Alpha Prop

How it works

Our no-cost, 1-step evaluation process

Alpha Prop’s evaluation process involves real-time trading to showcase your trading skills. We aim to learn how disciplined you are with risk and money management, and whether you can consistently identify your high-probability trades.

  • Sign up here. There is no fee.
  • Connect your trade platform to our trade copier. We work with MT4/5, cTrader, FXCM Trading Station, LMAX, DXTrade, Tradovate, NinjaTrader, and Fortex.
  • Send your highest confidence trades to our trade copier. You will be evaluated on the first 32 trades you send.
  • Your goal is to achieve a >75% win rate. That means at least 24 of your 32 trades must be profitable. You have up to 90 days to complete this task. 

Here are the conditions to successfully complete the evaluation:

  • Trading Period: up to 90 calendar days
  • Total trades: 32
  • Profitable trades: 24 or more
  • Aggregate profit target: >5%
  • Maximum drawdown: 10%
  • Over-weekend trading: No
  • Simulated trading leverage: 1:100
  • Minimum trading days: 10
  • Trading bots allowed: NO
  • Copy trading or signal-based trading: NO
  • Profit splits during evaluation: NO

Funding and growing your account size

Once you successfully pass the evaluation, you will be funded and your trades will be executed in a live account. You will begin with a Tier 1 account, and grow from there. 

Tier 1 accounts:

  • Maximum simultaneous trades: 2
  • Maximum cash risk per trade: $250
  • Minimum 21 trade trailing profit: 10R 

Tier 2 accounts (after 50 trades):

  • Maximum simultaneous trades: 4
  • Maximum cash risk per trade: $500
  • Minimum 21 trade trailing profit: 10R

Tier 3 accounts (after 100 trades):

  • Maximum simultaneous trades: 4
  • Maximum cash risk per trade: $1000
  • Minimum 21 trade trailing profit: 10R

Tier 4 accounts (after 200 trades):

  • Maximum simultaneous trades: 4
  • Maximum cash risk per trade: $2500
  • Minimum 21 trade trailing profit: 10R

Tradable Assets

Commodities: XAUUSD, XAGUSD, WTI, BRENT, GOLD, COPPER, ALUMINIUM, LEAD, ZINC

Forex: EURUSD, GBPUSD, AUDUSD, USDJPY, GBPJPY, USDCAD, EURJPY, AUDNZD, AUDCAD, NZDUSD, EURCAD, GBPCHF, NZDCAD, AUDJPY, EURGBP, EURCHF, EURAUD, USDCHF, CADCHF, CADJPY, CHFJPY, GBPCAD, GBPAUD, AUDSGD, AUDCHF, EURNZD, GBPNZD, NZDJPY, EURSEK, NZDCHF, USDZAR, EURSGD, USDCNH, USDMXN, NZDSGD, USDCZK, USDSGD, EURCZK, USDHUF, GBPZAR, GBPSEK, USDSEK, EURHUF, GBPSGD, SGDJPY, USDTRY, USDPLN, USDNOK, AUDNOK, AUDSEK, USDDKK, ZARJPY, CHFPLN, CHFDKK, CHFNOK, GBPDKK, CHFSGD, SEKJPY, NOKSEK, NOKJPY, EURHKD, MXNJPY, EURMXN, EURNOK, EURPLN, GBPPLN, GBPNOK

Crypto: BTCUSD, ETHUSD, SOLUSD, LTCUSD, XRPUSD, ADAUSD, XLMUSD, POLYUSD, PYTHUSD, XBNB/USD, XILV/USD, Name, XAX/USD, XNAKA/USD, XINJ/USD, XFET/USD, XTRUMP

Indexes: NAS100, US30, GER30, SPX500, JPN225, AUS200, UK100, ESTX50, FRA40, ESP35, CHINAA50, NATGAS

Payment calculations are based on Alpha Prop reporting of trade results. 

Note that, while rare, it is possible that a viable trade is not executed in the Alpha Prop brokerage account. 

Trading Rules

  1. Trading platforms

We work with MT4/5, cTrader, FXCM Trading Station, LMAX, DXTrade, Tradovate, NinjaTrader, and Fortex.

  1. Acceptable Order Types

Alpha Prop allows both market and pending orders. Be sure to manage your pending and market orders in accordance with the maximum cash risk limit of your Tier. Pending orders do not count toward this trade limit until they are executed.

  1. Consistency Rule

At Alpha Prop, you will be evaluated primarily based on the win rate of your trades, rather than the absolute dollar or % return of your trades. To maintain funded status, you must consistently maintain:

  • At least a 70% win rate over your trailing 21 trades. That means 14 of your most recent 21 trades MUST be profitable. Note that trades closed at breakeven do not count as profitable.
  • Your trailing profit over the same 21 trades must be at least 10R. 
  1. News trading

Alpha Prop traders can execute trades during news releases. However, trades must be executed at least 40 minutes before major news. What we consider major news:

  • Unemployment Reports
  • Inflation data Consumer Price Index (CPI) and Producer Price Index (PPI)
  • Gross Domestic Product (GDP)
  • Non-Farm Payrolls (NFP)
  • Central Bank Policies
  • Federal Open market Committee (FOMC) Meeting
  • Core Personal Consumption Expenditures (PCE)
  1. Weekend trading

Alpha Prop doesn’t allow traders to hold positions over the weekend. Thus, all positions must be closed by Friday 4:55 PM EST.

  1. The use of trading bots and Expert Advisors (EA)

Algo trading is prohibited. Alpha Prop is specifically designed for discretionary traders.

  1. Copy trading rule

Alpha Prop doesn’t allow the use of trading signals or copy-trading from other traders. We only work with traders who conduct their own technical and fundamental analysis.

Policy Enforcement

Violation of any of these rules in the evaluation or funded phase will result in the immediate termination of your Alpha Prop trading account.

Withdrawal/Payout Eligibility Model

Eligibility

  • You keep 50% of your profits.
  • There are no minimum eligibility requirements for taking a withdrawal. 

Withdrawal schedule

  • Alpha Prop traders may request withdrawals on or before the 5th day of every month.
  • Payouts may take up to 14 days to be processed.

Note that all withdrawals are subject to the trader satisfying the consistency rule described herein.

Payment methods

Alpha Prop traders may receive payouts via:

  • USDT (1% fee)
  • USD via PayPal^ (fees vary, check PayPal.com)

Countries where PayPal is restricted: Afghanistan, Bangladesh, Cameroon, Central African Republic, Cote D’Ivoire (Ivory Coast), Democratic People’s Republic of Korea (North Korea), Equatorial Guinea, Gabon, Ghana, Haiti, Iran, Iraq, Lebanon, Liberia, Libya, Monaco, Moldova, Montenegro, Myanmar, Pakistan, Paraguay, Saint Lucia, South Sudan, Sudan, Syria, Timor-Leste, Uzbekistan and Zimbabwe.

Note that any transaction fees and subsequent currency conversion fees associated with withdrawals are borne by the trader.