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Alpha Futures review

UK futures prop firm from the Alpha Capital group, one-step evaluations since 2024

CEO
George Kohler (Managing Director & Founder)
Headquarters
United Kingdom
Founded
2024
In business
2 years
Trustpilot
4.4(6.1K)

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D

Our grade

Weak

4.5 / 10 · #25 of 34

4.4

Trustpilot

6.1K reviews

  • 5★86%
  • 4★3%
  • 3★1%
  • 2★1%
  • 1★9%
Pass rate12%
Hidden riskVery high
Payouts1.5/10
Max allocation$750K
Cheapest $100K—
Programs4

Alpha Futures built its name in 2024 and 2025 on end-of-day drawdown, a 90% split and same-day payouts. Since July 2026 it has been a different firm: NinjaTrader cut it off, it closed its Premium plan and first voided the plan's pending payouts, and by October 2026 traders were still waiting on that queue while standard payouts had slowed to five business days. The rules on paper are clear and the evaluations are reasonably priced, but the Trustpilot complaints since August describe approved payouts flagged and denied for short trades, copier-triggered 'hedging' and shared devices. Until the backlog is cleared, treat it as a high-risk choice.

Clear rules on paper, a payout backlog and review wave in practice

Our verdict

On paper Alpha Futures is one of the more trader-friendly futures firms: end-of-day trailing drawdown on every plan, no activation fees, a 90% split, a one-day Zero pass and an Advanced account with no consistency rule and a $15,000 payout cap. The plan tables in its help center are clearer than most.

Best for

Experienced intraday index traders who hold trades for minutes, trade one account at a time and can wait for payouts.

Avoid if

You scalp in under two minutes, copy trades across accounts, share a device or need your payouts quickly and predictably.

Pros

  1. End-of-day trailing Maximum Loss Limit on every plan, locking at the starting balance and not reset by withdrawals.
  2. No activation fee on any plan since July 2026, and Qualified accounts carry no monthly subscription.
  3. 90% profit split from the first payout on every plan.
  4. Advanced Qualified accounts have no consistency rule, no daily loss guard, no news window and a $15,000 cap per request.

Cons

  1. July 2026 Premium shutdown: pending payouts first voided, then paid in batches still unfinished in October 2026.
  2. Standard payouts slowed from same day to 5 business days or more after approval.
  3. Tick-scalping, hedging and group-trading reviews happen at payout time, and 45.6% of classified 1-2 star reviews report a denied payout.
  4. Payout caps of $1,000-$5,000 per request on Zero, Standard and Direct, and never more than 50% of profit at once.

Alpha Futures scorecard

The same measured facts for every firm

Red flags

  • Many payout complaints. About 15.2 in every 100 reviews report a denied, cancelled or late payout.
  • Accounts lost to rule disputes. About 8.4 in every 100 reviews say an account or profits were taken over a rule.
  • Complaints are rising. 25% of the latest reviews are 1-2 stars, against 10% across the whole profile.

Every firm is checked against the same thresholds. How red flags work

Weighted score 4.5/10 → grade D

Methodology →
  • Payouts 25%1.5
    Payout complaints
    15.2 per 100 reviews
    Positive payout mentions
    37%
  • Transparency 15%4.2
    Rule disputes
    8.4 per 100 reviews
    Shares verified data with us
    No
    Publishes its own pass rates
    No
    Profile claimed by the firm
    No
    Names who runs it
    Yes
  • Rules & trading conditions 20%5.6
    Typical $100K price
    No $100K account
    Top profit split
    90%
    Static drawdown option
    No
    Consistency rule
    Applies
    News trading
    Restricted
    No time limit
    Yes
    Fee refunded
    No
  • Reputation 20%5.7
    Trustpilot score
    4.4 / 5
    Recent 1-2★ reviews
    25% of the latest
    Years in business
    2 years
    Trustpilot reviews
    6,103
  • Platforms & execution 10%6.5
    Trading platforms
    3
    Execution complaints
    3.8 per 100 reviews
  • Support 10%5.4
    Support complaints
    8.7 per 100 reviews
    Reviews praising support
    84%

