Alpha Capital Review for 2025: Comprehensive Insights

Last Updated: September 14, 2025

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Alpha Capital Group has emerged as a prominent prop trading firm, offering traders the chance to trade company funds in exchange for a share of the profits. Founded in 2021 and based in London, this firm has rapidly grown to serve a large global community of traders. In this 2025 review, we’ll explore everything you need to know – from what Alpha Capital is and its account options, to its rules, platforms, payout system, and whether it’s the right prop firm for you

Key Takeaway:

• Account Sizes: $5K – $200K, scale up to $2M.
• Profit Targets: One-Step 10%; Pro/Swing 8–10% → 5%; Three-Step 8% → 4% → 4%.
• Profit Split: 80% to traders, on-demand or bi-weekly payouts.
• Rules: No time limit, daily loss 4–5%, max loss 6–10%.
• Trading Setup: Zero commissions, MT5/cTrader/DXtrade/TradeLocker, weekend holds on most plans.

What is Alpha Capital?

Alpha Capital Group is a UK-registered proprietary trading firm that provides “funded” trading accounts to individuals after they complete an evaluation challenge. In simple terms, traders can prove their skills through a demo trading assessment, and upon success, receive a funded account to trade real markets without risking their own capital. Alpha Capital refers to its traders as analysts and aims to empower them with an institutional-grade trading environment and supportive resources. The company prides itself on zero-commission trading, no time limits on evaluations, and one-on-one risk coaching to help traders succeed. With over 100,000 active community members monthly and more than 1.2 million traders having engaged with the firm, Alpha Capital has quickly become a major player in the prop trading industry.

What are Alpha Capital’s Account Sizes?

Alpha Capital offers a range of account sizes to fit different budgets and skill levels. Traders can choose evaluation accounts denominated in USD (or other major currencies) from as low as $5,000 up to $200,000 in virtual funding. Successfully passing an evaluation on any of these account sizes grants you a Qualified Analyst Account (funded account) of the same size for live trading with the firm’s capital.

Available Account Size Options: $5,000, $10,000, $25,000, $50,000, $100,000, and $200,000. Regardless of the size you choose, all accounts have no maximum time limit to complete the evaluation – you can take as long as needed to hit the profit target, which is a huge advantage in reducing pressure.

Each account size carries a one-time assessment fee (covered in the Pricing section) and comes with proportionally scaled profit targets and loss limits. Notably, all account sizes are eligible for Alpha Capital’s scaling plan (discussed later), which means even a $10K or $50K account can be grown to six figures over time through consistent profits.

As you can see, the challenge fees start at around at $50 for the smallest accounts and go over $1,000 for a $200K account. Interestingly, Alpha Capital’s one-step (Alpha One) and standard two-step (Alpha Pro with 10% target) challenges are priced roughly the same for each account size, while the Swing and easier Pro variant (8% target) are a bit more expensive due to their more lenient conditions. The three-step challenge is the most affordable option for larger accounts (e.g. only $697 for a $200K three-step) because it requires the most stages to get funded.

Pros and Cons

When considering the firm, it's essential to weigh its advantages and limitations to assess if it aligns with your trading approach and goals.

What Can You Trade With Alpha Capital?

Alpha Capital Group provides access to a diverse range of popular markets, allowing traders to implement various strategies. You can trade Forex, stock indices, and commodities on their platform. Specifically, Alpha’s instruments include:

• Forex: All major and minor currency pairs (e.g. EUR/USD, GBP/JPY, etc.), and even some exotics. The forex market is the core offering, giving you 24/5 access to deep liquidity.
• Indices: Global indices like the US30 (Dow Jones), US500 (S&P 500), NAS100 (Nasdaq), UK100 (FTSE), EUSTX50 (Euro Stoxx 50), GER30 (DAX), JPN225 (Nikkei), HK50 (Hang Seng), and others representing major economies. These let you trade broad equity market moves around the world.
• Commodities: Key energy and metal products such as USOIL and UKOIL (Crude Oil), and metals like gold and silver. This provides opportunities to trade commodity price swings or hedge inflation risks.

One notable omission is cryptocurrencies – they are not listed among the available instruments on Alpha Capital’s site. So if you’re a crypto trader, that’s a limitation to consider. Additionally, stocks (equities) are not mentioned, implying individual company shares are likely not tradable either. The focus is on the high-volume, liquid markets mentioned above, which suits most forex and CFD traders.

What are Alpha Capital’s Trading Platforms?

One of Alpha Capital’s strengths is the variety of trading platforms you can use to execute trades. The firm currently supports four major platforms, ensuring compatibility with different trading styles and preferences:

• MetaTrader 5 (MT5): The industry-standard trading platform for forex and CFDs. MT5 offers a user-friendly interface, advanced charting tools, and supports automated strategies via Expert Advisors (EAs). Alpha Capital’s MT5 platform allows the use of EAs and custom indicators, which is great for algorithmic traders. (Note: U.S. residents cannot use MT5 with Alpha Capital due to regulatory restrictions)
• cTrader: A modern trading platform known for its sleek design and advanced order capabilities. cTrader provides features like level-II pricing, detachable charts, and cAlgo for algorithmic trading in C#. Many traders prefer cTrader for its transparency and direct ECN access feel. (Also not available to U.S. traders on Alpha – non-US only).
• DXtrade: A professional multi-asset platform offering a customizable interface and robust risk management tools. DXtrade is accessible via web and mobile, delivering an institutional experience. U.S. clients of Alpha Capital are required to use DXtrade (or TradeLocker) as their platform, since MetaTrader and cTrader are restricted in the U.S. market.
• TradeLocker: A newer web-based trading platform integrated with Alpha Capital’s system. TradeLocker provides an easy onboarding experience for traders and includes essential charting and trading functions. This platform is available for U.S. traders as an alternative, and for others who want a simplified, browser-based trading experience.



