Alpha Capital

4.6
/5

Alpha Capital Group is a London‑based proprietary trading firm launched in November 2021. The company’s mission is to build a transparent environment where market analysts can trade with simulated capital and keep a large share of virtual profits. The firm has attracted over 100k active analysts and holds a 4.6/5 Trustpilot rating with many reviewers praising customer support and fast withdrawals.

Country
United Kingdom
CEO
Andrew Blaylock and George Kohler
Years in Operation
3
Promo Code
NOTION
10
%
grey-semi-circlenumbers-with-dial (1)
Challenge Price
$40 - $1,097
Account Size
5k - 200k
Profit Split
80%
Pros
Wide choice of plans and account sizes
High profit split
Flexible platforms
Transparent rules and drawdowns
Quick payouts
Scaling plan
Cons
Strict loss limits
Consistent trading requirement
Weekend holding restrictions
Lot‑size limits
KYC delays and risk interviews
High fees on larger accounts
Instruments
Platforms
cTrader
Trade Locker
DXTrade
MetaTrader5
Assets
Forex
Metals
Indicies
Payment Methods
Credit & Debit Cards
Crypto
Paypal
Payout Method
Riseworks
Bank Transfer
Wise
Commissions & Leverage

Daily drawdown

The daily loss limit is calculated as a percentage of starting balance/equity at 00:00 GMT+2. It ranges from 5 % for Pro 10 % and Swing plans, 4 % for Pro 8 % and Three plans, 3 % for Pro 6 %, and 4 % for Alpha One. Breaching the limit closes the account.

Overall drawdown

Most plans use a static drawdown based on the initial balance: 10 % (Swing and Pro 10 %), 8 % (Pro 8 %), 6 % (Pro 6 % and Three). The Alpha One plan uses a 6 % trailing drawdown that resets when the account has gained 6 %.

Profit targets

  • Pro 10 %: 10 % in phase 1 and 5 % in phase 2.

  • Pro 8 %: 8 % in phase 1 and 5 % in phase 2.

  • Pro 6 %: 6 % in both phases.

  • Swing: 10 % in phase 1 and 5 % in phase 2.

  • Three: 8 %, 4 % and 4 % across three phases.

  • One: 10 % single‑phase target.

Minimum trading days

Two‑step and three‑step evaluations require at least 3 trading days per phase. The Alpha One plan requires at least 1 trading day.

Max evaluation days

The help centre does not impose a time limit; traders can take as long as needed.

Consistency and best‑day rule

For on‑demand payouts, no single day’s profit may exceed 40 % of total profits and a minimum 2 % overall profit is required. Bi‑weekly payouts require at least US$100 profit and 5 trading days with genuine activity.

News trading

Traders can hold trades during economic news but must avoid opening or closing positions within the specified window. Pro and Three accounts require a two‑minute window around news; Swing accounts must leave trades open for at least two minutes if entered around news.

Weekend/overnight rules

  • Evaluation accounts may hold positions overnight and through weekends.

  • Funded Pro and Three accounts must close all trades by Friday before 19:55 GMT+2; Swing accounts may hold positions over weekends.

  • EAs and copy trading: Expert Advisors are allowed on MT5 only when pre‑approved; high‑frequency, latency arbitrage, group trading and signal‑copying are prohibited.

  • Lot size limits: Maximum lot exposure scales with account size; for example, the Pro plan allows roughly 2.5 lots on a US$5 k account and up to 40 lots on a US$100 k account.

Scaling rules

Once a qualified account grows by 10 %, traders may request scaling and an accompanying payout. Each scale adds 10 % of the initial balance, and after two scales the lot limit increases by 10 %; scaling can continue until the total virtual capital reaches US$2 million.

Trading Rules

Daily drawdown

The daily loss limit is calculated as a percentage of starting balance/equity at 00:00 GMT+2. It ranges from 5 % for Pro 10 % and Swing plans, 4 % for Pro 8 % and Three plans, 3 % for Pro 6 %, and 4 % for Alpha One. Breaching the limit closes the account.

Overall drawdown

Most plans use a static drawdown based on the initial balance: 10 % (Swing and Pro 10 %), 8 % (Pro 8 %), 6 % (Pro 6 % and Three). The Alpha One plan uses a 6 % trailing drawdown that resets when the account has gained 6 %.

Profit targets

  • Pro 10 %: 10 % in phase 1 and 5 % in phase 2.

  • Pro 8 %: 8 % in phase 1 and 5 % in phase 2.

  • Pro 6 %: 6 % in both phases.

  • Swing: 10 % in phase 1 and 5 % in phase 2.

  • Three: 8 %, 4 % and 4 % across three phases.

  • One: 10 % single‑phase target.

Minimum trading days

Two‑step and three‑step evaluations require at least 3 trading days per phase. The Alpha One plan requires at least 1 trading day.

Max evaluation days

The help centre does not impose a time limit; traders can take as long as needed.

Consistency and best‑day rule

For on‑demand payouts, no single day’s profit may exceed 40 % of total profits and a minimum 2 % overall profit is required. Bi‑weekly payouts require at least US$100 profit and 5 trading days with genuine activity.

News trading

Traders can hold trades during economic news but must avoid opening or closing positions within the specified window. Pro and Three accounts require a two‑minute window around news; Swing accounts must leave trades open for at least two minutes if entered around news.

