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

Challenge Price

$40 - $1,097

Standard

Account Size

5k - 200k

Above Avg

Profit Split

80%

Standard

Avg. Payout

14 days

Below Avg

Pros

Free retry on Phase 1

fail and restart without paying again

90% profit split

on scaling plan, above industry avg of 80%

14-day avg payouts

verified by TraderNotion research

Best for

Day traders with consistent strategy, MT4/MT5 users, traders who want proven reliability over lowest price

Cons

No weekend holding

all positions must close by Friday

News trading restricted

2 min buffer around high-impact restricted events

Higher prices

than budget competitors like Funding Pips

Look elsewhere if

You swing trade over weekends, trade news events, or need the cheapest option available

Prop Firm Overview

Platforms

cTrader

Trade Locker

DXTrade

MetaTrader5

Payment Methods

Credit & Debit Cards

Crypto

Paypal

Assets

Forex

Metals

Indicies

Payout Method

Riseworks

Bank Transfer

Wise

Restricted Countries

Afghanistan

Belarus

Burundi

Central African Republic

Chad

Cuba

Congo

Eritrea

Iran

Iraq

Libya

Myanmar

North Korea

Russia

Somalia

South Sudan

Sudan

Syria

Venezuela

Vietnam

Yemen

Crimea

Instrument Spread Data

Instrument

Typical Spread

Industry Average

Benchmark

Instrument

Typical Spread

Industry Average

Benchmark

1

EUR / USD

0.1 pips

0.6 pips

Above Avg

Standard

Below Avg

2

GBP/USD

0.3 pips

0.6 pips

Above Avg

Standard

Below Avg

3

USD/JPY

0.2 pips

0.6 pips

Above Avg

Standard

Below Avg

4

XAU/USD (Gold)

15 cents

0.6 pips

Above Avg

Standard

Below Avg

5

US30 (Dow Jones)

1.5 pts

0.6 pips

Above Avg

Standard

Below Avg

6

NAS100 (Nasdaq)

1.2 pts

0.6 pips

Above Avg

Standard

Below Avg

7

BTC/USD

$25.00

0.6 pips

Above Avg

Standard

Below Avg

Spreads shown are typical during London/NY session overlap (highest liquidity). Actual spreads vary by time, volatility, and account type. Data verified against the firm's official website and live spread monitoring tools.

Commission Structure

Instrument

Typical Spread

Spread type

Effective Cost

Instrument

Typical Spread

Industry Average

Benchmark

1

Standard

$0 (spread-included)

Variable, from 1.0 pips

~$8.00 per RT

Spread only, no commission

2

Raw Spread

$3.50 per side ($7.00 RT)

Variable, from 0.0 pips

~$8.00 per RT

Spread only, no commission

3

Pro / VIP

$3.00 per side ($6.00 RT)

Variable, from 0.0 pips

~$8.00 per RT

Spread only, no commission

Spreads shown are typical during London/NY session overlap (highest liquidity). Actual spreads vary by time, volatility, and account type. Data verified against the firm's official website and live spread monitoring tools.

Leverage by Asset Class

Forex Majors

1:100

EUR/USD, GBP/USD

Above avg

Forex Majors

1:50

EUR/GBP, AUD/NZD

Standard

Forex Majors

1:20

US30, NAS100, SPX

Below avg

Gold / Metals

1:20

XAU/USD, XAG/USD

Below avg

Oil / Energy

1:10

WTI, Brent, NatGas

Standard

Crypto

1:5

BTC, ETH, LTC

Below avg

Stocks CFD

1:5

AAPL, TSLA, AMZN

Below avg

Exotics

1:100

USD/TRY, EUR/ZAR

Above avg

Leverage varies by entity: Traders under EU (CySEC) or AU (ASIC) regulation are capped at 1:30 for forex majors due to retail client protections. The leverage shown above applies to the firm's international/offshore entity. Always confirm which entity you're trading under during account setup.

