Alpha Futures Review
Alpha Futures is a UK-based prop firm offering single-step futures evaluations with end-of-day trailing drawdowns and up to 90% performance splits.
- HQ
- London, UK
- Founded
- 2024
- Regulation
- Unregulated
Operated by Alpha Futures Limited
Written by the Proptary Team · Updated 27 Oct 2026
Researched with AI assistance and verified by our editors
Overview
Alpha Futures is a UK-based proprietary trading firm offering one-step simulated futures evaluations across multiple account tiers with end-of-day trailing drawdowns.
Alpha Futures was founded in 2024 in the United Kingdom as the dedicated futures trading brand within the Alpha Group ecosystem. The company is owned and operated by Alpha Futures Limited, incorporated in England and Wales under company number 15655643, with George Kohler and Andrew Blaylock serving as registered directors.
Review summary
Pros and cons
What works
5 strengths
- End-of-day trailing drawdown calculation on all evaluation and qualified tiers prevents intraday trailing stops
- The Maximum Loss Limit stops trailing once it reaches the starting balance, which happens after $2,000 in profit on the 50K Standard account
- A 90% performance split applies from the first payout request across standard qualified accounts
- Traders can request performance fees up to four times per month after meeting five qualifying winning days
- No Daily Loss Guard applies during the Standard evaluation stage
What doesn't
5 to plan around
- Discontinuation of the Premium Plan in July 2026 led to unexpected account closures and disputed payout resolutions
- Standard evaluation accounts impose a 50% consistency rule where no single trading day can exceed half of net profits made
- Zero qualified accounts enforce restrictive payout caps ranging from $1,000 to $2,500 per withdrawal request
- Full automation, automated expert advisors, AI bots, and high-frequency trading exceeding 100 trades daily are banned
- Holding positions overnight and over the weekend is strictly prohibited across all account types
Cost of entry
Alpha Futures pricing
| Account Tier | Account Size | Monthly Evaluation Fee | Profit Target | Max Loss Limit (MLL) | Activation Fee |
|---|---|---|---|---|---|
| Zero | $25,000 | $89 | $1,500 | $1,000 | $0 |
| Standard | $50,000 | $129 | $3,000 | $2,000 | $0 |
| Standard | $100,000 | $239 | $6,000 | $3,000 | $0 |
| Standard | $150,000 | $349 | $9,000 | $4,500 | $0 |
| Advanced | $50,000 | $209 | $4,000 | $1,750 | $0 |
| Advanced | $100,000 | $349 | $8,000 | $3,500 | $0 |
| Advanced | $150,000 | $489 | $12,000 | $5,250 | $0 |
Alpha Futures challenge pricing starts at $89 per month for the 25K Zero evaluation account, while the popular 50K Standard evaluation costs $129 per month. Subscriptions renew automatically each month until you pass or cancel, with passed accounts exempt from ongoing monthly platform charges. If you breach an account, resets start at $79 and vary by account size ($109 on the 50K Standard) but do not alter your upcoming rebill date. For traders seeking immediate simulated capital, the firm provides Direct Qualified accounts starting at $349 as a one-time purchase without an evaluation phase. The main financial trade-off lies in the monthly recurring billing structure, which accumulates costs quickly if an evaluation drags on over several months without passing.
Rule clarity
Alpha Futures rules
Score95 / 100Alpha Futures rules require passing a single-step evaluation by reaching a $3,000 profit target on the 50K Standard account while maintaining losses above an end-of-day trailing maximum loss limit of $2,000. Unlike intraday trailing models that penalize unrealized open equity, the loss limit updates solely from your closing balance at the daily market settlement. On the $50,000 account, the maximum loss limit locks permanently at the $50,000 starting balance once profits reach $2,000, creating an expanding buffer as your account balance grows further. However, you must satisfy a strict 50% consistency rule where no single trading day can generate half or more of your total profit, and all positions must be closed before 4:20 PM ET each day to prevent overnight market exposure.
- Profit target
- $3,000
- Max daily loss
- —
- Max total drawdown
- $2,000
- Drawdown type
- End of Day
- Min trading days
- 2
- Time limit
- None
- Consistency rule
- Best day must not exceed 50% of net profits during Standard evaluation, and 40% of net profits since the last withdrawal on Standard qualified accounts.
