Alpha Futures
One drawdown rule for all four products and both stages, and it is the good kind: it trails the daily close rather than live equity, and "Once the MLL reaches the initial starting balance, it won't continue to trail" — with a payout leaving it exactly where it is. What the firm cannot keep straight is its own paperwork. Two contracts are accepted at the same checkout: one gives the company registration number 15655643, the other 13719951, and where the Terms and the home page pay 90% from the first request, the General Services Agreement says "First two virtual payouts on the account the User receives a 70% Performance Fee".
The loss limit never tightens after the exam; two other rules do. The Standard evaluation has no daily limit and its funded account has 2% of the starting balance, and the Zero evaluation has no consistency rule while its funded account has 40%. Both are published before purchase, which is more than most of this market manages. Elsewhere the documents fight each other: the drawdown is "a trailing drawdown set at 4% of all account sizes" against tables that give Advanced 3.5%, the daily guard is "a soft breach rule on Qualified Analyst Accounts only" against a help-centre page saying "There is no Daily Loss Guard on Advanced Evaluations, but there is on Zero Evaluations", and the page headed Return Policy says "All sales are final, no refunds will be issued" over a contract granting fourteen days to withdraw. Clause 1.4 settles the parameter clashes in the marketing page's favour — "our Site shall take precedence" — so the text that binds carries no version and no date. Everything is simulated by the firm's own words. One figure this reading could not publish: all three of the contract's Standard withdrawal caps name a Zero account instead, and correcting a firm's sentence is not something this register does.
Not enough published data to simulate this firm’s floor.
This firm publishes its floor by account size — see the cited table below.
Judged, clean of all seven hard bars, and the scorecard still came in under the bar. Nothing here is an accusation — it is a firm we would not open an account with, and the card says on which axes it fell short.
What they published
“For the avoidance of doubt, you will never be provided with access to the live markets and/or control live funds through your use of the Services.”“First two virtual payouts on the account the User receives a 70% Performance Fee, virtual payouts 3 and 4 80%, virtual payouts 5+ on the account the User receives a 90% Performance Fee.”“There is no Daily Loss Guard on Advanced Evaluations, but there is on Zero Evaluations.”Scorecard
12Trails on daily closes only, then freezes at your starting balance
A named company, but no financial regulator anywhere — or a light-touch one only
Workable, but a cap or a waiting period bites
The risk rule changes after you have paid
Established, with a normal review profile
Each axis is scored 0–5 against a published scale. The line under each bar is the rung this firm landed on — not our summary of it, the scale entry itself.
Plan by plan
4 of this firm’s challenges were read plan by plan, with a citation behind every answer. See them side by side →
The one plan with nothing gating the money once funded: no consistency rule, no daily limit, no scaling ladder, and the same $1,750 loss limit on a $50K before and after the exam. The price is the hardest exam in the firm — 8% of profit through 3.5% of room — and the highest subscription, $209 to $489 a month.
The cheapest and simplest exam in the firm — 6% through 4%, one trading day, no consistency rule — and then the funded account adds a 40% consistency rule the evaluation never had. Per-request caps of $1,000 to $2,500 are the tightest here.
The same 6% target as Zero with a 50% consistency rule attached, and the only plan whose daily limit appears after the evaluation rather than during it: none in the exam, 2% of the starting balance once funded. Its per-request cap is the one number this reading could not publish — the contract prints three and names the wrong product on all three.
No evaluation, and no exam avoided either — it moved in front of the money. The first withdrawal on a $100K needs $6,000 of profit to release $2,500, no single day may be a fifth of the profit since the last request, and "Leftover profit from the previous cycle does not carry over".
Trustpilot
Trustpilot attaches this to the whole high-risk investment category. It says nothing about this firm in particular — several of the best-rated firms here carry it — and we do not score it.
What this firm published
Everything below is quoted from a page we opened, on the date shown. The quotes are in the firm’s own language, exactly as published — never edited, never shortened, never swapped for a translation. On the Spanish edition our own rendering appears underneath each one, unquoted and marked as ours: the quotation marks on this site mean the words are the firm’s, and nothing we wrote ever wears them. Where we have not read enough to put a number on an axis, we say so instead of guessing.
2/5
Can you even pass?
Almost nobody who pays for an evaluation ever reaches a funded account, so this is the part of the product most customers actually buy. Every firm advertises its profit target; none of them advertises that target next to how much you are allowed to lose while chasing it.
4/5
Can you keep the money?
The drawdown takes the account away; the payout rules take the money. Answered by whichever of the two we can measure and is worse — they are two ways of losing the same thing, so a good half cannot pay for a bad one.
3/5
Is anyone behind it?
A named company, a market, and rules you could read before paying. These three do not substitute for one another — a company you can sue does not stop existing because the account is a simulation — so this is the average of the ones we could measure, not the worst.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $1.52.40/8
“Zero Evaluation Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule 1 6% 4% 50k = 3 contracts/30 micros, 100k = 6 contracts/60 micros None starting at $79 2% of starting account balance None on Zero Evaluation”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.3/3
“(d) There are no time limits applicable to the Challenges, but you must ensure that all Challenge requirements continue to be achieved throughout the time in which you are taking part in a Challenge.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in1 days2/2
“Zero Evaluation Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule 1 6% 4% 50k = 3 contracts/30 micros, 100k = 6 contracts/60 micros None starting at $79 2% of starting account balance None on Zero Evaluation”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“Resets: A Reset allows you to return your Analyst Account to the default settings. This includes starting account balance, Maximum Loss Limit, and Trading Days. Analysts may purchase a Reset at any point during their subscription. 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. Further detail about our monthly evaluation fees can be found on our website.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target6%—
“Zero Evaluation Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule 1 6% 4% 50k = 3 contracts/30 micros, 100k = 6 contracts/60 micros None starting at $79 2% of starting account balance None on Zero Evaluation”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises with the day's closing balanceno change1.65/3
“How is it calculated? The MLL is calculated from your Alpha Futures Account balance high at the end of each trading day, not intraday equity high.”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingat your starting balance3/3
“Once the MLL 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.”The difference between a danger with an end date and one that never ends.
What the limit is measured againstlive equity, open trades includedno change1/2
“What happens if I hit the MLL? If you break MLL at any time, your Alpha Futures Account will be liquidated. This means any attempted orders after the breach will not execute. Hitting the MLL on an Analyst Account means that account will no longer be eligible for funding opportunities.”“What happens if I hit the MLL? If you break MLL at any time, your Alpha Futures Account will be liquidated. This means any attempted orders after the breach will not execute. Hitting the MLL on an Analyst 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 a Qualified Analysts Account means such account has been breached and will be closed at the end of that trading day.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitnothing — the limit stays where it was2/2
“Your Maximum Loss Limit stays intact from the date of your withdrawal, so you keep your runway after you receive your performance fee. Most futures prop firms reset your buffer the second you withdraw. We don't.”Taking your money out should not leave you closer to losing the account.
