Alpha Futures Direct 100K: Complete Account & Payout Rules

The Alpha Futures Direct 100K is a direct futures trading account designed for traders who want to skip the traditional evaluation process and start trading as a Qualified trader immediately.

Unlike a standard evaluation account, the Direct 100K does not require traders to reach a profit target to pass an evaluation. Instead, traders purchase the account and begin trading under the Direct Qualified Account rules.

The main focus is managing the account's Maximum Loss Limit, respecting the Daily Loss Guard, meeting the 20% consistency requirement, and reaching the required profit threshold for withdrawals.

There is also no scaling plan, meaning the full position limit is available from the beginning.

Alpha Futures Direct 100K: Key Specifications

Account Size: $100,000 Account Type: Direct Qualified Account Evaluation: None Account Price: $789 one-time fee Maximum Loss Limit: $3,000 Drawdown Type: EOD trailing Daily Loss Guard: $1,500 Maximum Position: 8 minis / 80 micros Scaling Rule: None Consistency Rule: 20% Profit Split: 90% First Withdrawal Profit Target: $4,500 Second & Subsequent Withdrawal Profit Target: $3,000 Minimum Withdrawal: $500 Maximum Withdrawal: $3,000 Winning-Day Requirement: None News Trading: Subject to Alpha Futures' major-event restrictions

The figures above reflect the current Direct 100K structure.

How the Alpha Futures Direct 100K Works

The biggest difference between the Direct 100K and a traditional evaluation is simple:

There is no evaluation.

After purchasing the Direct 100K, the trader starts directly with a Qualified account.

There is no separate evaluation stage where the trader needs to hit a predefined profit target.

The account has a nominal starting balance of:

$100,000

The Maximum Loss Limit is:

$3,000

This gives the account an initial loss floor of:

$97,000

The MLL uses an end-of-day trailing system, meaning the drawdown level is based on the account's end-of-day high rather than simply following every intraday equity fluctuation.

Alpha Futures Direct 100K Maximum Loss Limit

The Direct 100K has a:

$3,000 Maximum Loss Limit

At the beginning of the account:

Starting balance: $100,000

Maximum Loss Limit: $3,000

Initial MLL floor: $97,000

The MLL trails upward as the account establishes higher end-of-day balance highs.

For example, if the account finishes a trading day at:

$101,000

the trailing MLL can move upward accordingly.

If the trader later loses money and falls back to $100,500, the MLL does not simply move back down with the account.

This is why traders need to pay close attention to the account's equity and drawdown rather than treating the $100,000 account size as $100,000 of available risk capital.

Once the MLL reaches the original starting balance, it stops trailing.

For example, if the account eventually grows enough for the MLL to reach:

$100,000

the floor becomes locked at the starting balance.

What Happens If You Hit the Maximum Loss Limit?

The Maximum Loss Limit is the primary hard-breach level.

If the account reaches its MLL, the Direct Qualified account is breached and closed.

For the 100K Direct account, that means traders need to protect the:

$3,000 drawdown

The nominal $100,000 account size therefore should not be viewed as a $100,000 personal trading bankroll.

The actual amount that determines the account's survival is the distance between the current account equity and the MLL.

Alpha Futures Direct 100K Daily Loss Guard

The Direct 100K also has a:

$1,500 Daily Loss Guard

The Daily Loss Guard is separate from the Maximum Loss Limit.

The MLL determines the overall account breach level, while the Daily Loss Guard is designed to limit how much the trader can lose during a single trading day.

For the 100K Direct account:

Daily Loss Guard: $1,500

Maximum Loss Limit: $3,000

The Daily Loss Guard is a soft breach, so reaching it does not necessarily mean the entire Qualified account is permanently lost.

Instead, trading can be restricted and positions may be liquidated until the next trading session.

This distinction is important because hitting the Daily Loss Guard and hitting the MLL are two different situations.

