@TraderSumo1 this makes no sense, even if you wanted to copy trade from a small account, why not put most of this in one account and use a multiplier on the copier?
Obviously the implication here is that we’re doing something wrong or withholding money from traders so let me just correct the record. Profit distributions are automatic and quarterly. They are not requested by the trader, they just go out. If there is one dollar of profit in the account, it gets distributed. Traders do also have the ability to request payouts on demand as well but the quarterly payouts never stop.
This is policy, not discretionary. To say ‘nobody’s been paid’ is just not true. There are senior traders on the desk who have been paid multiple times through quarterly distributions. Now if you’re referring specifically to assessment traders, our assessment program has only been open for about a year and the first nine months were limited to very small cohorts.
The only traders who have not received a distribution are those currently in a drawdown, meaning there are no profits to distribute. You cannot pay out profits that don’t exist. That’s not us withholding anything, that’s just how math works.
@merrittblack presumably the MLL grows with performance when live regardless of starting bal? or must a trader grow the actual account to grow DLL/MLL in which case they’re essentially trading their own capital?
Many need to hear about Apteros.
You start in sim in our Trader Evaluation Program. First pass a milestone PL, then from there your PL builds, 100%, dollar for dollar into LIVE desk starting bal. which is also your FULL static max drawdown up to $3MM. There are no "gotchas".
I moved to Dubai for taxes purposes
Now Tradeify,MFF & TPT are banned here
I will need to pay taxes from Canada for the firms that are banned here (50%)
Alpha future, Topstep, fundednext & lucid I can still trade them. I need to put them under my LLC here in Dubai
What you guys will do in my position?
I need some advice. I am little bit confused on what to do now
The Apteros 2026 Trader Evaluation Program is now open for Early Access registration.
Get lifetime, locked in, Early Access pricing on current and all future accounts, both Intraday and Swing.
Early Access pricing ends Jan 7th.
apterostrading.com/evaluation
@IceYouShadow We don't want to work live with traders with a tiny 5k max drawdown. No. That is the entire thing we have designed this program around - to work with traders who have a REAL CHANCE at building a career, not a quick payout with a huge risk of ruin...
Our thinking is that we want Live Desk traders who at least have a $2k DLL to work with. So that means that we'd want them to also have a ~$50k MDD for the $2k DLL to be reasonable risk of ruin. This is the gist of the ENTIRE program. Get traders to a safe place in terms of risk- so that (unlike everything else out there) they can operate more freely without huge risk of ruin.
@merrittblack@timothyryback1 Is it going to be an ev/performance ratio based target instead of pnl based? Always thought that would be cool (and maybe optimal)
It's a tough thing to design an evaluation that both fosters all styles of trading (uninhibited by too many rules), while protecting the firm from being out capital (real firms, real capital, not sim dollars) due to allowing a YOLOer to pass through to its desk.
We think what we're introducing next is 1) never been done, 2) strikes a very trader favorable balance of this dynamic we must navigate.
@chmpntrdr@baynkr I get this and also that it would become a small cost centre without charging, but would make a big difference in terms of positioning. If tier 1/2 props opened up a similar tryout structure can you imagine them charging for it?