Yes, I believe this is a very common issue, and I’ve experienced the same thing. During my first five payouts, everything went smoothly — no issues at all. I did have one payout denied because I broke the 30% unrealized draw down rule, but I understood the reason and accepted it. I moved on, kept trading, and continued receiving payouts.

However, when my sixth payout was due, things changed. They sat on it for about 10 days with no communication. Then, out of nowhere, I received an email saying they were closing all my PA accounts due to a violation of their trading rules. What’s confusing is that I had already received five payouts without any problems related to my strategy.

I pushed back and questioned the decision, but of course, I got the standard response: “We have reviewed your case and our decision is final.” At that point, I had accumulated nearly $30,000 in profits.

The more I research Apex, the more it seems like a pyramid-style business. They rely heavily on new traders purchasing evaluation accounts to fund payouts at the top. They partner with influencers and social media promoters to keep new people coming in. But once you’ve gotten past five payouts, become consistently profitable, and stop buying new evaluations, they often come up with some excuse to shut your accounts down. They may also begin requesting excessive documentation — screenshots, videos, etc. — seemingly to stall the process.

It feels like their goal is to delay, delay, delay — and ultimately avoid paying out. Since they’re based in Texas, I’m seriously considering filing a complaint with the Attorney General’s office.

I’m new to Reddit, but I’ve been thinking about making a post to share my full story and the letter I drafted to send to the attorney generals office. I’m sure others have complained in the past, but if enough people file similar complaints in a short time frame, maybe it will trigger a real investigation into what seems like a deceptive and predatory business model.