Challenge Comparison Tool

Select up to 3 firms to compare their challenges, rules, and pricing side by side.

Alpha Trader Firm Alpha Trader Firm
Next Level Funded Next Level Funded
Alpha Trader Firm 7.0 Get Started
Next Level Funded 6.9 Get Started
Overview
Asset Type CFD CFD
Country United States Australia
Established Jan 2022 Nov 2024
Technology White-Label White-Label
Platforms Match Trader, MT5, TradeLocker Match Trader, MT5, TradeLocker
Trading Rules
Profit Split Up to 100% (1-Step/2-Step Standard); 90% Bi-Weekly / 70% On-Demand (Instant Funding) Best 100% (Instant Funding & Instant Pro); 50% on Special Account
Daily Drawdown 3% (1-Step & Instant) / 5% (2-Step) 4% on Instant Funding (1-Step & 2-Step); 3% on Instant Pro & Special Account
Payout Frequency Bi-weekly (14-day)
Standard 30-day at 100% split; 7-day weekly add-on at 80%; on-demand at 70%; bi-weekly default for Instant Funding at 90% 		On-Demand
Withdrawals processable instantly on dashboard 14 days after first trade; 7-Day Reward Cycle on standard Instant Funding accounts; One-Time payout on Special Account
Direct Path to Funded ✗ No ✗ No
Reviews & Reputation
Review Count 0 reviews 0 reviews
Avg. Rating No ratings yet No ratings yet
Pros & Cons
Main Benefits
  • Up to $4M total allocation. Multiple challenge models (1-Step, 2-Step, 2-Step PRO, Instant, Instant PRO). Up to 100% profit split (Standard 30-day payout). Refundable fees on 1-Step/2-Step after first payout. No time limit. News trading and overnight holding allowed. FREE 10K Instant Funded Account included with any 100K+ Challenge.
  • Up to 100% profit split; on-demand payouts processable from dashboard; instant funding model with no evaluation phases; unlimited trading days; weekend & news trading permitted; EAs / bots allowed; Top Up feature lets funded traders restore balance after drawdown; Match-Trader / MT5 / TradeLocker support; scaling plan up to $1M; account sizes from $5K up to $200K (instant) and special $10/$25 accounts for beginners
Main Drawbacks
  • Trader Score limit (35% Standard, 20% Instant) restricts large single-day wins. Floating PnL cap (1% Instant, 3% Standard). Trading suspended during 5-day payout review. Simulated demo environment only (per legal disclosure). Instant Funding fees non-refundable.
  • New firm (established Nov 2024 in Australia); not regulated as a broker (operates simulated-trading model under Next Lvl Funded PTY LTD, company no. 685007710); TrustPilot 4.2 across 403 reviews but mixed user reports cite hidden rule disputes (undisclosed minimum hold-time on some accounts) and KYC delays; Special Account caps profit split at 50% and uses one-time payout cycle; trailing drawdown on 1-Step and Instant Pro tracks higher of balance or equity
Offers & Promo Codes
Active Offers No offers
50% off all challenges + 1 FREE $25K Instant Pro Account 1YEAR

