Alpha Futures Review

The short answer

Alpha Futures sells four materially different futures routes.

• Zero, Standard and Advanced are monthly evaluations; Direct starts at a simulated Qualified Account for a one-time fee. Their consistency tests, minimum trading periods, loss rules and path to a performance-fee request do not line up.
• The loss floor trails at the close on every route and stops once it reaches the starting balance.
• Consistency changes by route and by stage, so a rule read on one route does not describe another.
• Daily-loss coverage is uneven across the catalog.

The contract is the main catch. Its Terms let Alpha decide alone whether a performance fee is paid, close an account on suspicion of a breach, and end access over public criticism it judges negative. No evaluation has been purchased and no payout observed.

How it works

Alpha Futures is not one challenge sold at several sizes. The first decision is which route matches the way you trade, because the four route names conceal different account stages and concentration rules.

The table is a route map, not a ranking. Zero removes the evaluation concentration test, but the same idea returns after qualification. Standard brings that test into evaluation. Advanced uses a different threshold and, on its program card, a longer evaluation minimum. Direct removes the pass-or-fail evaluation while retaining profit, loss, and consistency conditions around withdrawals.

This distinction prevents a common shopping error. Zero has no consistency test in its evaluation, but that does not mean it has no consistency rule at all. Qualified Zero accounts still face a concentration limit between performance-fee requests. Direct has another threshold. Standard applies one in evaluation and another between Qualified-stage requests, while Advanced applies one in evaluation only. The stage is as important as the percentage.

Alpha Futures describes Qualified and Direct accounts as simulated. Skipping the evaluation does not turn Direct into a live-money brokerage account. The fee purchases access to a simulated program governed by its published conditions.

Platform choice is not one of the differences between the routes. All five of its platforms are offered on all four routes, so the route you pick decides the rules and the billing, not the terminal you trade on. If your strategy depends on a specific connection, data feed, order type, or trade copier, confirm that detail for the platform you choose before paying.

What it costs

Alpha Futures' program cards and its Monthly Subscription help article give the same monthly fee for each monthly route and account size.

Even so, confirm the price where you pay. Open the route card, continue to the final order summary, and check that the route, account tier, billing cycle, and total all agree. Save that summary with the rules you accepted.

The billing model also changes how you compare futures prop firm challenge prices. Zero, Standard, and Advanced are monthly evaluations. Direct carries a one-time entry fee and starts at the Qualified stage. A single “starting price” would place recurring evaluation access beside a one-time simulated Qualified product and call them equivalent. They are not. Neither the Alpha Futures website nor its Terms mention a free trial or practice account.

According to the help center, monthly cost is sensitive to time only until you pass. It says “The Evaluation subscription automatically ends once you pass”, and “Qualified Traders do not pay a monthly subscription.” The Zero and Standard plan pages are less clear, saying “Your monthly stays the same after you qualify”, so confirm in writing whether a Qualified account bills before you rely on the help center. A trader who needs another billing period has paid more to continue the same evaluation. Direct removes that renewal exposure, but its higher initial fee buys a route with payout targets and consistency conditions from the start. Compare the likely cost of your path, not only the first charge.

Advanced costs more than the lower-priced monthly routes at comparable tiers shown on the live cards. That extra charge does not establish a better product. Its published rules show a different evaluation schedule and drawdown allowance, no scaling plan, no consistency rule once qualified, and a request cap of $15,000 at every size. Whether those differences are worth the fee depends on how you trade.

Before purchase, check these together:

• exact route and account tier
• monthly or one-time billing
• final checkout total
• reset, retry, or cancellation terms
• platform availability for the selected route
• rules that apply after qualification

Reset fees and cancellation terms are published, and both change the arithmetic. At the help center’s prices, an evaluation reset costs less than a month’s fee at every size (on Zero, $79 to $249 against $89 to $279 a month) and does not change your monthly rebill date, so it is paid on top of the monthly fee rather than instead of it. Condition 7.4.1(h) of the Terms describes a reset differently, as an additional monthly evaluation fee that moves your payment date, although Schedule 1 of the same Terms says resets do not affect the rebill date, so check the price and your rebill date on the dashboard before you buy one. Zero and Standard Qualified accounts can also be reset, up to twice per account, within 7 days of a breach and only if the account never reached a payout request; Advanced Qualified accounts cannot. An Analyst Account subscription can be canceled at any time, with access running to the date the next monthly fee would have been taken.

