As of the latest investigations, Alpha Trader no longer operates as a proprietary trading firm; now, the company only provides educational resources on its official website.
Alpha Trader has designed 1-step and 2-step evaluation programs to assess traders and provide them with up to $600K in trading capital.
The prop firm offers leverage options of up to 1:100 and a 90% profit split.
Alpha Trader; An Introduction to the Prop Firm
Alpha Trader Ltd. is a proprietary trading firm headquartered in the United States. The firm was founded by Alex Santi in 2022. Key features of Alpha Trader:
- 1-step and 2-step evaluation challenges
- Up to $600K in trading funds
- Virtual trading accounts
- No time limits
Alpha Trader Specific Features
The company offers a unique feature: daily payout, a rarity even among top prop firms. However, traders should pay extra to activate the option.
Account currency | N/A |
Minimum price | $100 |
Maximum leverage | 1:100 |
Maximum profit split | 90% |
Instruments | Forex, Metals, Indices, Crypto, Energies |
Assets | N/A |
Evaluation steps | 1-Step, 2-step |
Withdrawal methods | Rise, Crypto |
Maximum fund size | $600K |
First profit target | 10% |
Max. daily loss | 6% |
Challenge time limit | Unlimited |
News trading | Yes (add-on) |
Maximum total drawdown | 11% |
Trading platforms | MT5, TradeLocker |
Commission | N/A |
TrustPilot score | 4.3 |
Payout frequency | daily |
Established country | The United States |
Alpha Trader Prop Firm Pros & Cons
When considering any prop firm, weighing the advantages against the potential drawbacks is crucial. Here's a balanced look at Alpha Trader's pros and cons.
Pros | Cons |
Generous 90% profit split | Lack of transparency about the company’s background |
Daily payouts | Higher than average fees |
News trading add-on | Strict challenge rules for 1-step program |
Refundable challenge fees | Limited scaling plan |
Challenge Prices
One of the first hurdles in your Alpha Trader journey is selecting and paying for the appropriate challenge. The firm offers refunds on challenge fees upon reaching the funded stage.
Account Balance | One-Step | Two-Step |
$10K | $100 | $100 |
$25K | $250 | $250 |
$50K | $350 | $300 |
$100K | $550 | $500 |
$200K | $950 | $900 |
$300K | $1,600 | $1,499 |
Alpha Trader Registration and Verification
Embarking on your Alpha Trader journey begins with a straightforward registration process, followed by a KYC verification process upon reaching the funded stage. To go through the Alpha Trader registration without any hassles, go through the following steps.
#1 Visit the Official Platform
Go to the official Alpha Trader website and click “Log In” or “Open an Account” to begin.
#2 Select the Sign-Up Option
From the login page, choose “Sign Up” to access the account creation form.
#3 Enter Basic Details
Provide your first name, a valid email address, and mobile number, then click “Get Started”.
#4 Verify Your Email
Open your inbox, locate the Alpha Trader email, and copy the verification code provided.
#5 Activate Your Account
Paste the code into the confirmation field on the website to finalize your registration and unlock the full dashboard.
#6 Verification
Provide proof of identity (ID card or passport) and proof of address (utility bill or bank statement) to verify your identity on the account.
Alpha Trader Challenge Rules
In this Alpha Trader review, we must mention that the firm’s challenges have no time limits and come with virtual funds.
The firm has restricted various strategies, including Grid Trading, Latency Arbitrage, Tick Scalping, Signal Trading, Martingale, and High-Frequency Trading.
Features | 1-Step | 2-Step |
Trading Period | Unlimited | Unlimited |
Min Trading Day | 10 | None |
Max Daily Loss | 3% | 6% |
Max Total Drawdown | 6% | 11% |
Profit Target | 12% | 10% / 5% |
Max Leverage | 1:60 | 1:100 |
Payout Frequency | Daily | Daily |
Profit Share | 90% | 90% |
Note that without the daily payout add-on, the default payout frequency is weekly.
Promotional Programs
In addition to seasonal discount codes and promotions, the firm also offers a comprehensive affiliate program.
- Coupon Code: The latest promotion in celebration of the 2025 New Year offers 20% Off + 90% Split + 150% Refund (Code: NEWYEAR);
- Affiliate: Refer your friends and earn commissions from their purchases.
Alpha Trader Prop Firm App and Platform
The company’s primary offering for trading solutions is TradeLocker integrated with Trading View. The platform is accessible through desktop devices and web browsers.
Alpha Trader hasn’t forgotten mobile traders, either. The firm offers access to MetaTrader 5 (MT5), one of the most advanced trading platforms.
Trading Rules
Trading with Alpha Trader is subject to specific rules that must be considered before getting started.
Available Trading Instruments
Based on the platform you choose, you gain access to different trading instruments, including:
TradeLocker
- Cryptocurrencies
- Energies (NGAS, USOIL, UKOIL)
- All Forex market majors and crosses
- Indexes/Indices and .MINIs
- Metals
Platform 5 (MT5)
- All Forex majors and crosses
- Indexes/Indices and.MINIs
- Metals
- Cryptocurrencies (coming soon)
Alpha Trader Funding and Withdrawal
The prop firm provides several payment options for the sake of its clients. It offers daily payouts for an extra fee.
While withdrawals under $2,500 are processed in less than 24 hours, more significant amounts may take up to 48 hours.
- Purchase: Credit/Debit Cards (Visa, MasterCard, American Express, and Discover) and Crypto (Crypto Cloud)
- Payout: Rise (Crypto, ACH, and Wire transfer) and Crypto.
To be eligible for a profit payout, you should make a profit equal to 1% of your account balance.
Alpha Trader Prop Firm Trading Fees
Understanding the fee structure is crucial when considering Alpha Trader. However, the platform’s website does not disclose any specific data concerning trading commissions and spreads.
Before finalizing your challenge purchase, contact the firm’s support team to ask about the associated commissions, as they are crucial to your success.
Educational Offerings
The firm doesn’t take traders’ education seriously since its website doesn’t offer any dedicated education section. However, you can access some trading tips through the Alpha Trader YouTube channel.
You can access comprehensive learning materials for free through the TradingFinder's Forex education section.
User Satisfaction
There are more than 370 reviews on the Alpha Trader TrustPilot profile, and only 50 are negative. The primarily positive feedback has gained the prop firm an excellent score of 4.3 out of 5.
How to Reach Customer Support?
Alpha Trader offers 24/7 support through email, Discord community, a Ticket system, and a comprehensive FAQ section.
support@thealphatraderfirm.com | |
Discord | Open support tickets for faster assistance |
Ticket | Accessible through the “Knowledge Base” page |
Chatbot | Available on the official website |
Live Chat | Ask the bot to connect you to a live agent |
Alpha Trader Prop Firm on Social Media
The platform is active on various social media platforms like YouTube and Instagram. However, it doesn’t have Twitter, Telegram, or LinkedIn pages.
- Alpha Trader Discord
- Alpha Trader Facebook
- YouTube
Expert suggestions
Alpha Trader provides access to funded accounts ranging from $10K to $300K to trade Forex and Cryptocurrencies on MT5 and TradeLocker platforms. The prop firm has a TrustPilot score of 4.3/5 and accepts US clients.