Daily limit2%, measured on live equity, open trades includedno change0.30/2
“The Daily Loss Limit also referred to as the Daily Loss Guard is a soft breach rule on Alpha Futures Accounts. If you hit the Daily Loss Guard, you do not lose your Account, but your account will be locked until the next trading day (6PM ET). There is no Daily Loss Guard on Advanced Evaluations, but there is on Zero Evaluations. The Daily Loss Guard is 2% of starting account balance on Zero Accounts. Daily Loss Guard by Zero Account Size: 25k Zero Account = $500 50K Zero Account = -$1,000 100K Zero Account = -$2,000 Advanced Accounts, there is no preset Daily Loss Guard, but traders may set one themselves at any time in their trading platform. 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.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed4%no change0.25/1
“Zero Evaluation Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule 1 6% 4% 50k = 3 contracts/30 micros, 100k = 6 contracts/60 micros None starting at $79 2% of starting account balance None on Zero Evaluation”“Account Type Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule Standard Qualified 5 None 3-4% Scaling Plan to 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split $599-$999 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Advanced Qualified 5 None 4% 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split None None None on Advanced Qualified Accounts Zero Qualified 5 None 4% Scaling Plan to 50k = 3 contracts/30 micros, 100k = 6 contracts/60 micros 90% split $399-$799 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Direct Qualified 5 6% for first withdrawal, 4% for second and future withdrawals 3-4% 25k = 2 contracts/20 micros, 50k = 4 contracts/40 micros, 100k = 8 contracts/80 micros, 150k = 10 contracts/100 micros 90% None 2% of starting account balance. This is NOT a fail, it just locks your account for the day 20% — One trading day cannot amount to more than 20% of your overall profit before payout request. This is tracked on your dashboard.”How much room you have. Worth little, because almost every firm offers the same.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe day count starts over · the consistency calculation starts over1.50/3
“The winning trading days do not need to be consecutive, but 5 need to be accumulated between each withdrawal request.”“There is a 40% Consistency Rule on Zero and Standard Qualified Analyst Accounts. 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 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. This rule resets in between each successful withdrawal request.”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey state there is none.it delays the payout2.10/3
“Zero Evaluation Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule 1 6% 4% 50k = 3 contracts/30 micros, 100k = 6 contracts/60 micros None starting at $79 2% of starting account balance None on Zero Evaluation”“There is a 40% Consistency Rule on Zero and Standard Qualified Analyst Accounts. 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 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. This rule resets in between each successful withdrawal request.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“1.2.2. We may use analysis shared by Users in the form of virtual trades (the “Analysis”) for our own purposes including Proprietary Trading and in our sole discretion provide Analyst Performance Fees to Qualified Analysts.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money5 days2/2
“Traders have the ability to pay themselves up to 4 times a month. Request every 5 winning trading days of $200 profit, or more.”How long your money is theirs.
Most one withdrawal can pay you2.5% of the account, at worst0.50/2
“Traders that choose the Zero Account must also adhere to a 40% Consistency Rule to be eligible for a withdrawal request. The minimum withdrawal request on Zero Accounts is $200: 25k Zero Qualified Account maximum withdrawal is $1,000 50k Zero Qualified Account maximum withdrawal is $1,500 100k Zero Qualified Account maximum withdrawal is $2,500”$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey state there is none.1/1
“1.3.1. once an Analyst becomes a Qualified Analyst and is provided with a Qualified Analyst Account, there are no Sim Profit Targets that need to be met nor does a Qualified Analyst have to reach a minimum Sim Profit Target before requesting a withdrawal of Analyst Performance Fees on a Qualified Analyst Account;”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.you may not open around a release—
“There are no news trading restrictions for any Evaluation Analyst Accounts.”“Zero, Standard, and Direct Qualified Accounts: You may hold through news releases following your trading plan, but no orders may be executed within 2 minutes before or 2 minutes after high impact news events.”Minimum time a trade must be heldThey state there is none.no change—
“Consistently just opening and closing positions less than 2 minutes to make profits without any plan. There is no "must hold past X minutes" rule, and we understand that market volatility takes over sometimes. This is only an issue when it is a large sum of the analyst's profit. Taking max leverage positions then quickly closing with a favorable fill is taking advantage of the sim environment.”Forced close before the weekendnothing may stay open over the weekendno change—
“All trades must be closed before 4:20pm ET each day on both Analyst Accounts and Qualified Analyst Accounts.”LeverageNo such thing in this plan.no change—
“(c) Zero accounts: 50k = 3 contracts/30 micros, 100k = 6 contracts/60micros.”“Account Type Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule Standard Qualified 5 None 3-4% Scaling Plan to 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split $599-$999 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Advanced Qualified 5 None 4% 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split None None None on Advanced Qualified Accounts Zero Qualified 5 None 4% Scaling Plan to 50k = 3 contracts/30 micros, 100k = 6 contracts/60 micros 90% split $399-$799 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Direct Qualified 5 6% for first withdrawal, 4% for second and future withdrawals 3-4% 25k = 2 contracts/20 micros, 50k = 4 contracts/40 micros, 100k = 8 contracts/80 micros, 150k = 10 contracts/100 micros 90% None 2% of starting account balance. This is NOT a fail, it just locks your account for the day 20% — One trading day cannot amount to more than 20% of your overall profit before payout request. This is tracked on your dashboard.”Limit on position size1 · 3 · 63 · 6—
“25K Zero Eval $79/month Minimum Trading Days 1 Profit target $1500 Maximum Position Size 1 mini / 10 micros Maximum Drawdown $1000 Resets $69 Daily Loss Guard $500 Consistency Rule None View Qualified Rules Get Started 25K Zero Qualified $79/month Minimum Trading Days 5 Profit target None Maximum Position Size 1 mini / 10 micros Maximum Drawdown $1000 Resets $399 Daily Loss Guard $500 Consistency Rule 40% Max Payout $1,000 View Evaluation Rules Get Started 50K Zero Eval $119/month Minimum Trading Days 1 Profit target $3000 Maximum Position Size 3 minis / 30 micros Maximum Drawdown $2000 Resets $109 Daily Loss Guard $1000 Consistency Rule None View Qualified Rules Get Started 50K Zero Qualified $119/month Minimum Trading Days 5 Profit target None Maximum Position Size 3 minis / 30 micros Maximum Drawdown $2000 Resets $499 Daily Loss Guard $1000 Consistency Rule 40% Max Payout $1,500 View Evaluation Rules Get Started 100K Zero Eval $239/month Minimum Trading Days 1 Profit target $6000 Maximum Position Size 6 minis / 60 micros Maximum Drawdown $3000 Resets $219 Daily Loss Guard $2000 Consistency Rule None View Qualified Rules Get Started 100K Zero Qualified $239/month Minimum Trading Days 5 Profit target None Maximum Position Size 6 minis / 60 micros Maximum Drawdown $3000 Resets $799 Daily Loss Guard $2000 Consistency Rule 40% Max Payout $2,500”“Account Type Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule Standard Qualified 5 None 3-4% Scaling Plan to 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split $599-$999 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Advanced Qualified 5 None 4% 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split None None None on Advanced Qualified Accounts Zero Qualified 5 None 4% Scaling Plan to 50k = 3 contracts/30 micros, 100k = 6 contracts/60 micros 90% split $399-$799 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Direct Qualified 5 6% for first withdrawal, 4% for second and future withdrawals 3-4% 25k = 2 contracts/20 micros, 50k = 4 contracts/40 micros, 100k = 8 contracts/80 micros, 150k = 10 contracts/100 micros 90% None 2% of starting account balance. This is NOT a fail, it just locks your account for the day 20% — One trading day cannot amount to more than 20% of your overall profit before payout request. This is tracked on your dashboard.”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growprofit—