A consumer also has a 14-day cooling-off right from the day the account is opened, but condition 15.2 treats that right as waived at the point you access the account to place your first virtual trade. The General Service Agreement says the same at 5.1: “Once a trade is executed, the User forfeits the right to request a refund for the Services”. The site’s Return Policy page goes further and states “All sales are final, no refunds will be issued.”, although both contract documents allow a refund within 14 days if you have not traded. If you want it, ask in writing within 14 days and before your first trade; after that, treat the fee as spent.

Who you are dealing with

The company named in the contract documents is Alpha Futures Limited. Its Terms and Conditions open by naming the provider of the services as “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”. The same document is governed by English law and tells a buyer they may bring claims in the English courts, or in the courts of Wales, Scotland or Northern Ireland if they live there. The firm also says it is not authorized by the Financial Conduct Authority and that “our services will not be covered by the Financial Ombudsman Service”, so a court claim is the only route for a refused payout. Condition 26.2 then makes you liable for all of Alpha’s legal costs in any case where it enforces the Terms or defends a claim, including one you bring, “regardless of the outcome of such proceedings”. Winning a claim over an unpaid fee would not, on that wording, spare you Alpha’s legal bill.

The site’s General Service Agreement, a separate contract document, gives the same name with a different company number: “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”. A buyer cannot tell from the two documents which of the two companies takes the money, so ask the firm in writing before a large purchase.

Worth noting before you need it: the Terms themselves carry two addresses. Harpenden is given as the principal place of business, while condition 24, which governs formal notices, directs them to Alpha Futures Limited at “10 Lower Thames Street, Billingsgate, London, EC3R 6AF”. That London address is also the one the General Service Agreement gives as the registered office. Send anything formal, including a cooling-off notice or a complaint, to the condition 24 address, because that is the one the Terms name for notices.

The About page names an officer and a founding year. It titles George Kohler “Managing Director & Founder Of Alpha Futures”, and the same page dates the firm’s founding to the third quarter of 2023. The page never uses the word CEO of anyone.

Its own posts describe a wider group. These are the firm’s words, not our inference:

• Alpha Capital
• ACG Markets
• Alpha Prime
• Divento Financials
• My Alpha
• Alpha LATAM
• Alpha Trader

Its own post on Divento Financials says Alpha Prime acquired that firm in March 2026. So a buyer is dealing with a multi-brand group, and it is the contract documents rather than the marketing pages that name the company.

Its Trustpilot profile scored 4.5 across 5,802 reviews on 27 August 2026, with 88% at five stars against 8% at one. Star counts are not payouts, and no payout from Alpha Futures has been observed.

Platforms and trading conditions

Alpha Futures offers five platforms, all chosen at checkout. Two run through a connection the firm names; for the other three it names none:

• AlphaTrader, the firm’s in-house platform, web based
• WealthCharts, web based
• Deepcharts, by Volumetrica Trading, web or desktop, with complimentary access to its “OrderFlow” package
• Quantower, desktop only, on a dxFeed data feed with Volumetrica Trading as clearing house
• TradingView, with the connection powered by Plus500

Platform choice is locked at purchase. The help center says so plainly: “Please note, platform choices are not interchangeable after purchase.” So the platform has to be settled before you pay. On every platform, real-time data only starts once you have signed a Non-Professional Agreement.

NinjaTrader and Tradovate are no longer on the list. The firm and NinjaTrader parted ways in July 2026, and its own update says “New accounts can no longer be issued on NinjaTrader, Tradovate, or TradingView”. TradingView has since returned through Plus500, so an older Alpha Futures post that lists NinjaTrader or Tradovate is out of date.