Alpha Futures firm overview

Platforms, markets, company and costs

Platforms
  • Proprietary
  • TradingView
  • Quantower
  • Volumetrica
Markets
  • Futures
  • Indices
  • Commodities
  • Energies
  • Metals
  • Forex
  • Crypto
Profit split
90%
Max allocation
$750,000
Leverage
No leverage figure; contract caps per account (1 to 15 minis, micros at 10x)
Commissions
Simulated round-trip fees from the firm's fee sheet: $4.78 on ES/NQ, $1.32 on MES/MNQ, $5.02 on CL, $5.22 on GC, $2.92 on MBT
Scaling plan

Zero (50K and 100K) and Standard Qualified accounts start with fewer contracts and reach the full limit as profit grows (for example 2 to 15 minis on a 150K Standard). Advanced and Direct have no scaling plan. There is no account-size growth; top traders may be called to a live program instead.

Broker and data
  • AlphaTrader (in-house platform)
  • Plus500 (TradingView connectivity)
  • Volumetrica Trading / dxFeed (Quantower and DeepChart data)
  • WealthCharts
Company
Alpha Futures LimitedHarpenden, United Kingdom · founded 2024
CEO
George Kohler (Managing Director & Founder)

Payment and payout methods

How you pay for a challenge and how you get paid

Pay for a challenge with

  • Credit/debit card (cardholder's own)
  • Crypto via CoinPayments (ETH, USDT, USDC, SOL)

Get paid with

  • ACH (US)
  • Wire transfer
  • SWIFT
  • Wise
  • Rise

Up to 4 requests a month; each needs 5 more winning days of $200+ (Zero, Standard, Advanced) or a fresh withdrawal profit target (Direct). Payout details

Alpha Futures pass rate

How hard is it to pass?

Challenge pass rate

12%

Estimate

~12% (our estimate, no published figure)

Bar = this firm · line = average of the 34 firms we grade (14%)

Alpha Futures publishes no pass rate. We estimate about 12% of evaluations reach a Qualified account: the 6% (Zero, Standard) and 8% (Advanced) targets against a 3-4% end-of-day trailing loss limit are a little easier than FTMO-style two-step challenges, where firms have disclosed roughly 10%, and monthly rebills give extra attempts. Finance Magnates cited industry data in July 2026 that only about 7% of evaluation buyers ever reach a payout; the site's '175,000 Qualified Analysts' and '1.1 million traders' figures come with no method.

Basis: Our estimate from the challenge rules

Who is Alpha Futures for?

Fit by trading style

Beginners

Poor fit

Cheap Zero evaluations with no consistency rule look friendly, but subjective payout reviews and the current backlog are hard for a new trader to absorb.

Experienced traders

OK with caveats

Advanced offers no daily loss guard, no Qualified consistency rule and a $15,000 cap per request, if you accept the counterparty risk.

Swing traders

Poor fit

Every position must be flat by 4:20 PM ET, so nothing can be held overnight or over the weekend.

Scalpers

Poor fit

A pattern of trades under 2 minutes is the most common reason reviewers give for denied payouts.

EA & algo traders

Poor fit

Bots, AI and full automation are banned on every account; only signal indicators with manual execution are allowed.

News traders

OK with caveats

Evaluations and Advanced Qualified accounts have no news window, but Zero, Standard and Direct block orders 2 minutes either side of red-folder events.

About Alpha Futures

Founded 2024 · Harpenden, United Kingdom

Alpha Futures is the futures arm of the Alpha group behind the UK forex prop firm Alpha Capital Group. Alpha Futures Limited (company 15655643) was incorporated in England on 17 April 2024 and is registered in Harpenden, Hertfordshire; its directors are George Kohler and Andrew Blaylock, and since 1 April 2026 it has been owned by Alpha Group UK Holdings Ltd, the same holding that owns Alpha Capital. The firm's about page dates the project to 2023 and its launch partnership with ProjectX and Quantower, and names Benjamin Chaffee, a former Alpha Capital trader, as COO.