Weekend/overnight rules

  • Evaluation accounts may hold positions overnight and through weekends.

  • Funded Pro and Three accounts must close all trades by Friday before 19:55 GMT+2; Swing accounts may hold positions over weekends.

  • EAs and copy trading: Expert Advisors are allowed on MT5 only when pre‑approved; high‑frequency, latency arbitrage, group trading and signal‑copying are prohibited.

  • Lot size limits: Maximum lot exposure scales with account size; for example, the Pro plan allows roughly 2.5 lots on a US$5 k account and up to 40 lots on a US$100 k account.

Scaling rules

Once a qualified account grows by 10 %, traders may request scaling and an accompanying payout. Each scale adds 10 % of the initial balance, and after two scales the lot limit increases by 10 %; scaling can continue until the total virtual capital reaches US$2 million.

Commissions

Commissions

On the Raw account type, Alpha Capital charges US$5 per 100 k (round‑turn) on FX and metal trades; indices and energy CFDs carry no commission. Standard accounts (larger spreads) have no commission.

Spreads

Spreads vary by asset and platform. PropFirmMatch reviewers praise the competitive spreads, noting minimal slippage and tight pricing.

Leverage

  • Pro (2‑step) plans: up to 1:100 on FX, 1:30 on metals, 1:20 on indices and 1:10 on oil.

  • Swing (2‑step) plans: 1:30 FX, 1:9 metals, 1:10 indices, 1:10 oil.

  • Three (3‑step) plans: 1:50 FX, 1:9 metals, 1:10 indices and 1:10 oil.

One (1‑step) plan:1:30 FX, 1:9 metals and 1:10 for indices and oil.

Payout Policy

Payout frequency

Qualified traders can choose bi‑weekly or on‑demand payouts. Bi‑weekly payouts are available for Pro and Three plans; the first payout requires five trading days and a minimum of US$100 profit. On‑demand payouts apply to Pro, Swing, One and Three accounts and require adherence to the 40 % best‑day rule and at least 2 % profit.

Payout methods

All requests are processed within two business days and paid via Rise (Riseworks), Wise or bank transfer. Traders must close all trades before requesting a withdrawal. Payouts are not sent directly in cryptocurrency, but crypto conversions can be performed via Rise.

Profit split

Qualified accounts earn 80 % of profits. If rules are breached, profits may be reduced or revoked.

KYC and verification

Alpha Capital verifies the payment card and KYC profile to prevent fraud. Reviewers note that KYC and risk interviews can delay payouts or lead to account suspension.

Key Benefits

Multiple evaluation formats

One‑step, two‑step and three‑step challenges let traders choose between quick funding and gradual progression, catering to both scalpers and swing traders.

Transparent risk parameters

Clear drawdown limits, profit targets and rule descriptions help traders plan their strategies and avoid hidden traps.

Zero‑commission trading

Commission‑free execution through ACG Markets reduces trading costs and improves potential profitability.

Flexible payout options

Bi‑weekly and on‑demand payouts give traders control over when to withdraw profits, with payments processed in as little as two business days.

Scaling opportunities

The ability to grow funded accounts by 10 % after achieving consistent profits allows dedicated traders to access up to $2 million in virtual capital.

Strong customer support

Trustpilot reviews highlight knowledgeable and responsive support staff who resolve issues quickly and assist with account questions.

User‑friendly platforms

Support for MT5, cTrader, DX Trade and TradeLocker, along with a modern dashboard and mobile app, provides flexibility and convenience.

Educational environment

The firm positions traders as “Analysts” and offers webinars, one‑on‑one risk reviews and a community to promote skill development.

Wide market access

Trading on major currency pairs, popular indices and precious metals provides diversification opportunities without unnecessary exotic products.

Community and transparency

Regular updates, milestone announcements and open communication foster trust and engagement among traders.

Final Verdict

Alpha Capital Group has quickly established itself as a reputable proprietary trading firm with a clear, trader‑centric ethos. Its suite of evaluation programmes allows individuals to choose between a fast‑track one‑step challenge or more conservative multi‑step approaches. The firm’s transparent rulebook, zero‑commission trading, wide platform support and responsive customer service create a supportive environment for both new and experienced traders. Trustpilot sentiment over the last three months is largely positive, with traders applauding smooth payouts and helpful staff; however, a few complaints about promotions and occasional payout delays show that it is not without flaws. Overall, Alpha Capital Group is a strong choice for traders seeking a balanced mix of flexibility, fairness and growth potential, particularly those comfortable with slightly stricter consistency rules and moderate leverage.

Coming Soon!

We're working on putting together our reviews. We'll let you know when it's been launched!

Coming Soon!

We're working on putting together our reviews. We'll let you know when it's been launched!

Coming Soon!

We're working on putting together challenges from all prop firms. We'll let you know when it's been launched!

Other restrictions

Age requirement

The site is intended for users 18 years or older.

Third‑party payments

Payments must be made using a card in the trader’s own name; third‑party payments are not accepted.

Prohibited strategies

Arbitrage, latency trading, high‑frequency trading, order‑book spamming and group trading are banned.

Coming Soon!

We're working on putting together announcements from all prop firms. We'll let you know when it's been launched!