Alpha Futures

Rules

Drawdown / Max Loss

Type of drawdown: End-of-day (EOD) trailing on all account types. Alpha Futures does not use intraday trailing drawdown.

How the MLL is calculated: The Maximum Loss Limit trails from the account balance high at the end of each trading day, not from the intraday equity high. For example, on a $50k Standard Account the starting MLL is $48,000 (a $2,000 buffer). If the end-of-day balance rises to $50,500, the MLL moves to $48,500. If the next day ends at $50,000, the MLL stays at $48,500 and never moves back down.

MLL locks at starting balance: Yes. Once the EOD balance reaches the original starting balance plus the full MLL buffer (e.g. $52,000 on a $50k Standard account, representing 4% gain), the MLL locks permanently at the starting balance and stops trailing.

Maximum Loss Limit by account size:

Account	Max Loss Limit
Standard 50k	$2,000
Standard 100k	$4,000
Standard 150k	$6,000
Advanced 50k	$1,750
Advanced 100k	$3,500
Advanced 150k	$5,250
Zero 25k	$1,000
Zero 50k	$2,000
Zero 100k	$3,000

Consequence of breaching MLL (Evaluation): The account is liquidated immediately (floating or closed equity). The account is no longer eligible to become a Qualified Account. The trader may purchase a Reset or wait for the monthly rebill to try again.

Consequence of breaching MLL (Simulated Funded / Qualified Account): The account is breached and closed. On Zero Qualified Accounts only, a Qualified Reset is available (up to 2 times, within 7 days of breach, and only if no payout has been requested).

Consequence of breaching MLL (Live Funded Account): Account is breached and the contract is terminated.

Daily Loss Guard (Daily Loss Limit):

The Daily Loss Guard is a soft-breach rule. Hitting it does not close the account; it locks the account until 6PM ET the next trading day. All open positions are flattened and pending orders cancelled when the limit is reached. The trigger is based on combined unrealized and realized P&L, including simulated commissions and fees.

Account Type	Stage	Daily Loss Guard
Standard	Evaluation	None
Standard 50k	Qualified	$1,000
Standard 100k	Qualified	$2,000
Standard 150k	Qualified	$3,000
Advanced	Evaluation and Qualified	None (traders may set their own within the platform)
Zero 25k	Evaluation and Qualified	$500
Zero 50k	Evaluation and Qualified	$1,000
Zero 100k	Evaluation and Qualified	$2,000
Live (Alpha Prime)	Live	30% of current account balance (starts at $3,000 on the $10,000 starting account)

The Daily Loss Guard is calculated at 2% of starting account balance on Standard and Zero Accounts. It is not intended to replace a stop loss; fills on liquidation orders will vary with market volatility.

Live Funded Account drawdown type: Static, non-trailing. Traders begin with a $10,000 account and a static $10,000 drawdown (not trailing).

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Consistency Rule

Evaluation (Standard and Advanced): A 50% consistency rule applies. A single trading day’s profit cannot exceed 50% of total net profits accumulated during the evaluation. The evaluation cannot be passed until this rule is satisfied. Zero Evaluations have no consistency rule, meaning a trader can pass in a single day.

Simulated Funded / Qualified (Standard and Zero): A 40% consistency rule applies. Profits from any single trading day since the last payout request cannot equal or exceed 40% of total net profits accumulated since that request. The payout button will be unavailable until the rule is satisfied. The account is not breached if the rule is violated; the trader must continue trading and building profit until the 40% threshold is met. The rule resets after each payout request.

Simulated Funded / Qualified (Advanced): No consistency rule applies at the Qualified stage.

Live Funded Account: No consistency rule.

Resolving a breach: The account is not closed. The trader must continue trading and accumulate more profit so that the largest single day falls below the applicable threshold as a percentage of total net profit since the last request. A calculator is available at https://consistencycalculator.alpha-futures.com/.

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Leverage

Evaluation and Simulated Funded (Qualified) stages:

Micros count toward the standard contract limit at a ratio of 10 micros per 1 mini contract. The figures below reflect the full position limit; a trader holding 3 minis has used the equivalent of 30 micros of capacity.

Standard and Advanced accounts (same position limits):

Account Balance	Max E-mini Contracts	Max Micro Contracts
Standard / Advanced 50k	5	50
Standard / Advanced 100k	10	100
Standard / Advanced 150k	15	150

Zero accounts:

Account Balance	Max E-mini Contracts	Max Micro Contracts
Zero 25k	1	10
Zero 50k	3	30
Zero 100k	6	60

Scaling Plan (Standard and Zero Qualified accounts only): On Standard and Zero Qualified accounts, position limits scale with accumulated profit. Advanced Qualified accounts have no scaling plan and have access to their full contract limit at all times.

