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.
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 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:
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:
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
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.
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%).
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.
If you break MLL, your account will be liquidated. This means any attempted orders after the breach will not execute.
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:
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.
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:
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.
Alpha Futures enforces the following guidelines on automation to maintain a fair and transparent trading environment:
Alpha Futures emphasizes ethical trading practices and order management to ensure a stable and reliable trading environment:
Alpha Futures holds the right to enforce strict consequences in the event of policy violation:
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
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:
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.
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 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.
Account size up to:
15% Off with Coupon Code: PFP
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