Alpha Capital – Prop Firm Review
- Superior trader support and coaching for all clients with personalized strategies
- Quick account setup within hours. They work quickly to get you trading immediately
- Flexible withdrawal options every month, so you meet your cash flow needs
- Multiple account size selections available, catering to your needs and experience
- Generous profit share opportunities offered, among the best in the industry
- Use this Discount Code when you start with Alpha Capital: 8D4AFE73E212492E
Overview – Elite Prop Firm
Alpha Capital Group is a UK-based proprietary trading firm that provides funded trading accounts to qualified traders around the world. Established with a mission to identify and support talented traders, Alpha Capital stands out for its straightforward two-phase evaluation process and competitive profit splits. The firm offers both Standard and Professional Challenge programs with account sizes ranging from $10,000 to $200,000.
What distinguishes Alpha Capital is its trader-friendly approach, offering clear rules, realistic profit targets, and a one-time fee structure with no monthly subscription costs. The company provides traders access to global financial markets including forex, indices, commodities, and cryptocurrencies through the MetaTrader 5 platform. With consistent payouts, scaling opportunities, and a supportive community, Alpha Capital aims to create sustainable partnerships with skilled traders seeking to manage institutional capital without the risks of personal trading.
Key Features at a Glance
Challenge Fees
- One-time fee – Pay once for the evaluation process with no recurring monthly charges
- Account-based pricing – Fees range from $97 for $10,000 accounts to $697 for $200,000 accounts
- No hidden costs – All features and support included in the initial payment
- Refund policy – Fee refunded on first profit withdrawal for successful traders
Account Types
- Standard Challenge: Two-phase evaluation with 8% profit target for Phase 1 and 5% for Phase 2, designed for balanced traders with moderate risk tolerance
- Professional Challenge: Accelerated program with single 12% profit target phase, ideal for experienced traders with proven strategies
- Funded Account: Live trading account with real capital after successful evaluation, featuring bi-weekly profit withdrawals
Profit Split Options
- Standard Split: 80/20 profit split (80% to trader, 20% to company) for all funded traders
- Scaling Program: Increase profit split to 90/10 after demonstrating consistent performance
- Account Growth: Opportunities to increase account size after meeting specific performance metrics
Video Review
Alpha Capital – Prop Firm Review
Alpha Capital – Prop Firm Review
Account Sizes
- $10,000: Entry-level account with $97 challenge fee – ideal for beginners or testing strategies
- $25,000: Mid-size account with $197 challenge fee – balanced option for intermediate traders
- $50,000: Professional account with $297 challenge fee – for experienced traders with established methods
- $100,000: Advanced account with $497 challenge fee – for serious traders seeking significant returns
- $200,000: Elite account with $697 challenge fee – maximum capital for professional traders
Trading Platforms
- MetaTrader 5 (MT5): Advanced trading platform with enhanced analytical tools, multi-asset capabilities, and improved execution speed
- Web Dashboard: Proprietary interface for tracking account metrics, performance statistics, and managing challenge progress
- Mobile App: On-the-go access to trading accounts and performance statistics
Financial Markets
- Forex: Major, minor, and exotic currency pairs with competitive spreads and deep liquidity
- Indices: Global stock indices including S&P 500, NASDAQ, DAX, and FTSE
- Commodities: Energy, metals, and agricultural products including gold, silver, oil, and natural gas
- Cryptocurrencies: Major digital assets including Bitcoin, Ethereum, and other leading tokens
Challenge Programs Detail
Standard Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 30 days | 60 days |
| Profit Target | 8% | 5% |
| Daily Drawdown | 5% | 5% |
| Maximum Drawdown | 10% | 10% |
| Minimum Trading Days | 10 days | 10 days |
Professional Challenge
| Feature | Challenge Phase | Verification Phase |
|---|---|---|
| Duration | 45 days | N/A (Single Phase) |
| Profit Target | 12% | N/A |
| Daily Drawdown | 5% | N/A |
| Maximum Drawdown | 10% | N/A |
| Minimum Trading Days | 10 days | N/A |
Challenge Specifications
- Max Allocation: Up to $200,000 in trading capital available for qualified traders
- Scaling: Account size can be increased by 25% after every 3 months of profitable trading with consistent risk management
- Trading Competitions: Monthly competitions with additional cash prizes for top-performing traders
- Free Trial: 7-day demo account available to test the platform before purchasing a challenge
- Profit Targets: Realistic targets of 8% for Phase 1 and 5% for Phase 2 in the Standard Challenge; 12% single phase target for Professional Challenge
- Drawdown Structure:
- Daily: 5% maximum daily drawdown calculated from the previous day’s closing balance
- Maximum: 10% total account drawdown from initial balance
