Alpha Futures Review 2024

Alpha Futures Review 2024

Alpha Futures is a new futures prop firm and the sister company of well know Alpha Capital forex prop firm. Alpha Futures offers simulated trading accounts to qualified traders. If you can prove your skills in their evaluation process, you will be given a simulated account funded by Alpha Futures. You keep the profits you make while Alpha Futures takes on the risk of any losses.

Alpha builds trader resumes, providing daily performance updates on your Qualified Alpha Futures Qualified account. The prop firm connect consistent traders worldwide with industry leaders to unlock new opportunities.Alpha Futures firm ensures a 4% drawdown across all accounts, regardless of size. The prop firm track from your daily balance, not equity highs, enabling seamless scaling without altering strategies.

Alpha Futures understand you’ll run into roadblocks as a trader. Reset your evaluation account when you want, as many times as you want. Your dashboard will reset with it. With a No Daily Drawdown on evaluations Trade your style how you want and Earn up to a 90% profit split with a Bi weekly payouts. Alpha Futures want to seew traders win!

Alpha Futures Evaluation & Qualified Trader Overview

Alpha Futures Trading Evaluation is meant to help traders build their skills and habits as they hope to gain funding opportunities. Those that pass will become Alpha Futures Qualified Traders. In order to take a Trading Evaluation, a monthly subscription is required. Evaluations may be reset at any time. Alos in order to pass, the trader must reach and maintain the profit target. The Profit Target is 6% on all account sizes.

There is only one rule on Evaluation Accounts, do not allow the Account Balance to hit or exceed the Maximum Loss Limit. The Maximum Loss Limit is 4% on all Evaluation Accounts. No Daily Loss Limit on Evaluation Accounts. Also there is no maximum trading day or time limit on evaluations, but there is a 3 Trading Day minimum. Alpha Futures understand traders are eager to advance, but want to help them develop a consistent trading style.

All trades must be closed before 4:59 ET each day on both Evaluation and Qualified Accounts. Alpha Futures system will automatically close them for you if you forget, but Alpha Futures recommend the trader closes themselves so they are aware of their P&L.

See the differences below between Evaluation and Qualified Trader Accounts below:

	Evaluation	Qualified Trader
Minimum Trading Days	0	0
Profit Target	6%	None
Maximum Position Size	5 contracts/50k   (50 micros)	Scaling Plan to 5 contracts/50k
Maximum Loss Limit	4%	4%
Profit Split	None	Up to 90%
Resets	Unlimited, same as monthly fee	None
Daily Loss Guard	None	2%.   This is NOT a fail, it just locks your account for the day. Alpha Futures do not want to see our Qualified Traders lose their accounts in one day
Consistency Rule	None	40%   One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard.
Max Allocation	No limit	$450k

The main differences between Evaluation Accounts and Qualified Accounts will be Daily Loss Guard, Scaling Plan, Consistency Rule, and of course the ability to be paid out. Alpha Futures are looking to fund consistent, disciplined traders, not gamblers. Your Monthly Evaluation Fee will rebill monthly from the sign-up date until you pass. The Evaluation subscription automatically ends once you pass.

Monthly Evaluation Fee by account sizes:

• 50k Evaluation $79/month

• 100k Evaluation $159/month

• 150k Evaluation $239/month

Qualified Traders do not pay a monthly subscription, only a one time Activation Fee for their account.

Your subscription will rebill the same day each month until you pass your Evaluation or cancel. You can cancel your subscription in the Billing section of your dashboard. After rebill, your failed Evaluation Account will be reset to the original starting balance so you may try again. If your Evaluation Account is in profit however on rebill date, the balance of the account will stay the same to not erase any of the progress you made on your Evaluation. If you do not want to wait for the rebill date to try again, you may purchase a Reset or another Evaluation, but this does not affect your current rebill date.

A Reset allows you to return your trading account to the default settings. This includes starting Account Balance, Maximum Loss Limit, and Trading Days. Traders may purchase a Reset at any point during their subscription; unlimited amount of uses. You can purchase Resets directly on your dashboard. Reset Fees are the same price as your Monthly Evaluation Fee, so they differ based on account size. Resets DO NOT affect your monthly rebill date.

Alpha Futures Qualified Traders pay a one time activation fee of $149 per Qualified Account. The Activation Fee must be paid within 30 days after passing the Evaluation in order to receive access to a Qualified Account. After paying the Activation Fee, the Qualified Trader will receive access to their account in 1-2 business days.

