Hi,
Does anyone know for sure if the Apiary Fund is legit? I have gathered the money for the monthly payments but would like confirmation from here if this is really a good company or if they are a scam.
Thanks All! =)
I haven’t heard anything about the Apiary Fund. But I found several companies with the exact same business model that all turned out to be scams when I looked into it. Remember you’re paying for training with no assurance of anything being offered afterwards. In many cases they are likely just collecting the fees and there aren’t even any trading positions that exist at all.
Real proprietary trading firms will [I]pay you[/I] while they train you. The average seems to be around 60k USD salary for 1-3 years while they train you. These are actual, physical companies in financial sectors in cities around the world. Oftentimes if they have a training program, you need nothing except a 4 year college degree and a passion for the markets to apply. That’s your best bet if you’re serious about being a prop trader.
Thanks for your reply jadd806.
How would I go about finding out for sure about AF? I mean, where would I look online? Or–How would I go about finding a legit company like the ones you mentioned (while avoiding scams)? I do have a 4 year degree and masters credits (but I do live in the Philippines). I’d be very interested in getting paid to learn how to trade professionally. That seems like my only way out of this country at this point.
Could you point me in the right direction? Thanks!
Let me point out a couple of facts/opinions:
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The Apiary Fund is NOT a scam. I’ve been with the Fund since April 2014. They offer a 12 module course that teaches you the fundamentals of Forex and currency trading. They also teach you trading strategies which are well known (or some version of them) among many experienced traders. I pay $97 per month for full access to the course AND the MT4 platform which I use to demo trade. They have live trading rooms and live recordings you can sit in and listen to. Everything is archived in their library. If you want lifetime access to the library then you pay a one time fee of $297. THATS IT!!! If you want to learn more about the Apiary Fund, the have intro webinars that give you more information. The guys are honest and really want to help you succeed. But they are not just going to give you their money to trade without developing a track record while you demo trade.
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If you worry about every being a scam just because you don’t understand it or don’t know **** about it, then you will never get anywhere in life or trading. People scam themselves. How? They pay thou$ands of dollars for “one-on-one” mentoring or a limited-time course and then don’t take any action! In case you didn’t know, the market for lazy people is a multi-billion dollar industry.
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The only thing you probably should be paying for is monthly access to a trading platform so that you can practice the fundamentals of trading. If you already have a funded account with a broker, most of the time the platform should be free.
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Sorry, but the market doesn’t care how many degrees you have. Totally useless in this game. If you read about the guys who work at the CBOE, many of them barely graduated high school and are all dumb-asses. But they are among the best traders in the world because they have the right mindset.
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I am not funded yet with Apiary, but I expect to be by November. I’ve learned alot about the mistakes I made from April through June. July was a good month and August will be a better month. I’m going to demo trade through September before I set up my interview with the Risk Manager. At that point, I’ll have 3 months of a steadily rising equity curve. After this period, they don’t just hand you live funds. There is another demo period (2-3 weeks) where your demo account is reduced from $10,000 to $1,000. This is to make sure that you psychologically can trade smaller positions. If you are successful, then I believe they fund you with $1,000 to start off with. If you continue your success, then the funded amounts go up over time, potentially up to $250,000. From what I understand, most “funded” traders are at the $10,000 level. Again, attend the intro webinars and ask all the questions you need to ask. I also don’t believe that you are required to submit a margin deposit which most prop firms require you to do. Also, the payouts to the trader is anywhere from 65% to 85%. The higher your funding level, the higher the percentage payout.
Let me know if you have any questions about the Apiary Fund and I’ll do my best to answer them.
Done.
You pay them to train you (no guarantees). You then have to trade their way as opposed to your own groove and only then might they let you loose with a grand. All sounds like a game for the weak looking for shortcuts. Best investing the money in a micro account and find your own groove.
It sounds a bit strange to me
@bobbillbrowne I don’t think there are any guarantees in trading. The TRUTH is that you don’t have to trade “their way”. As long as you’re consistently profitable with a rising equity curve then you will get funded. Keep doing that and your funded amount increases over time.
