Everything you need to know about passing the AlphaFunded challenge. Pay $25 in crypto, trade with $10000 virtual balance, and follow these rules to get funded.
Prove your consistency with a 10% profit target while respecting drawdown limits.
Confirm your skills with a lower 5% profit target under the same risk rules.
When your profit reaches the Phase 1 target, you automatically advance to Phase 2 with a fresh balance and new profit target.
When your profit reaches the Phase 2 target, you achieve Funded Trader status. Congratulations!
If your account balance drops below the daily drawdown limit (calculated from your balance at the start of each UTC day), your challenge fails immediately and all open positions are closed.
If your account balance drops below the max drawdown limit (calculated from your peak balance), your challenge fails immediately and all open positions are closed.
Your daily drawdown is calculated from your balance at the start of each UTC day (midnight UTC).
Resets every day at midnight UTC on your first trade.
Your max drawdown is calculated from your peak (highest) balance during the challenge.
This limit moves up as your account grows, but never down.