Maximum Allocation on is 3 Qualified Accounts per user up to $450k since our largest account is $150k. There is no maximum amount of Evaluations you may have at once, but you may only have 3 Qualified Accounts at one time

Maximum Loss Limit (MLL)

The Maximum Loss Limit (MLL) is a trailing drawdown set at 4% of all account sizes here at Alpha Futures. This allows traders to pick whichever account size they please without having to change their style. Most of the industry operates with 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 like many others out there. See the example below to understand:

You start with a $50k 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.
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What happens if I hit the Maximum Loss Limit?

If you break MLL, 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 for funding opportunities. 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 at the end of that trading day.

Daily Loss Guard

The Daily Loss Limit also referred to as the Daily Loss Guard is a soft breach rule on Qualified Accounts only. If you hit the Daily Loss Guard, you do not lose your Qualified Account, but your account will be locked until the next trading day (6PM ET).

The Daily Loss Guard is 2% of account balance on all of our account sizes. If your open or closed (unrealized or realized) P&L at any point reaches -2% during the trading day, all open positions will be flattened, any pending orders will be canceled, and your account will be prevented from placing any new trades until the start of the next trading day.

This is in place because Alpha Futures don’t want to see our Qualified Traders losing their accounts in one day. Alpha Futures want to help them build consistency and discipline. The Daily Loss Guard is based on each trading day’s P&L, which includes simulated commissions, fees, and both unrealized and realized trade P&L.

You can monitor your Daily Loss Guard in your dashboard. Traders can also make their Daily Loss Guard a smaller value, to really minimize risk, if they’d like on Alpha Futures platform, AlphaTicks.

Daily Loss Guard by Account Size:

• 50K Qualified Account = -$1,000
• 100K Qualified Account = -$2,000
• 150K Qualified Account = -$3,000

Consistency Rule

To pass your Evaluation, your profits must be consistent. No single trading day can generate more than 50% of your total evaluation profits. If one day’s profits exceed this limit, you will fail the Evaluation. There is a 40% Consistency Rule on Qualified Accounts however.

The 40% Consistency Rule means that during the simulated funded stage, profits from one single trading day cannot be greater than or equal to 40% of total profits made.

You will not be eligible for a payout if any of your trading day profits are greater than or equal to 40% of total profits made. This value will always be visible in your dashboard, and your payout button/feature will not be available until this rule is satisfied.

If you make more than 40% in a single day, your account will NOT be breached, but you will need to continue to trade and make more profit until the rule is satisfied.

Scaling Plan

There is a time and place to size up as a trader, no doubt, but you should only begin doing it once you have built up some profit on your account. The Scaling Plan ensures you do not over leverage the account, and increase your buying power as the account grows.

Maximum positions with the Scaling Plan:

Account Size	50k	50k	100k	100k	150k	150k
Contracts	minis	micros	minis	micros	minis	micros
Less than $1,500 profit	2	20	3	30	3	30
$1,500-2,000 profit	3	30	4	40	4	40
$2,000-3,000 profit	5	50	5	50	5	50
$3,000-4,500 profit	5	50	10	100	10	100
$4,500+ profit	5	50	10	100	15	150

Trading Hours

Trading hours are 6PM EST to 5PM EST the next day in Futures. For example, the E-Mini S&P 500 Futures (ES) open Sunday night at 6PM EST, the daily candle then closes at 5PM EST on Monday. They are not open from Friday 5PM EST until Sunday at 6PM EST.​ You may begin trading at 6PM EST to start a new trading day, but all trades must be closed before 4:59PM EST every day. Alpha Futures will close the trades for you if you forget, but Alpha Futures recommend the trader closes themselves so they know their P&L in real time.

Certain trading practices can exploit the simulated environment, but lose when transferred to live markets. Alpha Futures intend to maintain the integrity of our simulated markets here at Alpha Futures. A small subset of traders, either inadvertently or with the intent to manipulate the system, engage in these practices, which are strictly prohibited at Alpha Futures.

Alpha Futures are committed to creating a sustainable and fair trading environment for all here at Alpha Futures, in which traders can build their skills and learn to become profitable.

Automate Trading

Alpha Futures enforces the following guidelines on automation to maintain a fair and transparent trading environment:

• Alpha Futures restricts the use of automated systems designed for high-frequency trading (HFT), particularly those resulting in over 100 trades per day.

• The use of AI, bots, and other automated trading mechanisms is strictly prohibited across all account types.

• Semi-Automated Trading is permissible under the condition that traders actively monitor, manually manage, and understand the system and semi-automation’s purpose.

• Any form of hands-off, continuous day and night trading, or any other type of full automation is strictly forbidden.

