Our Trading Evaluation is meant to help traders build their skills and habits as they hope to gain funding opportunities. Those that pass will become Alpha Futures Qualified Traders.
In order to take a Trading Evaluation, a monthly subscription is required. Evaluations may be reset at any time.
In order to pass, the trader must reach and maintain the profit target. The Profit Target is 6% on all account sizes.
There is only one way to fail on Evaluation Accounts, do not allow the Account Balance to hit or exceed the Maximum Loss Limit. Check this link here for more information on how the Maximum Loss Limit is calculated, but MLL is 4% on all Evaluation Accounts.
No Daily Loss Limit on Evaluation Accounts.
All trades must be closed before 4:59 ET each day on both Evaluation and Qualified Accounts. Our system will automatically close them for you if you forget, but we recommend the trader closes themselves so they are aware of their P&L.
See the differences below between Evaluation and Qualified Trader Accounts below:
| Evaluation | Qualified Trader |
Minimum Trading Days | None | None |
Profit Target | 6% | None |
Maximum Position Size | 5 contracts/50k
(50 micros)
| Scaling Plan to 5 contracts/50k |
4% | 4% | |
Profit Split | None | Up to 90% |
Unlimited, same as monthly fee | None | |
None | 2%.
This is NOT a fail, it just locks your account for the day. We do not want to see our Qualified Traders lose their accounts in one day
| |
50% | 40%
One trading day cannot amount to more than 40% of your overall profit before payout request. This is tracked on your dashboard.
| |
No limit | $450k |
The main differences between Evaluation Accounts and Qualified Accounts will be Daily Loss Guard, Scaling Plan, Consistency Rule, and of course the ability to be paid out. We are looking to fund consistent, disciplined traders, not gamblers.