“We are firm believers here at Alpha Futures in “earn your large positions”. 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.”How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsThey state there is none.—
“For the avoidance of doubt, you will never be provided with access to the live markets and/or control live funds through your use of the Services.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $1.52.40/8
“Standard Evaluation Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule 2 6% 3-4% 50k = 5 contracts/50 micros, 100k =10 contracts/100 micros, 150k = 15 contracts/150 micros None starting at $109 None 50% — One trading day cannot amount to more than 50% of your overall profit before passing. This is tracked on your dashboard.”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.3/3
“(d) There are no time limits applicable to the Challenges, but you must ensure that all Challenge requirements continue to be achieved throughout the time in which you are taking part in a Challenge.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in2 days2/2
“Standard Evaluation Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule 2 6% 3-4% 50k = 5 contracts/50 micros, 100k =10 contracts/100 micros, 150k = 15 contracts/150 micros None starting at $109 None 50% — One trading day cannot amount to more than 50% of your overall profit before passing. This is tracked on your dashboard.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“Resets: A Reset allows you to return your Analyst Account to the default settings. This includes starting account balance, Maximum Loss Limit, and Trading Days. Analysts may purchase a Reset at any point during their subscription. 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. Further detail about our monthly evaluation fees can be found on our website.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target6%—
“Standard Evaluation Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule 2 6% 3-4% 50k = 5 contracts/50 micros, 100k =10 contracts/100 micros, 150k = 15 contracts/150 micros None starting at $109 None 50% — One trading day cannot amount to more than 50% of your overall profit before passing. This is tracked on your dashboard.”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises with the day's closing balanceno change1.65/3
“How is it calculated? The MLL is calculated from your Alpha Futures Account balance high at the end of each trading day, not intraday equity high.”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingat your starting balance3/3
“Once the MLL 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.”The difference between a danger with an end date and one that never ends.
What the limit is measured againstlive equity, open trades includedno change1/2
“What happens if I hit the MLL? If you break MLL at any time, your Alpha Futures Account will be liquidated. This means any attempted orders after the breach will not execute. Hitting the MLL on an Analyst Account means that account will no longer be eligible for funding opportunities.”“What happens if I hit the MLL? If you break MLL at any time, your Alpha Futures Account will be liquidated. This means any attempted orders after the breach will not execute. Hitting the MLL on an Analyst 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 a Qualified Analysts Account means such account has been breached and will be closed at the end of that trading day.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitnothing — the limit stays where it was2/2
“Your Maximum Loss Limit stays intact from the date of your withdrawal, so you keep your runway after you receive your performance fee. Most futures prop firms reset your buffer the second you withdraw. We don't.”Taking your money out should not leave you closer to losing the account.
Daily limitThey state there is none.2%, measured on live equity, open trades included0.30/2
“50K Standard Eval $129/month Minimum Trading Days 2 Profit target $3000 Maximum Position Size 5 minis / 50 micros Maximum Drawdown $2000 Resets $109 Daily Loss Guard None Consistency Rule 50% View Qualified Rules Get Started 50K Standard Qualified $129/month Minimum Trading Days 5 Profit target None Maximum Position Size 5 minis / 50 micros Maximum Drawdown $2000 Resets $599 Daily Loss Guard $1000 Consistency Rule 40% Max Payout $3,000 View Evaluation Rules Get Started 100K Standard Eval $239/month Minimum Trading Days 2 Profit target $6000 Maximum Position Size 10 minis / 100 micros Maximum Drawdown $3000 Resets $199 Daily Loss Guard None Consistency Rule 50% View Qualified Rules Get Started 100K Standard Qualified $239/month Minimum Trading Days 5 Profit target None Maximum Position Size 10 minis / 100 micros Maximum Drawdown $3000 Resets $799 Daily Loss Guard $2000 Consistency Rule 40% Max Payout $4,000 View Evaluation Rules Get Started 150K Standard Eval $349/month Minimum Trading Days 2 Profit target $9000 Maximum Position Size 15 minis / 150 micros Maximum Drawdown $4500 Resets $289 Daily Loss Guard None Consistency Rule 50% View Qualified Rules Get Started 150K Standard Qualified $349/month Minimum Trading Days 5 Profit target None Maximum Position Size 15 minis / 150 micros Maximum Drawdown $4500 Resets $999 Daily Loss Guard $3000 Consistency Rule 40% Max Payout $5,000”“The Daily Loss Limit also referred to as the Daily Loss Guard is a soft breach rule on Alpha Futures Accounts. If you hit the Daily Loss Guard, you do not lose your Account, but your account will be locked until the next trading day (6PM ET). There is no Daily Loss Guard on Advanced Evaluations, but there is on Zero Evaluations. The Daily Loss Guard is 2% of starting account balance on Zero Accounts. Daily Loss Guard by Zero Account Size: 25k Zero Account = $500 50K Zero Account = -$1,000 100K Zero Account = -$2,000 Advanced Accounts, there is no preset Daily Loss Guard, but traders may set one themselves at any time in their trading platform. 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.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed4%no change0.25/1
“50K Standard Eval $129/month Minimum Trading Days 2 Profit target $3000 Maximum Position Size 5 minis / 50 micros Maximum Drawdown $2000 Resets $109 Daily Loss Guard None Consistency Rule 50% View Qualified Rules Get Started 50K Standard Qualified $129/month Minimum Trading Days 5 Profit target None Maximum Position Size 5 minis / 50 micros Maximum Drawdown $2000 Resets $599 Daily Loss Guard $1000 Consistency Rule 40% Max Payout $3,000 View Evaluation Rules Get Started 100K Standard Eval $239/month Minimum Trading Days 2 Profit target $6000 Maximum Position Size 10 minis / 100 micros Maximum Drawdown $3000 Resets $199 Daily Loss Guard None Consistency Rule 50% View Qualified Rules Get Started 100K Standard Qualified $239/month Minimum Trading Days 5 Profit target None Maximum Position Size 10 minis / 100 micros Maximum Drawdown $3000 Resets $799 Daily Loss Guard $2000 Consistency Rule 40% Max Payout $4,000 View Evaluation Rules Get Started 150K Standard Eval $349/month Minimum Trading Days 2 Profit target $9000 Maximum Position Size 15 minis / 150 micros Maximum Drawdown $4500 Resets $289 Daily Loss Guard None Consistency Rule 50% View Qualified Rules Get Started 150K Standard Qualified $349/month Minimum Trading Days 5 Profit target None Maximum Position Size 15 minis / 150 micros Maximum Drawdown $4500 Resets $999 Daily Loss Guard $3000 Consistency Rule 40% Max Payout $5,000”How much room you have. Worth little, because almost every firm offers the same.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe day count starts over · the consistency calculation starts over1.50/3
“The winning trading days do not need to be consecutive, but 5 need to be accumulated between each withdrawal request.”“There is a 40% Consistency Rule on Zero and Standard Qualified Analyst Accounts. 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 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. This rule resets in between each successful withdrawal request.”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsit delays the payoutno change2.10/3
“Consistency Rule: The consistency rule on standard accounts is 50%. This means that during your evaluation, profits from one single trading day cannot be larger than 50% of your total profits made. The consistency rule on advanced accounts is 40%. This means that during your evaluation, profits from one single trading day cannot be larger than 40% of your total profits made. You will not pass your evaluation Challenge until this rule is satisfied.”“There is a 40% Consistency Rule on Zero and Standard Qualified Analyst Accounts. 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 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. This rule resets in between each successful withdrawal request.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“1.2.2. We may use analysis shared by Users in the form of virtual trades (the “Analysis”) for our own purposes including Proprietary Trading and in our sole discretion provide Analyst Performance Fees to Qualified Analysts.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money5 days2/2
