Alpha Futures
Futures prop firmAlpha Futures is a futures prop firm built around a one-step evaluation on CME products like ES, NQ and CL. It advertises up to $750K in simulated funds, a 90% performance split and fast payout processing — with an end-of-day drawdown model that many futures traders prefer over trailing intraday rules.
Alpha is running 50% off all evaluations right now. Enter the code below at checkout to get it; it is not applied automatically (tested: $209 became $104.50). It is Alpha's current public promotion rather than an extra discount for coming through SMCM, and using our code pays us a commission at no extra cost to you. Seen on the Alpha Futures homepage on 2026-09-16. Offers change, so confirm the price before you pay.
YAKIR_SHIMON027707Quick facts
- Funding type
- One-step evaluation
- Markets
- CME futures (ES, NQ, CL and more)
- Max simulated capital
- Up to $750K
- Profit split
- 90% (most account types)
- Payout cap
- Up to $15,000 in performance fees per cycle
- Platforms
- AlphaTrader, Quantower, WealthCharts, Deepcharts
- Trustpilot
- 4.4 (~5.8k reviews)
Where you can trade
Alpha Futures says its traders are spread across 140+ countries. It publishes no restricted-country list, and its terms condition eligibility on residency: the services are intended for people over 18 "residing in the country for which the Services are available". Because there is no published list, confirm your own country with them directly before buying.
Checked by SMCM 2026-07-09. The provider's official list is authoritative and can change. See the official list ↗
Eligibility depends on your country of residence and which entity you are onboarded to, and can change. Always confirm you can open an account — and under which entity — on the provider's official site before funding.
Our take
Alpha Futures targets futures traders specifically, and it shows: one-step evaluations on CME index and energy contracts (ES, NQ, CL), an end-of-day drawdown instead of the harsher intraday trailing models, and and its own AlphaTrader platform alongside Quantower, WealthCharts and Deepcharts.
The headline terms: up to $750K in simulated capital, a 90% performance split on most account types, and payouts the firm says are processed within 48 business hours. The counterweights are the rules that decide whether you actually get there: a consistency rule and a daily loss guard, which reward steady sizing and punish streaky, all-in days.
It is a strong candidate for disciplined intraday futures traders who want a single evaluation phase and an EOD drawdown. If your style produces occasional outsized winning days, read the consistency rule closely before buying — that is the clause most likely to slow your payout.
Pros
- One-step evaluation — no second verification phase
- End-of-day drawdown (no intraday trailing)
- 90% performance split on most account types
- Fast payout processing (48 business hours claimed)
- AlphaTrader, Quantower, WealthCharts and Deepcharts support
Cons
- Consistency rule can delay payouts for streaky traders
- Futures only — no forex/CFD instruments
- Newer than the longest-standing prop firms
Rules by account type
Alpha states its objectives in dollars per account size. 50K is the one size all four account types offer, so it is the size shown here; the percentage of the starting balance is in brackets.
| Account | Profit target | Daily loss limit | Max loss limit | Min trading days |
|---|---|---|---|---|
| Zero — 50K | $3,000 (6%) | $1,000 (2%) — locks you out, does not fail you | $2,000 (4%) — EOD trailing, locks at start balance | None stated |
| Standard — 50K | $3,000 (6%) | None during the evaluation; $1,000 (2%) once qualified | $2,000 (4%) — EOD trailing, locks at start balance | None stated |
| Advanced — 50K | $4,000 (8%) | None at either stage | $1,750 (3.5%) — EOD trailing, locks at start balance | None stated |
| Direct — 50K | $3,000 to the first payout, $2,000 to each one after | $1,000 (2%) — locks you out, does not fail you | $2,000 (4%) — EOD trailing, locks at start balance | None — qualified from day one |
The same on every model
- The trail stops, and that is unusual
- The maximum loss follows your end-of-day balance high, never intraday equity — and Alpha states it stops trailing once it reaches the account's starting balance. On a 50K Zero account the level begins at $48,000 and rises with each new closing high until it reaches $50,000, where it stays for the life of the account. It is neither a fixed level nor one that follows you indefinitely.
- The daily limit is a lock-out, not a breach
- Alpha calls it the Daily Loss Guard and describes it as a soft breach: hitting it flattens your positions, cancels pending orders and blocks new trades until 6PM ET, but you keep the account. This is the opposite consequence to the same-named rule at firms where hitting it ends the evaluation — worth knowing before you assume the rules transfer.
- Does the open trade count?
- Yes, to both rules. The Daily Loss Guard is measured on the trading day's P&L including unrealised positions, commissions and fees; the maximum loss liquidates the account on floating equity or closed balance alike. Alpha also warns the Guard is a trigger for liquidation orders rather than a stop loss, so the fill will not be exactly the stated figure.
- Consistency differs by product, in both directions
- None on a Zero evaluation and 40% once qualified; 50% on a Standard evaluation and 40% once qualified; 40% on an Advanced evaluation and none once qualified; a flat 20% on Direct, which has no evaluation. Alpha states a Zero evaluation can therefore be passed in a single day.
- Requesting a payout
- On Zero, Standard and Advanced, up to four requests a month after every five winning days of $200 or more, capped at 50% of profit per request. Direct replaces the winning-day requirement with a withdrawal profit target that resets after each payout, with unused profit not carried over. The split is 90% on all four.
- Everything here is simulated
- Alpha states all accounts operate in a simulated trading environment and that traders earn a performance fee on simulated profits.
Read from Alpha Futures's published trading objectives on 2026-09-01. These change — check the current page for the product you are buying.
Full details
- Evaluation model
- One step — pass once, become a Qualified Trader
- Drawdown type
- End-of-day (EOD)
- Daily loss
- Daily Loss Guard applies — check current levels
- Consistency rule
- Applies — check the current threshold before buying
- Profit split
- 90% on most account types
- Payout timing
- Min ~5 days to first payout; processing within 48 business hours (claimed)
- Payout methods
- ACH, wire, Wise, Rise
- Activation fee
- $0–$149 depending on account type
- Max accounts
- 3
Who it may fit
- • Intraday futures traders (ES/NQ/CL) with steady risk sizing
- • Traders who want one evaluation phase and an EOD drawdown
Who should avoid it
- • Forex/CFD traders (futures only)
- • Traders whose profits come from a few outsized days (consistency rule)
FAQ
- What makes Alpha Futures different from forex prop firms?
- It is built for CME futures: evaluations run on contracts like ES, NQ and CL through its own AlphaTrader platform and third-party futures charting (Quantower, WealthCharts, Deepcharts), with an end-of-day drawdown model common in futures funding.
- How fast are payouts?
- The firm advertises payout processing within 48 business hours, with a minimum of around 5 days to the first payout. Confirm the current payout policy and any profit buffer on their site.
- Does Alpha Futures have a consistency rule?
- Yes — a consistency rule applies alongside the Daily Loss Guard. Check the current threshold before buying, especially if your P&L is concentrated in big single days.
Head-to-head comparisons
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Last checked: September 2026