Alpha Futures vs Phoenix Trader Funding

Side-by-side rules, fees and payout terms. Rows with differences are highlighted; anything we could not verify is marked as such.

Side-by-side comparison of Alpha Futures, Phoenix Trader Funding
Rule	Alpha Futures Get deal · copy code	Phoenix Trader Funding Get deal · copy code
Drawdown modelⓘ	Trailing end-of-day	Trailing end-of-day
Profit splitⓘ	90/10	90/10
Payoutsⓘ	Up to 4 requests per month after 5 winning days of at least $200;	Weekly
Consistency ruleⓘ	50% best-day cap	50% best-day cap
Daily loss limitⓘ	Unverified	None
News tradingⓘ	Unverified	Allowed
Weekend holdingⓘ	Unverified	Not allowed
Min. trading daysⓘ	2 days	2 days
Activation / PA feeⓘ	None	None
Data feed feeⓘ	Unverified	Unverified
Reset feeⓘ	Varies / unverified	Varies / unverified
Payout bufferⓘ	MLL stays intact after withdrawal	Locked buffer $1,500 / $2,000 / $3,000
Contract scalingⓘ	Fixed max position per size	Max contracts 1
Platforms	AlphaTrader, TradingView (Plus500), WealthCharts, Quantower, DeepChart	Odin (own platform), TFeed (connects to Tradovate, Rithmic, NinjaTrader and more), Thor trade copier
Entry price	from $64.50 / month	from $62.30 / month
Promo code	ALPHA50 (50% off)	FALL30 (30% off)
Last verified	2026-10-07	2026-10-07

Highlighted rows differ between firms. Green = trader-friendly, red = restrictive, “Unverified” = we could not confirm it from the firm’s public rules.

True cost to first payout

Alpha Futures

100K Standard Evaluation — true cost to first payout

Assumes you pass without resets and reach your first payout in about 2 months.

Evaluation fee × 2 mo · 119.5/mo subscription, with code ALPHA50 (list 239): $239
Activation / PA fee · none: $0
Data feed: Unverified
Total (known costs only): $239

Not included — unverified: data feed fee.

Reset fee: unverified / varies by size. Payout buffer: MLL stays intact after withdrawal (no buffer reset); payout cap per cycle Standard $3,000/$4,000/$5,000 for 50K/100K/150K; Advanced up to $15,000.

Phoenix Trader Funding

Growth V3 (Classic) 50K — true cost to first payout

Assumes you pass without resets and reach your first payout in about 2 months.

Evaluation fee × 2 mo · 89.6/mo subscription, with code FALL30 (list 128): $179.20
Activation / PA fee · none: $0
Data feed: Unverified
Total (known costs only): $179.20

Not included — unverified: data feed fee.

Reset fee: unverified / varies by size. Payout buffer: Locked buffer $1,500 / $2,000 / $3,000 (25K / 50K / 100K); minimum payout $75; max payout per request $600 / $1,000 / $2,000; account moves to EdgeClear live funding after 4 payouts.

FAQ

Does Alpha Futures have a trailing drawdown?

Alpha Futures uses a trailing drawdown that updates at end of day (EOD) on its main program.

Does Alpha Futures have a consistency rule?

Yes — 50% best-day cap. Standard eval 50%;

Is news trading allowed at Alpha Futures?

This depends on program and phase; we could not verify a single answer.

Does Phoenix Trader Funding have a trailing drawdown?

Phoenix Trader Funding uses a trailing drawdown that updates at end of day (EOD) on its main program.

Does Phoenix Trader Funding have a consistency rule?

Yes — 50% best-day cap. Classic: best day may not exceed 50% of total profit in the challenge only;

Is news trading allowed at Phoenix Trader Funding?

Yes, with possible restrictions on funded accounts. Check Phoenix Trader Funding’s current rules.