“Traders have the ability to pay themselves up to 4 times a month. Request every 5 winning trading days of $200 profit, or more.”How long your money is theirs.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey state there is none.1/1
“1.3.1. once an Analyst becomes a Qualified Analyst and is provided with a Qualified Analyst Account, there are no Sim Profit Targets that need to be met nor does a Qualified Analyst have to reach a minimum Sim Profit Target before requesting a withdrawal of Analyst Performance Fees on a Qualified Analyst Account;”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
Most one withdrawal can pay you
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.you may not open around a release—
“There are no news trading restrictions for any Evaluation Analyst Accounts.”“Zero, Standard, and Direct Qualified Accounts: You may hold through news releases following your trading plan, but no orders may be executed within 2 minutes before or 2 minutes after high impact news events.”Minimum time a trade must be heldThey state there is none.no change—
“Consistently just opening and closing positions less than 2 minutes to make profits without any plan. There is no "must hold past X minutes" rule, and we understand that market volatility takes over sometimes. This is only an issue when it is a large sum of the analyst's profit. Taking max leverage positions then quickly closing with a favorable fill is taking advantage of the sim environment.”Forced close before the weekendnothing may stay open over the weekendno change—
“All trades must be closed before 4:20pm ET each day on both Analyst Accounts and Qualified Analyst Accounts.”LeverageNo such thing in this plan.no change—
“(a) Standard accounts: 50k = 5 contracts/50 micros, 100k = 10 contracts/10 micros, 150k = 15 contracts/150 micros.”“Account Type Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule Standard Qualified 5 None 3-4% Scaling Plan to 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split $599-$999 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Advanced Qualified 5 None 4% 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split None None None on Advanced Qualified Accounts Zero Qualified 5 None 4% Scaling Plan to 50k = 3 contracts/30 micros, 100k = 6 contracts/60 micros 90% split $399-$799 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Direct Qualified 5 6% for first withdrawal, 4% for second and future withdrawals 3-4% 25k = 2 contracts/20 micros, 50k = 4 contracts/40 micros, 100k = 8 contracts/80 micros, 150k = 10 contracts/100 micros 90% None 2% of starting account balance. This is NOT a fail, it just locks your account for the day 20% — One trading day cannot amount to more than 20% of your overall profit before payout request. This is tracked on your dashboard.”Limit on position size5 · 10 · 15no change—
“50K Standard Eval $129/month Minimum Trading Days 2 Profit target $3000 Maximum Position Size 5 minis / 50 micros Maximum Drawdown $2000 Resets $109 Daily Loss Guard None Consistency Rule 50% View Qualified Rules Get Started 50K Standard Qualified $129/month Minimum Trading Days 5 Profit target None Maximum Position Size 5 minis / 50 micros Maximum Drawdown $2000 Resets $599 Daily Loss Guard $1000 Consistency Rule 40% Max Payout $3,000 View Evaluation Rules Get Started 100K Standard Eval $239/month Minimum Trading Days 2 Profit target $6000 Maximum Position Size 10 minis / 100 micros Maximum Drawdown $3000 Resets $199 Daily Loss Guard None Consistency Rule 50% View Qualified Rules Get Started 100K Standard Qualified $239/month Minimum Trading Days 5 Profit target None Maximum Position Size 10 minis / 100 micros Maximum Drawdown $3000 Resets $799 Daily Loss Guard $2000 Consistency Rule 40% Max Payout $4,000 View Evaluation Rules Get Started 150K Standard Eval $349/month Minimum Trading Days 2 Profit target $9000 Maximum Position Size 15 minis / 150 micros Maximum Drawdown $4500 Resets $289 Daily Loss Guard None Consistency Rule 50% View Qualified Rules Get Started 150K Standard Qualified $349/month Minimum Trading Days 5 Profit target None Maximum Position Size 15 minis / 150 micros Maximum Drawdown $4500 Resets $999 Daily Loss Guard $3000 Consistency Rule 40% Max Payout $5,000”“Account Type Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule Standard Qualified 5 None 3-4% Scaling Plan to 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split $599-$999 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Advanced Qualified 5 None 4% 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split None None None on Advanced Qualified Accounts Zero Qualified 5 None 4% Scaling Plan to 50k = 3 contracts/30 micros, 100k = 6 contracts/60 micros 90% split $399-$799 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Direct Qualified 5 6% for first withdrawal, 4% for second and future withdrawals 3-4% 25k = 2 contracts/20 micros, 50k = 4 contracts/40 micros, 100k = 8 contracts/80 micros, 150k = 10 contracts/100 micros 90% None 2% of starting account balance. This is NOT a fail, it just locks your account for the day 20% — One trading day cannot amount to more than 20% of your overall profit before payout request. This is tracked on your dashboard.”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growprofit—
“We are firm believers here at Alpha Futures in “earn your large positions”. 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.”How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsThey state there is none.—
“For the avoidance of doubt, you will never be provided with access to the live markets and/or control live funds through your use of the Services.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $2.30/8
“Advanced Evaluation Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule 2 8% 3.5% 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros None starting at $189 None 40% — One trading day cannot amount to more than 40% of your overall profit before passing. This is tracked on your dashboard.”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.3/3
“(d) There are no time limits applicable to the Challenges, but you must ensure that all Challenge requirements continue to be achieved throughout the time in which you are taking part in a Challenge.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in3 days2/2
“50K Advanced Eval $209/month Minimum Trading Days 3 Profit target $4000 Maximum Position Size 5 minis / 50 micros Maximum Drawdown $1750 Resets $189 Daily Loss Guard None Consistency Rule 40% View Qualified Rules Get Started 50K Advanced Qualified $209/month Minimum Trading Days 5 Profit target None Maximum Position Size 5 minis / 50 micros (No Scaling Plan!) Maximum Drawdown $1750 Resets None Daily Loss Guard None Consistency Rule None Max Payout $15,000 View Evaluation Rules Get Started 100K Advanced Eval $349/month Minimum Trading Days 3 Profit target $8000 Maximum Position Size 10 minis / 100 micros Maximum Drawdown $3500 Resets $319 Daily Loss Guard None Consistency Rule 40% View Qualified Rules Get Started 100K Advanced Qualified $349/month Minimum Trading Days 5 Profit target None Maximum Position Size 10 minis / 100 micros (No Scaling Plan!) Maximum Drawdown $3500 Resets None Daily Loss Guard None Consistency Rule None Max Payout $15,000 View Evaluation Rules Get Started 150K Advanced Eval $489/month Minimum Trading Days 3 Profit target $12000 Maximum Position Size 15 minis / 150 micros Maximum Drawdown $5250 Resets $449 Daily Loss Guard None Consistency Rule 40% View Qualified Rules Get Started 150K Advanced Qualified $489/month Minimum Trading Days 5 Profit target None Maximum Position Size 15 minis / 150 micros (No Scaling Plan!) Maximum Drawdown $5250 Resets None Daily Loss Guard None Consistency Rule None Max Payout $15,000”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“Resets: A Reset allows you to return your Analyst Account to the default settings. This includes starting account balance, Maximum Loss Limit, and Trading Days. Analysts may purchase a Reset at any point during their subscription. 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. Further detail about our monthly evaluation fees can be found on our website.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target8%—
“Advanced Evaluation Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule 2 8% 3.5% 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros None starting at $189 None 40% — One trading day cannot amount to more than 40% of your overall profit before passing. This is tracked on your dashboard.”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises with the day's closing balanceno change1.65/3
“How is it calculated? The MLL is calculated from your Alpha Futures Account balance high at the end of each trading day, not intraday equity high.”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingat your starting balance3/3
“Once the MLL 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.”The difference between a danger with an end date and one that never ends.
