Alpha Prop Traders prop firm provides funded accounts in a range of 10k to 100k USD on two different challenge types. The firm has no presence on popular platforms and there are only 3 reviews on Trustpilot, with 2 of them being negative. The firm claims to have more than 5 years of experience, but there are no online reviews and trader feedback, which is a huge red flag.
In our Alpha Prop Traders review, we are going to evaluate the most critical features of the firm such as safety, rules, funding options, funded account types, fees, support, and more.
Pros & cons of Alpha Prop Traders prop firm
Pros
- Ability to withdraw with $0 fees
- Fast and digital account opening/verification
- Most payment options are free and instant
Cons
- High profit target of 10%
- Does not offer access to MetaTrader 4, MetaTrader 5
- Only Forex, futures, and options for trading
- Strict daily risk rule of 3%
- Lacks safety, is inexperienced
- Does not disclose prop challenge fees
- There is no 1-step challenge account
Quick rating of Alpha Prop Traders and its features
| FPA Score | Not yet rated |
| Year founded | 2024 |
| Headquarters | Unknown |
| Minimum audition fee | Unknown |
| Fees on withdrawals | 0 USD |
| Minimum funded amount | 10,000 USD |
| Maximum funded amount | 100,000 USD |
| Allowed daily loss | 3-5% |
| Profit target | 8% |
| Maximum trailing drawdown | 6-10% |
| Profit sharing (Payouts) | Up to 90% |
| Trading Platforms | Web platform |
| Available trading markets | Forex, futures, options |
Safety of Alpha Prop Traders — 0
Alpha Prop Traders reviews are severely lacking on the FPA and Trustpilot platforms, which are indicative of the low safety and legitimacy of this firm. The firm lacks experience in the industry, or it would have some online reviews, and we take these 5 years of experience with a grain of salt and do not give the firm points in this aspect. Indeed, after checking the About Us page, we found out that the firm was launched in 2024. The firm does not provide trading through a regulated broker, which is another red flag about this firm.
The firm gets a 0 score in this section, for lacking any sufficient experience and legitimacy.
Alpha Prop Traders Funding and maximum capital allocation — 3
Alpha Prop Traders funded programs are BETA EVALUATION and GAMMA EVALUATION accounts. These challenge accounts consist of the same funding range from 10k to 100k USD.
Alpha Prop Traders funding lacks flexibility for beginners and does not offer funding below 10 or above 100k for seasoned traders. The firm offers a mediocre experience when it comes to selecting a funded option.
Alpha Prop Traders’ challenges are also difficult to pass as these programs consist of 2 phases and 3 phases which require considerable time and effort to pass, not to mention strict risk rules that are definitely not in the trader’s favor.
Alpha Prop Trader’s scaling plan is not active right now, and traders are limited to the maximum funding the firm offers. Overall, the firm gets a 3 for lacking diverse accounts and funded options.
Alpha Prop Traders Assets — 1.5
Alpha Prop Traders prop trading is conducted by speculating on the following assets, Forex, futures, and options. There are no other assets offered at the moment, and the firm has a web platform to allow traders access to all these instruments. There are no cryptos, indices, or commodities offered and the firm gets a 1.5 score in this section.
Alpha Prop Traders Trading rules and limitations — 1.2
Alpha Prop Traders rules are strict, especially for the 2-step accounts. This is because the firm only offers 2-step and 3-step accounts. The 2-step evaluation account rules include a 3% daily loss limit, a 10% maximum drawdown, and an 8% profit target for phase 1. The rules are slightly different for the 2nd phase of a 1-step evaluation. News trading is allowed and traders can hold open positions overnight. Overall, the firm gets a 1.2 score in this section for below-mediocre rules.
Alpha Prop Traders Fees — 0
Alpha Prop Traders does not disclose the fees for challenge accounts, which is a red flag, as traders are required to create an account before they can see the pricing for each funded option. With this limited information, the firm is not offering a reference to compare its fees with other firms, which indicates the firm has expensive fees.
Alpha Prop Traders’ free trial is not available as well, preventing traders from checking the trading conditions and fees before purchasing the real challenge.
Alpha Prop Traders free repeat is not offered at the moment, which is also a drawback with this firm.
For offering very little information about fees, the firm gets a 0 score in this section.
Alpha Prop Traders Platforms — 0.9
The firm only offers a web trading platform that lacks advanced features and allows only very limited technical analysis. This is super uncomfortable as traders will have to use some other advanced platform to analyze markets. The platform allows for several chart types and order types but lacks indicators and custom indicators. Automated trading is not supported as well.
Overall, Alpha Pop Traders receives a 0.9 score in this section for only offering a web trading platform.
Alpha Prop Traders Profit-Sharing — 2
Alpha Prop Traders profit split is up to 90%, but the firm does not disclose information about the initial profit sharing percentages, which is a red flag and indicates a lower profit sharing in the initial stages of prop trading. The firm lacks faster withdrawal processing times and loses points in this aspect. Overall, Alpha Prop Traders gets a 2 score in the profit-sharing department.
Education and trading tools at Alpha Prop Traders — 0
Alpha Prop Traders is not a beginner-friendly firm, as it severely lacks educational resources and the necessary tools to analyze trader’s performance. There are no webinars, training courses, or video guides. The firm does not offer any blogs either. Alpha Prop Traders gets a 0 score in this section for not offering educational materials.
Customer Support at Alpha Prop Traders — 1.4
Alpha Prop Traders lacks in a support department as well. The firm does not offer a live chat, which is the most efficient support channel. The website is only in the English language, and so is the email support. There are no other support options offered, which is a huge downside for the firm.
For not caring enough for their customer support, the firm gets a 1.4 score in this section.
Frequently Asked Questions on Alpha Prop Traders
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