Quick Comparison

How FTMO compares to alternatives on key metrics at a glance

FTMO

4.5

/5

Price ($100k)

$540

Profit Split

80%

Payout Speed

$540

Trader Score

$540

FTMO

4.5

/5

Price ($100k)

$540

Profit Split

80%

Payout Speed

$540

Trader Score

$540

FTMO

4.5

/5

Price ($100k)

$540

Profit Split

80%

Payout Speed

$540

Trader Score

$540

Rules

Rule

Testing

Industry Average

Rule

FTMO

Industry Average

Daily drawdown

5%

10%

Max drawdown

10%

8-12%

Phase 1 profit target

10%

8-10%

Daily drawdown

5%

4-5%

Daily drawdown

4 days

3-5 days

Time limit

Unlimited

30-60 days

News trading

Restricted

Allowed

Unknown

30-60 days

Weekend holding

Restricted

Allowed

Unknown

30-60 days

EA / bots

Restricted

Allowed

Unknown

30-60 days

Consistency rule

None

30-60 days

Payout Journey Timeline

Est. 15-30 days

✅

Pass Evaluation

Both phases

1-2 days

📄

KYC verification

ID + proof of address

Min 4 trading days

📈

Funded account

Before first payout

Bi-weekly cycle

📋

Request payout

Every 14 cal. days

1-3 bus. days

💰

Receive funds

After approval

Payout Frequency

Bi-Weekly

Min. Payout

$50

Avg. Processing

1-3 days

Leverage varies by entity: Traders under EU (CySEC) or AU (ASIC) regulation are capped at 1:30 for forex majors due to retail client protections. The leverage shown above applies to the firm's international/offshore entity. Always confirm which entity you're trading under during account setup.

Payout Policy

Bank Transfer

1-3 bus. days

No fee, Min: $50

Above avg

Skrill

Same day

No fee, Min: $50

Standard

Crypto

2-12 hours

Network fee, Min: $50

Below avg

Payoneer

1-2 bus. days

No fee, Min: $50

Below avg

Payout Frequency

Bi-Weekly

Min. Payout

$50

Avg. Processing

1-3 days

Leverage varies by entity: Traders under EU (CySEC) or AU (ASIC) regulation are capped at 1:30 for forex majors due to retail client protections. The leverage shown above applies to the firm's international/offshore entity. Always confirm which entity you're trading under during account setup.

Payout Eligibility & KYC

Eligiblity Checklist

Passed both evaluation phases

Completed KYC verification

Traded minimum 4 calendar days on funded account

Account is in profit above the minimum payout threshold ($50)

No open positions at time of payout request

No active rule violations or pending review

KYC Documents Required

Government-issued photo ID

Proof of address (3 months)

Selfie verification

KYC is typically completed in 1-2 business days. Submit documents immediately after passing your evaluation to avoid delays on your first payout request.

Common payout rejection reasons: Open trades at time of request, account in drawdown (even if in overall profit), incomplete KYC, or payout amount below $50 minimum. Close all positions and verify your account status before submitting a payout request.

Challenges

Price

Account Size

Phase 1 Target

Phase 2 Target

Daily DD

Max DD

Min Days

Price

Account Size

Phase 1 Target

Phase 2 Target

Daily DD

Max DD

Min Days

1

$155

$10,000

10%

5%

10%

Buy

2

$250

$10,000

10%

5%

10%

Buy

3

$155

$10,000

10%

5%

10%

Buy

4

$155

$10,000

10%

5%

10%

Buy

Price

Account Size

Phase 1 Target

Phase 2 Target

Daily DD

Max DD

Min Days

Price

Account Size

Phase 1 Target

Phase 2 Target

Daily DD

Max DD

Min Days

1

$155

$10,000

10%

5%

10%

Buy

2

$250

$10,000

10%

5%

10%

Buy

3

$155

$10,000

10%

5%

10%

Buy

4

$155

$10,000

10%

5%

10%

Buy

Price

Account Size

Phase 1 Target

Phase 2 Target

Daily DD

Max DD

Min Days

Price

Account Size

Phase 1 Target

Phase 2 Target

Daily DD

Max DD

Min Days

1

$155

$10,000

10%

5%

10%

Buy

2

$250

$10,000

10%

5%

10%

Buy

3

$155

$10,000

10%

5%

10%

Buy

4

$155

$10,000

10%

5%

10%

Buy

Our Verdict

FundedNext earns a 92/100 and currently ranks 4th on our list of top prop trading firms. With both one-step and two-step evaluations, up to 95%...

Alpha Capital

Heading

Pros

Cons

Prop Firm Overview

Instrument Spread Data

Commission Structure

Leverage by Asset Class

Quick Comparison

Rules

Payout Journey Timeline

Payout Policy

Payout Eligibility & KYC

Challenges

Our Verdict

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