Instruments are CME Group products. Exposure is capped by contract count, and the cap varies by route and account size: on the help center’s account overviews, a $100,000 account allows 10 contracts or 100 micros on Standard and Advanced, 6 contracts or 60 micros on Zero, and 8 contracts or 80 micros on Direct. At the Qualified stage a scaling plan holds those positions lower until the account has built profit, but only on Zero 50k and 100k and on Standard. The help center says “There is no Scaling Plan on Advanced Accounts.” and “No Scaling Plan on Direct Qualified Accounts”, and the Zero overview lists none for the 25k size. A Zero 100k account starts at 2 contracts or 20 micros and reaches its full 6 contracts or 60 micros once profit reaches $4,500. One exception applies to the micro counts: the firm treats MBT and MET as full mini contracts, so “5 MBT = 5 full contracts”.

The rules that matter

Alpha Futures does not run one rule set across its routes. The loss floor trails at the close on every route, but consistency changes by route and by stage, and daily-loss coverage is uneven across the catalog. Read the route you are buying, because the numbers on one do not carry to another.

The loss floor is the one rule that works the same way everywhere. Alpha Futures states it once, for every account it sells: “The Maximum Loss Limit (MLL) is EOD (end of day) trailing on all of our accounts here at Alpha Futures. None of our accounts utilize intraday trailing drawdown you will see elsewhere in industry.” That is different from a fixed floor. It moves up only when a day closes at a new balance high, and the firm says “The Maximum Loss Limit is calculated from your account balance high at the end of each trading day, not intraday equity high like many others out there.”

What Zero’s limits mean on a $100,000 evaluation

On the Zero overview’s figures, a $100,000 Zero evaluation has a profit target of $6,000, a maximum loss allowance of $3,000, and a Daily Loss Guard of $2,000.

Two things follow from those three numbers. The target is twice the total allowance, so the account has to make twice what it can afford to lose. And the daily guard is two-thirds of the total allowance, so a single bad day can consume most of the account’s life.

Because the floor trails at the close, the $3,000 is measured from the account’s highest closing balance, not from $100,000, until the floor reaches the starting balance. A trader whose best close so far is $101,500 has a floor at $98,500, not at $97,000. The floor keeps rising with each new closing high until it reaches the starting balance, and then it stops: “Maximum Loss Limit stops trailing at the account starting balance on all of our accounts.” Once a day closes at $103,000 or higher, the floor stays at $100,000.

The end-of-day update gives a trader one useful boundary: the floor moves once a day, not with every intraday high. The breach itself is checked at any moment, on open positions as well as closed ones: “If you break MLL at any point, floating equity or closed balance of account, your account will be liquidated.” So the floor is set from closing balances, but an open loss that crosses it during the day still ends the account.

Standard and Advanced must not inherit Zero’s numbers

Standard and Advanced carry their own loss allowances. On the help center’s account overviews, Standard’s maximum loss limit is $2,000, $3,000 and $4,500 on the $50,000, $100,000 and $150,000 accounts; on Advanced it is $1,750, $3,500 and $5,250. The evaluation tables in the Terms give those as 3 to 4% on Standard and 3.5% on Advanced, while the note printed beneath the tables calls the limit “a trailing drawdown set at 4% of all account sizes”. The table and the note do not agree, so size against the dollar figure for the route and account you buy, and ask the firm which figure governs if the difference matters to you.

Consistency changes by route and by stage

The concentration rules also need to be read by stage:

• Zero has no evaluation consistency test, then applies one between Qualified-stage requests.
• Standard applies a consistency test during evaluation and requires more than one trading day, then applies a 40% test between Qualified-stage requests.
• Advanced uses a different evaluation threshold and, on its program card, a longer minimum period, and has no consistency rule once qualified.
• Direct applies its consistency condition at the simulated Qualified stage.

These rules affect strategy fit. A trader who depends on one outsized winning session may find a consistency threshold more restrictive than the headline profit target. A slower, distributed strategy may care more about monthly renewal exposure and the loss-floor basis.

