Based on Trustpilot
Alpha Futures is a prop firm offering access to CME futures via its AlphaTicks platform. Traders complete a 1-step evaluation with profit targets and drawdown limits to qualify for funded accounts. Unlike most futures prop firms, Alpha Futures does not charge an activation fee. The firm offers up to 90% profit splits, no withdrawal caps, and a simple payout process - making it a solid choice for futures traders.
Conditions
|
Assets
|
Instant | 1 Step | Commissions |
|---|---|---|---|
 $25,000
$50,000
|
|||
|
$100,000
|
|||
|
$150,000
|
Rules
Swaps do not apply. These are exchange traded futures on simulated accounts, and every position must be closed by 16:20 ET, so no overnight financing is ever charged.
Alpha Futures publishes no swap rate card and sells no swap free add-on, because there is nothing to make swap free.
AI, bots and other automated trading mechanisms are prohibited across all account types, as is any form of hands off or continuous day and night trading.
Semi automated trading is permitted: an indicator may generate the signal, but the trader has to place the order manually.
Evaluation accounts: no news trading restrictions on any plan.
Advanced qualified accounts: no news trading restrictions either.
Zero, Standard and Direct qualified accounts: you may hold a position through a release, but no order may be executed within 2 minutes before or 2 minutes after a high impact event.
The reference calendar is ForexFactory, and the restricted events are the red folder releases tied to the asset being traded. A first violation is a warning, profit made inside the window is voided and the payout is denied.
Not permitted on simulated accounts. Overnight holding is not permitted either, because all positions must be closed on a daily basis.
You may begin trading at 18:00 ET to start a new trading day, but every trade must be closed before 16:20 ET. Alpha Futures closes open positions if the trader does not.
The session runs 18:00 ET to 17:00 ET and is closed from Friday 17:00 ET to Sunday 18:00 ET. Overnight holding is permitted only on live accounts.
Hedging across multiple accounts and within the same account is not permitted at either the evaluation or the qualified stage.
"Reverse trading" or hedging, meaning going short on one account and long on the other, is prohibited. Long NQ against short MNQ on the same account is another example the firm gives, and is also prohibited.
In evaluation: none on 1 Step (Zero), 50% on 1 Step (Standard) and 40% on 1 Step (Advanced).
Once qualified: 40% of net profit since the last withdrawal request on Zero and Standard, none on Advanced, and 20% on Instant (Direct).
Allowed only where a single person copies across their own Alpha Futures accounts. Automated, group and reverse copy trading are prohibited.
The firm advises using the smallest or least profitable account as the leader.
Alpha Futures restricts high-frequency trading, particularly where it produces more than 100 trades in a day. Exploiting fills is prohibited.
Tick and micro scalping is also prohibited, defined as a pattern of trades under 10 ticks and under 2 minutes. There is no rule requiring a position to be held past a set time.
Alpha Futures sells four programs: 1 Step (Zero), 1 Step (Standard), 1 Step (Advanced) and Instant (Direct). The three evaluations are single phase.
Zero is sold at $25,000, $50,000 and $100,000. Standard and Advanced are sold at $50,000, $100,000 and $150,000. Direct covers all four sizes. The figures in the tables below are the evaluation stage limits.
 Profit Target 1
|
|
 Daily Drawdown
|
|
 Max Drawdown
|
|
 Profit Split
|
|
Profit target 6% of the starting balance: $1,500 on 25K, $3,000 on 50K, $6,000 on 100K. The 2% Daily Loss Guard applies in evaluation and once qualified. Maximum loss is 4%, so $1,000 on 25K, $2,000 on 50K and $3,000 on 100K. Minimum 1 trading day. Contract limit 1 mini or 10 micros on 25K, 3 or 30 on 50K, 6 or 60 on 100K.
|
Profit Target 1
|
|
|
Daily Drawdown
|
|
|
Max Drawdown
|
|
|
Profit Split
|
|
Profit target 6% of the starting balance: $3,000 on 50K, $6,000 on 100K, $9,000 on 150K. There is no Daily Loss Guard in evaluation; a 2% guard applies once qualified. Maximum loss is $2,000 on 50K, $3,000 on 100K and $4,500 on 150K, so 4% on the smallest size and 3% on the other two. Minimum 2 trading days. Contract limit 5 minis or 50 micros on 50K, 10 or 100 on 100K, 15 or 150 on 150K.