What the limit is measured againstlive equity, open trades includedno change1/2
“What happens if I hit the MLL? If you break MLL at any time, your Alpha Futures Account will be liquidated. This means any attempted orders after the breach will not execute. Hitting the MLL on an Analyst Account means that account will no longer be eligible for funding opportunities.”“What happens if I hit the MLL? If you break MLL at any time, your Alpha Futures Account will be liquidated. This means any attempted orders after the breach will not execute. Hitting the MLL on an Analyst 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 a Qualified Analysts Account means such account has been breached and will be closed at the end of that trading day.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitnothing — the limit stays where it was2/2
“Your Maximum Loss Limit stays intact from the date of your withdrawal, so you keep your runway after you receive your performance fee. Most futures prop firms reset your buffer the second you withdraw. We don't.”Taking your money out should not leave you closer to losing the account.
Daily limitThey state there is none.no change2/2
“There is no Daily Loss Guard on Advanced Evaluations, but there is on Zero Evaluations.”“Advanced Accounts, there is no preset Daily Loss Guard, but traders may set one themselves at any time in their trading platform.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed3.5%no change0/1
“Advanced Evaluation Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule 2 8% 3.5% 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros None starting at $189 None 40% — One trading day cannot amount to more than 40% of your overall profit before passing. This is tracked on your dashboard.”“50K Advanced Eval $209/month Minimum Trading Days 3 Profit target $4000 Maximum Position Size 5 minis / 50 micros Maximum Drawdown $1750 Resets $189 Daily Loss Guard None Consistency Rule 40% View Qualified Rules Get Started 50K Advanced Qualified $209/month Minimum Trading Days 5 Profit target None Maximum Position Size 5 minis / 50 micros (No Scaling Plan!) Maximum Drawdown $1750 Resets None Daily Loss Guard None Consistency Rule None Max Payout $15,000 View Evaluation Rules Get Started 100K Advanced Eval $349/month Minimum Trading Days 3 Profit target $8000 Maximum Position Size 10 minis / 100 micros Maximum Drawdown $3500 Resets $319 Daily Loss Guard None Consistency Rule 40% View Qualified Rules Get Started 100K Advanced Qualified $349/month Minimum Trading Days 5 Profit target None Maximum Position Size 10 minis / 100 micros (No Scaling Plan!) Maximum Drawdown $3500 Resets None Daily Loss Guard None Consistency Rule None Max Payout $15,000 View Evaluation Rules Get Started 150K Advanced Eval $489/month Minimum Trading Days 3 Profit target $12000 Maximum Position Size 15 minis / 150 micros Maximum Drawdown $5250 Resets $449 Daily Loss Guard None Consistency Rule 40% View Qualified Rules Get Started 150K Advanced Qualified $489/month Minimum Trading Days 5 Profit target None Maximum Position Size 15 minis / 150 micros (No Scaling Plan!) Maximum Drawdown $5250 Resets None Daily Loss Guard None Consistency Rule None Max Payout $15,000”How much room you have. Worth little, because almost every firm offers the same.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe day count starts over1.50/3
“The winning trading days do not need to be consecutive, but 5 need to be accumulated between each withdrawal request.”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsit delays the payoutThey state there is none.3/3
“Consistency Rule: The consistency rule on standard accounts is 50%. This means that during your evaluation, profits from one single trading day cannot be larger than 50% of your total profits made. The consistency rule on advanced accounts is 40%. This means that during your evaluation, profits from one single trading day cannot be larger than 40% of your total profits made. You will not pass your evaluation Challenge until this rule is satisfied.”“There is NO Consistency Rule on Advanced Qualified Analyst Accounts.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“1.2.2. We may use analysis shared by Users in the form of virtual trades (the “Analysis”) for our own purposes including Proprietary Trading and in our sole discretion provide Analyst Performance Fees to Qualified Analysts.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money5 days2/2
“Traders have the ability to pay themselves up to 4 times a month. Request every 5 winning trading days of $200 profit, or more.”How long your money is theirs.
