The code applies at checkout. Enter it in the discount field before completing payment. Note: the Premium Plan was discontinued July 12, 2026 — code FT no longer applies to it. The Direct plan uses separate launch pricing. Check fundedtrading.com/discount for current Direct offers.

Alpha Futures is a futures-only prop firm incorporated in the UK as Alpha Futures Limited (Companies House #15655643). It launched in April 2024 as the futures-focused division of Alpha Capital Group — the same team behind the forex prop firm of the same name. CEO George Kohler and Co-Director Andrew Blaylock run both entities from the UK, with Ben Chaffee handling US-side operations from San Diego.

The firm operates in the futures space specifically — no forex CFDs, no spot instruments. Traders access CME Group contracts including equity index futures (ES, NQ, RTY), commodity futures (CL crude oil, GC gold), and currency futures. All accounts run in a simulated trading environment. Performance fees are paid on simulated profits — standard across the futures prop industry, and Alpha Futures discloses it clearly.

As of July 2026, Alpha Futures has paid out over $70M in performance fees across 175,000+ Qualified Analysts in 140+ countries. The Trustpilot score is 4.9/5 from over 5,000 reviews. Following the July 12, 2026 platform change, the firm now runs new accounts exclusively on its in-house AlphaTrader platform and three third-party options. NinjaTrader and Tradovate are no longer available for new purchases.

Alpha Futures runs two active evaluation plans as of July 13, 2026: Zero and Advanced. The Premium Plan was discontinued on July 12, 2026, and the Standard Plan was retired on May 1, 2026. A third option — the Direct plan — skips the evaluation entirely. All evaluation plans use one-step: hit the profit target, stay within the drawdown limit, trade the minimum days.

As of July 13, 2026, Alpha Futures is running a 35% sitewide discount. Prices in the table below show the standard monthly rate with the current discounted rate in brackets. Verify pricing at checkout — sale end dates are not published in advance.

Zero Plan

No activation fee. No evaluation consistency rule. The evaluation can technically be passed in one day. The tradeoffs are a 40% consistency rule on the Qualified account and lower per-payout caps. Best for traders who want the lowest entry cost and are comfortable with the funded account consistency restriction.

Advanced Plan

Cleanest funded account rules in the evaluation lineup: no scaling plan requirement, no Daily Loss Guard, and the highest payout cap at $15,000 per request. A 50% evaluation consistency rule applies. Best for experienced traders who need maximum payout ceiling and minimal funded account friction.

Alpha Futures launched the Direct Qualified Account on July 7, 2026. It is a one-time fee plan that puts you in a Qualified Account from day one — no evaluation phase to pass. This is Alpha’s response to trader demand for instant-funded-style accounts without a monthly subscription.

The Direct plan is structurally different from Zero and Advanced. Instead of winning trading days, you need to hit a Withdrawal Profit Target and satisfy a 20% consistency rule before each payout. No single trading day can exceed 20% of your net profit since your last withdrawal. That is a tighter consistency rule than any evaluation plan. News trading restrictions also apply on all Direct account sizes.

All figures verified against the Alpha Futures help center on July 13, 2026. The 90% performance split applies from your first payout. Leftover profit from the previous cycle does not carry over — you start fresh after each withdrawal.

Alpha Futures evaluation rules are straightforward. One step. Hit the profit target. Stay within the MLL. Trade the minimum number of days. The main plan-level differences are the consistency rule and the Daily Loss Guard.

The 40% Consistency Rule on Zero Qualified

On Zero Qualified accounts, your single largest payout day cannot exceed 40% of your total accumulated profit. So if you made $3,000 total, your best single day cannot account for more than $1,200 of that. This rule does not apply during the Zero evaluation — only once you are funded. It catches traders who build most of their balance on one outsized day.

Prohibited Practices

Alpha Futures bans fully automated trading (bots, EAs, AI), high-frequency trading above 100 trades per day, micro-scalping under 2 minutes or 10 ticks, reverse trading across accounts, and VPN usage. VPS is allowed. Violating any of these results in account termination without payout.

