Alpha Futures Review 2026 | Pros, Cons, Payouts & Rules
- Simplicity of its evaluation model
- Highly rated and trusted on Trustpilot
- Available for US clients
- A soft daily loss rule (versus a hard breach rule)
- A single hard fail/breach condition
- Wide trading platform options
- No news trading restriction
- Low minimum required trading days
- Defined and transparent payout mechanics
- Has a comprehensive range of tradable instruments
- Intuitive User Interface (UI)
- A good set of educational resources
- No free trial and instant funding
- Evaluations are subscription-based (not low cost)
- No option for a 100% payout share split
- Does not allow overnight and weekend trading
- Automation is widely prohibited (High Frequency and EAs)
- Very limited scaling
- Wider geographic restriction
- Standard profit split starts at 70%
Alpha Futures is a proprietary trading firm that started in 2024 and lets traders take a 1-step evaluation or challenge through its 3 account types, namely: Zero, Standard, and Advanced, with a maximum allocation of $100,000 (Zero) and $150,000 (Standard and Advanced) in simulated (demo) funds. Unlike most prop firms which have a one-time fee, Alpha Futures’ pricing model is subscription-based, ranging from as low as $79 per month to as high as $419 per month (before any discount / promo code) depending on the account type and size. In addition, after you pass the 1-step evaluation phase, you also have to pay a $149 activation fee (for Standard and Advanced) to transition to a funded account.
As experienced and professional traders here at WR Trading, we extensively reviewed Alpha Futures’ busines model, costs, fees, rules, risk controls, leverage style limits, and payout conditions to evaluate whether it is a legit good option, or if there are major red flags that could catch you off-guard or significant enough to be deal breakers (non-negotiables for you). We also compared its offerings against other prop firms so you can definitively decide if Alpha Futures is a good place for you to start (considering your experience level), or if a different prop firm is a better fit for you at this stage of your prop firm trading career.
Alpha Futures Experience Summary from Our Expert:
On the other hand, for the negatives: I dislike that it does not offer a free trial or instant funding. All of its evaluations are subscription based and can actually be pretty expensive, especially if it normally takes you longer than a month to complete an evaluation. It also does not have an option for a 100% payout share split. It restricts overnight and weekend trading, and automated trading is also widely prohibited, as it explicitly bans high frequency trading and expert advisors. In addition, unlike other prop firms that have a scaling option of up to $1–$4 million, Alpha Futures’ maximum is limited to the original account balance you choose ($50k to $150k only). Finally, it also has an unfortunate broad geographic restriction across 59 countries and territories, and a low starting profit share split of only 70% on its standard account.
0 Alpha Futures Customer Reviews And Ratings
Alpha Futures Overview
Alpha Futures is a modern futures-focused proprietary (prop) trading firm that provides simulated trading accounts, where users trade with virtual funds in a demo environment to qualify for its “funded” account, which can let you earn real money if you perform well and meet its payout conditions. Legally, the prop firm is operated by Alpha Futures Limited, a private company incorporated in England and Wales, United Kingdom.
Alpha Futures’ business model centers on a monthly subscription for its evaluations, with 3 account types:
- Standard ($50k to $150k)
- Advanced ($50 to $150k)
- Zero ($50k to $100k)
This means you need to pay a recurring monthly fee until you pass or fail the evaluation. This is a sharp contrast to most prop firms, which use a one-time-fee model as their primary revenue source (Example: a user buys a challenge, including specific add-ons they want, and that’s it). Alpha Futures supports a total of 5 trading platforms, namely: ProjectX, Quantower, Tradovate, NinjaTrader, and TradingView (via Tradovate integration), and lets its users trade CME Group futures products.
Finally, the profit share split depends on the account type: Standard starts at 70% and can reach up to 90% (through its tiered schedule), while Advanced and Zero are 90% by default.
Is Alpha Futures a scam or a legitimate prop firm?
Alpha Futures operates legitimately and legally as a proprietary trading firm (under Alpha Futures Limited, a registered private company in the United Kingdom, incorporated in April 2024). However, it is not a broker and its official disclaimer on its website states: “Please note that all accounts we provide to our clients are demo accounts with simulated funds and any trading is conducted in a simulated environment.” This means that all trading activity happens in a demo environment, and is not executed in a real financial market (something that only licensed brokers can do).
