Here are some frequently asked questions regarding the Apiary Fund.
What is the Apiary Fund?
The Apiary Fund is a proprietary trading fund and education company with a primary focus on risk management in the markets. We offer hundreds of hours of recorded education, copious live classes every week, and simulated trading accounts to practice in while you’re going through our Trader Development System – the Beeline to Funding. Once you’ve completed the Beeline, Apiary Fund will give you a live funded account with Apiary money to trade!
How can I join the Apiary Fund?
The Apiary Fund selects new associates via an application process. To apply, please follow this link: http://www.apiaryfund.com/apply
Can I trade my own money with Apiary Fund?
Unfortunately not. The Apiary is not a security. This means it is not comprised of multiple investors’ money and it cannot be sold in parts, either. Apiary Fund is closed to outside investors. It is a private pool of company money allocated to sub-accounts traders can qualify to manage.
How long does it take to go through the Beeline system and get funded?
Our Trader Development System (known as the Beeline to Funding) can be completed in as little as 3 months from start to finish. However, the timeline of each trader’s development journey is different. The Beeline is a self-paced program consisting of detailed instructional videos, and requires specific practice trades which meet certain requirements. As long as you’re dedicating about an hour a day and are able to maintain your stats on a positive side, it is feasible to get funded in 3 months.
Is there a risk deposit?
No. The Apiary Fund takes all the risk in the trading. If you’re in a funded account and you do have a loss, you will have to trade your account back into the positive to receive your profit check for the month.
Is there a cost?
Yes. When applying to join the Apiary Fund, new associates will pay tuition to enroll in one of 3 trader education tracks. The first track is the Floor Trader, and the tuition is $2,000. The next track is the Desk Trader, and the tuition is $5,000. The third track is the Market Maker, and the tuition is $10,000. There is also a $179/month technology fee that covers software licensing, data-feeds, and web server costs.
How many levels of funding are there?
Apiary Fund has 3 funding levels. The three funding levels correspond to the three tuition tracks discussed above. Funding occurs only when the associate completes the Beeline system. Floor Traders who complete the Beeline are funded with a baseline account balance of $2,000, and can achieve additional funding up to $20,000. Floor Traders keep 40% of the profit they make. Desk Traders who complete the Beeline are funded with a baseline account balance of $5,000, and can achieve additional funding up to $50,000. Desk Traders keep 50% of the profit they make. Market Makers who complete the Beeline are funded with a baseline account balance of $10,000, and can achieve additional funding up to $250,000. Market Makers keep 70% of the profit they make. Why the difference? Apiary Fund is more comfortable funding associates at a higher baseline account balance, and sharing a greater portion of the profits, when associates demonstrate a greater degree of commitment to their development by paying a higher tuition rate.
Do I need to have a professional Trading License?
No. Since Apiary Fund is a private fund and our funded traders aren’t trading investors money, no licensing is required to trade. Yet, if you want to get your licensing, a little extra education never hurt anyone.
How do I get into a funded account?
Complete all four hives in the Beeline to Funding (Copper, Bronze, Silver, Gold). As part of the Beeline, one of the Apiary Fund’s risk managers will be analyzing your statistics to ensure you meet certain criteria to prepare you to trade a funded account. As long as your stats meet these requirements as you progress through the Beeline, upon completion you’ll be in a funded account: 1) Average win is greater than average loss. 2) You are winning more trades than you are losing. 3) You are maintaining good risk management and not meeting or exceeding a 2% loss per trade or 5% loss in a single day.
Do I have to be a U.S. citizen?
No. While our main office is located in the U.S., we have traders in every continent except Antarctica and in more countries than can be listed in this section.
Where did the idea of Apiary Fund come from?
Having a lifelong career in money management and financial education, our head trader was asked to be an expert witness in an international case between an American and Chinese trading firm. Upon arriving in China to observe the company’s practices, he was surprised to learn that the company was training people from all backgrounds to manage their money, rather than just those with financial degrees. This provided the Chinese company with a unique risk diversification model, having multiple traders using diverse strategies. The Apiary Fund was created with a similar premise: allowing anyone the opportunity to not only learn professional money management skills, but also giving everyone the opportunity to trade company money and keep the larger share of the profits. Trading money that’s not their own also helps remove emotional stress from our traders. Using the internet, the professionals at the Apiary Fund are able to train people all over the world, giving them access to necessary software and training.
What if I’m already a successful currency trader?
If you’re already making pips in the market, great! Apiary would love to have you. With Apiary software having certain risk requirements and styles, it can take a bit to get used to. Due to this, experienced traders must still go through the Beeline to Funding to get funded. As long as you’re experienced, the Beeline process should go very smooth and fast for you.
How do I get paid?
Once you are funded, profits will be withdrawn on the 20th of every month. Depending on your location, you will either be mailed a check or e-transferred your profit share on the 10th of the following month.