Futures
Alpha Futures Direct
$150,000 account
Selected public offer only. Buyer eligibility and other variants are outside this comparison.
Sources checked 19 September – 6 November 2026. Reviewed by a site member and AI assistants. Release pfw-release-2026-11-06-pilot-6, approved 6 November 2026. Each source shows the date it was last checked.
Costs
List price
List price: $859 one-time
Conditions and limits. $859 for the $150,000 Direct account, paid once: no subscription and no activation fee. The lower price on the plan card needs the ALPHA50 code.
Official sources: Alpha Futures · Direct (checked 6 November 2026); Alpha Futures · Help centre: Direct Account Overview (checked 6 November 2026).
About this rule. The advertised base price of the selected account and how it is billed. A temporary public offer, available without a code, is shown beside it with any conditions the firm states, while a recent check confirms it; codes, optional purchases and unverified buyer charges are excluded.
Compare this rule across accounts
Read the guide: What are you buying when you pay for a challenge?
Fee per $1,000 of opening risk
Fee per $1,000 of opening risk: $190.89
Conditions and limits. A one-time fee of $859: no subscription and no activation fee. The Qualified Account cannot be reset.
How this is calculated. (List price × charges in a 30-day attempt + activation fee + platform and data fees), in US dollars, divided by the opening loss allowance and multiplied by 1,000.
- List price
- $859 one-time
- Charges in a 30-day attempt
- 1
- Activation fee
- None
- Platform and data fees
- None
- Opening loss allowance
- $4,500
- Result
- $190.89
Promotions, coupons and optional add-ons are excluded.
Final buyer charges such as taxes or payment fees are not verified.
Official sources: Alpha Futures · Direct (checked 6 November 2026); Alpha Futures · Help centre: Direct Account Overview (checked 6 November 2026); Alpha Futures · Terms and conditions (checked 6 November 2026); Alpha Futures · Help centre: Trading Platforms (checked 6 November 2026); Alpha Futures · Help centre: Getting Started with AlphaTrader (checked 6 November 2026).
About this rule. The advertised base cost of a 30-day attempt in US dollars, divided by the opening loss allowance and multiplied by 1,000. A cost scenario for comparing accounts, not an all-in price.
Activation fee
Activation fee: None
Official source: Alpha Futures · Direct (checked 6 November 2026).
About this rule. A mandatory charge to activate a funded account after passing, if any.
Compare this rule across accounts
Read the guide: Reserve activation costs and keep refunds conditional
Platform and data fees
Platform and data fees: None
Official sources: Alpha Futures · Terms and conditions (checked 6 November 2026); Alpha Futures · Help centre: Trading Platforms (checked 6 November 2026); Alpha Futures · Help centre: Getting Started with AlphaTrader (checked 6 November 2026).
About this rule. Mandatory platform or market-data charges on top of the list price, if any.
Compare this rule across accounts
Read the guide: What market data is included, and what costs extra?
Payout processing fees
Payout processing fees: The payout methods page names no fee: payouts are paid in US dollars by ACH (US bank accounts), wire transfer, SWIFT, Wise or Rise; Rise needs a signed agreement before the first payout.
Official source: Alpha Futures · Help centre: Payout Methods (checked 6 November 2026).
About this rule. Charges deducted when a payout is sent, which depend on the payment method.
Compare this rule across accounts
Read the guide: How do payout processing fees affect cash received?
Evaluation & risk
Opening loss allowance
Opening loss allowance: $4,500On the funded account, as there is no evaluation
How this is calculated. The funded account's opening balance minus its opening total-loss floor. The account is bought without an evaluation, so its own allowance is used.
- Funded account opening balance
- $150,000
- Funded account opening total-loss floor
- $145,500
- Result
- $4,500
Daily loss limits and any trailing of the floor after the opening are separate rules.
Official sources: Alpha Futures · Direct (checked 6 November 2026); Alpha Futures · Help centre: Direct Account Overview (checked 6 November 2026).
About this rule. How much the account can lose from its opening balance before the total-loss rule is broken, using the smallest allowance across the required evaluation phases. An account bought without an evaluation uses its funded account's allowance. It is not daily headroom, live capital or a pass probability.