Maximum positions with the Scaling Plan on Standard Qualified Accounts:

Profit Level	50k Minis	50k Micros	100k Minis	100k Micros	150k Minis	150k Micros
Less than $1,500	2	20	3	30	3	30
$1,500 to $2,000	3	30	4	40	4	40
$2,000 to $3,000	5	50	5	50	5	50
$3,000 to $4,500	5	50	10	100	10	100
$4,500+	5	50	10	100	15	150

Maximum positions with the Scaling Plan on Zero Qualified Accounts:

Profit Level	50k Minis	50k Micros	100k Minis	100k Micros
Less than $1,500	1	10	2	20
$1,500 to $2,000	2	20	3	30
$2,000 to $3,000	3	30	4	40
$3,000 to $4,500	n/a	n/a	5	50
$4,500+	n/a	n/a	6	60

Consequence of exceeding the position limit: Classified as prohibited conduct. Alpha Futures may void profits and/or terminate the account.

Live Funded Account: 10:1 leverage on the $10,000 starting account, as provided by Alpha Futures’ partnered brokerage. Position limits depend on the asset being traded.

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Trading Hours

Session open: 6:00 PM ET.

Hard close deadline (Evaluation and Qualified accounts): All positions must be closed by 4:20 PM ET every day. Alpha Futures will close positions on the trader’s behalf if they remain open past this time, though traders are encouraged to close themselves to know their real-time P&L.

Weekend trading: Not permitted. The CME futures markets are closed from Friday at 5:00 PM ET until Sunday at 6:00 PM ET.

Overnight / swing trading: Not permitted on Evaluation or Simulated Funded (Qualified) accounts. Permitted on Live Funded accounts; however, traders must be aware of significantly different overnight margin requirements.

News trading: No restrictions apply on any Evaluation account (Standard, Advanced, or Zero). On Standard and Zero Qualified accounts, no orders may be executed within 2 minutes before or 2 minutes after a high-impact news event (as designated by a red folder on ForexFactory, for events related to the asset being traded). Holding through a news event is permitted, but order entry and exit are restricted during the 4-minute window. The same 4-minute window applies to the listed start time of high-impact speeches. On Advanced Qualified accounts, no news trading restrictions apply.

Consequence of news trading violation: Profits from trades within the 4-minute window are voided and the payout is denied. The first violation is a warning and the account is retained. Subsequent violations result in account breach.

Price limits: Trading is prohibited when a product is within 2% of its CME price limit. This applies to all account types. Equity products (ES, MES, NQ, MNQ, RTY, M2K, YM, MYM) have overnight price limits of 7%, meaning trading must stop if the net change on the day reaches +/-5%.

Market holidays: Not explicitly addressed in the source file.

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Multiple Accounts

Maximum Qualified accounts per account type:

Account Type	Max Simultaneous Qualified Accounts
Standard	3
Advanced	3
Zero	5

Any user with an active Standard or Advanced Qualified account is limited to a combined total of 3 across both types.

Separate credentials / emails: Only one username per individual is permitted. Only one individual per household may use the services.

Evaluation accounts: No explicit cap on simultaneous evaluation accounts is stated in the source file.

Copy trading: Permitted, provided it is a single user executing trades and that individual is the account holder listed on all Alpha Futures accounts. Many platforms (including Tradovate) have built-in copy trading functionality. Traders should use their smallest or least-profit account as the leader account to avoid leverage mismatches. Alpha Futures is not liable for issues arising from trade copying software.

Automated/group copy trading: Strictly prohibited. Automated, group, and reverse trading are not permitted.

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Prohibited Conduct

Hedging across accounts: Prohibited. Going short on one account and long on another (reverse trading or hedging) is strictly forbidden at both Evaluation and Qualified stages. Holding opposing positions on the same account (e.g. long NQ and short MNQ simultaneously) is also prohibited.

Order book manipulation / spoofing: Excessive stacking of orders at the same price (order book spamming) is prohibited. Simultaneously placing multiple limit orders at the same price to manipulate order fills is not permitted. Initiating trades to profit from isolated fills in gapped or illiquid markets is prohibited.

