Who Are Alpha Futures?
Alpha Futures is a London-based prop trading firm that specializes in offering futures traders funded accounts. The company makes money by providing trading capital to those who trade profitably, but as a result own no or lose their own capital and instead pay the company a portion of their earnings. Alpha Futures is one of the more popular futures prop firms that allows traders to fine-tune their strategies and expand their trading power as it provides mentorship, risk management tips, and exposure to advanced platforms such as AlphaTicks.
What Sets Alpha Futures Apart From Other Prop Firms?
What makes Alpha Futures stand out is its commitment to developing traders and ensuring strong risk management. The firm provides a solid 80% profit split, often one of the most extensive splits in the business to ensure traders keep the majority of their earnings. It also has highly enforced rules which are strict yet at the same time trader-friendly, including a daily loss limit and trailing drawdown so that traders know how to take responsibility and risk manage. A standout is zero commission fees, so trading is likely to be cheaper compared to most other companies on the list.
Alpha Futures is distinguished by its semi-automated trading where traders can use automation tools within defined limits, as well as its comprehensive list of educational resources, which covers everything from webinars to market analysis tools and mentoring.
The firm has strict guidelines, but as Alpha Futures executes robust risk management regulations, its traders are well-protected from any major losses and set up for long-term success. The firm also offers a 4% trailing drawdown and a 2% daily loss limit, which is key in helping traders keep their risk managed without over-leveraging. On top of that, Alpha Futures offers something called Daily Loss Guard, which will prevent traders from using their accounts further if they lose more than 2%. This acts as a safety net and prevents the trader from taking impulsive decisions in times of crisis, which may be the final blow to their account, killing discipline and consistency.
What Are the Options for Funded Accounts?
Alpha Futures helps traders progress to fully funded trading accounts of up to $450,000 via Alpha Futures. It consists of a demo account, and then you will start live trading if you pass the evaluation. Here’s an in-depth look at the options with a funded account at Alpha Futures:
Evaluation Accounts
The very first step to obtaining a funded account through Alpha Futures is by passing their evaluation phase. During this stage, traders are provided with a simulated account that has predetermined sizes ranging from $50,000 to as high as $150,000. The evaluation focuses on assessing whether traders can hit profit targets while adhering to specific risk management rules. Unlike other proprietary trading firms that require multi-step evaluations, Alpha Futures simplifies the process with a single-phase evaluation, allowing traders to complete the process in just one step.- Initial Account Size: Traders can start with either $50,000, $100,000, or $150,000 in a simulated account.
- Evaluation Rules: Compliance with a 4% trailing drawdown and 2% daily loss limit is required. Profit consistency is crucial, with a rule stating that no single trading day can account for more than 50% of the total profits.
Scaling Plan
When a trader successfully completes the evaluation and is consequently “funded,” they receive a live account. Initial daily loss and drawdown rules are the same, but once a buffer of profits is gained, traders can increase the size of their trades. The scaling is designed to reduce over-leverage and promote disciplined trading.- Initial Contract Sizes: Traders with a $50,000 account might start with 2 contracts, while those with a $150,000 account can trade up to 5 contracts.
- Scaling with Profits: Traders can increase their positions as they make profits. For instance, those earning between $1,500 and $2,000 on a $50,000 account can move up to 3 contracts. On larger accounts, traders can manage up to 15 contracts once profits reach $4,500, following the scaling plan.
Maximum Allocation
For the right type of trader, Alpha Futures can allow for substantial growth as the max allocation cap reaches $450,000. This is especially exciting for veteran traders who can meet the firm’s performance requirements. Such a scale is possible only with sustained profitability and by following the firm’s risk management rules.Reset and Reattempts
In this evaluation phase, traders can use unlimited resets and a safety net to keep track of their development where required. A trader can reset their account and complete another evaluation if they break any of the evaluation rules, without triggering any additional charges. This provides traders with a safety net, allowing them to continue refining their strategies without incurring extra costs.Funding Conditions
After successfully passing the evaluation and paying an activation fee, traders trade live in funded accounts. The firm is highly committed to risk management, using the same daily and trailing drawdown limits in live trading. However, on a live account, traders are also subject to additional limitations, such as being restricted from trading high-impact news within certain time ranges.Payouts and Profit Splits
Alpha Futures also offers an attractive competitive profit share model. Successful traders receive bi-weekly payouts worth up to 80% of the profit on their account, based on their success and account size. The profit split can increase to 90% for traders performing at the highest levels, making it one of the most generous models in the prop trading space. In summary, Alpha Futures provides flexible, scalable options for traders looking to access significant capital. The combination of a straightforward evaluation, a clear scaling plan, and unlimited resets makes it a trader-friendly firm, especially for those willing to build consistent profits over time. With account sizes starting at $50,000 and reaching up to $450,000, Alpha Futures offers an attractive platform for both novice and experienced futures traders.
Is Getting Funded on Alpha Futures Realistic?
Getting funded by Alpha Futures is achievable but requires discipline and consistency. It’s a single-step evaluation where you must hit your profit target while adhering to risk constraints, including a daily loss guard and a 4% maximum drawdown. Traders are also restricted by a 50% consistency rule, limiting how much profit can be made in a single day. For successful traders, Alpha Futures provides a straightforward payout system with bi-weekly payments and a competitive profit-sharing model. However, long-term success demands strict adherence to the firm’s rigorous risk management guidelines in live trading.What Brokers Does Alpha Futures Use?
Alpha Futures has its own trading platform called AlphaTicks, powered by TradingView for real-time data and advanced charting solutions. Alpha Futures also utilizes its proprietary trading model through Sim2Funded, a broker platform that supports futures trading across indices, commodities, and currencies from the CME Group.What Trading Instruments Do Alpha Futures Offer?
Alpha Futures offers only futures contracts and acts as a full broker for multiple instruments from the CME Group. These include popular indices such as the E-mini S&P 500 (ES), currencies, and commodities like gold, crude oil, interest rates, and metals. Traders can trade both full-size and micro contracts with very low trading costs, thanks to the firm’s zero-commission policy.What Are the Rules & Restrictions on Alpha Futures?
To promote self-discipline, Alpha Futures enforces several key rules:- Daily Loss Guard: If a trader loses over 2% of their account balance in a single day, the account is locked until the next day.
- Trailing Drawdown: Set at 4%, this helps to limit potential losses.
- Consistency Rule: For both evaluation and live accounts, no single day’s profits can exceed 50%.
- No Automated Trading: High-frequency or fully automated systems are prohibited. However, semi-automated systems are allowed if traders manage them manually.
What Leverage Can You Use on Alpha Futures?
Alpha Futures does not offer real leverage; instead, it limits the number of contracts traders can trade. For example, on a $50K account, traders can initially trade two contracts and increase as profits grow. According to the firm, scaling is “carefully controlled” to ensure traders don’t over-leverage their accounts.Alpha Futures Customer Support and Help
Contact Alpha Futures
Email: info@alpha-futures.comSocial Media Profiles
- Instagram profile with 4.1k followers
- X/Twitter profile has 3.1k followers
- YouTube channel has 303 subscribers and 22 videos
- Discord group with 2.9k members
Alpha Futures Trust Pilot Reviews
Conclusion
Alpha Futures stands out with a long-term focus on trader development, robust risk management, fair profit splits, and a transparent evaluation process. Its advanced technology, trader-friendly unlimited reset policy, and low costs make it a great option for futures trading. Whether you’re starting out and seeking mentorship or a professional trader looking for growth, Alpha Futures provides an excellent environment for success.
