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Alpha Trader Review

Alpha Trader is a prop firm established in 2022. The company is registered in Kingstown, ST Vincent And The Grenadines. The owner of Alpha Trader is Alex Santi. Alpha Trader offers the opportunity to trade with up to $300k.

Alpha Trader Review
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Trading Platforms at Alpha Trader

You can use Tradelocker as a trading platform at Alpha Trader. Tradelocker platform is a new, modern platform with over 2.5 million traders.

Range of Instruments by Alpha Trader

Alpha Trader offers the following trading instruments:

Payment Methods at Alpha Trader

You can pay with:

Available Account Sizes at Alpha Trader 

Alpha Trader offers 5 account sizes:

Profit Split Structure at Alpha Trader 

You can get up to 90% profit split at Alpha Trader. The first month, the profit split is 80%, every next one is 90%.

Targeting Profits with Alpha Trader 

10% is the profit target in the first stage and 5% at the Second stage.

Daily Loss and Drawdown Rules at Alpha Trader 

The maximum overall loss at Alpha Trader is 11% for all stages. The maximum daily loss is 6% for both stages.

Minimum and Maximum Days for Trading at Alpha Trader

You need to trade at least one day. When it comes to the maximum number of trading days, you’re not limited, take your time.

Prop Firm Name Challenges

Alpha Trader offers a 2-Phase challenge. You need to pass the challenge in order to get a funded account. Each phase has rules and targets you need to follow. All this is combined with the maximum overall and daily loss. 

Pricing for Challenges

There is only one type of challenge available and it’s a 2-step challenge. 

Account SizeCost
$25,000$250
$50,000$300
$100,000$500
$200,000$900
$300,000$1499

Fees and Commission Structure

Alpha Trader doesn’t mention fees and commissions on their website.

Refund Conditions at Alpha Trader

Refunds at Alpha Trader are extremely high compared to other prop firms. You get a 100% refundable fee. This fee is sent from your funded account during the first payout. 

Free Trials at Alpha Trader

There are no free trials at Alpha Trader. 

How Often Does Alpha Trader Prop Firm Pay Traders?

You can request a payout a month after you pass the challenge. Every next payout is weekly. 

The Good and Bad of Alpha Trader

Pros

  • Weekly payouts
  • Five account sizes available
  • Refundable fees

Cons

  • No free trial

Prop Firm Alpha Trader FAQ

What Happens if I Breach the Rules?

If you break the rules, you need to start over. You can buy an unlimited number of challenges.

Who Can Join Alphatrader?

Everyone can join Alphatrader. You just need to prove your skills during the evaluation phase.

What Happens if I Pass Phase 2?

After you pass the second phase, your account will be reviewed. After that, you need to verify your identity to trade.

What is a Funded Challenge?

A funded challenge is a way for traders to prove their trading skills. You need to pass a set of challenge requirements, and you’ll get a funded account up to $300k of capital.


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