Warning-only, with the evidence behind each one. Not a score — the reason, dated and sourced. Silence is a good sign.
Premium payouts confiscated; Premium Plan closed; platform termination (Jul 2026).
Under backlash, Alpha announces 'approved for pay' Premium payouts will be honored in batches (first 10% paid July 15); same-day Zero/Advanced payouts resume July 16. Traders not in 'approved' status still get refunds only.
SourcePropFirmMatch delists it 'effective immediately'; PropFirmTrend (citing members with $23k+ in voided payouts) and PickAPropFirm follow within ~24h as trader complaints go viral.
SourceNinjaTrader and Tradovate access terminates July 12 with a 90-day new-account ban; the Premium Plan is closed and the announcement states 'All active Premium Accounts will be refunded and closed. This includes all pending and unpaid payouts.'
SourceNinjaTrader issues the notice citing a balance '>3 months past due' and 'clear breach of the Evaluation Services Agreement'; Alpha blames its competing AlphaTrader platform. Termination confirmed; cause disputed.
SourcePremium Plan withdrawals get capped at $6,000 (tiered) and Advanced at $15,000, bundled with a '5 live accounts' expansion — a classic liability-containment move three weeks before the collapse.
SourceIts own CFD operation runs normally (active payouts ~$2.15M/30 days, Trustpilot 4.5, no closures). On watch as a precaution: its sister brand Alpha Futures collapsed in July 2026 (payouts confiscated, platform termination) and both share the ACG Markets broker. No confirmed impact on Alpha Capital.
No changes logged for this signal yet.
Something to watch; no confirmed impact on payouts or operations.
Verified material risk. Excluded from cost rankings.
Serious ongoing issue (e.g. payouts). Excluded from cost rankings.