Alpha Trader Review and Analysis
Overview
Alpha Trader aims to empower traders worldwide by offering flexible rules, industry-leading profit splits, and innovative programs. The firm provides instant funding options and daily payouts, ensuring traders can access and benefit from their profits promptly. With a commitment to transparency and cutting-edge technology, Alpha Trader supports traders in achieving long-term profitability.
Funded Accounts
How to Sign Up with Alpha Trader
To get started with Alpha Trader, follow these steps:
- Visit the Alpha Trader website and choose a challenge that aligns with your trading objectives.
- Register an account by providing your personal details.
- Select your preferred payment method—options include Credit Card, Debit Card, and Cryptocurrencies—and pay the evaluation fee.
- Upon payment confirmation, you'll receive access to a demo account to complete the chosen challenge.
- Successfully passing the challenge grants you access to a funded account, where you can trade and earn profits based on the firm's profit-sharing model.
After completing either evaluation model, traders receive a funded account with conditions identical to the challenge phase. Alpha Trader offers a base profit split of 80%, which can increase to 85% based on performance. Payouts are available every 14 days, and traders must maintain good standing (no breaches or violations) to remain eligible. The firm supports scaling through performance milestones — traders who consistently generate profits while respecting drawdown limits may scale up to a max of $400,000.
Traders who violate rules during funded phases — such as using grid systems, trading during news without permission, or using blacklisted EAs — may have their accounts terminated immediately. The firm states that trades are monitored closely, and any behavior resembling latency arbitrage, reverse copy-trading, or slippage manipulation is grounds for disqualification.
Challenge Overview
Alpha Trader offers two primary evaluation types — a 1-Phase Challenge and a 2-Phase Challenge — both designed to assess a trader's consistency, discipline, and risk control. All challenges are governed by fixed drawdown parameters and enforced with strict compliance rules. Traders may choose from funded account sizes ranging from $5,000 to $200,000, and payouts are issued biweekly with options for scaling based on performance milestones. While the firm provides a structured framework and appears transparent in rule-setting, it also sells several critical trading permissions as optional add-ons — including news trading, weekend holding, and EA usage — which has drawn criticism from users who expect these features to be standard.
1-Phase Challenge: Traders are required to reach a 10% profit target while respecting a 5% daily drawdown and 8% total drawdown. There is no time limit to meet the target, and only five minimum trading days are needed. This format caters to traders who want a quicker path to funding, but it also applies strict rule enforcement — violations, including holding during news (if not permitted via add-on), result in disqualification.
2-Phase Challenge: This format is more traditional, involving a first phase with a 10% profit target and a second phase requiring 5%. Both phases follow the same risk parameters: 5% daily and 8% overall drawdown. A minimum of five trading days is required in each phase, and there is no upper time limit. The 2-phase model gives traders more room to show consistency but applies the same strict trading constraints seen in the 1-phase model.