Daily-loss coverage is uneven

Daily-loss coverage is also uneven, and the firm sets that out itself. The Zero evaluation carries a Daily Loss Guard of 2% of the starting account balance, while the Standard and Advanced evaluation tables record that column as “None”. Once qualified, Zero, Standard and Direct accounts all carry a guard: $500 on a $25,000 account, $1,000 on $50,000, $2,000 on $100,000 and $3,000 on $150,000, at whichever of those sizes the route sells. Advanced has none at either stage. Hitting the guard does not close the account: open positions are flattened, pending orders are canceled, and the account is locked until 6PM ET the next trading day. It is a trigger, not a guaranteed stop: the firm warns it will not return exact fills of a 2% loss, and a breach of the maximum loss limit still ends the account. The number a buyer lives under therefore depends on the stage as much as on the route.

What the trading rules restrict

The trading rules are more specific than the program cards suggest, and three of them decide whether a strategy fits at all. Automation is the strictest: the firm restricts high-frequency systems running more than 100 trades a day and calls “The use of AI, bots, and other automated trading mechanisms” strictly prohibited across all account types, allowing semi-automated signals only where the trader manually places, monitors and manages each trade. Copy trading is narrow: the Terms allow it only from your own external account into the Alpha Futures account, the help center allows it only where a single person, the account holder, executes the trades, and copying another analyst is grounds for instant termination.

Account limits matter too. While an Analyst Account has no cap on how many you hold, Qualified accounts are capped at five in total, per person and per household under the Terms, with lower limits on some routes. The help center allows five on Zero, Direct and current Standard accounts, and three on Advanced or on Standard accounts from before 27 July 2026, and it limits any user with an active Advanced Qualified account to three overall. The Terms extend that overall limit of three to a user with an active Standard Qualified account. Only one individual per household may use the service.

News trading is where the routes split again. There are no news restrictions on any evaluation account, and none on Advanced Qualified accounts. Zero, Standard and Direct Qualified accounts may hold a position through a release, but under the help center’s policy may not execute an order within two minutes either side of a high-impact event related to the asset being traded, judged against the red-folder entries on the ForexFactory calendar the firm names. The Terms set the price of a breach: “your profits on the trade within the 4 minute window will be void, your payout will be denied”, and the next request waits for the following payout date.

What the contract lets Alpha decide

The trading rules are only part of what can end an account. The Terms leave several of the deciding calls to Alpha, and a trader should read these before buying any route.

An account can be closed on suspicion. Condition 6.1 says “Alpha may terminate and/or may suspend a User’s access to the Services (or any part thereof) if a User fails, or Alpha suspects that a User has failed, to comply with any term or provision of these Terms.” The Terms set no standard of proof, no notice and no appeal, and the General Service Agreement repeats the clause at 7.1. Schedule 5 adds that a passed evaluation can be reviewed and that “Users found guilty of policy ignorance or abuse will not advance to the qualified phase.”

Public criticism can cost you the account. Under condition 26.1 you agree, during the Terms and after they end, not to make any public statement, on social media or to any third party, “that could be construed as negative, defamatory, or disparaging”. The clause is not limited to false statements, and “the determination as to what is and/or amounts to a breach of this condition 26.1 is to be made by Alpha exclusively”. A breach lets Alpha end your access and seek an injunction and damages. A second clause, 6.3, repeated at 7.3 of the General Service Agreement, lets Alpha end access where a user causes losses that “may damage Alpha’s business or good reputation”.

Profit can be voided after it is made. Condition 8.1.7 reserves the right “to determine, at our own discretion, whether certain virtual trades, practices, strategies, or situations are not allowed”, and Schedule 5 says “Virtual profits generated from prohibited trading practices will be void.” Some listed practices carry no number. Opening and closing positions in under 2 minutes “without any plan” is “only an issue when it is a large sum of the analyst’s profit”, and the Terms do not say what a large sum is.

Changing your size can end a Qualified account. Schedule 4, at 1.3.2, says a Qualified trader “is required to maintain the same level of risk” and that “a breach of the risk will result in instant termination of the Services”. The only guide is an example about a $100k exposure. The Terms do not say how risk is measured or how much change is allowed, so sizing down after a loss is not clearly safe.

