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- 👀 Alpha Futures refunds accounts, cancels pending payouts
👀 Alpha Futures refunds accounts, cancels pending payouts
Plus: Inflation week, Nasdaq valuations, and why bull markets last longer
Kieran Gohil
July 13, 2026
Hi everyone, another week is upon us and the markets are open, so lets get straight into it.
Alpha Futures has announced it is shutting down its Premium Plan, automatically refunding all active Premium accounts and cancelling any pending or unpaid payouts associated with those accounts. The firm said the decision followed the termination of its Tradovate/NinjaTrader contract and confirmed the Premium Plan had paid out more than $25 million in just two months while operating at what it described as a significant loss.
Here's Alpha's full statement:
Please read below for some very important announcements:
Firstly, Alpha and NinjaTrader (Tradovate) are parting ways. Since the launch of AlphaTrader, our partnership with NinjaTrader has been difficult due to the view that we now own and operate a competing platform, throughout discussions over the past 3 months we have not been able to come to an adequate agreement regarding
1) signing our platform AlphaTrader onto the NinjaTrader back end
2) their concerns that we would promote both platforms fairly and equally.
They have ultimately decided to terminate our contract effective 12th July, this further results in us not being able to issue new accounts on the ninja trader platform from the 12th (today)
This termination was ninjas decision, whilst this was not the outcome we wanted, we also respect their decision in putting their business and platform interests first as we have also done.
Next, the Premium Plan: we launched a plan that was a requested style as popular among the industry- we paid out more than $25m on this plan alone over the last two months, and at a significant loss.
As you have all seen, we were making tweaks to try to continue to offer this plan sustainably, however paired with this termination of our contract with ninja trader and the fact that the majority of premium plan accounts are on the Tradeovate platform, it is simply not possible to continue to run a plan that was already at a loss without this popular platform choice.
This would have only accelerated this plans losses over the coming weeks and months.
As a result, All active Premium Accounts will be refunded and closed. This includes all pending/unpaid payouts on the premium plan beyond the $25m + paid already on this plan.
All we can do is deeply apologise and refund users that have an active account on the premium plan.
We made a mistake launching a plan we thought would be great, and unfortunately it was not.
We are going back to our roots that made us a successful and leading futures firms for 2 years.
We are the first firm to ever payout $100m + in CFDs and $100m in Futures, we did not want it to come to this, but it is truthfully the best path forward to make sure we payout another $100m to our traders.
All other plans and accounts remain unaffected - service will resume as normal but with a change in platform.
All existing Zero, Advanced, and Direct Accounts on Ninja Trader /Tradovate will be transferred to AlphaTrader this week.
We will be getting back to same day payouts, our typical 5 star services, continuing to invest in our own ecosystem and support our healthy partnerships with other third party platforms.
We had every intention to continue the partnership with NinjaTrader as a typically offered 3rd party platform, but we respect their decision and wish them the best in future endeavors.
We will follow up with several updates throughout the week confirming successful completion of migrated accounts which we will aim to do fast in the coming days along with refunding active accounts on the premium plan (no need to create a ticket and request a refund, this will be automatic)
Source:
Trader reactions:
Firm reactions:
📢 Firm Announcements
• Tradeify introduced customisable payout schedules for Select accounts, allowing traders to choose between daily payouts or payouts every five trading days, while retaining no funded consistency rule and end of day drawdown.
• FundedNext launched two new Futures challenge models, Rapid Daily and Rapid Pro, featuring one day passes, up to 90% reward share, launch discounts, and optional daily loss limit add ons. The firm also increased maximum Futures allocations to $750,000 and extended inactivity limits to 30 days.
• FundingPips unveiled major upgrades to its PRIME program, including multiple daily rewards, protected allocations after PRIME breaches, scaling up to $2 million, and additional payment methods for Nigerian traders.
• Finotive Funding officially launched Finotive Markets as a standalone broker within the Finotive One ecosystem, allowing Funding users to claim broker access directly from their dashboard while offering deposit bonuses for new users.
• E8 Markets officially launched E8 Zero, a new challenge model removing consistency rules, daily and trailing drawdown, minimum trading days, daily profit caps, activation fees, and Path to Live requirements.
See all announcements → x.com/promojunction
Set alerts for your favourite firms → promojunction.io.
From Payout Junction, here are the firms who paid out the most over the last 7 days 🏆️.
🔥 Monitor prop firm payouts LIVE on Payout Junction - https://payoutjunction.com.
🕜 Red Folder News
Here are this week’s red folder news events.
US CPI inflation is released tomorrow, followed by Fed Chair nominee Kevin Warsh's testimony to Congress on Wednesday. Those are the two major events to watch this week.
📈 Markets
Fear and Greed back to neutral
A pretty flat and choppy week for the equity markets. Events in Iran of course not helping. Futures all red this morning. No conviction for a sustained rally yet. We wait.
Current S&P500 valuation
Neutral sentiment is a good time to check in with current equity index valuations.
The Broad market S&P 500 index continues to trade at a 23x forward multiple, which is quite reasonable.
Nasdaq100 valuation
The Nasdaq100 (100 biggest tech stocks) is interestingly also currently trading at ~23x P/E, which is broadly in line with its 10 year average multiple (chart below) and towards the lower end of its 3-4 year range.
Bear markets pale in comparison to bull markets
Here's a great chart comparing the magnitude of bull and bear markets. Bear markets tend to be sharp and violent, while bull markets generally build over much longer periods. It's a good reminder that, over the long run, maintaining a structural long bias in equity markets has historically been a winning approach.
OK you’re all caught up. Have a good week!
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