Alpine Funded provides two primary funding options for traders: the Base Camp Instant Funding and the Peak Challenge. Each of these options is designed to cater to different types of traders based on their experience levels, trading goals, and risk tolerance. Below is a detailed comparison of both offerings to help you decide which one suits you best.
Base Camp Instant Funding
Overview: The Base Camp Instant Funding is designed for traders who want immediate access to funded accounts without going through a lengthy evaluation process. This option is ideal for those who are eager to start trading and demonstrating their skills right away.
Key Features:
- Instant Access: No initial challenge phase; you receive a funded account immediately.
- Profit Sharing: Starts at 50% for the first withdrawal, increases to 70% on the second, and reaches up to 80% from the third withdrawal onwards.
- No Profit Targets: Traders are not required to hit specific profit targets, allowing for flexible and strategic growth.
- Unlimited Trading Days: There are no restrictions on the number of trading days, providing ample time to develop and execute trading strategies.
- Scaling Opportunities: After achieving over 13% profit in at least four months, traders can upgrade to a Peak Funded Account with better conditions. This upgrade pathway offers traders enhanced trading conditions and greater potential for growth.
- Community Support: Access to Alpine Funded’s Discord community for support, insights, and updates.
Rules:
- Daily and Total Loss Limits: 4% daily loss and 8% total loss based on trailing equity.
- Consistency: Traders must adhere to a consistency rule to prevent gambling tendencies.
- Minimum Trading Days: At least 5 trading days are required
Peak Challenge
Overview: The Peak Challenge is tailored for more experienced traders who are ready to showcase their advanced trading skills through a structured evaluation process. It offers higher rewards and scalability for those who can meet its rigorous standards.
Key Features:
- Two-Phase Challenge: A multi-phase evaluation designed to test traders’ skills and commitment.
- Profit Sharing: Up to 90% profit share for successful traders.
- Refundable Fee: The challenge fee is refundable upon successful completion of the phases.
- Time Limits: Minimum of 5 days required across both phases to ensure consistent trading activity.
- Weekend Trading: Allows positions to be held open over the weekend during all phases.
- Account Scaling: Possibility to scale accounts up to $2 million with increased capital based on performance.
Rules:
- Phase Structure: Requires traders to demonstrate their skills in a structured, multi-phase challenge.
- Drawdown Limits: Specific daily and total drawdown limits must be adhered to during the challenge.
- Trading Strategies: Flexible rules, including the allowance of news trading and holding positions over the weekend.
Which Option is Better for You?
Base Camp Instant Funding is best suited for:
- New Traders: Those who are new to prop trading and want to quickly start trading without the pressure of meeting specific profit targets.
- Flexible Strategists: Traders who prefer flexibility in their trading strategies and timelines.
- Immediate Action: Individuals looking to gain immediate access to a funded account and start trading right away.
Peak Challenge is ideal for:
- Experienced Traders: Those with significant trading experience and the ability to perform well under structured evaluation conditions.
- High Achievers: Traders aiming for higher profit shares and the potential to manage larger accounts.
- Long-Term Growth: Individuals willing to invest time in a rigorous evaluation process for the opportunity to scale their accounts significantly.
By understanding the distinct features and benefits of both the Base Camp Instant Funding and the Peak Challenge, you can select the option that aligns with your trading experience, goals, and risk tolerance. Alpine Funded’s tailored challenges ensure that traders at all levels have the opportunity to grow and succeed in the world of prop trading.