What ever floats ya boat I suppose. Money invested in yourself is money well spent. As you said no guarentees in forex
Hey guys, Ive been in and out (giggity) of the forex game. And honestly, from my point of view Apiary is the real thing. There is so much learning material outside of Apiary that you dont even have to go to them yet. Educate yourself free fitst DUH
Then approach Apiary fund with what they have to teach you (which is great material btw and straight to the point)
it is 100 a mth yes but compared to other businesses it is a great choice (why?) Look them up, they are in the start up stages still of their company (which is a great time to get in) they are proving themselves with there new system (alveo) cause they used to trade on MT4. I dont work for apiary, simply been watching and learning while Soetimes I couldnt pay (they will work with you if you are open minded and simply let them know your situaution) the market not just people prey on the newbies.
And here is the cement, when you get to the prefunded (proven ithrough your demo AND you have to call them when you feel ready) its dropped to 2500. If you stop thats cool. dont pay them ? cool your acct will still be there. however it stays at where you last left it. whether it be negative or positive . They are doing well and I am looking forward to joing myself as funded trader. If you worried about the money. dont. unless you cant afford the extra 100 a month. i to have thought of taking up my own acct and trading. but its much simpler and saves time and money through apiary. you can view them as a scam.or as a catalyst to get what you want out of them. They really are from the ground up. I bet before these forx companies beacme the brokers theyare. they used similar business plans. just depends on how you work it. Once again my opinion. Been on and off. and I choose Apiary. (the ego wants to do it on its own, the humble achieve success with people by their sides) Take your time
Guys I really really really need help here
Mr. ThePipMan I have question for you, have you joined AF and get funded?
Lucre you said you joined AF already, are you funded now?
Currently I’m already enrolled, AF 14-day trial period, and now here’s what bothers me… a lot:
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When I received an email for apiary orientation class, I register for one class, and I missed, other thing came up. however…here’s what you guys might find interesting: after I missed one class, I received an email saying I can listen to session recording and gave me a link to it. So what I did was, I listened to the recording and also register for another class because I expect myself to be able to ask question that I had when I listened to the recording. OK, so after I listened to the recording, I go for the orientation class, guess what? the orientation class is not a class with real life speaker, it is a pre-recorded webinar. the speaker says the exact same word as the previous recording and worse, during q & a session he answered the exact same question from the exact same names as I listened to the recording of the previous session.
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During the orientation, the prerecorded voice says that originally to enter AF, you need to pay $997, but for now, he says that AF willing to overlook that price and give 14 days free trial to the first 30 ppl. Now, I know that the 30 ppl is usually not real, just a marketing push to give people motivation to enroll ASAP. But the thing that bothers me, was that not long after I enrolled, not even 5 days, I have people from AF called me and said that he is a development specialist from AF. He said that, in order for me to go on in AF, I Have to pay $697 (less than $997 by the least) and I have to pay for it right away because there is only a few spots left. Well basically we talked on the phone and from my observation, he talked really well for a trader, he sounds a lot more like a marketer, but may be it’s just me.
So can anyone tell me plzz whether this AF is legit and they are really helping ppl to become a trader, or whether they simply an organization that lives of subscription and monthly technological fee ?
thx in advance for any reply guys
really appreciated
You’re asking someone whose last login here was 5 months ago (I’m not criticising: I’m just mentioning it, in case you hadn’t noticed).
I have no experience of Apiary Fund, myself. I know people who were seeking funding for trading, looked at AF among their potential options, and dismissed it [I][U]very[/U][/I] quickly, after some [I][U]very[/U][/I] basic “due diligence”. (This is, of course, second-hand information only, so it’s of pretty limited value).
The things you’ve mentioned above would concern me greatly, I must say, if I were considering them.
If you’re looking for a potential funding-source that’s definitely “the real thing”, is well established, reliable, ethical, has good customer service, is genuine and proven through and through, and is definitely helping people to become traders (and hundreds do, successfully, with them), I suggest that you take a look at a company called “Top Step Trader”. Other than this, I can’t help - but good luck!
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Yeah, I noticed that lucre last post was some time ago and actually I was hoping that because it was sometime ago, that his/her status might go better (or worse) in AF.