Each platform connects to Alpha Capital’s liquidity through ACG Markets, ensuring fast execution and reliable price feeds. Notably, US-based traders are limited to using DXtrade or TradeLocker – if you travel to the U.S., you are instructed not to use your MT5 or cTrader account while there. This is an important consideration for compliance.

Alpha Capital Reviews: Who Is It For?

Based on its features, Alpha Capital is best suited for traders who:

• Want No Time Pressure: If you prefer to trade methodically without a 30-day stopwatch hanging over you, Alpha Capital’s no deadline policy in evaluations is ideal. It allows swing traders and those with day jobs to progress at their own pace.
• Are Disciplined and Consistent: Traders who have solid risk management and consistency will thrive under Alpha’s rules. The firm’s consistency rule (no outsized one-day gains) rewards those who can produce steady gains rather than one-hit wonders. If you are a consistent performer aiming to grow your equity curve gradually, Alpha Capital is aligned with that philosophy.
• Appreciate Guidance and Community: If you value learning and feedback, Alpha provides resources like one-on-one performance reviews for failed challenges, an educational knowledge base, and a large Discord community of peers. Newer prop traders who want more than just “here’s your account, good luck” will find a supportive environment here.
• Trade Forex, Indices, or Commodities Actively: Alpha Capital is tailored for active traders of forex and CFDs who will utilize the 1:100 leverage (on some plans) and take advantage of the zero commissions. Day traders, scalpers, and swing traders in these markets can all fit – just note that ultra-high-frequency or news spike strategies might conflict with some rules (like the news trading window or 2-minute trade duration rule on Swing accounts).
• Plan to Scale Up Over Time: If your goal is to manage a large amount of capital eventually, Alpha’s scaling plan up to $2 million provides a clear path. Traders who treat prop trading as a long-term endeavor (compounding earnings, scaling account size) will benefit from the growth opportunities here.



On the other hand, Alpha Capital might not be the best fit for those who trade very rarely (since you do need to hit profit targets eventually) or those who want to trade exotic assets like crypto or individual stocks. It’s also challenging for “go big or go home” gamblers – the rules will catch you. But for the serious, strategy-focused trader, Alpha Capital Group offers a well-rounded prop trading experience.

What Is The Alpha Capital Leverage?

Leverage at Alpha Capital depends on which evaluation plan and asset class you are trading. The firm sets sensible leverage limits to encourage risk control. Here’s a breakdown:

• Alpha One (1-Step) and Alpha Swing (Swing 2-Step) Accounts: These plans offer a maximum leverage of 1:30 on forex (meaning you can trade positions up to 30 times your account balance on currency pairs). Other asset classes have lower leverage: typically 1:10 for indices and oil, and around 1:9 for metals. This relatively moderate leverage is by design, since the One and Swing accounts allow other freedoms like holding trades over weekends. The reduced leverage helps mitigate risk from gap openings and longer-term positions.
• Alpha Pro (Standard 2-Step) Accounts: The Pro plan provides higher leverage, up to 1:100 on forex pairs. This is quite generous and allows aggressive intraday strategies if used wisely. However, note that not every asset is 1:100 – for example, indices might be capped around 1:20, metals 1:30, and oil 1:10 under the Pro plan. Essentially, Pro accounts get the highest leverage on the most liquid assets, giving day traders plenty of buying power.
• Alpha Three (3-Step) Accounts: These accounts offer up to 1:50 leverage on forex, with similar or lower ratios for other assets (metals ~1:9, etc.). This sits between the Pro and One accounts in terms of leverage.



It’s worth emphasizing that leverage is a double-edged sword – while Alpha Capital gives up to 1:100, you don’t have to use it all. Risk management is key, especially given the drawdown limits. The firm also imposes maximum lot size limits per account size to prevent traders from opening excessively large positions relative to their account (for example, a $100K account has a max exposure of 40 lots on the One/Pro plans). These lot caps scale with account size and differ slightly by plan.

Alpha Capital’s Payout System

Alpha Capital Group offers a flexible payout system with an emphasis on rewarding consistent performance. Here’s how it works:

• Profit Split: As a funded trader (Qualified Analyst), you keep 80% of the profits you generate, while Alpha Capital retains 20% as the firm’s share. This 80/20 profit split is applied on all payouts. Notably, there is potential to increase your earnings via scaling (since a larger account means your 80% is from a bigger pie) and possibly via longevity bonuses (Alpha does not currently boost the percentage itself beyond 80%, unlike some firms that go up to 90%, but see the Performance Fee bonus note below).
• Payout Frequency: Alpha Capital allows on-demand payouts, meaning you can request a withdrawal at virtually any time, rather than on a fixed bi-weekly or monthly schedule. This is a great feature for traders – you don’t have to wait till end of month or a set date to get your money. However, there are two conditions you must meet to request a payout at will: (1) the 40% Best Day Rule (consistency requirement) and (2) at least 2% of the account’s profits remaining in the account after withdrawal. These are explained shortly in the Consistency Rule section. If those conditions are satisfied, you can withdraw anytime and as frequently as you like.
• Default Payout Schedule: For traders who don’t use the on-demand option, Alpha historically offered bi-weekly payout cycles (every 14 days) after the first month. In fact, if you opt for on-demand payouts, you cannot also get scheduled bi-weekly payouts – your account basically switches to the on-demand system entirely. Many traders prefer on-demand for flexibility. But if one prefers a routine, bi-weekly withdrawals can be arranged (subject to meeting any minimum profit thresholds, typically at least 2% profit).
• Withdrawal Methods: Alpha Capital pays out via convenient methods such as Wise (TransferWise), direct bank wire transfers, and fintech services like Rise. This ensures both domestic and international traders can receive funds relatively quickly. They aim to process performance fee withdrawals within 1–2 business days once approved – ensuring you get your profits in hand without long waits.
• First Payout and Fees: When you earn your first payout, note that Alpha Capital does not refund your challenge fee (unlike some prop firms). Instead, they operate with the assumption that the evaluation fee is the cost of the opportunity. There is a small perk: on your fourth payout, they will give a “Performance Fee bonus” equal to 0.25% of your initial account size as a reward for longevity. For example, on a $100K account, on your fourth withdrawal you’d get an extra $250. It’s not a full fee refund by any means, but a token bonus. Additionally, Alpha does not charge any internal fees on payouts; you keep 80% and the transaction costs (if any) are minimal or just what the payment processor might charge.

