FAQ
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Getting started
Alpha Kings runs paid-entry trading contests. You pay to enter, trade with simulated capital, and first place receives the prize pool minus a 5% victory fee.
Trading is simulated. Entry fees and prizes are real, where permitted. You can lose your entry fee.
- Contests cover forex, crypto, indices and commodities.
- No real trades are placed.
- Prizes are credited to your Cash wallet, and you can withdraw Cash as USDC on Polygon.
- Select Sign up in the navigation, or Create your account on the homepage.
- Enter your email, username and password, then your country, and your state if you are in the US.
- Check the two acknowledgements and select Create Account.
MFA is optional at signup, but you need it to withdraw. You can set it up in Settings, under the Security tab.
- You must be at least 18 years old.
- One account per person.
- A valid email address.
- USDC on Polygon to fund your wallet.
- You must not be in a restricted state or country.
Restricted US states: AR, CT, DE, FL, HI, ID, LA, MT, NV, OR, SD, WA.
Restricted countries: Canada, China, India, Cambodia, Thailand, Philippines, Nepal, Iran, North Korea, Cuba, Syria, Russia.
The full requirements are in the Terms of Service.
Practice Mode gives you a $100,000 simulated balance on the same trading screen contests use. There is no entry fee and no prize. You need an account to open it.
- Prices come from the same third-party feeds as contests and are not guaranteed to be live.
- You can reset the balance whenever you want.
Open it at Practice Mode.
No experience is required to enter. Practice Mode lets you learn the trading screen without paying an entry fee.
You can lose your entry fee, so read a contest's fees and rules before you join.
No. Alpha Kings is available in most US states and in other countries, where permitted. It is not offered in the places below.
Restricted US states: AR, CT, DE, FL, HI, ID, LA, MT, NV, OR, SD, WA.
Restricted countries: Canada, China, India, Cambodia, Thailand, Philippines, Nepal, Iran, North Korea, Cuba, Syria, Russia.
Contests and trading
- Pick a contest. Its page shows the entry fee, prize pool, players and rules.
- Pay the entry fee plus the arena fee from your Cash wallet. The arena fee is added on top of the entry fee.
- When the contest starts, trade its allowed symbols with its simulated starting balance. The default is $100,000.
- At the end, open positions are closed automatically and the highest realized P&L in dollars finishes first.
- First place receives the prize pool minus the 5% victory fee.
You cannot leave a contest after joining. A contest under its minimum number of players at the start is cancelled and each entry is refunded.
There are 36 symbols across forex, crypto, indices and commodities, plus futures tickers. Each contest has its own allowed symbols, so check the contest details.
- Forex: EUR/USD, GBP/USD, USD/JPY and others
- Crypto: BTC/USD, ETH/USD, SOL/USD and others
- Indices: US30, NAS100, SPX500 and others
- Commodities: gold (XAU/USD), silver (XAG/USD), oil (WTI, Brent) and others
Prices come from third-party feeds and are not guaranteed to be live.
Leverage is set per contest. The default is 100:1. King's Court and Practice Mode use 100:1.
The starting balance is also set per contest, with a default of $100,000 simulated. Both are shown in the contest details.
There are no drawdown limits, no minimum trading days, no minimum number of trades and no consistency rules. These rules do apply:
- You can trade only the symbols allowed in that contest.
- New orders are rejected when the required margin exceeds your available margin.
- Market orders fill at the ask when you buy and the bid when you sell. There is no slippage model and no commission.
- Positions still open at the end are closed automatically at the live price: longs at the bid, shorts at the ask. If no price is available for a symbol at that moment, the position stays open and its P&L is not counted.
- The Terms of Service prohibit collusion, multiple accounts, using bots or scripts for an unfair advantage, and abuse of the platform.
The highest realized P&L in dollars finishes first. P&L is counted after open positions are closed automatically at the end of the contest.
- Ranking uses dollar P&L, not percent return.
- A negative P&L can finish first if everyone else lost more.
- A player with no trades has a P&L of $0 and ranks above anyone with a loss.
- If entries finish on exactly the same P&L, one of them is ranked first and receives the prize. The prize is not split.
- If no price is available for a symbol at the close, that position stays open and its P&L is not counted.
First place receives the prize pool minus the 5% victory fee.
Yes. You can join as many contests as your Cash balance covers, once each. Each contest has its own simulated balance, positions and ranking.
You stay in the contest. There is no liquidation and no stop-out, so your positions stay open, and your simulated balance can go below zero.
New orders are rejected when the required margin exceeds your available margin. No extra fee is charged.
Automated Trading Accounts are accounts run by software, not by people. They trade in contests alongside human players, including King's Court and private challenges.
- They can win. They are ranked on the same P&L as everyone else and can finish first.
- If one finishes first, no person receives that prize. The Terms say it is retained by Alpha Kings to fund future contests and operations.
- They count toward a contest's minimum number of players.
- In some contests, all of your competitors may be automated.