But thanks for the tips, I’m definitely checking top step trade ^^
They’re rather easier to check out than Apiary, I think (and that might, in itself, tell you something about them. There are certainly [I]large[/I] numbers of people successfully being funded by them, anyway.)
Good luck!
Apiary Fund is easy to check out at the local BBB Apiary Investment Fund, LLC Review - Financial Services in Lindon, UT - BBB Business Review - BBB serving Utah
i’ve got 2 funded accounts here now, and the monthly fees have been reduced. When you are making money trading, if you do well which isnt that hard if you have patience, you will have all the $ you need for all sorts of fees, whichever ones you desire to pay and to whom.
trouble with fees is everyone wants them, its how they support themselves, I guess what you have to decide is, is the value you get worth the fees you give, or are your fees just a donation, because you fail to take the time to learn what has been presented.
What about Bright Trading? They have offices in many major cities.
It seems to me these firms are a good avenue if you are ALREADY a successful demo trader AND you can afford to trade full time but go a good 6-18 months with no income from trading.
So basically you need to ALREADY have a big pile of money AND be a successful demo trader in order to get access to their training and prove yourself to them in a demo period.
May as well trade your own money part time until you own account hits critical mass and you can support yourself, IMO.
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I broadly agree,
I think it’s possible for a few people to manage it successfully on a part-time basis and build their way up gradually, and some might therefore be able to manage it without having the 6-18 months’ income set aside, by keeping their jobs while they do so. That’s certainly the market TopStepTrader is targeting, and with some success: there are certainly people who have gradually become successful that way, who had almost no capital at all at the outset.
But you need already to be a consistently successful demo trader, for sure.
These firms are for people with unambiguously proven trading skills but without trading capital.
There’s no real benefit to anyone else, from trying them.
Having said all that, on the basis of what I’ve learned generally from chatting to people with experience of them, Apiary is one I’d keep well away from, myself.
The late Don Bright’s outfit certainly seems to be ethical and honest, from everything I’ve heard, but it’s aimed at attracting a significantly different market from the people whom places like Apiary are targeting.
(Another one to avoid, for anyone potentially interested, would be “OneUpTrader” which is closely associated with “MES capital” - a dishonest company whose owner even lies in forums about his identity!)
they let you trade however you want, however hard coded into the trading client is a 2% hard stop per order and a 5% hard stop per account. Neither seems too unreasonable, and since I generally dont use stop loss orders, I just use the riskbot as my stop loss. Thing is though if they can code a bot to close trades and lose money surely they can code it to close trades and make money 
Thanks for your posts on this subject.
Interesting to hear that you’re doing well with Apiary Fund, rrram2.
May I ask: after paying your $1,000 course-access fees, and the $97 per month to use their service, are you ahead on balance, and if so, how long did achieving that take you?
I paid no course fee. I was funded within a year, after funding they lower the tech fee (monthly fee to $65).
I got up to the $2500 funded level. I have terminated my contract with them. Biggest reason being, in mt4 I get 100% of the profits, at the low level account you share 40% of your profits with them. and every month they take out the profits to pay you and them, your account goes back to your funded level.
In the end, I was with them for 18 months or so, and the ROI on the whole things was great, because I quit and They paid me more money than I paid them, so it was a net positive, perhaps not by a huge amount. But looking back it was a complete net positive, as I learned a few new skills, and sharpened my trading all around. so even though I didnt make a huge profit after 18 months due to fees and profit sharing, I did learn a huge amount, much of it I already new (I am not a new trader), but I did add several pricesless trading gems to my trading tool bag as a result of their trading training.
They are great for new traders, and traders who are not yet regularly profitable. I think their weakness is in after training successful traders they dont do enough to keep them, because its like you get to know to much about trading, and know you are better off trading half as much money on your own in your own mt4 account where you get to keep 100% of the profts not 60%.
I guess where they excel is at trading new traders, and teaching them to trade intelligently without fear. The best thing about them is that you can trade their money and lose it all and they dont expect you to pay them back 
and while learning to trade, be assured, you are likely in your learning process to blow up your live trading account.
So it’s priceless (the learning that occurs) when you blow up your live trading account, but its emotionally hard to take! (especially when its your own money)(so its probably best to blow up your live trading account with someone elses money!~).
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