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Alpha Trader Firm

Explore available platforms, evaluation programs and payout rules.

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Score
4.3/10
Safety grade
D
Founded
Jan 2022
Direct funding
Not available
Read full company overview
Alpha Trader Firm LLC is a Wyoming-registered proprietary trading evaluation company founded in 2022, headquartered in Casper, Wyoming. The firm operates simulated trading evaluation services with virtual funds and reports over $50M paid out in rewards to 150,000+ traders across 140+ countries. Alpha offers five challenge models (1-Step, 2-Step, 2-Step PRO, Instant Funding, Instant Funding PRO) on TradeLocker and Match-Trader platforms, with account sizes from $10K to $400K and total allocation up to $4M via scaling. Profit splits reach 100% on standard 30-day payouts; 90% bi-weekly and 70% on-demand options are also available. The company explicitly operates as an educational/evaluation provider and is not a broker, dealer, or registered financial institution.
Profit splitUp to 100% (1-Step/2-Step PRO Standard); 90% Bi-Weekly / 90% On-Demand (Instant Funding)
PayoutsBi-weekly (14-day)

Platforms

Trading platforms supported by Alpha Trader Firm.

Match Trader

A modern platform with advanced charting.

MetaTrader 5 (MT5)

Trading platform supported by this firm.

TradeLocker

Trading platform supported by this firm.

Programs & evaluation

Choose from a range of evaluation programs with flexible profit splits and trading conditions.

Profit split
Up to 100% (1-Step/2-Step PRO Standard); 90% Bi-Weekly / 90% On-Demand (Instant Funding)
Programs & evaluation
Multiple programs (see official website)

Challenge

Account size
$10K
Profit target
$800 (8%)
Drawdown model
Static

Challenge

Account size
$10K
Profit target
$800 (8%)
Drawdown model
Static
View all 21 programs

Challenge

Account size
$10K
Drawdown model
Static

Challenge

Account size
$25K
Profit target
$2,000 (8%)
Drawdown model
Static

Challenge

Account size
$25K
Profit target
$2,000 (8%)
Drawdown model
Static

Challenge

Account size
$25K
Drawdown model
Static

Challenge

Account size
$50K
Profit target
$4,000 (8%)
Drawdown model
Static

Challenge

Account size
$50K
Profit target
$4,000 (8%)
Drawdown model
Static

Challenge

Account size
$50K
Drawdown model
Static

Challenge

Account size
$100K
Profit target
$8,000 (8%)
Drawdown model
Static

Challenge

Account size
$100K
Profit target
$8,000 (8%)
Drawdown model
Static

Challenge

Account size
$100K
Drawdown model
Static

Challenge

Account size
$200K
Profit target
$16,000 (8%)
Drawdown model
Static

Challenge

Account size
$200K
Profit target
$16,000 (8%)
Drawdown model
Static

Challenge

Account size
$200K
Drawdown model
Static

Challenge

Account size
$300K
Profit target
$24,000 (8%)
Drawdown model
Static

Challenge

Account size
$300K
Profit target
$24,000 (8%)
Drawdown model
Static

Challenge

Account size
$300K
Drawdown model
Static

Challenge

Account size
$400K
Profit target
$32,000 (8%)
Drawdown model
Static

Challenge

Account size
$400K
Profit target
$32,000 (8%)
Drawdown model
Static

Challenge

Account size
$400K
Drawdown model
Static

Payouts & rules

Get paid bi-weekly (14-day) with a variety of methods and clear rules.

Payouts & payments
Multiple options (see official website)
Payouts
Bi-weekly (14-day)
Payout frequency note
Standard 30-day at 100% split; 7-day weekly add-on at 80%; on-demand at 90%; bi-weekly default for Instant Funding at 90%
Payout rules
Processing Time
Within 24 hours of approval
Payouts
Every 30 days (Standard at 100% split); bi-weekly 14-day (Instant Funding at 90%); weekly 7-day add-on at 80%; on-demand at 70%
First Payout Days
30
Consistency For Payout
Trader Score applies: best single-day profit must not exceed 35% of total realized profit (1-Step/2-Step Standard) or 20% (Instant Funding). Resets after each approved payout.
Fee Refunded On First Payout
Yes
Trading rules
Hedging Allowed
Not allowed
News Trading Note
News trading allowed during 1-Step PRO and 2-Step PRO challenge evaluation phases; not allowed by default on funded accounts unless the News Trading Add-On is purchased (applies to 1-Step PRO, 2-Step PRO and Instant Funding funded accounts). Check current rules at alphafunded.com/faq.
Martingale Allowed
Not allowed
Stop Loss Required
No
Drawdown Type Funded
1-Step PRO funded: 6% max loss (static), 3% daily. 2-Step PRO funded: 5% max loss (static), 3% daily, 3% floating PnL limit. Instant funded: 5% max loss (trailing), 3% daily, 1% floating PnL limit.
Drawdown Model Funded
static
Ea Automation Allowed
Not allowed
Consistency Rule Funded
1-Step PRO funded: best single-day profit must not exceed 35% of total realized profit, resets after each approved payout. 2-Step PRO funded: no consistency requirement. Instant Funding funded: 20% or lower, resets after each approved payout.
Drawdown Type Challenge
1-Step PRO challenge: 6% max loss (static), 3% daily loss limit. 2-Step PRO challenge (both phases): 5% max loss (static), 3% daily loss limit. Note: Alpha Trader Firm's general Drawdown and Total Loss help article still states 10% static / 5% daily for 1-2 Step accounts, unreconciled with the newer 1-Step PRO / 2-Step PRO program pages; the program-specific pages are treated as authoritative since they name the currently live pricing tier (2-Step relaunched as PRO for purchases from August 6 2026 onward).
Weekend Holding Allowed
Allowed
Drawdown Model Challenge
static
Overnight Holding Allowed
Allowed
Consistency Rule Challenge
No consistency rule during 1-Step PRO or 2-Step PRO challenge evaluation phases.

What stands out

Published advantages and trade-offs to review before choosing a program.

Key benefits

Up to $4M total allocation. Multiple challenge models (1-Step, 2-Step, 2-Step PRO, Instant, Instant PRO). Up to 100% profit split (Standard 30-day payout). Refundable fees on 1-Step/2-Step after first payout. No time limit. News trading and overnight holding allowed. FREE 10K Instant Funded Account included with any 100K+ Challenge.

Things to consider

Trader Score limit (35% Standard, 20% Instant) restricts large single-day wins. Floating PnL cap (1% Instant, 3% Standard). Trading suspended during 5-day payout review. Simulated demo environment only (per legal disclosure). Instant Funding fees non-refundable.

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