Alpha Futures

Rules

Alpha Futures does not charge swap fees because traders are not allowed to keep trades open overnight and over the weekend, so there is no chance for the fees to be applied.

Their rules mention:

“You may begin trading at 6PM EST to start a new trading day, but all trades must be closed before 4:20PM EST every day. We will close the trades for you if you forget, but we recommend the trader closes themselves so they know their P&L in real time.”

Expert Advisors (EA's)

Alpha Futures strictly prohibits the use of all EA’s and trading bots.

News Trading

Evaluation Accounts: No news trading restrictions

Advanced Plan: Do not have news trading restrictions, but please review the Prohibited Trading Practices. An "all or nothing" approach or gambling tendencies still will not be tolerated at any time, especially during high volatility events.

Standard Plan: You may hold through news releases following your trading plan, but no orders may be executed within 2 minutes before or 2 minutes after high impact news events.

Weekend Holding

Not permitted as all trades must be closed on a daily basis.

You may begin trading at 6PM EST to start a new trading day, but all trades must be closed before 4:20PM EST every day. We will close the trades for you if you forget, but we recommend the trader closes themselves so they know their P&L in real time.

Hedging

Hedging across multiple accounts and the same account is not permitted and should not be practiced.

"Reverse Trading" or Hedging, meaning going short on one account, and long on the other is strictly prohibited at Evaluation and Qualified Phase. Long NQ and short MNQ on the same account is another example, and strictly prohibited.

High-Frequency Trading (HFT)

Alpha Futures restricts the use of automated systems designed for high-frequency trading, particularly those taking over 100 trades per day.

Accounts

Account Sizes

Alpha Futures offers a single-step evaluation process with two available versions:

1-Step Account (Standard):

Profit Target 1	6%
Daily Drawdown	0%
Max Drawdown	4%
Profit Split	70%

1-Step Account (Advanced):

Profit Target 1	8%
Daily Drawdown	0%
Max Drawdown	3.5%
Profit Split	90%

It’s very important to note that Funding Traders has a "maximum loss per trade" rule which it is strictly enforced: you cannot lose more than 2% on a single trade idea.

A trade idea is defined by positions opened or closed within 2 minutes of each other on the same instrument and direction, or those floating at the same time on the same instrument and direction.

Drawdown

The Maximum Loss Limit (MLL) is a trailing drawdown set at 4% on all Standard Account sizes, and 3.5% on all Advanced Account sizes here at Alpha Futures. This allows traders to pick whichever account size they want without having to change their style. Most prop firms allow a 3% MLL on accounts larger than $50k.

How is it calculated?

The Maximum Loss Limit is calculated from your account balance high at the end of each trading day, not ‘intraday equity high’. See the example below to understand.

Alpha Futures Drawdown Explained

You start with a $50k Standard Account, your starting MLL will be $48,000 ($2,000 or 4%).

If you make $500 on the first trading day in the $50K account, your account balance will be $50,500, which will make your Maximum Loss Limit $48,500 ($2,000 from the account balance high).

If you lose $500 the next day, your account balance would go back to $50,000, but your MLL will remain $48,500. This MLL will not go below $48,500 for the remainder of that account lifespan.

Once the Maximum Loss Limit reaches the initial starting balance, it won’t continue to trail. Meaning, if your EOD balance reaches $52,000 (+4%) your MLL will now be $50,000 and remain there for the account lifespan.

You can monitor your MLL on your dashboard.

What happens if I hit the Maximum Loss Limit?

If you break MLL at any point, floating equity or closed balance of account, your account will be liquidated. This means any attempted orders after the breach will not execute.

Hitting the MLL on an Evaluation Account means that account will no longer be eligible to become a Qualified Account. You may try again by purchasing a Reset, or wait for your monthly rebill to return the account to the original starting balance to try again.

Hitting MLL on an Alpha Futures Qualified Account means the account has been breached and will be closed.

Platforms

Alpha Ticks

Powered by ProjectX, Alpha Ticks is a well-known and reliable futures trading platform trusted by professionals and stands out for it’s commission-free trading.

Tradovate

Modern platform with easy accessibility.

NinjaTrader

Powerful charting and customisation.

TradingView

Allows you to analyse charts and place trades all within one platform, streamlining your workflow efficiently.

Conditions

Top One Futures maintains a transparent commission and leverage structure for futures trading.