Alpha Trader vs Funding Traders: Prop Firm Comparison

Here's a detailed look at the entry costs for Alpha Trader and Funding Traders. Final prices include any active discounts. All pricing information is accurate as of today's date.

Alpha Trader

Funding Traders

Base price

$249.00

$139.00

Discount

60% (NEW60)

—

Final price

$99.60

$139.00

Refundable fee

OneStep Accounts & 2-Step Accounts have Refundable Fees.

With an optional add-on, you can get up to a +500% refund bonus on your challenge fee, which will be processed alongside your first payout in the funded phase once you complete the evaluation and meet payout eligibility criteria.

Alpha Trader has a lower entry price than Funding Traders for the selected challenges.

This section compares profit targets, profit splits, and risk limits for the selected default challenges from Alpha Trader and Funding Traders. Risk parameters may vary by program, but the table below reflects the currently selected challenges for each firm.

Alpha Trader

Funding Traders

Profit split

100%

80%

Profit target (Step 1)

10%

8%

Profit target (Step 2)

5%

5%

Max daily loss

5%

6%

Max total drawdown

10%

12%

Drawdown type

Daily Reset

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Alpha Trader offers a higher profit split than Funding Traders for the selected challenges. Funding Traders allows a higher daily loss limit than Alpha Trader for the selected challenges.

This section compares the minimum and maximum trading day requirements for the selected default challenges from Alpha Trader and Funding Traders. Trading time limits may vary by program, but the table below reflects the currently selected challenges for each firm.

Alpha Trader

Funding Traders

Minimum trading days

0

For accounts $200k, $350k, and $500k, the minimum trading days are 7, 25, and 40, respectively. For the rest of account sizes, only 1.

Maximum trading days

Unlimited

Unlimited

Both Alpha Trader and Funding Traders have similar minimum trading day requirements for the selected challenges.

This section compares the leverage limits available across different asset classes for the selected default challenges from Alpha Trader and Funding Traders. Leverage availability and limits may vary by instrument or program, but the table below reflects the currently selected challenges for each firm.

Alpha Trader

Funding Traders

Forex leverage

1:25

1:100

Crypto leverage

1:1

1:5

Indices leverage

1:10

1:50

Commodities leverage

1:10

1:50

Stocks leverage

—

—

Alpha Trader and Funding Traders offer different leverage limits across asset classes for the selected challenges. Review the table above to see how each firm compares.

This section compares trading permissions and operational rules for the selected default challenges from Alpha Trader and Funding Traders. Permissions may vary by program, but the table below reflects the currently selected challenges for each firm.

Alpha Trader

Funding Traders

Balance scaling

Yes

Yes

Trading bots allowed

—

Yes

Copy trading allowed

Yes

Yes

News trading allowed

https://faq.alphafunded.com/en/articles/13746480-news-trading-add-on

News trading is allowed, but conditions apply.

Challenge fee refundable

Yes

Yes

Trading permissions differ between Alpha Trader and Funding Traders—check the table above for specific allowances.