- They are labeled with an Automated tag.
The full disclosure is in the Terms of Service.
Deposits and withdrawals
- Go to your Wallet and open Deposit.
- Show the QR code, then scan it or copy the deposit address.
- Send USDC on the Polygon network from any wallet. The minimum is $10.
- The amount is added to your Cash wallet after network confirmation.
There is no deposit fee.
USDC on the Polygon network only. USDT, ETH, BTC and USDC on other networks are not accepted.
A deposit sent on another network is not credited, so check the network before you send. If it happens, contact support.
We do not publish a deposit time. A deposit is added to your Cash wallet after network confirmation, and you can see its status in your Wallet.
- Go to your Wallet and open Withdraw.
- Enter the amount.
- Paste your USDC Polygon address. Withdrawals cannot be reversed, so check it carefully.
- Enter your MFA code. MFA is required to withdraw.
The USDC is then sent to that address, and the transaction hash appears in your transaction history.
Withdrawal fee: 1% (covers blockchain fees + processing)
| Deposits | $0 |
|---|---|
| Withdrawals | 1% |
Example: Withdraw $1,000 → You receive $990 (after 1% fee)
- Minimum deposit: $10 USDC
- Minimum withdrawal: $1 USDC
Payouts and prizes
- The contest ends, open positions are closed automatically and final rankings are calculated.
- The prize, after the 5% victory fee, is credited automatically to the winner's Cash wallet.
- The winner receives an email, and the prize appears in their transaction history.
- The winner can use that Cash to enter another contest or request a withdrawal.
Prizes are not sent on-chain. Only withdrawals are.
The victory fee is 5% of the prize pool. It is deducted from the prize, and only the winner pays it. The winner receives the other 95%.
| Prize pool | $1,000 |
|---|---|
| Victory fee (5%) | $50 |
| Winner receives | $950 |
Every entry fee goes into the prize pool, so the pool grows with each entry. The arena fee is paid on top of the entry fee and does not go into the pool.
Example: 10 players, $100 entry fee, $7 arena fee.
| Each player pays | $107 |
|---|---|
| Prize pool | $1,000 |
| Victory fee (5%) | $50 |
| Winner receives | $950 |
It is winner-take-all. Only first place is paid. Second place and below receive nothing.
Your prize is in your Cash wallet once the contest settles. From then on you can request a withdrawal of $1 or more, as long as MFA is turned on.
We do not publish a processing time. The Terms of Service say withdrawals may require identity verification and may be delayed or rejected if we suspect fraud, money laundering or Terms violations.
Prop firms
Alpha Kings is a contest, not a prop firm. This is how it is set up:
| What you pay | An entry fee plus an arena fee, per contest |
|---|---|
| What you trade | Simulated capital. No real trades are placed. |
| Who gets paid | First place only: the prize pool minus the 5% victory fee |
| Drawdown rules | None |
No. There is no evaluation to pass, no funded account and no profit split. You pay to enter a contest, and that contest's ranking decides who receives its prize.
No. There is no daily drawdown limit, no maximum drawdown rule and no stop-out. New orders are rejected when you do not have enough margin.
Accounts can still be suspended under the Terms of Service, for example for cheating or collusion.
No. There are no minimum trading days, no minimum number of trades and no limit on how much of your profit comes from one trade. One trade can decide a contest.
Not always. Each contest has a minimum number of players, 2 by default, which is checked once at the start.
- Under the minimum: the contest is cancelled and there is no winner. Each entry is refunded the entry fee and arena fee to the Cash wallet.
- At or above the minimum: the contest runs and first place is paid, even if every player finishes with a loss.
Automated Trading Accounts count toward the minimum and can finish first.
From its fees:
- The arena fee on each entry
- The 5% victory fee on the prize pool
- The 1% withdrawal fee
When an Automated Trading Account finishes first, the Terms say the prize is retained by Alpha Kings.
Fees
| Fee | Amount | When |
|---|---|---|
| Deposit fee | $0 | Never charged |
| Arena fee | $2 to $25 | On entry, on top of the entry fee |
| Victory fee | 5% | Deducted from the prize, winner only |
| Withdrawal fee | 1% | On withdrawal |
The entry fee is not in this list because it goes into the prize pool.
The arena fee is a flat fee added on top of the entry fee when you join a contest. It scales with the entry fee. Alpha Kings keeps it, and it does not go into the prize pool. It is refunded if the contest is cancelled.
| Entry fee | Arena fee |
|---|---|
| Up to $10 | $2 |
| $11 to $25 | $3 |
| $26 to $50 | $5 |
| $51 to $100 | $7 |
| $101 to $250 | $10 |
| $251 to $500 | $15 |
| $501 and up | $25 |
When a contest settles, 5% of the prize pool is deducted and the winner receives the rest. Other players pay no victory fee.
Example: on a $500 prize pool the victory fee is $25, so the winner receives $475.