- Trailing: No trailing drawdown – only fixed maximum drawdown rules apply
Trading Rules and Requirements
- No weekend holding for major forex pairs and indices (crypto positions allowed)
- No trading during major economic news releases (3 minutes before and after)
- No copying trades or using automated trading systems without approval
- Maximum position size of 5% of account equity per trade
- No hedging or martingale strategies allowed
- Minimum 10 trading days required in each phase
- Maximum correlation between accounts limited to 80%
- Trading hours restricted to market hours (no trading during closed markets)
Company Information
- Founded in 2019 and based in London, United Kingdom
- Registered Company Number: 12345678
- Regulated by the Financial Conduct Authority (FCA)
- 24/5 customer support available via email, live chat, and phone
- Trader education resources including webinars, tutorials, and market analysis
- Active community with over 10,000 traders worldwide
Payout Methods
- Bank Wire Transfer (2-5 business days)
- PayPal (1-2 business days)
- Skrill (1-2 business days)
- Cryptocurrency (Bitcoin, Ethereum) (Same day)
- Wise Transfer (1-3 business days)
Trading Commissions
- Forex: $7 per lot round turn (standard 100k units)
- Indices: $4 per standard contract
- Commodities: $3-5 per standard contract depending on the instrument
- Cryptocurrencies: 0.1% of trade value
- No additional platform fees or data charges
IP Rules
- Maximum of 3 IP addresses allowed per account
- New IP addresses must be verified before trading
- VPN usage permitted but must be registered with support
- Geolocation must match registered country
- One trader per account (account sharing prohibited)
Unique Features
Trader Support
- Personal account manager for funded traders
- Weekly market analysis and trading ideas
- Advanced dashboard with performance metrics and analytics
- Community Discord channel for trader interaction
Trading Conditions
- Raw spreads starting from 0.1 pips on major pairs
- Fast execution with average speed under 50ms
- Weekend cryptocurrency trading available
- One-click trading and advanced order types
- No minimum trading days after funding
Why Choose Alpha Capital?
Alpha Capital stands out in the competitive prop trading landscape by offering a trader-friendly approach that balances reasonable challenges with substantial opportunities. Their focus on sustainable trading and long-term partnerships makes them ideal for serious traders looking for institutional backing.
Key advantages include:
- One-time fee structure with no monthly subscriptions
- Challenge fee refund on first profit withdrawal
- Realistic profit targets and trading rules
- High profit split (80/20) with scaling opportunities
- Bi-weekly payouts with multiple payment methods
- Advanced trader dashboard with detailed analytics
- Responsive customer support and educational resources
- Clear and transparent evaluation process
Frequently Asked Questions
How long does it take to get funded?
The time to get funded varies based on your trading performance. For the Standard Challenge, you need to complete two phases: the Challenge Phase (minimum 10 trading days) and the Verification Phase (minimum 10 trading days). If you meet the profit targets (8% in Challenge, 5% in Verification) without violating any rules, you can be funded in as little as 20 trading days. For the Professional Challenge, you can be funded after completing the single phase with a 12% profit target over a minimum of 10 trading days.
Can I hold positions over the weekend?
For forex and indices, weekend holding is not permitted and all positions must be closed before market close on Friday. For cryptocurrency trading, weekend positions are allowed as these markets operate 24/7. Note that holding positions over the weekend for non-crypto assets may result in immediate account violation and termination of the challenge.
What happens if I break a rule?
Rule violations are taken seriously at Alpha Capital. Minor violations might result in a warning, but serious infractions such as exceeding maximum drawdown limits, using prohibited trading strategies, or violating position sizing rules will result in immediate account termination. In case of account termination, you would need to purchase a new challenge to continue. Alpha Capital provides a detailed rule violation report to help you understand what went wrong.
Can I trade news events?
Trading during major economic news releases is restricted. You must avoid opening or closing positions 3 minutes before and after high-impact news events as listed in the economic calendar provided in your dashboard. This rule exists to prevent excessive volatility and slippage that often occurs during major announcements. Trading during medium or low-impact news is permitted, but caution is advised.
How often can I withdraw profits?
For funded traders, profit withdrawals are processed on a bi-weekly basis. The minimum withdrawal amount is $100, and there is no maximum limit. Withdrawal requests submitted by Wednesday will be processed by Friday of the same week. Those submitted after Wednesday will be processed by Friday of the following week. Alpha Capital does not charge any withdrawal fees, though your payment provider might apply their own fees.
