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Alpha Kings

A Different Approach to Competitive Trading

Looking for a TopStep Alternative?

Alpha Kings is not a prop firm. You pay an entry fee, trade simulated capital against other competitors, and first place wins the prize pool in USDC. No evaluations. No trailing drawdown.
Start competingHow it works

Trading is simulated. Entry fees and prizes are real, where permitted.

What Makes Alpha Kings Different

A contest is a different format from a funded account evaluation. Here is what that means in practice.

Several Markets

Contests can cover forex, crypto, indices and commodities, with 36 symbols across those classes. Each contest sets its own list.

No Trailing Drawdown

A contest has no drawdown rule of any kind. You only need to finish ahead of the other entrants.

No Monthly Subscriptions

You pay per contest: an entry fee plus an arena fee. King's Court challenges start at a $1 entry fee.

Alpha Kings vs TopStep: Side by Side

  • Format

    Alpha Kings

    Simulated trading contest against other competitors

    Funded evaluation model

    Trade alone against evaluation rules to qualify for a funded account

  • What you pay

    Alpha Kings

    An entry fee plus an arena fee, per contest

    Funded evaluation model

    An evaluation fee or subscription, set by each firm

  • What you can win

    Alpha Kings

    The prize pool, less a 5% victory fee, in USDC where permitted

    Funded evaluation model

    A share of profits from a funded account, on the terms of each firm

  • What you can lose

    Alpha Kings

    Your entry fee and arena fee

    Funded evaluation model

    Your evaluation fee or subscription

  • Length

    Alpha Kings

    Shown on each contest. King's Court challenges run from 15 minutes to 24 hours

    Funded evaluation model

    Set by each firm

  • Starting balance

    Alpha Kings

    $100,000 simulated by default, shown on each contest

    Funded evaluation model

    Set by each firm

  • Markets

    Alpha Kings

    Forex, crypto, indices and commodities, set per contest

    Funded evaluation model

    Set by each firm

  • Drawdown rules

    Alpha Kings

    No drawdown limit in a contest

    Funded evaluation model

    Usually part of the evaluation rules

TopStep runs funded account evaluations. This table compares the two formats in general terms and is not a statement about the current prices or rules of TopStep. See the TopStep site for those.

Alpha Kings is the creator of this page and is not affiliated with TopStep. TopStep is a registered trademark of TopstepTrader, LLC.

How Alpha Kings Works

  1. 01

    Create Account

    Sign up for free. No evaluation fees.
  2. 02

    Fund Your Wallet

    Deposit USDC on Polygon to enter contests.
  3. 03

    Enter & Compete

    Join a contest and trade simulated capital against other competitors.
  4. 04

    Win USDC

    First place wins the prize pool, less the 5% victory fee, where permitted.

Frequently Asked Questions

Is Alpha Kings a prop firm like TopStep?
No. Alpha Kings is a simulated trading contest platform. You do not pass an evaluation to receive a funded account. You enter a contest against other competitors, and first place wins the prize pool in USDC, where permitted.
How is Alpha Kings different from TopStep?
TopStep runs funded account evaluations. Alpha Kings runs contests: everyone trades simulated capital, and the highest realized profit wins the prize pool, less a 5% victory fee. A contest has no evaluation, no trailing drawdown and no profit split, and contests can cover forex, crypto, indices and commodities.
Can I use both Alpha Kings and TopStep?
Alpha Kings contests are separate from any account you hold elsewhere. Check the rules of the other firm.
What are the entry fees for Alpha Kings competitions?
Entry fees are set per contest, and King's Court challenges start at $1. The arena fee runs from $2 to $25 depending on the entry fee, and it is paid on top of the entry fee. There are no subscription fees.
How do payouts work on Alpha Kings?
The prize is credited to your Cash wallet when the contest settles, less a 5% victory fee taken from the prize pool. You can then request a withdrawal in USDC on the Polygon network.
Is Alpha Kings available in my country?
Not everywhere. Alpha Kings is not offered in these US states: AR, CT, DE, FL, HI, ID, LA, MT, NV, OR, SD, WA. It is also not offered in Canada, China, India, Cambodia, Thailand, Philippines, Nepal, Iran, North Korea, Cuba, Syria, Russia. Not being on this list does not mean contests are permitted where you live, so check your local rules and our Terms.

Ready to Compete?

No evaluations. No trailing drawdown. You can lose your entry fee.

Join Alpha Kings