That said, it can still be illegal to use Alpha Futures if you are a citizen or are currently residing in one of its 59 restricted countries and territories, namely: Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Bulgaria, Burkina Faso (Upper Volta), Burma/Myanmar, Chad, Côte d’Ivoire, Croatia, Cuba, Democratic Republic of Congo, Djibouti, East Timor, Guinea-Bissau, Ethiopia, Haiti, Iran, Iraq, Jamaica, Jordan, Kenya, Kosovo, Laos, Lebanon, Lesotho, Libya, Malawi, Malaysia, Mali, Montenegro, Mozambique, Namibia, Nigeria, North Korea, North Macedonia, Palestinian Territory, Pakistan, Philippines, Romania, Russia, Rwanda, Senegal, Serbia, Sierra Leone, Slovenia, Somalia, South Africa, South Sudan, Sudan and Darfur, Syria, Tajikistan, Tanzania, Turkey, Ukraine, Venezuela, Vietnam, Yemen, and Zimbabwe.
Lastly, Alpha Futures’ KYC guidance explicitly states that using a VPS or VPN during KYC is not permitted and can lead to account closure. Also, it treats third-party involvement (other people using your account) as a breach of its terms. Hence, if you are a citizen or currently reside in a restricted country or attempt to bypass its eligibility checks by using a VPN, you are taking on a very real risk of legally losing your account due to these explicit rules.
Alpha Futures Safety and Security Explained
Alpha Futures is safe and secure to use and is 100% legit (not a scam) as long as you do all of your transactions on its official website (http://www.alpha-futures.com) and not a fake one. Alpha Futures is transparent about what it is (a prop firm) and what it is not (a broker), and it clearly states that all accounts are only demo with simulated funds, meaning you are trading in a virtual environment rather than placing live trades in a real market. It also publicly discloses its corporate details in its legal documents, including the fact that it is registered in the United Kingdom and lists its complete address, which is generally a good sign of a trusted company.
Furthermore, Alpha Futures requires identity verification and the fact that it does not accept 3rd party payments helps reduce the risk of falling victim to fraud. That said, note that the main risk really lies in your geographic eligibility (you must not be a resident or citizen of one of the countries or territories in its restricted list we laid out in the previous section) and must comply with its stated rules and policies (including the use of VPN) to ensure the safety of your account from being legally closed. Overall, if you are eligible and follow its rules and policies, Alpha Futures is definitely safe and secure to use.
Alpha Futures Account Types Comparison
Here is an extensive table comparing the 3 account types of Alpha Futures: Zero, Standard, and Advanced. We include here all the important details for each account type, including the challenge fees and initial balances available, leverage, profit target, profit share split, daily and max drawdown conditions, as well as other key information that you need to be familiar with:
| Challenge | 1-Step Assessment | 1-Step Assessment | 1-Step Assessment |
|---|---|---|---|
| Account Types | Zero | Standard | Advanced |
| Initial Balance | $50k – $100k | $50k – $150k | $50k – $150k |
| Challenge Fee | $99/month – $199/month | $79/month – $239/month | $139/month – $419/month |
| Leverage | $50k account: 3 minis, 30 micros $100k account: 6 minis, 60 micros | $50k account: 5 minis, 50 micros $100k account: 10 minis, 100 micros $150k account:15 minis, 150 micros | $50k account: 5 minis, 50 micros $100k account: 10 minis, 100 micros $150k account:15 minis, 150 micros |
| Profit Target | 6% | 6% | 8% |
| Daily Loss Limit | 2% | None | None |
| Max drawdown | 4% | 4% | 3.5% |
| Profit Share | 90% | 70% to 90% | 90% |
| Weekend Position | Not allowed | ||
| Overnight Position | Allowed, but all trades must be closed before 4:20PM EST every day | ||
| Payout Frequency | Weekly | Every 14 days | Weekly |
| Minimum Trading Days | 1 day | 2 days | 2 days |
| Time Limit | None | ||
How Alpha Futures’ Challenges and Costs Work
Alpha Futures has 3 account models, all of which use a 1-step assessment, namely: Zero, Standard, and Advanced. Unlike other prop firms, it does not have 2-step and 3-step account options. It also does not offer instant funding, which would let you skip the challenge (evaluation) phase altogether and go straight to a funded account phase.
