Alpha Trade prop firm offers funded accounts ranging from 10k to 300k USD and offers two account types, two-step and one-step. The firm promises up to 90% profit share on its virtual funded accounts, meaning all trading is conducted on demo accounts. There are no time limits, and the firm also promises daily payouts, which we have not seen with prop firms, and if right, seems an incredibly attractive condition.
In this Alpha Trade review, we will assess the firm’s safety, rules, funded options, assets, platforms, support, and more. After reading this unbiased review, you will conclude whether this firm can be trusted.
Pros & cons of Alpha Trade prop firm
Pros
- Funded accounts from $10k to $300k with a scaling plan up to $600k
- Promises up to 90% profit share
- Allows rare daily payout withdrawals
- Allows access to advanced MetaTrader 5 (MT5) trading platform
- Offers diverse assets like Forex, cryptocurrencies, metals, and energies
- Established in 2024, making it a very new and inexperienced firm
Cons
- Operates entirely on demo accounts with no live market access
- Strict rules like high-profit targets and low daily loss limits make the firm very unattractive
- High challenge fees, starting at $100
- No free trials or free repeats
- Lacks educational resources
Safety of Alpha Trade – 0
There are no Alpha Trade reviews on the FPA, which is typically a red flag. On Trustpilot, the firm has over 300 reviews, of which around 13% are 1-star evaluations, indicating serious inefficiencies in the firm’s services. Another important factor is the firm’s experience in the prop trading industry. The firm was launched in 2024, which makes it very young and inexperienced in the prop trading sector. All funded accounts are demo accounts, and traders are never allowed to access live markets, which is yet another downside of this firm.
The firm gets a 0 score in this section as it lacks all important safety features and has many negative trader reviews, which is a huge red flag.
Alpha Trade Funding and maximum capital allocation – 3
Alpha Trade funded programs are two, 1-step and 2-step evaluations. The 1-step challenge requires traders to hit the profit target only once, while the 2-step has an additional phase to get funded. Both challenge types have the same funded options range, including 10k, 25k, 50k, 100k, 200k, and 300k USD amounts.
Alpha Trade funding options are diverse, and the firm allows up to 600k USD in maximum funding via a scaling plan. All Alpha Trade challenges require traders to follow strict rules, which we will assess below in more detail.
Alpha Trade scaling plan allows traders to grow their funded account by 25% and offers up to 90% profit split.
As a result, the firm gets a 3 score in this section for offering an average funding experience.
Alpha Trade Assets – 2.5
Alpha Trade prop trading assets allowed include cryptos, Forex majors & minors, indexes, indices, and MINIs, metals, and energies such as gas and oil. There are no stocks offered directly, but traders can still expose themselves to stocks by using indices, which is not as comfortable. The leverage is different for each account. The standard leverage is 1:50 for all challenges, but traders can increase it by purchasing an add-on to get 1:100.
Overall, the firm gets a 2.5 score in this section.
Alpha Trade Trading rules and limitations – 0.2
Alpha Trade rules differ for each funded challenge type the firm offers. The one-step Alpha Trade challenge requires traders to follow the following rules:
- Profit target – 12%
- Daily loss limit – 3%
- Maximum drawdown – 6%
- Minimum trading days – 10 days
The two-step challenge has the following rules:
- Profit target – 10%
- Daily loss limit – 6%
- Maximum drawdown – 11%
- Minimum trading days – none
With these super strict rules, we don’t see anyone getting funded in a reasonable time period, which makes the firm extremely unattractive for prop trading.
As a result, the firm gets a 0.2 score in this section for having one of the strictest requirements.
Alpha Trade Fees – 1
The pricing with the firm is not very attractive, as it starts from 100 dollars on both challenges, and many much more reliable firms offer half that price for challenges. Let’s list the pricing for each funded amount:
- Funded amount: 10,000 USD – One-time price: 100 USD
- 25k USD – 250 USD
- 50k USD – 350 USD
- 100k USD – 550 USD
- 200k USD – 950 USD
- 300k USD – 1,600 USD
With these expensive fees and unreliable security, the firm is not attractive, neither to beginners or experienced traders.
Alpha Trade free trial is not offered, which is yet another downside as traders can not test trading conditions or develop tailored trading strategies before they purchase the actual challenge.
Alpha Trade free repeat is not offered either, and traders have to pay for challenges to start over in case they fail evaluation.
Overall, the firm gets a 1 score in this section for offering expensive fees and unattractive conditions.
Alpha Trade Platforms – 4
The firm allows access to the advanced training platform, MetaTrader 5 (MT5). This platform allows for custom indicators and EAs, which makes it very robust and attractive software. Mobile trading is available via the MT5 mobile app.
Overall, the firm gets a 4 score in this section.
Alpha Trade Profit-Sharing – 2
Alpha Trade profit split is 70% for daily payouts and 80% for 7-day payouts, and traders can get up to 90% if they use the scaling plan.
In the end, the firm gets a 2 score in this section.
Education and trading tools at Alpha Trade – 0
Alpha Trade does not provide educational resources at all. There are no webinars, trading courses, or video guides. There is no trading blog either, which makes the firm not suited for beginner traders.
In the end, the firm gets a 0 score in this section for not providing educational resources.
Customer Support at Alpha Trade – 2.4
Customer support is provided via live chat and email channels. There is no phone support offered, which is usually a red flag. Both the website and support are only available in the English language, which is a drawback for international traders.
In the end, the firm gets a 2.4 score in the support section for lacking multilingual capabilities and hotline support options.
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