Side-by-side on the metrics that actually matter: true cost to funded, drawdown type, profit split and payout speed.
Quick verdict
Alpha Futures is $111 cheaper to get funded on a 50K account ($129 vs $240, activation fees included).
Alpha Futures bills monthly, so its cost goes up for every extra month it takes you to pass. Traders Launch is a one-time fee.
Alpha Futures uses end-of-day drawdown and Traders Launch uses static. Neither trails your open profit during the day.
Alpha Futures has a consistency rule on the funded account, which can hold up payouts after a big day. Traders Launch doesn't. Rule: 50% eval, 40% funded.
Traders Launch pays out faster (from day one, $200 minimum vs after 5 trading days).
Alpha Futures has the higher maximum profit split, 90% against 80%.
Alpha Futures allows trading during news. Traders Launch restricts it.
Figures are list prices for the 50K account, last updated Sep 2026. Verify all details directly with each firm before purchasing. PropKoala may earn affiliate commissions. Trading involves substantial risk.