The maximum payable balance on a simulated Qualified Account is +$40,000 per account, or 5 payouts. Once achieved, or if the Alpha Futures team decides to take action before these thresholds, the trader's history will be reviewed for the opportunity to move up to LIVE.
Once a trader’s simulated Qualified Accounts are closed, Alpha Futures will process 50% of the account(s) profit, up to max withdrawal of each account, as a withdrawal request ($1,500-$15,000 depending on account type).
With other firms, 50%+ (sometimes all) of sim profits are voided (lost), and/or becomes the risk on the live account; with the firm contributing nothing, and using YOUR PROFITS ONLY to fund the live account!
We believe Live Traders should be treated much more like a partnership with both firm and trader benefitting.
So, we split the risk with you! Trader contributes $5,000 from their payable sim balance, the firm contributes $5,000, and trader receives a $10,000 static drawdown account. On this $10,000 account the Trader receives the following:
Daily Payouts
No Consistency Rule
No news trading restrictions
No maximum withdrawal request
Static, non trailing drawdown
30% of account balance DLL (scales with account)
From here, it is the Trader's choice how they would like to continue:
1.) Alpha Prime Program
This is best for traders that are looking to develop into true professionals and build a career out of trading, not just a hobby. Alpha Futures' mission is to find talented traders, and retain them. We call our most impressive and most consistent traders up to live funds to trade alongside our team at Alpha Prime.
The professional traders at the Alpha Prime Trading Floor in London have been in the Traditional Prop space for more than 30 years, and are eager to bridge the gap between retail prop firms (sim props) and Traditional.
The rest of the trader's leftover balance (after $5,000 allocated to risk and payout) is split into a 12 month, MONTHLY SALARY, as long as the trader is a live trader with Alpha Prime.
What are the benefits of the Alpha Prime program for traders?
Monthly Salary
Weekly Calls with Alpha Prime Team for strategy development, refinement, risk management, and market analysis. Alpha Prime is ACTIVELY invested in your success.
Developing automated strategies with our in house Quantitative Team
Opportunities to visit the Alpha Prime trading floor in London to continue to learn from 7+ figure Professional Traders in person
Scaling Opportunities: performance based increase in fund allocation and/or salary
Traders that excel in the Alpha Prime Program will be considered to increase their monthly salary as well as their fund allocation, and even full time employment.
If an individual selects to go with the Alpha Prime Program they will receive all of these resources above and a 60% profit split. Both firm and trader deeply invest in the trader's success and enable the trader to truly grow into a professional.
2.) Generic Live Program
Traders that are looking for a more relaxed environment or would rather opt out of our development program may select to continue on their live account at an 80% profit split, sacrificing any additional sim balance, and salary, as well as forgoing any of the Alpha Prime resources.
Traders that deny our live program will receive their final payout and sacrifice any additional relationship with any branch of the Alpha Group.