Company Information

• Company Name: Alpha Trader
• Company Legal Name: Alpha Trader Ltd.
• Company Registration No.: Undisclosed
• Operating Since: May 2024
• CEO Name: Undisclosed

Challenge Details

Alpha Trader has 2 types of challenge, One Step and Two Step Challenge. Here are the details :- 

One Step Challenge

• Pricing:
  • $25,000 Account – $250
  • $50,000 Account – $300
  • $100,000 Account – $500
  • $200,000 Account – $900
  • $300,000 Account – $1,499
• Rules:
  • Profit Target: 12%
  • Total Loss Limit: 6%
  • Daily Loss Limit: 3%
  • Profit Share: 90%
  • Drawdown Type: Static Drawdown
  • Time Limit: Unlimited
  • Leverage: 1:60
  • Max Lot Size: No lot size limit
  • Payout Frequency: Every 14 days, with an option to add 7 days or daily payouts
  • Copy Trading: Not Allowed
  • Minimum Trading Days: 10 Days

Two Step Challenge

• Pricing:
  • $25,000 Account – $250
  • $50,000 Account – $300
  • $100,000 Account – $500
  • $200,000 Account – $900
  • $300,000 Account – $1,499
• Rules:
  • Profit Target (Phase 1): 10%
  • Profit Target (Phase 2): 5%
  • Total Loss Limit: 11%
  • Daily Loss Limit: 6%
  • Profit Share: 90%
  • Drawdown Type: Static Drawdown
  • Time Limit: Unlimited
  • Leverage: 1:100
  • Max Lot Size: No lot size limit
  • Payout Frequency: Every 14 days, with an option to add 7 days or daily payouts
  • Copy Trading: Not Allowed
  • Minimum Trading Days: 0 Days

Scaling Plan

Alpha Trader encourages traders to achieve consistent profitability by offering a scaling plan. Traders who meet the performance criteria can qualify for a 25% increase in their account balance every three months.

• Eligibility:  Make Profit of 6% over three months, with profitability in at least two of those three months.

Spreads and News Trading Rules

Spreads:

Spreads are not specifically mentioned by Alpha Trader.

News Trading Rules:

To manage volatility around high-impact events, Alpha Trader restricts trading during red-folder news releases for those who do not purchase the News Trading Add-On. Traders must undestand these conditions if there is an upcoming new event:

1. 5 Minutes Before Event: No trades can be initiated within 5 minutes before a red-folder event.
2. During the Event: All trades must be closed before the start of the news event.
3. 5 Minutes After Event: No trades can be opened within 5 minutes after the event concludes.

Other Important Rules

Daily Drawdown Calculation:

Alpha Trader calculates daily drawdown based on balance or equity whichever is higher at the end of the day. The drawdown type is equity based drawdown therefore the daily drawdown will keep recalculating based on the profit and loss with each trade. The drawdown limit will also grow or shrink based on the account's performance.

Countries Banned from Purchasing:

Alpha Trader restricts access to individuals residing in certain countries. These include, but are not limited to:

• Afghanistan
• Botswana
• Burma (Myanmar)
• Democratic Republic of Congo
• Crimea
• Cuba
• Ethiopia
• Iran
• Iraq
• Japan
• Libya
• North Korea
• Pakistan
• Republic of the Congo
• Russian Federation
• Somalia
• Sudan
• Syria
• Trinidad and Tobago
• Tunisia
• Yemen
• Zimbabwe.

Prohibited Trading Strategies:

Alpha Trader does not allow the following strategies:

• Grid Trading
• Latency Arbitrage
• Reverse Arbitrage
• Tick Scalping
• Account Management
• Signal Trading
• High-Frequency Trading
• Martingale
• Hedging Between Accounts
• Guaranteed Limit Orders
• Data Feed Manipulation
• Trading on Delayed Charts
• Macroeconomic Trading During High-Impact Reports or Manipulating Price Volatility
• Hedging

Payout Methods

Traders at Alpha Trader can receive payouts through Rise, from which traders can withdraw their payout to their banks or crypto wallets.

Trading Commissions

Trading commissions are not specified, so traders should confirm any applicable fees directly with Alpha Trader for their desired products.

IP Rule

IP rules are not clearly specified by Alpha Trader.