Alpha Trader Challenges
| Challenge | Price | Account Size | Steps | Profit target | Profit Split | Max Daily Loss |
|---|
| 10,000 3-Step | $55.2 | $10K | 3 | 10% / 7% / 4% | 90% | 4% |
| 25,000 3-Step | $112.8 | $25K | 3 | 10% / 7% / 4% | 90% | 4% |
| 50,000 3-Step | $144.8 | $50K | 3 | 10% / 7% / 4% | 90% | 4% |
| 100,000 3-Step | $193.6 | $100K | 3 | 10% / 7% / 4% | 90% | 4% |
| 200,000 3-Step | $248.8 | $200K | 3 | 10% / 7% / 4% | 90% | 4% |
| 5,000 2-Step | $36 | $5K | 2 | 10% / 5% | 90% | 4% |
| 10,000 2-Step | $89.6 | $10K | 2 | 10% / 5% | 90% | 4% |
| 15,000 2-Step | $112.8 | $15K | 2 | 10% / 5% | 90% | 4% |
| 25,000 2-Step | $135.2 | $25K | 2 | 10% / 5% | 90% | 4% |
| 50,000 2-Step | $160 | $50K | 2 | 10% / 5% | 90% | 4% |
| 100,000 2-Step | $224.8 | $100K | 2 | 10% / 5% | 90% | 4% |
| 200,000 2-Step | $448.8 | $200K | 2 | 10% / 5% | 90% | 4% |
| 5,000 1-Step | $40 | $5K | 1 | 8% | 90% | 3% |
| 10,000 1-Step | $92 | $10K | 1 | 8% | 90% | 3% |
| 15,000 1-Step | $112.8 | $15K | 1 | 8% | 90% | 3% |
| 25,000 1-Step | $135.2 | $25K | 1 | 8% | 90% | 3% |
| 50,000 1-Step | $160 | $50K | 1 | 8% | 90% | 3% |
| 100,000 1-Step | $224.8 | $100K | 1 | 8% | 90% | 3% |
| 200,000 1-Step | $448.8 | $200K | 1 | 8% | 90% | 3% |
| 10,000 Instant Funding | $134.4 | $10K | 0 | | 90% | 3% |
| 25,000 Instant Funding | $208.8 | $25K | 0 | | 90% | 3% |
| 50,000 Instant Funding | $314.4 | $50K | 0 | | 90% | 3% |
| 100,000 Instant Funding | $524 | $100K | 0 | | 90% | 3% |
Pros and Cons
Pros:
- Instant funding with no consistency rules
- Daily payouts available
- Multiple challenge types and account sizes
- Support for copy trading
- Balance scaling options
- 24/7 customer support via Discord and live chat
Cons:
- Expert Advisors (EAs) are not permitted
- News trading restrictions apply without the News Trading Add-On
- Relatively new firm with limited historical data
Evaluation Metrics
Overall metrics
- Challenge difficulty: Moderate – achievable profit targets with defined drawdown limits
- Customer support: Available 24/7 via Discord and live chat
- Fee: Competitive evaluation fees, varying by account size and challenge type
- Payout scheme: Profit splits up to 90%, with daily payout options
Meet the CEO
Information about the founders or executive team of Alpha Trader is not publicly disclosed.
Frequently Asked Questions (FAQs):
What asset types can I trade with Alpha Trader?
Forex, Commodities, Indices, and Cryptocurrencies.
Are Expert Advisors (EAs) allowed?
No, EAs are not permitted.
Is news trading allowed?
Yes, but restrictions apply without the News Trading Add-On. Trades cannot be initiated within 5 minutes before or after a red-folder news event, and all trades must be closed before the event starts.
What are the payout methods?
Payouts are made via Rise Pay.
Is the evaluation fee refundable?
Yes, evaluation fees are refundable upon meeting specific criteria.
How trusted is Alpha Trader?
The trusted source of information on fintech matters SBO, gave Alpha Trader a 3/ 5.00 rating based on analysing 20+ criteria and testing. Alpha Trader is currently in 0th place in this ranking.
What is the Alpha Trader fee?
Fees vary by account size and challenge type.
Does Alpha Trader offer coupons for customers?
Yes, currently, there is one Alpha Trader discount coupon NEW50 available for customers.
How can I find Alpha Trader discount coupons and promo codes?
What is the profit split for Alpha Trader?
What is Alpha Trader evaluation process?
Offers 1-Step and 2-Step evaluations.
How do I become an Alpha Trader Trader?
What is an acceptable max drawdown for Alpha Trader?
5% daily / 10% total Maximum Drawdown is the Distance between the highest and lowest points (maximum and minimum peak).
What is Alpha Trader Trading Duration / Time restriction?
What is Alpha Trader leverage?
What financial instruments can be traded at Alpha Trader?
Forex, Crypto, Indices, Stocks
Can I trade news at Alpha Trader?
Can I hold trades overnight or over the weekend?