Compare this rule across accounts
Read the guide: How do you calculate the opening loss allowance?
Difficulty ratio
Difficulty ratio: 0.00No evaluation or profit target
How this is calculated. For each required evaluation phase, the profit target divided by that phase's opening loss allowance. The results are added. The account is bought without an evaluation and has no profit target, so the ratio is 0.
- Required evaluation phases
- None
- Funded account opening loss allowance
- $4,500
- Result
- 0.00
This describes the shape of the evaluation; it is not a pass probability.
Official sources: Alpha Futures · Direct (checked 6 November 2026); Alpha Futures · Help centre: Direct Account Overview (checked 6 November 2026).
About this rule. Each required phase's profit target divided by that phase's opening loss allowance, added together. More target per dollar of allowed loss gives a higher number; an account bought without an evaluation has no target, so its ratio is 0. It describes the shape of the evaluation, not the chance of passing.
Compare this rule across accounts
Read the guide: How PFW's comparison pages summarize a route
Evaluation route
Evaluation route: Direct $150,000, Alpha Futures: a simulated Qualified Account from purchase, without an evaluation; Alpha Futures may later call a Qualified trader to a live account. Read on the plan card, for AlphaTrader, Alpha Futures' own platform; the platform is chosen at purchase and cannot be changed after.
Official sources: Alpha Futures · Direct (checked 6 November 2026); Alpha Futures · Home (checked 6 November 2026); Alpha Futures · Help centre: Path To Live Structure (checked 6 November 2026); Alpha Futures · Help centre: Trading Platforms (checked 6 November 2026).
About this rule. The exact variant compared here and the stages between purchase and a funded account.
Compare this rule across accounts
Read the guide: What do one-step, two-step, three-step, and instant funding mean?
Profit targets
Profit targets: None
Conditions and limits. None: Direct has no evaluation.
Official sources: Alpha Futures · Direct (checked 6 November 2026); Alpha Futures · Help centre: Direct Account Overview (checked 6 November 2026).
About this rule. The profit each required evaluation phase must reach, as a share of the opening balance. An account bought without an evaluation has none.
Compare this rule across accounts
Read the guide: How does the journey from purchase to payout work?
Loss mechanics
Loss mechanics: A $4,500 Maximum Loss Limit that trails the end-of-day balance: it starts at $145,500, follows the highest end-of-day balance and stops at $150,000. Reaching it at any time, on open or closed balance, liquidates the account, and the Qualified Account is closed.
Official sources: Alpha Futures · Direct (checked 6 November 2026); Alpha Futures · Help centre: Maximum Loss Limit (MLL) (checked 6 November 2026).
About this rule. How the maximum loss limit is set and how it trails or locks as the account grows.
Compare this rule across accounts
Read the guide: How do static, EOD, and intraday overall max loss differ?
Minimum days and time limits
Minimum days and time limits: None: Direct has no evaluation. A trade at least once every 10 trading days keeps an account active.
Official sources: Alpha Futures · Help centre: Direct Account Overview (checked 6 November 2026); Alpha Futures · Help centre: Inactivity Rule (checked 6 November 2026).
About this rule. The minimum number of trading or profitable days each evaluation phase requires, including any minimum the firm states a consistency rule sets, any time limit for passing, and any inactivity period after which the account is closed.
Compare this rule across accounts
Read the guide: What counts as a minimum trading day?
Read the guide: Time limits and inactivity: which clock are you reading?
Daily loss and contract limits
Daily loss and contract limits: A Daily Loss Limit of $3,000 (2% of the starting balance), a soft breach: when the day's P&L, open or closed, reaches the limit, positions are flattened and the account is locked until the next trading day (6 PM ET), without losing it. Up to 10 minis / 100 micros, with no scaling plan. MBT and MET count as full minis.
Official sources: Alpha Futures · Direct (checked 6 November 2026); Alpha Futures · Help centre: Daily Loss Guard (checked 6 November 2026); Alpha Futures · Terms and conditions (checked 6 November 2026); Alpha Futures · Help centre: What and When you can Trade (checked 6 November 2026).
