Alpha Futures 150K Standard: Complete Evaluation & Funded Account Rules

Alpha Futures 150K Standard: Complete Evaluation & Funded Account Rules

The Alpha Futures 150K Standard is a futures trading evaluation designed for traders who want access to a $150,000 simulated trading account and a straightforward path toward becoming funded.

The Standard plan focuses on reaching the required profit target while keeping the account above its maximum loss limit. With no fixed evaluation deadline, traders have the flexibility to trade at their own pace and focus on following a consistent strategy.

Key Specifications

• Account Size: $150,000
• Plan: Standard
• Evaluation: One-step
• Profit Target: $9,000
• Maximum Loss Limit: $4,500
• Drawdown: Trailing
• Daily Loss Limit: None
• Time Limit: Unlimited
• Minimum Trading Days: None
• Consistency Rule: 20%
• Maximum Position Size: 12 Minis / 120 Micros
• Scaling: No scaling during the evaluation
• Profit Split: Up to 90%
• Activation Fee: Depends on the current account offer

How the 150K Standard Evaluation Works

The Alpha Futures 150K Standard evaluation provides traders with a $150,000 account balance for trading futures.

The main objective is to generate the required profit while keeping the account above its maximum loss limit and following the other trading rules.

Once the trader reaches the required profit target and satisfies the applicable requirements, the account can progress to the funded stage according to the current Alpha Futures program.

No Time Limit

The 150K Standard evaluation does not have a fixed time limit.

Traders can take their time and wait for setups that match their strategy rather than forcing trades to reach the target within a specific number of days.

There is also no minimum number of trading days required to complete the evaluation.

Maximum Loss Limit

The Maximum Loss Limit (MLL) is $4,500 on the 150K Standard account.

The account uses a trailing drawdown structure, meaning the applicable drawdown threshold can move as the account reaches new equity highs.

For risk management, traders should focus on the $4,500 drawdown rather than the $150,000 nominal account balance.

The nominal account size represents the trading account level, while the maximum loss limit determines how much room the trader actually has before the account is breached.

What Happens When You Hit the Maximum Loss Limit?

If the account reaches or falls below the applicable maximum loss threshold, the account can be breached.

Once breached, the evaluation cannot continue normally.

Because the maximum loss limit is the primary account survival rule, traders should avoid risking a large portion of the available drawdown on a single position.

Daily Loss Limit

The 150K Standard account does not have a separate daily loss limit under the standard account structure.

However, traders are still responsible for managing their overall risk.

A trader can potentially lose a significant portion of the available drawdown in one session, so setting a personal daily loss limit can help prevent a single bad trading day from putting the account in danger.

Maximum Position Size

The maximum position size for the 150K Standard account is:

• 12 Mini contracts
• 120 Micro contracts

This provides traders with considerable flexibility when trading futures markets.

Traders can also use Micro contracts when they want to manage risk more precisely. For example, MNQ can allow a trader to build a position gradually rather than immediately taking a large NQ position.

Scaling Rules

The 150K Standard evaluation does not use a traditional scaling plan during the evaluation.

The maximum position size is determined by the account's rules rather than increasing automatically as the account balance grows.

Even after reaching a significant amount of profit, traders must continue to respect the maximum contract limit.

Profit Target

The profit target for the 150K Standard account is $9,000.

Starting with a $150,000 account balance, the trader needs to generate $9,000 in profit while remaining within the account's drawdown and consistency requirements.

For example:

• Starting balance: $150,000
• Required profit: $9,000
• Target balance: $159,000

Reaching the target balance alone does not necessarily mean the evaluation is complete. The trader must also satisfy the other applicable rules.

Consistency Rule

The 150K Standard account uses a 20% consistency rule.

The consistency requirement is intended to prevent traders from relying on one exceptionally large winning day to complete the evaluation.

A more balanced profit curve can make it easier to remain within the consistency requirement.

For example, if one trading day produces a very large percentage of the total profit, the trader may need to continue trading until the profit distribution satisfies the required consistency level.

Passing the Evaluation

To complete the 150K Standard evaluation, traders generally need to:

1. Reach the $9,000 profit target
2. Stay above the applicable maximum loss limit
3. Respect the maximum position size
4. Satisfy the 20% consistency requirement
5. Follow Alpha Futures' trading restrictions

After satisfying the requirements, the account can progress according to the current Alpha Futures funded-account process.

Profit Split

Alpha Futures offers a profit split of up to 90%, subject to the applicable funded-account payout rules.

This means traders can keep the majority of eligible profits generated once they become eligible for withdrawals.

The exact payout structure can vary depending on the account type and the rules currently in effect.

Payout Rules

Once the trader reaches the funded stage, withdrawals are subject to the applicable payout requirements.

These may include:

• Minimum profit requirements
• Minimum withdrawal amount
• Maximum withdrawal amount
• Required trading or winning days, if applicable
• Maintaining the required account buffer
• Payout frequency
• Account-specific withdrawal conditions

Traders should verify the current payout rules for the 150K Standard account before requesting a withdrawal.

Payout Example

Suppose a trader grows the 150K account from $150,000 to $162,000.

That represents:

$12,000 in profit

At a 90% profit split, the trader's share would be:

$10,800

The amount actually available for withdrawal may still be affected by the account's specific payout limits and requirements.

News Trading

News trading is subject to Alpha Futures' current trading rules.

Important economic releases can include:

• CPI
• FOMC decisions
• Nonfarm Payrolls
• Interest-rate decisions
• PCE inflation data
• Other high-impact economic releases

Traders should review the current rules before entering or holding positions around major economic announcements.

Overnight and Weekend Trading

Overnight and weekend trading are subject to the applicable Alpha Futures account rules.

Futures markets have scheduled maintenance periods and market closures, so traders should understand the requirements for holding positions outside regular trading hours.

Before leaving positions open through a market closure or weekend, traders should verify that this is permitted for their account.

Account Limits

Alpha Futures may place limits on the number of accounts a trader can purchase, operate, or combine.

Anyone planning to trade multiple 150K accounts should check the current account-limit policy before opening additional accounts.

Account Rules at a Glance

The Alpha Futures 150K Standard can be summarized as follows:

• $150,000 account size
• $9,000 profit target
• $4,500 maximum loss limit
• Trailing drawdown
• No daily loss limit
• Unlimited evaluation time
• No minimum trading days
• 20% consistency requirement
• Maximum 12 Minis or 120 Micros
• No evaluation scaling
• Up to 90% profit split
• News trading subject to Alpha Futures rules
• Overnight and weekend trading subject to account rules

Final Thoughts

The Alpha Futures 150K Standard provides a $150,000 nominal account size with a $9,000 profit target and a $4,500 maximum loss limit.

The unlimited evaluation period gives traders flexibility to wait for quality setups, while the 20% consistency requirement encourages a more balanced approach to reaching the profit target.

The key figure to focus on is not the $150,000 account balance itself, but the $4,500 maximum loss limit. Proper position sizing and drawdown management are therefore essential throughout the evaluation.

As with any prop-firm program, traders should review the latest Alpha Futures rules before purchasing or trading the account, since fees, payout conditions, and trading restrictions can change.