — So I I don’t know why you’d be promoting it unless you’ve never been live with them. — Yeah. So back to this whole like legacy verse, — you know, Apex Legacy versus the new accounts. I just found I just found a loophole. Uh — oh. I love loopholes. What’s looole? — All right.
Well, first for starters, you could get a 250K and a 300K account with a with the you know the legacy accounts. Something you can’t do uh with the new accounts. They they stop at 150. But here’s the here’s the thing. This account right here, $49 a month. It’s 50 bucks for a 150k legacy account. Activation fee is 125. — Okay. — Day trailing, right? Mhm. — Let’s go to the 150K intraday
trailing standard with the activation fee. It’s 60 bucks if you buy one. It’s $49. It’s the same price. It’s 70 cents less per account if you buy five at a time. If you buy the new one, — the activation fee is 12. What the The activate The activation fee is 129. — Yeah. — Okay. The activation fee on the 150k legacy account is 125 and you get $1,000 more draw down. $1,000
more. — Oh, I the legacy account is where it’s at. You just got to watch out for that MAU rule on the 150 case. Easy. — Yeah. Just don’t lose more than 30% of your trailing draw down. — Yeah. — Whether it’s realized or not, how hard can it be? — And you know what happens when you violate that rule? Nothing. You just you got to trade longer. That’s all. You don’t
lose your account. — No, you just got to make more money. I I — Yeah, they’ll tell you what you need to do, but you don’t lose the account. — No, — I think this is huge for them and I feel like they did this out of necessity. But what do I know? I don’t I you know, that’s just — most people don’t make — 500 bucks. 500 bucks more draw down.
You know, this is — 500 bucks extra is massive by the way. Also, you could trade 10 minis on a 50k — versus six. — Yeah. So like if you’re trading — you 17 versus what? Uh — maybe 10 — 12. — Dude, when you’re trading nude I mean I would but — when you’re smashing news — I mean — what’s up Crystal? I remember — Yeah. — when activation fee for
legacy was on. Dude, I remember when a dime bag used to be a dime. Oh, Sean just wrote that. Dude, you know how much condoms were back then? — I don’t know. Never used them. [screaming] [laughter] — Remember that Willie Nelson, bro, and Halfbaked? — Yeah. — He said condoms were for sailors. — Yo. Um, — yeah. So, I mean, I don’t know. It It’s really just a matter of your preference.
— Yo, just anyway. — If you want Apex and you have to if you and here’s the here’s the difference. If you only like to trade end of day, but you like trading with Apex because you like the idea of the potential of getting paid on 20 accounts at a time, then go with the new accounts because they don’t offer end of day on the legacies, you know, but the new accounts
are, — you know, — I think that they thought they were going to do better on a business standpoint with the new accounts and now they’re not either not making as much money or less people are using them. You also have Yeah. You also have They’re not all the new accounts are non-recurring. It’s a onetime payment. So, they’re not getting those recur. They’re not getting the the — the rebuilds. — Rebills.
— Yeah. — How many people forget — and then pay the full amount? Yeah. I think I think they’re — I think in case anyone over at Apex is watching, this is not us talking about Apex. We’re just — No, sh [laughter] I I have a ton of Apex accounts, man. I just I like Apex. — Anyway, — yeah, man. I freaking love Apex. — Yeah. — You know, I wish I
could trade 20 accounts with them, but I can’t. — They’re one of the last firms that have the cheap accounts for like news plays and man. — I I I’m all about I got a bunch of accounts, — either them or Bullox or some random prop firm that — I don’t know if they’re going to be around in 30 days. You know what I Yeah. Yeah.
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