About this rule. Two limits: any daily loss limit, and the most contracts the account may hold at once, counting minis and micros as the firm states.
Compare this rule across accounts
Read the guide: How do daily-loss rules compare across prop firms?
Read the guide: How does the firm count contracts toward the limit?
Payouts
First and later payouts
First and later payouts: No winning-day requirement: a withdrawal can be requested once the Withdrawal Profit Target and the 20% consistency rule are met. The target is $9,000 of profit for the first withdrawal and $6,000 of fresh profit for each later one; leftover profit does not carry over. Up to 4 requests a month.
Official sources: Alpha Futures · Help centre: Payout Policy (checked 6 November 2026); Alpha Futures · Help centre: Direct Account Overview (checked 6 November 2026); Alpha Futures · Direct (checked 6 November 2026).
About this rule. When the first payout can be requested and how often later requests are allowed. Waiting periods, qualifying days, review and payment are separate clocks.
Payout minimums and caps
Payout minimums and caps: From $500 up to $3,000 per request, at 90% of the amount requested. In the live program there is no maximum.
Official sources: Alpha Futures · Help centre: Payout Policy (checked 6 November 2026); Alpha Futures · Direct (checked 6 November 2026); Alpha Futures · Help centre: Maximum Withdrawal Request (checked 6 November 2026).
About this rule. The smallest request allowed and any limit on how much can be withdrawn per request or cycle.
Funded consistency rules
Funded consistency rules: 20%: no single trading day's profit may be 20% or more of the net profit since the last withdrawal request. Until it is met no withdrawal can be requested; the account is not breached, and the rule starts again after each request.
Official source: Alpha Futures · Help centre: Consistency Rule (checked 6 November 2026).
About this rule. Rules on how profit must be spread across days or trades before a funded payout, and any required profitable days.
After a payout
After a payout: The Maximum Loss Limit stays where it was when the withdrawal is made. The Withdrawal Profit Target starts again: the next $6,000 must come from new trades. Trades must be closed when a request is made, and trading pauses until the amount is withdrawn.
Official sources: Alpha Futures · Home (checked 6 November 2026); Alpha Futures · Help centre: Direct Account Overview (checked 6 November 2026); Alpha Futures · Terms and conditions (checked 6 November 2026).
About this rule. What changes on the account after a payout, such as how the loss limit resets or when the account closes.
Compare this rule across accounts
Read the guide: How do actual programs handle the post-payout threshold?
Published processing time
Published processing time: Approved payouts are currently paid within five business days or less. The terms say within 3 business days, or up to 14 business days when the account needs more verification checks.
Official sources: Alpha Futures · Home (checked 6 November 2026); Alpha Futures · Terms and conditions (checked 6 November 2026).
About this rule. How long the firm says review and payment take after a request. These are published estimates, not measured times.
Compare this rule across accounts
Read the guide: What do “24-hour,” “instant,” and “on-demand” payouts mean?
Refunds
Fee refund with a reward
Fee refund with a reward: None: the return policy says all sales are final and no refunds will be issued.
Official source: Alpha Futures · Return policy (checked 6 November 2026).
About this rule. Whether and when the challenge fee is paid back after a successful payout.
Cancellation refund
Cancellation refund: The return policy says all sales are final and no refunds will be issued. The General Service Agreement allows a refund requested within 14 days of the service being made available and before any trade is placed.
Official sources: Alpha Futures · Return policy (checked 6 November 2026); Alpha Futures · General service agreement (checked 6 November 2026).
About this rule. Whether a purchase can be cancelled and refunded, and on what conditions.
Trading rules
News and overnight holding
News and overnight holding: In the Qualified Account, no order may be executed from 2 minutes before to 2 minutes after a high-impact news event (a red folder on Forex Factory for the asset traded), and positions may be held through it. A first breach is a warning: the profit from those trades is void and the payout denied; a later one breaches the account. All trades must be closed before 4:20 PM ET each day, in every account, so nothing is held overnight or over the weekend; Alpha Futures closes any left open.News trading: restricted.Overnight and weekend holding: prohibited.