Exploitation of simulation mechanics: The following practices exploit the simulated environment and are prohibited: tick or micro scalping (trades of less than 10 ticks AND less than 2 minutes when it forms a clear pattern of profit-seeking); exploiting the absence of slippage through tight brackets; using maximum leverage positions and relying on the Daily Loss Guard as a stop loss (“All or Nothing” approach).

Automated and algorithmic trading: Fully automated trading (AI, bots, hands-off continuous trading) is strictly prohibited across all account types. High-frequency trading systems resulting in more than 100 trades per day are restricted regardless of whether they are automated. Semi-automated trading, such as a custom indicator providing signals where the trader manually places and manages trades, is permitted.

Group / collaborative trading: Prohibited. Collaborating with others to execute identical or opposite strategies across unconnected accounts (group trading) is not permitted.

Trading on behalf of others: Not explicitly stated in those terms, but KYC requires the account holder to personally complete verification, and only one individual per household is permitted. Third-party involvement in KYC or account management is a breach of terms.

VPN use: Prohibited. The use of a VPN to hide or change an IP address is not permitted. VPS use is permitted in trading. VPN or VPS use during the KYC process may lead to account closure.

Account stacking / rolling: Prohibited. Excessive accumulation of passed Evaluations (account stacking) and deliberate rolling through Qualified accounts after hitting MLL (account rolling / gambling tendencies) are explicitly prohibited.

Price limit trading: Trading within 2% of a CME price limit is prohibited on all account types.

Consequences of prohibited conduct: Alpha Futures reserves the right to terminate agreements immediately. Profits from prohibited trading are void. Passed evaluations are subject to review and traders found in violation will not advance to the Qualified stage.

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Firm Rules (General)

Minimum trading days: No minimum trading day requirement is stated for Standard, Advanced, or Zero Evaluation accounts. Zero Evaluations have no consistency rule, so passing in a single day is possible.

Exchanges and asset classes permitted: CME Group products across all four major exchanges: CME (Chicago Mercantile Exchange), CBOT (Chicago Board of Trade), NYMEX (New York Mercantile Exchange), and COMEX (Commodity Exchange Inc). Crypto futures (MBT and MET) are available, but due to their volatility each contract counts as a full mini contract for position sizing purposes (e.g. 5 MBT = 5 full contracts). Full permitted product list is available via the PDF linked in the source documentation.

Specifically prohibited instruments: None explicitly named as prohibited (outside of the exchange-permitted products). Trading within 2% of CME price limits is prohibited on all instruments.

Inactivity rule: Accounts are archived after 10 consecutive inactive trading days. At least one trade of any size must be placed within every 10 trading days to keep an account active. Applies to both Evaluation and Qualified accounts.

Age requirements: Not explicitly stated in the source file.

Account holder requirements: Accounts must be held by natural persons. KYC verification is required for all Qualified Traders, including government-issued ID and a selfie for facial matching. Third-party involvement in KYC or account management is a breach of terms. Payment must be made in the cardholder’s own name; third-party payments are not accepted.

Geographic restrictions: Alpha Futures is available in more than 150 countries. A list of restricted countries is maintained and includes nations such as Russia, China (not listed but check current documentation), Iran, North Korea, and approximately 60 others. Even traveling through a restricted country renders trading impermissible during that period.

Reset fee structure:

Account Type	Account Size	Reset Price
Standard Evaluation	50k	$59
Standard Evaluation	100k	$129
Standard Evaluation	150k	$199
Advanced Evaluation	50k	$139
Advanced Evaluation	100k	$279
Advanced Evaluation	150k	$419
Zero Evaluation	25k	$69
Zero Evaluation	50k	$109
Zero Evaluation	100k	$219

Resets do not affect the monthly rebill date. On rebill, a failed account is automatically reset to the original starting balance at no additional cost.

Qualified Account Resets (Zero only): Available on Zero Qualified Accounts purchased after March 11, 2026. Up to 2 resets are permitted per account, provided no payout has been requested. The trader has 7 days after a breach to use a Qualified Reset.

Zero Qualified Account	Qualified Reset Price
25k	$399
50k	$499
100k	$799

Free reset policy: The monthly rebill effectively resets a failed Evaluation account at no extra cost. Traders can also choose to continue an in-progress account from its current level at rebill rather than resetting.

Path to Live: The maximum payable balance on a Simulated Qualified account is $40,000 per account (or 5 payouts). Upon reaching this threshold, the trader is reviewed for promotion to a live funded account. Alpha Futures processes 50% of accumulated profits as a final withdrawal (up to the applicable account maximum), then the trader contributes $5,000 from their remaining payable balance and the firm contributes $5,000, creating a $10,000 live account with a static drawdown.

