Alpha Capital Prop Firm Review
By Polys
Published: · Last updated:
- 80% standard; eligible One and on-demand Pro accounts offer a purchase-time 90% add-on; Direct includes 90%
- Static maximum drawdown on Pro, Swing and Three; balance-trailing on One and Direct
- One has 6%, 10% and 12% variants; Direct has no evaluation
- Duration tests, per-asset risk limits and payout conditions depend on the account
- Non-refundable fees; qualified Pro and Direct prohibit weekend holds
Rules and payouts checked on 27 September 2026
Program rules and payouts checked against Alpha Capital’s official help centre on 27 September 2026. Prices, discounts, ratings and company-register statements retain their earlier review scope; this badge does not certify a fresh check of those items.
TL;DR: Alpha Capital in 30 seconds
- What it is: a genuine UK company (Companies House 13719951) trading simulated capital. Not FCA regulated, and there is no FCA warning against it - similarly named unrelated firms do appear on that list.
- The split: 80% standard; a purchase-time 90% add-on is available on Alpha One and on-demand Alpha Pro. Alpha Direct pays 90%.
- The drawdown: static on Alpha Pro, Swing and Three. Alpha One and Direct trail their highest account balance.
- The catch: the 2-minute rule combines duration and profit tests. Qualified accounts also have applicable Max Risk limits and can face Focused Trader Group restrictions.
- Cost: one-time fee, and it is not refundable - “all sales are final”. Trustpilot 4.7 from 20,000+ reviews.
- Best for: traders whose strategy fits the selected plan’s drawdown, duration and payout conditions.
Table of contents
Pricing snapshot
CFD pricing
| Program | Account size | Price | Billing | Notes |
|---|---|---|---|---|
| Listed challenge | $10K | USD 97 | One-time | Migrated from existing JoinProp product price field. |
| Listed challenge | $25K | USD 197 | One-time | Migrated from existing JoinProp product price field. |
| Listed challenge | $50K | USD 257 | One-time | Migrated from existing JoinProp product price field. |
| Listed challenge | $100K | USD 457 | One-time | Migrated from existing JoinProp product price field. |
| Listed challenge | $200K | USD 897 | One-time | Migrated from existing JoinProp product price field. |
Firm Overview
Alpha Capital Group is a simulated-capital prop firm operating from a real, active UK company: Alpha Capital Group Limited, Companies House number 13719951, incorporated November 2021. That is worth stating plainly, because it is more corporate substance than most of this industry offers.
It is also worth being precise about what that does and does not mean. Alpha Capital is not FCA regulated, and it does not claim to be - its own help centre describes it as “not a broker… a proprietary trading company”, and its Companies House filing lists it under IT services rather than financial services. The only licence anywhere in the group belongs to its execution broker, ACG Markets, which holds a Seychelles Financial Services Authority Securities Dealer licence (SD182). That licence covers the broker, not the prop firm, and it is not a UK permission.
We checked the FCA’s live warning list directly. There is no FCA warning against Alpha Capital Group. Several unrelated firms with similar names do appear on it, which is exactly the trap that catches careless research - do not confuse them.
Real trader reviews - Alpha Capital Prop Firm Review5 real trader reviews for Alpha Capital Prop Firm Review
Thorng Romnea
Based in Cambodia, Thorng works in sales, operations and legal support at Newa Insurance (Cambodia) Plc. and studied at Western University. He trades prop firm challenges alongside his day job, and shared his first hand experience with Alpha Capital for JoinProp readers.
LinkedIn profileI have had a good experience with Alpha Capital overall. What I like most is that the rules are quite clear, the platform is easy to use, and the support has been helpful when I had questions. I also like that they provide different account options depending on your trading style and goals. The main downside for me is that some of the rules can be quite strict, so you really need to understand them and manage your risk carefully. Overall, though, I think Alpha Capital is a good option for traders who are disciplined and willing to follow the rules.
Steeve Marc Lee Fils-Aime
Funded trader with Alpha Capital, based in Port-au-Prince, Haiti, where he works as a foreign exchange trader and billing analyst. He studied at the Ecole Nationale Superieure de Technologie and shared his first hand experience of both the challenge and funded stages for JoinProp readers.
LinkedIn profileOne thing I really appreciated about Alpha Capital was the availability of bank wire transfers as a payment method, which I found convenient and professional. I also think the 40% consistency rule on Alpha One was reasonable and gave traders a clear framework to manage their profits.
However, what I did not appreciate was the difference in rules between the challenge and the funded stage. During the challenge, economic news trading was allowed, but once funded, it was no longer permitted. I believe keeping the rules consistent between the challenge and the funded account would provide a better and more transparent experience for traders.
