The Alpha Direct account removes the evaluation phase, but it does not remove risk controls. It is an instant-qualified simulated account with trailing drawdown, per-asset risk limits and specific conditions that must be met before a performance-fee request is eligible.
What Alpha Direct is
Alpha Direct is purchased without a Phase 1 or Phase 2 profit target. The account begins at the Qualified Analyst stage, although the displayed balance remains simulated and is not a transfer of trading capital to the account holder.
The absence of an evaluation changes the route into the program, not the standard of compliance. Drawdown, maximum risk, lot exposure, news, weekend, identity-verification and payout rules apply from the start.
| Rule area | Alpha Direct condition | Practical effect |
|---|---|---|
| Evaluation target | None | The account is qualified from purchase |
| Maximum drawdown | 5% trailing by high-water mark | The loss floor can rise with new balance highs |
| Maximum daily drawdown | 3% | Measured over the higher end-of-day balance or equity |
| Maximum risk | 1% open drawdown per asset | Reaching the threshold can close the account |
| First payout buffer | 3% retained, plus at least 1% gross profit above it | Only profit above the retained buffer is requestable |
| Best Day Rule | 15% | The best day cannot exceed 15% of total generated profit |
| Profit split | 90% | Applied to an eligible performance-fee amount |
How the 5% trailing drawdown moves
The maximum drawdown is calculated from the highest balance reached. On a $100,000 simulated account, the initial floor is $95,000; if the high-water mark becomes $102,000, the floor moves to $97,000.
The movement stops once the threshold reaches the original starting balance. If the account reaches a $105,000 high-water mark, the 5% distance places the floor at $100,000, where it then remains.
This mechanism makes unrealised room and withdrawable profit different concepts. A trader should track the current floor before requesting all available profit because reducing the balance does not move a trailing threshold back down.
Daily drawdown and the per-asset Max Risk Rule
The published maximum daily drawdown is 3%, calculated over the higher of end-of-day balance or equity. This daily boundary operates alongside the 5% trailing maximum loss rather than replacing it.
Alpha Direct also applies a 1% maximum open drawdown per asset. Multiple positions in the same instrument are combined for this calculation, so splitting one idea into several tickets does not create separate risk allowances.
A ten-minute cool-down rule connects losses when the same asset is reopened in the same direction shortly after closing. If a 0.5% loss is followed within ten minutes by another 0.5% loss in the same asset and direction, the combined 1% can trigger a breach.
Profit buffer and first payout eligibility
Before the first on-demand performance-fee request, the account must build a 3% profit buffer that stays in the account. It must then generate at least another 1% of gross profit above the buffer.
On a $100,000 starting balance, this framework means establishing $3,000 as the retained buffer and at least $1,000 more before a request is considered. The gross figures do not mean the entire $4,000 is withdrawable, because the buffer remains on the account.
The published 90% split applies to the eligible requested performance fee. It is not a guarantee that a request will be approved; open trades must be closed, KYC must be completed and the trading record remains subject to review.
The 15% Best Day Rule
No single trading day may represent more than 15% of total generated profits in the relevant payout window. The consistency score is calculated by dividing net profit from the best day by total net profit.
With $4,000 total profit, the best day must be $600 or less to sit at 15%. If the best day is larger, eligibility requires additional total profit rather than deleting or redistributing that day’s result.
The arithmetic is useful for planning: multiply the best-day profit by approximately 6.67 to estimate the total profit needed for a 15% score. The dashboard and current terms remain authoritative if adjustments or rule breaches change the payout window.
Trading restrictions that remain active
Expert Advisors are disabled on Alpha Direct. Weekend holding is not permitted, and positions affected by covered high-impact news cannot be opened or closed inside the five-minute window on either side of the release.
- Lot-exposure limits depend on the simulated account size.
- All positions must be closed before a payout request is submitted.
- Alpha Direct accounts cannot be merged or included in the scaling plan.
The news restriction includes market orders, pending-order execution, stop-loss fills and take-profit fills on targeted instruments. Profits from prohibited execution may become ineligible even when the broader account remains open.
KYC and operational sequence
Because there is no evaluation, initial identity verification takes place when the trader first becomes eligible for a payout. A request cannot proceed until verification is completed under the firm’s process.
The practical sequence is therefore purchase, compliant simulated trading, creation of the required buffer and additional profit, satisfaction of the Best Day Rule, KYC, and then a dashboard request. Processing and review occur after the request rather than at the time of purchase.
Compare this structure with the account-types comparison, the news-trading rules and the existing withdrawal page.
Conclusion
Alpha Direct shortens entry by removing evaluation phases, yet it concentrates several controls in the qualified stage. The trailing floor, per-asset 1% risk ceiling, retained buffer and 15% consistency threshold should be modelled together before the account is selected.
Frequently Asked Questions
Does Alpha Direct have a profit target?
There is no evaluation profit target because the account begins at the Qualified Analyst stage. Payout eligibility still requires profit and compliance conditions.
Is the Alpha Direct drawdown static?
No. The 5% maximum drawdown trails the account’s high-water mark until the floor reaches the original balance.
Can Expert Advisors be used on Alpha Direct?
No. The published Alpha Direct conditions state that Expert Advisors are disabled.
Can Alpha Direct positions be held over the weekend?
No. Weekend holding is not permitted under the published Alpha Direct conditions.
Can an Alpha Direct account be scaled or merged?
No. Alpha Direct accounts are excluded from account merging and the scaling plan.