Alpine Funded - Prop Firm Review
- Swiss-registered CFD/forex prop firm (Alpine Funded GmbH, Cham) trading simulated capital — unregulated
- The binding Terms state Alpine Funded is not the funding provider — an unnamed third party decides funding and payouts
- The Peak: 80% base rising to 90% through scaling — earned, not sold. Unlimited time; fee refunded with your third payout
- Base Camp’s advertised “up to 100% split” is a fixed dollar cap — about 20% effective at Level 1
- Whether the trailing drawdown ever locks is not published anywhere; the news rule can breach you via a stop-loss
Alpine Funded: the short version
- What it is: a Swiss-registered CFD/forex prop firm (Alpine Funded GmbH, Cham) trading simulated capital on cTrader and MT5. Three lines: The Peak (2-step), The Base Camp (instant) and the Alpine Pass (a monthly subscription).
- The split: on The Peak, 80% base rising to 90% through the scaling plan — earned, not sold, which is the right way round. On Base Camp there is no percentage split at all: it pays a fixed dollar cap per level.
- The drawdown: Base Camp 3% daily / 5% overall on peak equity; Peak 4% daily / 8% overall on highest balance. Both trail. Whether they ever lock is not published anywhere.
- The catch: the binding Terms state that Alpine Funded is not the funding provider — an unnamed third party decides whether you are funded and paid, and Alpine disclaims liability for that decision.
- Cost: €59–€674 one-off on Peak/Base Camp (no recurring fee on either); the Alpine Pass is €119–€429 per month with a $40 fee on every payout.
- Best for: traders drawn to the Alpine Pass’s no-hard-breach model, or to Peak’s earned 90% — who read the third-party funding clause first and understand what “up to 100%” means on Base Camp.
Last reviewed: 15 July 2026. Checked against Alpine Funded’s official Terms & Conditions, help centre and pricing pages. Figures below reflect the products on sale at the time of review; prop firm rules change often, so always confirm on the firm’s own pages before you buy.
Company and regulation
Alpine Funded is operated by Alpine Funded GmbH, Sinserstrasse 67, 6330 Cham, Switzerland, Swiss company ID CHE-159.158.124. Swiss law governs, with jurisdiction at the company’s registered office. A Swiss registration is a step up from the Saint Lucia and Anjouan shells that populate much of this sector, and it is worth noting.
If you have seen the registration number “09213651” quoted for Alpine Funded on review sites, it is wrong — the Terms give CHE-159.158.124.
It is not regulated, and it says so: “Alpine Funded does not carry out any regulated activities… and consequently is not required to be authorized by the regulatory authority,” with the Terms adding “none of the Services qualify as investment services.” The site names B2Broker as its broker but gives no licence number, and in any case the broker is Alpine’s counterparty, not yours.
The accounts are simulated, stated bluntly in the Terms: “All trading is simulated and uses fictitious funds. No real trading or entitlement to monetary gains/losses occurs.” Credit where due — the homepage call-to-action itself says “trade with simulated capital,” which is more honest than most competitors manage.
The clause to read before you buy
Alpine Funded sells “Get Funded Instantly” and “Guaranteed Payouts within 24 Hours.” Its binding Terms say something rather different, and this is the most important paragraph in this review:
“The Customer acknowledges that the Provider (Alpine Funded GmbH) is not the funding provider. The final contract and any funding arrangement are offered solely by a third-party company, which exercises complete discretion in deciding whether or not to admit a Customer.” (§9.2)
“Successfully passing the Challenge and Verification does not guarantee entry into the funded program.” (§9.4)
The Terms go further: Alpine Funded has “no liability or influence over… the payout schedule, the decision to fund or terminate the Customer” (§9.3), and total liability is capped at the fee you paid (§11.6). The third party is never named anywhere on the site.
So the company advertising instant funding and guaranteed payouts states in its own contract that it does not fund you, does not control whether you are paid, and accepts no liability for either. That is not necessarily sinister — plenty of firms run a similar structure — but it is a material gap between the sales page and the contract, and you should know it exists before you spend.
The products and pricing
| Line | Structure | Targets | Daily / overall DD | Price ($10k → $200k) |
|---|---|---|---|---|
| The Peak | 2-step | 8% then 5% | 4% / 8% (balance) | €59 → €599 |
| The Base Camp | Instant, 10 levels | 5% per level | 3% / 5% (equity) | €89 → €674 |
| The Alpine Pass | Monthly subscription | 10% per cycle | 3% daily / 5% violation | €119–€429 per month |
Both Peak and Base Camp come in Standard and Swing variants (Swing allows news and weekend holding, but leverage drops from 1:100 to 1:30). Sizes run $10k to $200k. Peak’s challenge period is unlimited, and its fee is refundable with your third payout — both genuinely good.
