What happened

NinjaTrader served Alpha Futures a termination notice on 9 July 2026, and services ended on 12 July. The same day, Alpha Futures announced the closure of its Premium Plan, which ran on NinjaTrader’s infrastructure. The initial announcement said active Premium accounts would be refunded their account fee and closed, and that pending and unpaid Premium payouts beyond what had already been paid would not be honoured — including payouts that had been approved. Per Finance Magnates, traders who had passed evaluations were offered fee refunds, not their earned profits.

Also on 12 July, listing site PropFirmMatch delisted Alpha Futures effective immediately, stating that traders should not lose payouts they have already earned without breaking any clearly stated rule. Other listing and review sites followed with removals of their own.

The partial reversal around 16 July

The firm then changed course in a post on its own site: Premium traders in “approved for pay” status will be paid, payouts “WILL be made in batches”, and a first batch equal to 10% of outstanding Premium payouts had been made. Account-fee refunds continue. On the underlying dispute, NinjaTrader cites an unpaid balance of roughly $225,700; Alpha counters that the sum is residual credit from a settled overcharge. The two accounts remain in conflict.

Where things stand (update)

Payout Junction’s on-chain record shows the firm’s settlements continuing without interruption through 4 August. Verified 30-day volume, however, has fallen from roughly $2.95M in late July to $1,946,622 (checked by us on 5 August 2026). Recent Trustpilot reviews report first payouts taking over two weeks to arrive and payouts still outstanding weeks after approval (checked by us on 6 August 2026). An on-chain record is evidence that money moves — not proof that any particular trader was paid.

We do not maintain a firm page for Alpha Futures; the episode is recorded in the rule-change tracker and the payout verification tracker. The risk that earned payouts can be voided after the fact is the scenario covered in our guide to retroactive rule changes. This page is informational and is not investment advice.