Alpha Futures Direct 100K Maximum Position Size

The Direct 100K allows a maximum position of:

8 Minis or 80 Micros

This gives traders considerably more contract capacity than the smaller Direct accounts.

For example, traders can use up to:

8 standard futures contracts

80 micro contracts

subject to the rules of the individual futures instrument.

There is also:

No Scaling Plan

The position limit does not gradually increase as the account becomes more profitable.

The full position limit is available from the beginning.

However, having access to 8 minis does not mean a trader needs to use all 8. Position sizing should still be based on the distance to the MLL and the trader's individual risk per trade.

Alpha Futures Direct 100K 20% Consistency Rule

The Direct 100K uses a:

20% Consistency Rule

The consistency rule applies to withdrawals.

A trader's largest profitable trading day cannot represent 20% or more of the total net profit accumulated during the current payout cycle.

The basic calculation is:

Largest Winning Day ÷ Total Net Profit = Consistency Percentage

The percentage needs to remain below the required 20% level before requesting a withdrawal.

Example

Suppose a trader has generated:

$10,000 total net profit

and their largest winning day was:

$1,800

The calculation would be:

$1,800 ÷ $10,000 = 18%

That is below the 20% threshold.

If the trader's largest winning day was:

$2,500

then:

$2,500 ÷ $10,000 = 25%

The trader would need to generate additional profits before meeting the consistency requirement.

Importantly, exceeding the consistency percentage does not automatically mean the account has been breached. It simply means the trader needs more profit to bring the percentage back within the required range.

Alpha Futures Direct 100K Withdrawal Rules

The Direct 100K does not require a specific number of winning days before requesting a withdrawal.

Instead, the account uses a:

Withdrawal Profit Target

For the first withdrawal, the trader needs to generate:

$4,500 in profit

After the first withdrawal, the requirement changes.

For the second and subsequent withdrawal cycles, the trader needs:

$3,000 in new profit

The withdrawal cycle resets after each completed payout.

Previous-cycle profits do not count toward the next withdrawal target.

First Withdrawal

The first withdrawal target for the Direct 100K is:

$4,500

For example:

Starting balance: $100,000

First withdrawal target: +$4,500

The account would need to reach:

$104,500

before the trader reaches the first-cycle profit requirement.

The trader must also satisfy the 20% consistency rule.

Once eligible, the maximum withdrawal for the Direct 100K is:

$3,000

The minimum withdrawal is:

$500

Second and Subsequent Withdrawals

After completing the first withdrawal, the profit target for the next cycle decreases to:

$3,000

The trader therefore needs to generate another $3,000 in fresh profit before becoming eligible for the next withdrawal.

For example:

New cycle: +$3,000

Once the trader reaches the required profit and satisfies the consistency rule, another withdrawal can be requested.

The same process applies to subsequent withdrawal cycles.

Alpha Futures Direct 100K Payout Cap

The maximum withdrawal for the Direct 100K is:

$3,000 per request

The minimum withdrawal is:

$500

This means the trader cannot withdraw the entire account profit in one request.

Each withdrawal remains subject to the applicable profit target, consistency requirement, and other Direct account rules.

Alpha Futures Direct 100K Profit Split

The Direct 100K uses a:

90/10 Profit Split

The trader receives:

90% of eligible profits

Alpha Futures retains the remaining 10%.

For example, if an approved withdrawal is:

$3,000

the trader's 90% share would be:

$2,700

The remaining $300 represents the firm's 10% share.

The actual amount received can also depend on the applicable withdrawal and account rules.

Direct 100K Withdrawal Example

Let's say a trader purchases the Direct 100K.

The account begins at:

$100,000

The trader then builds the account to:

$104,500

This represents:

+$4,500 profit

The trader has also kept their largest winning day below the required 20% consistency threshold.

At this point, the trader can become eligible for the first withdrawal.

The maximum withdrawal request is:

$3,000

After the first withdrawal, a new payout cycle begins.