Additional Rules

Data fees: Level 1 (CME Top of Book) data is included with the monthly subscription and activation fee at no additional cost. Level 2 (Depth of Market) data is available for $41 per month per user. EUREX DOM data is available for $26 per month. These are per-user fees, not per-account.

Platform lock-in: Platform selection (Deepchart, Quantower, Tradovate, NinjaTrader, TradingView) is made at account purchase and cannot be changed after purchase.

Non-Professional Agreement: All traders must sign a Non-Professional Agreement before receiving real-time data or executing trades on any platform (Tradovate, NinjaTrader, Deepchart, or Quantower).

Live program profit split options: Traders promoted to live have two paths. The Alpha Prime Program offers a 60% profit split, a monthly salary, weekly coaching calls, and quantitative strategy development support. The Generic Live Program offers an 80% profit split with no additional development resources. Traders who decline the live program entirely receive a final payout and forfeit any further relationship with Alpha Futures.

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Activation Fee

A one-time activation fee applies to Standard and Advanced Qualified accounts.

Fee amount: $149, regardless of account size (50k, 100k, or 150k).

When it is charged: Upfront, before the Qualified account is activated. The fee must be paid and the contract signed within 30 days of passing the Evaluation. After payment, the Qualified account is typically accessible within 1 to 2 business days.

Zero accounts: No activation fee, ever. The Zero plan is named specifically for this feature.

Does it vary by account size or professional status: No. The $149 fee is flat across all Standard and Advanced account sizes. No distinction for professional vs. non-professional data status is mentioned in connection with this fee (data status affects market data costs separately).

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Commissions

All information about the commission structure can be found here: https://support.tradovate.com/s/article/Tradovate-Understanding-All-In-Rates-and-Trading-Fees

The full permitted products and fee schedule is also available as a PDF linked from the Alpha Futures help center article “What and When you can Trade.”

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Payout Policy

Standard Accounts (Simulated Funded / Qualified):

Profit split is tiered based on payout count:

• Payouts 1 and 2: 70% to the trader
• Payouts 3 and 4: 80% to the trader
• Payouts 5 and above: 90% to the trader

Payout frequency: every 14 days from the date the first trade was placed on the Qualified account (bi-weekly, on a fixed payout date).

Payout window: requests must be submitted on the designated payout date (00:00 to 23:59 UTC).

Minimum withdrawal: $200. Maximum withdrawal: $15,000 per request, per account.

Eligibility requirement: the 40% consistency rule must be satisfied before a payout request can be submitted.

Withdrawals reduce the account balance. If a trader withdraws all accumulated profit down to the starting balance, the MLL may be breached, effectively closing the account.

Advanced Accounts (Simulated Funded / Qualified):

Profit split: 90% to the trader at all times, no tiered system.

Payout frequency: up to 4 times per month. No fixed payout dates. A request can be submitted after accumulating 5 winning trading days of $200 or more (days do not need to be consecutive).

Minimum withdrawal: $1,000. Maximum withdrawal: $15,000 per request, per account.

Each payout request is limited to 50% of the profit sitting in the account (up to the withdrawal limit). The remaining balance stays in the account.

Zero Accounts (Simulated Funded / Qualified):

Profit split: 90% to the trader at all times, no tiered system.

Payout frequency: up to 4 times per month. No fixed payout dates. A request can be submitted after accumulating 5 winning trading days of $200 or more (days do not need to be consecutive). The 40% consistency rule must also be satisfied.

Minimum withdrawal: $200.

Maximum withdrawal by account size:

• Zero 25k: $1,000
• Zero 50k: $1,500
• Zero 100k: $2,500

Each payout request is limited to 50% of the profit sitting in the account (up to the withdrawal limit).

Live Funded Accounts (Alpha Prime):

No maximum withdrawal request. Daily payouts are available.

Processing time: All payouts are processed within 48 business hours or less.

Payout methods: ACH (US bank accounts), Wire Transfer, SWIFT, Wise, Rise. All payments are made in USD. Traders selecting Rise must sign an agreement before receiving their first payout.

Geographic restrictions: A list of restricted countries applies. Traders residing in or traveling through any restricted country are not eligible to use the service, which would include payout eligibility.

Withdrawal fees: No explicit withdrawal fee schedule is stated in the source file. Specific wire/SWIFT fees are not mentioned.