# Alpha Futures vs Next Level Funded

> Alpha Futures and Next Level Funded compared on cost, risk rules, payouts and platforms. Across 6 directly comparable measures, Alpha Futures leads on 0 and Next Level Funded on 2.

**Source:** https://propfirmpal.com/compare/alpha-futures-vs-next-level-funded  
**Generated:** 2026-09-25  
**Publisher:** Prop Firm Pal — independent prop firm comparison

_Prop Firm Pal earns affiliate commission from some listed firms. This is disclosed on-site and does not affect the computed ranking order._

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## Side by side

| Measure | Alpha Futures | Next Level Funded |
| --- | --- | --- |
| Evaluation cost to a $100,000 account | $239 | Not published |
| Cheapest evaluation cost per $1,000 funded | $2.33 | Not published |
| Cheapest evaluation entry price | $89 | Not published |
| Instant funding to $100,000 | $689 | $97 |
| Evaluation types offered | 1-step, instant | 1-step, 2-step, instant |
| Maximum advertised profit split | 90% | 90% |
| Phase 1 profit target | 6% | 6% |
| Account sizes sold | $25,000, $50,000, $100,000, $150,000 | $10,000, $50,000, $100,000, $200,000, $400,000 +1 more |
| Daily drawdown limit | 2% | 2% |
| Maximum drawdown limit | 3.5% | 4% |
| Maximum drawdown style | Not published | Trailing |
| Drawdown measured on | Not published | Not published |
| Payout frequency | Up to 4 times a month on Zero, Standard and Advanced accounts, after every 5 winning days of $200 or more; on Direct accounts, whenever the withdrawal profit target and 20% consistency rule are met | Bi-weekly by default on funded accounts, on demand with a paid add-on once 2.5% profit is reached; on demand on Instant Funding Flex; every 10 days by default on Instant Crown |
| Payout methods | ACH (US bank accounts), Wire transfer, SWIFT, Wise +1 more | Bank transfer (via Rise), Crypto (Bitcoin, Ethereum, USDT, USDC) |
| Payment methods accepted | Not published | Credit card, Crypto |
| Trading platforms | AlphaTrader, TradingView, WealthCharts, Deepchart +1 more | MatchTrader, MT5, Trade Locker |
| Instruments | CME futures, CBOT futures, NYMEX futures, COMEX futures +1 more | Not published |
| Maximum forex leverage | Not published | Not published |
| Community rating | No reviews yet | No reviews yet |
| Founded | Not published | 2024 |
| Company location | United Kingdom | Australia |
| Prop Firm Pal verification | Sourced, not verified | Sourced, not verified |

## Frequently asked questions

### Which has the better profit split, Alpha Futures or Next Level Funded?

Both advertise a maximum profit split of 90%. The top split is usually gated behind a scaling plan or a paid add-on at either firm, so check what the split is on a first account.

### What is the difference in drawdown rules between Alpha Futures and Next Level Funded?

Daily drawdown is 2% at Alpha Futures and 2% at Next Level Funded. Maximum drawdown is 3.5% and 4% respectively. Alpha Futures uses a not published maximum drawdown while Next Level Funded uses a trailing one — a trailing limit follows your peak balance and is materially harder to trade around than a static one fixed to your starting balance.

### What platforms do Alpha Futures and Next Level Funded support?

Alpha Futures supports AlphaTrader, TradingView, WealthCharts, Deepchart, Quantower. Next Level Funded supports MatchTrader, MT5, Trade Locker.

### Should I choose Alpha Futures or Next Level Funded?

On the 6 directly comparable measures on this page, Alpha Futures leads on 0 and Next Level Funded on 2, with 4 tied. Which of those measures matters depends on how you trade: cost matters most if you expect to need several attempts, drawdown style matters most if you hold positions overnight, and payout terms matter most once you are funded. Prop Firm Pal does not recommend one firm over another, and earns affiliate commission from some listed firms.

## Related pages

- [Alpha Futures](https://propfirmpal.com/firms/unverified/alpha-futures)
- [Next Level Funded](https://propfirmpal.com/firms/unverified/next-level-funded)
- [Every prop firm comparison](https://propfirmpal.com/compare)