Challenge Details

Alpha Trader Firm Challenges

21 challenges
Price Account Size Step Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee
$79 $10K 2 Steps P1: $1,000 (10%)
P2: $500 (5%)
 P1: $500 (5%)
5% Daily Loss Limit
P2: $500 (5%)
5% Daily Loss Limit
P1: $1,000 (10% Max Loss)
P2: $1,000 (10% Max Loss)
 Up to 100% None
$119 $10K 1 Step P1: $800 (8%)
 P1: $300 (3%)
3% Daily Loss Limit
P1: $600 (6% Max Loss)
 Up to 100% None
$149 $10K Instant P1: -
 P1: $300 (3%)
3% Daily Loss Limit + 1% floating PnL cap
P1: $500 (5% Max Loss)
 Bi-weekly 90% / On-demand 70% None
$249 $25K 2 Steps P1: $2,500 (10%)
P2: $1,250 (5%)
 P1: $1,250 (5%)
5% Daily Loss Limit
P2: $1,250 (5%)
5% Daily Loss Limit
P1: $2,500 (10% Max Loss)
P2: $2,500 (10% Max Loss)
 Up to 100% None
$299 $25K 1 Step P1: $2,000 (8%)
 P1: $750 (3%)
3% Daily Loss Limit
P1: $1,500 (6% Max Loss)
 Up to 100% None
$299 $25K Instant P1: -
 P1: $750 (3%)
3% Daily Loss Limit + 1% floating PnL cap
P1: $1,250 (5% Max Loss)
 Bi-weekly 90% / On-demand 70% None
$349 $50K 2 Steps P1: $5,000 (10%)
P2: $2,500 (5%)
 P1: $2,500 (5%)
5% Daily Loss Limit
P2: $2,500 (5%)
5% Daily Loss Limit
P1: $5,000 (10% Max Loss)
P2: $5,000 (10% Max Loss)
 Up to 100% None
$399 $50K 1 Step P1: $4,000 (8%)
 P1: $1,500 (3%)
3% Daily Loss Limit
P1: $3,000 (6% Max Loss)
 Up to 100% None
$449 $50K Instant P1: -
 P1: $1,500 (3%)
3% Daily Loss Limit + 1% floating PnL cap
P1: $2,500 (5% Max Loss)
 Bi-weekly 90% / On-demand 70% None
$700 $100K 2 Steps P1: $10,000 (10%)
P2: $5,000 (5%)
 P1: $5,000 (5%)
5% Daily Loss Limit
P2: $5,000 (5%)
5% Daily Loss Limit
P1: $10,000 (10% Max Loss)
P2: $10,000 (10% Max Loss)
 Up to 100% None
$749 $100K Instant P1: -
 P1: $3,000 (3%)
3% Daily Loss Limit + 1% floating PnL cap
P1: $5,000 (5% Max Loss)
 Bi-weekly 90% / On-demand 70% None
$800 $100K 1 Step P1: $8,000 (8%)
 P1: $3,000 (3%)
3% Daily Loss Limit
P1: $6,000 (6% Max Loss)
 Up to 100% None
$1200 $200K 2 Steps P1: $20,000 (10%)
P2: $10,000 (5%)
 P1: $10,000 (5%)
5% Daily Loss Limit
P2: $10,000 (5%)
5% Daily Loss Limit
P1: $20,000 (10% Max Loss)
P2: $20,000 (10% Max Loss)
 Up to 100% None
$1300 $200K 1 Step P1: $16,000 (8%)
 P1: $6,000 (3%)
3% Daily Loss Limit
P1: $12,000 (6% Max Loss)
 Up to 100% None
$1700 $200K Instant P1: -
 P1: $6,000 (3%)
3% Daily Loss Limit + 1% floating PnL cap
P1: $10,000 (5% Max Loss)
 Bi-weekly 90% / On-demand 70% None
$1900 $300K 2 Steps P1: $30,000 (10%)
P2: $15,000 (5%)
 P1: $15,000 (5%)
5% Daily Loss Limit
P2: $15,000 (5%)
5% Daily Loss Limit
P1: $30,000 (10% Max Loss)
P2: $30,000 (10% Max Loss)
 Up to 100% None
$2100 $300K 1 Step P1: $24,000 (8%)
 P1: $9,000 (3%)
3% Daily Loss Limit
P1: $18,000 (6% Max Loss)
 Up to 100% None
$2400 $300K Instant P1: -
 P1: $9,000 (3%)
3% Daily Loss Limit + 1% floating PnL cap
P1: $15,000 (5% Max Loss)
 Bi-weekly 90% / On-demand 70% None
$2400 $400K 2 Steps P1: $40,000 (10%)
P2: $20,000 (5%)
 P1: $20,000 (5%)
5% Daily Loss Limit
P2: $20,000 (5%)
5% Daily Loss Limit
P1: $40,000 (10% Max Loss)
P2: $40,000 (10% Max Loss)
 Up to 100% None
$2600 $400K 1 Step P1: $32,000 (8%)
 P1: $12,000 (3%)
3% Daily Loss Limit
P1: $24,000 (6% Max Loss)
 Up to 100% None
$3600 $400K Instant P1: -
 P1: $12,000 (3%)
3% Daily Loss Limit + 1% floating PnL cap
P1: $20,000 (5% Max Loss)
 Bi-weekly 90% / On-demand 70% None