Prohibited Conduct

Alpha Futures emphasizes ethical trading practices and order management to ensure a stable and reliable trading environment:

• Simultaneously placing multiple limit orders at the same price to manipulate order fills is prohibited.

• “Reverse Trading”, meaning going short on one account, and long on the other is strictly prohibited at Evaluation and Qualified Phase.

• Initiating trades to profit from isolated fills in gapped or illiquid markets is not allowed.

• Exploiting the absence of slippage and utilizing tight brackets to gain from favorable fills are not permitted.

• All trading activities must adhere to CME Group’s rules and regulations.

• Collaborating with others to execute identical or opposite strategies across unconnected accounts is prohibited. Also referred to as “Group Trading”.
  

Alpha Futures holds the right to enforce strict consequences in the event of policy violation:

• Alpha Futures reserves the right to terminate agreements immediately in the event of any breach by the trader.

• Profits generated from prohibited trading practices will be void.

• All passed Evaluations are subject to review, and traders found guilty of policy ignorance or abuse will not advance to the Qualified phase.

Trade micros: On a 50k account you can trade up to 50 micro contracts, or 5 full size contracts. This allows traders to stick to their style, and manage risk effectively

Payout Policy

Alpha Futures payout policy is extremely straight forward; follow the rules and you will be paid out. No additional hoops to jump through or hidden denials. Make sure to review our News Trading Policy. There are no limits or thresholds that must be met for withdrawals, but Alpha Futures reward consistency. Traders can earn up to a 90% profit split with a tiered system:

• payouts 1 and 2: 70% profit split

• payouts 3 and 4: 80% profit split

• payouts 5+: 90%

• The minimum payout request is $200.

Traders may request payouts from their dashboard every 14 days from the start of their Qualified Account as long as the 40% Consistency Rule is satisfied. Payouts will be processed in 48 hours or less.

Realize your withdrawals contribute towards your Maximum Loss Limit. For example, let’s say you have grown your $50k account to $55,000, your MLL is $50,000. If you want to, you may withdraw all $5,000 of your profit and receive $4,500 (90%).

However, your account balance will now be $50,000 which would breach MLL and effectively close your account. Alpha Futures encourage traders to focus on longevity and pay themselves as they profit, rather than trying to catch one big day or week then close out the account.

Instrument

The CME Group Products are available to trade here at Alpha Futures. CME Group is made up of 4 major exchanges Chicago Mercantile Exchange (CME), Chicago Board of Trade (CBOT), New York Mercantile Exchange (NYMEX), and Commodity Exchange Inc (COMEX).

• Alpha Futures offer commission free trading on AlphaTicks, but there are regulatory fees.
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• There are no news trading restrictions for Evaluation Accounts. There are however for Qualified Accounts.

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

• Alpha Futures refer to the Economic Calendar in your Trader Hub on our platform, AlphaTicks. Anything with a red icon is considered high impact and this rule applies.

• If you are on another platform, this Calendar is pulled from Financial Juice.

Pros & Cons

Cons

Conclusion

Alpha Futures could be a good option for new traders who want to gain experience trading futures without using their own capital. However, it’s important to be aware of the limitations of simulated trading and to understand Alpha Futures’ evaluation process before applying for an account. The Prop Firm might be new in the Futures world but is well known with a great reputation in the Forex prop firm world with Alpha Capital. Its is also a great choice for trader with expereince that want to developpe their futures prop firm portfolio.

FAQ

How does Reset work ?

A Reset allows you to return your trading account to the default settings. This includes starting Account Balance, Maximum Loss Limit, and Trading Days. Traders may purchase a Reset at any point during their subscription; unlimited amount of uses. You can purchase Resets directly on your dashboard. Reset Fees are the same price as your Monthly Evaluation Fee, so they differ based on account size. Resets DO NOT affect your monthly rebill date.

What are the Activation Fee ?

Alpha FuturesQualified Traders pay a one time activation fee of $149 per Qualified Account. The Activation Fee must be paid within 30 days after passing the Evaluation in order to receive access to a Qualified Account. After paying the Activation Fee, the Qualified Trader will receive access to their account in 1-2 business days.

What are the Countries with Limitation?

Alpha Futures is available in more than 150 countries however we do have some limitations to countries that we can not provide our services to.

Afghanistan	Belarus	Burundi	Central African Republic	Chad	Democratic Republic of the Congo
Region of Crimea	Eritrea	Iran	Iraq	Cuba	North Korea
Libya	Myanmar	Somalia	Sudan	Russia	Republic of South Sudan
Syria	Yemen	Venezuela	Vietnam	Pakistan