Trader tip

If you trade here, use the Advanced plan only if you hold trades for several minutes, and keep one device and one network per account holder. Turn off cross-account copiers or check every copied fill, and withdraw as soon as you are eligible rather than letting profit build behind the $1,000-$5,000 caps.

Alpha Futures timeline

  1. Sep 15, 2026 · rule change

    Payout update: five business days

    The firm says approved standard payouts take five business days or less and that the Premium queue will be cleared through October. Source

  2. Sep 4, 2026 · product

    TradingView returns via Plus500

    TradingView connectivity comes back as a checkout option. Source

  3. Aug 2026 · controversy

    Payout backlog and flagged payouts

    Trustpilot reviewers report approved payouts delayed for weeks, then flagged and denied, peaking in late August. Source

  4. Jul 15, 2026 · controversy

    Reversal on Premium payouts

    Alpha says all 'approved for pay' Premium payouts will be paid in batches, the first covering 10% of the balance. Source

  5. Jul 12, 2026 · controversy

    NinjaTrader split and Premium shutdown

    Tradovate and NinjaTrader access ends; the Premium plan is closed, active accounts refunded and pending Premium payouts initially voided. PropFirmMatch delists the firm. Source

Restricted countries

61 countries and regions can't sign up

  • Afghanistan
  • Albania
  • Belarus
  • Bosnia and Herzegovina
  • Bulgaria
  • Burkina Faso
  • Myanmar
  • Chad
  • China
  • Côte d'Ivoire
  • Croatia
  • Cuba
  • Democratic Republic of the Congo
  • Djibouti
  • East Timor
  • Guinea-Bissau
  • Ethiopia
  • Haiti
  • Iran
  • Iraq
  • Jamaica
  • Jordan
  • Kenya
  • Kosovo
  • Kyrgyzstan
  • Laos
  • Lebanon
  • Lesotho
  • Libya
  • Malawi
  • Malaysia
  • Mali
  • Montenegro
  • Mozambique
  • Namibia
  • Nigeria
  • North Korea
  • North Macedonia
  • Northern Cyprus
  • Palestinian Territory
  • Pakistan
  • Philippines
  • Romania
  • Russia
  • Rwanda
  • Senegal
  • Serbia
  • Sierra Leone
  • Slovenia
  • Somalia
  • South Sudan
  • Sudan
  • Syria
  • Tajikistan
  • Tanzania
  • Turkey
  • Ukraine
  • Venezuela
  • Vietnam
  • Yemen
  • Zimbabwe

Alpha Futures FAQ

Questions traders ask

Is Alpha Futures legit?

Alpha Futures is a registered UK company (Alpha Futures Limited, 15655643) owned by the same group as Alpha Capital, and it has paid many traders. Since July 2026, though, it has voided and then deferred Premium-plan payouts, slowed standard payouts and been delisted by PropFirmMatch, so it is a real firm carrying high payout risk right now.

Does Alpha Futures actually pay out?

Yes, many traders report payouts, and the firm says approved standard payouts now arrive within five business days. But 45.6% of the 1-2 star Trustpilot reviews we classified report a denied payout and about half a delayed one, and some Premium-plan payouts from July 2026 were still outstanding in October.

How long do Alpha Futures payouts take?

The firm's September 2026 update says five business days or less once a request is approved, down from the same-day payouts it advertised before July. Reviews from August to October describe two to six weeks, and Premium-plan payouts run on a separate batch schedule.

What is the Alpha Futures pass rate?

Alpha Futures does not publish one. We estimate around 12% of evaluations reach a Qualified account, based on its 6-8% targets and 3-4% end-of-day drawdown compared with two-step challenges that firms have disclosed at about 10%.

What are Alpha Futures' hidden rules?

The ones that cost traders money are judged at payout: tick scalping (a pattern of trades under 10 ticks and 2 minutes), hedging between your own accounts, group trading and the one-person-per-household rule. Add the 40% or 20% consistency rule on most Qualified accounts, the 2-minute news window and payout caps of 50% of profit per request.

