Alpha Trader Firm – Firm Review
- Superior coaching from industry professionals
- Fast completion of account milestones
- Cutting-edge platform for market execution
- Immediate withdrawals without hidden fees
- Exceptional support throughout your journey
Company Overview
Alpha Trader Firm is a proprietary trading firm that offers funded trading accounts to both novice and experienced traders. Established with the mission to empower traders worldwide, they provide access to substantial capital without requiring personal investment risk. Their two-phase evaluation processâChallenge and Verificationâis designed to identify disciplined traders who can demonstrate consistent profitability while adhering to risk management protocols.
Alpha Trader Firm distinguishes itself through competitive profit splits, various account sizes from $10,000 to $200,000, and trader-friendly rules. They support multiple trading platforms and offer access to major financial markets including forex, indices, commodities, and cryptocurrencies. With a focus on transparency and trader development, Alpha Trader Firm provides a pathway for skilled traders to access institutional capital and build sustainable trading careers.
Key Features at a Glance
Challenge Fees
- Standard Challenge – One-time fee ranging from $97 to $697 depending on account size
- Professional Challenge – One-time fee ranging from $177 to $997 for accounts with more flexible trading parameters
- Refundable Fee Option – Challenge fee is refunded after first profit withdrawal
- Discount Programs – Regular promotions available for new traders
Account Types
- Standard Challenge: Entry-level account with 8% profit target and standard risk parameters
- Professional Challenge: Advanced account with more aggressive trading style, 12% profit target and relaxed trading rules
- Funded Account: Awarded after successful completion of Challenge and Verification phases
- Scaling Account: Opportunity to increase account size after consistent performance
Profit Split Options
- Standard Profit Split: 80/20 profit sharing (80% to trader, 20% to firm)
- Loyalty Program: Profit split increasing to 85/15 after 3 months of consistent performance
- Elite Trader Program: Up to 90/10 profit split for exceptional traders
- Bi-weekly Payouts: Regular profit distributions every two weeks
Account Sizes
- $10,000: Entry-level account with $97 challenge fee (Standard) or $177 (Professional)
- $25,000: Mid-tier account with $197 challenge fee (Standard) or $297 (Professional)
- $50,000: Advanced account with $297 challenge fee (Standard) or $397 (Professional)
- $100,000: Professional account with $497 challenge fee (Standard) or $697 (Professional)
- $200,000: Expert account with $697 challenge fee (Standard) or $997 (Professional)
Trading Platforms
- MetaTrader 4: Industry-standard platform with advanced charting and technical analysis tools
- MetaTrader 5: Next-generation platform with enhanced features and multi-asset trading capabilities
- TradingView: Web-based platform with social trading features and advanced charting
- cTrader: ECN trading platform with direct market access and advanced order types
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads
- Indices: Global stock indices including S&P 500, NASDAQ, DAX, and more
- Commodities: Energy products, precious metals, and agricultural commodities
- Cryptocurrencies: Major cryptocurrencies including Bitcoin, Ethereum, and others
- Stocks: Select stocks from major global exchanges
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days | 60 days |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | No time limit | No time limit |
| Profit Target | 12% | 8% |
| Daily Drawdown | 6% | 6% |
| Maximum Drawdown | 12% | 12% |
| Minimum Trading Days | 5 days | 5 days |
Challenge Specifications
- Max Allocation: Initial funding up to $200,000 with opportunity to scale to $1,000,000
- Scaling: 25% increase in account size after every 3 months of consistent profitability
- Trading Competitions: Monthly competitions with prizes including free challenge accounts and cash rewards
- Free Trial: 7-day demo account available to test trading conditions before purchasing a challenge
- Profit Targets: 8% for Standard Challenge, 12% for Professional Challenge with no time limit
- Drawdown Structure:
- Daily: 5% loss limit from previous day’s closing balance (Standard), 6% for Professional
- Maximum: 10% overall account drawdown from initial balance (Standard), 12% for Professional
- Trailing: Not implemented, fixed maximum drawdown from initial balance
Trading Rules and Requirements
- No lot size restrictions during trading hours
- Maximum holding period of 7 days for all positions
- Weekend holding permitted with reduced lot size (50% reduction recommended)
- No hedging restrictions between different instruments
- No news trading restrictions during major economic announcements
- Minimum 10 trading days required during Challenge phase (5 for Professional)
- No EA (Expert Advisor) restrictions, automated trading allowed
- No minimum time between trades required
Company Information