Kingsley Chima Adili
Forex trader and entrepreneur based in Port Harcourt, Nigeria, who studied at the Federal University of Technology Owerri. He has traded with Alpha Capital for over two years and shared his experience for JoinProp readers.
LinkedIn profileAlpha Capital is a very good proprietary trading firm that offers excellent trading conditions for traders. Payouts are fast and reliable, I am a living witness to this. I have been trading with them for over two years now.
Giorgio Geloso
Founder of Kairos Capital in Palermo, Sicily, working on quantitative strategies and alternative investments. He has traded with several CFD prop firms and compared them for JoinProp readers.
LinkedIn profileMy experience with Alpha Capital was very different and, personally, the worst I have had with a CFD prop firm. I experienced a payout rejection that I strongly disagreed with, significant slippage, and a pre-payout interview process with questions that I felt were unnecessarily tricky. Overall, it was a very negative experience for me.
Testimony Emmanuel
Funded trader based in Aba, Abia State, Nigeria, who studied at Rhema University. Alongside trading he works as a medical laboratory scientist and content writer, and has taken seven payouts from Alpha Capital Group.
LinkedIn profileI have traded mainly with Alpha Capital Group, and so far I have received seven payouts from them. Overall, my experience with the firm has been positive, and I would rate my experience 4/5. The biggest positive for me is that I have personally received multiple payouts, which gives me confidence in the firm's payout process.
One area traders should be aware of is that some of Alpha Capital Group's rules can be quite specific and may not be immediately obvious to someone who does not read the rules carefully. For example, they have restrictions around practices such as spamming the order book, including limitations around having multiple trades open simultaneously.
These rules are not necessarily a problem, but they can be challenging for traders who are used to trading without those restrictions. My biggest advice to anyone considering the firm is to read the rules thoroughly before purchasing an account and make sure your trading style is compatible with them.
Overall, my experience with Alpha Capital Group has been positive. I have been able to trade their accounts, meet their requirements, and receive seven payouts. For me, that personal experience is the strongest evidence I can give. If you understand and follow their rules, my experience has shown that they do pay their traders.
The Product Line
| Plan | Steps | Profit target | Daily DD | Max DD | Drawdown type |
|---|---|---|---|---|---|
| Alpha One 6% / 10% / 12% | 1 | 6% / 10% / 12% | 3% / 4% / 5% in evaluation; One 6% becomes 4% qualified | 4% / 6% / 8% | Trailing highest balance |
| Alpha Pro 6% | 2 | 6% / 6% | 3% | 6% | Static |
| Alpha Pro 8% | 2 | 8% / 5% | 4% | 8% | Static |
| Alpha Pro 10% | 2 | 10% / 5% | 5% | 10% | Static |
| Alpha Swing | 2 | 10% / 5% | 5% | 10% | Static |
| Alpha Three | 3 | 8% / 4% / 4% | 4% | 6% | Static |
| Alpha Direct | None: instant qualified | No evaluation target | 3% | 5% | Trailing highest balance |
Alpha Pro, Swing and Three have static maximum drawdowns; One and Direct trail. One requires one evaluation trading day; Pro and Swing require three per phase. Unlimited evaluation time does not override inactivity rules. Allocation is shared across the five plan families.
There is also Alpha Prime, a progression to live capital. Note it pays 60%, not more - lower than the simulated product - with an optional monthly salary attached.
Profit Split: Standard 80% and Eligible 90% Options
The standard evaluation-to-qualified split is 80%. Alpha One and on-demand Alpha Pro offer a 90% add-on selected when buying the account; it cannot be added later. Alpha Direct includes 90%. This corrects the earlier claim that a 90% split was unavailable.
The Fee Is Not Refundable
The return policy is one line, and it is unambiguous:
“All sales are final and no refund will be issued.“
The help centre repeats it: “All our evaluation plans are non-refundable.” There is no fee rebate on your first payout, and no cooling-off window. The only refund that exists anywhere in Alpha’s documentation is one the firm may elect to make - it reserves the right to refund a passed account if funding it would push your total allocation above $400,000.
The 2-Minute Trading Rule
Average trade duration must exceed two minutes, with most trades lasting longer than two minutes. Separately, at least half of evaluation target profit or qualified gross profit above the starting balance must come from trades longer than two minutes. Short-trade profits during recovery also count toward the restricted portion. Some shorter trades are allowed.
Failure after evaluation completion can mean restarting Phase 1; on a qualified account it can remove all profits and reset the balance.