Most one withdrawal can pay you10.0% of the account, at worst2/2
“50K Advanced Eval $209/month Minimum Trading Days 3 Profit target $4000 Maximum Position Size 5 minis / 50 micros Maximum Drawdown $1750 Resets $189 Daily Loss Guard None Consistency Rule 40% View Qualified Rules Get Started 50K Advanced Qualified $209/month Minimum Trading Days 5 Profit target None Maximum Position Size 5 minis / 50 micros (No Scaling Plan!) Maximum Drawdown $1750 Resets None Daily Loss Guard None Consistency Rule None Max Payout $15,000 View Evaluation Rules Get Started 100K Advanced Eval $349/month Minimum Trading Days 3 Profit target $8000 Maximum Position Size 10 minis / 100 micros Maximum Drawdown $3500 Resets $319 Daily Loss Guard None Consistency Rule 40% View Qualified Rules Get Started 100K Advanced Qualified $349/month Minimum Trading Days 5 Profit target None Maximum Position Size 10 minis / 100 micros (No Scaling Plan!) Maximum Drawdown $3500 Resets None Daily Loss Guard None Consistency Rule None Max Payout $15,000 View Evaluation Rules Get Started 150K Advanced Eval $489/month Minimum Trading Days 3 Profit target $12000 Maximum Position Size 15 minis / 150 micros Maximum Drawdown $5250 Resets $449 Daily Loss Guard None Consistency Rule 40% View Qualified Rules Get Started 150K Advanced Qualified $489/month Minimum Trading Days 5 Profit target None Maximum Position Size 15 minis / 150 micros (No Scaling Plan!) Maximum Drawdown $5250 Resets None Daily Loss Guard None Consistency Rule None Max Payout $15,000”$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey state there is none.2/2
“The minimum withdrawal request on Advanced Qualified Accounts is $1,000, maximum is industry leading $15,000 on all Advanced Account sizes. There is no Consistency Rule on Advanced Qualified Accounts.”Profit required before the first requestThey state there is none.1/1
“1.3.1. once an Analyst becomes a Qualified Analyst and is provided with a Qualified Analyst Account, there are no Sim Profit Targets that need to be met nor does a Qualified Analyst have to reach a minimum Sim Profit Target before requesting a withdrawal of Analyst Performance Fees on a Qualified Analyst Account;”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.no change—
“There are no news trading restrictions for any Evaluation Analyst Accounts.”“Advanced Qualified Accounts do not have News Trading Restrictions, but please review the Prohibited Trading Practices. An "all or nothing" approach or gambling tendencies still will not be tolerated at any time, especially during high volatility events.”Minimum time a trade must be heldThey state there is none.no change—
“Consistently just opening and closing positions less than 2 minutes to make profits without any plan. There is no "must hold past X minutes" rule, and we understand that market volatility takes over sometimes. This is only an issue when it is a large sum of the analyst's profit. Taking max leverage positions then quickly closing with a favorable fill is taking advantage of the sim environment.”Forced close before the weekendnothing may stay open over the weekendno change—
“All trades must be closed before 4:20pm ET each day on both Analyst Accounts and Qualified Analyst Accounts.”LeverageNo such thing in this plan.no change—
“(b) Advanced accounts: 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros.”“Account Type Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule Standard Qualified 5 None 3-4% Scaling Plan to 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split $599-$999 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Advanced Qualified 5 None 4% 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split None None None on Advanced Qualified Accounts Zero Qualified 5 None 4% Scaling Plan to 50k = 3 contracts/30 micros, 100k = 6 contracts/60 micros 90% split $399-$799 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Direct Qualified 5 6% for first withdrawal, 4% for second and future withdrawals 3-4% 25k = 2 contracts/20 micros, 50k = 4 contracts/40 micros, 100k = 8 contracts/80 micros, 150k = 10 contracts/100 micros 90% None 2% of starting account balance. This is NOT a fail, it just locks your account for the day 20% — One trading day cannot amount to more than 20% of your overall profit before payout request. This is tracked on your dashboard.”Limit on position size5 · 10 · 15no change—
“50K Advanced Eval $209/month Minimum Trading Days 3 Profit target $4000 Maximum Position Size 5 minis / 50 micros Maximum Drawdown $1750 Resets $189 Daily Loss Guard None Consistency Rule 40% View Qualified Rules Get Started 50K Advanced Qualified $209/month Minimum Trading Days 5 Profit target None Maximum Position Size 5 minis / 50 micros (No Scaling Plan!) Maximum Drawdown $1750 Resets None Daily Loss Guard None Consistency Rule None Max Payout $15,000 View Evaluation Rules Get Started 100K Advanced Eval $349/month Minimum Trading Days 3 Profit target $8000 Maximum Position Size 10 minis / 100 micros Maximum Drawdown $3500 Resets $319 Daily Loss Guard None Consistency Rule 40% View Qualified Rules Get Started 100K Advanced Qualified $349/month Minimum Trading Days 5 Profit target None Maximum Position Size 10 minis / 100 micros (No Scaling Plan!) Maximum Drawdown $3500 Resets None Daily Loss Guard None Consistency Rule None Max Payout $15,000 View Evaluation Rules Get Started 150K Advanced Eval $489/month Minimum Trading Days 3 Profit target $12000 Maximum Position Size 15 minis / 150 micros Maximum Drawdown $5250 Resets $449 Daily Loss Guard None Consistency Rule 40% View Qualified Rules Get Started 150K Advanced Qualified $489/month Minimum Trading Days 5 Profit target None Maximum Position Size 15 minis / 150 micros (No Scaling Plan!) Maximum Drawdown $5250 Resets None Daily Loss Guard None Consistency Rule None Max Payout $15,000”“Account Type Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule Standard Qualified 5 None 3-4% Scaling Plan to 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split $599-$999 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Advanced Qualified 5 None 4% 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split None None None on Advanced Qualified Accounts Zero Qualified 5 None 4% Scaling Plan to 50k = 3 contracts/30 micros, 100k = 6 contracts/60 micros 90% split $399-$799 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Direct Qualified 5 6% for first withdrawal, 4% for second and future withdrawals 3-4% 25k = 2 contracts/20 micros, 50k = 4 contracts/40 micros, 100k = 8 contracts/80 micros, 150k = 10 contracts/100 micros 90% None 2% of starting account balance. This is NOT a fail, it just locks your account for the day 20% — One trading day cannot amount to more than 20% of your overall profit before payout request. This is tracked on your dashboard.”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey state there is none.—
“There is no Scaling Plan on Advanced Accounts.”How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsThey state there is none.—
“For the avoidance of doubt, you will never be provided with access to the live markets and/or control live funds through your use of the Services.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
we did not read enough to sayNot the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to surviveNo such thing in this plan.—
“Direct skips the Evaluation and starts on a Qualified Account.”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishNo such thing in this plan.—
“Direct skips the Evaluation and starts on a Qualified Account.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put inNo such thing in this plan.—
“Direct skips the Evaluation and starts on a Qualified Account.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsNo such thing in this plan.—
“Direct Account users can enjoy skipping the Evaluation step, but they do need to reach their Withdrawal Profit Target as well as a 20% Consistency Rule in order to make a withdrawal request.”A free second attempt turns one bad week into a delay instead of another invoice.
Profit targetNo such thing in this plan.—
“Direct skips the Evaluation and starts on a Qualified Account.”Below 60% read we publish no number at all, because a grade computed from two facts out of six is not a lenient grade — it is a different measurement wearing the same label.
Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit rises with the day's closing balance1.65/3
“How is it calculated? The MLL is calculated from your Alpha Futures Account balance high at the end of each trading day, not intraday equity high.”A limit that climbs takes back the cushion you already earned.
Where the limit stops risingat your starting balance3/3
“Once the MLL 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.”The difference between a danger with an end date and one that never ends.
What the limit is measured againstlive equity, open trades included1/2
“What happens if I hit the MLL? If you break MLL at any time, your Alpha Futures Account will be liquidated. This means any attempted orders after the breach will not execute. Hitting the MLL on an Analyst 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 a Qualified Analysts Account means such account has been breached and will be closed at the end of that trading day.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitnothing — the limit stays where it was2/2
“Your Maximum Loss Limit stays intact from the date of your withdrawal, so you keep your runway after you receive your performance fee. Most futures prop firms reset your buffer the second you withdraw. We don't.”Taking your money out should not leave you closer to losing the account.