The Maximum Loss Limit (MLL) is an end-of-day trailing drawdown. It moves up at the end of each trading day based on your closing balance — not during the session. An intraday equity spike from a winning trade does not pull the MLL higher. An intraday dip does not breach it as long as you close the day within your limits.

In practice: if your $50K account has a $2,000 MLL, you could be sitting on an open unrealized loss of $1,800 mid-session and be fine — as long as you recover before market close. At a firm with intraday trailing drawdown (like Topstep or Take Profit Trader), that same position would have already pushed your MLL higher on the way up, leaving you less room on the way down.

The MLL does not reset after a payout. Most futures prop firms snap your MLL back to your starting balance the moment you withdraw. Alpha Futures does not. Your MLL stays exactly where it was before you requested the fee. This preserves the buffer you built during your funded period.

The MLL stops trailing once it reaches your starting balance. It will never trail lower than your initial account level.

On July 12, 2026, NinjaTrader terminated its partnership with Alpha Futures, citing competitive conflict with Alpha’s own AlphaTrader platform. Per Alpha’s official announcement, this removes Tradovate and NinjaTrader from new account purchases effective immediately. Note: as of July 13, 2026, Alpha Futures’ own platforms page still lists both platforms without any migration notice — the site had not yet been updated. Treat the X announcement as the operative policy until the website reflects it.

New accounts as of July 13, 2026 can be opened on four platforms per the announcement. You select one at purchase. Platform lock-in applies — you cannot switch mid-account.

If you are unsure which platform to pick, AlphaTrader is the obvious default for new accounts — it is the firm’s own platform, commission-free, and built to match Alpha Futures’ rule set. WealthCharts is the most capable alternative for traders who want a web-native environment with advanced market data tools.

Alpha Futures pays performance fees on simulated profits. The 90% split applies from day one on all active plans — there is no ramp-up period.

How to Qualify for a Payout (Zero and Advanced)

You need 5 winning trading days of $200 profit or more. After that, you can request a performance fee up to 4 times per month. Each request can include up to 50% of your total accumulated profit — the other 50% stays in the account for drawdown protection.

How to Qualify for a Payout (Direct)

No winning day requirement. You must hit the Withdrawal Profit Target and satisfy the 20% consistency rule. After each withdrawal, your profit target resets and you start fresh — leftover profit from the previous cycle does not carry over.

Payout Caps by Plan

Payment Methods

Alpha Futures pays out via Rise, bank wire, and Wise. Processing time is stated at 48 business hours. Most traders report receiving funds within 2 to 24 hours. Community reports from July 2026 note some delays — complete your KYC immediately after passing to avoid a bottleneck on your first withdrawal.

Alpha Prime is Alpha Futures’ progression path to live capital. Once your Qualified account reaches $40,000 in payable balance, or after 5 payout cycles, Alpha’s team reviews your trading history for an Alpha Prime invitation.

Two Alpha Prime options exist:

The live program path is a meaningful differentiator. Most futures prop firms operate entirely in simulated environments with no path to real-capital trading. Alpha Prime provides that exit — though it requires consistent performance over multiple payout cycles to qualify.

Alpha Futures is a legitimate UK-registered futures prop firm. The July 12 announcement — while significant — shows the firm paying out $25M+ on a plan that was losing money and then closing it rather than disappearing with the funds. That is not how fraudulent firms behave. Here is what we verified as of July 13, 2026:

Some traders and aggregators reacted strongly to the July 12 news. PickAPropFirm temporarily delisted Alpha Futures. The concern is understandable — NinjaTrader and Tradovate are the dominant platforms in the futures prop space, and losing them is a material downgrade. It is also worth noting that payout delays were already being reported in the community before this announcement. Neither of those points makes the firm a scam, but they are legitimate reasons to wait and see how the AlphaTrader migration goes before opening a new account.

Alpha Futures is not regulated by a financial authority and does not need to be. Prop firms running simulated accounts with performance fees do not manage client funds or offer regulated financial products. The absence of FCA or ASIC oversight is not a red flag.