Requesting a Payout: To actually withdraw profits, you’ll use the Alpha Capital dashboard. You must close all trades, then put in a performance fee request for the desired amount. If your account meets the consistency criteria (e.g. no single day made over 40% of total profits) and you leave 2% profit in the account, the request will be approved and processed typically within two business days. If you accidentally violate a rule prior to payout (say you overshot the drawdown), the payout could be denied and profits might be adjusted, so always double-check you’re in compliance at withdrawal time.

Alpha Capital’s Pricing Information

We touched on challenge fees earlier; here we’ll detail the pricing structure and what your fee includes (or doesn’t include):

• Evaluation Fee: Joining Alpha Capital requires a one-time assessment fee which depends on the account size and plan you choose. The fees range from $40-$50 for a $5k account up to $997 for a $200k account, as shown in the table above. These fees cover the cost of both evaluation phases (if applicable) and the administration of setting up your accounts. Importantly, this fee is non-refundable, even if you pass the evaluation. Think of it as the price of admission to the program. (Alpha Capital, unlike some competitors, does not return this fee with your first payout – instead they offer a small bonus after several payouts, as discussed.)
• Free Trial: Before paying any fee, you actually have the option to try a Free Trial account. Alpha Capital offers a free demo challenge that mimics the real evaluation conditions – same profit target (10%), same drawdowns (5% daily, 10% max), and even 1:100 leverage – just to let you gauge the difficulty and test their platform connectivity. You can choose a free trial size of 50k, 100k, or 200k, and you get up to 30 trading days to attempt the 10% target. While you won’t earn a funded account from the trial alone, it’s a helpful risk-free way to experience Alpha Capital’s environment before committing to a paid challenge.
• What the Fee Includes: Upon paying and starting, the fee includes access to the trading platform (with real-time data), the evaluation account with virtual funds, and support resources (you can ask support for help, use the knowledge base, etc.). If you pass the evaluation, there is no additional charge to receive your funded account – it’s all covered by that initial fee. You’ll also be invited to sign the trader agreement (no cost) and go through KYC verification. Essentially, the fee is the only out-of-pocket cost to get started, and there are no monthly seat fees or software fees thereafter.
• Discounts/Promotions: Alpha Capital occasionally runs promotions or competitions that can reduce your cost. For example, they have run monthly trading competitions where winners get a free funded account (thus bypassing the fee). They also sometimes share discount codes via affiliates or social media for a percentage off the challenge fee. As of 2025, it’s wise to keep an eye on their official Discord or Instagram for any active promo codes. But in general, budget for the full fee as listed.
• Value for Money: While the upper-tier fees seem high, consider that a $100K account with 80% profit share can pay for that ~$500 fee with just one or two good trades once you’re funded. The potential far outweighs the cost if you have the skill to pass. Additionally, Alpha Capital’s fee is in line with industry standards for similar features – for instance, a $100K two-step challenge at FTMO or My Forex Funds is also in the $500 range. Alpha distinguishes itself by not pressuring you with a time limit, which for many is worth the price.
  

What are Alpha Capital’s Evaluation Rules and Goals?

To get funded by Alpha Capital, you need to complete their trading evaluation while adhering to specific rules and hitting profit targets. The exact rules vary slightly by which plan you choose (1-step, 2-step, Swing, or 3-step), but let’s break down the general evaluation phase rules and the goals you must achieve. Then we’ll cover what rules apply once you’re funded (Qualified account rules).

Evaluation phase rules:

During the evaluation (also called the Trading Assessment), your objective is to demonstrate profitable trading without violating risk limits. Here are the core rules across Alpha Capital’s challenges:

• Profit Target: This is the percentage gain you must achieve on the account to pass the evaluation. For one-step challenges, the target is +10% of the starting balance. For two-step challenges, it’s typically +8% in Phase 1 and +5% in Phase 2 (in the standard version) – or +10% in Phase 1 for the alternate version of the 2-step. The Swing account also uses 10% and 5% targets for its two phases. The three-step challenge requires smaller gains: +8% in Phase 1, +4% in Phase 2, +4% in Phase 3. Each phase’s target is based on the initial account balance. You must hit the target without breaching any loss rules to advance (or to pass, if it’s the final phase).
• Maximum Loss (Overall Drawdown): This is the total drawdown allowed from the starting balance. In two-step, Swing, and three-step evaluations, this is a static 10% max loss on most accounts (or 8% in some 2-step variants). For example, on a $50K account with 10% max loss, falling below $45,000 equity at any point would fail the challenge. The Alpha One (1-step) is a bit different – it uses a 6% “trailing” max drawdown. Trailing means as your account makes new highs, the loss limit moves up accordingly (always 6% behind your highest balance) until it caps at the starting balance once you’ve gained 6%. In practical terms, a $100K one-step account will initially have a cut-off at $94K (6% down). If you grow to $106K, the drawdown limit “trails” up to $100K and then never moves further (effectively becoming a static breakeven stop). All in all, you cannot hit or exceed the max loss at any time or the evaluation is over.
• Daily Loss Limit: All evaluations also have a daily drawdown limit to prevent excessive losses in a single day. Typically, this is set at 4-5% of the account. For example, on the one-step and three-step, the daily loss limit is 4%; on the two-step Pro (10% target version) it’s 5% (and 4% on the 8% target version); on the Swing account it’s 5%. The exact calculation usually looks at the highest equity/balance of the day and ensures you don’t drop more than X% from it. In other words, if you have open trades, unrealized losses count – you need to manage risk so that at no point does your equity curve dip beyond the daily limit relative to the day’s starting balance or peak. Breaching the daily loss is an instant failure.
• Minimum Trading Days: Alpha Capital enforces a very small minimum number of trading days to prevent someone from passing with one lucky trade. The requirement is at least 1 trading day for the Alpha One (so you can actually pass in a single day if you hit the 10%), and minimum 3 trading days in each phase for the two-step, swing, and three-step challenges. A “trading day” counts as a day where you’ve opened and closed at least one trade. These minima are easily achievable – they’re just there to ensure some activity and not purely a fluke trade. There is no maximum number of days – you could take 100+ days if needed.
• Allowed Trading Strategies: Alpha Capital is quite accommodating on strategies during the evaluation. You are allowed to hold trades overnight on all challenge types (there’s no rule against overnight in any phase). You can hold over the weekend as well for most accounts – specifically, on One, Swing, and Three-step accounts, weekend holding is allowed even in evaluation. The only exception is the Pro (2-step) challenge: they allow weekend holding during Phase 1 and 2 as well, so actually all evaluations allow weekends, but once funded the Pro accounts restrict weekends (more on that soon). News trading is also permitted in evaluations, with small caveats: you must avoid opening or closing trades in a short window around major news releases (5 minutes before/after for Alpha One & Three, 2 minutes for Pro & Swing). Essentially, don’t try to game the news spike by clicking right at the release – but you can hold trades through news and you can trade news after that brief window. Scalping, hedging, martingale, etc., are not explicitly banned, but arbitrage or “gambling” strategies that exploit server glitches or consistently make most profits in a few seconds might be flagged (Alpha has a policy against gambling-like behavior). If you just trade normally, you should be fine.
• Reset/Retry Policies: If you violate a rule or fail to reach the profit target, the challenge is considered failed. Alpha Capital does not offer free resets or retries just because you didn’t hit the target in time (since there’s no time limit anyway). However, if you haven’t broken any rules and your evaluation is in profit (but not yet at target), they will allow you to continue as long as needed – there is no monthly cutoff. If you do violate a rule, you’d have to purchase a new challenge account if you want to try again. They occasionally have discounts for second attempts via support, but officially the fee is per attempt.

Qualified account rules:

Congratulations – you passed the evaluation! Now you have a funded account (which Alpha calls a Qualified Analyst Account). While the pressure of profit targets is gone, you must continue to abide by certain rules to keep your account and be eligible for payouts. Here are the main rules and conditions for qualified accounts:

• No Profit Target: Once funded, there is no profit target or minimum profit requirement on your account. You don’t have to hit 5% a month or anything – you simply trade and can withdraw profits whenever (as long as you meet the consistency rule for that withdrawal). Of course, to get a payout you need to be in profit overall, but there’s no specific percentage you must reach or time-based goal.
• Drawdown Limits Remain: The maximum drawdown and daily loss limits still apply to your funded account, and in fact they are usually the same values as in the evaluation. For instance, if your evaluation had a 10% static max loss and 5% daily, those remain your risk limits as a funded trader. If you were in a one-step with a trailing 6%, your funded account likely continues with a trailing drawdown until it locks at breakeven similarly. Essentially, you must preserve the account by not losing beyond those thresholds – a hard breach of the max loss or daily loss will result in losing the funded account (just like failing a challenge). So risk management is just as important after funding. The account does not magically become “invincible” capital – you have to protect it.
• Payout Consistency Rule: The big addition at the qualified stage is the Consistency Rule (40% Best Day Rule). Alpha Capital mandates that your profits be relatively consistent before you can withdraw them. In practice, this means no single trading day’s profit should account for 40% or more of your total profits at withdrawal time. If it does, you need to accumulate more profits (spread over other days) before you can take a payout. For example, if in your first week you have one huge day of +$1,000 and a couple of smaller days adding +$500, your best day is $1,000 out of $1,500 total, which is ~66% – too high, so you’d need to trade more and bring total profit say to $2,500+ so that $1,000 is 40% or less. This rule ensures you aren’t just lucky on one day; it encourages sustainable trading. Alpha’s dashboard actually shows a “consistency score” to help you monitor this (best day profit / total profit). As soon as that score is below 0.40 (40%), you’re eligible to withdraw. If it’s above, keep trading to diversify your gains. We’ll discuss Daily Loss Guard next, which is another risk measure for funded accounts.
• Weekend and News Rules: At the funded stage, Alpha Pro accounts are not allowed to hold trades over the weekend (positions must be closed by Friday market close). This is a stricter rule that kicks in only for funded two-step accounts, likely for risk management of gap risk. By contrast, Swing, One-step, and Three-step funded accounts can hold over weekends freely – which is logical since those were designed for swing/long-term trading. News trading on funded accounts follows the same brief restriction windows as evaluation: avoid opening/closing in the 2-5 minute window around high-impact news on the affected instrument. Additionally, very short trades may be disallowed on some accounts once funded – for example, a 2-minute minimum trade duration is mentioned for Swing accounts even during news (to prevent quick in-and-out around events). Generally, just continue to trade normally and ethically as you did to pass the test.
• Scaling Eligibility: On a qualified account, if you achieve a 10% profit on the starting balance (without breaching rules), you become eligible to request a 10% increase in your account allocation. This is the scaling plan in action. Note that you don’t automatically get scaled; you typically need to request it and show you’ve met the criteria (e.g., perhaps a minimum timeframe or number of payouts – but Alpha’s documentation implies it’s purely hitting 10% growth). You can repeat this scaling process until you reach the maximum of $2M in combined funding. So, a disciplined approach on a $100K account could see it scaled to $110K, then $121K, and so forth. Importantly, all the same rules (drawdown is still based on original balance unless they adjust it proportionally, which they often do when scaling) and consistency requirements still apply as you scale.
• Behavior and Support: If a rule is broken on a qualified account, the general consequence is loss of that account and any unpaid profits. However, Alpha Capital has a Risk Management intervention system: for example, if one’s trading is deemed overly risky or “gambling,” they might move the account to a Risk Management Group for closer monitoring. This is not common, but it’s part of their terms to ensure longevity of capital. On the positive side, qualified traders can interact with Alpha’s team (risk analysts) for feedback, and you remain part of the community for ongoing support and education.