While all of its accounts are 1-step, there are key differences between the Zero, Standard, and Advanced accounts. Hence, to help you quickly compare Alpha Futures’ account types, we lay out a quick table below that shows the most fundamental details, including each account’s cost, initial balance, and important trading rules (profit target, daily drawdown, and max drawdown rules) to help you select the best account type for you:
| Challenge | 1-Step Assessment | 1-Step Assessment | 1-Step Assessment |
|---|---|---|---|
| Account Types | Zero | Standard | Advanced |
| Challenge Fee | $99/month – $199/month | $79/month – $239/month | $139/month – $419/month |
| Initial Balance | $50k – $100k | $50k – $150k | $50k – $150k |
| Profit Target | 6% | 6% | 8% |
| Daily Loss Limit | 2% | None | None |
| Max drawdown | 4% | 4% | 3.5% |
How to Save with Promo Codes and Rebates
Alpha Futures actively offers price rebates through its promo and discount code offers that you can apply directly at checkout. It also runs an official Affiliate Program (https://help.alpha-futures.com/en/articles/9619919-affiliate-program) where each affiliate gets a unique link and code, and that customer code defaults to an automatic 10% off. In addition, Alpha Futures states that customers will still get whatever promo is actively running, so affiliates do not have to compete to necessarily offer the “best” discount. Just recently, it ran a 25% off promo for all of its accounts during Thanksgiving from November 24–30 with the code NOV25.
If you want the best promo or discount code before buying, we highly recommend checking these 3 legit places:
- First, the Alpha Futures checkout page, where you purchase your evaluation, since that is where you directly apply the code.
- Second, the Affiliate section of your Alpha Futures dashboard (or a partner’s affiliate code), since it defaults to 10% off and still honors any bigger active promo you may have.
- Third, Alpha Futures’ official social media channels (particularly Instagram and X).
How challenging is it to pass the challenge on Alpha Futures?
The difficulty mainly depends on which evaluation / challenge type you pick and how well your trading style fits its risk rules, especially the maximum loss limit and consistency requirements the prop firm imposes. Note that Alpha Futures only uses a 1-step evaluation, but the experience can differ meaningfully across Zero, Standard, and Advanced. To help you, here’s our quick thoughts and guide for its 3 different account models:
- Zero Challenge Account: We think this best suits disciplined traders who want a faster path and can capitalize on their edge quickly, since Alpha Futures states that Zero can be a 1-day pass because it has no Evaluation consistency rule. In contrast, traders with looser risk controls are more likely to struggle because Zero has a daily loss guard during evaluation.
- Standard Challenge Account: We think this is better for traders with a steady approach who can meet Alpha’s 50% Evaluation consistency rule while working toward the profit target. However, traders who need or rely on having a “one big day” to pass are more likely to struggle due to the consistency rule.
- Advanced Challenge Account: We think this is best for experienced traders who want fewer restrictions after passing. This is because Advanced has no consistency rule. Although the trade-off is that Advanced has a tighter maximum loss limit of 3.5% versus 4% that of Standard and Zero, which increases the real risk of failing if you cannot tightly control your drawdowns.
Key Trading Rules and Limitations in Alpha Futures
Here is a breakdown of Alpha Futures’ trading rules that it requires for each of its account types, which you need to be familiar with to avoid any potential breaching violations that will cost you your evaluation or funded account:
| Challenge | 1-Step Assessment | 1-Step Assessment | 1-Step Assessment |
|---|---|---|---|
| Account Types | Zero | Standard | Advanced |
| Daily Loss Limit | 2% | None | None |
| Max Drawdown | 4% | 4% | 3.5% |
| Profit Target | 6% | 6% | 8% |
| Minimum Trading Days | 1 day | 2 days | 2 days |
| Trade Limit | None | ||
| Trade Activity | Must place at least 1 trade at least once every 10 trading days | ||
| Weekend Holding | Not allowed | ||
| Leverage | $50k account: 3 minis, 30 micros $100k account: 6 minis, 60 micros | $50k account: 5 minis, 50 micros $100k account: 10 minis, 100 micros $150k account:15 minis, 150 micros | $50k account: 5 minis, 50 micros $100k account: 10 minis, 100 micros $150k account:15 minis, 150 micros |
| Payout Frequency | Weekly | Every 14 days | Weekly |
| Time Limit | None | ||
| Overnight Holding | Allowed, but all trades must be closed before 4:20PM EST every day | ||
| News Trading | Allowed | ||
| High Frequency Trading | Not allowed | ||
| Expert Advisors (EAs) | Not allowed | ||
| Multiple Accounts | Allowed *up to 3 accounts at one time and a max of $450,000 total allocation | ||
| Copy Trading | Allowed*Automated, Group, and Reverse Trading are prohibited | ||
What happens when you fail the evaluation?