Can you trade news with Alpha Futures?

Yes in every evaluation and on Advanced Qualified accounts. On Zero, Standard and Direct Qualified accounts no order may execute within 2 minutes before or after a red-folder ForexFactory event; doing so voids that trade's profit and the payout, and repeat violations breach the account.

Are EAs and bots allowed at Alpha Futures?

No. AI, bots and fully automated trading are banned on all accounts, as are strategies that take more than 100 trades a day. Indicators that give signals are fine as long as you place and manage each trade yourself.

Does Alpha Futures accept US traders?

Yes. The United States is not on the restricted list, and a large share of its Trustpilot reviewers are American. About 60 countries are excluded, including Nigeria, Pakistan, the Philippines, Turkey, Romania, Bulgaria and Croatia.

Is there an Alpha Futures discount code?

The firm runs its own codes on its official promotions page, usually a percentage off the first evaluation or Direct account, and affiliate links default to 10% off. Check that page for what is live, as the codes change with each campaign.

Who owns Alpha Futures?

Alpha Futures Limited is owned by Alpha Group UK Holdings Ltd, the holding company behind Alpha Capital Group. George Kohler and Andrew Blaylock are its directors, and Kohler is listed as managing director and founder.

What happens if I breach an Alpha Futures account?

Hitting the end-of-day trailing loss limit ends the account. In an evaluation you can buy a reset or wait for the monthly rebill; Zero and Standard Qualified accounts can be reset for $399-$999 up to twice if you never requested a payout, and Advanced and Direct accounts cannot.

Zero vs Standard vs Advanced: which Alpha Futures plan is easiest?

Zero is easiest to pass: a 6% target, no consistency rule and one minimum day, but payouts are capped at $1,000-$2,500. Standard adds a 50% consistency rule for bigger caps, and Advanced needs 8% with a 40% rule but has no rules on payout consistency or news once qualified.

Can I hold trades overnight with Alpha Futures?

No. All simulated accounts must be flat by 4:20 PM ET each day, and the firm closes anything left open. Overnight holding is only possible for traders later moved to its live program.

Alpha Futures alternatives

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FundedNext

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Delaware-registered futures prop firm on Rithmic, selling evaluations since 2021

Sources

31 sources

  1. 1.Alpha Futures homepage and pricing
  2. 2.Alpha Futures about page
  3. 3.Alpha Futures official discount codes
  4. 4.Alpha Futures Terms and Conditions
  5. 5.Alpha Futures General Service Agreement
  6. 6.Alpha Futures return policy
  7. 7.Help center: payout policy
  8. 8.Help center: consistency rule
  9. 9.Help center: prohibited trading practices
  10. 10.Help center: news trading policy
  11. 11.Help center: Zero account overview
  12. 12.Help center: Standard account overview
  13. 13.Help center: Advanced account overview
  14. 14.Help center: Direct account overview
  15. 15.Help center: path to live structure
  16. 16.Help center: countries with limitations
  17. 17.Help center: what and when you can trade (fee sheet)
  18. 18.Alpha Futures payout update (15 Sep 2026)
  19. 19.Alpha Futures update: partner exit and Premium accounts (Jul 2026)
  20. 20.Alpha Futures roadmap and payout update (17 Sep 2026)
  21. 21.Companies House: Alpha Futures Limited
  22. 22.Companies House: persons with significant control
  23. 23.Finance Magnates: NinjaTrader and Alpha Futures breakup turns bitter
  24. 24.Finance Magnates via TradingView: NinjaTrader drops Alpha Futures
  25. 25.Finance Magnates via TradingView: Alpha Futures adds 3 platforms (Jan 2025)
  26. 26.PropFirmMatch: Alpha Futures delisted
  27. 27.Prop Traders Weekly: Alpha Futures reverses course
  28. 28.The Industry Spread: Alpha Futures review after the Premium collapse
  29. 29.Alpha Capital: Premium plan announcement (discontinued)
  30. 30.Forex Peace Army: Alpha Futures
  31. 31.Trustpilot: Alpha Futures