Alpha Futures Review 2027Core Trading Conditions and Fees

Alpha Futures review 2027: a London futures firm with a 90% split and its own platform

Alpha Futures launched in 2024 as the futures arm of the group behind Alpha Capital Group. It is based in London and led by Ben Chaffee, alongside the group's founders. In its first two years it has built one of the strongest public review records among futures prop firms, helped by an end-of-day drawdown and quick payouts. It changed its plans and platforms during 2026. This review describes the current offer for 2027.

Plans

The firm sells one-step evaluations on accounts from $50,000 to $150,000. The line-up has been revised more than once. The original Standard plan, which paid a tiered split starting at 70%, was retired in May 2026. The current evaluation plans are Zero and Advanced, with a Premium tier referenced in some materials, and a Direct plan with no evaluation was added in July 2026. Prices are charged monthly, starting at about $79.

The maximum loss limit

Alpha Futures uses a trailing maximum loss limit calculated at the end of the day. Intraday swings in open profit do not move it. Once the limit reaches the starting balance it locks and stops trailing. This is more forgiving than an intraday trailing limit. The size of the limit and the profit target differ by plan: the Advanced plan has a higher target and a tighter limit than the entry plan. Some plans have a daily loss limit and others do not.

Qualified accounts and the split

Passing the evaluation leads to a qualified account, which is simulated. The performance split is 90% on current plans. A consistency rule of 40% applies on some qualified accounts and not on others. Payouts are available on a weekly or bi-weekly cycle depending on the plan, with a maximum amount per request that rises with the plan and reaches $15,000 at the top.

Payout speed

The firm states that payouts are processed within 48 business hours. Its public reviews are largely about this point, and it reports close to $19 million paid to traders.

Platforms

From July 2026, new accounts run on AlphaTrader, the group's in-house platform, and a small number of third-party options. NinjaTrader and Tradovate, which earlier accounts used, are no longer offered for new purchases. Traders who rely on those tools should confirm what is supported before subscribing.

Trading rules

Fully automated trading is prohibited, and semi-automated tools with manual execution are allowed. A trader may copy trades across their own accounts but not with other people. News restrictions apply on qualified accounts. A VPN may not be used. The number of qualified accounts per household is limited.

A path beyond simulation

Consistent traders can be invited to a live programme that offers a share of real trading gains along with other benefits. Places depend on performance and the firm's discretion.

Things to consider

The firm is young and has changed plans and platforms several times in one year. The monthly fee continues until you pass. The ban on full automation rules out algorithmic strategies. As with all firms of this type, the accounts are simulated and payment depends on the company.

Pros and cons

• End-of-day drawdown: locks at the starting balance.
• Split: 90% on current plans.
• Payout speed: processed within 48 business hours.
• Group backing: part of an established UK prop group.
• Platform change: NinjaTrader and Tradovate dropped for new accounts.
• No full automation: manual execution required.

Who is Alpha Futures for?

Alpha Futures suits discretionary futures day traders who want an end-of-day limit and fast payouts. Algorithmic traders and those committed to a specific third-party platform should check compatibility first.

Verdict

Alpha Futures has made a strong start and treats payouts seriously. For 2027 it is one of the better newer futures firms. Check the current plan names and platform list before you buy.

Alpha Futures review: compare the alternatives

This Alpha Futures review is part of our Top 40 Prop Trading Firms in 2027 ranking. To compare, read the ThinkCapital review and the Axi Select review.