Next Level Funded Challenges

20 challenges
Price Account Size Step Profit Target Max Daily Loss Max Drawdown Profit Split Activation Fee
$10 $10K Instant P1: $250 (2.5%)
 P1: $300 (3%)
P1: $500 (5% Trailing)
 50% None
$25 $25K Instant P1: $625 (2.5%)
 P1: $750 (3%)
P1: $1250 (5% Trailing)
 50% None
$54 $27 $5K 2 Steps P1: $400 (8%)
P2: $300 (6%)
 P1: $200 (4%)
P2: $200 (4%)
P1: $400 (8% Static)
P2: $400 (8% Static)
 100% None
$59 $29 $5K 1 Step P1: $550 (11%)
 P1: $200 (4%)
P1: $350 (7% Trailing)
 100% None
$59 $29 $5K Instant P1: None (Instant Funded)
 P1: $150 (3%)
P1: $300 (6% Trailing)
 100% None
$84 $42 $10K 2 Steps P1: $800 (8%)
P2: $600 (6%)
 P1: $400 (4%)
P2: $400 (4%)
P1: $800 (8% Static)
P2: $800 (8% Static)
 100% None
$99 $49 $10K 1 Step P1: $1,100 (11%)
 P1: $400 (4%)
P1: $700 (7% Trailing)
 100% None
$99 $49 $10K Instant P1: None (Instant Funded)
 P1: $300 (3%)
P1: $600 (6% Trailing)
 100% None
$209 $104 $25K 2 Steps P1: $2,000 (8%)
P2: $1,500 (6%)
 P1: $1,000 (4%)
P2: $1,000 (4%)
P1: $2,000 (8% Static)
P2: $2,000 (8% Static)
 100% None
$229 $114 $25K 1 Step P1: $2,750 (11%)
 P1: $1,000 (4%)
P1: $1,750 (7% Trailing)
 100% None
$239 $119 $25K Instant P1: None (Instant Funded)
 P1: $750 (3%)
P1: $1500 (6% Trailing)
 100% None
$309 $154 $50K 2 Steps P1: $4,000 (8%)
P2: $3,000 (6%)
 P1: $2,000 (4%)
P2: $2,000 (4%)
P1: $4,000 (8% Static)
P2: $4,000 (8% Static)
 100% None
$349 $169 $50K 1 Step P1: $5,500 (11%)
 P1: $2,000 (4%)
P1: $3,500 (7% Trailing)
 100% None
$459 $229 $50K Instant P1: None (Instant Funded)
 P1: $1,500 (3%)
P1: $3,000 (6% Trailing)
 100% None
$559 $279 $100K 2 Steps P1: $8,000 (8%)
P2: $6,000 (6%)
 P1: $4,000 (4%)
P2: $4,000 (4%)
P1: $8,000 (8% Static)
P2: $8,000 (8% Static)
 100% None
$599 $299 $100K 1 Step P1: $11,000 (11%)
 P1: $4,000 (4%)
P1: $7,000 (7% Trailing)
 100% None
$739 $369 $100K Instant P1: None (Instant Funded)
 P1: $3,000 (3%)
P1: $6,000 (6% Trailing)
 100% None
$979 $489 $200K 2 Steps P1: $16,000 (8%)
P2: $12,000 (6%)
 P1: $8,000 (4%)
P2: $8,000 (4%)
P1: $16,000 (8% Static)
P2: $16,000 (8% Static)
 100% None
$1039 $519 $200K 1 Step P1: $22,000 (11%)
 P1: $8,000 (4%)
P1: $14,000 (7% Trailing)
 100% None
$1199 $599 $200K Instant P1: None (Instant Funded)
 P1: $6,000 (3%)
P1: $12,000 (6% Trailing)
 100% None
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