Official sources: Alpha Futures · Help centre: News Trading Policy (checked 6 November 2026); Alpha Futures · Help centre: What and When you can Trade (checked 6 November 2026); Alpha Futures · Terms and conditions (checked 6 November 2026).
News trading by stage
- Funded
- Restricted. No order may be executed from 2 minutes before to 2 minutes after a high-impact news event (a red folder on Forex Factory); positions may be held through it.
Official source: Alpha Futures · Help centre: News Trading Policy (checked 6 November 2026).
Overnight and weekend holding by stage
- Funded
- Prohibited.
Official sources: Alpha Futures · Help centre: What and When you can Trade (checked 6 November 2026); Alpha Futures · Terms and conditions (checked 6 November 2026).
About this rule. Restrictions around scheduled news and whether positions can be held past the session close.
Compare this rule across accounts
Read the guide: How do futures programs handle session-to-session holding?
Expert advisors and copying
Expert advisors and copying: No AI, bots or other automated trading in any account; semi-automated signals are allowed when the trader places, monitors and manages each trade by hand, and strategies of 100 or more trades a day are not accepted. Copy trading is allowed when one person executes the trades on their own Alpha Futures accounts; automated, group and reverse trading (opposite positions across accounts) are prohibited.Expert advisors: prohibited.Copying your own trades: restricted.
Official sources: Alpha Futures · Help centre: Prohibited Trading Practices (checked 6 November 2026); Alpha Futures · Help centre: Copy Trading (checked 6 November 2026).
Expert advisors by stage
- Funded
- Prohibited.
Official source: Alpha Futures · Help centre: Prohibited Trading Practices (checked 6 November 2026).
Copying your own trades by stage
- Funded
- Restricted. Only when one person executes the trades on their own Alpha Futures accounts; automated, group and reverse trading are prohibited.
Official source: Alpha Futures · Help centre: Copy Trading (checked 6 November 2026).
About this rule. Whether automated strategies are allowed and whether trades can be copied between your own accounts.
Compare this rule across accounts
Read the guide: Automation and copying: what actually needs permission?
Platforms & eligibility
Platforms
Platforms: Chosen at purchase and not interchangeable after: AlphaTrader (Alpha Futures' own platform, on the web and a mobile app), TradingView (connected through Plus500, with the AlphaTrader login), WealthCharts, DeepChart by Volumetrica Trading (with its "OrderFlow" package included) and Quantower (desktop only, on the dxFeed data feed). Real-time data on each needs a signed Non-Professional Agreement.
Official sources: Alpha Futures · Help centre: Trading Platforms (checked 6 November 2026); Alpha Futures · Platforms (checked 6 November 2026); Alpha Futures · Help centre: How to trade with TradingView (checked 6 November 2026); Alpha Futures · Help centre: Getting Started with Deepchart (checked 6 November 2026); Alpha Futures · Help centre: Getting Started with AlphaTrader (checked 6 November 2026).
About this rule. The platforms the firm offers in this market, with any extra charge or country limit it states. It is the firm's list for all its accounts in the market.
Platform access and eligibility
Platform access and eligibility: AlphaTrader, one of five platforms chosen at purchase (with TradingView through Plus500, WealthCharts, DeepChart and Quantower) and not interchangeable after. The Qualified Account is simulated. 18 or over; identity verification (KYC) before a Qualified Account; not available to people in 61 listed countries and territories, even when visiting them. Up to 5 Direct Qualified Accounts (3 while an Advanced Qualified Account is active); one individual per household.
Official sources: Alpha Futures · Help centre: Trading Platforms (checked 6 November 2026); Alpha Futures · Home (checked 6 November 2026); Alpha Futures · Terms and conditions (checked 6 November 2026); Alpha Futures · Help centre: Completing KYC (checked 6 November 2026); Alpha Futures · Help centre: Countries with Limitations (checked 6 November 2026); Alpha Futures · Help centre: Maximum Allocation (checked 6 November 2026).
About this rule. Who can buy the account: age, identity checks and country restrictions, and any platform limits by country.
Ratings
Not rated. Overall program scores and reliability ratings are not published yet; the figures above are measurements of stated terms, not a verdict.
Related accounts
Background guides
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