Our Path to Live is described here.
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Our Live Traders start with a $10,000 static, non trailing, drawdown account.
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- No consistency rule
- No news trading restrictions
- Maximum position size: in live accounts this will depend on asset traded. We offer a generous 10:1 leverage on the $10,000 account with our partnered brokerage.
- Daily Loss Limit: starts at $3,000 and continues to scale at 30% of account balance as you gain. So, a $13,000 account will have a $3,900 DLL. This is not a breach of the account, simply a pause until next trading day.
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All Live Traders at Alpha Prime will have opportunities to work with our Risk & Performance Team with more than 30 years of Traditional Prop Firm experience. We are here to make you better!
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All trades need to be closed by 4:59pm EST. This is simply due to overnight margin requirements. Over time, if a Live Trader would like to explore opportunities on swing trading, our Alpha Prime team will handle this on a case by case basis, but traders need to be aware this would be a large decrease in account size/leverage.
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We do not expect traders to force trades, or trade every day, but the Performance Team at Alpha Prime will step in where needed if traders are clearly acting recklessly/trying to collect monthly salary with minimum trades or gains on the account. These types will be removed from the program and have their contract breached.
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Traders that excel in our program will be considered to increase their monthly salary as well as their fund allocation.
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