Max Risk and Focused Trader Group
Qualified accounts purchased after 21 July 2026 have a separate per-asset open-loss cap: 3% on $5k-$25k, 2% on $50k-$200k, and 1% on all Direct sizes. Losing positions on the same asset are combined without offsetting winners. Reopening that asset in the same direction within ten minutes combines losses. Reaching the threshold closes the account.
The discretionary Focused Trader Group reduces leverage and lot exposure, imposes a cumulative 1% risk limit and next-day cooling-off after 1% loss on a symbol, disables EAs, and prevents scaling or merging. Removal requires review: one successful payout for purchases after 21 July 2026, two consecutive payouts for earlier purchases, plus the stated account conditions. On-demand review additionally requires 30 calendar days of qualified trading data; Alpha One has a starting-balance exception. Some traders may also be restricted to on-demand purchases.
Payouts
| Payout term | Detail |
|---|---|
| Minimum payout | $100 gross ($80 net to you) on the bi-weekly route |
| Bi-weekly | Every 14 days (Alpha Pro and Alpha Three only); first payout needs 5 trading days |
| On-demand | Pro, Swing, One and Three: at least 2% gross profit. Direct: permanent 3% buffer plus at least 1% gross profit above it |
| Best Day Rule | On-demand: best day no more than 40% for Pro/Swing/One/Three; 15% for Direct |
| Processing | Within 2 business days; account is locked while processing |
| Methods | Rise, Wise, bank transfer. Crypto only via Rise - not paid directly |
| Commission | Standard: none. Raw: $2.50 per lot per direction (indices free on both) |
Using minimal lot sizes purely to tick off trading days is explicitly “not allowed”.
Alpha One: Payouts and the Trailing Floor
The One 6%, 10% and 12% variants trail by 4%, 6% and 8% respectively, based on the highest balance. Once the relevant profit level locks the floor at the initial balance, withdrawing all profit closes the account. Before that lock, a full-profit payout can be possible without closing it; the floor does not reset downward.
Trading Rules
- Allowed: hedging, stacking (three or more trades on the same instrument), and overnight and weekend holds during all evaluation phases. That is more permissive than most firms.
- Weekend holds on qualified accounts: allowed on Alpha One, Alpha Three and Alpha Swing - but not on Alpha Pro or Direct. This is a genuine trap for funded Pro traders who held positions freely during the evaluation.
- Expert Advisors: pre-approved risk-management and trade-assistance EAs on MT5, enabled at checkout and used during evaluation for qualified access. None on Direct, Swap-Free or Focused Trader Group accounts. Fully automated EAs mean immediate account closure.
- Copy trading: only from your own verified master account. Group trading and signal following are prohibited.
- News: evaluation news trading is allowed. Qualified Pro, One, Three and Direct prohibit opening or closing affected instruments within five minutes either side of listed releases, including order-triggered exits. Swing permits news trading, but trades opened within two minutes either side must last longer than two minutes.
- Lot exposure combines all simultaneously open positions. Breach counts are assessed per position, not per idea. A first breach makes those profits unpayable; a second breach forfeits your profits and deactivates the account. One oversized trade followed by another is two breaches.
- IP rule: separate household members may hold their own accounts within allocation limits and share an IP after advance notice to support. Account sharing and coordinated trading remain prohibited. VPN/VPS use requires a static IP and advance notice.
- Inactivity: 30 consecutive days deactivates the account, irreversibly. Logging in does not count - you must trade.
- Prohibited: latency and arbitrage trading, HFT, front-running, order-book spamming, reverse and group hedging, and third-party account management.
Platforms, Markets and Costs
Alpha Capital supports MetaTrader 5, cTrader, DXtrade, TradeLocker. US residents cannot use MT5, and cTrader is closed to new US customers.
Two account types are offered at checkout: Standard, with no commission, and Raw, at $2.50 per lot in each direction with tighter spreads. Indices are commission-free on both. Execution runs through ACG Markets.
Note one inconsistency on Alpha’s own site: the product page advertises plans “from $50”, while its own pricing article lists an Alpha Pro 6% $5,000 account at $40. Prices also shift with frequent promotions, so treat any figure as indicative.