What are Alpha Futures' Scaling Plans?

Alpha Capital’s scaling plan is a highlight for traders looking to grow their account beyond the starting size. The idea is to reward profitable traders by boosting their account balance, giving them more capital to trade with (and thus the opportunity to earn larger absolute profits, since 80% of a bigger number is bigger!). Here’s how the scaling plan works:

• Scale-Up Trigger: Each time you achieve a 10% profit on your funded account (relative to the initial balance), you become eligible for a scale-up. For example, say you have a $50,000 account – once you’ve made $5,000 profit (bringing the account to $55,000 if you hadn’t withdrawn, or you made $5k and withdrew some, etc.), you can request a 10% increase in your account. If approved, your new account balance would be $55,000. Similarly, a $100K account would need $10K profit to scale to $110K, and so forth.
• Scale Amount: The account increase is 10% of the original account size each time. It’s not compounding on the new balance; it’s based on the starting balance. So the increments are linear. A $100K account goes to $110K, then $120K, etc., not 110 then 121. This means after one scale your profit target for the next scale remains the same dollar amount as before (still $10K on that $100K base, even though your balance is $110K now – effectively less than 10% of current, only ~9% of $110K). This actually makes subsequent scales a tad easier percentage-wise.
• Maximum Funding Cap: The scaling plan can continue until you reach a total of $2,000,000 in allocated capital. This cap is across all accounts and scales. Practically, most traders start with something like $50K or $100K, so hitting $2M would take multiple scale-ups or possibly combining multiple accounts (Alpha allows you to have multiple funded accounts up to a certain combined limit, which their help says is $400K per trader per plan to start). But $2M is the upper ceiling for any individual’s funding. At that level, a 10% profit is $200K, so that’s substantial firepower.
• Criteria and Timeline: Alpha Capital does not impose a time minimum to be eligible for scaling apart from achieving the profit. Some firms require, say, 4 months of profits; Alpha’s documentation suggests it’s purely profit-based. However, they likely expect that you’ve also not violated any rules and have been following consistency. If you made 10% in one day (which you actually couldn’t withdraw due to the consistency rule), they might scrutinize that. But assuming normal trading, once you hit the target you can contact them for scaling. Often, prop firms do scaling evaluations at set intervals (like every month or two). Alpha’s support can clarify, but given no time limit, presumably once you’ve got the profit anytime after passing, you can request it.
• Drawdown After Scaling: When your account is scaled up, typically your drawdown limits increase proportionally. Alpha hasn’t explicitly stated this on the public info we have, but logically, if your $100K became $110K, a 10% max loss would become $11K, etc., maintaining the same percentage risk. If it’s a trailing drawdown (like on the One plan), they likely reset it relative to the new balance high. Essentially, scaling shouldn’t put you at a disadvantage – it’s meant to expand your potential.
• Why Scaling Matters: The scaling plan is a big deal because it means traders don’t have to stop at the initial account. If you perform well, Alpha Capital is indicating trust by giving you more capital. This is where the real “prop firm career” aspect comes in – you could start with a smaller account (lower fee) and over time grow it to a much larger account without paying extra fees, simply through performance. It aligns the trader’s incentives with the firm’s: consistent profits = more capital = more profits = win-win.

As an example scenario: You start with a $50,000 account. In a couple of months, you generate a 10% profit ($5k). Alpha scales you to $55,000. A few more months, another ~$5k profit (note: now only ~9% of account), they scale to $60,000. Keep going, you could theoretically scale many times. It would take 10 scale increments from $50K to roughly $100K, and many more to reach $1M or beyond. So it’s a long-term pathway, but it’s there. Some traders also choose to compound their profits by not withdrawing much, which helps reach that 10% growth faster (since profits left in count toward hitting the next 10% target sooner).

What is Alpha Capital’s Consistency Rule?

The Consistency Rule at Alpha Capital Group, also known as the “40% Best Day Rule,” is a risk management policy designed to ensure that a trader’s profits are not coming from one lucky day or one huge trade. It’s essentially measuring how evenly distributed your profits are. Let’s unpack what this rule means and how it affects you:

• Definition of the 40% Best Day Rule: In any Qualified (funded) account, no single trading day’s net profit should account for 40% or more of your total profits on the account. Put another way, your largest winning day needs to be less than 40% of the sum of all your winning days. This is evaluated whenever you attempt to withdraw profits (request a performance fee). If at that time your best day is too large relative to total profit, you haven’t met the consistency requirement yet. For example, if your total profit is $2,000 and your biggest profit day contributed $1,000 of that, that’s exactly 50% – too high to be considered consistent. You’d need to accumulate say $2,500 total profit so that $1,000 is 40% of $2,500, at which point you’re good to go. The math formula is simple: Best Day Profit / Total Profit < 0.40. Alpha even provides a “consistency score” on your dashboard, where a score below 40 means you’re compliant.
• Purpose: This rule encourages traders to avoid an “all eggs in one basket” approach or luck-based trading. It promotes steady performance, good risk management, and discourages gambling behavior like going extremely heavy on one day and barely trading otherwise. From the firm’s perspective, a trader who made 100% of their profits in one day could have just gotten lucky on, say, a news spike – the consistency rule filters that by forcing them to continue proving themselves over multiple days. It ultimately protects the firm and fosters good habits for the trader (consistency is key to long-term survival in trading).
• Impact on Payouts: Practically, the consistency rule only matters when you want to withdraw profits. You can violate it (i.e., have an outlier big day) and still keep trading – your account won’t be closed for a consistency issue alone. It’s a soft rule, not a hard breach. The “penalty” is simply that you have to trade more before you can take money out. Once you trade more days and bring that ratio in line, you become eligible to withdraw. This is different from hard rules like daily loss which immediately stop you. Think of consistency as a gate for withdrawals: meet the criteria and the gate opens.
• Working Example: Let’s say on a $50K funded account, you have a killer trade on NFP day and make $2,000 in one day, and across the rest of the week you made another $1,500. Total profit $3,500, best day $2,000. $2,000/$3,500 ≈ 57%. If you request a payout then, Alpha will decline the request and ask you to continue trading (they actually show your consistency percentage in the request form so you likely know beforehand). You then trade for another week or two, add, say, another $2,500 in profits across several days. Now total profit is $6,000, best day still $2,000. $2,000/$6,000 = 33%, which is <40%. Now you’re good. You can request, for instance, a $5,000 payout (leaving $1,000 profit in the account, which also satisfies the “leave 2%” rule since $1,000 is 2% of a $50K account). Alpha approves and pays you the $5k. You continue trading with the remaining profit as a buffer.
• Resetting Consistency: If you do make a withdrawal (partial), note that Alpha will reset the consistency calculation for the next payout cycle. After a payout, whatever profit you leave in essentially becomes the new baseline. If you withdraw everything except a small amount, your next trade could again become the “best day” starting fresh. This is a bit technical, but the help article explains that after a withdrawal, once you place a new trade, a new consistency window begins. The profits from before are not counted in the new total (except any amount you left in, which is “locked” until you meet consistency again). The takeaway is: consistency is evaluated per payout period. Once you’ve taken money out, you start building consistency from zero again on what’s left. This prevents someone from gaming the system by doing one big trade, withdrawing gradually in small chunks – the rule will always ensure within any given cycle the profits are balanced.
• Failing Consistency vs. Breaking It: You can’t really “break” this rule in the sense of causing account loss. If you have a huge profit day that’s >40%, you just have a high consistency score (like 50, 100, even 200% if you only had one winning day). That just means you need more profits overall. However, if someone tries to withdraw without meeting it, Alpha will deny the withdrawal. In extreme cases, if a trader keeps trying to circumvent it or shows very erratic behavior, the firm might take a closer look or even place that account under risk review – but generally, it’s on you to just continue trading until you qualify. There is no negative consequence apart from delayed gratification.



Alpha Capital even provides a Consistency Calculator tool (via their website or community) where you can input your best day profit and it tells you how much total profit you need to satisfy the 40% rule. A good rule of thumb: you need at least 2.5 times your best day profit in total profits for consistency (since 1/2.5 = 40%). Or inversely, try not to make more than 40% of your target in one day while you’re trading – that way you can withdraw immediately once target is hit. Some traders deliberately slow down once they have one big day, choosing to even out their performance.

What are Daily Loss Guard and Maximum Loss Limit?

Alpha Capital has introduced some specific terminology around loss limits on funded accounts. Two key terms to know are Daily Loss Guard (DLG) and Maximum Loss Limit (MLL). These concepts relate to risk management on qualified accounts, and understanding them will help you avoid accidentally breaking the rules. Let’s clarify each:

Daily Loss Guard (Qualified Accounts Only):

The Daily Loss Guard is essentially a soft daily drawdown limit applied to funded accounts (Qualified Analyst Accounts). It acts as an early-warning mechanism to prevent you from hitting the actual hard daily loss limit. Here’s how it works:

• DLG Threshold: On qualified accounts, Alpha Capital sets the Daily Loss Guard at 2% of the starting balance (this is according to Alpha’s futures program info, and it aligns with reports for forex accounts as well). This means if you have a $100,000 funded account, 2% is $2,000. If your losses reach $2,000 on any given day (floating or closed), the guard is triggered.
• What Happens If Triggered: Hitting the Daily Loss Guard is a soft breach, not an immediate account termination. Instead, if you reach that 2% loss in a day, your trading for the rest of the day is locked or paused. In other words, the system will likely prevent you from opening new trades for the remainder of that day. This protects you from doing further damage on a bad day. The account is not closed and you have not lost funding at this point – you’ve just maxed out your allowable loss for the day in a preventative sense.
• Resets Next Day: The next trading day, the Daily Loss Guard resets and you can trade again. Think of it as a circuit breaker. It gives you a chance to cool down and come back fresh rather than potentially spiral beyond recovery in one session.
• Relation to Hard Daily Loss: The actual hard daily loss limit might be higher (for example, 4% or 5% as specified by the account type). The Daily Loss Guard at 2% is intentionally set lower as a buffer. If DLG stops you at 2%, it ideally prevents you from continuing to lose to the point of hitting, say, the 5% hard limit which would close the account permanently. So, by respecting the guard, you greatly reduce the chance of a fatal breach.
• Example: You start the day with $100,000 equity. If at any point your equity drops to $98,000 (down $2k, which is 2%), the system might freeze further trading. You won’t be able to enter new positions. Let’s say you had open trades causing that loss – you’d likely be allowed to close them (or they might auto-close to lock in at 2% down, depending on implementation). But you couldn’t open new risk until the next day. If the market moved further against any open trades after hitting DLG, you could potentially still hit the 5% hard stop, so it’s on you to manage or close out when DLG hits. The guard is mostly to stop active trading beyond that point.

