ThePropTrade vs Alpha Trader: Prop Firm Comparison

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

ThePropTrade

Alpha Trader

Base price

$499.00

$749.00

Discount

10% (TL10)

60% (NEW60)

Final price

$449.10

$299.60

Refundable fee

The fee is refunded upon 3rd payout (not applicable for Instant Funding)

OneStep Accounts & 2-Step Accounts have Refundable Fees.

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

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

ThePropTrade

Alpha Trader

Profit split

80%

80%

Profit target (Step 1)

—

—

Max daily loss

3%

3%

Max total drawdown

6%

5%

Drawdown type

Trailing Drawdown

Daily Reset

Both ThePropTrade and Alpha Trader offer similar profit split terms for the selected challenges. ThePropTrade and Alpha Trader use similar daily loss limits for the selected challenges.

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

ThePropTrade

Alpha Trader

Minimum trading days

0

7

Maximum trading days

Unlimited

Unlimited

ThePropTrade allows fewer minimum trading days before challenge completion than Alpha Trader.

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

ThePropTrade

Alpha Trader

Forex leverage

1:50

1:25

Crypto leverage

1:1

1:1

Indices leverage

1:10

1:10

Commodities leverage

1:10

1:10

Stocks leverage

—

—

ThePropTrade and Alpha Trader 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 ThePropTrade and Alpha Trader. Permissions may vary by program, but the table below reflects the currently selected challenges for each firm.

ThePropTrade

Alpha Trader

Balance scaling

Yes

Yes

Trading bots allowed

—

—

Copy trading allowed

Yes

Yes

News trading allowed

Not allowed 5 Minutes before and after critical news - soft breach (profit removal, however account remains active)

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

Challenge fee refundable

Yes

Yes