The trader then needs:

$3,000 in fresh profit

for the next withdrawal cycle.

The previous $4,500 profit does not simply carry forward and count toward the next target.

Does Direct 100K Have an Evaluation?

No.

The Alpha Futures Direct 100K is designed as a Direct Qualified Account.

There is no traditional evaluation phase where the trader must hit a 10% or similar profit target before becoming funded.

Instead, the trader pays the Direct account fee and begins trading under the Qualified Account rules.

This is the main reason the Direct program is different from Alpha Futures' evaluation products.

Is There an Activation Fee?

There is no separate evaluation activation stage for the Direct 100K.

The trader purchases the Direct Qualified account and starts trading directly under the program's rules.

The listed one-time price for the Direct 100K is:

$789

Promotional discounts may sometimes reduce the purchase price, so the final checkout price can differ from the standard listed price.

News Trading Rules

The Direct 100K is subject to Alpha Futures' rules concerning major economic events.

This means traders should not assume that every type of news trading is unrestricted.

Major economic releases can have specific restrictions under the Direct program.

Traders should therefore check the current news-event rules before trading around major releases.

Overnight and Weekend Trading

The Direct 100K is a futures trading account, so traders need to follow Alpha Futures' current trading-session requirements when holding positions outside normal market hours.

Overnight and weekend trading rules can depend on the current program requirements and market schedule.

For this reason, traders should verify the latest Direct account rules before holding a position through a market close or weekend.

How Many Direct 100K Accounts Can You Have?

Alpha Futures allows traders to maintain multiple accounts within its account limits.

For the Direct program, the current structure allows traders to have multiple accounts of the same size, subject to the firm's overall account and trading restrictions.

Traders should also be aware that having multiple accounts does not mean that prohibited trade copying or other restricted trading behavior becomes permitted.

Direct 100K Account Rules at a Glance

Account Size: $100,000

Account Type: Direct Qualified

Evaluation: None

One-Time Fee: $789

Maximum Loss Limit: $3,000

Initial MLL Floor: $97,000

MLL Type: EOD trailing

Daily Loss Guard: $1,500

Maximum Position: 8 minis / 80 micros

Scaling Plan: None

Consistency Rule: 20%

Profit Split: 90%

First Withdrawal Target: $4,500

Second+ Withdrawal Target: $3,000

Minimum Withdrawal: $500

Maximum Withdrawal: $3,000

Winning-Day Requirement: None

News Trading: Major-event restrictions apply

Evaluation Reset: Not applicable

Final Thoughts on the Alpha Futures Direct 100K

The Alpha Futures Direct 100K takes a different approach from a traditional futures evaluation.

There is no evaluation to pass and no evaluation profit target to chase. The trader starts directly with a Qualified account and focuses on managing the account within its risk parameters.

The most important numbers to understand are:

$3,000 Maximum Loss Limit

This is the primary hard-breach threshold.

$1,500 Daily Loss Guard

This limits the amount of daily loss before trading is restricted.

$4,500 First Withdrawal Target

This is the profit requirement for the first payout cycle.

$3,000 Subsequent Withdrawal Target

After the first payout, each new cycle requires $3,000 in fresh profit.

20% Consistency Rule

The largest winning day must remain below 20% of the current payout cycle's net profit.

$3,000 Maximum Withdrawal

This is the maximum withdrawal amount per request for the Direct 100K.

90% Profit Split

The trader receives 90% of eligible profits.

The key thing to remember is that the $100,000 account size is the nominal account balance, not the amount the trader can lose. The account's survival is determined primarily by the $3,000 Maximum Loss Limit and the trader's ability to manage risk around that drawdown.

For traders considering the Direct 100K, understanding the MLL, Daily Loss Guard, consistency calculation, and payout cycle is much more important than simply looking at the $100K headline account size.

PFXM Journal

Alpha Futures Direct 100K: Complete Account & Payout Rules