What is the Apiary Fund?

The Apiary Fund is a proprietary trading fund. There are several sub-accounts of the fund which are managed by separate individuals. Each individual works to grow their account, receiving a split of their profits every month. Our community of traders works together similar to a beehive, which is how the fund received its name. The hive mentality illustrates our philosophy on money management – that is, we manage our risk by taking a diversified approach to the number of traders who each manage a small percentage of the fund. The fund then shares a large portion of the profits with its traders ensuring that both the fund and the traders’ incentives are in complete alignment.

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How do I get funded?

Here are the main metrics an Apiary Fund Risk Manager will look at when reviewing a virtual account for funding eligibility. Risk Managers have the ability to allocate funding to individuals at their discretion even if the trader hasn't met these metrics; however, a trader whose virtual account is achieving these benchmarks with a consistent predictability will be an extremely likely candidate:

  • Winning trade percentage greater than 50%
  • Average win greater than average loss
  • No loss exceeding 2% of account size
  • 60 days of history
  • At least 100 trades

Risk Managers understand that trading takes a lot of learning, practice, and patience. Don’t hesitate to practice trading for fear of making a mistake.

When analyzing a virtual account’s balance over time, it is common for beginners to have a period of excess volatility, particularly near the beginning. As you trade, you can learn to keep to a steady system of entry and exit, both winning and losing, that will average out to a relatively consistent, increasing account balance.

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When am I ready for a risk management interview?

When you log in to apiaryfund.com, you can track your trading progress in the "statistics" section. At the bottom of the statistics page is a section that shows your progress on various metrics that a risk manager will look at. When you reach all of these, you will be able to click the button that says "Submit for Review."

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Why does the Apiary Fund disable my account?

For our funded accounts, we have an automatic risk management software that will close all trades on an account if it reaches a loss of 5%. The account is then turned on by the Risk Manager later. Because we want the simulated demo accounts to prepare you for a funded account, we have the same rules in place. If your cumulative losses exceed 5% of what your balance was at 0:00 GMT, it will close all the trades and be disabled until Trader Support can turn it on the next business day.

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Why is there a monthly fee?

The Trader Programs have a monthly technology fee of $97.

The technology fee isn't just for data. Retail forex dealers for the general public provide their demo accounts and data for free because they know that they will make money from the subsequent customers' transactions. The quality and accuracy of the data stream can be debatable. The way we trade the Apiary Fund is not through a retail setup designed for the masses though. We used to trade at an institutional level tied directly into an ECN But with the change over to Alveo we are working on becoming our own ECN. While the monthly technology fee does cover the costs for streaming accurate real-time data and managing accounts, it also helped with the costs for software including licensing of MetaTrader and the Proform Robot, operation of the servers and administrators of this website, live phone and email support, and the ongoing live discussions through Adobe Connect. That's why we call it a technology fee and not a data fee.
Since we are no longer using the MT4, the costs that were associated with licensing that we were paying are now being used to help create our ECN and further the progression of the Alveo software. The technology fee is still for the Education on the website and the continued development of educational material as previously stated.

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What's the difference between the Apiary Fund and another trading company?

There are several things about our history and structure that make our organization unique. Here's some of the more poignant features of the Apiary Investment Fund:

Proprietary Trading - Our whole goal is to train someone how to trade so they can get a funded account. We actually put up the money and take the full risk. For that reason, we have to make sure each and every trader knows how to trade in a profitable and consistent way. This is different from other training companies whose primary goal is to sell training. They may even withhold information and say you need to pay more to learn more. Our prerogative to give our traders every bit of information that can help them become successful is in line with their desires to learn everything.

No Risk Deposit - If another company provides a proprietary trading opportunity, they may require a "risk deposit." The idea of a risk deposit is that the trader still assumes the risk for an account they trade, but still must split the profit. If a trader using a an Apiary Fund account loses money, they don't have to pay it back. That's why the training and qualification process is so important to getting a funded account. That's also why it's in our best interest to provide the best training possible.

Comprehensive Training - We have around 5 live discussions about the market every week where we teach concepts and answer questions. Each time we teach a concept, the discussion is recorded. As a result, there are around 400 hours of recorded discussions available to learn from. Additionally, we are creating new e-book and video content on a consistent basis so that people from any learning style can learn in an engaging way. We try to provide every bit of information we can so that we produce better traders.

Live Trading Rooms - Each week, people in the Trader Development Program can tune in to literally watch the screens of professional traders as they enter and exit positions. This allows you to learn from the examples of traders with different styles. We don't recommend taking the exact positions they do or even trading exactly like them, because it will be up to you to develop your own style, but it's nice to see people really doing it and get some pointers from the pros.

Partner Program - For select individuals, we offer a partner program where they can work with a specific successful individual on a weekly basis. The partner program is not for everyone. It is a privilege reserved only for a few because of the limited availability of trading professionals. Getting involved in a partner program also has a significant cost associated with it. Those involved in the partner program are able to meet on a weekly basis with a professional, usually over the phone, to discuss their personal trading and get advice regarding their style. The number and frequency of meetings is up to them.

Support Hotline - Our Trader Support department is here to help answer any questions you have about setting up your software, learning, and trading. We do our best to answer phone calls, emails, and forum topics while filling out the Frequently Asked Questions on the site.

Modules - We attempt to make trading as easy to understand as possible by coming up with creative new ways to explain it. One of those unique ways is our modules. Modules are videos and animations that explain concepts with diagrams in their simplest form. We're constantly producing new videos and modules explaining everything from the forex market, to software, to trading systems, to money management.

Crowdsourced Community - We take a crowdsourced approach to investing. One of the most helpful community aspects is that we have a forum where everyone can talk, ask, and answer questions no matter where they're at. You'll find "new-bees" introducing themselves, people sharing their market forecasts, and general advice-giving and hand-holding.

Proprietary Software - There are several custom indicators and expert advisors we provide to our traders through a partnership with the systems and technology entity, Proform Trading. You'll find useful tools like pivot and breakout displays as well as exclusive indicators like price and time cycles. There's also the Proform Robot: a pattern recognition tool that can search for high-probability patterns automatically and suggest trades.

We're not a broker - We train people how to trade and give them money to trade with, but we don't fulfill the transactions ourselves. We don't act as a mediator for trades and we don't make money off the transactions themselves, like a broker does. We also don't accept investments. The money used to allocate to funded traders is not pooled capital, it's just private money. When a trader gets a funded account, we give them a login that they use to trade with. Then, each month on the 20th, whatever money they have made gets withdrawn, and their split of the profits is sent to them.

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