If you fail an evaluation (challenge) by hitting the set max drawdown (the only hard breach rule Alpha Futures has), you do not necessarily have to buy a brand new evaluation to continue trading with Alpha Futures. This is because it offers a paid “Reset” option that you can buy that returns your account to its default settings, including the starting balance, maximum loss limit, and even trading days.
The reset fee ranges from $59 to $419. For your reference, here’s Alpha Futures’ reset fee for each account type and size:
- Zero: $79 ($50k account); $159 ($100k account)
- Standard: $59 ($50k account); $129 ($100k account); $199 ($150k account)
- Advanced: $139 ($50k account); $279 ($100k account); $419 ($150k account)
Note: Buying a reset does not change your monthly rebill date for your challenge account.
Is Alpha Futures good for beginners?
Yes, Alpha Futures can be a good option for beginner traders who already have some basic futures and prop firm experience and want to test themselves with a more structured futures prop firm. That said, we honestly do not think Alpha Futures is the ideal place to start from absolute zero. This is because, unlike other more “beginner-friendly” prop firms, Alpha Futures does not offer a free trial so you have to risk your money right away. Coupled with its evaluation model (which is subscription-based), it can actually be very expensive for beginners with no prop firm background at all.
Also, while you can reduce costs through a discount or promo code at checkout (including affiliate codes that default to 10% off), it is still not a low-cost or affordable prop firm because the pricing (being subscription-based) can add up if you take multiple months to pass. Not to mention the additional “activation fee” (that applies to Standard and Advanced accounts) that you need to pay once you pass the evaluation phase.
Is Alpha Futures a good fit for serious traders?
Yes, we believe serious futures traders can actually best utilize Alpha Futures’ offerings (unlike beginners), especially if you want a more modern, rules-driven prop firm with transparent payout mechanics and a clearly defined profit share split structure, and of course, the fact that it is legit, safe, and secure to use. To be more specific:
a. For Intermediate Traders:
Alpha Futures’ Standard plan is the most sensible place for many intermediate traders because it is the lowest-priced plan, starting at $79 per month. Standard also uses a tiered profit share split that can reach 90% over time, with payouts available every 14 days on your payout date (as long as the consistency rule is satisfied).
b. For Advanced Traders:
For more advanced traders, Alpha Futures is more attractive through its Advanced account because the Qualified (funded) stage removes several constraints that can trip up experienced traders elsewhere, including no consistency rule and no news trading restrictions. It is also more “high paying” from the start because the Advanced profit share split is 90% at all times.
c. For Systematic or Professional Traders:
For systematic or professional profiles, Alpha Futures is a good fit if you want multi-platform trading access and TradingView support, since Alpha explicitly supports TradingView via a Tradovate add-on, as well as other platforms like NinjaTrader.
Caveat:
Having said all this, Alpha Futures has key trade-offs for serious traders. First, it explicitly bans automated strategies (tick scalping, high-frequency trading, and Expert Advisors), and its scaling plan (https://help.alpha-futures.com/en/articles/9492025-scaling-plan) is practically non-existent. This is because, unlike other prop firms where you can scale your original account balance up to $1-$4 million, you are actually stuck with the original account balance you subscribed to.
If you subscribed to a $100k account balance and passed the evaluation phase, regardless of how successful you are, your account value will not grow past the $100k value. In fact, Alpha Futures’ mediocre scaling is only up to $450k in account value (the maximum allowed), and this only happens if you subscribe and pass 3 accounts worth $150k each.
