Alpha Futures and Trade Day are both popular futures prop trading firms. But how do they actually compare? This guide breaks down the key differences to help you decide which one fits your trading style and budget.
Cost Comparison
Alpha Futures starts at $79 (monthly fee). Trade Day starts at $87 (monthly fee). Alpha Futures is the cheaper option to get started.
Drawdown Rules
Alpha Futures uses EOD trailing drawdown with a 4% maximum. Trade Day uses intraday trailing drawdown. These are fundamentally different approaches — EOD trailing moves with your equity while intraday trailing stays fixed. Learn more about drawdown types.
Profit Split
Alpha Futures offers up to 90% profit split. Trade Day offers up to 95% profit split. Trade Day gives you 5% more of your profits.
Trading Rules
Alpha Futures: news trading allowed, no overnight holds, no automation. Trade Day: news trading restricted, overnight holds allowed, no automation. These rules matter depending on your trading style. Check out our trading styles guide to see which firm fits best.
Speed to Funded
Minimum trading days vary by tier. See the firm detail pages for specifics.
The Verdict
Both firms have their strengths. Alpha Futures wins on lower starting cost. Trade Day wins on better profit split. The best choice depends on your trading style and priorities.
Compare Side by Side
Want to see every rule and metric compared in detail? Use the full comparison tool to see Alpha Futures vs Trade Day head to head.