The “50% OFF” is effectively permanent: archived snapshots of the firm’s own homepage show a headline discount running continuously since at least January 2025. The struck-through price is an anchor rather than a real prior price.
What “up to 100% profit split” actually means
The homepage advertises “Up to 90% Profit Share” in the hero and “Profit Split — Up To 100%” on the Base Camp table. Those need unpacking, because the two products work completely differently.
The Peak is straightforward and fair. You start at 80% and can reach 90% through the scaling plan — 10% growth over four months, at least two payouts, and a profitable final month. Crucially, the 90% is earned rather than bought. After the number of firms we have reviewed that sell you your own headline split at checkout, that deserves credit.
Base Camp has no percentage split at all. It pays a fixed dollar amount per level: “You will be paid 100% of that amount, and no further profit split is added.” The “100%” refers to 100% of a capped figure — not 100% of your profit. On a $200,000 Level 1 account, a 5% gain is $10,000 of simulated profit, and the published withdrawable figure is $2,000. That is an effective split of roughly 20% at the first level, improving as you climb.
The claim is technically defensible and, in our view, substantively misleading. If you are choosing Base Camp, ignore the percentage entirely and read the dollar table for your account size and level — to Alpine’s credit, that table is published in unusually concrete detail.
The Alpine Pass: a genuinely new idea
The newest line is worth attention because nothing else in the sector works quite like it. On the Alpine Pass, there are no hard breaches and you cannot lose the account: “Breaking a rule does not close your account. Instead, it results in a violation.”
Violations do not kill you — they demote your payout tier. Standard drops 500 → 250 → 150; Advanced 1,000 → 500 → 300; Pro 2,000 → 1,000 → 600. As the firm puts it: “Traditional challenges → mistake = no payout. Alpine Pass → mistake = reduced payout, but you still get paid.” There is also a Quick-Fix Reset — once demoted to the bottom tier, a 24-hour-only window to restore your full tier.
That inverts the whole prop model, from binary pass/fail to a graduated performance ladder. For a trader who has been ended by one bad afternoon, the appeal is obvious.
Be clear-eyed about the economics, though. It is a €119–€429 monthly subscription where the payouts are capped fixed sums, not a share of what you make, and there is a $40 fee on every payout — on an approved $500 payout you receive $460, an 8% haircut. It also demands 20 trading days plus 10 profitable days and 10% profit per cycle. The firm’s revenue is recurring; your upside is a fixed number. Whether that is a good trade depends entirely on how much you would otherwise have earned.
Drawdown, payouts and rules
Drawdown. Base Camp trails on your highest recorded equity (so unrealised losses count, intraday); Peak trails on highest balance. Both reset daily at 22:00 UTC. One important gap: nowhere on the site does Alpine state whether the trailing drawdown ever locks — at your initial balance, at breakeven, or at all. For a trailing-equity model that is the single most consequential parameter, and it is unpublished. Ask before you buy.
Payouts. Peak: first at 21 days from your initial trade, then bi-weekly, minimum 1%. Note the cap — 10% of balance or $10,000, whichever is lower, and profit above it is destroyed: “it will be lost as the account is reset to the initial balance after requesting a payout.” The cap applies per trader across all your accounts, not per account. Base Camp: needs 5% profit plus three profitable days, processed each Thursday — but your first two payouts are withheld and only paid alongside the third, unless you buy the On-Demand add-on. Payouts run through Rise, by crypto or bank transfer, typically in 24–48 hours.
News. This is the harshest rule here. On Standard accounts, opening or closing within five minutes either side of high-impact news is a hard breach — and “it does not need to be done manually,” meaning a stop-loss filling inside the window can end your account. Swing accounts are exempt. If you use stops and trade around data, buy Swing or trade elsewhere.
Other rules. Minimum days: Base Camp 3, Peak 5 per phase. No consistency rule on Base Camp or Peak (the Alpine Pass has a 30% rule). Lot caps apply when you enter without a stop; with a stop, the cap is 3% total risk. Weekend holding is allowed on Peak Standard but not on Base Camp Standard — despite the homepage’s Base Camp table saying otherwise. EAs are permitted with restrictions; grid, martingale, HFT and cross-account hedging are not. Thirty days of inactivity fails the account.