Alpha Futures’ Payout Policies
Here is a snapshot of Alpha Futures’ payout structure, including its important payout conditions, profit share split, required minimum amount per payout request, processing frequency and length, and the only legit withdrawal methods it supports and the applicable withdrawal fees you can expect:
| Payout System | Details |
|---|---|
| Key Payout Conditions | 1. Complete and pass Alpha Futures’ KYC 2. Request payout when eligible Standard: Must satisfy the 40% Consistency Rule Advanced: Must request after 5 winning trading days with $200 profit or more. Zero: Must request after 5 winning trading days with $200 profit or more, and satisfy the 40% Consistency Rule. (The winning days do not have to be consecutive) 3. No pending case on any potential breached rule Alpha Futures’ Balance Rule: Withdrawal requests are removed from your trading account and can contribute to breaching your Max Loss Limit |
| Minimum Payout Amount | Zero and Standard: $200 Advanced: $1,000 |
| Profit Share/Split | Standard (tiered): 1. Payouts 1 to 2: 70% 2. Payouts 3 to 4: 80% 3. Payouts 5 plus: 90% Zero and Advanced: 90% at all times |
| Payout Frequency and Interval | Standard: every 14 days (the 40% Consistency Rule must be satisfied). Zero and Advanced: Weekly |
| Payout Processing | Valid payout requests are processed in 48 business hours or less. |
| Withdrawal Methods | Available payout methods are: 1. ACH (US bank accounts), 2. Wire Transfer, 3. SWIFT, 4. Wise, 5. Rise Note: All payments are made in USD |
| Withdrawal Fee (Internal) | Alpha Futures does not charge its own processing fee on your payouts. |
| Withdrawal Fee (External) | Transfer fees may apply depending on your preferred payment method and your country. |
Does Alpha Futures actually pay out?
Yes, based on our due diligence, Alpha Futures is legit and pays profitable users (traders) their profit share from their funded accounts, provided, of course, that they meet all of its payout conditions. In addition, we also verified its payout track record through community feedback from multiple sources, including Trustpilot and Reddit, and many successful funded users report that they actually received their payout share. Hence, Alpha Futures is indeed a trusted prop firm when it comes to paying out successful traders on its platform.
What are traders complaining about on Alpha Futures?
During our research, we found notable complaints on the company’s Truspilot page despite its exceptionally high rating of 4.9/5 as well as on Reddit.
One user says:
They are more expensive than most. Their platform’s technical foundation shows concerning weaknesses: Trading Engine Issues, Execution delays during high volatility, Order filling discrepancies, System downtime during critical market moments, Incomplete market data feeds, Delayed stop-loss executions, Inconsistent margin calculations, Unreliable position tracking, Problems with multi-leg orders and their dashboard always has issues. They have a very vague rule about “tick scalping”; my first payout was denied for “tick scalping”. I sent videos of my trading sessions to show them I was not tick scalping and it was just me closing trades early due to Market changes or trades hitting my stop in profits. They did not care. They told me to wait until the next payout window and how to correct my “tick scalping”. I did exactly what they said, and the 2nd payout was denied for the same reason. Don’t waste your time with ALPHA FUTURES.
Another user complained: “Don’t bother with them. I had my first payout denied for trading 1 day out of 15 with a VPN turned on. I had it on because I was using McDonald’s WiFi and trading while eating breakfast that day, so I wanted to keep my device safe. The second payout was denied because, by their definition I was “closing trades too early”. Which isn’t even prohibited in their code of conduct. I argued with customer service for a few days and said this was bull crap and they got aggressive almost threatening me and closed my accounts.”
See its Trustpilot rating and current and past user feedbacks: https://www.trustpilot.com/review/alpha-futures.com
Notable Reddit posts/community sentiment:
- https://www.reddit.com/r/Daytrading/comments/1lsbmqm/i_have_tested_5_futures_prop_firms_and_2_crypto/
- https://www.reddit.com/r/PropFirmTester/comments/1kjqhfr/alpha_futures/
Which trading platforms can you use with Alpha Futures?