Maximum Loss Limit:

The Maximum Loss Limit (MLL) refers to the total drawdown allowed on the account – basically the same as the Max Drawdown we’ve discussed, but let’s put it in this context:

• Definition: It is the absolute most you can lose on the account from its peak/balance before the account is closed. For funded accounts, this number is generally equal to the initial maximum drawdown from the evaluation. For instance, if you had a 10% max loss during the challenge, your funded account also has that $ amount as a Max Loss Limit (which might become a fixed value if it was trailing and has locked). On a $100K account, MLL = $90K equity (i.e., a $10K loss) if static, or it could trail to $100K if it started trailing at $94K and you grew it 6%. Regardless, it’s the hard floor – if your account equity hits that level, you’ve hit the MLL and the account is closed.
• Role in Funded Stage: The MLL is a hard breach. Unlike the DLG, there is no second chance or reset – go beyond it and the funded account is gone. This is the same concept as during the evaluation; it’s just that in the funded phase you obviously don’t have a profit target to offset it, so this is the main thing to avoid long-term. Think of the Maximum Loss Limit as your “account stop-loss.” If your cumulative losses reach 10% of the account, you have effectively lost the account’s allocation.
• Static vs Trailing: On most funded accounts (Pro, Swing, Three), the MLL is static, meaning it’s a fixed threshold (e.g. 10% below starting balance) that doesn’t change as you profit. On the One-step, the MLL was trailing during the evaluation until it locked at breakeven. Once it’s a funded account, that trailing drawdown likely remained where it locked (so effectively it becomes static at the initial balance). The help notes to leave a profit buffer if your trailing drawdown has locked at the start balance, otherwise withdrawing all profit would immediately risk breaching. For example, if a one-step $100K account reached $106K and trailing DD locked at $100K, if you withdraw the $6K profit leaving balance $100K, your MLL is still $100K – you’d have no room for loss and any dip would break it. Alpha actually warns that withdrawing all profits in that scenario will result in account closure! So they advise leaving some profit (even $100 or whatever) so your balance stays above the MLL after payout. This nuance mainly affects one-step accounts. For static accounts, you can withdraw down to start balance and you’d still have the full 10% drawdown available.
• Monitoring MLL: The dashboard will show your Max Loss Limit level. It’s crucial to always know where you stand relative to it. If you have open trades, always imagine the worst-case if they hit stop – would you breach daily or max? Keeping a buffer is wise; many traders never want to come closer than say half the drawdown amount in loss, because trading when near the edge can be psychologically tough.

Consequences of breaching limits:

Breaching Daily Loss Guard: If you hit the Daily Loss Guard (2% down in a day), the consequence is a trading halt for the day. It’s not punitive beyond that day – you can trade the next day as normal. There’s no strike or fee; it’s just a enforced cool-off. However, note that if you somehow continue trading (say the system doesn’t auto-lock but you manually ignore it – though that shouldn’t be possible if enforced properly), and then hit the official daily loss limit (like 5%), that would be a real breach. So treat the guard as a hard stop for yourself even if the system didn’t catch it instantly.

Breaching Hard Daily Loss or Max Loss: These are hard breaches and will result in loss of the account. If you violate the daily loss limit (e.g., down 5%+ on a 5% limit account), typically your account is closed immediately and you’re disqualified from that funding. If you violate the Max Loss Limit (drop below 90% of account starting balance or whatever the limit is), that also is immediate account closure. In either case, you also forfeit any unpaid profits in the account. For instance, if you had $4,000 of profit but then a loss brought you to breach, you don’t get to keep that $4K – it’s gone. Breaching a funded account rule essentially voids any pending payout. This is standard across prop firms. It’s painful, and that’s why these rules are clearly set to be avoided at all costs.

Warnings or Grace: Alpha Capital’s terms don’t indicate any grace period – the rules are the rules. Some firms offer a small grace if you breach by like a few dollars due to spread fluctuation. It’s unclear if Alpha has an unwritten tolerance (some will forgive an overstep of, say, $10 on a $100K account due to slippage). It’s best not to test it; always aim to stop a bit short of the limit. The Daily Loss Guard being at 2% on a 5% limit gives a nice buffer. If you respect the DLG, you’ll likely never accidentally hit 5%.

After Breach – Next Steps: If you do unfortunately breach and lose the account, the only option if you want to continue with Alpha is to start over with a new challenge (and fee). Alpha does have a community and support – nothing stops you from coming back wiser. But multiple breaches obviously cost money and time, so it’s better to operate safely within the rules from the get-go.

Is Alpha Capital a Scam or Legit?

With any prop firm – especially one that requires upfront fees – it’s wise to ask if it’s legitimate. In the case of Alpha Capital Group, the evidence strongly points to it being a legit prop trading firm, not a scam. Here’s why:

• Company Registration and Transparency: Alpha Capital Group is a real registered company in the UK (Alpha Capital Group Limited, Company No. 13719951). They have a verified business address in London and named executives (CEO George Kohler, etc.). Scam operations usually hide such details. Alpha’s openness about their location and leadership suggests credibility.
• Established Track Record: Since launching in late 2021, Alpha Capital has grown rapidly and by 2025 has a large user base and community. They reportedly have paid out millions in profits to traders. In fact, industry news sources noted Alpha Capital approaching $100 million in payouts as of 2024 (a figure which, if accurate, shows they have been delivering on funding traders). While we can’t verify that number here, the sheer volume of traders (over a million signups) and thousands of funded accounts implies many have received withdrawals. There are numerous testimonials in trading forums of successful payouts from Alpha. A scam firm would not likely survive this long while maintaining a positive reputation among so many traders.
• Trustpilot and Reviews: Alpha Capital Group has a presence on review sites like Trustpilot, where it holds an overall positive rating (around 4.4 out of 5 stars from thousands of reviews). The majority of traders praise the firm’s reliability in paying out and the supportive community, though as with any large company, there are some complaints (often from those who breached rules). The consistency of good reviews and the firm’s engagement with the community (via Discord and support) point toward a legitimate operation. A pure scam would be flooded with accusations of non-payment; while Alpha has some isolated disputes (often around strict enforcement of rules), there is no widespread evidence of them refusing to pay profitable traders.
• Funding Model: Alpha Capital’s business model is similar to other reputable prop firms – they use evaluation fees to cover losses and operational costs, and split profits with traders who succeed. This model only works long-term if they actually fund traders and pay out (otherwise word spreads and no one joins). Alpha’s continued growth implies they’re doing things above-board. No prop firm can sustain for years by scamming in the age of social media – traders talk. The active community and referral partnerships indicate trust in the firm.
• Professional Conduct: When dealing with Alpha Capital’s support, traders report prompt responses and clear communication (for example, KYC verification after passing is handled by a secure third-party and is done in a timely manner). They also host educational webinars and engage on platforms like Discord and X (Twitter). Scams typically avoid too much interaction or promises of education because they don’t want scrutiny. Alpha, on the other hand, invests in community features and competitions, which shows they intend to be around and build goodwill.
• No Get-Rich-Quick Gimmicks: Alpha Capital’s marketing, while upbeat, doesn’t promise absurdly easy riches or guarantee funding without effort. They emphasize rules, consistency, and even call traders “analysts” to instill a professional mindset. This tone is more trustworthy than schemes that just hype “we give you $200K just like that!”. The presence of rules like consistency and daily guard actually indicates they intend to pay real money and need traders to be prudent – if it were fake, they wouldn’t care how you trade. The rules are there because they are managing real capital/risk.
  

