Alpha Capital vs TradeDay: Elite Prop Firms Comparison
Introduction
Alpha Capital and TradeDay stand as leading prop trading firms in today’s competitive market, each offering unique paths to funded trading accounts. Alpha Capital is renowned for its flexible evaluation process and comprehensive educational resources, earning a solid 4.3/5 rating on Trustpilot. TradeDay distinguishes itself with rapid funding options and innovative scaling plans, maintaining an impressive 4.6/5 Trustpilot rating. Both organizations have established themselves as trusted platforms for aspiring traders seeking capital backing, though they differ significantly in their approach to evaluations, funding structures, and trader support systems.
Quick Comparison
|
| Feature |
Alpha Capital |
TradeDay |
|
 |
|
| Founded |
2019 |
2021 |
| Trustpilot Rating |
4.3/5 (890+ reviews) |
4.6/5 (720+ reviews) |
| Evaluation Model |
Two-phase challenge |
One-step evaluation |
| Minimum Starting Capital |
$10,000 |
$5,000 |
| Profit Split |
Up to 90% |
Up to 95% |
| Review |
Read full review |
Read full review |
Program Types – Which experience fits your goals?
|
| Program |
Alpha Capital |
TradeDay |
| Standard Evaluation |
Two-phase challenge with 8% profit target and 5% maximum drawdown |
Single evaluation with 10% profit target and 8% maximum drawdown |
| Express Funding |
Available with higher fee, immediate funding after first phase |
Available with premium payment, immediate funding upon registration |
| Scaling Plan |
Account size doubles after every 10% profit milestone |
Account size increases by 25% after each 5% profit milestone |
| Demo Account |
Free 7-day trial available |
Limited demo functionality, 3-day trial only |
| Educational Program |
Comprehensive learning path with mentorship options |
Basic educational resources, premium courses available separately |
Assessment Criteria – How can you pass the test?
|
| Criteria |
Alpha Capital |
TradeDay |
| Profit Target |
8% across both phases (Phase 1: 4%, Phase 2: 4%) |
10% in single evaluation phase |
| Maximum Drawdown |
5% daily, 10% overall |
8% daily, 12% overall |
| Minimum Trading Days |
10 days per phase |
5 days total |
| Time Limit |
No time limit for completion |
30-day evaluation period |
| Trading Hours |
Flexible, with weekend trading allowed |
Standard market hours only |
| Position Holding |
Overnight positions allowed with restrictions |
No overnight positions on weekends |
| News Trading |
Allowed with caution |
Restricted during major economic announcements |
Fees and Pricing – How much will you pay?
|
| Option |
Alpha Capital |
TradeDay |
| $10,000 Account |
$99 one-time fee |
$129 one-time fee |
| $25,000 Account |
$199 one-time fee |
$229 one-time fee |
| $50,000 Account |
$299 one-time fee |
$329 one-time fee |
| $100,000 Account |
$499 one-time fee |
$529 one-time fee |
| $200,000 Account |
$899 one-time fee |
$999 one-time fee |
| Express Funding Fee |
Additional $150-$500 based on account size |
Additional $200-$600 based on account size |
| Monthly Fees |
None for funded accounts |
$99/month platform fee for funded accounts |
| Coupons |
Coupon Code |
Coupon Code |
| Review |
Read full review |
Read full review |
Platforms/Tools – What can you use?
|
| Tool |
Alpha Capital |
TradeDay |
| Trading Platforms |
MetaTrader 4, MetaTrader 5, cTrader |
MetaTrader 5, TradingView integration |
| Mobile Trading |
Full functionality on all platforms |
Limited functionality on mobile |
| Proprietary Tools |
Trade analytics dashboard, risk calculator |
Advanced journaling system, performance metrics |
| API Integration |
Limited, selected partners only |
Extensive, open API documentation |
| Backtesting Tools |
Built-in strategy tester |
Advanced backtesting with custom parameters |
| Trader Dashboard |
Basic statistics and tracking |
Comprehensive analytics with AI insights |
Available Options/Products
|
| Product |
Alpha Capital |
TradeDay |
| Forex Pairs |
50+ currency pairs |
38 major and minor pairs |
| Cryptocurrencies |
Limited selection (BTC, ETH, LTC) |
Extensive crypto portfolio (20+ coins) |
| Commodities |
Full range of metals and energies |
Basic commodities only |
| Indices |
Global indices coverage |
Major indices with leverage options |
| Stocks/Equities |
300+ global stocks |
500+ US and European stocks |
| Options Trading |
Not available |
Basic options capability |
Technical Capabilities/Performance
|
| Feature |
Alpha Capital |
TradeDay |
| Execution Speed |
Average 80ms |
Average 45ms |
| Leverage Options |
Up to 1:100 |
Up to 1:200 |
| Spreads |
Variable, from 0.5 pips |
Fixed, from 0.8 pips |
| Server Reliability |
99.8% uptime, occasional weekend maintenance |
99.9% uptime, redundant systems |
| Trading Algorithms |
EAs and automated trading supported |
Limited EA support, focus on manual trading |
| Data Feeds |
Standard market data |
Premium feeds with minimal latency |
Trader Support & Community
|
| Support Type |
Alpha Capital |
TradeDay |
| Customer Service Hours |
24/5 support |
24/7 support including weekends |
| Communication Channels |
Email, chat, phone during business hours |
Email, chat, phone, social media monitoring |
| Educational Resources |
Extensive library, webinars, video courses |
Basic guides, premium paid courses |
| Community Features |
Active forum, trader chatroom |
Discord server, weekly trading sessions |
| Mentorship Programs |
Available at additional cost |
Included with higher account tiers |
| Response Time |
Generally within 24 hours |
1-4 hours average response |
Conclusion and Final Recommendation
|
| Key Element |
Alpha Capital |
TradeDay |
| Strengths |
Lower evaluation requirements, comprehensive educational resources, no monthly fees for funded accounts, flexible trading hours |
Higher profit split, faster evaluation process, advanced trading technology, extensive cryptocurrency offerings, better execution speed |
| Weaknesses |
Two-phase evaluation process takes longer, limited cryptocurrency selection, slower execution speeds, less advanced technology |
Higher initial evaluation fee, monthly platform charges, stricter trading rules, less flexible trading hours, limited educational resources |
| Best For |
Beginner to intermediate traders who value education, patient traders who prefer a methodical approach, traders seeking flexible trading conditions |
Experienced traders seeking rapid funding, technical traders who value execution speed, cryptocurrency enthusiasts, performance-focused traders |
| Final Grade |
4.2/5 |
4.4/5 |
| Discount Codes |
Coupon Code |
Coupon Code |
| Review |
Read full review |
Read full review |
FAQ
What makes Alpha Capital popular among users?