Alpha Futures supports the following modern trading platforms (It is important to note however, that your platform choice is locked after purchase, so you need to ensure to select your ideal trading platform from the get-go):
- TradingView: A popular browser-based charting platform with a clean interface and strong technical analysis tools. Alpha Futures supports TradingView through a Tradovate connection, so you can trade your account through TradingView if you already prefer that ecosystem. Overall, we believe this is a great option to start for discretionary traders who want familiarity and speed.
- ProjectX: Alpha Futures’ core futures trading setup, positioned as “commission-free” on their side (although regulatory and exchange fees still apply). It is generally a straightforward option for traders who want a simple, execution-focused platform without extra complexity.
- Quantower: Available via ProjectX integration, Quantower is a feature-rich futures platform and order flow tooling. This is typically the best fit for traders who want more depth than what a basic interface provides.
- Tradovate: A well-known futures platform with web and desktop support. Note that Tradovate is also important here because Alpha Futures uses it as the bridge for TradingView integration.
- NinjaTrader: A widely used platform among futures traders, especially for those who want more advanced charting and custom workflows. Alpha Futures supports NinjaTrader, but note that you still need to follow Alpha’s trading rules and prohibited practices.
Alpha Futures Trading Fees and Spreads Explained
The following is a quick breakdown of all the trading fees you need to expect in Alpha Futures, including any applicable fees for its trading platforms, activation and reset fee, spreads and commissions, swap/overnight, and, if it charges a subscription fee once you transition to a funded account:
| Fees | Details |
|---|---|
| 1. Subscription Fees | Zero: $99/month – $199/month Standard: $79/month – $239/month Advanced: $139/month – $419/mont *The monthly fee rebills monthly until you pass, and the evaluation subscription automatically ends once you pass. |
| 2. Activation Fee (after passing the challenge) | Standard and Advanced: $149 one-time activation fee Zero: No activation fee |
| 3. Reset Fee | Zero: $79 (50k account); $159 (100k account) Standard: $59 (50k account); $129 (100k account); $199 (150k account) Advanced: $139 (50k account); $279 (100k account); $419 (150k account) |
| 4. Trading Platform or Data Fee | 1. Level 1 CME Top of Book data is included in the Monthly Evaluation Subscription (and also included alongside Activation Fees, per Alpha). 2. Level 2 DOM is optional at $41 per user per month, and EUREX DOM is optional at $23 per month. *If you use TradingView, you also need an active TradingView subscription. |
| 5. Spreads | Variable, market-dependent bid-ask spreads Note: Spreads are not set by Alpha Futures and instead depend on liquidity and market conditions |
| 6. Commission | Commission-free trading Note: Regulatory and exchange fees still apply per contract round-turn |
| 7. Overnight (Swaps) Fees | N/A |
Which broker powers Alpha Futures?
None, Alpha Futures’ evaluation and funded account offerings are not backed by any broker at all. Note that Alpha Futures explicitly states it is not a broker, and it does not accept deposits, and the accounts it provides are not live trading accounts because they are fully simulated. Hence, Alpha Futures does not need a broker in the background to facilitate these demo trades, since they are not real in the first place.
This means that while you technically trade through one of its third party platforms (ProjectX, Quantower via ProjectX, Tradovate, NinjaTrader, TradingView), Alpha Futures’ arrangement with these platforms are for pure simulation (demo) trading. For example, Tradovate setup instructs you to select simulation trading mode and TradingView connection explicitly uses Demo trading environment.
How Alpha Futures Payouts Are Taxed
As a prop trader, you are responsible for paying any taxes due on all of the profits you make on Alpha Futures’ platform. Note that, in many countries or jurisdictions, payouts you receive from a “funded trader program” are typically treated as ordinary income, such as business or self-employment income, rather than capital gains, because you are receiving a profit share based on your virtual trading performance instead of realizing capital gains on a real financial asset.
Nevertheless, we highly recommend that you consult a local tax professional in your jurisdiction (country) to ensure you comply with the specific local tax rules that apply to you.
Alpha Futures Support and Educational Resources
The following are the official channels of Alpha Futures:
- Primary Support Channels: Through its live chat and official email support at support@alpha-futures.com.