These are the fees Alpha Kings charges:
- Arena fee when you enter a contest
- Victory fee if you win
- Withdrawal fee when you withdraw
There is no subscription, data, platform access, account maintenance or inactivity fee. Your own wallet or exchange may charge a network fee when you send USDC.
The entry fee plus the arena fee. For a $100 entry fee, that is $107.
You can lose your entry fee. The arena fee is returned only if the contest is cancelled.
Security
- MFA (Multi-Factor Authentication): Required for withdrawals. Backup codes are provided when you set it up.
- Passwords: Stored as hashes, not as plain text.
You can turn on MFA in Settings, under the Security tab.
- Go to Settings and open the Security tab.
- Under Two-Factor Authentication, select Enable Two-Factor Authentication.
- Scan the QR code with an authenticator app, such as Google Authenticator, Microsoft Authenticator or Authy.
- Save your backup codes.
- Enter the 6-digit code from the app to finish.
MFA is required for withdrawals.
Prizes stay in your Cash wallet until you withdraw them. MFA is required for withdrawals, which are sent as USDC on Polygon and cannot be reversed.
You can lose your entry fee.
Withdrawals, yes. Each withdrawal stores a transaction hash once it is sent. Prizes, no: they are credited to your internal Cash wallet, so there is nothing on-chain until you withdraw.
- Open your Wallet and find the withdrawal in your transaction history.
- Open its link, or copy the transaction hash.
- Paste the hash into polygonscan.com to view the transaction.
Technical and support
Use a current version of Chrome, Firefox, Safari or Edge. Internet Explorer is not supported.
Yes, in your phone's browser. There you can browse and enter contests, trade and use your wallet. There is no native iOS or Android app.
- Open Practice Mode.
- Select Reset in the Practice Mode banner.
- Confirm in the dialog.
Reset sets your balance back to $100,000, deletes all your practice trades and clears your practice statistics. It cannot be undone.
Use the contact form. We aim to reply within 24 hours.
Affiliate program
You earn a percentage of the arena fee paid by users you refer. When someone signs up through your referral link and joins a contest, your commission is credited to your Cash wallet automatically.
- Default rate: 10% of arena fees (negotiable based on volume)
- Withdrawals: in USDC through your standard wallet flow, $1 minimum
- Public dashboard at alphakings.io/partner/YOURCODE, where you can track signups, deposits and earnings
Important: commissions are calculated on arena fees only, not on entry fees, victory fees or user winnings.
Visit alphakings.io/affiliate while logged in and submit the application form. You will need:
- Channel or profile URL (YouTube, X, Instagram, TikTok, etc.)
- Audience size estimate
- A short pitch on why your audience would be interested
We aim to reply by email within 48 hours. The program is invitation-only while we calibrate commission rates and tracking.
Commission = your % × arena fee. Example: a user you referred enters a contest with a $25 entry fee. The arena fee on that tier is $3. At a 10% commission rate you earn $0.30, credited to your Cash wallet.
Commission is credited when a referred user joins a standard contest, or joins a King's Court challenge from its contest page.
What does not generate commission:
- Entry fees (those go to the prize pool)
- Victory fees (the 5% taken from the prize pool)
- Withdrawals or any other transaction
- The arena fee a creator pays to open a King's Court challenge
- Automated Trading Accounts
Commission depends on how often your referred users join contests, not on how much they win or lose.
Once approved, you receive an email with your unique referral code and your tracking link:
https://alphakings.io/r/YOURCODE
Share it in video descriptions, bios or posts. When someone clicks it, a 30-day cookie attributes their signup to you. Once they register and join contests, you earn commission.
You can view your link and stats at alphakings.io/affiliate after logging in. That page redirects to your partner dashboard.
Commission is credited automatically to your Cash wallet when a referred user joins a contest that generates commission.
To withdraw:
- Open your Wallet page
- Enter the amount in USDC ($1 minimum) and your Polygon address
- Confirm with your MFA code
- Funds sent to your Polygon address (1% withdrawal fee applies)
Yes. For select creators, we offer a $50 paid review video bonus in addition to the ongoing commission.
- You receive $50 upfront via Venmo, PayPal or USDC
- You make an honest review video of Alpha Kings, good or bad, your real take
- You disclose the paid review per FTC rules in the description and verbally
- You also keep your standard commission on every signup who deposits and competes
This program is by approval only. Applications go through the standard affiliate application form.
Yes. Alpha Kings reserves the right to disable affiliate status for any of the following:
- Misleading marketing claims about Alpha Kings
- Failure to disclose the paid relationship per FTC rules
- Self-referral, fake-account fraud or any incentive abuse
- Marketing in restricted jurisdictions (see the restricted states and countries above)
- Violation of the Terms of Service
Already-credited commissions are honored even if status is later revoked, unless the credits resulted from fraud.
Use our contact form with the subject "Affiliate Program". We aim to reply within 48 hours. For application status questions, include the email address you used to apply.
Still have a question? Contact us