Problem Apiary Investment Fund - Too good to be true??

[BigT1]

Mandolin (& Nate),
Monitoring and quiet for the moment.
Mandolin, calm yourself; suspend disbelief and your cynical fears of repeated harm, like a beaten dog flinching at the sight of a rolled up newspaper.
Nate, you are not required and should not even attempt to make a case with regard to proprietary business stats unless you are willing to have them released by an impartial third party audited source that can document them.
Apiary students, just follow the course you bought; and make it work for you if you can.
Apiary's business model cannot survive funding mediocrity. They benefit as much from your success as you do, while you enjoy riskless opportunity to trade OPM.
If not successful, there will be plenty of time later for recriminations; if and when you can document sound reasons for failure.

AI

 

[Dimohrusafov]

or another viable alternative is zulutrade - tons of strategies and traders one can get to follow~

 

[Shaka]

I have been through the Apiary Fund trader program and got pre-funded with a $2500 account, but i struggled to make make any money and finaly gave up.

 

[fxcalif]

I have been through the Apiary Fund trader program and got pre-funded with a $2500 account, but i struggled to make make any money and finaly gave up.

Also, they constantly delay your funding as long as possible until you complain all the while they collect the $99/month. Why charge monthly when you're suppose to help them make money? They don't want everybody to take the same trades because they want diversity. So you better have a method that is consistent. They start you on a $1000 account and limit the loss to 2%. Once you lose $20 they inactive you account for the day. On a $2500 account you need to make 6.6% per month just to cover the $99 monthly. So expect to work free for quite a few months. Better to keep your money and earn money from that.

 

[JoeK]

BigT1,

Have you had a chance to do any further testing of Apiary's training and demo/live accounts?

Thanks,

JoeK

 

[Nathan Allred]

Joe,

Here is our public forum where all of the people who are in our program, and have paid, write about their experiences with us.
https://apiaryfund.com/forum

BigT1,

Have you had a chance to do any further testing of Apiary's training and demo/live accounts?

Thanks,

JoeK

 

[binarydaily]

Also, they constantly delay your funding as long as possible until you complain all the while they collect the $99/month. Why charge monthly when you're suppose to help them make money? They don't want everybody to take the same trades because they want diversity. So you better have a method that is consistent. They start you on a $1000 account and limit the loss to 2%. Once you lose $20 they inactive you account for the day. On a $2500 account you need to make 6.6% per month just to cover the $99 monthly. So expect to work free for quite a few months. Better to keep your money and earn money from that.

It sound like the worse deal one can make. You can just donate the money to them it will save you some time

 

[truementor]

Forex trading is not a game. I lost a lot of money more than $10,000 before I stumble on Apiary. My issue was revenge trading and it is a very devastating weakness. Trading with Apiary helped me to deal with that. The fact that you cannot loose more than 2% on any one trade or 5% maximum per day. When I did lose 5% per day, the system will short me down for a full 24 hours. That way I could not revenge trade, because I did not have access to the account anymore. After a number of 24 hours short outs, my subconscious mind began to learn some lessons. It was pretty easy for me to get short down twice in a week. This happened during the demo trading and during my live trading after I got funded. Now I trade keeping my losses really small and and winners are starting to accumulate. It is amazing what happens when you are able to overcome your own issue in trading. Revenge trading is dangerous. Apiary helped me overcome this weakness. Now I see my equity curve and I am happy. It is not going up too fast and then crashing like before. But it is moving up slowly and steady. The truth for me now is I can go away from Apiary, but the skills that I have acquired will remain with me for as long as I remain a trader. The tuition for me is worth every penny.

 

[Pharaoh]

Wouldn't it have been cheaper to pay someone to program an app that would lock you out if you blow too much money in a day?

 

[livingdaylight]

Just attended an introductory webinar.
Only afterwards did i google for some reviews and stumbled upon this thread in the process. How many will do their due diligence and how many will just sign up? I wonder.

So, they used to charge a fee on top of the monthly $97 but now "only" charge the $97 /month "institutional level" data feed, so important and crucial, we were told, to mimicking real trading conditions. They also offered a 14-day free trial but it involved having to give one's credit card details, so that we have to remember to cancel otherwise the monthly fee kicks in.

This is supposed to be a win-win arrangement, and the presentation is slick although very sales-ee and the longer it went on the more I was waiting for the catch. What I became aware of is that they decide if and when one can trade the live until then one keeps paying $95/month hoping and that does not feel like a symmetrical relationship dynamic but is clearly skewed in their favor.
In the end $97/month was sold as an 'investment' in ourselves and comparisons made with other schools charging thousands of dollars. But, real education is already freely available.
When I pointed this out and posted Acegazete as an example of this I got booted off.

I disagree that one needs this institutional-level data feed just to learn. Many traders do well with a regular MT4 (lets not blame the tools). So, that right there feels disingenuous.

I like the Apiary concept, and words like 'synergy' chime well with me but i just think it could be done in a way that doesn't take money from people while the entire concept is supposed to help the very people get an income that have debt and all the problems of today that they mention at the beginning of their sales pitch and claim to want to help.