A word on the documentation
Alpine’s Terms make its FAQ legally binding: “These FAQ entries are legally binding and form an integral part of this agreement.” That is unusual, and it matters here, because the help centre currently contradicts itself in several places that are live today: the “gambling” hold-time is one minute in one article and two in another; Base Camp’s overall drawdown is described as 5% and 3% in the same bullet; the profit split appears as 95% in one article and 100% in another; maximum allocation is $400,000 in the help centre and $200,000 in the Terms.
These are not just sloppy copy — by the firm’s own clause they are contradictory contract terms. Where the help centre and the Terms disagree, the Terms are the safer assumption.
Verdict
There is a lot to like in the design. Peak’s 90% split is earned rather than sold, the challenge period is unlimited, the fee is refundable with your third payout, there is no consistency rule on either main line, and the Base Camp payout tables are published with unusual precision. The Alpine Pass is a genuinely novel idea — a model where a mistake costs you money rather than your account. And the Terms are honest where it counts: they say “simulated” out loud.
What gives us pause is the distance between the sales pages and the contract. The firm advertises instant funding and guaranteed payouts while its Terms state it is not the funding provider and disclaims control over whether you are paid. Base Camp’s “up to 100% split” is a fixed dollar cap worth about 20% at the first level. Peak’s payout cap destroys profit above the threshold. The news rule can end an account through a stop-loss you did not manually trigger. And because the Terms make the FAQ binding, the live contradictions in the help centre are contract terms that disagree with each other.
Its Trustpilot sits at 3.5 out of 5 across 948 reviews — but the shape matters more than the number: 54% five-star against 33% one-star, with very little in between. That barbell usually signals a product that works well for some and fails hard for others, which is consistent with everything above.
Worth considering for the Peak line or the Alpine Pass concept, provided you read clause 9.2 first and treat the Base Camp percentage claim as marketing.
Frequently Asked Questions
Is Alpine Funded regulated?
No. Alpine Funded GmbH is registered in Cham, Switzerland (company ID CHE-159.158.124), but states plainly that it does not carry out regulated activities and is not required to be authorised by a regulatory authority. Its Terms add that none of its services qualify as investment services. Note that the registration number 09213651 circulating on review sites is incorrect.
Does Alpine Funded actually fund you?
Its binding Terms say Alpine Funded is not the funding provider. Clause 9.2 states that funding is offered solely by a third-party company which exercises complete discretion over whether to admit you, and clause 9.4 confirms that passing the challenge does not guarantee entry into the funded program. Alpine also disclaims liability for the payout schedule and the decision to fund or terminate. That third party is not named anywhere on the site.
What is the Alpine Funded profit split?
On The Peak, you start at 80% and can reach 90% through the scaling plan, which requires 10% growth over four months, at least two payouts and a profitable final month. The 90% is earned rather than bought, which is a genuine positive. On Base Camp there is no percentage split at all — it pays a fixed dollar cap per level, so the advertised “up to 100%” means 100% of a capped figure, not of your profit.
What does Base Camp actually pay?
A fixed dollar amount per level rather than a share of your profit. On a $200,000 Level 1 account, a 5% gain produces $10,000 of simulated profit but the published withdrawable figure is $2,000 — an effective split of roughly 20% at the first level, improving as you climb the ten levels. Read the dollar table for your size and level rather than the headline percentage.
What is the Alpine Pass?
A monthly subscription (EUR 119 to EUR 429) with no hard breaches — you cannot lose the account. Breaking a rule creates a violation that demotes your payout tier rather than closing you down, and a 24-hour Quick-Fix Reset can restore your tier. Payouts are fixed sums rather than a profit share, a $40 fee applies to each one, and each cycle requires 20 trading days, 10 profitable days and 10% profit.
Does the Alpine Funded drawdown lock?
This is not published anywhere on the site. Base Camp trails on your highest recorded equity (3% daily, 5% overall) and Peak trails on highest balance (4% daily, 8% overall), both resetting at 22:00 UTC, but whether the trailing floor ever locks at your initial balance or breakeven is not stated. For a trailing-equity model that is the most consequential unpublished parameter, so it is worth asking support directly.
What is the Alpine Funded news rule?
On Standard accounts, opening or closing a position within five minutes either side of high-impact news is a hard breach. Critically, the firm states it does not need to be done manually — so a stop-loss filling inside the news window can end the account. Swing accounts are exempt from this restriction.
Are Alpine Funded accounts simulated?
Yes. The Terms state that all trading is simulated and uses fictitious funds, with no real trading or entitlement to monetary gains or losses. To the firm’s credit, its homepage call-to-action openly says you trade with simulated capital, which is more forthcoming than many competitors.
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