- Max leverage
- 5 contracts ($50K account)
- Scaling plan
- Yes, Qualified accounts only (up to 15 contracts on the $150K account)
- Platforms
- Proprietary, Quantower, TradingView, WealthCharts, Deepchart
- Instruments
- Futures
- Not accepted from
- Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Bulgaria, Burkina Faso (Upper Volta), Burma/Myanmar, Chad, China, Côte d'Ivoire, Croatia, Cuba, Democratic Republic of Congo, Djibouti, East Timor, Guinea-Bissau, Ethiopia, Haiti, Iran, Iraq, Jamaica, Jordan, Kenya, Kosovo, Kyrgyzstan, Laos, Lebanon, Lesotho, Libya, Malawi, Malaysia, Mali, Montenegro, Mozambique, Namibia, Nigeria, North Korea, North Macedonia, Northern Cyprus, Palestinian Territory, Pakistan, Philippines, Romania, Russia, Rwanda, Senegal, Serbia, Sierra Leone, Slovenia, Somalia, South Sudan, Sudan and Darfur, Syria, Tajikistan, Tanzania, Turkey, Ukraine, Venezuela, Vietnam, Yemen, Zimbabwe
What an end-of-day drawdown means for you
The limit is recalculated once a day on your closing balance, not tick by tick. Intraday swings do not count against it, so you have more room during a session, but a losing close ratchets the floor for the next day.
What changes once you are funded
Qualified accounts introduce a Daily Loss Guard soft breach of $1,000 on the 50K Standard account, locking trading for the session if touched. Traders must also navigate a 40% consistency rule between payout requests and observe news restrictions that ban executing any orders within two minutes before or after red-folder macroeconomic releases.
Strategy rules
- News trading
- Allowed
- EAs / bots
- Not allowed
- Weekend hold
- Not allowed
- Hedging
- Not allowed
- Copy trading
- Allowed
- HFT / tick scalping
- Not allowed
Payout reliability
Alpha Futures payouts
Score60 / 100Alpha Futures pays qualified traders a 90% profit split up to four times per month through ACH, Wise, Rise, and international wire transfers. Withdrawals become available after accumulating five distinct winning trading days with at least $200 in profit each, with each request capped at 50% of the account's profit to maintain an operational buffer. On the Standard 50K account, withdrawal requests require a minimum of $500 and are capped at $3,000 per request, with funds processed within five business days. The trade-off lies in the strict qualifying requirements and caps, which prevent fast lump-sum withdrawals and require profitable consistency over consecutive trading sessions.
- Profit split
- 90%
- Payout cycle
- On demand
- Reported payout speed
- 3-5 business days
- Withdrawal fee
- None stated
- Minimum withdrawal
- $500
- Payout methods
- Bank Wire, Wise, Rise, ACH
Customer support
Customer support
Score75 / 100The firm's customer support operates via live chat, email, and telephone, with phone support available between 8:00 AM and 8:00 PM GMT on weekdays. Traders seeking technical help with platforms or KYC verification can find guides in the help center. Public reports indicate that response times generally fall under one business day.
- Channels
- Live chat, Email, Phone
- Availability
- Business hours
- Reported response time
- Under a day
- Reports collected
- 27 Oct 2026
Track record
Track record and transparency
Score100 / 100The firm expanded its operations by releasing its proprietary AlphaTrader platform and introducing multi-platform connectivity through Quantower, WealthCharts, and TradingView. In July 2026, the firm experienced operational friction when it abruptly discontinued its Premium Plan, closing active accounts and triggering community disputes over refunded subscription fees versus accrued simulated profits. Alpha Futures now states that eligible payout requests are processed within five business days of standard approval.
Community sentiment
Community sentiment
Score75 / 100Traders frequently commend the firm for its end-of-day trailing drawdown calculation, which avoids intraday equity traps, alongside responsive support and a Trustpilot rating of 4.3 from 6,192 reviews as of October 2026. Conversely, recurring complaints focus on the abrupt cancellation of the Premium Plan in July 2026 and strict enforcement of tick-scalping rules that void profits on trades under 10 ticks and held for under two minutes.
Decision
Final verdict
Alpha Futures delivers a compelling framework for disciplined futures traders through its end-of-day trailing drawdown, absence of activation fees on Standard accounts, and a 90% performance split from day one. The platform options, spanning AlphaTrader and Quantower, provide robust execution for index and commodity contracts. However, the firm carries real counterparty risks highlighted by the sudden termination of its Premium Plan in July 2026, alongside strict restrictions against automated strategies and tick scalping (trades under 10 ticks and under two minutes). If you practice manual day trading with disciplined risk controls and do not rely on high-frequency bots, the firm offers viable evaluation terms, provided you factor in monthly rebill costs and payout caps.