|
Profit Target 1
|
|
|
Daily Drawdown
|
|
|
Max Drawdown
|
|
|
Profit Split
|
|
Profit target 8% of the starting balance: $4,000 on 50K, $8,000 on 100K, $12,000 on 150K. No Daily Loss Guard at any stage, though traders may set their own in the platform. Maximum loss is 3.5%, so $1,750 on 50K, $3,500 on 100K and $5,250 on 150K. Minimum 3 trading days. Contract limit 5 minis or 50 micros on 50K, 10 or 100 on 100K, 15 or 150 on 150K, available in full from the start.
Instant (Direct) is a one time fee with no evaluation. There is no profit target to pass, but a first withdrawal target must be met before any payout: $1,500 on 25K, $3,000 on 50K, $6,000 on 100K and $9,000 on 150K, and the target resets after each withdrawal. The 2% Daily Loss Guard applies, maximum loss is $1,000 on 25K up to $4,500 on 150K, and the split is 90%. Contract limit is 2 minis or 20 micros on 25K, 4 or 40 on 50K, 8 or 80 on 100K and 10 or 100 on 150K.
Position size on every plan is capped in contracts rather than by leverage. No leverage figure is published for simulated accounts. MBT and MET crypto futures count as full mini contracts because of their volatility.
There is no maximum risk per trade figure, but all in positions and using the Daily Loss Guard as a stop loss are both treated as prohibited conduct. Accounts must place at least one trade every 10 trading days, and there is no time limit on any evaluation.
Alpha Futures accounts carry two limits: the Maximum Loss Limit (MLL), which is a trailing overall drawdown, and the Daily Loss Guard.
The MLL is 4% on Zero, 3% to 4% on Standard, 3.5% on Advanced and 3% to 4% on Direct. On Standard it works out at 4% on the $50,000 account and 3% on the $100,000 and $150,000. The terms and conditions state a flat 4% on all account sizes, which does not match the figures in the plan tables.
The Maximum Loss Limit is calculated from your account balance high at the end of each trading day, not an intraday equity high. See the example below to understand.
You start with a $50,000 Standard account, so your starting MLL is $48,000 ($2,000, or 4%).
If you make $500 on the first trading day in the $50,000 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 stops trailing. If your end of day balance reaches $52,000, your MLL is $50,000 and stays there for the account lifespan.
A payout does not move the limit. An MLL sitting at $49,200 is still $49,200 after a withdrawal.
You can monitor your MLL on your dashboard.
The Daily Loss Guard is 2% of the starting balance: $500 on 25K, $1,000 on 50K, $2,000 on 100K and $3,000 on 150K. It is measured on the trading day's realised and unrealised profit and loss, including simulated commissions and fees.
Zero applies it in evaluation and once qualified, Standard only once qualified, and Advanced not at all. Direct applies it throughout.
Hitting it is a soft breach. The account locks until the next trading day opens at 18:00 ET rather than being closed. Using the guard as a stop loss is prohibited.
If you break MLL at any point, on floating equity or on closed balance, your account will be liquidated. 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.
Alpha Futures offers four platforms. The choice is fixed at purchase and cannot be changed afterwards.
The firm's own web platform, with integrated charting and a built in trade copier. It is described as commission free apart from regulatory fees.
Charting and analysis with order entry.
Desktop only. It runs on a dxFeed connection through Volumetrica Trading.
Order flow charting and trade execution.
Level 1 data is included in the monthly subscription. Level 2 depth of market data is $41 per month per user rather than per account, and EUREX depth of market data is $26 per month. Both are optional and can be cancelled at any time.
Trading covers CME, CBOT, NYMEX and COMEX products: equity indices, currencies, energies, agriculturals, metals, rates and crypto futures. The full per instrument commission schedule is published only inside a Permitted Products and Fees PDF linked from the help centre, not as web content.
Scaling at Alpha Futures raises your contract limit, not your account balance. It applies to Zero and Standard qualified accounts only.
