Alpha Futures Is Closing Its Premium Accounts — What Traders Need to Know

Alpha Futures, a UK-registered futures prop firm founded in 2024, has announced that it is closing its Premium account line and issuing refunds to those account holders — rather than paying out the pending performance fees traders had earned on them. For a prop firm, that is the one promise that matters most, and breaking it is a serious problem.

We are flagging this prominently, pulling the affected plans, and we recommend traders do not purchase an Alpha Futures evaluation until the situation is resolved and the firm demonstrates it will honor earned payouts.

What happened

According to Alpha's own announcement, the firm is discontinuing its Premium plan family and refunding the fees paid on those accounts instead of settling the payouts owed on them. A refund of your entry fee is not the same as being paid what you earned. Traders who passed an evaluation and were mid-cycle on a funded Premium account expected performance fees, not a fee reversal.

The reaction across the retail-futures community — including r/PropFirmTester — has been sharp, with traders describing it as a rug pull. We are not going to characterize intent; the firm's Trustpilot page still shows a 4.9 rating across roughly 4,700 reviews, and Alpha had built a reputation for fast, transparent payouts before this. But an action that swaps earned payouts for fee refunds is a payout-integrity failure, and payout integrity is the entire reason a comparison site like this one exists.

What we've changed on PropFirm Deck

• A prominent advisory banner now sits at the top of the Alpha Futures firm page recommending against the firm.
• The six Premium plans (50K, 100K, and 150K Premium, plus each No-Activation-Fee variant) have been removed from our listings — you should not be buying a plan the firm is discontinuing.
• Alpha Futures has been pulled from our rankings, including the best-futures and cheapest-50K lists, so we are not steering anyone toward it.

If you have an affected account

• Follow Alpha's stated refund and migration process, but document everything — screenshots of your account balance, earned performance fees, payout requests, and every piece of correspondence.
• If you were owed a payout, make your claim in writing and keep records. A fee refund does not automatically settle a payout you had already earned.
• Watch the firm's official channels for how the remaining Zero and Advanced plans are treated.

The broader lesson

This is exactly the risk profile that makes payout track record — not headline price — the thing to weigh first when choosing a prop firm. A cheap evaluation is worthless if the funded payout never arrives. We rank firms on payout speed and reliability for this reason, and we will update Alpha's status here the moment the situation changes.

We only publish what we can verify. This post reflects Alpha Futures' own announcement and the publicly observable community response as of publication. If you have direct documentation of how your account was handled, we want to hear it.