- Founded in 2020 by a team of professional traders and financial experts
- Headquarters located in London, UK with satellite offices in New York and Singapore
- Regulated by the Financial Conduct Authority (FCA) in the UK
- 24/7 customer support via live chat, email, and phone
- Active community of over 25,000 traders worldwide
- Educational resources including webinars, trading courses, and market analysis
Payout Methods
- Bank Wire Transfer (3-5 business days)
- PayPal (1-2 business days)
- Skrill (24-48 hours)
- Neteller (24-48 hours)
- Bitcoin and other cryptocurrencies (1-24 hours)
- Minimum payout amount: $100
- Bi-weekly payout schedule with no maximum withdrawal limits
Trading Commissions
- Forex pairs: $7 per lot round turn
- Indices: $7 per lot round turn
- Commodities: $7 per lot round turn
- Cryptocurrencies: 0.05% of trade value
- Stocks: $0.02 per share with $1 minimum
- Commission structure mirrors live market conditions
- No hidden fees or additional charges
IP Rules
- Trading from multiple IP addresses allowed with prior notification
- VPN usage permitted but must be consistent
- Multiple devices allowed under same account
- Travel accommodations available with 24-hour notice
- IP changes must be reported to compliance department
- No restrictions on geographical location of traders
Video Review
Alpha Trader Firm Review
Comprehensive review of Alpha Trader Firm trading services
Unique Features
Trader Support
- One-on-one coaching sessions with professional traders
- Weekly market analysis and trade idea webinars
- Active Discord community with trader chat rooms
- Trade psychology workshops and risk management training
Technical Advantages
- Ultra-low latency execution with average speeds of 12ms
- Advanced trading dashboard with real-time metrics
- Trade journal integration for performance analysis
- Custom indicator library and strategy backtesting tools
Flexibility Features
- Challenge reset option available at 50% discount
- Account pause feature for vacations (up to 2 weeks)
- Multiple account management under single dashboard
- Customizable risk parameters for funded accounts
Why Choose Alpha Trader Firm?
Alpha Trader Firm stands out among prop trading firms with its trader-centric approach and comprehensive support system. Their funding model is designed to identify and nurture skilled traders while providing substantial capital access without personal risk.
Key advantages include:
- High profit splits starting at 80/20 and increasing to 90/10 for elite traders
- Flexible trading rules with no time restrictions on challenge completion
- Scaling program that allows accounts to grow up to $1 million
- Bi-weekly payouts with multiple withdrawal options
- Comprehensive educational resources and one-on-one coaching
- Advanced trading infrastructure with low-latency execution
- Transparent fee structure with no hidden costs
- Active trader community for networking and knowledge sharing
Frequently Asked Questions
How long does it take to get funded?
The time to get funded depends on your trading performance. With the Standard Challenge, you need to achieve an 8% profit target in the first phase and a 5% profit target in the verification phase, with minimum trading days requirements. With the Professional Challenge, you must reach higher profit targets (12% and 8%) but have no time limits. Most successful traders complete both phases within 1-3 months.
Can I hold positions over the weekend?
Yes, weekend holding is permitted at Alpha Trader Firm. However, it’s recommended to reduce your position size by approximately 50% to manage the risk of weekend gaps. There are no penalties for holding over weekends, but proper risk management is encouraged to protect your account from unexpected market volatility when markets reopen.
What happens if I break a rule?
If you break a trading rule, the consequences depend on the severity of the violation. Minor infractions may result in a warning, while major violations like exceeding maximum drawdown limits will result in automatic account termination. Alpha Trader Firm has a three-strike policy for less serious rule breaches. They also provide a compliance support team to help traders understand and follow the rules properly.
Can I trade news events?
Yes, Alpha Trader Firm allows trading during major news events and economic announcements. Unlike some prop firms that restrict trading during high-volatility periods, Alpha Trader recognizes that news trading is a legitimate strategy for many traders. However, they recommend using proper risk management techniques during these volatile periods to protect your account from excessive drawdown.
How often can I withdraw profits?
Alpha Trader Firm offers bi-weekly profit withdrawals. Once you’ve successfully completed both challenge phases and received a funded account, you can request withdrawals of your profit share (80-90%) every two weeks. There is a minimum withdrawal amount of $100, but no maximum limit. Withdrawal requests are processed within 24 hours, with actual receipt time depending on your chosen payment method.