Company Information
- Entity: Alpha Capital Group Limited, UK, Companies House no. 13719951, incorporated 2 November 2021
- Regulation: not FCA regulated, and does not claim to be. Its execution broker, ACG Markets, holds a Seychelles FSA Securities Dealer licence (SD182) - that covers the broker, not this firm
- FCA warning list: checked directly - no warning exists against Alpha Capital Group. Similarly-named unrelated firms do appear on it
- Account type: simulated capital
- Maximum allocation: $400,000 per household; $300,000 per strategy
- Trustpilot: 4.7 out of 5 from over 20,800 reviews, on a claimed profile with no consumer alert. That is a strong score and, unlike much of this sector, it is being displayed normally
Who Alpha Capital Suits
Pro, Swing and Three suit traders seeking static maximum drawdowns. One offers a single-step evaluation with trailing risk; Direct skips evaluation but carries a permanent payout buffer and tighter consistency and risk limits.
Choose by the full rule set: duration tests, qualified news and weekend restrictions, payout eligibility and risk exposure matter alongside the advertised split. Very short-duration or aggressive strategies may be a poor fit.
Frequently Asked Questions
What is Alpha Capital’s profit split?
Standard qualified accounts pay 80%. Alpha One and on-demand Alpha Pro offer a purchase-time 90% add-on; Direct includes 90%. Alpha Prime is a separate live-capital arrangement.
Is Alpha Capital FCA regulated?
No. It is a genuine UK-registered company (Companies House 13719951) but it holds no FCA authorisation and does not claim any. Its execution broker, ACG Markets, holds a Seychelles FSA licence, which does not extend to the prop firm. There is no FCA warning against the company.
What is Alpha Capital’s 2-minute rule?
Average duration and most trades must exceed two minutes. At least half of evaluation target profit or qualified gross profit above starting balance must come from longer trades. Failure can trigger a Phase 1 restart or a qualified profit reset.
Can I get a refund from Alpha Capital?
No. The return policy states: “All sales are final and no refund will be issued.” There is no cooling-off period and no fee rebate on your first payout.
Alpha Prime: The Live-Capital Route, And Its Price
Alpha Prime is the firm’s progression from simulated capital to a live-capital arrangement, and it is one of the more unusual structures in the sector - worth understanding before you treat it as the goal.
The headline is counter-intuitive: Alpha Prime pays 60%, not 80%. Moving up to live capital reduces your profit share by twenty points. In exchange, Prime traders can receive an optional monthly salary, and the plan carries no consistency rule - the 40% best-day constraint that governs on-demand payouts elsewhere does not apply. Risk parameters are also different in kind rather than degree: a 30% daily loss limit and a $10,000 static maximum loss.
Two conditions deserve attention. First, your qualifying simulated accounts are closed when you transition - Prime replaces them rather than running alongside. Second, the exit terms are strict: Alpha’s own documentation states that traders who decline the live programme “will receive their final payout and forfeit any further relationship with any branch of the Alpha Group.” Turning down the offer ends the relationship.
Whether the trade is worth it depends entirely on the salary, which is not published. A 20-point split cut is a large, certain cost against an unquantified, discretionary benefit.
Getting Paid: Eligibility Before Processing
Bi-weekly Pro and Three payouts use a 14-day cycle from the first qualified trade, a $100 gross minimum and five same-strategy trading days for the first request. On-demand eligibility follows the plan-specific thresholds above. Exactly 40% satisfies the standard best-day ceiling. Close all positions before requesting; trading remains locked during processing, normally within two business days.
Is Alpha Capital legit?
Alpha Capital Group is a genuine, active UK company - Companies House number 13719951 , incorporated November 2021 - with a long-standing Trustpilot profile rated 4.7 from over 20,000 reviews. It is not FCA regulated and does not claim to be. There is no FCA warning against it; several similarly named but unrelated firms do appear on the FCA warning list.
Does Alpha Capital have a consistency rule?
On-demand payouts use a 40% best-day ceiling for Pro, Swing, One and Three, or 15% for Direct. Bi-weekly does not use this ceiling. Duration and risk rules still apply.
Can you hold trades over the weekend at Alpha Capital?
All evaluation plans allow weekend holds. Qualified One, Three and Swing allow them; qualified Pro and Direct do not.
Are Expert Advisors allowed at Alpha Capital?
Pre-approved MT5 risk-management and trade-assistance EAs are permitted on eligible accounts, with checkout activation and evaluation use required for qualified access. Fully autonomous trading EAs are prohibited. Direct, Swap-Free and Focused Trader Group accounts do not permit EAs.
Official resources and pricing
Official rule references checked on 27 September 2026:
- alpha one 6 10 12
- alpha direct
- 90 profit split and swap free add ons
- what is the max risk rule and how does it work
- focused trader group
- can i trade news
- what is the ip rule are vpns and vpss allowed
- on demand performance fee
- bi weekly performance fee
- what is the 2 minute average trade duration rule
- can i use an expert advisor ea
Earlier review resources:
Prices and rules change often. Check these pages before buying.
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