Is Alpha Futures right for you?
Alpha Futures is suitable if you trade manual futures strategies on contracts like ES or NQ and value an end-of-day drawdown that locks at your starting balance. It is not suitable if you rely on automated Expert Advisors, seek overnight swing positions, or cannot navigate a 50% evaluation consistency rule.
Who should trade with Alpha Futures?
Disciplined day traders who manually execute index futures setups during regular trading hours will find the structure favorable. The firm does not suit high-frequency scalpers who close trades within seconds or traders who require multi-day position holding, as both behaviors directly violate published trading rules.
Questions
FAQ
Is Alpha Futures legit?
Alpha Futures is run by Alpha Futures Limited, a private company registered in England and Wales (Companies House number 15655643). Company registration is not a financial license. The firm holds a Trustpilot rating of 4.3 from 6,192 reviews as of October 2026, but it closed its Premium Plan in July 2026 and some traders dispute how earned payouts were handled, so check the current terms before you pay.
What is Alpha Futures?
Alpha Futures is a UK-based prop firm offering single-step simulated futures evaluations with end-of-day trailing drawdowns and a 90% performance split for retail futures traders.
How many Alpha Futures accounts can I have?
Traders can hold up to five active Qualified Analyst accounts simultaneously across Zero, Standard, and Direct plans. If an Advanced account is included, the limit adjusts to three active accounts, subject to a maximum combined simulated capital ceiling of $750,000 across the entire platform ecosystem.
How much is the Alpha Futures activation fee?
Alpha Futures charges $0 in activation fees on its Zero, Standard, and Advanced plans (Advanced accounts purchased after July 8, 2026), while Direct accounts are a one-time fee. Qualified traders on these tiers pay no ongoing monthly platform subscriptions or pass fees once they achieve funded status, though resets and monthly evaluation rebills apply if you breach or remain active.
Does Alpha Futures have a consistency rule?
Yes, Alpha Futures enforces a 50% consistency rule during Standard evaluations, requiring that no single day represents more than half of your net profits. Once qualified, Standard accounts observe a 40% consistency rule on profit generated between withdrawal requests to promote balanced trade sizing.
Related firm reviews
Compare all prop firms
Before you pay
Many prop firms operate without a financial services license. They argue that traders use simulated accounts and the firm risks its own capital, so no client money is held and no license is required. That arrangement is common in this industry, but it also means no regulator supervises the firm and there is no compensation scheme if it stops paying. What matters instead is whether the company behind the brand is named and traceable, and whether it has a payout record you can check.
This page is for information only and is not investment or trading advice. Trading through a funded or proprietary trading program carries real risk, including the loss of evaluation fees and any funded account. Rules, pricing, and payout terms vary by firm and can change without notice. A Proptary Grade reflects our most recent check and may not capture very recent changes, so confirm current terms directly with the firm before buying an evaluation.
Before you pay
Many prop firms operate without a financial services license. They argue that traders use simulated accounts and the firm risks its own capital, so no client money is held and no license is required. That arrangement is common in this industry, but it also means no regulator supervises the firm and there is no compensation scheme if it stops paying. Proptary is not a financial institution, not an investment adviser, and is not supervised by any financial regulator.
Nothing here is advice. Our grades, scores and write-ups are information only. They are not investment or trading advice, not a recommendation to buy an evaluation, and not tailored to your circumstances. Read the firm’s own terms and decide for yourself.
A grade is not a guarantee. A Proptary Grade summarises the evidence we were able to verify on the date shown. It is not a measure of the firm’s financial strength, not a promise that it will pay you, and not an assurance that it will still be operating next month. Payout records, review scores and support times we cite are historical evidence, never a forecast.
The fee is at risk from the moment you pay it. An evaluation buys an attempt, not an account. Most traders do not pass. Breaching a drawdown or consistency rule can cost you the entire fee and any funded account, with no refund.
Prices and rules change without notice. Firms change fees, rules and payout terms, sometimes days after we check. Confirm the current terms on the firm’s own site before you pay for anything. Proptary is not liable for losses arising from reliance on information published here.
Links to firms leave Proptary. We do not open, hold or operate trading accounts. Payment, identity checks, data handling and payouts are between you and the firm, under that firm’s own terms and privacy policy.
How this page is researched. Data is gathered with AI assistance and verified by our editors against the firm’s own documents before publishing.