Alpha Capital Reviews and Social Media Presence

Additional Features: Education, Community, and Tools

Beyond the core trading accounts and rules, Alpha Capital Group offers several additional features that enrich the trader experience:

• Educational Resources: Alpha provides a range of educational content for its traders. On the official website, there’s a Media Hub or blog where they publish market insights, analysis articles, and trading tips regularly. Topics might include technical analysis breakdowns, risk management techniques, or recaps of major economic events – all geared to help traders make informed decisions. They also have an extensive Help Center with FAQs and articles not just on rules, but on trading concepts (for example, explanations of bid/ask, lot sizes, etc.), which is useful especially for beginners. In addition, Alpha sometimes partners with trading educators to host webinars or create tutorial videos. By being an Alpha trader, you gain access to these learning materials which can improve your skills over time. Essentially, they don’t just fund you – they want to foster your development as a trader.
• Community Engagement: We’ve touched on the Discord community – it’s one of the most vibrant aspects of Alpha Capital. Inside, you can find chat rooms for different topics (forex discussion, strategy sharing, prop firm support, etc.), and even region-specific channels. Alpha’s staff (including risk managers and support reps) are active there, which means you can often get real-time help or clarifications. The sense of camaraderie is strong; traders often share their experiences about passing or failing challenges, which you can learn from. Alpha also runs fun community events – for instance, they may do giveaways or contests on social media (like “guess NFP numbers and win a free retry” or such). They celebrate milestones (like hitting 10k Discord members or Trustpilot reviews) by giving out discount codes. Being engaged in the community can sometimes net you these perks. Moreover, seeing others succeed can be inspiring and push you to stay disciplined.
• Trading Tools and Technology: Alpha Capital, through its partnership with ACG Markets, provides some advanced tools. For example, traders get access to an online dashboard where they can track their performance metrics – daily drawdown percentage, current consistency score, etc., all updated in real-time. This transparency helps you monitor compliance easily. Additionally, they have a Consistency Calculator tool (as mentioned) to plan your withdrawals in line with the 40% rule. Alpha is also known to have One-on-One sessions for those who fail; effectively a debrief with a risk analyst who goes over your trades. That personalized feedback is like a coaching tool – quite rare in this industry. Another tool is the free trial account environment we discussed, which is essentially a risk-free simulator on their real servers – a great practice tool. Alpha Capital’s platforms themselves (MT5, cTrader, etc.) come loaded with indicators and allow EA usage (except free trials and TradeLocker don’t allow EA). So if you have algorithmic strategies, you can deploy them on the funded accounts (just ensure they aren’t arbitrage EAs that break rules).
• Risk Management Features: Apart from the Daily Loss Guard, which is itself a risk management tool, Alpha has internal systems to watch for things like strategy consistency and gambling patterns. While that might sound like “big brother,” it actually helps identify if a trader suddenly deviates into high-risk behavior – they might reach out or move the account to a “Risk Management Group” for observation. For the trader, this means the firm is actively monitoring and wants you to succeed without blowing up. It’s akin to having a risk manager in a professional trading firm keeping an eye on you. This level of oversight can actually be a safety net and a learning experience if you end up in that scenario.
• Customer Support: It’s worth noting as a feature that Alpha’s support team is quite responsive. They offer support via email and Discord primarily. Many traders have noted that their questions are answered promptly, often within minutes on Discord or a few hours on email. Good support is an “additional feature” that shouldn’t be overlooked – when you’re dealing with account issues or need clarity on a rule, having a helpful support staff is gold. Alpha seems to invest in this, given the 1-on-1 reviews and active community managers.
• Free Trial & Competitions: To reiterate, the Free Trial account feature is fantastic for new users. Not all prop firms have a free trial where you can simulate the challenge. Alpha’s free trial even mimics the same targets and rules (10% target, 5% daily, etc. for trial). While you can’t get funded from it, completing it is good practice. They reset every 30 days or upon target/breach, so you can try multiple times (one active at a time). On top of that, monthly competitions give traders a chance to win real funded accounts or cash prizes without paying – these usually involve trading on a demo for a month and ranking on a leaderboard. Such events are both educational and rewarding, and they add to the vibrant Alpha Capital ecosystem.

Alpha Capital Review: Final Thoughts

Prop trading is challenging – it’s not a guaranteed path even with a firm as good as Alpha Capital. You still need to bring skill, patience, and emotional control to the table. But what Alpha Capital Group provides is a fair and fertile ground for you to apply those skills. They give you the capital, the guidance, and the breathing room to succeed. In the ever-expanding prop firm landscape, Alpha has carved out a reputation as one of the most trader-friendly yet responsible firms out there.



If you resonate with their approach (perhaps you’re nodding at the idea of consistency and risk management), then Alpha Capital could be the prop firm to help take your trading to the next level in 2025. Manage the risk, respect the rules, and you might just find yourself scaling up funds and withdrawing hefty profit shares in the months to come. Happy trading!