Alpha Trader Firm Pricing and Evaluation Guide

Alpha Trader Firm offers four evaluation types with one-time pricing: One-Step ($119-$999)¹, Two-Step ($79-$899)², Two-Step Pro ($59-$799)³, and Instant Funding ($99-$699)⁴. Challenge fees are refundable on One-Step, Two-Step, and Two-Step Pro after passing and first payout⁶. The standard payout offers a 100% profit split on a 30-day cycle with 80% on the first payout⁵.

This guide covers pricing for all challenge types and account sizes, competitor comparisons, and value analysis.

One-Step Challenge Pricing

A single-phase evaluation with an 8% profit target and 6% max drawdown¹. Daily loss limit of 3% and floating PnL limit of 3%¹. Requires 5 profitable days with at least 0.50% return each¹. Unlimited evaluation duration¹. Fee refunded after first successful payout⁶.

• $10K: $119 — $800 profit target, $600 max drawdown, $300 daily loss limit¹
• $25K: $299 — $2,000 profit target, $1,500 max drawdown, $750 daily loss limit¹
• $50K: $399 — $4,000 profit target, $3,000 max drawdown, $1,500 daily loss limit¹
• $100K: $599 — $8,000 profit target, $6,000 max drawdown, $3,000 daily loss limit¹
• $200K: $999 — $16,000 profit target, $12,000 max drawdown, $6,000 daily loss limit¹

Two-Step Challenge Pricing

Two phases with a 10% Phase 1 target and 5% Phase 2 target². The most generous drawdown at 10% max loss with a 5% daily loss limit and 3% floating PnL limit². Minimum 3 trading days per phase with unlimited evaluation duration². Stage 2 is free². Fee refunded after passing⁶.

• $10K: $79 — Phase 1: $1,000 / Phase 2: $500, $1,000 max drawdown, $500 daily loss²
• $25K: $249 — Phase 1: $2,500 / Phase 2: $1,250, $2,500 max drawdown, $1,250 daily loss²
• $50K: $349 — Phase 1: $5,000 / Phase 2: $2,500, $5,000 max drawdown, $2,500 daily loss²
• $100K: $549 — Phase 1: $10,000 / Phase 2: $5,000, $10,000 max drawdown, $5,000 daily loss²
• $200K: $899 — Phase 1: $20,000 / Phase 2: $10,000, $20,000 max drawdown, $10,000 daily loss²

Two-Step Pro Pricing

Tighter parameters than the standard Two-Step: 8% Phase 1 and 4% Phase 2 profit targets³. 5% max drawdown with 3% daily loss limit and 3% floating PnL³. No minimum trading days during evaluation; 5 profitable days required when funded³. Unlimited evaluation duration³. Phase 2 is free³. Fee refunded after first successful payout⁶.

• $10K: $59 — Phase 1: $800 / Phase 2: $400, $500 max drawdown, $300 daily loss³
• $25K: $179 — Phase 1: $2,000 / Phase 2: $1,000, $1,250 max drawdown, $750 daily loss³
• $50K: $299 — Phase 1: $4,000 / Phase 2: $2,000, $2,500 max drawdown, $1,500 daily loss³
• $100K: $499 — Phase 1: $8,000 / Phase 2: $4,000, $5,000 max drawdown, $3,000 daily loss³
• $200K: $799 — Phase 1: $16,000 / Phase 2: $8,000, $10,000 max drawdown, $6,000 daily loss³

Instant Funding Pricing

No evaluation required — begin funded trading immediately⁴. Tightest risk limits: 5% trailing drawdown, 3% daily loss, 1% floating PnL⁴. Requires 10 profitable days with 0.50% gain per day before first withdrawal⁴. Fees are non-refundable⁶.

• $10K: $99 — $500 trailing drawdown, $300 daily loss, $100 floating PnL⁴
• $25K: $199 — $1,250 trailing drawdown, $750 daily loss, $250 floating PnL⁴
• $50K: $299 — $2,500 trailing drawdown, $1,500 daily loss, $500 floating PnL⁴
• $100K: $499 — $5,000 trailing drawdown, $3,000 daily loss, $1,000 floating PnL⁴
• $150K: $699 — $7,500 trailing drawdown, $4,500 daily loss, $1,500 floating PnL⁴

What Each Challenge Type Includes

All challenge types include:

• Unlimited evaluation duration¹²
• 100% profit split on standard 30-day payout cycle (80% on first payout)⁵
• MetaTrader 5, TradeLocker, or MatchTrader platform access¹
• Scaling potential up to $4,000,000⁸
• Rise payment processing¹²

One-Step: Single phase, 6% static drawdown, refundable fee¹⁶

Two-Step: Most generous 10% drawdown, 5% daily loss, refundable fee²⁶

Two-Step Pro: No minimum trading days in evaluation, tighter parameters, refundable fee³⁶