- Community Channels (for latest updates, general info and promotions):
In addition, Alpha Futures provides up-to-date and modern educational resources that are a good place to start before (and after) you reach a Qualified (funded) account stage. These are its 3 main educational hubs:
- Introduction to Futures Tutorial: https://alpha-futures.com/intro-to-futures/
- Forex to Futures Tutorial: https://alpha-futures.com/forex-to-futures/
- YouTube: https://m.youtube.com/@Alpha_Futures
The best alternative prop firms to Alpha Futures
Based on our independent real-world testing, these prop firms are a great alternative and 100% legit, not a scam. Here are 5 of the modern, high-paying, and trusted prop firms that we highly recommend as a good alternative to Alpha Futures:
- SabioTrade: A good, trusted option to start if you prefer a much lower overall cost versus Alpha Futures. Like Alpha Futures, it offers a quick 1-step assessment phase, regular, consistent weekly payouts, and a high 90% trader profit share split.
- Apex Funded Trader: A prop firm with a profit share split of up to 100% for your first $25k, then 90% on the following cycles. It also offers a regular payout every 8 trading days and features a unique breach safety net that locks your drawdown once you reach the threshold you set, preventing you from prematurely breaching your account and failing the assessment phase.
- FundedNext: A highly acclaimed modern prop firm with up to 95% profit share split, account sizes up to $300k, and bi-weekly/monthly payouts. Some of FundedNext’s account models also have bonuses during the evaluation phase and guarantee a 24-hour payout process on your funded account.
- The Trading Pit: A reputable prop firm with regulated-broker partnerships (unlike other prop firms that operate solely on their own). Notably, it also offers a scaling plan of up to €5 million and has native support for major platforms, namely: NinjaTrader, Tradovate, TradingView, ATAS, Quantower, and R/Trader.
- FundingPips: A prop firm with a proven track record and a simple 2-step evaluation with a profit share split ranging from 80% to 100%. In addition, it has a high-ceiling scaling plan of up to $2M, making it highly attractive for experienced and advanced traders who value reliability and the highest potential ROI for their trading edge.
Conclusion: Worth Considering, But Not the “Top-Tier” Option the Trustpilot Rating Implies
With everything considered, Alpha Futures is a good option if you’re looking for a highly rated and trusted futures prop firm with straightforward accounts and a simple evaluation mechanism. We particularly like that its daily loss limit is only a soft daily loss guard and will not result in a hard breach. We also like its support for a wide range of trading platforms, no restriction on news trading, and its comprehensive range of tradable futures instruments, while also offering an intuitive user interface (UI) and a good range of educational resources. Moreover, its low minimum required trading days of only 1–2 days and its clearly defined and transparent payout mechanism are also incredibly advantageous.
That said, while it has a 4.9 out of 5-star rating on Trustpilot, we think this is inflated and not representative of its significant downsides. First, there is no free trial or instant funding. All of its evaluations are subscription-based and can be very expensive if you normally take your time during the evaluation phase. We also dislike that its automated strategies, including high-frequency trading and EAs, are largely restricted and that, unlike other prop firms that let you scale to $1 million or more, Alpha Futures limits your account potential to your original account value ($50k to $150k), which even if you get the $150k, is still relatively small. Its profit share split on the Standard account also starts lower than the industry average at only 70%. In contrast, there are legit and reputable prop firms that have lower challenge fees while also offering a high-paying profit share split that starts at 90%. Lastly, while it supports US clients, it has one of the widest lists of geographic restrictions, covering nearly 60 countries and territories.
Frequently Asked Questions (FAQs) on Alpha Futures
Does Alpha Futures offer instant funding?
No, Alpha Futures does not offer an instant funding account. All of its accounts require you to take and pass an evaluation phase before getting a funded account.
Is Alpha Futures available for US clients?
Yes, Alpha Futures can be used by clients in the US. The US is not among the countries explicitly restricted by Alpha Futures. This means its prop firm services can be used in the country.
What are the available trading platforms in Alpha Futures?
Alpha Futures offers a total of 5 trading platforms, namely: ProjectX, Quantower, Tradovate, NinjaTrader, and TradingView.
Does Alpha Futures have an option for a 100% payout share split?
No. Alpha Futures’s maximum payout share split is 90% and it does not offer a 100% profit split option on any of its accounts.
Does Alpha Futures offer a free trial?
No. Alpha Futures does not offer a free trial to any of its accounts. Hence, you will need to open an actual challenge account in order to try out its platform features.