Alpha Capital has gained popularity primarily due to its trader-friendly evaluation criteria with lower profit targets (8% vs competitors’ 10-12%), absence of monthly fees for funded accounts, and comprehensive educational resources. Many users appreciate the no-time-limit approach to evaluations, which reduces pressure and allows traders to develop their strategies at their own pace. The flexible trading conditions, including weekend trading options and permitted overnight positions, also contribute significantly to its positive reputation among developing traders.
How does TradeDay differ from other similar organizations?
TradeDay distinguishes itself through its streamlined single-phase evaluation process, superior execution speeds (averaging 45ms), and innovative scaling system that increases account size by 25% after each 5% profit milestone. Their technology-first approach is evident in their advanced trader dashboard with AI-powered analytics and comprehensive performance metrics. Additionally, TradeDay offers a broader range of tradable cryptocurrencies than most competitors and maintains one of the industry’s highest profit splits at up to 95% for experienced traders.
Which firm offers better value for beginners?
For beginners, Alpha Capital generally offers better value due to its comprehensive educational resources, less stringent evaluation criteria (8% profit target vs. TradeDay’s 10%), and more forgiving drawdown limits. The absence of time pressure in Alpha’s evaluation process allows newcomers to develop their skills methodically. While TradeDay offers more advanced technology and higher potential profit splits, Alpha Capital’s learning-focused approach, trader community, and lower-pressure environment make it more suitable for those still developing their trading skills and confidence.
Are the one-time evaluation fees worth it?
The one-time evaluation fees ($99-$999 depending on account size and provider) are generally worth it for serious traders when considering the potential returns from funded accounts. These fees essentially serve as an investment in accessing significantly larger trading capital than most individuals could personally risk. With profit splits ranging from 80-95%, successful traders can recoup their initial fee within the first few profitable trades on a funded account. However, traders should realistically assess their skills and trading history before committing, as evaluation pass rates across the industry average between 15-30%.
Can I use my existing trading strategy with both firms?
Most existing trading strategies can be applied to both Alpha Capital and TradeDay, but key differences in trading rules might affect performance. Alpha Capital allows more flexible trading conditions including weekend trading and overnight positions, making it better suited for swing trading and longer-term strategies. TradeDay’s superior execution speed benefits scalpers and high-frequency traders but restricts overnight positions on weekends. Both firms prohibit excessive risk-taking, arbitrage, and coordinate trading between accounts. Before committing, traders should review each firm’s specific trading rules and confirm their strategy is compliant with the respective platform’s guidelines.
How was this 2 companies Comparison Created?
1. We Collect
Our team gathered comprehensive data directly from Alpha Capital and TradeDay’s official websites, terms of service documents, and public materials. We supplemented this information by analyzing hundreds of verified user reviews from Trustpilot, TrustScore, and specialized trading forums. Additionally, we conducted interviews with current users of both platforms to capture real-world experiences and insights not covered in marketing materials. All pricing information was verified through multiple sources to ensure accuracy and currency.
2. We Examine
All collected information underwent rigorous verification by our team of professional traders and financial analysts. We created test accounts on both platforms to personally evaluate user experience, platform functionality, and customer service responsiveness. Technical claims about execution speed and platform reliability were independently tested over a 30-day period. When discrepancies were found between official statements and user experiences, we conducted additional research to determine the most accurate representation of each company’s services.
3. We Score
Our proprietary scoring system evaluates both firms across 15 weighted categories including evaluation fairness, funding terms, technology, customer support, educational resources, and cost effectiveness. Each category receives a score from 1-5 based on objective criteria established by our expert panel. These individual scores are then weighted according to their importance to the average trader’s success and combined to generate the final rating. Our methodology emphasizes performance metrics over marketing claims and prioritizes factors that directly impact trader profitability.
4. You Choose
This comparison provides data-driven insights to help you identify which platform aligns with your specific trading goals, experience level, and preferences. Consider your trading style, capital requirements, and risk tolerance when making your decision. We recommend prioritizing the evaluation criteria that most directly impact your trading strategy—whether that’s execution speed, account size options, or educational resources. Remember that even the highest-rated platform isn’t optimal for every trader. Take advantage of any available demo periods before committing financially.