The rules can change once posted. Condition 4.1 lets Alpha change any part of the Terms “by posting updates to these Terms on our website”, with an email promised only for a material change to a challenge you are already taking, and condition 4.3 treats continued use as acceptance. The Schedule 5 trading rules apply “as soon as they are posted to our Site” (8.1.8), and where the Schedules and the site disagree on challenge requirements, condition 1.4 says “our Site shall take precedence”. Save the rules on the day you buy, and check them again before each payout request.

Getting paid

The published rules describe conditions around a performance-fee request, not an observed payment record. The help center sets the pace. On Zero, Standard and Advanced, a trader can request payment “up to 4 times a month”, once every five winning trading days of $200 or more, and each request can take up to 50% of the profit in the account. Direct has “the same profit split, but no winning day requirement”. It uses a profit target instead, higher for the first request than for later ones, and “Leftover profit from the previous cycle does not carry over.”

The split depends on which document you read. The plan pages say “Keep 90% of your performance fees, from your first eligible request”, and the help center says the trader receives 90% of each request. The General Service Agreement on the same site says “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.” Ask the firm which applies before you rely on 90%, and budget for 70% on the first two payouts until it answers.

The size of each request, and the consistency test that gates it, change by route. The minimum and maximum apply to each request, and the last column is the test applied between Qualified-stage requests:

The firm gives the Direct 50k cap two ways. Its Payout Policy and its Direct account overview say $2,000, while its Maximum Withdrawal Request article says “50k Direct Qualified Account maximum withdrawal is $1,500”. Confirm which applies before buying that size.

Schedule 4 fills in what happens after a request. Requests are made from the account dashboard, bi-weekly or on demand, and the Terms leave the eligibility criteria for each to the FAQ. Every virtual trade must be closed at the time of the request, and trading is paused until the money has left the account balance. Payment is by wire transfer or through Checkout.com, CoinPayments, Nuvei or Rise, within three business days under Schedule 4, 1.2.7, or up to fourteen business days where the account needs further verification. The firm’s latest payout post gives a different clock: “Once approved, an Alpha Futures payout is paid in five business days or less.” An older post still says 48 business hours or less. An exchange-rate fee set by the provider applies if the money is received in a domestic currency. The help center lists ACH, wire, SWIFT, Wise and Rise, all in US dollars.

What is published is the procedure, not a promise to pay. Under condition 7.2 “you are not entitled to the payment of the virtual funds generated within your Alpha Futures Account”. What you can receive is a performance fee, which Schedule 4 says Alpha will “in our sole discretion provide”, and which is not paid where Alpha decides, again “in our sole discretion”, that a trade broke the rules. The General Service Agreement says the same at 12.1: the fee is paid “in Alpha’s sole and absolute discretion”. The firm’s payout policy, which the Terms also reproduce, says “follow the rules and you will be paid out”, but the clauses above leave the fee to Alpha’s discretion, and Alpha decides both whether a rule was broken and whether to pay.

Your trades also work for the firm. Schedule 4, at 1.2.2, lets Alpha pool them with every other Qualified trader’s and share them with an affiliate that “may use the data as signals to enter the live markets on its own capital”, with no time limit stated. Your share of what that earns is the performance fee Alpha pays at its discretion.

No Alpha Futures account has been taken from purchase through a payout request. No transfer has been observed. PropFirmGrade therefore does not describe Alpha Futures payouts as verified, reliable, or guaranteed. The firm remains untested.

One record from the firm itself does bear on payment. When it discontinued its Premium plan in July 2026, its first batch of Premium payouts came to “10% of outstanding Premium Account payouts”, and its latest payout post says of the rest: “The next batch is planned to go out within the next 1–2 weeks. Throughout October, we will accelerate the pace of clearing the remaining Premium payout queue.” That queue belongs to a plan no longer sold, not to the four routes above, but it is the firm’s own statement that Premium payouts are still pending.

