Alpha Trader is a prop firm established in 2022. The company is registered in Kingstown, ST Vincent And The Grenadines. The owner of Alpha Trader is Alex Santi. Alpha Trader offers the opportunity to trade with up to $300k.
Trading Platforms at Alpha Trader
You can use Tradelocker as a trading platform at Alpha Trader. This is a modern trading platform with over 2.5 million traders.
Instruments Available with Alpha Trader
Alpha Trader offers the following trading instruments:
- Crypto
- Energies
- Forex
- Indices
- Metals
How to Make Payments at Alpha Trader
You can pay with:
- Cards like Mastercard and Visa
- Cryptocurrencies (Bitcoin, Ethereum, Litecoin,Dogecoin, Tether, and USD Coin).
Account Sizes Available at Alpha Trader
Alpha Trader offers five different account sizes:
- $25k
- $50k
- $100k
- $200k
- $300k
Profit Splits in Alpha Trader
You can get up to 90% profit split at Alpha trader. The first month, the profit split is 80%, every next one is 90%.
Profit Targets for Alpha Trader:
The First stage requires a 10% profit target, while the Second stage requires 5%.
Maximum Daily Drawdown and Loss at Alpha Trader
The maximum overall loss at Alpha Trader is 11% for all stages. The maximum daily loss is 6% for both stages.
Minimum/Maximum Trading Days Required at Alpha Trader
You need to trade at least one day. When it comes to the maximum number of trading days, you’re not limited, take your time.
Alpha Trader: Rules and Challenges
Alpha Trader offers a Two-Phase challenge. You need to pass the challenge in order to get a funded account. Each phase has rules and targets you need to follow. All this is combined with the maximum overall and daily loss.
Steps Available in Alpha Trader
There is one challenge to choose from that consists of two steps.
Pricing for Alpha Trader Challenge
| Account Size | Cost |
|---|---|
| $25,000 | $250 |
| $50,000 | $300 |
| $100,000 | $500 |
| $200,000 | $900 |
| $300,000 | $1499 |
Commissions and Fees at Alpha Trader
Alpha Trader doesn’t mention fees and commissions on their website.
Alpha Trader: Refund Policies
You get a 100% refundable fee that will be sent to you with the first payout from your funded account.
Trial Offers at Alpha Trader
Alpha Trader doesn’t offer any trials.
Payout Schedules of Alpha Trader
You can request a payout a month after you pass the challenge. Every next payout is weekly.
Evaluating Alpha Trader: Advantages and Disadvantages
- Weekly payouts
- Five account sizes available
- Refundable fees
- No free trial
Alpha Trader FAQ Section
If you break the rules, you need to start over. You can buy an unlimited number of challenges.
Everyone can join Alpha Trader. You just need to prove your skills during the evaluation phase.
After you pass the second phase, your account will be reviewed. After that, you need to verify your identity to trade.
A funded challenge is a way for traders to prove their trading skills. You need to pass a set of challenge requirements, and you’ll get a funded account up to $300k of capital.
