Alpha Futures is a UK-based futures prop firm backed by Alpha Capital Group, offering one-step evaluations with a 90% profit split from day one and payouts within 48 hours. It launched in July 2024 and has already built a strong reputation with a 4.9/5 Trustpilot rating from over 2,500 reviews.
TL;DR: One of the best newcomers in futures prop trading. The subscription pricing model ($79-$419/month) keeps the barrier low, but monthly charges add up if your evaluation drags on. The 90% profit split, zero activation fee on the Zero plan, and end-of-day trailing drawdown make it genuinely trader-friendly. Best for disciplined futures traders who can pass evaluations quickly.
How Alpha Futures Works
Alpha Futures uses a one-step evaluation model. There's no multi-phase challenge to grind through. You subscribe to a plan, trade in a simulated environment, hit your profit target while staying within the drawdown limits, and move to a funded account.
The firm is backed by Alpha Capital Group, which also operates a CFD prop firm. That institutional backing provides some reassurance that this isn't a fly-by-night operation.
The evaluation uses an end-of-day (EOD) trailing drawdown, meaning your drawdown level only updates based on your highest end-of-day balance. Intraday equity swings don't affect your trailing stop. This is a significant advantage over firms that use real-time trailing drawdowns, where a single good trade can immediately shrink your cushion.
Account Types & Pricing
Alpha Futures uses a subscription model rather than one-time fees. Three plans are available:
| Plan | Monthly Cost ($50K) | Profit Split | Payout Frequency | Activation Fee |
|---|---|---|---|---|
| Standard | $79/month | 80% | Bi-weekly | $149 |
| Advanced | $149/month | 90% | Weekly | $149 |
| Zero | $199/month | 90% | Weekly | $0 |
Account sizes range from $50K to $150K, with pricing scaling accordingly. The $150K Advanced plan runs $419/month.
The Zero plan deserves attention. It offers the same profit split and payout frequency as the Advanced plan, but it eliminates the $149 activation fee entirely. If you expect to pass within a couple of months, the extra $50/month in subscription costs is cheaper than paying the activation fee.
The subscription trap: Unlike firms that charge a one-time fee, Alpha Futures bills monthly until you either pass or cancel. If your evaluation takes three months on the $149 Advanced plan, that's $447 before you even start earning. Fast traders benefit; slow evaluators get punished.
Trading Rules & Conditions
The rules are straightforward compared to many competitors:
- Profit target: Varies by account size (typically 6-8%)
- Trailing drawdown: End-of-day, based on highest EOD balance
- Daily loss limit: Applies, varies by plan
- Minimum trading days: None specified for evaluation
- News trading: Permitted during evaluation
- Weekend holding: Check current rules, as these have changed
The EOD trailing drawdown is the standout feature here. Many futures firms use intraday trailing drawdowns that punish you for having a big green day. Alpha Futures doesn't do that. Your drawdown only tightens at the close of each trading day, giving you room to take runners without immediately losing your safety net.
Payout Structure & Methods
Payouts are processed within 48 business hours of request. Some traders report receiving funds in as little as 6-18 hours, which is among the fastest in the industry.
- Standard plan: Bi-weekly payouts, 80% split
- Advanced/Zero plans: Weekly payouts, 90% split
There's no tiered payout ramp. You get your full profit split percentage from the first withdrawal. No caps on initial payouts have been widely reported, though always check current terms.
Platform & Tools
Alpha Futures runs on Rithmic with support for popular front-ends including NinjaTrader, Quantower, and others. The platform selection is standard for futures prop firms, and Rithmic's execution quality is well-regarded.
What We Like
- 90% profit split from day one on Advanced and Zero plans
- EOD trailing drawdown is genuinely more forgiving than real-time alternatives
- Fast payouts averaging under 48 hours
- One-step evaluation means no multi-phase grind
- Zero plan eliminates activation fees entirely
- Strong backing from Alpha Capital Group
What Could Be Better
- Subscription model means costs accumulate monthly for slow evaluators
- Relatively new firm with only a ~2 year track record
- $150K maximum account size is smaller than some competitors
- No free trial period to test the platform before committing
Alpha Futures vs Competitors
Against Topstep, Alpha Futures offers a simpler evaluation (one step vs Topstep's Trading Combine) and a higher profit split (90% vs 90% but with different payout caps). Against My Funded Futures, the competition is tighter, as both offer strong EOD drawdowns and fast payouts. See our best futures prop firms comparison for the full picture.
The subscription pricing model sets Alpha Futures apart from one-time-fee firms like Apex Trader Funding. If you pass quickly, the subscription is cheaper. If you need several months, a one-time fee is better value.
Is Alpha Futures Legit?
Yes. The 4.9/5 Trustpilot rating from over 2,500 reviews is one of the highest in the industry. The firm is backed by Alpha Capital Group, which has a longer track record in the CFD space. Payout reports are consistent, and the firm has built a solid reputation in under two years.
The main risk factor is the firm's youth. Two years of operation is a shorter track record than veterans like Topstep (founded 2012) or Earn2Trade (founded 2016). But the payout evidence and review volume are reassuring.
Discount Codes & Offers
Alpha Futures regularly offers promotional discounts of 20-25% through affiliate partners. Check the firm's website for current offers before subscribing.
Final Verdict
Rating: 4.3/5
Alpha Futures is one of the strongest new entrants in the futures prop firm space. The combination of a one-step evaluation, EOD trailing drawdown, 90% profit split, and genuinely fast payouts makes it a compelling choice for futures traders.
The subscription pricing model is the main consideration. It rewards traders who evaluate quickly and penalises those who need time. If you're confident you can pass within 1-2 months, Alpha Futures offers excellent value. If you typically need longer, look at one-time-fee alternatives like Apex Trader Funding.
FAQ
Is Alpha Futures legit?
Yes. Backed by Alpha Capital Group, with a 4.9/5 Trustpilot score from 2,500+ reviews and consistent payout reports since launching in July 2024.
How much does Alpha Futures cost?
Subscription pricing starts at $79/month for a $50K Standard plan. The Advanced plan runs $149/month and the Zero plan (no activation fee) costs $199/month.
What is Alpha Futures' profit split?
80% on the Standard plan, 90% on Advanced and Zero plans. The split applies from your first payout with no tiered ramp-up.
Can I use Alpha Futures in the US?
Yes, Alpha Futures accepts US-based traders.
How fast are Alpha Futures payouts?
Within 48 business hours of request, with many traders reporting 6-18 hour processing times.
What drawdown type does Alpha Futures use?
End-of-day trailing drawdown. Your drawdown level only adjusts based on your highest end-of-day balance, not intraday equity peaks.
Disclaimer: This review is for informational purposes only and does not constitute financial advice. Trading involves risk of loss.