A shopper considering Direct should settle the 50k cap before paying, because the route begins where the monthly products eventually arrive. The consistency figures in the table are eligibility tests, not breach rules: to request a payout, the largest day must be less than 40% of net profit since the last request on Zero and Standard, or less than 20% on Direct. A bigger day delays the request until more profit is made; it does not breach the account. The test resets after each request, so a large day is measured only against profit made since the last one.

Who can join

Alpha Futures sells futures programs, and its help center names CME Group products as what can be traded. Eligibility turns on where you live and your citizenship: “To be able to trade with us, you need to be either a resident or a citizen of a non-restricted country.” The firm adds that trading is not permitted even while visiting or traveling through a restricted country.

Its Countries with Limitations article names the restricted countries: 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 and Zimbabwe. The list includes Bulgaria, Croatia, Romania and Slovenia, so a trader in the European Union should check it too. The Terms add that the services are intended for people over 18 “residing in the country for which the Services are available”.

Identity checks come before any Qualified account or performance fee. The help center sets out what the check involves:

• a government-issued ID, such as a driver’s license, passport or ID card, with paper forms of identification not accepted
• a selfie for facial matching, taken through Veriff
• no VPN or VPS during the check, which the firm says can lead to account closure

A trader who cannot pass the screening is not issued a Qualified account, and the firm says the passed or active evaluation is refunded in full instead.

The domain is hyphenated, alpha-futures.com. Confirm that address when following payment or support links. This is an identity safeguard, not evidence about the firm’s performance.

Why this grade

Rule fairness does most of the damage at Alpha Futures, where the firm alone decides whether to pay the performance fee and can shut an account on suspicion, with a floor trailing each close behind it. Whether it pays, and how support answers, is unscored.

Our verdict

Alpha Futures offers real route choice, but the names do not tell the whole story. Zero, Standard, Advanced, and Direct differ in billing, account stage, consistency, and loss rules. Direct skips evaluation but not performance conditions. Zero removes consistency only during evaluation. Standard and Advanced should not inherit rules from either of them. The catch on every route is the contract: Alpha decides alone whether a rule was broken, whether a performance fee is paid, and whether public criticism ends your access.

Best for

A futures trader who has decided which route they want before they open the checkout, and who will confirm the fee and the rule set on the same day they buy. Zero drops the consistency test during evaluation and Direct removes monthly evaluation exposure entirely, so the four routes answer genuinely different questions. It suits a trader who accepts that payment is at the firm’s discretion and has budgeted the fee as spent.

Avoid if

You need a contract that commits the firm to pay a performance fee you have earned, or you want to stay free to criticize the firm in public. Or you want to know for certain which company takes your money, because the Terms and the General Service Agreement give Alpha Futures Limited two different company numbers. Or you are buying Advanced, or Standard at 100k or 150k, and want a single unambiguous maximum loss limit, because the firm’s table and the note directly beneath it give two different percentages for the same rule.

In its favor:

• Four routes provide distinct paths instead of cosmetic account variants
• Zero removes the consistency test during evaluation
• Direct removes monthly evaluation exposure
• The live program cards disclose several stage-specific rules
• The loss floor trails only at the close, never intraday, and stops at the starting balance

Set against that:

• Performance fees are paid at Alpha’s sole discretion, and an account can be closed on suspicion of a breach
• Public criticism Alpha judges negative can end your access, and Alpha alone decides
• You pay Alpha’s legal costs when it enforces the Terms or defends a claim, whatever the outcome
• Two help articles give different payout caps for the 50k Direct account
• The maximum loss limit is given two different percentages in the same document
• The General Service Agreement pays 70% on the first two payouts, against 90% on the plan pages
• Two contract documents give the same company name under two different company numbers
• The Return Policy calls all sales final, and the cooling-off right ends at the first trade
• No payout process has been independently observed

The immediate instruction is to choose the route first, then confirm its final checkout price and complete rule set on the same day. Save both. Until an account has been taken from purchase to payout, the payout procedure remains untested.

Questions traders ask

Facts checked: 9 October 2026. No payout independently verified.