Alphatrader is a prop firm that offers you the opportunity to trade with up to $300k. It’s established in 2022 and registered in Kingstown, ST Vincent And The Grenadines.
Community Feedback for Alphatrader
Alphatrader has a rating of 4.3 stars out of 65 reviews. 84% of the reviews are 5-star, praising the weekly payouts, drawdown limits, and reliability. 11% of the reviews are 1 star, mentioning the customer’s slow response.
Platforms Used by Alphatrader for Trading
Alphatrader uses the Tradelocker platform for trading.
Alphatrader: Instruments You Can Trade
You can trade:
- Crypto
- Energies
- Forex
- Indices
- Metals
Payment Options at Alphatrader
You can pay with Crypto, Mastercard, and Visa at Alphatrader.
Account Size Options in Alphatrader
Alphatrader offers the following account sizes:
- $25k
- $50k
- $100k
- $200k
- $300k
Understanding Profit Splits at Alphatrader
At Alphatrader the first payout comes with an 80% profit split, and all others come with a 90% profit split.
Alphatrader Approach to Profit Targets
The profit target in the first stage at Alphatrader is 10%, and 5% in the second.
Drawdown Rules and Daily/Max Loss Policy at Alphatrader
The maximum overall drawdown is 11%, while the maximum daily loss is 6% for both stages.
Minimum and Maximum Trading Days at Alphatrader
There is no maximum number of trading days. There is a minimum of one trading day.
Step Challenges Available at Alphatrader
You can choose from only one 2-phase challenge.
Costs of Entry for Alphatrader Challenges
| Account Size | Cost |
|---|---|
| $25,000 | $250 |
| $50,000 | $300 |
| $100,000 | $500 |
| $200,000 | $900 |
| $300,000 | $1499 |
Commissions and Fees at Alphatrader
There is no information regarding the Alphatraders commissions and fees.
Refund Options at Alphatrader
You get a 100% refund at Alphatrader with the first payout on your funded account.
Does Alphatrader Offer a Free Trial?
No, there are no free trials at Alphatrader.
Payment Frequency at Alphatrader
All payments are done weekly except the first one, that is done after a month.
Alphatrader FAQ
You can’t keep trading, you need to start the challenge over.
Everyone. But, they need to prove their skills during the evaluation.
Next what happens is that your account will be reviewed and verified.
A funded challenge is meant to be a way for traders to show their trading skills.
