Alpha Futures and PaidPex are two proprietary trading firms catering to traders looking for capital and flexibility in their trading journeys. While Alpha Futures focuses exclusively on futures trading, PaidPex offers a broader range of instruments and unique features. Below is a detailed comparison of their structures, rules, and benefits to help traders determine the best fit.
1. Company Overview
Alpha Futures, established in 2024 in London, specializes in futures trading. With its proprietary platform, AlphaTicks, and straightforward evaluation process, it aims to attract traders focused on futures markets. The firm is led by Ben Chaffee, who also manages Alpha Capital Group.
PaidPex, also founded in 2024, is based in London, UK. It offers a diverse trading environment, including forex, CFDs, stocks, and cryptocurrencies. Combining traditional prop trading methods with advanced technological tools, PaidPex focuses on providing traders with innovation-driven solutions for long-term success.
2. Evaluation Process
Alpha Futures uses a one-step evaluation process with a profit target of 6%. The firm allows unlimited time to complete the evaluation, but traders must adhere to a 50% consistency rule, meaning half of their profits must come from steady trading activity. There are no minimum trading days, and traders are free to proceed at their own pace. Drawdown limits are capped at 4%, and there are no daily drawdown restrictions.
PaidPex offers multiple evaluation options, including single-phase challenges and instant funding opportunities for experienced traders. Its profit targets are structured to be attainable, with flexible drawdown limits that adapt to different trading strategies. Traders have access to various account sizes without restrictive rules, making the evaluation process adaptable to diverse trading styles.
3. Trading Instruments
Alpha Futures focuses solely on futures markets, offering equity, forex, commodities, metals, energy, and interest rate futures. This specialization is ideal for traders dedicated to futures trading.
PaidPex provides access to forex, indices, commodities, stocks, and cryptocurrencies, catering to a broader audience. Its range of instruments supports traders looking for diverse market opportunities.
4. Trading Platforms
Alpha Futures operates exclusively on its proprietary platform, AlphaTicks. This platform integrates TradingView for advanced charting and technical analysis, with features such as customizable indicators and a user-friendly interface. However, AlphaTicks does not support popular platforms like MetaTrader or NinjaTrader, which may be limiting for traders accustomed to these tools.
PaidPex has developed its own proprietary platform with advanced analytics, AI-driven tools, and a modern interface. Designed to meet the needs of contemporary traders, it focuses on delivering efficiency and comprehensive insights without restricting innovation.
5. Profit Sharing and Payouts
Alpha Futures offers traders up to 90% of their profits once funded. Payouts are processed bi-weekly, and there is a clear structure for withdrawing earnings once specific profit thresholds are met.
PaidPex also provides up to 90% profit sharing, with the added benefit of rapid payout processing times, often completed within 18 hours. This swift processing supports traders needing quicker access to their earnings.
6. Evaluation Fees and Account Sizes
Alpha Futures uses a subscription-based fee model with monthly charges ranging from $79 to $239, depending on the account size ($50,000 to $150,000). This recurring fee model can become costly for traders who need extended evaluation periods.
PaidPex operates on a one-time fee structure, offering account sizes from $10,000 to $500,000. This approach is designed to minimize ongoing costs for traders while providing flexibility in account options.
7. Scaling Opportunities
Alpha Futures has limited scaling options, with account growth capped at $150,000. Details about further growth opportunities are not specified.
PaidPex provides a structured scaling plan that enables traders to grow their accounts up to $3,000,000. This structured approach supports traders seeking to expand their trading operations over time.
8. Red Flags and Concerns
Alpha Futures is a newly established firm with a limited track record, raising questions about its long-term reliability. The mandatory use of AlphaTicks may also deter traders familiar with other platforms. Additionally, the monthly subscription fees can add up, especially for those needing more time to complete the evaluation process.
PaidPex, while also new, has quickly differentiated itself with transparent processes and modern technology. Its flexibility and focus on rapid payouts address common trader concerns.
Conclusion
Alpha Futures and PaidPex cater to different trading audiences. Alpha Futures is an excellent choice for traders focused exclusively on futures markets, with a straightforward evaluation process and dedicated tools for futures trading. On the other hand, PaidPex stands out for its broader range of instruments, faster payouts, and advanced trading platform. Its innovative approach and diverse offerings make it an appealing option for traders seeking flexibility and scalability.
Both firms have their strengths, and the choice ultimately depends on individual trading preferences and goals. For traders looking for a firm that integrates cutting-edge technology with a trader-friendly environment, PaidPex offers compelling advantages. Alpha Futures, meanwhile, provides a niche option for futures specialists who value simplicity and structure.