Instant: No evaluation required, immediate funded access, non-refundable fee⁴⁶

Payout Options and Add-Ons

Alpha Trader offers multiple payout schedules⁵:

• Standard (30-day cycle): 100% profit split, 80% on first payout⁵
• Weekly Add-On: 80% profit split⁵
• Bi-Weekly Add-On: 80% profit split⁵
• On-Demand Add-On: 70% profit split⁵

Additional trading add-ons:

• News Trading Add-On: Removes the 5-minute restriction around high-impact news events on funded accounts. Must be selected at checkout and cannot be added later¹⁰
• Weekend Trading: Included for all accounts purchased after January 1, 2026 — no add-on required¹¹

Payouts are processed through Rise with approval taking up to 5 business days¹².

Fee Comparison with Competitors

Comparing $50K account pricing across futures prop firms:

Alpha Trader One-Step $50K: $399 one-time fee, no activation fee, 100% profit split (80% first payout)¹⁵

Apex Trader Funding $50K: $177/month evaluation fee, no activation fee, 100% of first $25,000 in profits then 90%¹³

Topstep $50K: $49/month + $149 activation fee (Standard path), 90% profit split¹⁴

Alpha Futures $50K Standard: $79/month + $149 activation fee, tiered 70/80/90% profit split¹⁵

TopOneFutures $50K Elite: $105/month + $149 activation fee, 100% of first $10,000 then 90%¹⁶

Alpha Trader's one-time fee model differs from the monthly subscription model most competitors use. Monthly subscriptions cost less if you pass quickly, but Alpha Trader's one-time fee has no ongoing costs regardless of evaluation duration.

Costs to Consider

• News Trading Add-On: Required for news trading on funded accounts and adds cost at checkout¹⁰
• Payout split reduction: Weekly and bi-weekly add-ons reduce the split to 80%; on-demand reduces it to 70%⁵
• Instant Funding non-refundable: $99-$699 is lost if you breach the account⁶
• 30-day inactivity closure: Account terminated if no trades are placed for 30 consecutive days⁹
• Trader Score requirement: Must maintain 40% or below (20% for Instant) to be eligible for payout⁷

Value Analysis

Best budget option: Two-Step Pro $10K at $59 — cheapest entry with refundable fee³⁶

Best value for money: Two-Step $50K at $349 — most generous 10% drawdown ($5,000 buffer), refundable fee²⁶

Best for experienced traders: One-Step $100K at $599 — single phase, 8% target, refundable fee¹⁶

Best instant access: Instant $25K at $199 — moderate cost, immediate funded trading⁴

Best large account: Two-Step $200K at $899 — 10% drawdown ($20,000 buffer), refundable, 100% split²⁵⁶

The Two-Step Challenge offers the best combination of generous drawdown and competitive pricing. The Two-Step Pro offers the lowest entry price for budget-conscious traders. One-time fees mean no recurring costs regardless of evaluation duration.

Conclusion

Alpha Trader Firm pricing covers four evaluation types for different trader profiles. The one-time fee structure eliminates ongoing monthly costs, and refundable challenge fees on One-Step, Two-Step, and Two-Step Pro accounts mean successful traders effectively pay nothing for the evaluation⁶.

The Two-Step Challenge offers generous drawdown limits at competitive prices ($79-$899)². Instant Funding provides immediate access for traders willing to pay a non-refundable premium ($99-$699)⁴. Payout add-ons provide faster access to profits but reduce the split from the standard 100%⁵. Funded accounts can scale up to $4,000,000⁸.

Verify current pricing and available add-ons on the Alpha Trader Firm website before purchasing.

References

¹ Alpha Trader Firm FAQ - 1-Step Program
² Alpha Trader Firm FAQ - 2-Step Program
³ Alpha Trader Firm FAQ - 2-Step PRO
⁴ Alpha Trader Firm FAQ - Instant Funding Program
⁵ Alpha Trader Firm FAQ - Payout Options
⁶ Alpha Trader Firm FAQ - Refundable Fees
⁷ Alpha Trader Firm FAQ - Trader Score
⁸ Alpha Trader Firm FAQ - Scaling Plan
⁹ Alpha Trader Firm FAQ - Inactivity Rule
¹⁰ Alpha Trader Firm FAQ - News Trading
¹¹ Alpha Trader Firm FAQ - Weekend Trading
¹² Alpha Trader Firm FAQ - Payout Process
¹³ PropFirmApp - Apex Trader Funding
¹⁴ Topstep Help Center - Pricing
¹⁵ PropTradingVibes - Alpha Futures
¹⁶ TopOneFutures