Alpha futures account types and differences offer a wide range of account types and a robust trading platform to suit traders with different levels of experience. Alpha Futures gives traders the chance to trade like pros by providing a one-step evaluation to demonstrate trading prowess and the chance to win up to $450,000 in simulated funds. To accommodate traders with a range of trading goals and skill levels, the firm offers several account types. This article will examine Alpha futures account types and differences.
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Alpha Futures Account Types
Alpha Futures provides two main forms of evaluation:
- Standard Accounts
- Advanced Accounts
Standard Accounts
For beginners, especially those who are trading futures for the first time, Standard Accounts are a great starting point. These accounts are intended to assist traders in forming profitable trading routines by providing:
- A low-cost entry barrier
- Less expensive account resets
- Greater allowances for drawdown
- Reduced profit goals
Advanced Accounts
Experienced prop traders are the target audience for Advanced Accounts since they:Ā
- Recognize their trade needs
- Are willing to spend extra money on specialized features
Unique Features of an Advanced Account include:
- In the qualifying stage, there is no consistency rule.
- Absence of a scaling strategy
- No Limitations on News Trading
- Options for weekly payouts
Pricing Structure
The cost of an account is determined by its size:
Evaluation Account Size: $50,000
- Standard Plan Price: $79/month
- Advanced Plan Price: $150,000
Assessment Account Size: $100,000
- Standard Plan Price: $159/month
- Advanced Plan Price: $239/month
Evaluation Account Size: $150,000
- Standard Plan Price: $279/month
- Advanced Plan Price: $419/month
Conditions & Limitations for Trading
Key Trading Restrictions under the Automated Trading Policy:
- Trading systems that are completely automated are strictly forbidden.
- There are some circumstances in which semi-automated trading is acceptable.
Flexibility in Trading
News Trading
Trading during news releases differs depending on the type of account:
- Traders are free to trade during news releases while their Pro accounts are in the Assessment stage.
- It is important to exercise caution during news occurrences after becoming a Qualified Trader.
- Free trading is possible with swing accounts during all news events.
Trading Over the Weekend
Policies for weekend trading include:
- Stage of the Pro Plan Assessment: Trading is permitted over the weekend.
- Qualified Analyst Account: No trading is allowed on weekends.
- Swing Plan: All levels permit weekend trading holdings.
Note: Swap fees may apply to trades made on the weekends.
Considerations for Leverage
One effective financial instrument is leverage, which:Ā
- Makes it possible to manage bigger position sizes with less money.
- Increases the possibility for gains and losses
Alpha Futures places a strong emphasis on ethical trading and knowledge of the dangers connected with leverage.
Additional Account Features
Options for Assessment
At the moment, Alpha Capital Group provides:
- Raw AssessmentĀ
- Standard Assessment
Among the Standard Assessmentās salient features are:
- There are no commission costs for any asset classes.
Potential for Scaling and Profit
After successfully demonstrating their abilities, traders can get up to $450,000 in virtual funds.
In conclusion
A wide range of account types are available on Alpha futures account types and differences extensive trading platforms, catering to traders with different degrees of experience. The firm helps traders improve their abilities and maybe make large profits by providing a variety of trading options, clear pricing, and evaluation programs.
When choosing between Standard and Advanced account types, traders should carefully examine their trading goals, risk tolerance, and trading style. Selecting an account that complements oneās trading style and goals for professional growth is crucial.
Frequently Asked Questions
How Does The Alpha Futures Scaling Plan Work?
The scaling plan follows an āearn your large positionsā philosophy:
- Traders start with limited contracts (2-3 minis for $50K accounts)
- Position sizes increase as traders demonstrate profitability
- Maximum allocation reaches 15 contracts for $150K accounts with $4,500+ in profits
What Risk Control Measures Are In Place For Alpha Futures?
There are two main risk control mechanisms in alpha futures:
Daily Loss Guard:
- 2% limit for qualified accounts
- Temporarily locks trading until next day if breached
Maximum Loss Limit:
- Standard Accounts: 4%Ā
- Advanced Accounts: 3.5%Ā
- Breaching this limit results in account termination
What Leverage Does Alpha Futures Gives TradersĀ
- Trade like professional futures traders
- Prove skills through a one-step evaluation
- Potentially receive up to $450,000 in simulated funds
What Are The Evaluation Requirements In Alpha Futures?
Alpha Futures structures its evaluation to:
- Identify disciplined traders
- Help develop sustainable trading habits
- Provide a straightforward qualification path
- Operate without daily loss limits
- Protect accounts through a Maximum Loss Limit (MLL)