Daily limit2%, measured on live equity, open trades included0.30/2
“The Daily Loss Limit also referred to as the Daily Loss Guard is a soft breach rule on Alpha Futures Accounts. If you hit the Daily Loss Guard, you do not lose your Account, but your account will be locked until the next trading day (6PM ET). There is no Daily Loss Guard on Advanced Evaluations, but there is on Zero Evaluations. The Daily Loss Guard is 2% of starting account balance on Zero Accounts. Daily Loss Guard by Zero Account Size: 25k Zero Account = $500 50K Zero Account = -$1,000 100K Zero Account = -$2,000 Advanced Accounts, there is no preset Daily Loss Guard, but traders may set one themselves at any time in their trading platform. 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.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed4%0.25/1
“25K Direct Qualified $349 Profit Target for Payout $1,500 first · $1,000 after Max Position Size 2 minis / 20 micros EOD MLL $1,000 Daily Loss Limit $500 Consistency Rule 20% Payout Cap $1,000 Scaling Plan No Get Started 50K Direct Qualified $519 Profit Target for Payout $3,000 first · $2,000 after Max Position Size 4 minis / 40 micros EOD MLL $2,000 Daily Loss Limit $1,000 Consistency Rule 20% Payout Cap $2,000 Scaling Plan No Get Started 100K Direct Qualified $689 Profit Target for Payout $6,000 first · $4,000 after Max Position Size 8 minis / 80 micros EOD MLL $3,000 Daily Loss Limit $2,000 Consistency Rule 20% Payout Cap $2,500 Scaling Plan No Get Started 150K Direct Qualified $859”How much room you have. Worth little, because almost every firm offers the same.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesthe profit you must make starts over · the consistency calculation starts over0.75/3
“Withdrawal Profit Targets are the profit needed to earn in between withdrawal requests. After each withdrawal, your profit target resets and you must earn fresh profit from new trades to reach the next target. Leftover profit from the previous cycle does not carry over.”“There is a 20% Consistency Rule on Direct Qualified Accounts. The 20% Consistency Rule states profits from any single trading day cannot be greater than or equal to 20% of net profits accumulated since last withdrawal request. You will not be eligible for a withdrawal if any of your trading day profits are greater than 20% of net profits made since last withdrawal request. This value will always be visible in your dashboard, and your withdrawal request button/feature will not be available until this rule is satisfied. This rule resets in between each account withdrawal request.”The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsit delays the payout2.10/3
“There is a 20% Consistency Rule on Direct Qualified Accounts. The 20% Consistency Rule states profits from any single trading day cannot be greater than or equal to 20% of net profits accumulated since last withdrawal request. You will not be eligible for a withdrawal if any of your trading day profits are greater than 20% of net profits made since last withdrawal request. This value will always be visible in your dashboard, and your withdrawal request button/feature will not be available until this rule is satisfied. This rule resets in between each account withdrawal request.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“1.2.2. We may use analysis shared by Users in the form of virtual trades (the “Analysis”) for our own purposes including Proprietary Trading and in our sole discretion provide Analyst Performance Fees to Qualified Analysts.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money5 days2/2
“Account Type Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule Standard Qualified 5 None 3-4% Scaling Plan to 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split $599-$999 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Advanced Qualified 5 None 4% 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split None None None on Advanced Qualified Accounts Zero Qualified 5 None 4% Scaling Plan to 50k = 3 contracts/30 micros, 100k = 6 contracts/60 micros 90% split $399-$799 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Direct Qualified 5 6% for first withdrawal, 4% for second and future withdrawals 3-4% 25k = 2 contracts/20 micros, 50k = 4 contracts/40 micros, 100k = 8 contracts/80 micros, 150k = 10 contracts/100 micros 90% None 2% of starting account balance. This is NOT a fail, it just locks your account for the day 20% — One trading day cannot amount to more than 20% of your overall profit before payout request. This is tracked on your dashboard.”How long your money is theirs.
Most one withdrawal can pay you2.0% of the account, at worst0.50/2
“The minimum withdrawal request on Direct Qualified Accounts is $500. Details on each account size Maximum Withdrawal and Withdrawal Profit Target on Direct Qualified Accounts below: Account Maximum Withdrawal 1st Withdrawal Profit Target 2nd+ Withdrawal Profit Target 25k Direct Qualified $1,000 $1,500 $1,000 50k Direct Qualified $2,000 $3,000 $2,000 100k Direct Qualified $2,500 $6,000 $4,000 150k Direct Qualified $3,000 $9,000 $6,000”$2,000 is generous on a $25K account and a joke on a $200K one, so it is measured as a share and at the worst size sold.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first request6%0.70/1
“Account Type Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule Standard Qualified 5 None 3-4% Scaling Plan to 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split $599-$999 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Advanced Qualified 5 None 4% 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros 90% split None None None on Advanced Qualified Accounts Zero Qualified 5 None 4% Scaling Plan to 50k = 3 contracts/30 micros, 100k = 6 contracts/60 micros 90% split $399-$799 2% of starting account balance. This is NOT a fail, it just locks your account for the day 40% — One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard. Direct Qualified 5 6% for first withdrawal, 4% for second and future withdrawals 3-4% 25k = 2 contracts/20 micros, 50k = 4 contracts/40 micros, 100k = 8 contracts/80 micros, 150k = 10 contracts/100 micros 90% None 2% of starting account balance. This is NOT a fail, it just locks your account for the day 20% — One trading day cannot amount to more than 20% of your overall profit before payout request. This is tracked on your dashboard.”How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsyou may not open around a release—
“Zero, Standard, and Direct Qualified Accounts: You may hold through news releases following your trading plan, but no orders may be executed within 2 minutes before or 2 minutes after high impact news events.”Minimum time a trade must be heldThey state there is none.—
“Consistently just opening and closing positions less than 2 minutes to make profits without any plan. There is no "must hold past X minutes" rule, and we understand that market volatility takes over sometimes. This is only an issue when it is a large sum of the analyst's profit. Taking max leverage positions then quickly closing with a favorable fill is taking advantage of the sim environment.”Forced close before the weekendnothing may stay open over the weekend—
“All trades must be closed before 4:20pm ET each day on both Analyst Accounts and Qualified Analyst Accounts.”LeverageNo such thing in this plan.—
“(d) Direct accounts: 25k = 2 contracts/20 micros, 50k = 4 contracts/40 micros, 100k = 8 contracts/80 micros, 150k = 10 contracts, 100 micros.”Limit on position size2 · 4 · 8 · 10—
“(d) Direct accounts: 25k = 2 contracts/20 micros, 50k = 4 contracts/40 micros, 100k = 8 contracts/80 micros, 150k = 10 contracts, 100 micros.”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey state there is none.—
“25K Direct Qualified $349 Profit Target for Payout $1,500 first · $1,000 after Max Position Size 2 minis / 20 micros EOD MLL $1,000 Daily Loss Limit $500 Consistency Rule 20% Payout Cap $1,000 Scaling Plan No Get Started 50K Direct Qualified $519 Profit Target for Payout $3,000 first · $2,000 after Max Position Size 4 minis / 40 micros EOD MLL $2,000 Daily Loss Limit $1,000 Consistency Rule 20% Payout Cap $2,000 Scaling Plan No Get Started 100K Direct Qualified $689 Profit Target for Payout $6,000 first · $4,000 after Max Position Size 8 minis / 80 micros EOD MLL $3,000 Daily Loss Limit $2,000 Consistency Rule 20% Payout Cap $2,500 Scaling Plan No Get Started 150K Direct Qualified $859”How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsThey state there is none.—
“For the avoidance of doubt, you will never be provided with access to the live markets and/or control live funds through your use of the Services.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
The rules in writing
Could you read the rule before paying, and can they change it afterwards?