Those accounts start at a reduced contract limit and unlock more contracts as profit rises. A $50,000 Standard account reaches its full limit at $2,000 of profit, and a $150,000 at $4,500.
● Zero: 1 mini or 10 micros on 25K, 3 or 30 on 50K, 6 or 60 on 100K
● Standard: 5 minis or 50 micros on 50K, 10 or 100 on 100K, 15 or 150 on 150K
● Advanced: 5 minis or 50 micros on 50K, 10 or 100 on 100K, 15 or 150 on 150K
● Direct: 2 minis or 20 micros on 25K, 4 or 40 on 50K, 8 or 80 on 100K, 10 or 100 on 150K
The $25,000 Zero account has no scaling plan. Advanced and Instant (Direct) have none either, because they give the full contract limit from the start.
MBT and MET crypto futures are treated as full mini contracts against the limit because of their volatility. Nothing in the plan raises the account balance or the profit split, which is 90% on every plan from the first payout.
Qualified accounts are capped at 5 on Zero, Standard and Direct, and 3 on Advanced. Holding an active Advanced qualified account limits the total to 3. Standard accounts opened before 27 July 2026 are limited to 3.
1 Step (Zero) has the lowest subscription, a 6% target, one minimum trading day and no consistency rule in evaluation, but the daily loss guard applies throughout. 1 Step (Standard) has no daily loss guard in evaluation and larger contract limits. 1 Step (Advanced) asks 8% with no daily loss guard at any stage and a $15,000 payout cap. Instant (Direct) is a one time fee with no evaluation.
No. The evaluations are sold as a monthly subscription that rebills from the sign up date until you pass, and the subscription ends automatically when you pass. A failed evaluation is reset at no extra cost on rebill. The only clock is the inactivity rule, which requires at least one trade every 10 trading days.
The Maximum Loss Limit trails on the end of day balance high, not on intraday equity, and stops trailing once it reaches the starting balance. It is breached on either floating equity or closed balance. A payout does not move it, so a limit sitting at $49,200 stays at $49,200 after a withdrawal.
1 Step (Zero) has none in evaluation. 1 Step (Standard) applies 50% in evaluation, 1 Step (Advanced) applies 40%. Once qualified, Zero and Standard apply 40% of net profit since the last withdrawal request, Advanced applies none, and Instant (Direct) applies 20%.
Five qualified accounts on Zero, Standard and Direct, and three on Advanced. Standard accounts opened before 27 July 2026 are limited to three. Holding an active Advanced qualified account limits the trader to three. Only one username per person and one person per household is permitted.
Not on any evaluation account, and not on an Advanced qualified account. On Zero, Standard and Direct qualified accounts you may hold through a release but may not execute an order within 2 minutes before or after a high impact event on the ForexFactory calendar. Profit made inside that window is voided and the payout is denied.
Bots, no. AI, bots and other automated trading mechanisms are prohibited on every account type, along with any hands off or continuous automation. Semi automated trading is permitted, meaning an indicator may generate the signal but you must place the order. A copier may only be used across your own Alpha Futures accounts; automated, group and reverse copying are prohibited.
The split is 90% on every plan from the first payout, with no tiered system. On Zero, Standard and Advanced the first payout comes after 5 winning trading days of $200 profit or more; Direct has no winning day requirement and instead pays once the first withdrawal target is met. Payouts run up to 4 times a month with no fixed dates. Minimum withdrawal is $200 on Zero, $500 on Standard and Direct and $1,000 on Advanced, and Advanced caps each request at $15,000.
Get a 10% discount with Alpha Futures and a free BOGO account (at payout) when you purchase with Propvator. You will receive an account of the same size from us for free + cashback after submitting your purchase receipt.
Not yet. Alpha Futures has not published a demo login we are able to share, so there is no way to inspect its live pricing without buying an account. The Alpha Futures demo account page will carry the server, login and password as soon as one exists.
Every review on Propvator is written by someone who showed us a receipt first, so what you read on the Alpha Futures reviews page comes from traders who actually bought an account rather than from anyone who happened to have an opinion.
Each rule has its own guide rather than one long page, so you can read only the one that affects your strategy. The Alpha Futures directory indexes all of them, from news trading and weekend holding to expert advisors, copy trading, drawdown and payouts.
