I used to be a hard core Apex fan at the start, when they were definitely the best prop firm out there compared to many others. Plus, their massive discounts of 90% has always been an attractive lure. Then, the allowance of having 20 accounts at once. You get very itchy and drooling to get all 20 accounts for a tiny amount of money upfront. Behold, once passed, you are now shelling out almost 3K to pay for PA accounts.
But eventually I let them go.
I got tired of their silly rules, their 30% limit and prolonged pay periods. On top of that, it seems like now, more and more, they always try their best to find something to disapprove you for payments.
I am hooked on firms that have fast payouts, from day one. Like they say, money ain't yours until it is in your bank accounts. Take Profit Trader allows only a max of 5 accounts in total. They also recently removed their daily loss limit. Only EOD trailing remains for test phase. Once in Pro phase, it turns into intraday trailing. But this is pretty much the same for all other firms anyway.
I like its fast payouts. I can request it anytime, any day. Money usually hits my bank account within mins. They are definitely on top of this. This allows me to pull in money daily like an extra ATM machine at moments I need it. A very nice feeling to have.
Not advertising or promoting anything here. Just some simple views regarding this subject.
But yes, it is nice to have 20 accounts. This in turn, allows you to just have a small profit per day and you are set. Instead of sitting there fir hours or even a whole day to make $500 on just 1 account, you are now able to make even just $100 in mins, with 20 accounts in total, you are pretty much golden for the day. The less time you expose yourself out there in the market, the better. As we all know, sooner or later, we are going to give it all back if we over trade.