Where the rule that binds you is publishedin the document its own contract points at4/4
“1.4 In the case of any discrepancy between the Challenge requirements listed in the Schedules and our Site, then our Site shall take precedence.”If the rule that binds you lives in a help article your contract never mentions, you did not sign it.
Can it change the rules without noticeyes, and it says so0.60/3
“8.1.8 the rules set out in Schedule 5 apply in addition to this condition 8 and may be updated from time to time on our Site and it your responsibility to check our Site regularly to see if there have been any changes, any changes will apply as soon as they are posted to our Site.”The clause that makes every dated verdict perishable, including ours. Near-universal, so not fatal.
Is the binding document datedyes2/2
“Terms and Conditions Effective from July 27, 2026”Without a date you cannot tell whether the rule you read is the rule they apply.
Two official pages that disagree
the payout terms · costs money
“All withdrawal requests are the amount that will be removed from your trading account, trader received 90% of this request.”“a fee paid to the User based on profit made in the simulated market environment without breaching the account. First two virtual payouts on the account the User receives a 70% Performance Fee, virtual payouts 3 and 4 80%, virtual payouts 5+ on the account the User receives a 90% Performance Fee.”the drawdown rule · costs money
“Maximum Loss Limited (MLL): This is a trailing drawdown set at 4% of all account sizes.”“Advanced Evaluation Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule 2 8% 3.5% 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros None starting at $189 None 40% — One trading day cannot amount to more than 40% of your overall profit before passing. This is tracked on your dashboard.”the daily limit · costs money
“Daily Loss Guard: The Daily Loss Guard is a soft breach rule on Qualified Analyst Accounts only.”“There is no Daily Loss Guard on Advanced Evaluations, but there is on Zero Evaluations.”the account size or the speed · costs money
“Advanced Evaluation Minimum Virtual Trading Days Virtual Profit Target Maximum Loss Limit Maximum Position Size Analyst Performance Fee Resets Daily Loss Guard Consistency Rule 2 8% 3.5% 50k = 5 contracts/50 micros, 100k = 10 contracts/100 micros, 150k = 15 contracts/150 micros None starting at $189 None 40% — One trading day cannot amount to more than 40% of your overall profit before passing. This is tracked on your dashboard.”“8.1.9 The standard and advanced account assessments consist of 2 and 3 minimum trading days in the one phase evaluation, due to the 50% and 40% Consistency Rule. A zero account assessment may be passed in a single trading day.”who stands behind the account · costs credibility
“These Terms and Conditions of Service and Trading (these "Terms" ) govern rights and obligations in connection with the use of the Services (as defined below) provided by Alpha Futures Limited , incorporated in England and Wales under company number 15655643 with its principal place of business at 1 Allied Business Centre, Coldharbour Lane, Harpenden AL5 4UT ("Alpha", "we", "our") , and offered through our Site (as defined below) and effective from and including the date of User Acceptance (as defined below) ("Effective Date") .”“THIS GENERAL SERVICES AGREEMENT is made is made between (1) the undersigned User; ______________________ with the mailing address ______________________ and (2) Alpha Futures Limited, incorporated in England and Wales under Company Number 13719951 with its registered office at 10 Lower Thames Street, Billingsgate, London EC3R 6AF (“Alpha”) and is effective from and including the date of User Acceptance (“Effective Date”) ______________________”the fees · costs money
“All sales are final, no refunds will be issued.”“5.2 If a User wishes to exercise their right to withdraw from this Agreement and request a refund, they must do so before placing any trades and within 14 days from the date the Services were first made available. Refund requests must be submitted to Alpha’s Customer Service Team at [ [email protected] ]. Alpha will process approved refunds within 14 days of receiving the request.”the payout terms · costs credibility
“Hit your performance milestone, request your performance fee, and receive it the same day. No 30 day waits. No friction. We are one of the very few futures prop firms that actually deliver on it.”“1.2.7. All Analyst Performance Fees withdrawal requests will be processed and paid via wire transfer or Checkout.com, CoinPayments, Nuvei or Rise within 3 Business Days unless the account requires additional verification checks (as set out above), in which case this could take up to 14 Business Days.”who stands behind the account · costs credibility
“Cutting-edge technology, tier 1 liquidity and professional support. ACG Markets brings institutional trading to everyone. Learn More FSA Regulated Ultra Low Latency 24/5 Support”“Alpha Futures Limited & ACG Markets are not a broker, and do not accept deposits.”The company behind it
If it goes wrong, which company do you claim against, and under whose laws?
The company you contract withAlpha Futures Limitedno change4/4
“These Terms and Conditions of Service and Trading (these "Terms" ) govern rights and obligations in connection with the use of the Services (as defined below) provided by Alpha Futures Limited , incorporated in England and Wales under company number 15655643 with its principal place of business at 1 Allied Business Centre, Coldharbour Lane, Harpenden AL5 4UT ("Alpha", "we", "our") , and offered through our Site (as defined below) and effective from and including the date of User Acceptance (as defined below) ("Effective Date") .”With no named company there is nobody to sue.
Where it is registeredwe did not read this stageEngland2/2
“These Terms are governed by English law and a User may bring claims against Alpha in the English courts. If a User lives in Wales, Scotland or Northern Ireland, the User can also bring claims against Alpha in the courts of the country in which they reside. Alpha can claim against a User in the courts of the country in which they reside.”A claim in the Czech Republic and a claim in St Vincent are not the same claim.
Its registration numberwe did not read this stage156556432/2
“These Terms and Conditions of Service and Trading (these "Terms" ) govern rights and obligations in connection with the use of the Services (as defined below) provided by Alpha Futures Limited , incorporated in England and Wales under company number 15655643 with its principal place of business at 1 Allied Business Centre, Coldharbour Lane, Harpenden AL5 4UT ("Alpha", "we", "our") , and offered through our Site (as defined below) and effective from and including the date of User Acceptance (as defined below) ("Effective Date") .”What turns a name into something checkable in a public register.
The people behind it are namedyes2/2
“Meet the team behind Alpha Futures George Kohler Managing Director & Founder Of Alpha Futures”Named people can be looked up. A company on its own cannot always be.
Almost no firm here has a financial regulator, because selling simulated evaluations is not a regulated activity anywhere. Of the 114 firms we scored by hand, 96 sat in the bottom two rungs of backing for this reason. So we do not count it against anyone — it only adds when a firm genuinely has one.
That company owns the brand
The market
Do your orders reach a market, or is all of it a simulation?
What the funded account issimulated, with no route to real capital0/4
“For the avoidance of doubt, you will never be provided with access to the live markets and/or control live funds through your use of the Services.”The question that separates a firm that earns when you lose from one that earns when you last.
Conditions to reach a real marketNo such thing in this plan.—
“For the avoidance of doubt, you will never be provided with access to the live markets and/or control live funds through your use of the Services.”Promising a route to a real market without publishing the conditions is promising nothing.
Almost none names a broker or a clearing house either, and that follows from the account being a simulation rather than being a second, separate failing. Charging for both would count one fact twice.
We read the rules of every plan it sells and issued a verdict on each one.